The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Four ETF Shops Gain Special RayJay Access Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, November 10, 2014

Four ETF Shops Gain Special RayJay Access

Reported by Neil Anderson, Managing Editor

Four ETF shops just gained special distribution access through Raymond James.

This morning Bill Van Law, president of Raymond James' RIA-supporting investment advisors division (IAD), unveiled his unit's new no transaction fee ETF platform, complete with 119 ETFs (mostly moderately active ETFs) from four shops: AdvisorShares [profile], DST's ALPS Advisors [profile], First Trust [profile], and GreenHaven [profile]. The statement also includes a line about the St. Petersburg, Florida-based, publicly-traded, super-regional broker-dealer "also exploring offering an NTF-ETF platform to other divisions of the firm in the future.".

"We do intend to roll it out also to the independent contractor advisors as well in the near future," Mike DiGirolamo, managing director of IAD, tells MFWire.

MFWire could not immediately reach AdvisorShares founder and CEO Noah Hamman for comment on the new platform. A spokeswoman for DST was not immediately able to comment for this story.

Watch for more ETF shops to join the platform. DiGirolamo states that the RayJay team is "already in conversations with additional fund companies to augment the platform."

Ivan Howard, managing director of investor relations at GreenHaven, confirms that this is the first NTF platform to include GreenHaven flagship (and only) ETF, the GreenHaven Continuous Commodity Index Fund.

"We were approached by Raymond James," Howard tells MFWire. "We thought it would be a great platform, a win-win for both firms."

Andy Subramanian, senior vice president at First Trust, praises the RayJay NTF ETF platform as "offering advisors a better way to serve their clients."

RayJay's IAD works with more than $10 billion for about 350 advisors at 112 RIAs. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use