Haverford, PA — January 19, 2024 – Practus, LLP, a leading law firm in investment management, and ETF Architect, a well-established white label asset management firm, have partnered to orchestrate a series of tax-free ETF conversion transactions, converting over $2+ billion in assets across 50,000+ accounts, and 9 transactions, representing a diverse array of mutual funds, hedge funds, and separately managed accounts.
As part of their continued collaboration, ETF Architect named a leading tax adviser at Practus LLP, Robert Elwood, as its exclusive tax advisor to its white-label platform for all tax-free conversion transactions. Elwood and his team at Practus were the first to convert a mutual fund into an ETF in 2021. He is widely regarded as a trailblazer and foremost authority on ETF conversions and has written on the subject for top tax journals.
Elwood says the proof of a strong partnership is in the numbers:
“ETF Architect and Practus have executed multiple tax-free conversions, saving our clients meaningful sums of money. Together, we are creating value for our clients.”
Wesley Gray, Ph.D., Strategic Advisor to ETF Architect, states:
“Practus’ legal acumen and understanding of investment structures, coupled with ETF Architect’s innovative white-label solutions have streamlined the conversion process. Our partnership with Bob and his colleagues underscores our shared commitment to industry innovation and providing comprehensive solutions that address our clients’ unique needs.”
To date, the firms[1] have successfully jointly executed the following tax-free conversion transactions:
- Sepio Capital’s Bushido Capital US Equity ETF (SMRI). AUM: $289mm
- Euclidean’s Euclidean Fundamental Value ETF (ECML). AUM: $166mm
- Alpha Architect’s Tail Risk ETF (CAOS). AUM: $174mm
- Bridgeway’s Omni Small-Cap Value ETF (BSVO). AUM: $1,081mm
- Bridgeway’s Blue Chip ETF (BBLU). AUM: $135mm
- Burney Company’s Burney U.S. Factor Rotation ETF (BRNY). AUM: $203mm
- Argent Capital’s Mid Cap ETF (AMID). AUM: $46mm
- Upholdings Compound Kings ETF. AUM: N/A
About ETF Architect:
ETF Architect is on a mission to lower barriers to entry in the ETF market by delivering a low-cost, high-quality, turnkey solution. Currently, ETF Architect manages assets exceeding $6.9 billion, totaling over 49 ETFs. Through its EA Series Trust, the firm partners with fund managers (hedge, mutual, SMA), Registered Investment Advisors (RIAs) and family offices seeking to leverage the material tax and operational efficiencies of the ETF structure. The ETF Architect platform has converted more than $2+ billion in assets across 50,000+ accounts, and nine transactions.
About Practus:
Founded in 2008, Practus, LLP is a full-scale virtual law firm of top-tier attorneys, spanning a diverse range of practice areas, industries, and disciplines. The team of client-centric heavy hitters – many of whom honed their skills in Big Law firms – is experienced enough to grasp and solve your most complex business and legal challenges, and nimble enough to tailor solutions to your evolving goals. Most recently Practus received the Best Law Firms of 2024 ® recognition.
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All investments are subject to risks, including the loss of money and the possible loss of the entire principal amount invested.
The information contained herein does not constitute legal or tax advice.
No Recommendations or Investment Advice. The information contained herein is not a recommendation, offer, or solicitation to purchase or sell any security or investment product or a recommendation for any registered investment adviser or investment advisory service(s), nor shall any such security, product, or service be recommended, offered, purchased from, or sold to any person, in any jurisdiction in which such recommendation, offer, solicitation, service, purchase, or sale would be unlawful under the securities laws of such jurisdiction. All financial and investment data provided herein, as well as reference materials or links to websites and prospectuses, are for general informational and research purposes only, and are not intended to be relied upon for any transactional, investment, tax planning or other purposes.
The funds are distributed by Quasar Distributors LLC. The Funds’ investment advisor is Empowered Funds, LLC which is doing business as EA Advisers. Quasar Distributors, LLC is not affiliated with Empowered Funds, LLC (dba EA Advisers), Carlson Capital Management, LLC, Sepio Capital, L.P., Euclidean Technologies Management, LLC, Arin Risk Advisors, LLC, Bridgeway Capital Management, LLC, Burney Company, LLC, Argent Capital Management, LLC, or Upholdings Group, LLC.
[1] Inclusion in this list does not imply that the firm endorses the views expressed in any this piece or satisfaction in this process.
