Tiburon: Investable assets to hit $80T by 2017

Investable assets market firms will be chasing an $80 trillion market by 2017, according to a new report.

Tiburon Strategic Advisors, Tiburon, Calif., published this in a summary of results from its survey, “State of the Financial Products and Services Businesses: Deleveraging, Increasing Investable Asset Options, and Growing Insurance Demand.” The March 2013 report is part of Tiburon’s Financial Institutions Research Series.

The report discloses that investable assets market firms have gathered $63.1 trillion assets under management, up 30% since 2004 but down from its peak of $69.4 trillion in 2007. Mutual funds assets under management total $13.0 trillion, including $11.6 trillion in open-end mutual funds. Open-end mutual funds have gathered $11.6 trillion assets under management, up 300% since 1995 but down from its peak of $12.0 trillion in 2007

Closed-end mutual funds have gathered $239 billion assets under management, up over 50% since 1995 but off its peak of $312 billion in 2007

Unit investment trusts, the report adds, have gathered $60 billion assets under management, down 20% since 1995. The ETFs and indexing product market has gathered $5.1 trillion assets under management, including $3.0 trillion in indexed separate accounts

Exchange traded funds have net flows of $185 billion, up 500% since 2001, and above their prior peak of $177 billion in 2008. The report also pegs global hedge funds at more than $3.0 trillion, the total including U.S. hedge funds, managed futures funds, hedge fund mutual funds, and non-U.S. hedge funds.

Among the report’s additional findings:

Nearly one-quarter of all financial advisors plan to offer wealth management services to their clients in the next twelve months.

Consumer household personal assets declined $1.2 trillion or 5% since 2006 to $25.6 trillion.

The number of insured households will increase to 305 million by 2012.