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Tiburon Research Reports
These ~300-400 page reports follow an easy-to-digest format while providing detailed facts and analysis that aid in the development of an understanding of leading product areas and market segments, including market histories, recent developments, leading firm rankings, and future predictions. Tiburon attempts to position its reports as reference documents, and not as short-term newsworthy editorials. While Tiburon has been repeatedly told that its research reports are worth much more, they are priced at just $5,000 each because Tiburon believes that the information should be shared widely and that sharing the research will lead to market research & strategy consulting projects over time. Reports are sent immediately as PDF documents electronically. Bound copies can be printed and mailed at a price of $10,000 each. Tiburon plans to continually update these reports and publish additional reports in the future; please let the firm know if there are topics that you desire to see covered. If you are interested in purchasing any of Tiburon's research reports, please click here to Order A Research Report online. To receive notification of Tiburon's latest research, please Sign Up To Receive Tiburon Research Releases. And for those clients needing more customization and two-way discussions, please see Tiburon's Market Seminars service and feel free to design a custom market seminar to suit your needs. Tiburon Research Report Access Program At the suggestion of numerous Tiburon clients, Tiburon created a client service allowing unlimited access to all of its research reports published in a calendar year for only $25,000. This service has helped dozens of Tiburon clients to consolidate their research needs & budgets. Tiburon's research report series is currently made up of 51 reports (with the potential of another 80+ coming soon as the firm aims to develop a family of 132 core research reports). In other words, Tiburon’s research report writing strategy is to ultimately write and continuously refine a family of 100 or more research reports covering every substantial financial services industry market segment so that the reports can then serve as a comprehensive library of financial services data, analysis, & opinions for Tiburon clients. We encourage you to utilize the Tiburon research library web page as your personal industry knowledge library. Presently, the firm is on a cycle to publish new reports every sixty days, so stay tuned for more. And we hope to have our comprehensive library built within a year or two. Tiburon (Outdated) Example Research Report In an effort to introduce industry executives to Tiburon's research reports, a free copy of the 2005 version of Tiburon's Future of Advice report is provided at the below link. This version is outdated but should still provide a sense of the quality of Tiburon research reports: Tiburon Signature Research Report & Other Research Report Topics Tiburon's signature research report is the 2009 version of The Future of Advice. A summary of this report, along with its table of contents, is provided at the below link... Tiburon's research report series is currently made up of 51 reports; summaries of each report, along with their table of contents, are provided at the links below. The paragraphs below provide overviews of each report and the printer symbol next to each report will access each report's detailed table of contents. Tiburon Research Process Readers should find Tiburon research reports to be both comprehensive and unbiased in their opinions. Tiburon is not a narrowly defined research firm and does not necessarily seek to earn substantial revenues selling research reports (all Tiburon reports are offered for sale at $5,000 each, which comes nowhere close to even covering the time invested). Instead, Tiburon conducts extremely detailed research to support critical, strategic consulting assignments for its financial services industry clients. As part of Tiburon’s traditional consulting efforts, before focusing on customized client analyses and to get thoroughly immersed in a business segment, Tiburon typically conducts more than a half-dozen research steps:
The core of all Tiburon research reports is the body of the report, typically offering some historical lessons, a thorough understanding of the current status of the topic, and a series of predictions for the future of the market. A typical Tiburon research report outline could have these sections:
Due to some client requests (and to add additional depth to its reports), Tiburon typically includes an appendix to each research report, whereby it incorporates profiles of leading firms (and service providers) in the defined market. These profiles will vary widely in depth & timeliness, as this research is conducted outside of the research report writing process. In other words, most Tiburon reports will be relatively comprehensive in their coverage of current events but may have some gaps in company profiles. Tiburon clients will necessarily have more in-depth profiles than non-clients. Tiburon updates its research reports periodically depending on the evolution of each market and the demand for such, so the firm welcomes readers to share any feedback, input, or ideas by email or mail. In accordance with Tiburon's traditional research process, future