Separately Managed Accounts (SMAs):

Dominating Institutional Markets But Lagging in Financial Advisor Channels

Recently Released!!!
Date Published: September 21, 2023
Summary PowerPoint Deck: 125 Slides
Reference PowerPoint Deck: 467 Slides

The purpose of this research is to provide readers with a comprehensive understanding of separately managed accounts (SMAs), including their historical development phases, core market segments, markets & distribution channels, and future predictions. This research is incorporated into Tiburon's broader research on investable assets.

This research addresses the key phases of the emergence of separately managed accounts (SMAs), including:

  • Institutional Markets Phase
  • Financial Advisor Channels Phase
  • Maturation Phase
This research highlights the core product segments of separately managed accounts (SMAs), including:

  • Equities
  • Fixed Income
This research also outlines the key separately managed accounts markets & distribution channels, including:

  • Institutional Markets
  • High Net Worth Client Accounts
  • Separately Managed Account (SMA) Programs
This research concludes with several future predictions for separately managed accounts (SMAs), including:

  • Slow Growth in Separately Managed Accounts (SMAs)
  • Continuing Dominance of Separately Managed Accounts (SMAs) in Defined Benefit Plans and Endowments & Foundations
  • Growth in Indexed Separate Accounts
  • Evolving Role of Investment Consultants




















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