
The honest answer might be "accept that you can't have both" but I'm not fully convinced.
Index funds give you market returns with minimal effort. Getting above-market returns has always required either: (a) a lot of effort yourself, (b) paying someone a lot of money, or (c) taking on more risk.
Is there now an option (d)? Like following a skilled investor's live strategy automatically through a regulated platform, at a subscription cost rather than a % of AUM, with fractional execution so you don't need a large minimum?