The purpose of this report is to provide readers with an initial understanding of the vast array of financial products & services, including investable asset products, lending products, insurance products, & wealth management services. This report offers cross-product comparisons and serves to summarize Tiburon’s views on dozens of financial products & services markets, including cash investments & bank savings products, individual securities & capital markets, mutual funds, separately managed accounts & other fee-account programs, ETFs & indexing, alternative investments, wealth management services, & family office services. This is the second draft of Tiburon’s research on this topic.

Tiburon’s first draft of this report was published in 2007; that draft consolidated prior Tiburon research into one report.

This is Tiburon’s second draft of this report; this draft includes a revised introduction and a revised synopsis, and also shifts the report in format to instead incorporate the executive summaries of all underlying Tiburon research reports, including new Tiburon reports on cash investments, individual securities, & 529 plans... More