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I’m again dwelling after a busy three days in Miami for the enormous ETF Alternate convention. It’s a really busy trade occasion – I believe a ton of enterprise is finished, offers closed, and gross sales made. It’s additionally a monster networking occasion, the place you get to satisfy new folks and see outdated buddies. It’s about 40% RIAs, 60% trade — ETF suppliers, servicers, fintech, and different trade stalwarts.
There are far worse locations to be in February than Miami.
Most of what I do at occasions like that is on the content material aspect – search for my interview with Vanguard Group CEO Tim Buckley subsequent weekend – however at this occasion I paid shut consideration to the deal-making. It’s fairly fascinating to see out within the open what usually takes place in workplace convention rooms: Schmoozing, gross sales, hiring, and even acquisitions.
Coming into the foyer of the Fontainebleau lodge jogged my memory of strolling onto a buying and selling ground within the Nineties: a frenetic wall of sound hits you as quickly because the door opens; the power is overwhelming. (My aim is to keep away from shedding my voice over the din). For those who’ve by no means skilled a stay buying and selling ground from that period, watch the pit buying and selling scene within the final 20 minutes of Buying and selling Locations; it’s not likely a lot of an exaggeration.
This convention was created by Advisor Circle, which is identical group we work with producing FutureProof. (Plenty of this occasion was additionally exterior). They’ve handed off this convention to Vetta Fi, and Dave Nadig did an incredible making a enjoyable and informative run of content material. (I liked watching his gushing fan boi interview over skateboard legend, Rodney Mullen).
Alternate is a really totally different viewers than FutureProof, with some overlap; this occasion makes me very jazzed for what we’re placing collectively for our September 2023 occasion.
Some highlights over the previous few days:
Tremendous intesting dialogue on the place are at present from @CameronDawson @StocktonKatie @LizYoungStrat
Reasonable expectations for 2023 pic.twitter.com/JwOj1Ycfz2
— Barry Ritholtz (@ritholtz) February 7, 2023
“We now have $350b in advisory property, which can develop at 20-25% a yr. We need to be the Vanguard of funds and the Vanguard of recommendation. Engine 1 and Engine 2” – Vanguard CEO Tim Buckley on disrupting the $26T wealth mgmt trade w/ @ritholtz #EchangeETF pic.twitter.com/wn3LV1UYd8
— Eric Balchunas (@EricBalchunas) February 7, 2023
Look who we ran into at #ExchangeMiami🌴👋 It was nice seeing ya @michaelbatnick! pic.twitter.com/eSSHmcYHl2
— YCharts (@ycharts) February 7, 2023
Noticed: @BobPisani of @CNBC and CEO @JanvanEck3 😎 at what may be the very best interview setup at @exchangeETF 🌴☀️ pic.twitter.com/vVqASKn0N4
— VanEck (@vaneck_us) February 7, 2023
I liked watching @DaveNadig fan boi gush over skateboard legend, Rodney Mullen. pic.twitter.com/J8gkruCKPG
— Barry Ritholtz (@ritholtz) February 8, 2023
The bubbling @brianportnoy with some storytelling I’m injecting straight into my veins at @exchangeETF pic.twitter.com/eFqMlFgbuH
— Tom Morgan (@tom_morganKCP) February 7, 2023
Greetings from the pet lounge at #ExchangeETF pic.twitter.com/LSF5R9f3cV
— Eric Balchunas (@EricBalchunas) February 7, 2023
Dinner at Los Fuegos @FaenaMiami with @ritholtz @michaelbatnick @awealthofcs @biancoresearch @tom_morganKCP
The meals was nearly nearly as good because the dialog pic.twitter.com/eVtI8WTlLV
— Eric Golden 🍌🦇🔊 (@ericgoldenx) February 7, 2023
Pausing for a second to admire the moon over Miami forward of the @SusanGKomen #morethanpinkwalk at @exchangeETF.
Trying ahead to getting some steps in with the @MorningstarInc squad, who’s a proud sponsor of the trigger. pic.twitter.com/CEAAyQWzai
— Ben Johnson, CFA (@MstarBenJohnson) February 7, 2023
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