Tiburon CEO Summits

Tiburon has held 31 prior CEO Summits, with the first CEO Summit taking place in 2001. Details of the upcoming Tiburon CEO Summit XXXI are included below. For details of earlier Tiburon CEO Summits, please click here: Most Recent, 2014-2015, 2012-2013, 2010-2011, 2008-2009, 2006-2007, 2004-2005, & 2001-2003.

Tiburon CEO Summit XXXI: October 10-12, 2016

 

Tiburon CEO Summit XXXI was held on October 10-12, at the Ritz Carlton Hotel in San Francisco, CA. Tiburon CEO Summit XXXI started at 7:45am on Monday, October 10 2016, at the Ritz Carlton Hotel in San Francisco, CA, included a group dinner that night, and finished at 11:30am on Tuesday, October 11, 2016. Senior industry executives took two days out of their busy schedules to participate. There were over twenty sessions. Along with Tiburon's Managing Partner Chip Roame, Tiburon CEO Summit XXXI includes speakers Walt Bettinger (CEO, The Charles Schwab Corporation), Ryan Beach (President, CLS Investments), Tom Bradley (President, Retail Distribution, TD Ameritrade), Len Brennan (CEO, Russell Investments), Alan Clopine (Co-CEO, Pure Financial Advisors), Todd Crockett (Managing Director, TA Associates), Mark Delfino (CEO, Hoyle Cohen), Stuart DePina (President, Envestnet Tamarac), Kyle Griswold (Partner, FTV Capital), Doug Hammond (CEO, NFP), Bob Heller (Former Governor, Federal Reserve Board, & Former CEO, Visa USA), Anton Honikman (CEO, MyVest Corporation), Chris Kitze (Partner, Crosslink Capital), Rob Klapprodt (President, Vestmark), Aaron Klein (CEO, Riskalyze), Michael Kossman (Chief Operating Officer, Aspiriant), Lee Kranefuss (Co-Founder, 55 Capial Partners), Jim Lockhart (Vice Chairman, WL Ross & Company Invesco), Bo Lu (CEO, FutureAdvisor), Steve McLaughlin (Managing Partner, Financial Technology Partners), Nathan Mersereau (President, Planning Alternatives), Bob Moser (CEO, Laird Norton Wealth Management), Russ Norwood (Founding Partner, Venturi Wealth Management), Josh Pace (CEO, Trust Company of America), Alex Potts (CEO, Loring Ward Group), Lowell Putnam (CEO, Quovo), Kevin Rafferty (CEO, Vertical Management Systems), Steve Savage (CEO, Litman Gregory Asset Management), Skip Schweiss (President, TD Ameritrade Trust Company), Mike Sha (CEO, SigFig), Erik Strid (CEO, Concentus Wealth Advisors), Andy Swan (CEO, LikeFolio), Bill Van Dresser (Managing Partner, Legacy Wealth Advisors), Tom Wagner (Partner, Summit Wealth Group), Craig Wietz (President, First Rate), Jane Williams (Chairman, Sand Hill Global Advisors), John Wise (CEO, InvestCloud), & Justin Wisz (CEO, Vestorly).

Keynote Presentation

Tiburon CEO Summit XXXI featured a keynote presentation by Tiburon Managing Partner Chip Roame regarding the state of the financial services industry, focusing on the rapid evolution being driven all across the business value chain. This presentation serves as the backdrop and overview of the entire Tiburon CEO Summit. 

 




 

 



Tiburon CEO Summit XXXI
Keynote Presenter
Chip Roame
Managing Partner
Tiburon Strategic Advisors

 

 

 

 

 

 

Chip Roame (Managing Partner, Tiburon Strategic Advisors)

Tiburon Strategic Advisors is pleased to provide a summary of the expected content of its Tiburon CEO Summit XXXI Keynote Presentation. Chip Roame (Managing Partner, Tiburon Strategic Advisors) will give a presentation broadly addressing the state of the financial services industry, with a specific focus on the growing wealth management market.

Charles ("Chip") Roame is the Managing Partner of Tiburon Strategic Advisors and a leading strategic consultant to CEOs, other senior executives, & boards of directors in the banking, insurance, brokerage, & investment management markets. Prior to forming Tiburon in 1998, Mr. Roame served in similar capacities, first as a management consultant at McKinsey & Company, and later as a business strategist at The Charles Schwab Corporation. Mr. Roame is quoted daily throughout the media and, due to Tiburon's widely shared research, he may be the most frequently demanded board advisor. His particular expertise is that of corporate strategy for larger financial services firms, designing broad multi-faceted strategies and making trade-offs between alternative businesses, products, & markets.

At Tiburon, Mr. Roame has responsibility for all of the firm's consulting, research, & marketing activities which keeps him on the leading-edge of strategic initiatives in the industry's fastest growing businesses -- mutual funds, exchange traded funds, hedge funds & other alternative investments, financial planning, wealth management services, life insurance, annuities, family office services, online financial services, and the growing independent advisor markets. He has also taken a substantial interest in financial services industry venture capital & private equity opportunities and mergers & acquisitions transactions. At Tiburon, Mr. Roame has led over 1,700 client engagements for over 400 corporate clients since 1998.

Mr. Roame has won numerous awards throughout the consulting and financial services industries, including being named one of the power 25 elite by Investment News, one of the 25 most influential individuals in the advisor business by Investment Advisor magazine, & one of the five experts with the answers by Boomer Market Advisor. Tiburon has also been named one of the fastest growing companies by the San Francisco Business Times in multiple years.

Mr. Roame is frequently sought as a board member by Tiburon client company boards. He presently serves as a board member at Envestnet (NYSE: ENV), as a board member of the parent company of The Edelman Financial Group (Ric Edelman’s business backed by Lee Equity Partners), and as a trustee of the SA mutual funds family which is sponsored by Loring Ward and employs Dimensional Fund Advisors as its sole sub-advisor.

Overview of Tiburon CEO Summit XXXI Keynote Presentation

The objectives of the Keynote Presentation are to anchor Tiburon CEO Summit discussion on consumers; offer a broad view of the wealth management industry (with a new theme at each Tiburon CEO Summit), with the theme at Tiburon CEO Summit XXXI being The Most Important Data Inflection Points; set a discussion agenda for Tiburon CEO Summit XXXI (framing the dozens of “three big points” and introduce 40+ speakers); & address recent strategic activity. The basis of the Tiburon CEO Summit XXXI Keynote Presentation is industry developments (“the news”), recent Tiburon & third-party research findings, the Tiburon CEO Summit XXXI content survey, & Tiburon CEO Summit XXXI guest speaker presentations (and prior presentations).

Tiburon CEO Summit XXXI --> Insights Behind The Most Important Data Inflection Points

Context Setting: Consumers & Their Money

Consumer households have $38.3 trillion investable assets, $59.4 trillion financial assets, $96.9 trillion total assets, and $85.7 trillion net worth. There are 10.1 million consumer households with over $1.0 million net worth, back above its prior peak of 9.2 million in 2007. Baby boomers will liquidate some portion of the $58.6 trillion in retirement plans, personal assets, & small businesses.

The Future Of Wealth Management: The Most Important Data Inflection Points

Exchange Traded Funds

Exchange traded funds have gathered $2.1 trillion assets under management, up from $102 billion in 2002. Exchange traded funds have $232 billion net flows, up from $29 billion in 2001. BlackRock is the leading investable assets firm in terms of assets under management with $4.7 trillion, with the three ETF leaders all in the top four. Index mutual funds have gathered $2.1 trillion assets under management, up from $384 billion in 2000. Index mutual funds’ assets under management have been primarily gathered in equity funds. The Vanguard Group has $216 billion net flows, up from $85 billion in 2010. The five largest stock mutual funds are all low cost Vanguard & American Funds mutual funds. The Vanguard Group has gathered over three-quarters on its assets under management in index mutual funds & exchange traded funds. The Vanguard Group has gathered one-third of its assets under management from financial advisors. Dimensional Fund Advisors has gathered $406 billion assets under management, up hugely since 1983. Dimensional Fund Advisors has gathered more than half of its assets under management from financial advisors. Dimensional Fund Advisors’ financial advisor channels business has gathered $165 billion assets under management, up from $13 billion in 2002.

Liquid Alternatives

Liquid alternative funds have gathered $309.2 billion assets under management, up from $174.6 billion in 2012. Liquid alternative funds’ net flows are $3.1 billion, down from their peak of $96.9 billion in 2013. Hedge funds have gathered $2.8 trillion assets under management, up from $491 billion in 2000. Hedge funds have $76.4 billion net flows, up from $23.3 billion in 2000 and -$131.2 billion in 2008. Hedge funds returned 3.3%, down from 9.1% in 2013. Hedge funds have not been performing as well as some low cost mutual funds that do some of the same things.

Robo Advisors

There are at least 46 online advice firms. All online advice firms have gathered $217.4 billion assets under management, up from $118.0 billion in 2012. Online advice firms can specifically be defined to include defined contribution plan focused firms & B2C focused firms. Online advice firms’ assets under management are dominated by the defined contribution focused firms. The leading online advice firms are the defined contribution plan focused firms & the large discount brokerage firms & mutual fund companies. Two-thirds of financial advisors believe that online advice firms will have no or little impact on their business. Motif Investing offers 100 pre-built motifs, up from 50 in 2011.

Break-Away Brokers

Two-thirds of wirehouse & regional broker/dealer brokers who move on their own in any year move to other wirehouses or regional broker/dealers. The bulk of the break-away broker movement really just goes in circles, with brokers moving from one wirehouse to the next for upfront payments. Wells Fargo Advisor Network’s share of financial advisors coming from wirehouses is 65%, compared to 12%-31% at some other leading independent broker/dealers.

Independent Advisors

The insurance & independent broker/dealer channels lead the financial advisor channels in terms of number of financial advisors with 74,804 & 67,290. The wirehouse channel leads the financial advisor channels in terms of assets under administration with $5.9 trillion. The five year CAGR of dually registered advisors is 9.0%. Primerica, Morgan Stanley, Bank of America Merrill Lynch, & Wells Fargo Corporation have the most financial advisors. Both the retail and financial advisor support models at both Fidelity Investments & The Charles Schwab Corporation are now amongst the leading financial advisor channel firms. Tiburon CEO Summit XXIX attendees said that LPL financial & The Charles Schwab Corporation have the most impressive financial advisor forces. Independent advisors can specifically defined to include independent reps & fee-based financial advisors (RIAs). Independent broker/dealer reps still account for the largest share of independent advisors, although both fee-based financial advisors & dually registered financial advisors are gaining market share. LPL Financial leads the independent reps market in number of financial advisors. LPL Financial also leads the independent broker/dealer market in assets under administration. The Charles Schwab Corporation, Td Ameritrade, & Fidelity Investments are the leading fee-based financial advisor custodians in terms of number of fee-based financial advisor clients, with 7,100, 5,000, & 3,300 respectively. Schwab Advisor Services & Fidelity Institutional Wealth Services are the leading fee-based financial advisor custodians in terms of assets under administration, with $1.1 trillion & $753 billion respectively. TD Ameritrade had a 229% change in fee-based financial advisor assets under custody from 2007-to-2014. Some analysts have huge predictions for the fee-based financial advisor market, with one suggesting 36,900 fee-based financial advisors by 2019.

Turnkey Asset Management Programs (TAMPs)

Envestnet has gathered $713.4 billion assets under administration & management, up 800% since 2007. FolioDynamix’s FDx platform has gathered $700 billion assets under administration, up from $445 billion in 2012. Loring Ward Group’s LWI Financial has gathered $13.0 billion assets under management, up from $1.6 billion in 1996. Dimensional Fund Advisors’ Dimensional Fund Advisors (US)’s fee-based financial advisor business’ TAMPs business has gathered $50 billion assets under management, up over 400% since 2005.

The Missing News Story: Financial Advisor Bifurcation

Financial Advisor Stagnation

Financial advisor channels firms have 301,126 financial advisors, down from its peak of 339,450 in 2004. Tiburon will seek to prove the financial advisor bifurcation; it is possible that a few dozen fee-based financial advisors are driving the markets’ growth. The mutual fund store has 133 offices, up from 73 in 2011. United Capital Financial Partners has 70 offices, up from fourteen in 2007. HighTower Holding has 49 offices, up from twelve in 2011. Edelman Financial Services has 41 offices, up from one in 2005. The Mutual Fund Store serves 37,000 clients, up from 30,000 in 2010. Edelman Financial Services serves 28,000 clients, up from 5,000 in 2003. Fisher Investments’ Private Client Group serves 27,000 private client group clients, up from 12,000 in 2004. Fisher Investments’ Private Client Group manages $35 billion in assets, up from $1 billion in 1997. Edelman Financial Services has gathered $14.9 billion assets under management & administration, up over 400% since 2003. Edelman Financial Services has $131.9 million assets under management & administration per financial advisor.

Differentiators

Edelman Financial Services’ average client has $522,000 assets under management & administration, up from $380,000 in 2009. Edelman Financial Services has 113 financial advisors, up from nineteen in 2003. Fisher Investments’ investment counselors, vice presidents, account executives, & client operations associates account for over half of its employees. Fisher Investments’ private client group creates over three-quarters of its leads from direct mail and web advertisements. Fisher Investments’ private client group attracts two-thirds of its clients to seminars each year. Edelman Financial Services will conduct over 600 seminars, up from 75 in 2012. And in a strange twist…financial advisor fees are down…err…up. Financial advisor average fees range from 1.26% to 0.66% based on portfolio size. Fisher Investments’ private client group’s pricing schedule ranges from 1.25% to 1.00%, and the firm uses a blended methodology. Edelman Financial Services’ pricing schedule ranges from 2.00% to 0.50%.

Strategic Activity

Financial Services Industry Venture Capital & Minority Growth Equity Investments

Venture capital firms raised $33.0 billion funds, up 75% since 2010 but down from $85.1 billion in 2000. Venture capital investment reached $48.4 billion, up from $30.0 billion in 2013 but down from its peak of $105.0 billion in 2000. SoFi has raised the most venture capital amongst financial services firms, with $1.2 billion. Wealthfront, Betterment, & Personal Capital Corporation have raised the most venture capital amongst the online advice firms.

Financial Services Industry Initial & Secondary Public Offerings

There were 275 initial public offerings in 2014, up from 222 in 2013 but down from its peak of 406 in 2000. Initial public offerings raised $85.3 billion in 2014, up from $54.9 billion in 2013 but down from its peak of $96.9 in 2000. There were 36 initial public offerings in the financial sector in 2014, down from 45 in 2013. Financial services industry public offerings included Worldpay, National Commercial Bank, & Medibank Private.

Financial Services Industry & Financial Advisor Mergers & Acquisitions

Financial Services Industry Mergers & Acquisitions

Mergers & acquisitions’ deal value was $3.5 trillion, up from $2.3 trillion. Private equity firms invested $12.0 billion in financial technology firms, up from $4.0 billion in 2013. Financial technology companies Sungard, Advent Software, Russell Investments, & SNL Financial all sold in the last year for large sums. Leading investment management firms mergers & acquisition deals included TIAA-CREF’s acquisition of Nuveen, Santander Asset Management’s Acquisition of Pioneer Global Asset Management, and the pending acquisition of Russell Investments. The leading public brokerage merger & acquisition deal was Stifel Financial Group’s acquisition of Sterne Agee for $150 million.

