Tidal ETF Services slated to close out 2019 with 8 ETFs in its Trust
Firm Reaches $200 Million Assets Under Administration Milestone
CHICAGO/NEW YORK, October 22, 2019 – Tidal ETF Services LLC (“Tidal”), an innovative leading provider of ETF services, today announced it will have facilitated the development and launch of 8 ETFs within one year of establishing the Tidal ETF Trust (“Trust”). The firm also announced assets under administration (“AuA”) under its Trust have hit the US $200 million mark.
This achievement was reached purely through organic growth with clients including Advanced Research Investment Solutions (ARIS) which recently filed with the SEC for its first ETF; Aware Asset Management, an affiliate of a large insurance conglomerate, that launched an ultra-short low duration fixed income ETF targeting insurance companies in January 2019; and SoFi, a fintech firm that launched 4 equity ETFs created to appeal to millennials.
We believe the interest in launching ETFs continues to grow and gain momentum in the US, driven by the new SEC ruling that removes some of the barriers to entry as well as investors’ increasing usage of these investment products.
“Our research arm tracks ETF industry Key Performance Indicators (KPIs) weekly, and we see now a big window of opportunity for institutions interested in launching an ETF. There’s also continued demand for asset managers seeking help with marketing, sales and distribution of their existing ETFs, which is also a big part of our business model,” said Eric Falkeis, Chief Executive Officer of Tidal. “Our ability to deliver the right solutions that support our clients’ business objectives and also meet the needs of investors has been a critical part of our success story. The products in our portfolio* are as diverse as our team, and we’re proud of that.”
Staying at the forefront of industry developments has been the driver of Tidal’s expanding internal talent, selecting best-in-class partners, and building out a comprehensive suite of services – all with a strategic view to guide clients through the ETF development, management and marketing process. Tidal offers a ﬂexible approach. Clients have the option to select one or multiple service packages or to advance through their program sequentially. Tidal’s services are designed to offer stability and growth in a rapidly changing environment.
Mr. Falkeis concluded, “As competition in the industry increases, we stand out by being direct and transparent when we partner with clients to develop and grow products that best match their mission and values, as well as best meet their investors’ specific needs.”
*In addition to Trust Services, Tidal provides robust consulting services to some of the more successful firms in the ETF space such as: Robo Global, EMQQ, AGFiQ, and Davis Advisors.
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ABOUT TIDAL ETF SERVICES
Formed by ETF industry pioneers and thought leaders, who have collectively launched hundreds of ETFs, Tidal ETF Services LLC sets out to modernize the way ETFs have historically been developed, launched, marketed and sold. With a focus on helping ETF issuers and asset managers, Tidal offers a comprehensive suite of services, proprietary tools, and methodologies designed to bring lasting ideas to market and place them on a trajectory of steady growth. As advocates for ETF innovation, Tidal partners with clients who share their vision to provide investors with access to the most interesting and viable ETFs available today.
This release is being made available for informational purposes only and should not be used for any other purpose. The information contained herein does not constitute and should not be construed as an offering of advisory services or an offer to sell or solicitation to buy any securities or related financial instruments in any jurisdiction. Investments in ETFs involve risk. Some investment products have more risk than others. Please read each prospectus for specific details regarding the ETF’s risk profile.
Certain information contained herein concerning economic trends and performance is based on or derived from information provided by independent third-party sources. Tidal believes that the sources from which such information has been obtained are reliable; however, it cannot guarantee the accuracy of such information and has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based.