How might the ETF market evolve?

As spectators of the ETF industry have looked to the US to understand how the European ETF market mi...

As spectators of the ETF industry have looked to the US to understand how the European ETF market might evolve, there is a key component (among others) that can explain why the US ETF market is bigger and more evenly distributed between retail and institutional investors. This key component relates to the fiduciary advice model that has developed in the US, resulting in a more professional, diversified operation. The main aspect of this is a transparent, fee-based advice industry where each party's value proposition is clear to see. This has attracted more consumers to financial advisers,...