Financial Advisor Mergers & Acquisitions

There were 54 fee-based financial advisors mergers & acquisitions transactions in 2014, up 35% since 2006. There have been $32.6 billion fee-based financial advisors assets under management acquired through mergers & acquisitions transactions in 2014. Hellman & Friedman’s acquisition of Edelman Financial Services was the leading financial advisors acquisition at $14.8 billion.

Financial Services Industry Valuations & Activists Opportunities

Financial services firms account for 10%+ of the US economy and 20%+ of the Standard & Poor’s 500. Activist funds have gathered $120 billion assets under management. Activist hedge funds have $10.1 billion net flows, up from $3.4 billion in 2005. Carl Icahn & Southeastern are the leading activist investor funds in terms of value of disclosed US equities with $22.3 billion & $18.3 billion. The average net return among activist hedge funds outpaced the total hedge fund universe in both the short & long term. Financial services industry activist fund specific targets include American Realty Capital Partners, LPL Financial Holdings, State Street Corporation, & The Bank of New York Mellon Corporation.

Speakers

 

Along with Tiburon's Managing Partner Chip Roame, Tiburon CEO Summit XXXI included speakers Walt Bettinger (CEO, The Charles Schwab Company), Ryan Beach (President, CLS Investments), Tom Bradley (President, Retail Distribution, TD Ameritrade), Len Brennan (CEO, Russell Investments), Alan Cloping (Co-CEO, Pure Financial Advisors), Todd Crockett (Managing Director, TA Associates), Mark Delfino (CEO, Hoyle Cohen), Kyle Griswold (Partner, FTV Capital), Dough Hammond (CEO, NFP), Bob Heller (Former Governor, Federal Reserve Board, & Former CEO, Visa USA), Anton Honikman (CEO, MyVest Corporation), Rob Klapprodt (President, Vestmark), Chris Kitze (Partner, Crosslink Capital), Aaron Klein (CEO, Riskalyze), Michael Kossman (Chief Operating Officer, Aspiriant), Lee Kranefuss (Co-Founder, 55 Capital Partners), Jim Lockhart (Vice Chairman, WL Ross & Company Invesco), Bo Lu (CEO, FutureAdvisor), Steve McLaughlin (Managing Partner, Financial Technology Partners), Nathan Mersereau (President, Planning Alternatives), Bob Moser (CEO, Laird Norton Wealth Management), Russ Norwood (Founding Partner, Venturi Wealth Management), Josh Pace (CEO, Trust Company of America), Alex Potts (CEO, Loring Ward Group), Lowell Putnam (CEO, Quovo), Steve Savage (CEO, Litman Gregory Asset Management), Skip Schweiss (President, TD Ameritrade Trust Company), Mike Sha (CEO, SigFig), Erik Strid (CEO, Concentus Wealth Advisors), Andy Swan (CEO, LikeFolio), Bill Van Dresser (Managing Partner, Legacy Wealth Advisors), Tom Wagner (Partner, Summit Wealth Group), Craig Wietz (President, First Rate), Jane Williams (Chairman, Sand Hill Global Advisors), John Wise (CEO, InvestCloud), & Justin Wisz (CEO, Vestorly). Tiburon CEO Summit XXXI also featured the firm's traditional client-centric panel discussions and two networking-based social events.

Walt Bettinger
(CEO, The Charles Schwab Corporation)

 

 

CEO Summit XXXI
Speaker
Walt Bettinger
(CEO, The Charles Schwab Corporation
)


 

 

 

 

 

 

 

Walter W. Bettinger II, President and Chief Executive Officer of The Charles Schwab Corporation since October 2008 and concurrent with his appointment, he was named to the Board of Directors of The Charles Schwab Corporation. In addition, Bettinger serves on the Board of Directors of Charles Schwab & Co., Inc. and Charles Schwab Bank, and as a Chairman of The Board of Trustees for the Schwab managed mutual funds and exchange traded funds. Prior to assuming his current role, he was most recently President and Chief Operating Officer of The Charles Schwab Corporation. Bettinger's duties include leading the development of strategies and services that assist millions of people worldwide in their efforts to save and invest – either directly, with the help of an independent investment advisor or through a company-sponsored retirement or benefit plan. He is credited with leading Schwab through the financial crisis. Post crisis, from 2009 through 2012 Schwab grew client assets by $530 billion – $200 billion more than the growth of all four of Schwab's primary, publicly traded competitors added together. Bettinger has been recognized throughout his career as a leader in financial services including selection in 2014 to Fortune magazine's Businessperson of the Year listing, in 2010 to the Power 30 by Smart Money magazine of the world's most powerful and influential players; the 2009 lifetime achievement award for contributions to the retirement security of working Americans by Plan Sponsor magazine and receipt by Tiburon Consulting of a 2012 Tiburon CEO Summit award. In 1983, at the age of 22, Bettinger founded The Hampton Company, a provider of retirement plan services to corporations and their employees. The Charles Schwab Corporation acquired Hampton in 1995.

Mr. Bettinger’s recent comments have included:

  • “The asset is trust, not technology in our industry. People buy trust. That’s why consolidation is gonna be very difficult.”
  • “ I think we need courage across the industry --individuals like myself who have been in this business for three decades to stand up and speak with truth and objectivity about what we need to do differently”.
  • “What our research has shown is that one of the major reasons young people hesitate to save is because they feel even less prepared than someone who may be older to make all these decisions that we are foisting upon them.”

Ken Arthur
(Co-Founder, ETFengine)

 

 

CEO Summit XXXI
Speaker
Ken Arthur
(Co-Founder, ETFengine
)


 

 

 

 

 

 

 

Ken Arthur, one of three founders of ETF Engine, has worked for 35 years in the information technology industry primarily specializing in investor record keeping. He has had positions in Corporate Management, Marketing, Business Development, Product Development and IT Development, participating in the creation and processing of multiple recordkeeping systems for mutual funds, stocks and bonds, managed accounts and wrap processing. Ken was instrumental in building, selling and servicing investor recordkeeping for some of the largest banks, brokerage firms and mutual fund companies in the US. His career started in programming for Lockheed and he then moved into data processing services and sales for the IBM Company. At IBM Ken participated in the development of a mutual fund transfer agency system that became the recordkeeping platform for Applied Financial Systems (AFS). He joined Applied Financial Systems where he was Vice President of sales and marketing. AFS was acquired by SunGard and during his tenure at SunGard he continued with the development of new investor recordkeeping systems, eventually becoming president of SunGard Shareholder Services. Ken was one of the four founders of Funds Associates Ltd (FAL) that built and processed the SuRPAS shareholder recordkeeping system that has become the largest mutual fund omnibus recordkeeping system in the US, processing over 150 million shareholder records, representing more than 2.6 trillion dollars of assets. After the sale of Funds Associates to PFPC (PNC Bank Subsidiary) Ken became a Senior Vice President in Advanced Product Development supporting E-commerce activities for PFPC’s product lines. Upon leaving PFPC Ken, with his partners, started KDS Partners, a consulting firm specializing in investor recordkeeping both in the USA and internationally. Ken is a recent founder of, ETFengine LLC, a new Fintech startup www.etfengine.com He has a degree in Physics from the University of Colorado and an MBA from Santa Clara University

Mr. Arthur’s recent comments have included

  • “No matter what direction investments and advice head in the next 10 years, we believe there will continue to be a brokerage or trust account standing behind all products.”
  • “Robo’s deep spending on customer acquisition on the premise that this is a scale business are right – but only up to a point. There are 2 variable costs that remain fixed – at any scale – the per-hour cost of human capital and the cost of maintaining the brokerage system books and records account that sits behind every advice product out there.”
  • “We believe, too, that expenses, friction, and risks are associated with tying today’s innovative front end products with the legacy brokerage system products – by keeping multiple copies of investor records.”

Ryan Beach
(Executive Chairman, NorthStar Financial Services Group)

 

 

CEO Summit XXXI
Speaker
Ryan Beach
(President, CLS Investments
)


 

 

 

 

 

 

 

Ryan Beach is the President of CLS Investments. He graduated from Brigham Young University with a Bachelor’s degree in Economics and later graduated from the University of Nebraska College of Law with a Juris Doctorate in 2005.

Mr. Baum’s recent comments have included:

  • "Pace of M&A is causing build, buy, or partner to become a very complex decision for fintech users."
  • "Strategic buyers will accelerate purchases of B2B and B2C providers, especially those with failed revenue models but unique functionalities"
  • “Government regulation “crowds out” homegrown innovation, leading to increased competition for purchases of disruptive fintech startups”

Marty Beaulieu
(Executive Chairman, Altegris Investments)

 

 

CEO Summit XXXI
Speaker
Marty Beaulieu
( Executive Chairman, Altegris Investments
)


 

 

 

 

 

 

 

Mr. Martin Eric Beaulieu, also known as Marty, has been Executive Chairman of Altegris Investments, Inc. since June 30, 2016. Mr. Beaulieu serves as the Executive Chairman of Altegris Advisors, LLC since June 27, 2016. He is responsible for firm strategy and the day-to day management of the company. He is a Director of MFS Institutional Advisors, Inc. Mr. Beaulieu serves as a Member of Advisory Board of Vestigo Ventures LLC. He served as Head of Retail iShares US at BlackRock. He is an Advisory Board Member of BrightScope. Previously, Mr. Beaulieu served as Managing Director at BlackRock Financial Services. Mr. Beaulieu several years of experience in financial services. He served as the Chief Executive Officer and Chairman of McLean Budden Limited. Previously, Mr. Beaulieu was responsible for McLean Budden's worldwide distribution efforts through its retail, institutional, and international sales subsidiaries. He joined MFS in 1990. Mr. Beaulieu served as Vice Chairman of Massachusetts Financial Services Company. Mr. Beaulieu joined Altegris as a member of its Board in March 2016. Mr. Beaulieu graduated from Santa Clara University in 1980.

Mr. Beaulieu’s recent comments have included:

  • “More than the products, it’s about how the active managers perform.”
  • "Your energy will go to some active management better than private markets that are difficult to access.”

Tom Bradley
(President, Retail Distribution, TD Ameritrade)

 

 

CEO Summit XXXI
Speaker
Tom Bradly
(President, Retail Distribution, TD Ameritrade
)


 

 

 

 

 

 

 

Tom Bradley is President of Retail Distribution at TD Ameritrade. Tom Bradley is responsible for retail distribution at TD Ameritrade, which includes the Company's branch network, marketing, investor service and sales call centers, guidance solutions, investment products and investor education businesses. He also serves as a member of the Company's senior operating committee, which shapes the strategic focus of the organization.Mr. Bradley’s experience in the financial services industry began as a financial advisor with Northwestern Mutual Life and RW Baird & Company. He joined TD Waterhouse in 1986 and continued with the firm until it merged with Ameritrade in 2006 to form TD Ameritrade. At TD Waterhouse he was responsible for correspondent clearing and capital markets businesses, and he also launched what is now known as TD Ameritrade Institutional1, supporting independent registered investment advisors (RIAs). In his most recent role, as president of TD Ameritrade Institutional, Mr. Bradley was responsible for all business functions, including independent RIA services segment and corporate services business. Mr. Bradley was recently awarded the 2013 Pioneers in Financial Services Award by William Paterson University's Cotsakos College of Business. In 2011 he was named one of the 25 most influential people in the RIA community by Investment Advisor magazine, an honor he received in 2004, 2006 and 2009 as well. He was named Visionary of the Year by Texas Tech University’s Division of Personal Financial Planning in 2008. The National Association of Personal Financial Advisors (NAPFA) also recognized Mr. Bradley with the 2006 Special Achievement Award.

Mr. Bradley’s recent comments have included:

  • “Larger advisors today are running substantial operations and they need technology to streamline their businesses and provide scale to grow.”
  • “In our business, the reason people work with you starts with the relationship. Technology can be a hook to cement the deal, but our business always starts there.”
  • “We are starting to see some M&A activity driven by the succession issue. But by far, what we are seeing is that firms are bringing in younger folks that they can develop internally by coaching and training, as well as sharing ownership.”

Len Brennan
(CEO, Russell Investments)

 

 

CEO Summit XXXI
Speaker
Len Brennan
(CEO, Russell Investments
)


 

 

 

 

 

 

 

Mr. Leonard Patrick Brennan, CFA, also known as Len, serves as Chief Executive Officer and Chairman at Frank Russell Company and previously served as the President. Mr. Brennan served as the Chief Executive Officer and President at Russell Investments Ltd at London Stock Exchange Group plc since July 13, 2011 until June 3, 2016 and its Group Director of Buyside Solutions until June 3, 2016. He served as the Chief of Europe, Middle East and Africa business at Frank Russell Company. Previously, he served as the President, and Chief Executive Officer at Rainier Investment Management, Inc. He joined the Rainier Investment Management, Inc in November 2005 and was responsible for the overall business and operational activities. Mr. Brennan has an extensive experience in the financial services industry. Prior to joining the firm, he was the Managing Director at Russell Investment Group and was responsible for the Individual Investor Services globally. Over the same period, he served as President of Frank Russell Investment Management Company, President of Russell Funds Distributors, Inc., and President of Frank Russell Investment Company. He managed all aspects of the Frank Russell's U.S. retail business, including sales, client service, marketing, new business development, operations, and compliance. A native of Canada, he managed the firm's Toronto and London offices and launched the company's first multi-manager investment fund outside the United States. He serves as a Director of Russell Investments Ltd. and Rainier Investment Management, Inc. He is a CFA charter holder and is a Member of the CFA Institute. Mr. Brennan received a Bachelor’s degree in commerce from Carleton University, Ottawa, Canada.

Mr. Brennan’s recent comments have included:

  • “Active management has to be part of the solution. Otherwise people will not have enough money for their retirement.”
  • “ We believe that ensuring that associates have an ownership stake is always a positive thing”.
  • “Potential clients typically bring unique and distinct problems that we haven't solved before.”

Bernie Clark
(Executive Vice President, Advisor Services, The Charles Schwab Corporation)

 

 

CEO Summit XXXI
Speaker
Bernie Clark
(Executive Vice President, Advisor Services, The Charles Schwab Corporation
)


 

 

 

 

 

 

 

Bernard J. Clark is head of Schwab Advisor Services and a member of Charles Schwab’s Executive Committee. He oversees the business that provides custodial, operational and trading support to nearly 7,000 independent investment advisory firms with $1.1 trillion in assets under management In addition to custody services, Schwab Advisor Services provides practice management and consultative support to help independent advisors start, build and grow their firms. A recognized industry leader, he has been named by Investment Advisor magazine as one of the “IA 25 ,” which annually ranks the 25 most influential people in the industry. Clark has more than 30 years of financial industry experience serving individual and institutional investors. He began his career at Schwab in 1998 as senior vice president of trading and operations for Schwab Institutional. He later worked on the retail business as leader of the client services organization, before returning to the advisor business to lead the sales and relationship management organization. He took on his current role as head of Schwab Advisor Services in 2010. Prior to joining Schwab, Clark was with the London office of Deutsche Morgan Grenfell. There he held the position of managing director in charge of global sales support, hedge fund operations and technology, including managing client service support in Asia, Europe and the U.S. He also spent 13 years with Salomon Brothers as a member of the executive committee responsible for North American operations. Clark serves on the board of the Foundation for Financial Planning and the Arizona State University W.P. Carey School of Business, Center for Services Leadership. He is very involved in organizations in the Phoenix area, including serving as president of the Saguaro High School Football Foundation and as an active supporter of the Phoenix Children’s Hospital. Clark earned his Bachelor of Science degree in accounting from St. John’s University in New York.

