FYI: State Street, which sold the first exchange-traded fund in 1993, is falling flat in its bid to win back market share in the ETF industry by wooing advisers to retail investors, with many advisers saying the bank doesn't do enough to support them.
State Street, which lost its long-time No. 2 spot among ETF providers in the first quarter to Vanguard Group, does less than its competitors in giving them the data, investment tools, and ideas they need to improve their wealth management practices, several advisers to the fast-growing retail ETF market said.
Regards,
Ted
http://www.reuters.com/article/2015/04/22/us-statestreet-etf-marketshare-analysis-idUSKBN0ND1UO20150422
