Perspectives from Burke Wealth Management

Current Insights

FEATURED PERSPECTIVE

The material below relates to Burke Wealth Management’s Focused Growth separately managed account strategy. It does not relate to the BWM Quality Growth ETF.

INVESTMENT PHILOSOPHY

Advantages That Persist

The four characteristics we look for in a business — quality, structural disruption, network effects, and recurring revenue — and why we hold them long enough for earnings growth to compound.

By Ken Burke, CFA
EXPLORE BY TYPE
CURATED INTELLIGENCE

Latest Perspectives

Aug 2026

The Case for Data Center Returns

Whether the current scale of data center investment will earn its return, and where Amazon, Alphabet, and Meta sit in that debate.
Aug 2026

Palantir: The Harness Layer for the Agentic Age

Added to Focused Growth in August 2026. Palantir is the control layer enterprises need to run agentic workflows — model agnostic, data secure, and priced on usage rather than per seat.
May 2026

Delivering the Compute

What sits behind the data center capital expenditure boom, and the three holdings — NVIDIA, ASML, and Micron — positioned directly in front of the demand for compute.
Current Investor Letter

Second Quarter 2026

We cover the shift in the AI narrative, what renewed focus on corporate earnings means for our holdings, and where we added and trimmed during the quarter.

Insights & Commentary

Between the Quarters.

Mid-quarter updates we send to clients and prospects:

Thematic Update · August 2026

The Case for data center returns

Data center investment is running at a breakneck pace, and the investment community is divided on whether it will pay off. We lay out why we believe it will — and the three holdings at the center of the debate.

Thematic Update · May 2026

Delivering the Compute

Insatiable demand for compute has driven the AI revolution — and much of the second-quarter rally. We look at what’s behind the data center capex boom and the three holdings that supply it: Nvidia, ASML and Micron.

The investor letters

Investor Letter Archive.

2026

Fund Disclosures

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. This and other information is contained in the Fund’s prospectus, which may be obtained at bwmqualitygrowth.com. Please read the prospectus carefully before you invest.

Empowered Funds, LLC dba EA Advisers is the investment adviser to the BWM Quality Growth ETF. Burke Wealth Management LLC is the Fund’s investment sub-adviser and Fund Sponsor. PINE Distributors LLC serves as distributor of Creation Units for the Fund on an agency basis.

Investing involves risk, including possible loss of principal. There is no assurance the Fund will achieve its investment objective. The Fund is recently organized and has no operating history. The Fund is non-diversified and may hold a small number of securities, which may increase volatility. Performance information is not provided because the Fund has not been in operation for one full calendar year. Shares are not sponsored, endorsed or promoted by Cboe BZX Exchange, Inc.

Focused Growth is a separately managed account strategy of Burke Wealth Management LLC and is distinct from the BWM Quality Growth ETF. Investor letters, commentary and performance information relating to Focused Growth describe that strategy only. They are not the Fund’s results and do not indicate how the Fund will perform.

Advisory disclosures

Burke Wealth Management LLC is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. Past performance is not indicative of future results. The securities discussed on this page are not all of the securities held in the Focused Growth strategy and were selected to illustrate the investment characteristics described. It should not be assumed that an investment in any security identified was or will be profitable. A list of all holdings in the strategy over the past twelve months is available on request. Nothing on this page is a recommendation to buy or sell any security, or investment, tax or legal advice.

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