What's the Alternative? To Be or Not to Be Liquid (in Real Estate) Featuring Phil Bak
Welcome to Banrion Capital Management’s What’s the Alternative Podcast! Join host Shana Orczyk Sissel, the “Queen of Alternatives” Founder & CEO of Banrion Capital Management, as she interviews leaders in the alternative investment space. Learn more about their firms, their passions and about the many different ways investors can use alternative investments to add value in their investment portfolios. In this episode Shana sits down with Phil Bak, CEO of Armada ETFs, REIT-specialty asset manager that delivers customized solutions to REIT investors through ETFs, SMAs, and access to proprietary AI and machine learning REIT valuation models. Phil has been innovating in the ETF industry for over 15 years. He has previously served as Founder/CEO of Exponential ETFs, an ETF issuer and sub-advisor acquired by Tidal ETF Services in 2020. Phil has also served as Chief Investment Officer at Signal Advisors, a venture-backed startup in Detroit and Managing Director at the New York Stock Exchange where he worked on market structure enhancements, ETF listing rule changes, market maker incentive programs, and helping with asset managers launch ETFs. Prior to that Phil held product development roles where he developed and launched the first ever mixed-asset ETF, the first ever carbon-credit ETF, and patented the use of a controlled foreign corporation inside a ’33 act ETP. Phil is also a Board Advisor of Civex, a startup platform bringing investor advocacy to retail investors, and Principal of Exponential Indexes. Phil is a graduate of Yeshiva University, is a Chartered Alternative Investment Analyst (CAIA), host of two podcasts (The ETF Experience and the Phil Bak Podcast), and an author who has been published on Yahoo Finance, TheStreet, Think Advisor, Seeking Alpha and regularly on Substack. Phil has been featured in top-tier media outlets such as the Wall Street Journal, Bloomberg, CNBC and Financial Times.