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 two other speakers (announced in prior research releases), Tiburon is pleased to announce Mike Byrum (President, Rydex Investments), Joe Deitch (CEO, Commonwealth Financial Network), John Hailer (CEO, Natixis Global Asset Management), John Murphy (CEO, Oppenheimer Funds), Bob Pozen (Chairman, MFS Investment Management), Ron Ryan (CEO, Ryan ALM), & Michael Steinhardt (Chairman, Wisdom Tree Investments), will join Walt Bettinger (President, The Charles Schwab Corporation) & Joe Moglia (CEO, TD Ameritrade, TD Bank Financial Group) and Tiburon's Managing Principal Chip Roame.

Mike Byrum (President, Rydex Investments)

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

Mike Byrum is President of Rydex Investments and oversees the portfolio management, research, and trading within the company. Mr. Byrum is also the chairman of the Rydex Investment Strategy Committee, which determines investment policy for all Rydex products. Mr. Byrum oversees all Rydex business lines, including mutual funds, exchange traded funds, the firms broker-dealer, Rydex Financial Services. In addition, he is instrumental in product development and management across the firm. Mr. Byrum leads the alternatives strategies development team at Rydex, which seeks to conceptualize and shape new alternative strategy products to maintain Rydex’s position as an industry innovator.

Mr. Byrum was part of the original Rydex investment team when the company was founded in 1993. He was the inaugural manager of many of the Rydex funds. Prior to joining Rydex Investments, Mr. Byrum served in a brokerage capacity with Money Management Associates, the registered investment advisor to Rushmore Funds. Mr. Byrum is a member of the CFA Institute and the CFA Society of Washington.

Mr. Byrum will address industry trends with regards to several product innovations, including exchange traded funds, leverage funds, and inverse funds. Mr. Byrum will also address target marketing in the financial services industry. Mr. Byrum will be introduced by Chip Roame (Managing Principal, Tiburon Strategic Advisors). Rydex Investments has engaged Tiburon for a handful of projects and is a subscriber to Tiburon's Research Report Retainer service.

Joe Deitch (CEO, Commonwealth Financial Network)

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

Joe Deitch is the CEO of Commonwealth Financial Network, which he founded in 1979 to create an open and supportive environment where professionals could be true to themselves (and to their clients), follow their dreams, and grow to their hearts content. Mr. Deitch has strived to maintain the original vision of providing indispensable service and cultivating a supportive environment where all affiliated professionals can thrive.

Prior to founding the Commonwealth Financial Network, Mr. Deitch worked with Mass Indemnity and New England Life. Mr. Deitch also founded the Cambridge Group in 1978 to provide sophisticated financial planning for affluent individuals.

Mr. Deitch has been featured in several industry magazines over the years and has spoken extensively to financial services professionals on topics of leadership, practice management, marketing, and strategic planning. In 2004, 2005, and 2006, he was recognized by Investment Advisor magazine as one of the 25 most influential people in the financial planning industry.

Mr. Deitch will address keys to successful management, specifically theory versus practice. Mr. Deitch will also address industry trends in the independent broker/dealer market. Mr. Deitch will be introduced by Chip Roame (Managing Principal, Tiburon Strategic Advisors). Commonwealth has engaged Tiburon for a handful of projects, numerous conference speeches, and is a subscriber to Tiburon's Research Report Retainer service.

John Hailer (CEO, Natixis Global Asset Management)

	CEO Summit XIV Guest Speaker John Hailer (CEO, Natixis Global Asset Management)

John Hailer is the CEO of Natixis Global Asset Management and is responsible for the overall strategic development of the firm’s investment management and distribution businesses. He manages the company’s assets and assists in building distribution architecture that provides access to the investment capabilities of the firm’s affiliated managers across a range of investment platforms. Under Mr. Hailer's leadership, IXIS Asset Management Advisors Group (the predecessor to Natixis Global Asset Management in the US) increased its assets under management by more than $70 billion from $7.4 billion to $77 billion and built a transparent distribution architecture that provides access to the investment capabilities of the firm’s affiliated managers across a range of investment platforms.