versions of Tiburon research reports will attempt to take their research further, including developing more detailed profiles of each firm and incorporating more opinions from other industry observers that can help further explain the conclusions. Tiburon Personal Consultations Policy Tiburon is unable to address follow-up questions as part of the price of purchasing Tiburon research reports. Tiburon necessarily had to create this policy to maintain fairness to its core clients as well as the purchasers of incremental reports under development. Simply said, because Tiburon offers its reports for sale at just $5,000, the firm is unable to keep research managers dedicated to individual topics. Hence, at the point in which research report purchasers may have questions, the research manager is likely conducting research on a far different topic. Repeatedly pulling research managers off client assignments and/or current research reports under development to look back at other reports would be both cumbersome and unfair to the clients and/or purchasers of the new reports, and Tiburon would necessarily need to increase the cost of its reports. That said, in response to numerous requests to engage in discussion & debate regarding various topics, Tiburon has developed a market seminar service whereby a Tiburon principal and the lead research manager on any Tiburon research report will present such report, answer questions, and brainstorm the implications of such in a half day visit with a client's executives. The price of a market seminar is $15,000 - $20,000 plus travel expenses. Hence a market seminar is intended to be the best Tiburon service for clients seeking both a written report and the opportunity to address questions to Tiburon executives. Please contact Sarah Sage at SSage@TiburonAdvisors.Com or 415-789-2540 to schedule a market seminar. Tiburon Sponsored Research Reports Numerous Tiburon clients have sponsored research reports ($35,000), which entitles them to widely distribute the reports to their own institutional clients, non-captive financial advisors, or end-clients. Tiburon also retains the rights to offer these reports for sale. Tiburon Research Report Refund Policy Periodically (far less than 1% of the time after thousands of purchases), Tiburon research report purchasers have sought refunds, which has caused hardship and wasted time for Tiburon, hence the following policy now exists for all Tiburon research report purchases. Tiburon is unable to make any financial refunds for reports. Both fulfilling reports and processing refunds take up Tiburon time, and given that the reports are written as a low cost accommodation service, Tiburon needs to manage its time well, prioritizing market research & strategy consulting clients. Furthermore, given that research reports are delivered via the web, returns are impractical. If it helps, Tiburon will attempt to send replacement reports (either the next version of the same report or another report all together) as long as invoices are paid promptly under the terms of the original order (net 30 days). That said, please observe three suggestions before ordering any Tiburon research report:
Tiburon Signature Research Report The Future of Advice: Defining the Winning Product, Channel, & Tactical Strategies RECENTLY RELEASED!!! BEST SELLER!!!
Date Published: May 2009 The purpose of this report is to provide readers with a comprehensive understanding of the future of the brokerage, investments, private banking, & wealth management markets. In short, this report defines the future of advice. The report begins by addressing the key driving factors of current events, consumer wealth, & institutional markets. The report then outlines five keys for product delivery in the future - fee-accounts, ETFs & indexing, alternative investments, wealth management services, & family office services, and predicts the winning markets & distribution channels (namely discount brokers and fee-based financial advisors). The report also addresses five winning tactics, including defining target markets, developing sales & marketing strategies, developing appropriate staffing & compensation models, developing winning firm cultures, and leveraging technology. And the report concludes with some predictions on key strategic issues in the financial services industry, including venture capital, private equity, and mergers & acquisitions opportunities. This is the second draft of Tiburon’s research on this topic. Tiburon’s first draft of this report was published in 2005; that draft consolidated prior Tiburon research into one report by pulling a select number of slides from each underlying Tiburon research report. This is Tiburon’s second draft of this report; this draft brings the report into better alignment with Tiburon’s overall views on the future of advice, including chapters addressing the key driving factors, product & service trends, markets & distribution trends, tactical issue trends, & strategic conclusions. This draft also shifts the report in format to instead incorporate the executive summaries of all underlying Tiburon research reports. Written by Tiburon Managing Principal Chip Roame & Research Associate Oliver Chang. Key Driving Factors Reports Key Driving Factors: Defining the Role of Consumer Wealth, the Institutional Markets, & Current Events in the Future of Advice RECENTLY RELEASED!!!
