In this episode, we chat with Ed Rosenberg, the Head of ETF and Funds Management at Texas Capital. The story begins with a chance meeting in New York City that turned into a memorable experience. Ed shares his journey and insights from nearly two decades in the ETF industry, offering a unique look into his role at Texas Capital.
Key Highlights:The Meeting in NYC: Avo and Jack share the serendipitous moment they met Ed in New York City, leading to a memorable experience and valuable feedback from their followers.
Background Check: Ed Rosenberg details his impressive 19-year career in the ETF industry, from Vanguard to American Century, and now Texas Capital, providing invaluable insights into his journey.
The Texas ETFs: Learn about Texas Capital’s unique ETFs, including the criteria for inclusion, sector weighting by the state’s GDP impact, and the distinct advantages of being headquartered in Texas.
Economic Cycles & Texas Advantage: A discussion on why Texas is better positioned to weather economic cycles, bolstered by recent unemployment data and the state’s business-friendly environment.
The Launch Event: A behind-the-scenes look at the NASDAQ event celebrating the launch of TXSS and the story behind the ringing of the bell.
Differentiating in the Market: Ed shares strategies on how Texas Capital differentiates itself in a crowded market, emphasizing the importance of service and unique product offerings.
ETF vs. Mutual Funds: A simplified explanation of the key differences between ETFs and mutual funds, highlighting the benefits and efficiencies of ETFs
Customer Service Excellence: How Texas Capital ensures top-notch customer service, making big companies feel approachable and client-focused.
Clarifications and Corrections 05:58 Clarification on Texas Tax Advantages In the video, the speakers says “there’s no state income tax on corporations and there’s no state income tax on the individuals either.” To clarify: Texas does not impose a state income tax on corporations or individuals. Instead, Texas has a franchise tax for businesses, which is a tax on the privilege of doing business in the state. Additional Resources Texas Comptroller’s Office: https://comptroller.texas.gov/taxes/f…
DISCLAIMER The information contained in this podcast and accompanying video is derived from sources believed to be reliable but is not guaranteed as to its accuracy and does not purport to be a complete analysis of the topics discussed. The content is for informational purposes only and should not be construed as investment, legal, or tax advice. Any opinions expressed are subject to change without notice and are solely those of the speakers. Avo Mavilian is an Investment Advisor Representative of Bayworth Capital, a registered investment advisor. The firm only conducts business in states where it is properly registered, or is excluded or exempted from registration requirements. Registration is not an endorsement of Mr. Mavilian or the firm by securities regulators and does not mean Mr. Mavilian has achieved a specific level of skill or ability. The content of this presentation should not be viewed as an offer to buy or sell securities or as personalized investment advice. Listeners should consult with a qualified professional before making any investment decisions. Neither the hosts, guests, nor any affilated companies make any representations or warranties as to the suitability, completeness, or accuracy of the information provided. Investing involves risks, including the potential loss of principal. The mention of any individual securities should not be construed as a recommendation to buy or sell that security. This podcast does not constitute an offer to sell or a solicitation of an offer to buy any securities or investment products. All investments carry risk, and past performance is not indicative of future results. By accessing this podcast, you acknowledge and agree to the terms of this disclaimer.