Mr. Clark’s recent comments have included:

  • “Millenials are generating their own wealth.”
  • "Amazon found what our clients want in our industry: a new and friendly way of buying."
  • “We hear it all the time and we know it's true - the work you do matters and it matters most because of how you do it.”

Alan Clopine
(Co-CEO, Pure Financial Advisors)

 

 

CEO Summit XXXI
Speaker
Alan Clopine
(Co-CEO, Pure Financial Advisors
)


 

 

 

 

 

 

 

Alan Clopine is the CEO & CFO of Pure Financial Advisors. He currently shares the CEO role with Michael Fenison, the original founder of the company. Alan is primarily responsible for the day-to-day activities of the firm while Michael’s focus is on expansion and hiring. Alan joined the firm about one year after it was established. At that time the company had less than 100 clients and approximately $50 million of assets under management. Now, in 2016, Pure Financial has over 1,600 clients and over $1.4 billion of assets under management. Prior to joining Pure Financial Advisors, Alan was the founding and senior partner at Clopine & Associates, LLP; a CPA firm established in 1987 and located in San Diego. The firm was consistently ranked in the top 50 CPA firms in the San Diego Business Journal, “Book of Lists.” Alan has provided tax planning services for individuals, corporations and trusts for over 30 years while running multiple companies. His goal is to help clients create tax-efficient income streams that are sustainable in retirement.

Mr. Clopine’s recent comments have included:

  • “A defined benefit plan allows for a much larger deduction because it’s based upon a participant’s age, compensation and future desired pension benefit.”
  • “ The worst mistake you can make is to procrastinate and assume the problem will magically disappear.”.
  • “The generation that has depended solely on 401(k)s and tax-deferred individual retirement accounts may not realize how much of a tax hit they will take when they start withdrawing the money and living on it”

Todd Crockett
(Managing Director, TA Associates)

 

 

CEO Summit XXXI
Speaker
Todd Crockett
(Managing Director, TA Associates
)


 

 

 

 

 

 

 

Todd joined TA in 1994 as an Associate in the Boston office and has worked in the Menlo Park office since 2000. Before joining TA Associates Todd Crockett worked for Salomon Brothers – Financial Analyst in the Financial Institutions and Structured Finance Groups. He received his BA in Politics from Princeton University and his MBA from Harvard Business School. He is currently a board member at, DiscoverOrg, Evanston Capital Management, NorthStart Financial Services Group, Procare Software and Russel Investments.

Mr. Crockett’s recent comments have included:

  • ”Robo, aggregators and all those things can’t do anything by themselves.”
  • "We are focused on fintech companies.”
  • “Robo reminds me what happened 10 years ago with online brokerage. Some players are not very differentiated so we pay attention to data.”

Mark Delfino
(CEO, Hoyle Cohen)

 

 

CEO Summit XXXI
Speaker
Mark Delfino
(CEO, Berkshire Capital Securities
)


 

 

 

 

 

 

 

Mark Delfino is the CEO and Managing Director of HoyleCohen, LLC. In 2008, he joined the HoyleCohen team as part owner and Managing Director. Under his leadership, he has scaled operations and has positioned the firm for continual growth and ever-increasing investment, financial planning, and client service capabilities. He navigated the firm through the recent financial crisis, continues to lead during a time of volatile, yet opportunistic economic recovery, and maintains a clear purpose and vision for the future of the firm and our clients. He is an Investment Advisor Representative (IAR) and has extensive experience in business, planning, and investment management. With an MBA from Harvard University and undergraduate degree in Economics from Butler University, Mark’s professional pedigree includes over twenty years as an operating executive and trusted advisor. Prior to joining HoyleCohen, Mark was the founding principal of D-Rock Investment Services, LLC. He was also a Partner of The Boston Consulting Group (BCG), and a senior executive of a technology services company that was acquired and merged into Yahoo.

Mr. Delfino’s recent comments have included:

  • "This business is basically about trust.”
  • “Costs are the most challenging.”
  • “You have to look first at the firm and second at the individual.”

Scott Grauer
(CEO, BOK Financial Services )

 

 

CEO Summit XXXI
Speaker
Scott Grauer
( CEO, BOK Financial Services)
)


 

 

 

 

 

 

 

Scott Grauer is executive vice president for Wealth Management at BOK Financial and CEO of the company’s broker/dealer, BOSC, Inc. BOK Financial is one of the largest bank holding companies in the U.S. In his current role, Grauer is responsible for all the company’s wealth management business lines in all markets, including Institutional Wealth, The Private Bank, and International Banking. In addition to his role as CEO of BOSC, Inc., he serves as chairman of both of the company’s registered investment advisers, Cavanal Hill Investment Management, and The Milestone Group. Grauer holds numerous FINRA securities licenses, registrations and designations. Grauer joined BOK Financial in 1991 as part of the company’s acquisition of an independent retail brokerage operation and was named manager of BOSC retail in 1996. In late 1999, he was named president and CEO of the firm and assumed responsibilities for retail, institutional and investment banking activities when BOK Financial first combined these units under one organization. Under Grauer’s leadership, BOSC’s strong revenue growth has been one of BOK Financial’s most prominent success stories. A native of Cedar Rapids, Iowa, Grauer grew up in Leawood, Kansas and graduated from Shawnee Mission South High School in Overland Park, Kansas. He earned a bachelor’s degree in business administration from Baker University in Baldwin City, Kansas.

Mr. Grauer’s recent comments have included:

  • ”We’re looking for an opportunity to an organic growth.”
  • "We spend cero time on bits that mean exit strategy.”
  • ““$1-3-5 billion is what we are looking at, something powerful, but not increasing people.”

Kyle Griswold
(Partner, FTV Capital)

 

 

CEO Summit XXXI
Speaker
Kyle Griswold
(Partner, FTV Capital
)


 

 

 

 

 

 

 

Kyle Griswold joined FTV Capital in 2007 after working as an investment banking associate at Berkshire Capital Securities. Mr. Griswold, based in FTV's New York office, has been actively involved in many successful FTV investments in the financial services and payments/transaction processing sectors. He is currently a board member at Apex Fund Services, a global fund administrator, Aspire Financial Services, a retirement plan solutions provider, True Potential, an investment and wealth management platform, and World First, a foreign exchange solutions platform. He is a board observer at Swan Global Investments, an asset management firm, and also actively involved with CardConnect, a payment processing services company. Mr. Griswold helped successfully exit Fleet One (acquired by Wright Express in 2012), IndexIQ (acquired by NYLife Investment Management in 2015) and VelocityShares (acquired by Janus Capital in 2014). Mr. Griswold received a BA in economics and mathematics from Trinity College and is a CFA® charterholder.

Mr. Griswold’s recent comments have included:

  • ”Robo are good from a consumer perspective. The problem is the business model.”
  • "These companies (robos) are overvalued.”
  • ”There is a gap of advice for retail advisors.”

Doug Hammond
(CEO, NFP)

 

 

CEO Summit XXXI
Speaker
Doug Hammond
(CEO, NFP
)


 

 

 

 

 

 

 

Doug advances initiatives that ensure "NFP" is synonymous with a leading, full-capability insurance broker and consultant that cares deeply about its employees and clients’ well-being. He’s held several leadership roles at NFP since 1999, including chief operating officer and general counsel, and has over two decades’ experience in executive management, operations, underwriting and law. Doug’s committed to building exceptional leadership teams that embody NFP’s dedication to trust, transparency and communication, and to delivering clients a broader range of high-quality solutions. In 2013, he led NFP’s pivotal $1.4 billion go-private transaction with Madison Dearborn Partners LLC (MDP), a leading private equity firm, providing NFP with significant opportunities for future growth. Prior to NFP, Doug practiced corporate insurance law at a national firm, where he represented NFP’s founding capital partner before and during its startup phase. Doug is a member of the MDP Financial Services Advisory Board and serves on the board of directors of Kestra Financial Inc., one of the largest hybrid retail independent broker-dealers in the U.S. He also serves on the Advisory Council of the Dolan School of Business of Fairfield University. In addition, he co-authored Reinsurance Law, a leading subscription treatise on reinsurance practice and legal trends. He earned his Bachelor of Arts from Fairfield University and his Juris Doctor from St. John’s University School of Law.

Mr. Hammond’s recent comments have included:

  • ”Strong management teams prefer a private company structure to execute.”
  • "Private equity landscape is changing.”
  • ”Millenials focus is a good culture that works with all employees.”

Bob Heller
(Former Governor, Federal Reserve Board, & Former CEO, Visa USA)

 

 

CEO Summit XXXI
Speaker
Bob Heller
(Former Governor, Federal Reserve Board, & Former CEO, Visa USA
)


 

 

 

 

 

 

 

H. Robert Heller served on the Board of Governors of the Federal Reserve System from August 19, 1986, until July 31, 1989. From 1965 to 1971, Heller taught economics at UCLA. He accepted a professorship at the University of Hawaii and continued to teach economics for two more years. In 1974, Heller became chief of the financial studies division at the International Monetary Fund. In 1978, he became senior vice president and director of international economic research at Bank of America in San Francisco. In the fall of 1986, President Ronald Reagan nominated Heller to the Board of Governors. Heller served as chairman of the Committee on Bank Supervision and Regulation, was a member of the Federal Financial Institutions Examination Council, the National Advisory Council on International Monetary and Financial Policies, and represented the Board at the Organization for Economic Co-operation and Development. After leaving the Board of Governors, Heller returned to the private sector, joining Visa. In 1991, Heller became president and chief executive officer of Visa U.S.A. and served in the role for two years. From 1994 - 2001, he served as the executive vice president of Fair Isaac Corporation. Heller is active in many business and civic organizations. He has served on the boards of VISA, the Fair Isaac Corporation and BMW of North America. He has also been Chairman of Marin General Hospital. He currently is a member of the boards of Bank of Marin, Bank of Marin Bancorp and Sonic Automotive, Inc. as well as several private corporations. Heller is the author of seven books and over one-hundred articles on economics, finance, and business.

Mr. Heller’s recent comments have included:

  • “At the current period we have the slowest recovery of the post war period. This is because of the high regulations.”
  • "We have something absolutely new: regulators for the regulators.”
  • “The’re two issues threatening the long term: pension and insurance funds.”
  • “The Federal debt will become unsustainable during the next decadee two issues threatening the long term: pension and insurance funds.”

Anton Honikman
(CEO, MyVest Corporation)

 

 

CEO Summit XXXI
Speaker
Anton Honikman
(CEO, MyVest Corporation
)


 

 

 

 

 

 

 

Mr. Anton Honikman is Chief Executive Officer of MyVest. Prior to MyVest, Anton served as President of Ada Investment Management, a boutique alternative investment manager. Previously, Mr. Honikman was at Barclays Global Investors (BGI, now BlackRock), where he established and ran BGI’s Strategic Ventures Group, spearheading strategic investments and partnerships with innovative financial services companies. Before the Strategic Ventures Group, Mr. Honikman designed and represented defined contribution, and retirement income, and international index products for BGI. Mr. Honikman joined BGI from Barra, Inc. (now MSCI), the market leader in portfolio risk analytics, As Barra’s VP of Product Strategy, Anton was responsible for the conception and commercialization of BarraOne, Barra’s flagship web-based multi-asset class portfolio analytics platform, now the established standard among large U.S. pension funds. He earned a Bachelor of Business Science with honors in financial economics and applied statistics from the University of Cape Town, South Africa. He is a trustee of the San Francisco School.

Mr. Honikman’s recent comments have included:

  • ”They can’t support the necessary technology internally to succeed and they know it.”
  • "Do no harm your employees. If they leave, your customers leave.”
  • “We remain committed to serving our clients and continuing to provide the tools advisors need to prepare their clients for the future.”

Kunal Kapoor
(CEO, Morningstar)

 

 

CEO Summit XXXI
Speaker
Kunal Kapoor
(CEO, Morningstar
)


 

 

 

 

 

 

 

Kunal Kapoor, CFA is president of Morningstar’s Data division, responsible for managing the company’s investment databases and related products, including Morningstar® Data, the firm’s comprehensive offering of investment data, real-time market data, documents, and more available through a variety of delivery methods including electronic data feeds. Prior to assuming his current role in 2012, Kapoor was president of Equity and Market Data/Software. In 2009, he became president of Individual Software, responsible for Morningstar.com®, and in 2010, his role expanded to include the firm’s equity data business. Kapoor joined the company as a data analyst in 1997 and became a fund analyst in 1998. In 2001 he joined Morningstar Investment Services, Inc., a registered investment advisor and wholly owned subsidiary of Morningstar, Inc., as a senior research analyst. He was named editor of Morningstar® Mutual Funds™, the company’s flagship publication, in 2003, and in 2004 was appointed director of mutual fund analysis, where he led Morningstar’s team of mutual fund analysts. In 2006, Kapoor was named director of business strategy for Morningstar’s international operations. He also served as president and chief investment officer of Morningstar Investment Services. Kapoor holds a bachelor’s degree in economics and environmental policy from Monmouth College and a master’s degree in business administration from the University of Chicago Booth School of Business. He also holds the Chartered Financial Analyst (CFA) designation and is a member of the CFA Society of Chicago. In 2010, Crain’s Chicago Business named Kapoor to its annual 40 Under 40 class, a list that includes professionals from a variety of industries who are contributing to Chicago’s business, civic, and philanthropic landscape.

Mr. Kapoor’s recent comments have included:

  • “The very much of the discussion is the high costs of active vs. low cost of passive.”
  • “ Everyone thought robo-advisers were going to land with a big thud in the adviser community. But they have gained acceptance in that advisers have found ways to use the new tools they get”.
  • “The reality is that the vast majority of assets are concentrated in a few funds, and covering that select group is not a challenge.”

Rob Klapprodt
(President, Vestmark)

 

 

CEO Summit XXXI
Speaker
Rob Klapprodt
(President, Vestmark
)


 

 

 

 

 

 

 

Mr. Rob Klapprodt serves as President of Vestmark, Inc. Mr. Klapprodt served as the President of Vestmark Software of Vestmark Inc. Mr. Klapprodt has been at Vestmark since August of 2001 and is responsible for sales, marketing, business development and products. Prior to Vestmark, Mr. Klapprodt served as a Senior Product Manager at Vignette Corporation (NASDAQ: VIGN), where he was responsible for Vignette's analysis and personalization solutions. Mr. Klapprodt joined Vignette through their acquisition of DataSage, an eCRM software provider, in January 2000. At DataSage, Mr. Klapprodt held various positions in sales, consulting and product management, including the construction of the initial eCRM prototype which became DataSage's flagship product. Mr. Klapprodt worked at Oracle Corporation prior to DataSage, where he focused on Oracle's data warehousing and business intelligence solutions for large enterprises. Mr. Klapprodt holds a BS from Pennsylvania State University where he studied Economics and Mathematics.

Mr. Klapprodt’s recent comments have included:

  • “The costs and risks associated with managing IRAs and other retirement accounts under DoL will make it impractical for many firms to maintain them.”
  • “With the right technology, firms can create a viable operating model for advising retirements accounts and improve their operations overall.”
  • “As debates about robo-advisors continue to rage on, it’s hard not to flash back to similar stages for innovations that transformed other industries or daily life. For example, there was a time when social media was viewed as a fad.”

