MILWAUKEE, November 2, 2022 /PRNewswire/ — Client First Tax & Wealth Advisors today announced that it is in the pre-effective phase of launching its first exchange-traded fund (ETF); Adaptiv™ Select ETF (Ticker: ADPV).
Client First, an independent registered investment adviser located in West Bend, Wisconsinworks with strategic partners US Bank, Exchange Traded Products (ETC), and Quasar Distributors to bring the Momentum-based large-cap stock selection strategy to life within a tax-efficient exchange-traded vehicle.*
“As we enter the active ETF space, we are excited about the comprehensive list of strategic experts we partner with,” said Paul Zarling, Managing Partner at Client First. “Our partners, such as the Sub-Advisor (ETC), Master Market Maker, Global Trading Systems (GTS) and Custodian and Fund Administrator (US Bank) are well known in the market. They provide the extreme expertise we were looking for. on behalf of our clients. Launching this ETF is no small task. We wanted to find experts and partner with them. We owe it to our clients and we believe they will appreciate what we built for them.
“We are excited to have the capabilities of Adaptiv™ within an ETF structure, to provide our clients with the benefits of active management and the tax efficiency of an ETF,” said the partner and responsible for financial planning, justin kruger, CFP®. Client First manages more than 120M into assets while implementing their TrueHolistic® planning process for over 400 households. “Having Adaptiv™ active management to pick individual stocks in a tax-efficient ETF is something we’ve wanted to do since 2018. We’ve had to be patient, make sure we have the right teams, the right strategy and the good partnerships in place. Adaptiv™ Select ETF took over a year to build and the Adaptiv™ team has worked hard to make it a reality. The time is right and our planning team is excited for our customers and the potential that this ETF could have on their retirement plan and their portfolios.”
The Adaptiv™ Select ETF is designed with two primary objectives: (1) To identify and hold the 25 highest-ranking US large-cap stocks from a universe of the 1,000 largest-cap US stocks when the general US market is in an uptrend. (2) To identify when the broader US market is in a downtrend and move from equity holdings to cash and short-term Treasuries. The Adaptiv™ Select ETF uses proprietary calculations based on objective rules to try to accomplish the above.
“There are really three main features of the Adaptiv™ Select ETF,” said Ian McMillan, CMT®, portfolio manager and market analyst at Client First. “First, when the broader US stock market is in an uptrend, it tries to hold the best stocks using Momentum and Relative Strength as a measurement tool. Second, when a general downtrend in the US stock market is identified at Using moving averages, it tries to mitigate risk and reduce drawdown by moving 100% of the ETF to cash and treasuries.Third, we don’t wait for a full quarter of a year to put in implement the above. We perform these calculations and replenish the Adaptiv™ Select ETF weekly. This is important.”
With the fund now live, the Adaptiv™ Select ETF has a potential launch date of next November and is expected to list on the New York Stock Exchange (NYSE) under the symbol ADPV.
“While we are still in the final stages of bringing Adaptiv™ Select live and available for trading on the NYSE, we wanted to publicize the good news,” said david zarling, CMT®, Partner and Head of Investment Strategy and Research at Client First. “This labor of love was done first and foremost on behalf of our own clients. At the same time, we fully realize that other advisors might appreciate an ETF built by advisors based on client needs. Advisors and investors alike have often sought to pick individual stocks in an attempt to capture both absolute and relative returns. many time horizons of the market: Momentum and Relative Strength. Being able to deliver the aforementioned stock selection methodology in a more tax efficient packaging is a win-win proposition for us: our own clients benefit from a selection of securities in a tax-advantaged package. The same goes for other investors and advisors if they want the same protocol of e selection and tax efficiency in their portfolios. »
About Client First Tax & Wealth Advisors
Client First Tax & Wealth Advisors is an independent registered investment adviser located in West Bend, Wis. with customers all over America and US citizens residing abroad. Client First manages 120M and implements TrueHolistic® planning for over 400 households. Client First focuses on democratizing the family office. Everyday Americans deserve the same team of experts who surround billionaire families. As a result, Client First has a full team of knowledgeable financial, estate, health, social security, tax and insurance planning experts. Incorporating active asset management for their clients using Adaptiv™ Investment Management, they gave their full-service financial process a name: TrueHolistic®. Using the aforementioned unified expertise and processes, they help people get the financial confidence they deserve.
REMARK: The registration statement relating to these securities has been filed with the SEC but has not yet been declared effective. These securities may not be sold or offers to buy may be accepted prior to the effective date of the registration statement. This press release does not constitute an offer to sell these securities and does not solicit an offer to buy these securities in any state where the offer or sale is not authorized.
You should carefully consider the Fund’s investment objectives, risks, charges and expenses before investing. You should carefully consider the Fund’s investment objectives, risks, charges and expenses before investing. This and other important information is contained in the Fund’s prospectus, which may be obtained by calling Shareholder Services at 1-833-753-3825 or by visiting ADPVetf.com once online. Read carefully before investing.
Investing involves risk, including possible loss of principal. To the extent that the Fund’s investments are concentrated in or have significant exposure to a particular issuer, sector or group of sectors or asset class, the Fund may be more vulnerable to adverse events affecting that issuer, sector or this group of sectors or this class of assets. than if the Fund’s investments were more broadly diversified.
Active management by the Adviser in selecting and maintaining a portfolio of securities that will achieve the Fund’s investment objective could cause the Fund to underperform other funds with similar investment objectives . For longer periods, the Fund may hold a large cash position. If the market rises during periods when the fund holds a large cash position, the fund may not participate to the extent that it would have had it been more fully invested.
The Adviser relies heavily on a quantitative model developed by the Adviser, which is used to assess and rank investments or potential investments, to provide risk management information and to help mitigate prolonged declines in net asset value of the Fund. Where models and data prove to be incorrect, misleading or incomplete, any decision made on the basis of them will expose the Fund to risks.
*The ETF structure may allow certain tax advantages over investment vehicles. Investors seeking tax advice should consult an independent tax adviser.
Opinions expressed may change at any time, are not guaranteed and should not be considered investment advice.
Adaptiv™ Select ETF is distributed by Quasar Distributors, LLC.
SOURCE Client First Tax and Wealth Advisors
