Core Insights - The introduction of lower minimum investment thresholds for 351 exchange ETFs is expected to attract more investors, with Alpha Architect announcing a new minimum of $150,000 for its upcoming US Equity 2 ETF [2][6] - The 351 exchange allows investors to transfer diversified stock holdings to certain ETFs without incurring capital gains taxes, which has garnered attention as a potential tax loophole [4] Investment Minimums - Alpha Architect's US Equity 2 ETF (AAEQ) will have a minimum investment of $150,000 for Schwab-custodied accounts, while Fidelity clients face a higher minimum of $5 million [2] - Cambria Investment Management has also indicated plans to lower investment minimums for its 351 exchange ETFs to as low as $100,000, potentially increasing participation [6] 351 Exchange Process - The 351 exchange process varies by custodian, with some custodians like Schwab facilitating quicker transfers compared to others, which may take longer [3] - Financial advisors are exploring the 351 exchange strategy for clients with complex portfolios, although the rules can be complicated [5] Market Activity - Alpha Architect's US Equity ETF (AAUS) has attracted nearly $500 million since its launch in July, while Cambria's Global EW ETF (GEW) raised $150 million before trading began in September [6]