The collaboration aims to give everyday traders more control over their portfolios and sector allocations.
Wallace Finance, an artificial intelligence (AI)-driven investing fintech, has teamed up with Alpaca, a US self-clearing broker-dealer, to give retail investors unprecedented control over their investment strategies. Under the agreement, users will be able to create, manage, and share hyper-personalized portfolios through modified direct indexing. Direct indexing, traditionally reserved for institutional and high-net-worth investors, allows individuals to own and customize the individual compan