Prior to joining Natixis, Mr. Hailer was with Fidelity Investments Institutional Services Company, where he was responsible for new business development in North America and Latin America, directing product and marketing development for institutional channels. Prior to joining Fidelity, he was the director of retail business development for Putnam Investments.

Mr. Hailer currently serves on the Board of Trustees at Beloit College. He is also Chairman of the Board of Directors of The Home for Little Wanderers, the oldest continuous children's charity in the United States.

Mr. Hailer will address global opportunities through deeper partnerships and innovative products. He will also review the rethinking of business models with a look at organizing towards innovation. Mr. Hailer will be introduced by Tif Joyce (President, Joyce Financial Management). Natixis Global Asset Management has engaged Tiburon for numerous conference speeches and is a subscriber to Tiburon's Research Report Retainer service.

John Murphy (CEO, Oppenheimer Funds)

	CEO Summit XIV Guest Speaker John Murphy (CEO, Oppenheimer Funds)

John Murphy is the CEO of Oppenheimer Funds, a role he assumed in 2000, overseeing more than $260 billion across multiple investment strategies. Mr. Murphy is responsible for overseeing the growth of the company beyond traditional mutual funds, and expanding the company’s product and service offerings with the acquisitions provided by Tremont Capital Management. In addition, Mr. Murphy oversees the company’s attempt to bring hedge funds to retail investors. Mr. Murphy is also the President and a board member of the Oppenheimer Acquisition Corporation.

Prior to joining Oppenheimer Funds, Mr. Murphy led various businesses for Mass Mutual including its 401k, defined benefit, annuity, international, and trust businesses. His customer-centric philosophy and direct approach were instrumental in increasing sales by six times in less than four years. Mr. Murphy started his career with Arthur Andersen & Company before becoming one of the eight original founders of Liberty Financial Companies.

Mr. Murphy was a recipient of New York’s Governor’s Committee on Scholastic Achievement Man of the Year Award. Mr. Murphy is an avid supporter of the Oppenheimer Funds mentor program and the pursuit of higher education. Mr. Murphy was selected to serve on the Board of Directors for Project Rebirth, a non-profit organization dedicated to documenting the momentous rebuilding of the World Trade Center site and emotional recovery of people affected by 9/11. Mr. Murphy is also a member of the Board of Governors of the Investment Company Institute and serves as a delegate to the Financial Services Roundtable.

Mr. Murphy will address how a traditional mutual fund company competes in an increasingly global market. Mr. Murphy will be introduced by Chip Roame (Managing Principal, Tiburon Strategic Advisors). Oppenheimer Funds has engaged Tiburon for market seminars and is a subscriber to Tiburon's Research Report Retainer service.

Bob Pozen (Chairman, MFS Investment Management)

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

Bob Pozen is the chairman of MFS Investment Management established the first mutual fund in the US in 1924. Today, MFS Investment Management, a subsidiary of Sun Life Financial of Canada, has more than $169 billion in assets under management, offering a wide range of products and services to investors, including more than 70 mutual funds, fixed and variable annuities, separately managed accounts, & retirement plans to retail customers, institutional investors, & insurance offerings. The firm has 15 offices worldwide, 2,400 employees, and more than five million shareholders.

Prior to joining MFS Investment Management, Mr. Pozen was vice chairman of Fidelity Investments and president of Fidelity Management & Research Company. Mr. Pozen also brought his expertise from working in the banking & securities law and the financial industry to the White House Commission to strengthen social security. Mr. Pozen has also been a partner at the Washington, DC law firm of Caplin & Drysdale, where he led the banking and securities department. Mr. Pozen currently teaches graduate courses in law and business at Harvard University.

Mr. Pozen will address several issues surrounding sovereign wealth funds, including source & size of sovereign wealth funds, impact on capital markets, security & political concerns, disclosure/stability concerns, and protectionism & reciprocity. Mr. Pozen will be introduced by Chip Roame (Managing Principal, Tiburon Strategic Advisors).

Ron Ryan (CEO, Ryan ALM)

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

Ron Ryan is the CEO and founder of Ryan ALM, which is focused on solving asset/liability problems through a disciplined structured systems, including custom liability indexes, liability beta portfolio, & portable alpha (liability hedge fund). Mr. Ryan is responsible for overseeing and analyzing the Treasury’s and developing indexes specific to them. Mr. Ryan is the creator of the first daily fixed-income indexes; the Lehman US Treasury indexes.