Chris Kitze
(CEO, Safe Cash Payment Technologies)

 

 

CEO Summit XXXI
Speaker
Chris Kitze
(CEO, Safe Cash Payment Technologies
)


 

 

 

 

 

 

 

Chris is a serial entrepreneur who has created companies with over $7 billion of market capitalization over his 25-year career. He’s been part of the Lycos’ IPO team, was founder and CEO of Xoom.com (IPO: 1998), and was CEO of NBCi, formed by the merger of Xoom.com and Snap.com, in addition to other companies in digital media and payments, such as Wine.com and Unseen. He is Chairman of Unseen, Director of IQzone, and General Partner at Flying Disc Investments. He was previously Director at iNome / Intelius, Chairman of Wine.com, CEO at Yaga, CEO at NBC Internet, Chairman at Xoom.com, VP Marketing at Lycos, CEO of Point Communications, Publisher at Softkey International, Publisher at The Learning Company, and CEO of Aris Multimedia. Chris’s patents include Method and system for delivering files in digital file marketplace, Method and system for generating a secure message as a URL message, Digital file marketplace, Method and system for automatically distributing fees, including a reseller commission, during a digital file transaction, and Efficient transportation of digital files in a peer-to-peer file delivery network. Chris authored The Electric Image and earned his BS in Chemical Engineering at the University of Colorado Boulder in 1981.

Mr. Kitze’s recent comments have included:

  • “The future of digital currency is very bright. We think it could replace most paper money in five years because it has a huge benefit for central banks & governments, banks, and for merchants & consumers.”
  • “What took years will now take months or days as most people have smartphones and are familiar with this technology.”
  • “If you are a merchant and you take credit cards, you have this huge problem of chargebacks, which run another 1% of your sales. They not only cost you the price of the money you collected but also a penalty fee from the card network.”

Aaron Klein
(CEO, Riskalyze)

 

 

CEO Summit XXXI
Speaker
Aaron Klein
(CEO, Riskalyze
)


 

 

 

 

 

 

 

Aaron’s career has largely been at the intersection of finance and technology. As Co-Founder and CEO at Riskalyze, he led the company to twice being named one of the world’s top 10 most innovative companies in finance by Fast Company Magazine. Today, 90 Riskalyzers serve thousands of advisors who manage over $90 billion on the platform. In his spare time, Mr. Klein serves as a Sierra College Trustee, and co-founded a school project for orphans and vulnerable kids in Ethiopia. He has been honored by Investment News as one of the industry’s top 40 Under 40 executives.

Mr. Klein’s recent comments have included:

  • “In five years, there will be a plethora of digital advice platforms, because the diversity of thousands of advisory business models and approaches won’t go away, and our different advisor-facing technology needs to become more client-facing.”
  • “But we can’t out-robo the robo-advisors. In the race to depersonalize the investor experience, the venture capital-backed money will win.”
  • “Advisors say they want simplicity, and then they send us requests on a monthly basis to make it more complicated. We simply say no, because at the end of the day they still want simplicity, and it’s something they love us for.”

Michael Kossman
(Chief Operating Officer, Aspiriant)

 

 

CEO Summit XXXI
Speaker
Michael Kossman
(Chief Operating Officer, Aspiriant
)


 

 

 

 

 

 

 

Michael is currently the Chief Operating Officer and Chief Compliance Officer of Aspiriant, a premier wealth management firm serving an elite clientele. He joined a predecessor firm (Kochis Fitz) in August, 2000 and was Aspiriant’s CFO from formation in 2008 until 2012. He now serves on the firm's Board of Directors, Managing Committee, and Firm Strategy Committee, as well as Chairs the Compensation Committee. He brings over 25 years of broad-based business experience in finance, human resources, technology, operations, taxation, regulatory environments, and strategic planning. Michael received his CPA license in 1991, and shortly thereafter joined Gap, Inc., succeeding to the role of International Tax Manager, providing planning and compliance support to both domestic and foreign operating companies and expatriates in Canada, the United Kingdom, France, Hong Kong, and Japan. Michael also had the honor of being selected to serve on the Gap Foundation Grants Committee. After leaving Gap, Inc., Michael worked as the Deputy Executive Director at Project Open Hand, a large institutional social services agency, for six years, where he ultimately oversaw programs that fed more than 2,000 people daily through home delivered meals, drop-in grocery programs, and congregate lunch sites.Michael has devoted significant amounts of time and energy to the community of San Francisco, including board positions with DIFFA/San Francisco, The National AIDS Memorial Grove, and Frameline. He was also a founding board member of ANSA, now the premier international voice for nutrition services programs, and a very early member of Plan C, a local political organization. In recognition of his efforts, March 31, 2000 was proclaimed Michael Kossman Day in San Francisco by Mayor Willie L. Brown. Michael earned his Bachelor of Arts degree in Business Economics from the University of California, Santa Barbara in 1986 where he graduated Magna Cum Laude.

Mr. Kossman’s recent comments have included:

  • ”Get better, not necessarily bigger.”
  • "Robo advisors are not a threat. If you don’t pay for something is difficult to see the value.”
  • “In terms of size, between $0.5 and $1.5 billion is fine.”

Lee Kranefuss
(Co-Founder, 55 Capial Partners)

 

 

CEO Summit XXXI
Speaker
Lee Kranefuss
(Co-Founder, 55 Capital Partners
)


 

 

 

 

 

 

 

Mr. Lee T. Kranefuss serves as an Executive Chairman of Source UK Services Limited. Mr. Kranefuss has been an Executive-In-Residence at Warburg Pincus LLC since December 10, 2012. Mr. Kranefuss is responsible for identify and evaluate investment in exchange-traded funds, index investing and asset management across Europe, Asia, and Latin America. Mr. Kranefuss serves as the Chairman, Principal Executive Officer and President of MEC Retail and BlackRock Fund Advisors. He served as the Principal Executive officer of iShares Trust - iShares Cohen & Steers REIT ETF and served as its President since June 18, 2003. Previously, he served as the Chief Executive Officer for Individual Investor Business at BGI from 1997 to 2003 and Chief Executive Officer of Global Index and Markets Group since 2005. Mr. Kranefuss served as the Chief Executive Officer and President at Barclays Global Investors International, Inc. since 2005. He served as Chief Executive Officer of Barclays Global Investors Services since 2005. He served as a Managing Director at Barclays Global Investors, N.A since May 1997. Previously, from September 1991 to May 1997, he served as a Consultant at The Boston Consulting Group. He served as Chief Executive Officer of Intermediary Investor & Exchange Traded Products Business from 2003 to 2005 and Head of Global Index & Market Strategies at BlackRock Institutional Trust Company, N.A. He has been Chairman of iShares Trust - iShares Cohen & Steers REIT ETF since June 18, 2003. He serves as the Chairman of Source Investment Management Limited. He served as Chairman of Barclays Global Investors Services since 2005. Mr. Kranefuss has been a Director at EETF PLC (Dublin) since 2003. He has been Trustee of Master Investment Portfolio since 2001. He has been Trustee of iShares Trust - iShares Cohen & Steers REIT ETF since June 18, 2003. Mr. Kranefuss served as Director of Barclays Global Fund Advisors since October 2005. He served as a Director of Barclays Global Investors International Inc. Mr. Kranefuss holds an M.B.A. from the University of Pennsylvania in 1991 and a Bachelor of Science in Electrical Engineering from Cornell University in 1984.

Mr. Kranefuss’ recent comments have included:

  • “It’s not the world become passive, it’s about a redefinition of passive.”
  • "Active and passive are gonna be blended together in the future.”
  • “You’ll have to have some active management on the portfolio or you will disappoint the customer.”

Jim Lockhart
(Vice Chairman, WL Ross & Company Invesco)

 

 

CEO Summit XXXI
Speaker
Jim Lockhart
(Vice Chairman, WL Ross & Company Invesco
)


 

 

 

 

 

 

 

Jim Lockhart is Vice Chairman of WL Ross & Company. His responsibilities include overseeing financial services portfolio companies and sourcing new opportunities in the financial services industry. Mr. Lockhart previously was the director of Federal Housing Finance Agency and chairman of its Oversight Board, and director of its predecessor agency, the Office of Federal Housing Enterprise Oversight. He also served on the Financial Stability Oversight Board, overseeing the TARP Program. Mr. Lockhart was the deputy commissioner and chief operating officer of the Social Security Administration and executive director of Pension Benefit Guaranty Corporation. Mr. Lockhart's private sector financial services experience includes senior positions at an investment bank, reinsurer, insurance broker, risk management firm and major oil company. He also served as an officer aboard a nuclear submarine.

Mr. Lockhart’s recent comments have included:

  • “We recommend employees from small companies to join a pool retirement plans with other employees.”
  • "We recommend $500 saving for young people and low income people.”
  • “There is a real need to bring capital to various segments of the financial industry: from small to medium banks, insurance companies, as well as mortgage servicing and origination.”

Bo Lu
(CEO, FutureAdvisor)

 

 

CEO Summit XXXI
Speaker

Bo Lu
(CEO, FutureAdvisorspan>


 

 

 

 

 

 

 

Bo Lu is CEO and co-founder of FutureAdvisor, a robo-advisor that has automated portfolio management. He is the eldest son of Chinese immigrants who fled communist China in the years after Tiananmen Square. The Lu's settled in Chicago, and Bo majored in computer science at the University of Illinois Urbana-Champaign. Mr. Lu joined Microsoft, where he met his co-founder Jon Xu, as a software engineer. An investor since the dot-com bubble, Mr. Lu saw that the young professionals working with him were unable to find unbiased financial advice. In 2010, he and Jon Xu founded FutureAdvisor, took it through YCombinator, and raised their first round. The company now employs nearly 40 people, manages about $250 million in assets (18 times more than a year ago), and is backed by Sequoia Capital and Canvas Venture Fund. Mr. Lu is a registered investment advisor and holds a Series 65 license. .

Mr. Lu's recent comments have included:

  • “We don’t bring the money to technology. We bring the technology where the money is.”
  • "This industry is about scales”.
  • “There is no natural way of software answers the questions to our clients.”

Joel Mandelbaum
( CEO, Strategic Insight)

 

 

CEO Summit XXXI
Speaker
Joel Mandelbaum
(CEO, Strategic Insight
)


 

 

 

 

 

 

 

Joel has deep experience delivering information and workflow solutions to financial services clients and is a graduate of MIT. Joel joined Asset International from Warburg Pincus, where he was Entrepreneur in Residence and Senior Advisor. Previously, he held the position of CEO at Wall Street Systems. Asset International is the 12th financial services business managed by Joel.

Mr. Mandelbaum’s recent comments have included:

  • “We are dedicated to helping our clients and, in turn, deepen and broaden their offerings to their clients.”

Steve McLaughlin
(Managing Partner, Financial Technology Partners)

 

 

CEO Summit XXXI
Speaker
Steve McLaughlin
(Managing Partner, Financial Technology Partners
)


 

 

 

 

 

 

 

Financial Technology Partners, founded by Steve McLaughlin, Managing Partner, formerly a senior investment banker in Goldman Sachs & Co.'s Financial Technology Group and Financial Institutions Group in New York and San Francisco. Mr. McLaughlin has personally advised on hundreds of highly successful FinTech transactions over the years and no other investment banker has a more consistent track record for successfully completing deals across the wide array of FinTech that includes Payments, Banking Tech, Alternative Lending, Insurance Tech, Healthcare Tech, Financial Management Solutions and Financial BPO. Having earned a reputation for delivering record setting results for his clients, Steve has demonstrated that his unique focus and insight into the FinTech marketplace provides a competitive advantage unmatched in the sector.

Mr. McLaughlin’s recent comments have included:

  • ”This is an evolution, not a revolution. Digital Wealth Management is already changing the way money is managed.”
  • "Some insurance players will make acquisitions on fintech companies.”
  • “Today’s robos and DWM will be eclipsed by the next wave. It’s all about having enough capital.”
  • “Look at what ApplePay is doing.”

Nathan Mersereau
(President, Planning Alternatives)

 

 

CEO Summit XXXI
Speaker
Nathan Merserau
(President, Planning Alternatives
)


 

 

 

 

 

 

 

With over 20 years of experience in the financial services industry, Nathan Mersereau brings a wealth of knowledge and expertise to Planning Alternatives. Prior to joining the firm in 2009, Nathan was the owner and President of Oakland Wealth Management. Nathan is responsible for leading the strategic direction of Planning Alternatives as well as overseeing WealthCare Advisors, an affiliate firm providing wealth management services to physicians. As a Certified Financial Planner®, Nathan provides comprehensive financial planning solutions to clients with a specialization in planning for financial independence. Nathan has contributed to various media publications including USA Today, the Wall Street Journal and Michigan Medicine, as well as appeared on NBC’s WDIV-TV Channel 4. Nathan holds a Bachelors of Arts in Administrative and Commercial Studies from the University of Western Ontario and a Bachelors of Commerce in Finance from the University of Windsor. He is a member of Young Presidents’ Organization (YPO), a premier peer network of chief executives and business leaders. Nathan is a contributing member of the CNBC – YPO Chief Executive Network.

Mr. Mersereau’s recent comments have included:

  • ”Culture is the king.”
  • "Before making any business with someone ask yourself: Would I spend a day in a canoe with you?”.
  • “Be strategic and implement relentlessness.”

Sanjiv Mirchandani
(President, Fidelity Clearing & Custody)

 

 

CEO Summit XXXI
Speaker
Sanjiv Mirchandani
(President, Fidelity Clearing & Custody)
)


 

 

 

 

 

 

 

Sanjiv Mirchandani is president of Fidelity Clearing and Custody SolutionsSM, the business that offers a comprehensive clearing and custody platform, trading capabilities and business process and operations consulting to banks, broker-dealers, registered investment advisors, professional asset managers, strategic acquirers and retirement advisors and recordkeepers. Mr. Mirchandani joined Fidelity Investments in 1994 and has held several positions, including president of products and marketing for Personal and Workplace Investing, where he was responsible for the management, growth and profitability of Fidelity's consumer products and services for retail and workplace investors. Prior to that role, he acted as executive vice president of brokerage and asset management products within the personal investments business, including Fidelity's retail mutual funds, FundsNetwork, Portfolio Advisory Services, brokerage accounts and retirement, education and healthcare savings products. Before that, he was general manager for the retail retirement business, including contributory IRAs, rollover IRAs, self-employment plans and pre-retiree services. Prior to being named general manager, he was senior vice president of customer segment management, where he was responsible for marketing and improving customer profitability for all of Fidelity's retail customer segments. Mr. Mirchandani began his career at Fidelity as senior vice president of retail market planning, overseeing retail strategy with functional responsibility for market research, database marketing and industry analysis. Prior to joining Fidelity, Mr. Mirchandani spent six years at the American Express Company as a director of marketing in the consumer card business. He began his career at the Citibank consumer bank, where he worked for three years. Mr. Mirchandani received a bachelor of commerce degree from the University of Bombay, in India, in 1982 and an MBA from Cornell University in 1984.

Mr. Mirchandani’s recent comments have included:

  • “Offering advice to baby boomers is where the business is.”
  • "The competitive advisor compels digital knowledge and financial advising."
  • “We have to consider a lot of exits as the industry is consolidating.”

