Bloomberg News profiles Practus Client Alpha Architect
Alpha Architect, long-time Practus client, is disrupting the registered fund industry again and Bloomberg News is noticing. In a recent article, journalist Justina Lee shines a spotlight on Wes Gray and his firm, Alpha Architect LLC’s “increasingly creative use of exchange-traded funds” along with its launch of AAUS, a $446M ETF that could change everything.
An ETF for the People
Practus’ ETF Team, Robert Elwood, Karen Aspinall, and Ray Holst are the legal advisors behind Alpha Architect’s innovative fund formations. They helped Alpha Architect pioneer the first 351 conversions, bringing never-before-seen tax efficiencies to ultra-high net worth individuals. And they’ve been working with the ETF Architect team for almost a year on AAUS. But this ETF isn’t just billionaires.
Ray Holst says, ” Exchange funds present a variety of disadvantages such as the long lockup period. Similarly, section 351 transactions present challenges such as the diversification requirement. With this innovative hybrid structure, we managed to ameliorate or eliminate these disadvantages.”
Read the Bloomberg Article
Gray says his goal is to become the market leader in ETFs. Practus has been and will be there every step of the way. You can read the entire Bloomberg article here.
