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Monday, May 8, 2023
A Cali-Nevada Duo Enters the ETF Biz
A pair of advisors (one in California, the other in Nevada) recently launched a new shop and teamed up with an ETF-in-the-box shop to enter the ETF space.
Last week, Mark Kuperstock, principal and founding partner of Mulholland & Kuperstock Asset Management, and Stephen Mulholland, chief investment officer, unveiled the launch of the MKAM ETF (MKAM on the Nasdaq). Mulholland and Kuperstock also revealed their RIA's new sister company, MKAM ETF LLC, which serves as subadvisor to MKAM.
MKAM is a series of the EA Series Trust (fka the Alpha Architect ETF Trust). The new fund's inception date was April 12, and as of today it has $3.51 million in AUM. The fund comes with an expense ratio of 96 basis points.
Empowered Funds, LLC (dba EA Advisers, aka ETF Architect) serves as investment advisor to MKAM. Kuperstock and Mulholland serve as principals and founding partners of MKAM ETF LLC and as PMs of the fund itself. MKAM is an active ETF, powered by a proprietary algorithm that looks at trend and valuation, shifting the fund's allocation between U.S. equities and fixed income.
"We want to smooth out the journey for investors, so they reach their desired destination," Mulholland states.
"We are looking to offer a more efficient alternative in the market for a situation many investors face: The need to draw funds while not sacrificing the totality of their investment gains."
MKAK's other service providers include: Practus, LLP as counsel; Quasar Distributors, LLC as distributor; Spicer Jeffries LLP as independent accounting firm; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as administrator, fund accountant, and transfer agent; and U.S. Bank National Association as custodian and securities lending agent.
Printed from: MFWire.com/story.asp?s=65939
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