Robert Moore
(CEO, Cetera Financial Group))

 

 

CEO Summit XXXI
Speaker
Robert Moore
(CEO, Cetera Financial Group)
)


 

 

 

 

 

 

 

Robert Moore was appointed chief executive officer of Cetera Financial Group in September 2016. As CEO, Mr. Moore assumes overall executive responsibility for Cetera Financial Group, which includes: Cetera Advisors, Cetera Advisor Networks, Cetera Financial Institutions, and Cetera Financial Specialists along with First Allied Securities, The Legend Group, Summit Brokerage Services, and Girard Securities. He also continues to serve as a member of Cetera’s board of directors. Mr. Moore was formerly the chief executive officer of Legal & General Investment Management America (LGIMA). Prior to joining LGIMA, Mr. Moore served as president of LPL Financial with oversight of the company’s primary client-facing functions, client service and operations teams. Prior to becoming president of LPL, he served as CFO. Before joining LPL Financial, Mr. Moore served as chief executive officer at ABN AMRO North America and La Salle Bank Corporation. He has also held a number of finance management positions, as well as key investment and portfolio management roles earlier in his career. He currently serves on the Insured Retirement Institute (IRI) Executive Committee, Advisory Board for the Securities Industry & Financial Markets Association (SIFMA), as well as a board member for Invest in Others, the Chicago Shakespeare Theater, and Chicago History Museum. He is a former member of the board of the Financial Services Institute, the development board for The University of Texas, Austin and has also served on the LIGMA board since 2008. Mr. Moore currently holds Series 7, 24, 27, 99 securities registrations and is a Charted Financial Analyst (CFA).

Mr. Moore’s recent comments have included:

  • “I do believe this is a tremendous opportunity of simplifying our business.”
  • "Client experience is gonna be proofed”.
  • “With this ecosystem, we’re gonna have a very powerful opportunity to have great conversations with our clients”.
  • "This is highly about personal advice more than about financial advice”.

Bob Moser
(CEO, Laird Norton Wealth Management)

     

     

    CEO Summit XXXI
    Speaker
    Bob Moser
    (CEO, Laird Norton Wealth Management
    )


     

     

     

     

     

     

     

Bob Moser, CEO of Laird Norton Wealth Management since 2008 has more than 30 years of experience in private wealth management, financial services and business management. Laird Norton Wealth Management was founded by clients for the benefit of clients and it is Bob’s Chalenge to broaden and enhance operations at an organization that’s already exemplary at what it does.This means focusing on leadership-building and select growth opportunities as the decade unfolds, while at the same time ensuring safety and continuity for clients, employees and owners. Bob focuses on leadership-building and select growth opportunities as the decade unfolds, while at the same time ensuring safety and continuity for clients, employees and owners. He is also is a Board Chair at College Success Foundation, Advisory Board Chair at King County Parks Foundation, a board member for The Virginia Mason Foundation, a board member at Treehouse and a board member at Amara. In 2013, Bob lead LNWM’s efforts to create the King County Parks Foundation, in partnership with King County Parks.

  • Mr. Moser’s recent comments have included:

    • “There are two important components when you manage individual wealth: You have to fundamentally understand the economic drivers of the business and you have to truly have the best interest of clients at heart.”
    • “Even in these depressed economic times, we are still seeing wealth being created and it will continue to be a growth market for five to 10 years.”
    • “I love this business. I love working with clients.”

Christine Nigro
(Vice Chairman, Axa Advisors)

 

 

CEO Summit XXXI
Speaker
Christine Nigro
(Vice Chairman, Axa Advisors
)


 

 

 

 

 

 

 

hristine Nigro is a managing director for AXA Equitable Life Insurance Company (NY,NY) and vice chairman of AXA Advisors, LLC, the broker/dealer for the retail distribution channel for the company. Ms. Nigro is responsible for managing all aspects of the distribution platforms (Broker- Dealer and Crump), digital strategy and adoption, practice management and field support for 5,200 AXA Advisors financial professionals nationwide. Ms. Nigro has more than 20 years of experience in the financial services industry, and joined AXA Advisors in February 2006 as chief operating officer (COO) of the broker/dealer. As COO, she played a major role in enhancing the operational efficiency of the broker/dealer and in providing strategic guidance to expand its service, technology and investment product offerings to support the wide range of needs of AXA Advisors financial professionals and clients. Ms. Nigro has held numerous management roles for domestic and global organizations. Prior to joining AXA Advisors, she was vice president and director of Personal Financial Services, Investment Operations and Customer Service for JP Morgan Chase, where she was responsible for supporting telephone customer sales, service, and product administration. Previously, Ms. Nigro was vice president of the International Private Client Group for Merrill Lynch, where she was responsible for creating new products and developing local markets in the United Kingdom and Australia. Earlier, she spent eight years with Fidelity Investments: four in the United Kingdom where she was responsible for the execution, clearing and custody for the organization’s assets for more than 40,000 clients. Ms. Nigro earned a Bachelor of Arts degree from Ithaca College. She holds the FINRA Series 7, Series 24, 51 and U63 registrations.

Ms. Nigro’s recent comments have included:

  • “We have already moved to relationships.”
  • "Do the demographics because it makes business sense”.
  • “You are (to the audience) the key keepers four your customers.”
  • “We’re helping our advicers, and therefore our clients, to deal with changes”.

Russ Norwood
(Founding Partner, Venturi Wealth Management)

 

 

CEO Summit XXXI
Speaker
Russ Norwood
(CEO, Trust Company of America
)


 

 

 

 

 

 

 

Russ Norwood is a Founding Partner and the Managing Director for Venturi Wealth Management. Russ provides investment guidance and wealth management strategies to highly affluent clients, with particular depth in discretionary portfolio management, alternative investments, and estate planning. He has significant experience providing planning and investment advisory services to clients with concentrated wealth, predominantly from the ownership of closely held businesses or equity ownership in a publicly traded company. A strategic thinker, Russ is adept at connecting a client’s long-term wealth management needs with his or her near-term investment selection and structure. Prior to founding Venturi Wealth Management, Russ spent more than twenty three years at Merrill Lynch, where he was a Managing Director and Private Wealth Advisor within the Private Banking and Investment Group. Russ has worked in financial services since 1986. He began his career at Prudential Bache in the Corporate Executive Services Department. Russ earned his B.A. in Business Economics from the University of Texas at AustinBarron’s magazine has named Russ one of the Top 1,000 Financial Advisors in America from the inception of the accolade in 2009 through 2015, inclusively.* Russ has served on a number of boards ranging from large-budget social service organizations to his school district’s education foundation. An Instrument-Rated Private Pilot and an avid aviator, he flies volunteer missions for Angel Flight, an organization that provides free medical transportation to patients battling cancer and other serious illnesses. In his free time, he enjoys hunting, fishing, tennis, and golf. Russ lives in Lakeway, Texas, with his wife Kelly and their two daughters.

Mr. Norwood’s recent comments have included:

  • “The Breakaway process is too difficult for most advisors. Less than 5% of advisors at wires are equipped to face the challenge. This favors independent firms or platforms that can create the right culture.”
  • “ To win more business in the UHNW market, custodians and vendors should focus on market segmentation. .”
  • “The RIA/Breakaway market is ripe for a technology aggregator. Technology delivery is very fragmented.”

Josh Pace
(CEO, Trust Company of America)

 

 

CEO Summit XXXI
Speaker
Josh Pace
(Head of Global Strategy, Envestnet
)


 

 

 

 

 

 

 

Joshua Pace assumed the role of CEO at Trust Company of America (TCA) in June, 2015 after serving as the Chief Business Officer at TCA, leading sales and business development efforts, since 2012. Joshua Pace joined Trust Company of America (TCA) in 2012 with over 20 years of experience in the growth and leadership of a diverse set of financial, service and technology companies. Prior to joining TCA, Joshua was the chief financial officer for a world leader in the luxury travel and rotary wing aviation industry. There, he led all financial and technology initiatives and played a significant role in the continued development of successful channel management and strategic initiatives driving business and customer growth in 46 countries. He currently serves as the founder and president of Bicycles for Humanity – Colorado, a non-profit delivering donated bicycle to healthcare workers in rural Africa. Joshua holds an MBA in international finance from the University of Colorado and a bachelor of science in accounting from the University of North Carolina, and is a certified public accountant.

Mr. Pace’s recent comments have included:

  • “Independent advisors are somewhat under siege. There are some advisors who can’t keep up with the competitive threat that your custodian is your archrival. The frustration is palpable in the advisor community.”
  • “An open architecture style platform provides advisors with the greatest flexibility to manage their businesses their way.”
  • “Investors have their best shot at a good financial outcome by working with an advisor.”

Alex Potts
(CEO, Loring Ward Group)

 

 

CEO Summit XXXI
Speaker
Alex Potts
(CEO, Loring Ward Group
)


 

 

 

 

 

 

 

Alex Potts is the President and C.E.O. of Loring Ward Group Inc. as well as President and C.E.O. of the SA Funds – Investment Trust. Previously, he was the Chief Operating Officer of LWI Financial Inc. He has also served as Chief Executive Officer of RNP Advisory Services, Inc., a registered investment advisory firm. Potts started the SA Funds – Investment Trust and founded Loring Ward Securities Inc. (formerly Assante Capital Management Inc.). In addition, he served as Executive Vice President and General Manager of LWI Financial Inc. (formerly Assante Asset Management, Inc.) Potts earned a Bachelor of Science Degree in Economics from Santa Clara University. He holds General Securities (Series 7), State Law (Series 63) and General Securities Principal (Series 24) licenses.

Mr. Potts’ recent comments have included:

  • “We believe clients are lucky to have a trusted advisor in their lives, looking out for them.”
  • “I believe Fiduciary Standards will massively change our industry…for the better.”
  • “We are driven to improve the financial aspects of people’s lives and the possibilities this enables.”

Lowell Putnam
(CEO, Quovo)

 

 

CEO Summit XXXI
Speaker
Lowell Putnam
(CEO, Quovo
)


 

 

 

 

 

 

 

Lowell Putnam is CEO of Quovo, an investment insights company that empowers investors by reimagining elite portfolio analytics as one simple, intelligent platform. Quovo's proprietary technology combines big data horsepower with elegant simplicity, enabling investors of any size or sophistication level to make smarter investment decisions. Mr. Putnam previously worked at Lehman Brothers.

Mr. Putnam’s recent comments have included:

  • “We can use data to tell a story or unlock an insight.”
  • “There’s even more opportunity today than there was two years ago, because the incumbents are looking for change.”
  • “Most advisors are small or medium size and trying to grow, most endowments are small and can’t afford a big solution.”

Todd Ruppert
(CEO, Litman Gregory Asset Management)

 

 

CEO Summit XXXI
Speaker
Todd Ruppert
(Founder, Ruppert International & Venture Partner, Greenspring Associates
)


 

 

 

 

 

 

 

R. Todd Ruppert has over 30 years of experience in the financial services industry. He retired from T. Rowe Price, the global asset management firm with $775 billion under management, where he established the firm’s intermediary business, led the US institutional business, incepted the firm’s international business, was board member, CEO and president of T. Rowe Price Global Investment Services, board member and co-president, T. Rowe Price International, and a member of the operating steering committee of the T. Rowe Price Group. He is currently a venture partner at Greenspring Associates, a US based venture capital firm with over $4 billion under management. He is the founder and CEO of Ruppert International, a firm with diversified interests globally in various fields including education, financial services, disruptive technologies, publishing, arts and entertainment, and strategy consulting. He is president of London’s Royal Parks Foundation (USA), global ambassador for the Duke of Edinburgh’s Award, and a board member of the Rock & Roll Hall of Fame. His numerous board and advisory board roles are for the following organization‘s located around the globe: Education: INSEAD business school, Duke University, Kenyon College, Furman University, MPowerFinancing, Maryland Academy of Sciences, Cal Ripken Sr. Foundation Financial Services: Athena Capital, inStreamSolutions, SPQ Asia Opportunities, Tandem Bank, Trinity Street, Green Visor Capital, SenaHillPartners, Q Ventures, Nutmeg, Seedrs, Osmosis Investment Management, Brazilinvest Disruptive Technologies: Symbiont.io, AirexMarket, Trov, Tengi.org, Hubub, WISeKey Publishing: Investments & Pensions Europe, Funds Europe, Funds Global, Top 1000 Funds Arts and Entertainment: Pall Mall Art Advisors, Round World Entertainment, Bottletop.org, Iconic Images.net, Infinity Creative Media, Luxios Strategy Consulting: Gold Mercury.org, Laurel Strategies Todd is the executive producer of three documentary films –A Year in Burgundy, A Year in Champagne and A Year in Port. He was the co-producer of the musical, Happy Days.

Mr. Ruppert’s recent comments have included:

  • ”We have to increase the need for illiquid investments in clients portfolio.”
  • "There are a lot of opportunities out there not only in fintech companies.”
  • ”It’s difficult for individual customers to have access to private companies as hedge funds do and this doesn’t make them happy.”

Steve Savage
(CEO, Litman Gregory Asset Management)

 

 

CEO Summit XXXI
Speaker
Steve Savage
(CEO, Litman Gregory Asset Management
)


 

 

 

 

 

 

 

Steve joined Litman Gregory in 1999, became a principal in 2003, and became a CEO in 2010. In addition to overall business management responsibilities, he directly oversees the Litman Gregory Masters Funds mutual fund business. Prior to joining Litman Gregory, Steve founded and served as executive director of both Value Line's mutual fund research and electronic publishing divisions. Steve has over 30 years of experience in mutual fund and investment research.

Mr. Savage’s recent comments have included:

  • “We recognize that younger people would prefer a forward-thinking culture to one that is stodgy and conservative - this is easier to find in the tech world than the financial world but we see it as a way to differentiate in a very positive way.”
  • “Being forward-thinking means taking advantage of the flexibility that technology allows.”
  • “Unique isn't necessarily all tech and social media.”

Skip Schweiss
(President, TD Ameritrade Trust Company)

 

 

CEO Summit XXXI
Speaker
Skip Schweiss
(President, TD Ameritrade Trust Company
)


 

 

 

 

 

 

 

Mr. Skip Schweiss serves as President of TD Ameritrade Trust Company at TD Ameritrade Institutional, Inc. Mr. Schweiss is responsible for TD Ameritrade Institutional’s Retirement Plan Services platform. Mr. Schweiss serves as Managing Director of Advisor Advocacy & Industry Affairs. In this role, he is charged with increasing TD Ameritrade Institutional’s participation and voice in the financial services industry, and identifying key issues of importance to advisors and their clients. He served as an Executive Vice President of Fiserv Health, Inc. Prior to this appointment, he held a variety of management positions at Fiserv Investment Support Services. He holds Series 7 and 24 securities licenses and is a member of the Financial Planning Association. He has completed the Securities Industry Institute program, sponsored by the Securities Industry and Financial Markets Association (SIFMA) at the Wharton School of Business. Mr. Schweiss holds a B.S. in business administration from the University of South Dakota and a M.S. in finance from the University of Colorado..

Mr. Schweiss’ recent comments have included:

  • “While our industry has made great progress, RIAs still have much work to do helping policy makers and investors understand that it matters a great deal from whom you get your investment advice.”
  • “Any recommendation for compensation makes you a fiduciary.”
  • “ERISA-like fiduciary protections now apply toIRAs, and to IRA rollovers.”

