Alan P. Goldberg

Partner

Experience

  • Stradley Ronon Advises Invesco in Launch of QQQ Equal Weight ETF

    Stradley Ronon represented Invesco Capital Management in the launch of the Invesco QQQ Equal Weight ETF (QEW on the Nasdaq), expanding Invesco’s QQQ Innovation Suite to 11 funds with approximately $456 billion in combined assets under management. The exchange-traded fund (ETF) tracks the Nasdaq-100 Equal Weighted Index, which provides investors with exposure to leading growth companies while reducing concentration in the largest holdings.

    Stradley Ronon previously represented Invesco Capital Management in a first-of-its-kind conversion of the $400 billion Invesco QQQ Trust, Series 1.

    Invesco Ltd. is one of the world's leading asset management firms with $2.2 trillion in assets under management as of December 31. Learn more in Invesco’s announcement.

    Alan P. Goldberg, Mark R. Greer, Claire Olivar, Eric S. Purple, Wesley Davis and Alexa Tzarnas
    Stradley Ronon Advises Invesco in Launch of QQQ Equal Weight ETF

  • Stradley Ronon Advises Invesco in Novel Conversion of $400B QQQ Trust to Open-End ETF

    Stradley Ronon represented Invesco Capital Management in a first-of-its-kind conversion of the $400 billion Invesco QQQ Trust, Series 1, from an exchange-traded fund (ETF) organized as a unit investment trust (UIT) to an ETF organized as an open-end management investment company.

    As a result of the December 22 conversion, shareholders of QQQ will be able to enjoy the benefits of a modernized structure and will benefit from a reduced total expense ratio, resulting in a 10% fee reduction for shareholders. In addition, Invesco will be able to earn a profit from its management of the fund for the first time. Under the Investment Company Act of 1940, sponsors of a UIT are prohibited from charging a UIT any fees that include an element of profit, and the conversion has removed that limitation.

    Invesco is an independent global investment firm managing $2.1 trillion in assets under management for both retail and institutional investors as of September 30.

    Learn more in Invesco’s announcement.

    Alan P. Goldberg, Mark R. Greer, Claire Olivar and Eric S. Purple
    Stradley Ronon Advises Invesco in Novel Conversion of $400B QQQ Trust to Open-End ETF

  • FIM Group Sold to Mercer Advisors

    Stradley Ronon represented Financial & Investment Management Group, a registered investment advisory firm that manages $600 million, in its sale to Mercer Advisors, a total wealth management firm that provides fee-only comprehensive investment management and financial planning.

    Alan P. Goldberg

Firm Highlights