Investment firm to launch ETF

Tech

Oct 1

Written By Staff

Chad Dutcher
Photo courtesy of NPF Investment Advisors

NPF Investment Advisors, a Grand Rapids-based independent registered investment advisor and financial planning firm, is launching the NPF Core Equity Exchange Traded Fund (ETF). The ETF is expected to begin trading on January 20, 2026.

NPF plans to utilize the ETF to employ a Section 351 "in-kind" conversion strategy for eligible investors, allowing them to transfer appreciated equities into an ETF structure without triggering immediate capital gains taxes.

The ETF is a solution for certain investors who face large, embedded gains, concentrated stock positions, or the limitations of traditional taxable stock accounts.

Under the Section 351 strategy, eligible investors may contribute appreciated stocks and ETFs in exchange for shares of the newly formed NPF Core Equity ETF, provided they meet specific concentration and diversification requirements. Because the transaction qualifies as a tax-free reorganization under Section 351, capital gains taxes are not recognized at the time of contribution. The ETF structure further offers ongoing tax efficiency, operational simplicity, and streamlined access to markets, delivering a modernized investment vehicle for taxable accounts.

"For decades, NPF has managed client portfolios of individual stocks, but that often leads to large and unpredictable capital gains taxes," said Chad Dutcher, Partner at NPF Investment Advisors. "Utilizing Section 351, we can contribute individual stocks and ETFs into a new ETF structure, preserving gains and delivering greater diversification and tax efficiency for investors."

For more information, visit www.npfinvest.com/etf.

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