Mike Sha
(CEO, SigFig)

 

 

CEO Summit XXXI
Speaker
Mike Sha
(CEO, SigFig
)


 

 

 

 

 

 

 

Mike Sha is CEO of SigFig. Prior to SigFig, Mr. Sha held senior roles at Amazon where he launched and built the Amazon Visa Card into one of the fastest growing consumer loyalty cards in history, was one of the original inventors of Amazon's Prime program, as well as built sophisticated fraud detection models that leveraged statistical data analysis in preventing online fraud. Mike has a BA in Apllied Math and an MS in Computer Science from Harvard.

Mr. Sha’s recent comments have included:

  • “In next couple of years is when robo advisors will grow up.”
  • "The scale will come up when putting robo technology in big institutions of the industry”.
  • “Technology can help to run the business more efficiently.”

Erik Strid
(CEO, Concentus Wealth Advisors)

 

 

CEO Summit XXXI
Speaker
Erik Strid
(CEO, Concentus Wealth Advisors
)


 

 

 

 

 

 

 

Erik is one of the co-founders of Concentus Wealth Advisors and currently serves as the Chief Executive Officer of the firm. With over 25 years of industry experience, Erik guides the firm’s overall strategy. Erik currently holds his general securities registrations and insurance licenses, as well as CERTIFIED FINANCIAL PLANNER™ and Chartered Financial Consultant designations. In addition to his formal designations, Erik has appeared on CNBC’s Worldwide Exchange, Fox News’ America’s News HQ, Live Well’s Mary on Money, CN8’s Money Matters Today and The Real Estate Connection. In 2012, Erik was one of thirteen advisors named to Main Line Today’s Top Financial Advisors list. Erik’s career in the financial services industry is based on two key principles: putting the client’s interests first and providing exceptional personal service. Through the personalized service that has become Erik’s trademark, he takes the time to prepare and educate our clients so that they feel more confident with each decision they make. His commitment to identifying specific investment needs—combined with outstanding personalized service—has resulted in many satisfying, long-term relationships for the firm.

Mr. Strid’s recent comments have included:

  • “It’s important the client knows what rate he is paying for financial advising and what rate for money investment.”
  • "When you have talked a lot to people, they ask you: “Are you guys really serious?”.”
  • “It’s a tough challenge as a lot of people don’t success.”

Ron Suber
(President, Prosper Marketplace)

 

 

CEO Summit XXXI
Speaker
Ron Suber
(President, Prosper Marketplace)
)


 

 

 

 

 

 

 

As President of Prosper Marketplace, Ron is responsible for developing and executing the business development strategy to attract borrowers to the site, as well as ensure a balance between institutional and retail investors on the Prosper platform. He brings more than 20 years’ experience in sales, marketing and business development across the hedge fund, broker dealer and registered investment advisor industries. Before joining Prosper, Ron was Managing Director at Wells Fargo Securities. Prior to Wells Fargo, Ron served as the Head of Global Sales and Marketing and Senior Partner for Merlin Securities. Ron also served as President of Spectrum Global Fund Administration, and spent 14 years at Bear Stearns where he served as Senior Managing Director and Manager of Global Clearing Sales. Ron earned a B.A. in Economics from the University of California, Berkeley.

Mr. Suber’s recent comments have included:

  • ”Think of money as you think of Uber and Airbnb.”
  • "The real threat are the messaging companies managing financial transactions.”
  • “15 years ago over $2T were concentrated in companies where just one was a tech company (Microsoft). Today are concentrated on top 5 tech market companies: Apple, Alphabet, Microsoft, Amazon and Facebook.”
  • “Google Venture is gonna make some important acquisitions soon.”

 

Andy Swan
(CEO, LikeFolio)

 

 

CEO Summit XXXI
Speaker
Andy Swan
(CEO, LikeFolio
)


 

 

 

 

 

 

 

Andy Swan is the CEO of LikeFolio. He is a technologist, entrepreneur, bourbon connoisseur, sports fan, and co-founder of LikeFolio. LikeFolio provides investors and companies with actionable research based on data derived from consumer actions on social media. LikeFolio scans Twitter for mentions of 30,000 brands and consumer products owned by over 2000 publicly traded companies. It scores those mentions on consumer sentiment and purchase intent. Through this unique process of gathering consumer data, LikeFolio’s proprietary approach lends itself to providing accurate predictions of revenue reports, and ultimately the direction of a stock. In 2015, LikeFolio was named one of the Most Innovative Companies in Personal Finance by Fast Company.

Mr. Swan’s recent comments have included:

  • “Robo advisors buy advising for advisors. Help them to utilize their time focused on real opportunities with their customers.”
  • “It only made sense to turn to social media, which tells us so much about what companies young investors are connected with in real life. It allows them to feel more confident, because they understand what they are investing in”.
  • “Instead of asking yourself a question, ask your target audience a question "Will you buy this?".”

Bill Van Dresser
(Managing Partner, Legacy Wealth Advisors)

 

 

CEO Summit XXXI
Speaker
Bill Van Dresser
(Managing Partner, Legacy Wealth Advisors
)


 

 

 

 

 

 

 

William VanDresser, previously Executive Vice President and Managing Director of Wealth Management at Gibraltar Private Bank & Trust in Coral Gables, Fla., has more than 25 years of experience in the financial services industry. Elden J. LeGauxformerly served as Executive Vice President and Wealth Management Managing Director, also at Gibraltar. His background of more than two decades includes positions with Global Wealth Management Partners in New York and U.S. Trust Company in Connecticut. Eugene Frankelwas previously an Investment Manager at Digital Sky Technologies, one of the world's largest technology-focused private equity firms. "The name Legacy Wealth Partners reflects our commitment to our clients and the growth and maturation of our own business," said Mr. VanDresser. "HighTower's platform infrastructure and community of elite advisors augment our ability to deliver impeccable service to our clients and fuel the continued growth of our firm."

Mr. Van Dresser’s recent comments have included:

  • “I’ve had clients for many years, and they have had fairly significant liquidy events”
  • “ The noose of compliance will choke away the ability to creatively serve wealthy clients under the “big bank” or “big broker/dealer” model”.
  • ““Give me liberty or give me…what?” Independence is tremendous untilyou find out what it costs…what does it cost, and is it worth it?”

Tom Wagner
(Partner, Summit Wealth Group)

 

 

CEO Summit XXXI
Speaker
Tom Wagner
(Partner, Summit Wealth Group
)


 

 

 

 

 

 

 

Tom is a Partner of the firm. He is a CFP® professional. He is a graduate of the University of Vermont with a degree in math, and holds an MBA in Finance from Wichita State University. After 6 years in the Air Force as a Captain and ICBM launch officer, he began his financial career as an international banker with a major bank. Returning to Vermont he was a commercial lender with Vermont’s largest bank, and later was a chief financial officer and chief operating officer of a manufacturing firm. Tom enjoys xc skiing, biking, swimming. He and his wife have two children and four grandchildren.

Mr. Wagner’s recent comments have included:

  • “Sophisticated wealth management and life planning make our clients have the confidence that we understand their situation better than anyone else, and that we are able to make a difference in their lives..”

Jane Williams
(Chairman, Sand Hill Global Advisors)

 

 

CEO Summit XXXI
Speaker
Jane Williams
(Chairman, Sand Hill Global Advisors
)


 

 

 

 

 

 

 

As Chair and co-founder, Jane Williams advances the business development goals and advises on the strategic direction of Sand Hill Global Advisors. She sits on the Executive Committee and is responsible for oversight of Sand Hill's compliance function. Jane participates in industry panels and organizations dealing with topics of best business practices; she is a member of the Fidelity Investment Advisors’ Council, and is Vice Chair of the Board of Governors of the Investment Adviser Association (IAA) and a Chair of the Government Affairs Committee.With over 38 years of experience in the investment field, Jane is recognized as an expert for the work she has done with individuals – particularly women – and couples in financial transition. Serving the family court as a qualified expert in several San Francisco Bay Area counties, she testifies on topics ranging from prudent investment strategies, rate of return, and related financial topics. She served for seven years as a Board member of the Silicon Valley Community Foundation, and its predecessor, Peninsula Community Foundation, chairing the Investment Committee for most of her tenure. She served as a Trustee for the University of California-Santa Barbara Foundation, and was a member of the Investment, Finance, and Executive Committees. Currently, Jane serves on the Advisory Board for Ravenswood Family Health Center in East Palo Alto, and is a member of the Palo Alto Medical Foundation Philanthropy Advisors Council. Jane is a frequent speaker in a variety of settings, including the Stanford Charitable Giving Conference. In October 2010, Jane received the Charles Schwab & Co. IMPACT® 2010 Leadership Award. In addition, Jane has been listed as one of the 100 Most Influential Women in Business in the San Francisco Bay Area by the San Francisco Business Times and San Jose/Silicon Valley Business Journal. She was named to the Top 50 Women in Wealth by Wealth Manager Magazine in May 2010. Jane was named to the Barron’s List of Top Women Financial Advisors in the nation in both 2014 and 2015. In September 2014, she was honored by the Palo Alto Chamber of Commerce with the Athena Award, which recognizes the achievements of outstanding professional and business women.

Ms. Williams’ recent comments have included:

  • “We have to do something new and special for clients every day to keep the business and continue to grow.”
  • “We need to put client interests first — you can’t have a double standard for one group of advisors and another for brokers.”
  • “Members of the brokerage industry have to decide: Are their responsibilities to their firms or to their clients?”

John Wise
(CEO, InvestCloud)

 

 

CEO Summit XXXI
Speaker
John Wise
(CEO, InvestCloud
)


 

 

 

 

 

 

 

InvestCloud Chairman and CEO, is a serial entrepreneur and CEO responsible for creating several companies including: Synergo Technology, the UK leading Agency Brokerage solution; TCA Syntec, the first EAI company in Europe; Netik, the securities market leading data warehouse and portal company responsible for 70 of the World’s largest banks including: Citibank, UBS, PNC, SEI, Fortis, BNP, Scotia and Pershing. John received a double honors degree in Cybernetics and Computer Science, and is a Chartered Software Engineer.

Mr. Wise’s recent comments have included:

  • “Apply what you know that works. Create leverage through open source and partnership programs. Avoid being a heavy coding shop and understand that offshore development can be a money pit and is likely to be a disaster due to proximity.”
  • “Too many visions will result in poor focus, poor quality, and horrible customer service. Don’t let any market bubble override common sense.”
  • “Understand the culture and financial drivers of a company and ensure that the vision and business models are directly in line.”

Justin Wisz
(CEO, Vestorly)

 

 

CEO Summit XXXI
Speaker
Justin Wisz
(CEO, Vestorly
)


 

 

 

 

 

 

 

Justin Wisz is co-founder and CEO at Vestorly, Inc. Prior to this he has served as CEO for AdvisorLeap from October 2010 till November 2012. Mr Wisz was founder of ForwardPro Partners from March 2009 to October 2010.

Mr. Wisz’s recent comments have included:

  • “Consumer behavior tracking online seems to be the norm in almost every industry except financial services communications. To question whether it’s relevant in this industry is really questioning a much larger and demonstrated global truth about consumer behavior in the digital age.”
  • “People have come to expect real-time personalization and realize that this is not possible without data input for their behavior.”
  • “When given a warm referral, some advisors are very good at converting them to clients and some are not.”

Attendees


Tiburon is pleased to announce that the following 181 Tiburon clients attended Tiburon CEO Summit XXXI:

