Cerulli: Launching an ETF is expensive... but maybe worth it?
Clients care about taxes. Advisers care about overhead. Plus memes & more. TGIF.
The tax efficiency offered by exchange-traded funds (ETFs) has made them the structure of choice for advisors.
What I’m reading…
Cerulli: In the U.S. Market, Conversions of SMAs to ETFs Are Growing
“In a 2024 Cerulli survey, HNW practice management executives rank tax minimization first, alongside wealth preservation, as what they perceive as their …