Converting SMA Assets into an ETF Through a 351 Exchange

Converting SMA assets into an ETF doesn’t have to be complex. This guide outlines the essential steps for achieving a smooth, tax-efficient, in-kind transition under Section 351.

• How to secure client consent for a 351 conversion.

• Recordkeeping and custodial coordination to ensure accuracy.

• AUM thresholds and portfolio alignment required for ETF readiness.

Unlock a more scalable and efficient portfolio structure.