 
  • Chip Roame (Managing Partner, Tiburon Strategic Advisors)
  • Mike Abelson (Executive Vice President, Corporate Development, AssetMark)
  • Mike Alfred (CEO, BrightScope)
  • Anil Arora (CEO, Envestnet Yodlee)
  • Ken Arthur (Co-Founder, ETFengine)
  • Steve Atkinson (Executive Vice President, Advisor Relations, Loring Ward Group)
  • Bill Bachrach (CEO, Bachrach & Associates)
  • Ryan Beach (President, CLS Investments)
  • Marty Beaulieu (Executive Chairman, Altegris Investments)
  • Walt Bettinger (CEO, The Charles Schwab Corporation)
  • Scott Blandford (Chief Digital Officer, TIAA)
  • Rod Boutin (General Counsel, FP Transitions)
  • Tom Bradley (President, Retail Distribution, TD Ameritrade)
  • Len Brennan (CEO, Russell Investments)
  • Matt Brown (CEO, CAIS Group)
  • Brad Bueermann (CEO, FP Transitions)
  • Roy Burns (Managing Director, TA Associates)
  • Kevin Byrne (Chief Financial Officer, Retirement Solutions Division, Pacific Life Insurance Company)
  • Eric Byunn (Managing Partner, Centana Growth Partners)
  • Bruce Cameron (Co-CEO, Berkshire Capital Securities)
  • David Canter (Executive Vice President, Practice Management & Consulting, Fidelity Institutional Wealth Services)
  • Mike Capelle (Business Head, Platform, United Capital Financial Partners)
  • Michael Carvin (CEO, SmartAsset)
  • Scott Case (Business Head, Venture Capital & Private Equity Groups, Silicon Valley Bank)
  • Bernie Clark (Executive Vice President, Advisor Services, The Charles Schwab Corporation)
  • Eric Clarke (CEO, Orion Advisor Services)
  • John Clendening (CEO, Blucora)
  • Alan Clopine (Co-CEO, Pure Financial Advisors)
  • John Cochran (Managing Director, Lovell Minnick Partners)
  • David Conover (CEO, EverBank Wealth Management)
  • Dean Cook (President, FTJ FundChoice)
  • John Coyne (Vice Chairman, Brinker Capital)
  • Amy Cribbs (Business Head, Bank & Institutional Channel Distrubution, Financial Advisor Services, The Vanguard Group)
  • Todd Crockett (Managing Director, TA Associates)
  • Jeff Cusack (Executive Managing Director, Wirehouse, RIA, & Independent Broker/Dealer Distribution National Sales, Nuveen Investments)
  • Mark Delfino (CEO, Hoyle Cohen)
  • Stuart DePina (President, Envestnet Tamarac)
  • Antonio DeRosa (Business Head, Advisory Wealth Management, Jeffries & Company)
  • Andrew Dodson (Partner, Parthenon Investment Partners)
  • Brian Dombkowski (CEO, Sand Hill Global Advisors)
  • Ric Edelman (Executive Chairman, Edelman Financial Services)
  • Gary England (General Counsel, Hilliard Lyons)
  • Michelle Farmer (General Counsel, Advisor Software)
  • Rob Foregger (Executive Vice President, NextCapital)
  • Terry Gaines (Chief Business Development Officer, First Rate)
  • Craig Gordon (Business Head, Clearing, DST Market Services)
  • Brian Granaghan (Software Engineer, Google)
  • Scott Grauer (CEO, BOK Financial Services)
  • Kyle Griswold (Partner, FTV Capital)
  • Bill Hackett (CEO, Matthews International Capital Management)
  • Bomy Hagopian (Partner, Berkshire Capital Securities)
  • Jim Hale (Founding Partner, FTV Capital)
  • Doug Hammond (CEO, NFP)
  • Scott Hanson (Co-CEO, Hanson McClain)
  • Paul Hatch (Business Head, Advice & Solutions, UBS Wealth Management)
  • Neesha Hathi (Executive Vice President, Strategy & Client Experience, Investor Services Platforms, The Charles Schwab Corporation)
  • Karl Heckenberg (Executive Vice President, Lyons Capital Partners)
  • Bob Heller (Board Member, Bank of Marin)
  • Jeff Hendren (Chief Commercial Officer, Quovo)
  • Bob Herrmann (CEO, Discovery Data)
  • Allegra Heyligers (Executive Vice President, Client Service & Engagement, BrightScope)
  • Marten Hoekstra (CEO, Emerging Global Advisors)
  • Anton Honikman (CEO, MyVest Corporation)
  • Relura Horton (President, Parallel Advisors)
  • Bob Huret (Founding Partner, FTV Capital)
  • Chris Jackson (Chief Technology Officer, Hanson McClain)
  • Peter Jantzen (Executive Vice President, Global Sales, Vestmark)
  • David Jegen (Partner, F-Prime Capital)
  • Terri Kallsen (Executive Vice President, Investor Services, The Charles Schwab Corporation)
  • Kunal Kapoor (CEO, Morningstar)
  • Niko Karvounis (Chief Strategy Officer, Quovo)
  • Craig Katz (Executive Vice President, Discovery Data)
  • Mike Kelly (Chief Investment Officer, FS Investments)
  • Chris Kitze (CEO, Safe Cash Payment Technologies)
  • Rob Klapprodt (President, Vestmark)
  • Aaron Klein (CEO, Riskalyze)
  • Kevin Knull (President, MoneyGuidePro)
  • Michael Kossman (Chief Operating Officer, Aspiriant)
  • Matthias Kuhlmey (Partner, Kuhlmey Group)
  • Stephen Langlois (Business Head, Strategic Business Development, Fidelity Wealth Technologies)
  • Bruce Lavine (CEO, 55 Capital Partners)
  • Brad Lawler (CEO, Draft)
  • Chuck Lewis (Vice Chairman, MyVest Corporation)
  • Jim Lockhart (Vice Chairman, WL Ross & Company)
  • Alice Lowenstein (Principal, Research Consulting, Litman Gregory Asset Management)
  • Bo Lu (CEO, FutureAdvisor)
  • Neal Maglaque (President, Business Development Advice & Wealth Management, Ameriprise Financial)
  • Ben Malka (Partner, F-Prime Capital)
  • Joel Mandelbaum (CEO, Strategic Insight)
  • Phil Markgraf (Chief Operating Officer, FTJ FundChoice)
  • Pat McClain (Co-CEO, Hanson McClain)
  • Brendan McConnell (Chief Operating Officer, Brinker Capital)
  • Mike McDaniel (Chief Investment Officer, Riskalyze)
  • Jack McDonald (CEO, The Conifer Group)
  • Steve McLaughlin (Managing Partner, Financial Technology Partners)
  • James Mendelsohn (Chief Marketing Officer, Edelman Financial Services)
  • Nathan Mersereau (President, Planning Alternatives)
  • John Michel (CEO, CircleBlack)
  • Sanjiv Mirchandani (President, Fidelity Clearing & Custody)
  • Steven Miyao (President, DST Kasina)
  • Viggy Mokkarala (Executive Vice President, Strategic Business Development, Envestnet)
  • Bill Monroe (Chief Operating Officer, MML Investor Services)
  • Robert Moore (CEO, Cetera Financial Group)
  • Bob Moser (CEO, Laird Norton Wealth Management)
  • Christine Nigro (Vice Chairman, Axa Advisors)
  • Ryne Nishimi (Executive Vice President, PIMCO)
  • Russ Norwood (Founding Partner, Venturi Wealth Management)
  • Ed O’Brien (CEO, eMoney Advisor)
  • Harry O’Mealia (CEO, 1919 Investment Counsel)
  • Doug Ongaro (Executive Vice President, RIA Channel, PIMCO)
  • Bob Oros (Executive Vice President, RIA Segment, Fidelity Clearing & Custody)
  • Vikas Oswal (CEO, Advisor Partners)
  • Josh Pace (CEO, Trust Company of America)
  • Michael Parker (Chief Development Officer, Enterprise Development, HighTower)
  • Ryan Parker (CEO, Edelman Financial Services)
  • John Phillips (Executive Vice President, Strategic & Global Sales, National Financial Services, Fidelity Investments)
  • Alex Potts (CEO, Loring Ward Group)
  • Lowell Putnam (CEO, Quovo)
  • Matt Radgowski (Chief Operating Officer, Morningstar Investment Management)
  • Kevin Rafferty (CEO, Vertical Management Systems)
  • Michael Raneri (Leader, Strategy & FinTech Innovation, PwC Strategy&)
  • Glenn Reed (Managing Director, Strategy Division, The Vanguard Group)
  • Reno Regalbuto (CEO, AdvisorTrust)
  • Jeff Rehm (Partner, Investments, Legacy Wealth Advisors)
  • Brandon Rembe (Chief Technology Officer, Envestnet Tamarac)
  • Rico Ricciardi (CEO, Mercury Capital Advisors)
  • Chris Riggio (Chief Revenue Officer, BrightScope)
  • Marianne Rivera (Associate Publisher, Wealth Management.Com)
  • Greg Rogers (President, Raylign Advisory)
  • Scott Ruddick (Chief Marketing Officer, Advisor Partners)
  • Todd Ruplinger (CEO, 1ClickCoverage)
  • Todd Ruppert (CEO, Ruppert International & Venture Partner, Greenspring Associates)
  • Neil Saint Claire (Chief Growth Officer, Vestorly)
  • Tony Salewski (Managing Director, Genstar Capital)
  • Bill Salus (CEO, Paddock Consultancy)
  • Steve Savage (CEO, Litman Gregory Asset Management)
  • Carrie Schwab-Pomerantz (President, The Charles Schwab Foundation)
  • Skip Schweiss (President, TD Ameritrade Trust Company)
  • Mike Sha (CEO, SigFig)
  • Tim Shannon (President, CAIS Group)
  • Sterling Shea (Associate Publisher, Advisory & Wealth Management Programs, Barronxs)
  • Jeff Sills (Business Head, National Advice & Planning, Capital One Investing)
  • Babu Sivadasan (President, Envestnet Retirement Solutions)
  • David Smith (Founding Publisher, Financial Advisor & Private Wealth Magazines)
  • Michael Smith (Chief Operating Officer, InvestCloud)
  • Karl Sprules (Chief Technology Officer, AB Global)
  • Noel Stave (Chief Operating Officer, RBC Correspondent & Advisor Services)
  • Brian Stimpfl (Business Head, Scottrade Advisor Services)
  • Erik Strid (CEO, Concentus Wealth Advisors)
  • Paul Strid (Chief Operating Officer, Concentus Wealth Advisors)
  • Hal Strong (Operating Partner, Genstar Capital)
  • Brian Strope (Research Scientist, Google)
  • John Stuart (Chief Marketing Officer, InvestCloud)
  • Ron Suber (President, Prosper Marketplace)
  • Andy Swan (CEO, LikeFolio)
  • Randy Swan (CEO, Swan Global Investments)
  • Brett Thorne (Business Head, RBC Correspondent & Advisor Services)
  • Frank Trotter (Chairman, EverBank Global Markets)
  • Mark Trousdale (Executive Vice President, Professional Services, InvestCloud)
  • John VanDerHeyden (Chief Operating Officer, Kestra Financial)
  • Bill VanDresser (Managing Partner, Legacy Wealth Advisors)
  • Jeannine Vanian (Chief Operating Officer, Kayne, Anderson, & Rudnick)
  • Chris Van Mierlo (Chief Marketing Officer, Retirement Solutions Division, Pacific Life Insurance Company)
  • Tom Wagner (Partner, Summit Wealth Group)
  • Corey Walther (Chief Operating Officer, Allianz Life Financial Services)
  • Bob Ward (Chief Operating Officer, Vertical Management Systems)
  • Steve Warren (Co-Founder, MyVest Corporation)
  • Ben Weisshaut (CEO, Wishlife)
  • Craig Wietz (President, First Rate)
  • Jane Williams (Chairman, Sand Hill Global Advisors)
  • Mike Wilson (Chief Operating Officer, AdvisoryWorld)
  • Phil Wilson (CEO, AdvisoryWorld)
  • Kevin Winters (Executive Vice President, Global Wealth Management, PIMCO)
  • John Wise (CEO, InvestCloud)
  • Justin Wisz (CEO, Vestorly)
  • Mark Worsey (Chief Operating Officer, MyVest Corporation)
  • Bill Wostoupal (President, Northern Lights Distributors)
  • John Wotowicz (CEO, inStream Solutions)
  • John Yackel (Executive Managing Director, Institutional Business Development, Envestnet)
  • Min Zhang (CEO, Totum Wealth)
  • Yoav Zurel (CEO, FeeX)
   

Tiburon CEO Summit XXX: April 5-6, 2016

 

Tiburon CEO Summit XXX was held April 5-6, 2016, at the Ritz Carlton Hotel in New York, NY. Tiburon CEO Summit XXX started at 7:45am on Tuesday, April 5, 2016, at the Ritz Carlton Hotel in New York, NY, included a group dinner that night, and finished at 11:30am on Wednesday, April 6, 2016. Senior industry executives took two days out of their busy schedules to participate. There were over twenty sessions. Along with Tiburon's Managing Partner Chip Roame, Tiburon CEO Summit XXX included speakers Rob Arnott (Chairman, Research Affiliates), Marty Bicknell (CEO, Mariner Holdings), Josh Brown (CEO, Ritholtz Wealth Management), Eric Clarke (CEO, Orion Advisor Services), Dean Cook (President, FTJ FundChoice), Bob Curtis (CEO, PIEtech), Ric Edelman (CEO, Edelman Financial Services), Alex Potts (CEO, Loring Ward Group), Brad Pries (CEO, Sawtooth Solutions), Clara Shih (CEO, Hearsay Social), & Elliot Weissbluth (CEO, HighTower). Tiburon CEO Summit XXX also featured the firm's traditional client-centric panel discussions and two networking-based social events.

Keynote Presentation

Tiburon CEO Summit XXX featured a keynote presentation by Tiburon Managing Partner Chip Roame regarding the state of the financial services industry, focused on the rapid evolution being driven all across the business value chain. This presentation served as the backdrop and overview of the entire Tiburon CEO Summit. 

 




 

 



Tiburon CEO Summit XXX
Keynote Presenter
Chip Roame
Managing Partner
Tiburon Strategic Advisors

 

 

 

 

 

 

Chip Roame (Managing Partner, Tiburon Strategic Advisors)

Tiburon Strategic Advisors is pleased to provide a summary of the expected content of its Tiburon CEO Summit XXX Keynote Presentation. Chip Roame (Managing Partner, Tiburon Strategic Advisors) will give a presentation broadly addressing the state of the financial services industry, with a specific focus on the growing wealth management market.

Charles ("Chip") Roame is the Managing Partner of Tiburon Strategic Advisors and a leading strategic consultant to CEOs, other senior executives, & boards of directors in the banking, insurance, brokerage, & investment management markets. Prior to forming Tiburon in 1998, Mr. Roame served in similar capacities, first as a management consultant at McKinsey & Company, and later as a business strategist at The Charles Schwab Corporation. Mr. Roame is quoted daily throughout the media and, due to Tiburon's widely shared research, he may be the most frequently demanded board advisor. His particular expertise is that of corporate strategy for larger financial services firms, designing broad multi-faceted strategies and making trade-offs between alternative businesses, products, & markets.

At Tiburon, Mr. Roame has responsibility for all of the firm's consulting, research, & marketing activities which keeps him on the leading-edge of strategic initiatives in the industry's fastest growing businesses -- mutual funds, exchange traded funds, hedge funds & other alternative investments, financial planning, wealth management services, life insurance, annuities, family office services, online financial services, and the growing independent advisor markets. He has also taken a substantial interest in financial services industry venture capital & private equity opportunities and mergers & acquisitions transactions. At Tiburon, Mr. Roame has led over 1,700 client engagements for over 400 corporate clients since 1998.

Mr. Roame has won numerous awards throughout the consulting and financial services industries, including being named one of the power 25 elite by Investment News, one of the 25 most influential individuals in the advisor business by Investment Advisor magazine, & one of the five experts with the answers by Boomer Market Advisor. Tiburon has also been named one of the fastest growing companies by the San Francisco Business Times in multiple years.

Mr. Roame is frequently sought as a board member by Tiburon client company boards. He presently serves as a board member at Envestnet (NYSE: ENV), as a board member of the parent company of The Edelman Financial Group (Ric Edelman’s business backed by Lee Equity Partners), and as a trustee of the SA mutual funds family which is sponsored by Loring Ward and employs Dimensional Fund Advisors as its sole sub-advisor.

Overview of Tiburon CEO Summit XXX Keynote Presentation

The objectives of the Keynote Presentation are to anchor Tiburon CEO Summit discussion on consumers; offer a broad view of the wealth management industry (with a new theme at each Tiburon CEO Summit), with the theme at Tiburon CEO Summit XXX being The Most Important Data Inflection Points; set a discussion agenda for Tiburon CEO Summit XXX (framing the dozens of “three big points” and introduce 40+ speakers); & address recent strategic activity. The basis of the Tiburon CEO Summit XXX Keynote Presentation is industry developments (“the news”), recent Tiburon & third-party research findings, the Tiburon CEO Summit XXX content survey, & Tiburon CEO Summit XXX guest speaker presentations (and prior presentations).

Tiburon CEO Summit XXX --> Insights Behind The Most Important Data Inflection Points

Context Setting: Consumers & Their Money

Consumer households have $38.3 trillion investable assets, $59.4 trillion financial assets, $96.9 trillion total assets, and $85.7 trillion net worth. There are 10.1 million consumer households with over $1.0 million net worth, back above its prior peak of 9.2 million in 2007. Baby boomers will liquidate some portion of the $58.6 trillion in retirement plans, personal assets, & small businesses.

The Future Of Wealth Management: The Most Important Data Inflection Points

Exchange Traded Funds

Exchange traded funds have gathered $2.1 trillion assets under management, up from $102 billion in 2002. Exchange traded funds have $232 billion net flows, up from $29 billion in 2001. BlackRock is the leading investable assets firm in terms of assets under management with $4.7 trillion, with the three ETF leaders all in the top four. Index mutual funds have gathered $2.1 trillion assets under management, up from $384 billion in 2000. Index mutual funds’ assets under management have been primarily gathered in equity funds. The Vanguard Group has $216 billion net flows, up from $85 billion in 2010. The five largest stock mutual funds are all low cost Vanguard & American Funds mutual funds. The Vanguard Group has gathered over three-quarters on its assets under management in index mutual funds & exchange traded funds. The Vanguard Group has gathered one-third of its assets under management from financial advisors. Dimensional Fund Advisors has gathered $406 billion assets under management, up hugely since 1983. Dimensional Fund Advisors has gathered more than half of its assets under management from financial advisors. Dimensional Fund Advisors’ financial advisor channels business has gathered $165 billion assets under management, up from $13 billion in 2002.

Liquid Alternatives

Liquid alternative funds have gathered $309.2 billion assets under management, up from $174.6 billion in 2012. Liquid alternative funds’ net flows are $3.1 billion, down from their peak of $96.9 billion in 2013. Hedge funds have gathered $2.8 trillion assets under management, up from $491 billion in 2000. Hedge funds have $76.4 billion net flows, up from $23.3 billion in 2000 and -$131.2 billion in 2008. Hedge funds returned 3.3%, down from 9.1% in 2013. Hedge funds have not been performing as well as some low cost mutual funds that do some of the same things.

