Asset managers, are you exploring ways to enhance the tax efficiency and operational benefits of your client portfolios? Converting SMAs to ETFs under Section 351 could be the strategic move you need. Not only does this conversion offer tax advantages, but it also streamlines processes and expands distribution capabilities for your strategies. However, careful planning, client approvals, and coordination with custodians are essential for a successful transition. At Ultimus, we specialize in guiding asset managers through SMA to ETF conversions. Leverage our expertise and comprehensive ETF solutions to streamline the 351 process. Unlock new growth opportunities for your strategies and investors.