--- FEBRUARY 4, 2005 ---

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Tiburon is pleased to announce the addition of ten new leading industry executives to its Financial Advisor Roundtable and Consulting Fellows programs. The new members include Tim Armour from Morningstar, Larry Roth from Berkshire Capital Securities, and Paul Schaeffer from SEI Investments, and they join existing Tiburon fellows such as Julie Allecta from Paul Hastings, Dennis Clark from Advisor Partners, and Kevin Malone from Greenrock Research. Tiburon's three executive programs include its CEOs-in-Residence, Financial Advisor Roundtable, and Consulting Fellows programs, all of which are intended to help the firm add more value to its clients. This release introduces the new members, provides an overview of Tiburon's executive programs, and hints at things to come

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	Tiburon Managing Principal Chip Roame launched the firm's executive programs in 2000

Tiburon Strategic Advisors, a market research & strategy consulting firm serving the brokerage and investment management industry, is pleased to announce the addition of ten new financial services industry executives to its financial advisor roundtable and consulting fellows programs. With these additions, Tiburon's executive programs now have twenty-one members. Tiburon's Managing Principal Chip Roame summed up the additions as follows, "Tiburon desires to stay focused on its core market research & strategy consulting services, but the firm's 250 clients have other needs. The development of the firm's consulting fellows and financial advisor roundtable programs is one of Tiburon's efforts to bring these resources to Tiburon clients."

Tiburon and its executive program members collectively host the Semi-Annual Tiburon CEO Summits, which have become the leading executive-level conference in the industry. According to new consulting fellow Scott MacKillop from US Fiduciary Services, "Tiburon has created a forum for discussions and learning that will have a significant impact on the future of the financial services industry. I look forward to contributing my perspectives to those discussions and to being enriched by exposure to the views of other industry innovators and thought leaders."

Tiburon Executive Programs Objectives

	Tiburon executive program members and friends gather for a group picture at Tiburon's Fifth Semi-Annual CEO Summit in Tiburon, CA

Beginning in 2000, Tiburon established three executive programs called CEOs-in-Residence, Financial Advisor Roundtable, and Consulting Fellows to add additional executive-level input to its research and consulting projects for its executive-level clients:

• Tiburon's CEOs-in-Residence are former CEOs of financial services companies; many of them are retired Tiburon clients. These executives are extremely helpful in bringing additional senior level insights to Tiburon's clients and introducing new clients to Tiburon
• Tiburon's Financial Advisor Roundtable is made up of practicing financial advisors who have a strategic view of the industry and seek to add value to Tiburon's clients. These advisors are particularly useful in distribution projects for mutual funds and other product companies
• Tiburon's Consulting Fellows are other industry consultants who have a particular expertise that can be helpful to Tiburon clients. Tiburon has worked extensively with all of its Fellows and can involve them in any Tiburon project; many can play critical roles in the implementation phases of Tiburon's strategic consulting projects

All Tiburon executive program members have access to Tiburon's research and can be included in any Tiburon project. Others deliver speeches leveraging Tiburon's content. Simply the gathering of these industry minds leads to learnings and useful networking for Tiburon clients. Consulting fellow Barry Mendelson from Capital Markets Consultants said, "Tiburon's Executive Programs bring some of the finest minds in the financial services industry together." This gathering is central to the ability to create value added services.

Tiburon Executive Programs Member Additions

Each of the new members brings a unique perspective to the program, assisting Tiburon in providing its clients with a range of services and insights.

Tim Armour from Morningstar was recently added to Tiburon's consulting fellows program

Tim Armour (Morningstar), Larry Cohen (SRI Consulting), Dan Kreuter (DAK Associates), Ron LoVetri (Integrated Decision Systems), Scott MacKillop (US Fiduciary), Bob Padgette (Klein Decision Systems), Larry Roth (Berkshire Capital Securities), Paul Schaeffer (SEI Investments), and David Smith (CFPN/Financial Advisor Magazine) have been added to Tiburon's consulting fellows program. They joined existing members Julie Allecta (Paul, Hastings, Janofsky, & Walker), Jim Atkinson (Orbis Marketing), Dennis Clark (Advisors Partners), Kevin Malone (Greenrock Research), Lori Medlen (Financial Research Associates), Barry Mendelson (Capital Markets Consultants), Peter Shannahan (Shannahan & Company), and Mitch Vigeveno (Turning Point).

These new members offer Tiburon clients access to their expertise in various areas including consumer demographics, mutual fund company performance evaluations, managed accounts industry strategies, marketing & media relations strategies, technology strategies, back office & custody strategies, and mergers & acquisitions services. Click here to read the biographies and access contact information for the new and existing Tiburon consulting fellows.

Kirk Michie (Osborne Partners) was added to Tiburon's financial advisor roundtable program. He joined existing members Tif Joyce (Joyce Financial Management), Joe Kiely (Kiely Financial Services), and Tom Lydon (Global Trends Investments). Click here to read the biographies and access contact information for the new and existing Tiburon financial advisor roundtable members.

Tiburon's executive programs now consist of twenty-one executive members. Click the links below to read the biographies and access contact information for all of Tiburon's executive program members:

Julie Allecta Tim Armour Jim Atkinson Dennis Clark Larry Cohen Tif Joyce Joe Kiely

Dan Kreuter Ron LoVetri Tom Lydon Scott MacKillop Kevin Malone Lori Medlen Barry Mendelson

Kirk Michie Bob Padgette Larry Roth Paul Schaeffer Peter Shannahan David Smith Mitch Vigeveno

	Tiburon consulting fellow Julie Allecta from Paul Hastings presents at Tiburon's Sixth Semi-Annual CEO Summit in San Francisco, CA

Tiburon financial advisor roundtable member Tom Lydon from Global Trends commented that, "this is the most impressive gathering of industry talent. The fact that all members meet four times per year allows us to understand each other's businesses and work together to satisfy client needs."

Tiburon Executive Programs In Action

The members of Tiburon's executive programs are constantly thinking of new ways to offer valuable client services. The group's activities include hosting Tiburon's upcoming Eighth Semi-Annual CEO Summit. New consulting fellow Larry Roth from Berkshire Capital Securities noted that, "this is an excellent opportunity to share industry knowledge and explore new ideas. A reflection of this success will be the value created for our collective firms' clients." Other interesting developments will be announced soon. Stay tuned!