Academic Finance Research and Insights

Of Bronze and Blue

By |November 11th, 2022|

A Veteran's Day Blog. This summer, The Basic School in Quantico, Virginia unveiled a memorial, honoring lieutenants that were killed in Operation Iraqi Freedom and Operation Enduring Freedom.

Why Advisors (and Family Offices) Should Consider Creating their Own ETFs

By |November 4th, 2022|

Independent RIA firms seek to do what is "right" for the client, which often boils down to minimizing fees and taxes and increasing transparency/education (i.e., ETFs). But the "right" solution for an advisor's clients might not be available 'off-the-shelf' in the ETF market, or the advisor can't use ETFs because they are stuck "managing around" legacy portfolios and tax problems.

What's the solution? Allow advisors to create their own ETFs, which can be customized to deliver the specific investment program the advisor desires and allows an advisor to offer unique solutions for legacy tax issues tied to low-basis securities.

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