MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, June 5, 2017 Cambria Preps One Alliance and Plans Another It will be a busy summer for Cambria, a Los Angeles-based investment management firm, after their most recent ETF launch. Meb Faber, CIO and PM at Cambria, tells MFWire that with the firm’s added AUM they have more plans underway.
Cambria will be partnering with Riskalyze to offer Cambria funds to advisors on Riskalyze’s Autopilot Partner Store. Faber says this service will be offered with no management fee. “Getting rid of the middle men as an ETF provider means we can offer our portfolios for zero management fee—not just low cost but no cost,” Faber says. Cambria’s partnership with Riskalyze will begin later this month. In addition to their partnership with Riskalyze, Faber says Cambria will eventually be teaming up with TD Ameritrade and their Model Market Center. Last year Cambria partnered with the roboadvisor Betterment Institutional to launch Cambria Digital Advisor., which was designed to help individual investors access Cambria’s portfolios without management fees. “It’s a wonderful time to be an investor because costs keep going down,” Faber says. Cambria ETF Trust launched Cambria Core Equity ETF (CCOR) last week. It’s the firm’s tenth ETF launch and at $98 million in AUM, it’s the industry’s fourth largest ETF launch so far this year. On top of Cambria’s upcoming partnerships, the firm plans to launch a couple more ETFs this year. Faber says they will try to launch a steady two or three ETFs every year. "People keep saying the ETF business is saturated but we believe there are a lot of good ideas that haven’t been launched," Faber says. Editor's Note: A prior version of this story mistakenly included picture of someone unrelated to this story and mislabeled that picture as being of Meb Faber. Printed from: MFWire.com/story.asp?s=56389 Copyright 2017, InvestmentWires, Inc. All Rights Reserved |
