*******************************************************************************

Tiburon CEO Summit XIV

Tiburon Strategic Advisors, a market research & strategy consulting firm serving a wide variety of financial institutions and investment managers, hosts a series of client-only CEO conferences called the Tiburon CEO Summits. The next CEO Summit will be held April 10-11, 2008 at the Ritz Carlton Hotel in New York, NY. Along with seven other speakers (to be announced in future research releases), and Tiburon's managing principal Chip Roame, Tiburon is pleased to announce that two leading discount brokerage executives Walt Bettinger (President, The Charles Schwab Corporation) and Joe Moglia (CEO, TD Ameritrade, TD Bank Financial Group) will be sharing their views on the industry with attendees.

Walt Bettinger (President, The Charles Schwab Corporation)

Walt Bettinger is President of The Charles Schwab Corporation and oversees the strategy, development, & delivery of a full range of brokerage, investment, & banking services to Schwab's primary business units, including Schwab Investor Services, Schwab Institutional, Schwab Corporate & Retirement Services, and Schwab Investor Development. He leads the company's domestic and international field branch network with primary offices in more than 300 locations and also has ultimate responsibility for client service centers in Orlando, Cleveland, Indianapolis, Denver, Phoenix, Austin, Reno, & San Francisco. He also has responsibility for support services, including all operations and technology capabilities within the firm, supporting 7.0 million client brokerage accounts, 5,000 independent financial advisors, and thousands of corporate retirement plans, representing $1.5 trillion in client assets.

Prior to assuming his current role, Mr. Bettinger served as executive vice president of The Charles Schwab Corporation and president of Schwab Investor Services. In addition, he has held the roles of chief operating officer, Individual Investor enterprise; president, Schwab Corporate Services; president, Schwab Retirement Plan Services; and chairman, president, and CEO of The Charles Schwab Trust Company.

Prior to joining The Charles Schwab Corporation, Mr. Bettinger founded The Hampton Company in 1983. In 1995, the Charles Schwab Corporation acquired Hampton, which had grown into one of the largest independent retirement plan service providers in the Midwest. Mr. Bettinger also serves on the board of directors & executive committee for the National Defined Contribution Council (NDCC), the Executive Advisory Board of the Ohio University College of Business, as Chairman of the Walter Bettinger II Charitable Foundation, and is a Member of the American Society of Pension Actuaries.

Mr. Bettinger will address the dramatic evolution around the responsibility of making financial decisions transferring from large institutions to individuals and the implications for the industry. More specifically, what are the responsibilities within the industry to help individuals. Mr. Bettinger will be introduced by Chip Roame (Managing Principal, Tiburon Strategic Advisors). The Charles Schwab Corporation has engaged Tiburon for a handful of projects and is a subscriber to Tiburon's Research Report Retainer service.

Joe Moglia (CEO, TD Ameritrade, TD Bank Financial Group)

Joe Moglia is CEO of TD Ameritrade, a role which he assumed in 2001. He subsequently has acquired numerous other discount brokerage firms and fought off a hostile takeover attempt by E*Trade, choosing instead to merge with TD Waterhouse in 2006. Today, TD Ameritrade operations include, retail & institutional. Mr. Moglia is responsible for TD Ameritrade's 150 branches, 6.3 million client accounts, over 300,000 daily trades, representing $300 billion in client assets,.

Prior to joining TD Ameritrade, Mr. Moglia served as senior vice president and head of the Investment Performance & Product Group for Merrill Lynch's Private Client division. He oversaw all investment products, as well as the firm's insurance and 401k businesses. Mr. Moglia joined Merrill Lynch in 1984 and, by 1988, was the company's top institutional sales person. In 1992 he became head of Global Fixed Income Institutional Sales and in 1995 became head of the firm's Municipal division before moving to its Private Client division in 1997.

Prior to entering the financial services industry, Mr. Moglia was the defensive coordinator for Dartmouth College's football team. He coached various teams for 16 years, authored a book on football, and wrote 11 articles that were published in national coaching journals. Mr. Moglia serves on the board of directors of Axa Financial and of its subsidiaries, The Equitable Life Assurance Society, MONY Life Insurance Company, & MONY Life Insurance Company of America.

Mr. Moglia will address the impact of several key industry trends, including the growth of discount brokerage, the emergence of independent financial advisors, and the importance of capturing IRA rollovers. Mr. Moglia will also address TD Ameritrade's commitment to improving technology and operations and enhancing customer service. He might also address potential industry consolidation. Mr. Moglia will be introduced by Chip Roame (Managing Principal, Tiburon Strategic Advisors). TD Ameritrade has engaged Tiburon for numerous conference speeches and is one of eleven sponsors of Tiburon CEO Summit XIV.