Prior to founding Ryan ALM, Mr. Ryan served as director of research at Lehman Brothers where he designed the Lehman Aggregate, the Lehman Government/Corporate index as well as 60 other sector indices. Mr. Ryan also founded The Ryan Financial Strategy Group, which was dedicated to helping money managers outperform bond indices and understand complicated bond math. He also founded Ryan Labs, which was dedicated to solving problems through quantitative solutions.

Mr. Ryan will address the pension crisis and the need to align assets to specific liabilities. Mr. Ryan will also discuss portable alpha and the proper LDI strategy and cover liability beta & liability alpha. Mr. Ryan will be introduced by Chip Roame (Managing Principal, Tiburon Strategic Advisors).

Michael Steinhardt (Chairman, Wisdom Tree Investments)

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

Michael Steinhardt is the Chairman of Wisdom Tree Investments, which offers dividend and earnings-based index funds rather than traditional index funds based on market capitalization. Mr. Steinhardt oversees the company’s investments, strategy developments and the managing of hedge funds.

Prior to joining Wisdom Tree Investments, Mr. Steinhardt founded Steinhardt, Fine, Berkowitz & Company in 1967. Steinhardt, Fine, Berkowitz & Company achieved a performance track record that still stands out on Wall Street: 24% compound average annual returns – more than double the S&P 500 – over a 28-year period, accomplished through short-term strategic trading, including stocks, bonds, long and short options, currencies and time horizons ranging from 30 minutes to 30 days.

Mr. Steinhardt will address his views on the state of the hedge fund industry as well as how and why he started his hedge fund and how and why he eventually closed it. Mr. Steinhardt will also discuss his involvement with Wisdom Tree Investments. Mr. Steinhardt will be introduced by Kevin Malone (President, Greenrock Research).

Tiburon Research Reports


	Please click the image above to visit Tiburon's web site to see the table of contents for each of Tiburon's 38 currently published 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 the nine guest speakers, and to anticipate discussion topics in the three break-out sessions. The majority of Tiburon's research reports are written for executives at financial institutions; a few reports are written specifically for financial advisors. The financial institutions series contains macro-industry reports that cover topics such as the mutual funds industry, the hedge funds industry, the full-service brokerage industry, and the fee-only financial advisor industry. Reports in the financial advisors series are more tactical, including topics such as A Comprehensive Overview of Product Usage, Business Models, & Best Practices of Fee-Only Financial Advisors, and Trends in Succession Planning, Firm Valuations, & the growing Acquisition Market for Financial Advisors.

Research Report Retainer Program

The Tiburon Research Report Retainer Program offers access to all Tiburon research reports published in a calendar year in addition to the thirty-eight research reports currently published. Tiburon expects to publish at least 25 more reports in 2008. All will be proactively delivered and can be widely shared inside a firm, for just $25,000.

To order any of Tiburon's thirty-eight research reports or subscribe to Tiburon's Research Report Retainer please contact Sarah Sage at SSage@TiburonAdvisors.Com or (415) 789-2540.

2008-2009 Tiburon CEO Summits

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), Bill Hambrecht (CEO, WR Hambrecht & Company), Norm Malo (CEO, National Financial Services Corporation, Fidelity Investments), Joe Mansueto (CEO, Morningstar), Joel Marks (Vice Chairman, Advanced Equities Financial Corporation), Don Putnam (Managing Partner, Grail Partners), & Michael Sapir (CEO, ProFund Advisors). 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), Jim Weddle (Managing Partner, Edward Jones & Company), 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 CEO Summits Tiburon CEO Summit XIV Agenda Tiburon CEO Summit XIV Invitee List Tiburon Research Reports Order Tiburon's Research Report Retainer and/or Individual Tiburon Research Reports		Related Releases Tiburon CEO Summit XIV Guest Speaker Announcement - Walt Bettinger and Joe Moglia Tiburon Research Report Retainer

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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-eight ~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 58,000 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.

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