Date Published: January 2009 The purpose of this report is to provide readers with an initial understanding of the key driving factors within the financial services industry, including consumer wealth, the institutional markets, & current events. This report serves to consolidate the highlights of those three Tiburon research reports, including both historical insights and future predictions. This is the second draft of Tiburon’s research on this topic. Tiburon’s first draft of this report was published in 2008; that draft consolidated prior Tiburon research into one report. Tiburon’s second draft of this report was published in 2009; that draft included updates to the underlying consumer wealth & institutional markets research reports, and added a chapter on Tiburon’s new current events research report. That draft also shifted the report in format to instead incorporate the executive summaries of all underlying Tiburon research reports. Written by Tiburon Managing Principal Chip Roame & Research Associate Travis Biziorek (Oliver Chang). Consumer Wealth, Liquidation, & the Retirement Income Challenge: The Impact of the Credit Crisis & the Decline in Home Equity RECENTLY RELEASED!!! BEST SELLER!!!
Date Published: July 2008 The purpose of this report is to provide readers with a comprehensive understanding of the vast amount of consumer wealth, the perceived baby boomer savings crisis (or retirement income challenge), and baby boomers’ likely pending liquidation. The report outlines the numbers of consumers & consumer households, summarizes their financial concerns & savings goals, and analyzes the case made for baby boomers’ perceived savings crisis, including the decline in pension plans, the challenges of Social Security & Medicare, and the low consumer savings rate. The report also addresses the key pending liquidation, whereby baby boomers will likely roll over retirement plan balances, cash in stock options & restricted shares, downsize houses, and sell private businesses. This is the fourth third of Tiburon’s research on this topic. Tiburon’s first draft of this report was published in 2005; that draft consolidated prior Tiburon research into one report and was combined with Tiburon’s financial advisor sales & marketing research report. It outlined the number of consumers, their wealth, potential target markets, and sales & marketing strategies. Tiburon’s second draft of this report was published in 2007; that draft was unbundled from Tiburon’s equally good financial advisor sales & marketing research report. That version also updated all of the consumer wealth data using the first quarter 2007 Federal Reserve Flow of Funds report and outlined Tiburon’s refined views on the perceived savings crisis and the pending liquidation. This is the third draft of this report; this draft updates all of the consumer wealth data using the fourth quarter 2007 Federal Reserve Flow of Funds report, tightens the storyline, incorporates substantially more specific analyses, and fleshes out the specific challenge posed by the decline in baby boomers’ home equity. Written by Tiburon Managing Principal Chip Roame & Research Associate Travis Biziorek (Oliver Chang). An Initial Overview of the Institutional Markets: Opportunities in Retirement Plans, Endowments & Foundations, & Other Markets RECENTLY RELEASED!!!
Date Published: September 2008 The purpose of this report is to provide readers with an initial understanding of the institutional markets, including defined benefit plans, defined contribution plans, endowments & foundations, corporate cash & treasury services, and sovereign wealth funds & other foreign investors. Along with the consumer markets and the international markets, the institutional markets are considered one of the major markets. This is the first draft of Tiburon’s research on this topic. This is Tiburon's first draft of this report; this draft consolidates prior Tiburon research into one report and positions the report to ultimately be unbundled into five separate reports on defined benefit plans, defined contribution plans, endowments & foundations, corporate cash & treasury services, and sovereign wealth funds & other foreign investors. Written by Tiburon Managing Principal Chip Roame & Research Associate Travis Biziorek (Oliver Chang). Current Events: Making Sense of the Impacts of Today's Market Events RECENTLY RELEASED!!!
