Eric Balchunas
👤 SpeakerAppearances Over Time
Podcast Appearances
There's a difference between an RIA getting to $10 billion versus an ETF getting to $10 billion.
Oh, yeah.
Because the RIA, even if they're giving horrible advice, it does not have the potential to go to $5 billion.
An ETF that can happen in a week.
One allocator says, you know what?
We're switching from this fund to that fund.
Yeah.
It's not, these things are not equivalent.
Because it's a mirage.
It's not like AUM, like, oh, we raised this money client by client.
So some of these products come out and they're- But finish that thought, finish that thought though.
an investment firm that goes from 30 billion to 7 billion.
Yeah.
It's like the Titanic.
Yeah.
That's the difference between ETF, AUM.
A hundred percent.
Almost no matter what.
It's really remarkable.
Yeah.