Matt Dmytryszyn, CFA, Chief Investment Officer at Miracle Mile Advisors, joined Keith Black, Managing Director at RIA Channel, to discuss using ETFs for both traditional and alternative investments.
With $3.13 billion of its $4.89 billion in assets invested in ETFs as of March 2024, Miracle Mile Advisors is ranked in the RIA Channel Top 50 ETF Power Users List. The firm’s assets increased to $6.4 billion in AUM as of September 2024.
Asset growth comes from advisors having the tools to meet each client's specific needs. Holistic conversations include financial planning, estate planning, and charitable giving intentions. Provide strategies to solve concerns of clients, such as the tax liability of concentrated stock positions. Dmytryszyn notes the success of a firm is evaluated not only by AUM growth, but also by client and employee satisfaction.
As the CIO, Dmytryszyn focuses on asset allocation and investment strategies for clients. Many of the key objectives of clients, such as income, wealth preservation, and capital appreciation can be met through ETFs. When evaluating ETFs, Dmytryszyn searches for the fund that offers the best fee-efficient exposure to an asset class, whether it is large-cap equities or collateralized loan obligations (CLOs). He also considers trading liquidity and the exposures included within each ETF, ensuring the portfolio is not too concentrated in one sector or company. Dmytryszyn is interested in thematic ETFs as a way to capture both macro and industry trends, such as artificial intelligence, that benefit clients. Fixed-income ETFs are also offering more targeted exposures, such as specific maturities, bank loans, CLOs, or asset-backed securities (ABS). ETFs holding real assets, such as infrastructure, real estate, or commodities, can effectively bring alternative investment exposure to clients. Clients with smaller asset sizes or shorter time frames can access a private equity replication strategy through ETFs.
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