Traditional strongholds of wealth, such as New York and Los Angeles, are losing a segment of their HNWIs to other cities across the country and abroad.
Under the new partnership, ETFMG will distribute a series of thematic ETFs, including its cannabis fund, through TIFIN’s Magnifi, a natural-language-powered investment marketplace.
McKenna has been serving as interim CEO since March 2022, when former CEO Ed O’Brien accepted a new position as head of technology at Fidelity Institutional.