As the exchange traded fund business matures, some companies are offering services to help smaller investment-management firms bring ETFs to the market.

FaithShares is closing up shop after its ETFs based on Christian values failed to attract significant interest. However, the firm is trying to reinvent itself under a new name, Exchange Traded Concepts.

The company says its new platform lets investment managers, independent advisors and others launch an ETF for their strategy in as little as 75 days, according to a press release. [ETFs Seen Hitting $2 Trillion by 2015.]

β€œIt currently takes between 12 and 36 months to receive the necessary regulatory approvals to establish a new ETF family. First mover advantage in ETFs has proven critical in capturing market share, and this loss of time could represent the difference between a successful launch and a missed opportunity,” said J. Garrett Stevens, CEO of Exchange Traded Concepts.

Another firm, Forum Funds, is exploring similar opportunities in ETF manufacturing services, reports Jackie Noblett for Ignites.

Tisha Guerrero contributed to this article.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.