The folks at a Southern California boutique are entering the ETF space with help from Tidal.

On Monday (March 10), the teams at Measured Risk Portfolios, Inc. [profile] and Tidal Investments LLC [profile] launched the MRP SynthEquity ETF (SNTH on the NYSE Arca). San Diego-based Measured Risk Portfolios serves as sponsor and subadvisor of SNTH, while Tidal Investments serves as investment advisor.

SNTH comes with an expense ratio of 95 basis points. As of yesterday (March 13), the new ETF had $5.84 million in AUM.

The new fund is powered by an options strategy and a U.S. Treasuries strategy. SNTH's PM team includes: Larry Kriesmer, co-founder of Measured Risk Portfolios; Ben McCaig, portfolio manager at Tidal; Christopher Mullen, PM at Tidal; and Bernard Surovsky, co-founder of Measured Risk Portfolios.

SNTH is an actively managed, non-diversified series of Tidal Trust III. The new ETF's other service providers include: ACA's Foreside Fund Services, LLC as distributor; Sullivan & Worcester LLP as counsel; Tait, Weller & Baker LLP as independent accounting firm; Tidal ETF Services, LLC as administrator; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as fund accountant and transfer agent; and U.S. Bank National Association as custodian. 

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