Remove tag farm vehicles
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Transcript: Jenny Johnson, Franklin Templeton

Barry Ritholtz

Family members helped found the farm, have run it for a long time. And so you saw this shift from kind of fees embedded in say the mutual fund vehicle to being external on the client statement and so then advisors wanted things like ETFs and SMAs and other things because the client was seeing that they were paying their advisor every month.

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Transcript: Dave Nadig

Barry Ritholtz

And we literally talk about during the show, I got a tag to present to the SEC, about their new single stock product. And you know, they had this vision of understanding that ETFs, which at that point, were still largely institutional vehicles, early 2000s, right? It was because it was, like, holy crap, this was an ego farm.

Finance 108