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Rating:In SoCal, a $6.2B-AUM AM Teams Up For Its 1st ETFs Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, June 7, 2024

In SoCal, a $6.2B-AUM AM Teams Up For Its 1st ETFs

News summary by MFWire's editors

In Southern California, the team at a 56-year-old, $6.2-billion-AUM (as of December 31) asset manager recently entered the ETF side of the business.

Last month, the Genter Capital Taxable Quality Intermediate ETF (GENT) and the Genter Capital Municipal Quality Intermediate ETF (GENM) both listed on the NYSE Arca. Both funds are powered by Los Angeles-based RNC Capital Management (dba Genter Capital Management) and are series of Spinnaker ETF Series.

GENM and GENT's inception date was May 21, and both new, actively managed, income-seeking funds come with an expense ratio of 38 basis points. As of yesterday, GENT had about $1.6 million in AUM, while GENM had about $910,000.

Genter subadvises both of the Genter-branded ETFs, and OBP Capital, LLC (the RIA affiliate of the Nottingham Company LLC) seves as investment advisor. GENM's PM team includes: Brian Pyttlewski, senior vice president and director of municipal fixed income at Genter; and Paul Ryan, SVP at Genter. GENT's PM team includes: Alex Hall, SVP and director of fixed income at Genter; and Taylor Rudnik, first VP at Genter.

GENT and GENM's other service providers include: Capital Investment Group, Inc. as distributor; Clear, LLC and UMB Bank, N.A. as custodians; DLA Piper LLP as counsel; Nottingham as administrator; Nottingham Shareholder Services LLC as dividend disbursing agent and transfer agent; and Tait, Weller & Baker LLP as independent accounting firm.

Watch for the Genter team to expand their ETF push. The Southland firm already has a traditional open-end mutual fund, the 16-year-old Genter Dividend Income Fund, which is "on track to be converted into an ETF," ETF.com reports. And Dan Genter, president and CEO (and principal owner) of his eponymous shop, tells ETF.com that he also plans to launch an international high-dividend ETF.

"We think ETFs are an easier way for us to distribute what we're doing to a non-institutional market," Dan Genter tells ETF.com. "The standard mutual fund has become a bit of a dinosaur." 

Edited by: Neil Anderson, Managing Editor

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