Tiburon Research Reports

Tiburon has created a series of research reports to help educate its clients in a low-cost way on a wide variety of topics in the brokerage, investments, private banking, and wealth management markets. Tiburon's research provides the foundation for identifying the CEO Summit's guest speakers, and these reports allow Tiburon clients to learn more about the topics addressed by CEO Summit XIV's nine guest speakers, and to anticipate discussion topics in its three break-out sessions. Tiburon's Online Financial Services Industry research reports are useful background to the likely comments by Mr. Bettinger & Mr. Moglia.

Tiburon Online Financial Services Industry Research Report:

Please click the image above to view the table of contents for Tiburon's Online Financial Services Industry research report

The purpose of this report is to provide readers with a comprehensive understanding of the online financial services industry, from online investing, to banking & bill pay, to mortgages, and to insurance. The catalyst of this report’s publication is simple: online financial services in 2006 are undergoing a renaissance. Online only offers thought to be dinosaurs of another time are springing up, including such online only banking behemoths as ING Direct. Apart from traditional facts & figures and the unique, overreaching strategic conclusions that make Tiburon reports uniquely just those on online investors, bankers, et al, this report will cover the cutting edge peripheral strategies of leading firms. Namely, this report addresses the leading online brokerage firms’ strategies on branch expansion, advisor custody & referrals, banking, and other businesses that have emerged as a crucial ingredient to the profitability formula of the revived industry. The report will begin by addressing the four phases of history in the online financial services industry. This historical account will be followed by an industry-by-industry account of the numbers, strategies, and economics of the leaders in each individual online financial service, with a heavy emphasis towards online investing. It will pit the dominant Big Five firms (The Charles Schwab Corporation, Fidelity Investments, TD Ameritrade, E*Trade, and Scottrade) against one another, and often against the other 45 or so firms that while relatively insignificant round out the competitive playing field. The report will conclude with Tiburon’s predictions for the future of the online financial services industry, which will present opportunity for online financial services competitors, full-service firms, and other interested parties within the industries that will need to understand the re-emergence of online firms. It will be Tiburon's third effort at putting its views of the past, present, and future of the online financial services industry into a single report.

Tiburon’s first draft of this report was written in 2000; that version focused primary on developing an organized structure for reviewing the online financial services industry and establishing profiles of the hundreds of complex online financial service companies.

Tiburon’s second draft of this report was written in 2006; that version updated many of the findings since the internet revolution faded.

This third draft of this report focused on tightening the storyline, coordinating it with findings from other Tiburon research reports, and adding substantial detail to a handful of appendix company profiles. The online financial services industry over the past six years has been drastically reconfigured. Due to forced consolidation, most notably in the online brokerage world, online financial services companies have gone about revamping their offers.

Additional Tiburon CEO Summit XIV Guest Speakers

In addition to Walt Bettinger and Joe Moglia, other guest speakers at Tiburon CEO Summit XIV will include Mike Byrum (President, Rydex Investments, Security Benefit Group), Joe Deitch (CEO, Commonwealth Financial Network), John Hailer (CEO, Natixis Global Advisors North America, Natixis, Banque Populaire Group & Caisse D'Epargne Group), John Murphy (CEO, Oppenheimer Funds, Mass Mutual Financial Group), Bob Pozen (Chairman, MFS Investment Management), Ron Ryan (CEO, Ryan ALM), & Michael Steinhardt (Chairman, Wisdom Tree Investments), and Tiburon's Managing Principal Chip Roame. These speakers will be addressed in future Tiburon research releases.

CEO Summit XIV Guest Speaker Mike Byrum (President, Rydex Investments, Security Benefit Group)

CEO Summit XIV Guest Speaker Joe Deitch (CEO, Commonwealth Financial Network)

CEO Summit XIV Guest Speaker John Hailer (CEO, Natixis Global Associates, North America, Natixis, Banque Populaire Group & Caisse D'Epargne Group)

CEO Summit XIV Guest Speaker John Murphy (CEO, Oppenheimer Funds, Mass Mutual Financial Group)

CEO Summit XIV Guest Speaker Bob Pozen (Chairman, MFS Investment Management)

CEO Summit XIV Guest Speaker Ron Ryan (CEO, Ryan ALM)

CEO Summit XIV Guest Speaker Michael Steinhardt (Chairman, Wisdom Tree Investments)

CEO Summit XIII Opening Keynote Speaker Chip Roame (Managing Principal, Tiburon Strategic Advisors)

2008-2009 Tiburon CEO Summits

Tiburon CEO Summit XIV is being held April 10-11, 2008 at the Ritz Carlton Hotel in New York, NY.