Date Published: May 2009 The purpose of this report is to provide readers with an initial understanding of current events and their impact on the financial services industry, various products & channels, various markets & distribution channels, and specific financial services firms. The report addresses world political events, world disasters, the economy & stock market, corporate scandals, financial services industry stumbles, presidential & congressional elections, and the regulatory environment. This is the second draft of Tiburon’s research on this topic. Tiburon’s first draft of this report was published in 2008; that draft consolidated prior Tiburon research into one report. Because of the timing, that draft also included substantial details about the credit crisis and the 2008 presidential & congressional elections. This is Tiburon’s second draft of this report; this draft includes more details on the economic stimulus bill, the bank bailouts, other recent financial services industry stumbles (e.g., Bernie Madoff, Stanford Financial Group), and the new regulatory environment under President Obama. This draft also includes refined predictions and an initial appendix profiling the various federal & state governmental agencies that regulate the financial services industry. Written by Tiburon Managing Principal Chip Roame & Research Associate Oliver Chang. World Political Events: Impacts of the World's Political Issues
Date Published: TBD The purpose of this report is to provide readers with an initial understanding of the impacts of world political events on the financial services industry. Stay tuned for a more detailed summary of this upcoming research report! This will be Tiburon's first draft of this report; the goal will be to consolidate prior Tiburon research into one report. A preliminary draft of this research report was bundled into Tiburon's current events research report. Being written by Tiburon Managing Principal Chip Roame & Research Associate Oliver Chang. World Disasters: Impacts of the World's Disasters
Date Published: TBD The purpose of this report is to provide readers with an initial understanding of the impacts of world disasters on the financial services industry. Stay tuned for a more detailed summary of this upcoming research report! This will be Tiburon's first draft of this report; the goal will be to consolidate prior Tiburon research into one report. A preliminary draft of this research report was bundled into Tiburon's current events research report. Being written by Tiburon Managing Principal Chip Roame & Research Associate Oliver Chang.
Date Published: TBD The purpose of this report is to provide readers with an initial understanding of the impacts of the economy & markets on the financial services industry. Stay tuned for a more detailed summary of this upcoming research report! This will be Tiburon's first draft of this report; the goal will be to consolidate prior Tiburon research into one report. A preliminary draft of this research report was bundled into Tiburon's current events research report. Being written by Tiburon Managing Principal Chip Roame & Research Associate Oliver Chang. Corporate Scandals: Which Firms Won & Lost?
Date Published: TBD The purpose of this report is to provide readers with an initial understanding of the impacts of the numerous corporate scandals on the financial services industry. The early and mid 2000s have brought numerous corporate scandals. This report will reveal which companies stand to win and lose. Stay tuned for a more detailed summary of this upcoming research report! This will be Tiburon's first draft of this report; the goal will be to consolidate prior Tiburon research into one report. A preliminary draft of this research report was bundled into Tiburon's current events research report. Being written by Tiburon Managing Principal Chip Roame & Research Associate Oliver Chang. Financial Services Industry Stumbles: Which Firms Won & Lost?
Date Published: TBD The purpose of this report is to provide readers with an initial understanding of the impacts of the numerous financial services industry stumbles on specific firms. The early and mid 2000s have brought numerous financial services industry stumbles. From the stock analysts scandal to the mutual funds scandal, insurance scandal, hedge funds scandals, and now sub-prime mortgage crisis, this report will reveal which companies stand to win and lose. Stay tuned for a more detailed summary of this upcoming research report! This will be Tiburon's first draft of this report; the goal will be to consolidate prior Tiburon research into one report. A preliminary draft of this research report was bundled into Tiburon's current events research report. Being written by Tiburon Managing Principal Chip Roame & Research Associate Oliver Chang. Presidential & Congressional Elections: Implications of Democratic & Republican Wins
Date Published: TBD The purpose of this report is to provide readers with an initial understanding of the impacts of the presidential & congressional elections on the financial services industry. Stay tuned for a more detailed summary of this upcoming research report! This will be Tiburon's first draft of this report; the goal will be to consolidate prior Tiburon research into one report. A preliminary draft of this research report was bundled into Tiburon's current events research report. Being written by Tiburon Managing Principal Chip Roame & Research Associate Oliver Chang. Regulatory Environment: Where are we Headed?
Date Published: TBD The purpose of this report is to provide readers with an initial understanding of the impacts of regulatory issues on the financial services industry. Stay tuned for a more detailed summary of this upcoming research report! This will be Tiburon's first draft of this report; the goal will be to consolidate prior Tiburon research into one report. A preliminary draft of this research report was bundled into Tiburon's current events research report. Being written by Tiburon Managing Principal Chip Roame & Research Associate Oliver Chang. Product & Service Segment Reports State of the Investment & Wealth Management Products & Services Businesses RECENTLY RELEASED!!!
