Investment management firm makes its 13-year-old private fund available for all investors

PHILADELPHIA--(BUSINESS WIRE)--Feb. 12, 2025-- Elm Wealth, an independent investment management firm dedicated to intelligent and cost-effective wealth management, today announced the launch of its Elm Market Navigator (NYSE: ELM) exchange-traded fund (ETF). With roughly $362 million in assets, this is the most well-capitalized ETF launched this year.

ELM launched with a 0.26% gross expense ratio and a 2bps management fee waiver, reducing the net expense ratio to 0.24%—less than half the Morningstar Global Allocation category average (Morningstar US Fund Fee Study, 2024). Elm Wealth decided to launch its ETF now to take advantage of the recent drop in costs involved in listing and operating ETFs.

Before being listed on the New York Stock Exchange, ELM was a private fund initiated at Elm Wealth’s 2011 launch. The ETF follows Elm’s Dynamic Index Investing® strategy which emphasizes maximizing risk-adjusted returns through a globally diversified portfolio that evolves in response to changing market conditions.

"We believe a sound investing approach should be eyes-open and responsive to varying risks and return, which is why we created Dynamic Index Investing®," said Victor Haghani, founder of Elm Wealth. "By converting our private fund to an ETF, we're offering all investors a low-cost and tax-efficient way to systematically adjust their portfolio to market risks, interest rates, and evolving return opportunities."

Another aspect that makes Elm Wealth’s Dynamic Index Investing® strategy unique is that it is fully transparent and rules-based, allowing investors to follow along with regular changes in their asset allocation.

“We believe the comfort of knowing your portfolio responds to changing markets allows people to comfortably run a greater average exposure to equities than if they have to commit to a static, fixed asset allocation,” explains Elm Wealth’s Chief Executive Officer James White.

ELM’s portfolio of low-cost index ETFs starts with a baseline of 75 percent allocation in global equities and the remaining 25 percent in fixed income. The fund’s equity allocation and geographical exposure then change in line with alterations in the expected return and risk of the different asset classes.

Haghani, who was a managing director in Salomon Brothers’ famed bond arbitrage unit and a co-founder of the hedge fund LTCM, created Elm Wealth out of a desire for a wealth management solution that combined the best features of passive and active management to invest his family’s wealth. Later, Haghani co-wrote The Missing Billionaires: A Guide to Better Financial Decisions with White, who made stops along his career at Bank of America and Citadel.

ELM can be purchased through most brokerage firms, including, among others, Charles Schwab, E*Trade, Fidelity, Interactive Brokers, Robinhood, and SoFi. Jane Street will be the ELM ETF’s designated lead market maker.

For more information about ELM, contact Elm Partner and Chief Commercial Officer Jerry Bell at jerry@elmwealth.com.

About Elm Wealth

A Philadelphia-based independent investment firm, Elm Wealth was created as the solution to Founder Victor Haghani’s pursuit of a cost-effective and intelligent way to manage his family’s wealth. Elm Wealth manages more than $2 billion in assets for approximately 500 families as of 2/5/2025.

Disclosures:

Investing involves risk, including the loss of principal. Before you invest in the Elm ETFs, please refer to and carefully consider the summary or statutory prospectus for important information about the investment company, including investment objectives, risks, charges and expenses. This can be found free of charge on the fund’s website https:// www.elmfunds.com/ . You may also obtain a hard copy of the prospectus by calling 1-800-617-0004. The prospectus or summary prospectus should be read carefully before investing.

Because the Fund is a fund of funds, the Fund is subject to the risks associated with the Underlying Funds in which it invests. The principal risks of investing in the Fund and the Underlying Funds are summarized below.

Newer Adviser Risk. The Adviser has not previously served as an adviser to a registered investment company. As a result, there is no long-term track record of the Adviser serving as an adviser to a registered investment company against which an investor may judge the Adviser and it is possible the Adviser may not achieve the Fund’s intended investment objective.

Fund of Funds Risk. An investment in the Fund will be subject to substantially the same risks as those associated with the Underlying Funds in proportion to the Fund’s allocation to those Underlying Funds.

Foreign Investments and Emerging Markets Risk. Securities of non-U.S. issuers, including those located in foreign countries, may involve special risks caused by foreign political, social and economic factors, including exposure to currency fluctuations, less liquidity, less developed and less efficient trading markets, political instability and less developed legal and auditing standards. These risks are heightened for investments in issuers organized or operating in developing countries.

The Elm Market Navigator ETF is distributed by Quasar Distributors, LLC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250212751391/en/

Media:
Alexandra Zendrian
516-581-7202
allie@atozcommunicationspr.com

Source: Elm Wealth