(New York City, NY) Bloomberg News published an article about the significant benefits of deferred capital gains when assets flow into exchange-traded funds (ETFs) through what’s known as a 351 conversion. Of the ten transactions highlighted in the article, Practus’ team has completed half of them. Robert Elwood says it’s confirmation that he and his Practus colleagues, John Lively, Karen Aspinall, Ray Holst, Wade Bridge, and Tina Bloom, are pioneers in a field that has transformed the investment management industry.
Elwood adds, “We and our clients (ETF Architect, Alpha Architect, and Ultimus Fund Solutions) have completed 100 Section 351 transactions. I suspect we are, by far, the leading law firm in this area.”
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