October 2023


Assessing the rapid pace of ETF adoption

Yie-Hsin Hung, State Street Global Advisors President and CEO meets with Robert Pettman, Executive Vice President of Wealth Management Solutions at LPL Financial, to unpack what key themes have emerged from the proliferation of ETFs in recent years.

LPL Financial is considered a pioneer in the financial advisory industry, servicing more than 22,000 advisors nationwide. The firm is committed to giving independence and freedom to advisors, allowing them to run their practice with a focus on individual client needs.

Pettman attributes the uptick in levels of ETF adoption to the brokerage-to-advisor macro shift that’s been occurring in the wealth management business. As a newer, younger generation of advisors facilitates this adoption, it also creates an opportunity for innovations in product development. These new and unique solutions will continue to keep pace as technology advancements in the industry evolve.

Celebrating 30 years of ETF innovation
2023 marks the 30th anniversary of the launch of the industry’s first US-listed exchange-traded fund. Co-created by State Street Global Advisors, the Standard & Poor’s Depositary Receipts ꟷ better known as the SPDR® S&P 500® ETF, or SPY ꟷ revolutionized index investing, liquidity, asset allocation, intermediary distribution, portfolio construction and overall market access.

Today, among the nearly 12,0001 ETFs in existence, SPY is the largest2, most liquid3 and most heavily traded4 ETF in the world. Our ETF@30 video series examines the past, present and future of ETFs ꟷ and their impact on the world’s financial markets and industries.


Our global ETF business is committed to delivering simple, well-crafted and innovative solutions that can help investors execute on investment strategies, no matter how complex.

Learn more

Stay updated

Please send me State Street’s latest Insights.