Tiburon will continue to hold semi-annual CEO Summits in the fall of 2008 and in 2009. Dates are October 14-15, 2008 (San Francisco, CA), April 9-10 2009 (New York, NY), and October 7-8, 2009 (San Francisco, CA). Fall 2008 speakers will include Keith Banks (President, Global Wealth & Investment Management, Bank of America Corporation), Bruce Bond (CEO, Power Shares, Invesco), Rich Brueckner (CEO, Pershing, The Bank of New York Mellon Corporation), Norm Malo (CEO, National Financial Services Corporation, Fidelity Investments), Joe Mansueto (CEO, Morningstar), Don Putnam (Managing Partner, Grail Partners), Michael Sapir (CEO, ProFund Advisors), and others to be announced soon. Spring 2009 speakers will include Jud Bergman (CEO, Envestnet Asset Management), Jessica Bibliowicz (CEO, National Financial Partners), Ken Fisher (CEO, Fisher Investments), Roger Ibbotson (CEO, Ibbotson Associates, Morningstar), and others to be announced soon.

Additional Information
Please click the links below for more information on Tiburon's CEO Summits and Research Reports:

Related Links

*******************************************************************************

Tiburon Strategic Advisors

Tiburon Strategic Advisors, based in Tiburon, CA, was formed in 1998 to offer market research & strategy consulting services to all types of financial institutions and investment managers:

  • The firm has served over 300 corporate clients and completed over 1,000 projects since its founding, and today, its knowledge base includes mutual fund distribution, separately managed account programs, alternative investments, wealth management, insurance products, banking services, the fee-only financial advisor market, the CPA firm market, the family office market, and various international markets.
  • Tiburon holds a series of CEO Summits semi-annually for its executive-level clients. The next CEO Summit is scheduled for April 10-11, 2008 at the Ritz Carlton Hotel in New York, NY. Fall 2008 and 2009 dates are October 14-15, 2008 (San Francisco, CA), April 9-10, 2009 (New York, NY), and October 7-8, 2009 (San Francisco, CA). Attendance is by invitation only and attendance at each Summit is limited to 100 senior industry executives. Visit the CEO Summits section of Tiburon's web site for details on current and past CEO Summits, including attendee lists, meeting agendas, and highlights. Please contact Tiburon's Managing Principal Chip Roame at CRoame@TiburonAdvisors.Com or (415) 789-2541 if you are a Tiburon client and have an interest in attending a future Tiburon CEO Summit.
  • Tiburon has published thirty-three ~300-400+ page research reports, which offer detailed analyses of growing business segments; each is available for $5,000; these reports can be ordered by contacting Sarah Sage at SSage@TiburonAdvisors.Com or (415) 789-2540.
  • Tiburon offers an annual research report retainer service, whereby dozens of clients receive all Tiburon reports published within a year for $25,000; clients can subscribe to Tiburon's 2008 Research Report Retainer by contacting Sarah Sage at SSage@TiburonAdvisors.Com or (415) 789-2540.
  • Tiburon also offers a database access program, whereby it shares its 300,000+ person industry executives contacts database with dozens of clients for $25,000 per year (distributed quarterly); clients can subscribe to Tiburon's Database Access Program by contacting Sarah Sage at SSage@TiburonAdvisors.Com or (415) 789-2540.
  • Tiburon offers thirteen online business benchmarking tools that are available to all types of financial advisors in an effort to help them benchmark their business practices and build more successful businesses. The sites include www.BrokerBestPractice.Com for wirehouse & regional brokers, www.FABestPractices.Com for fee-only financial advisors, www.IndependentRepBestPractices.Com for independent reps, and www.PrivateBankerBestPractices.Com for private bankers. Almost 5,000 advisors have used these tools. By completing one of the online surveys, financial advisors can access a FREE copy of the relevant comprehensive Tiburon research report, which summarizes and analyzes the collective results.
  • Tiburon's weekly research releases, like this one, are emailed for free to interested industry executives, media representatives, conference planners, and individual financial advisors. Over 55,000 industry executives now receive these releases. Feel free to sign up to receive future research releases at Tiburon's web site (www.TiburonAdvisors.Com) if this release was passed to you by a colleague and you would like to receive them directly in the future.
  • Tiburon plans to expand its workforce in 2008. Specifically, the firm plans to add either a chief consulting officer or two-to-three incremental principals (the most senior role at the firm) and several more research and marketing managers in 2008.
  • Tiburon has built three executive programs (CEOs-in-Residence, Financial Advisor Roundtable, and Consulting Fellows) in an effort to bring the experiences of additional senior level industry executives to Tiburon clients. Feel free to contact any of the members of Tiburon’s executive programs directly or ask that they be included in any ongoing Tiburon project.

    *******************************************************************************