Date Published: March 2009 The purpose of this report is to provide readers with an initial understanding of the vast array of investment & wealth management products & services. This report offers cross-product comparisons and serves to summarize Tiburon’s views on various 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, and 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. Several of the underlying product & service industry reports (including mutual funds, separately managed accounts & other fee-account programs, ETFs & indexing, hedge funds, venture capital & private equity, real estate, other alternative investments, insurance products, and estate planning & charitable giving) had previously been published. That version of the report was intended to summarize those reports and offer some predictions across the product & services markets. Tiburon’s second draft of this report brought the report into alignment with the revised drafts of many of its underlying reports. That draft also shifted the report in format to instead incorporate the executive summaries of all underlying Tiburon research reports. Written by Tiburon Managing Principal Chip Roame & Research Associate Travis Biziorek (Madhu Subramanian). Cash Investments: A Profitable Niche Business?
Date Published: TBD The purpose of this report is to provide readers with an initial understanding of Tiburon's views of the cash investments business. Stay tuned for a more detailed summary of this upcoming research report! This will be Tiburon's first draft of this report; the goal will be to consolidate prior Tiburon research into one report. A preliminary draft of this research report was bundled into Tiburon's products & services research report. Being written by Tiburon Managing Principal Chip Roame & Research Associate Madhu Subramanian. Bank Deposits: The Old School But Still Profitable Business
Date Published: TBD The purpose of this report is to provide readers with an initial understanding of Tiburon's views of the cash investments business. Stay tuned for a more detailed summary of this upcoming research report! This will be Tiburon's first draft of this report; the goal will be to consolidate prior Tiburon research into one report. A preliminary draft of this research report was bundled into Tiburon's products & services research report. Being written by Tiburon Managing Principal Chip Roame & Research Associate Madhu Subramanian. Money Market Funds: A Product Under Threat
Date Published: TBD The purpose of this report is to provide readers with an initial understanding of Tiburon's views of the cash investments business. Stay tuned for a more detailed summary of this upcoming research report! This will be Tiburon's first draft of this report; the goal will be to consolidate prior Tiburon research into one report. A preliminary draft of this research report was bundled into Tiburon's products & services research report. Being written by Tiburon Managing Principal Chip Roame & Research Associate Madhu Subramanian.
Date Published: TBD The purpose of this report is to provide readers with an initial understanding of Tiburon's views of the individual securities & capital markets business. Stay tuned for a more detailed summary of this upcoming research report! This will be Tiburon's first draft of this report; the goal will be to consolidate prior Tiburon research into one report. A preliminary draft of this research report was bundled into Tiburon's products & services research report. Being written by Tiburon Managing Principal Chip Roame & Research Associate Madhu Subramanian.
Date Published: TBD The purpose of this report is to provide readers with an initial understanding of Tiburon's views of the individual securities & capital markets business. Stay tuned for a more detailed summary of this upcoming research report! This will be Tiburon's first draft of this report; the goal will be to consolidate prior Tiburon research into one report. A preliminary draft of this research report was bundled into Tiburon's products & services research report. Being written by Tiburon Managing Principal Chip Roame & Research Associate Madhu Subramanian.
Date Published: TBD The purpose of this report is to provide readers with an initial understanding of Tiburon's views of the individual securities & capital markets business. Stay tuned for a more detailed summary of this upcoming research report! This will be Tiburon's first draft of this report; the goal will be to consolidate prior Tiburon research into one report. A preliminary draft of this research report was bundled into Tiburon's products & services research report. Being written by Tiburon Managing Principal Chip Roame & Research Associate Madhu Subramanian. Fixed Income Capital Markets
Date Published: TBD The purpose of this report is to provide readers with an initial understanding of Tiburon's views of the individual securities & capital markets business. Stay tuned for a more detailed summary of this upcoming research report! This will be Tiburon's first draft of this report; the goal will be to consolidate prior Tiburon research into one report. A preliminary draft of this research report was bundled into Tiburon's products & services research report. Being written by Tiburon Managing Principal Chip Roame & Research Associate Madhu Subramanian. |