Robo Advisors

There are at least 46 online advice firms. All online advice firms have gathered $217.4 billion assets under management, up from $118.0 billion in 2012. Online advice firms can specifically be defined to include defined contribution plan focused firms & B2C focused firms. Online advice firms’ assets under management are dominated by the defined contribution focused firms. The leading online advice firms are the defined contribution plan focused firms & the large discount brokerage firms & mutual fund companies. Two-thirds of financial advisors believe that online advice firms will have no or little impact on their business. Motif Investing offers 100 pre-built motifs, up from 50 in 2011.

Break-Away Brokers

Two-thirds of wirehouse & regional broker/dealer brokers who move on their own in any year move to other wirehouses or regional broker/dealers. The bulk of the break-away broker movement really just goes in circles, with brokers moving from one wirehouse to the next for upfront payments. Wells Fargo Advisor Network’s share of financial advisors coming from wirehouses is 65%, compared to 12%-31% at some other leading independent broker/dealers.

Independent Advisors

The insurance & independent broker/dealer channels lead the financial advisor channels in terms of number of financial advisors with 74,804 & 67,290. The wirehouse channel leads the financial advisor channels in terms of assets under administration with $5.9 trillion. The five year CAGR of dually registered advisors is 9.0%. Primerica, Morgan Stanley, Bank of America Merrill Lynch, & Wells Fargo Corporation have the most financial advisors. Both the retail and financial advisor support models at both Fidelity Investments & The Charles Schwab Corporation are now amongst the leading financial advisor channel firms. Tiburon CEO Summit XXIX attendees said that LPL financial & The Charles Schwab Corporation have the most impressive financial advisor forces. Independent advisors can specifically defined to include independent reps & fee-based financial advisors (RIAs). Independent broker/dealer reps still account for the largest share of independent advisors, although both fee-based financial advisors & dually registered financial advisors are gaining market share. LPL Financial leads the independent reps market in number of financial advisors. LPL Financial also leads the independent broker/dealer market in assets under administration. The Charles Schwab Corporation, Td Ameritrade, & Fidelity Investments are the leading fee-based financial advisor custodians in terms of number of fee-based financial advisor clients, with 7,100, 5,000, & 3,300 respectively. Schwab Advisor Services & Fidelity Institutional Wealth Services are the leading fee-based financial advisor custodians in terms of assets under administration, with $1.1 trillion & $753 billion respectively. TD Ameritrade had a 229% change in fee-based financial advisor assets under custody from 2007-to-2014. Some analysts have huge predictions for the fee-based financial advisor market, with one suggesting 36,900 fee-based financial advisors by 2019.

Turnkey Asset Management Programs (TAMPs)

Envestnet has gathered $713.4 billion assets under administration & management, up 800% since 2007. FolioDynamix’s FDx platform has gathered $700 billion assets under administration, up from $445 billion in 2012. Loring Ward Group’s LWI Financial has gathered $13.0 billion assets under management, up from $1.6 billion in 1996. Dimensional Fund Advisors’ Dimensional Fund Advisors (US)’s fee-based financial advisor business’ TAMPs business has gathered $50 billion assets under management, up over 400% since 2005.

The Missing News Story: Financial Advisor Bifurcation

Financial Advisor Stagnation

Financial advisor channels firms have 301,126 financial advisors, down from its peak of 339,450 in 2004. Tiburon will seek to prove the financial advisor bifurcation; it is possible that a few dozen fee-based financial advisors are driving the markets’ growth. The mutual fund store has 133 offices, up from 73 in 2011. United Capital Financial Partners has 70 offices, up from fourteen in 2007. HighTower Holding has 49 offices, up from twelve in 2011. Edelman Financial Services has 41 offices, up from one in 2005. The Mutual Fund Store serves 37,000 clients, up from 30,000 in 2010. Edelman Financial Services serves 28,000 clients, up from 5,000 in 2003. Fisher Investments’ Private Client Group serves 27,000 private client group clients, up from 12,000 in 2004. Fisher Investments’ Private Client Group manages $35 billion in assets, up from $1 billion in 1997. Edelman Financial Services has gathered $14.9 billion assets under management & administration, up over 400% since 2003. Edelman Financial Services has $131.9 million assets under management & administration per financial advisor.

Differentiators

Edelman Financial Services’ average client has $522,000 assets under management & administration, up from $380,000 in 2009. Edelman Financial Services has 113 financial advisors, up from nineteen in 2003. Fisher Investments’ investment counselors, vice presidents, account executives, & client operations associates account for over half of its employees. Fisher Investments’ private client group creates over three-quarters of its leads from direct mail and web advertisements. Fisher Investments’ private client group attracts two-thirds of its clients to seminars each year. Edelman Financial Services will conduct over 600 seminars, up from 75 in 2012. And in a strange twist…financial advisor fees are down…err…up. Financial advisor average fees range from 1.26% to 0.66% based on portfolio size. Fisher Investments’ private client group’s pricing schedule ranges from 1.25% to 1.00%, and the firm uses a blended methodology. Edelman Financial Services’ pricing schedule ranges from 2.00% to 0.50%.

Strategic Activity

Financial Services Industry Venture Capital & Minority Growth Equity Investments

Venture capital firms raised $33.0 billion funds, up 75% since 2010 but down from $85.1 billion in 2000. Venture capital investment reached $48.4 billion, up from $30.0 billion in 2013 but down from its peak of $105.0 billion in 2000. SoFi has raised the most venture capital amongst financial services firms, with $1.2 billion. Wealthfront, Betterment, & Personal Capital Corporation have raised the most venture capital amongst the online advice firms.

Financial Services Industry Initial & Secondary Public Offerings

There were 275 initial public offerings in 2014, up from 222 in 2013 but down from its peak of 406 in 2000. Initial public offerings raised $85.3 billion in 2014, up from $54.9 billion in 2013 but down from its peak of $96.9 in 2000. There were 36 initial public offerings in the financial sector in 2014, down from 45 in 2013. Financial services industry public offerings included Worldpay, National Commercial Bank, & Medibank Private.

Financial Services Industry & Financial Advisor Mergers & Acquisitions

Financial Services Industry Mergers & Acquisitions

Mergers & acquisitions’ deal value was $3.5 trillion, up from $2.3 trillion. Private equity firms invested $12.0 billion in financial technology firms, up from $4.0 billion in 2013. Financial technology companies Sungard, Advent Software, Russell Investments, & SNL Financial all sold in the last year for large sums. Leading investment management firms mergers & acquisition deals included TIAA-CREF’s acquisition of Nuveen, Santander Asset Management’s Acquisition of Pioneer Global Asset Management, and the pending acquisition of Russell Investments. The leading public brokerage merger & acquisition deal was Stifel Financial Group’s acquisition of Sterne Agee for $150 million.

Financial Advisor Mergers & Acquisitions

There were 54 fee-based financial advisors mergers & acquisitions transactions in 2014, up 35% since 2006. There have been $32.6 billion fee-based financial advisors assets under management acquired through mergers & acquisitions transactions in 2014. Hellman & Friedman’s acquisition of Edelman Financial Services was the leading financial advisors acquisition at $14.8 billion.

Financial Services Industry Valuations & Activists Opportunities

Financial services firms account for 10%+ of the US economy and 20%+ of the Standard & Poor’s 500. Activist funds have gathered $120 billion assets under management. Activist hedge funds have $10.1 billion net flows, up from $3.4 billion in 2005. Carl Icahn & Southeastern are the leading activist investor funds in terms of value of disclosed US equities with $22.3 billion & $18.3 billion. The average net return among activist hedge funds outpaced the total hedge fund universe in both the short & long term. Financial services industry activist fund specific targets include American Realty Capital Partners, LPL Financial Holdings, State Street Corporation, & The Bank of New York Mellon Corporation.

Speakers

 

Along with Tiburon's Managing Partner Chip Roame, Tiburon CEO Summit XXX will include speakers Rob Arnott (Chairman, Research Affiliates), Marty Bicknell (CEO, Mariner Holdings), Josh Brown (CEO, Ritholtz Wealth Management), Eric Clarke (CEO, Orion Advisor Services), Dean Cook (President, FTJ FundChoice), Bob Curtis (CEO, PIEtech), Ric Edelman (CEO, Edelman Financial Services), Alex Potts (CEO, Loring Ward Group), Brad Pries (CEO, Sawtooth Solutions), Clara Shih (CEO, Hearsay Social), & Elliot Weissbluth (CEO, HighTower). Tiburon CEO Summit XXX will also feature the firm's traditional client-centric panel discussions and two networking-based social events.

Luis Aguilar
(Commissioner, Securites & Exchange Commission)

 

 

CEO Summit XXX
Speaker
Luis Aguilar
(Commissioner, Securities & Exchange Commission
)


 

 

 

 

 

 

 

Luis Aguilar served as a Commissioner at the United States Securities & Exchange Commission from July 31, 2008 to December 31, 2015. He was originally appointed by President George W. Bush and was reappointed by President Barack Obama in 2011. Commissioner Aguilar became the eighth longest-serving Commissioner in SEC history, and was one of only three Commissioners to have been nominated by two U.S. Presidents from two different political parties. Commissioner Aguilar’s tenure started only a few weeks before the collapse of Lehman Brothers and the financial turmoil that followed and only a few months before one of the largest financial frauds in U. S. history – the Bernard Madoff Ponzi scheme – was exposed. Consequently, the Commission entered into one of the most transformational periods in its history. During Commissioner Aguilar’s service, the Commission underwent a significant internal restructuring by, among other things, creating a panoply of new Divisions and Offices, and substantially restructuring existing Divisions and Offices. In addition, the Commission entered one of its most active rulemaking periods, and promulgated or amended regulations that impacted almost all aspects of the capital markets. Commissioner Aguilar worked to modernize the SEC’s rules to reflect the innovation and changes that had long transformed the capital markets. He was an early advocate for the importance of focusing on cybersecurity issues and led the effort to bring together public and private sector experts as part of the SEC’s first Cybersecurity Roundtable held in March 2014. He is a recognized leader in the nexus of cybersecurity, investor protection, and publicly traded companies. Commissioner Aguilar represented the Commission as its liaison to both the North American Securities Administrators Association (NASAA) and to the Council of Securities Regulators of the Americas (COSRA). He has served as the primary sponsor of the SEC's first Investor Advisory Committee. Commissioner Aguilar served as sponsor of the SEC's Hispanic and Latino Opportunity, Leadership, and Advocacy Committee, the African American Council, and the Caribbean American Heritage Committee.

Mr. Aguilar's recent comments have included:

  • "For RIAs, the change that would best fit this bill is for the rule [the Department of Labor's proposed fiduciary rule] to more clearly distinguish the special obligations attendant to advice on rollovers versus advice that involves ongoing conflicts of interest associated with variable compensation"
  • "The rollover decision is a one-time event and the DOL should craft an exemption designed to handle the point-in-time situation when a fiduciary retirement adviser to a plan is called upon to assist a plan participant with a rollover decision"
  • "The SEC exams tend to be thorough and effective; they are just not done often enough"
  • "A lot of lobbying money comes from the financial services industry. Congress does not want to lose any power of the purse over the SEC"
  • "Advisers who can successfully incorporate digital investment tools into an client-friendly customer experience will surely stand out in the crowded market of advisory services. To construct a successful hybrid model, advisers should be thinking about the human and computer interfaces they have with clients in at least four key aspects: access, consistency, literacy and trust"

Peter Algert
(CEO, Algert Global)

 

 

CEO Summit XXX
Speaker
Peter Algert
(CEO, Algert Global
)


 

 

 

 

 

 

 

Peter Algert is CEO of Algert Global. Mr. Algert established the firm with the goal of becoming recognized as "best-in-class" in systematic active equity investing. Founded in 2002, and 100% employee-owned, Algert Global focuses on managing global absolute return and active long-only strategies for both institutional and private investors. The core investment team has worked together since 2004 and each member can demonstrate a deep academic background in quantitative investing. Prior to creating Algert Global, Mr. Algert served as the Global Head of Research for Barclays Global Investors' stock selection strategies.

Mr. Algert's recent comments have included:

  • “We are in the early innings of our vision to transform financial services by improving and simplifying the lives of anyone with a financial account. As the leading financial cloud platform, there is a massive addressable opportunity to power digital financial solutions for over two billion financial users globally across both financial institutions and internet innovators”
  • “Our growth is a function of executing on our stated three key strategies: one, growing our subscription revenue and increasing penetration at existing financial institutions, while adding new customers globally; two, driving user growth and subscription revenue with emerging Internet digital financial service providers who have enormous potential by adding new customers around the globe and with new used cases; three, leveraging our unique big data assets and analytics to further accelerate subscription revenue with existing and new customers. Our subscription revenue is experiencing strong growth driven by all three of these key strategies”
  • “The most exciting aspect of our growth opportunity with financial institutions and internet innovators is that we believe that the best is still ahead of us”
  • “One interesting example of the power of Yodlee data analytics is how we have worked closely with an innovative food company to develop their marketing strategy based on consumer spending trends. Their chief marketing officer shared with us that they have shifted the majority of their research spending to Yodlee data analytics due to the power of Yodlee data. For us, the data business is additive across the board. It is an incremental revenue opportunity with both existing and entirely new customers and perhaps as important it is sticky”
  • “The Yodlee Financial Cloud is uniquely positioned to drive innovation and is transforming digital financial services among Financial Institutions as well as Internet innovators. We are excited about Yodlee's market opportunity, and our recent IPO was a seminal milestone for our company and provides the strategic position to continue to drive growth"

Rob Arnott
(Chairman, Research Affiliates)

 

 

CEO Summit XXX
Speaker
Rob Arnott
(Chairman, Research Affiliates
)


 

 

 

 

 

 

 

Rob Arnott is Chairman of Research Affiliates. Mr. Arnott founded Research Affiliates in 2002 as a research-intensive asset management firm that focuses on innovative products. The firm explores novel approaches to active asset allocation, optimal portfolio construction, efficient forms of indexation, and other quantitative strategies. Research Affiliates delivers investment solutions globally in partnership with leading financial institutions. He is also portfolio manager on the PIMCO All Asset and All Asset All Authority family of funds and a suite of PIMCO products based on the Fundamental Index approach. Over his career, Mr. Arnott has endeavored to bridge the worlds of academic theorists and financial markets, challenging conventional wisdom and searching for solutions that add value for investors. He has pioneered several unconventional portfolio strategies that are now widely applied, including tactical asset allocation, global tactical asset allocation, tax-advantaged equity management, and the Fundamental Index approach to investing. His success in doing so has resulted in a reputation as one of the world’s most provocative practitioners and respected financial analysts. Mr. Arnott managed two asset management firms before founding Research Affiliates. As chairman of First Quadrant, he built up the former internal money manager for Crum & Forster into a highly regarded quantitative asset management firm. He also was global equity strategist at Salomon Brothers (now part of Citigroup), the founding president and CEO of TSA Capital Management (now part of Analytic Investors), and a vice president at The Boston Company. Mr. Arnott has published more than 100 articles in such journals as the Journal of Portfolio Management, the Harvard Business Review, and the Financial Analysts Journal, where he also served as editor in chief from 2002 through 2006. In recognition of his achievements as a financial writer, Mr. Arnott's papers have received seven Graham and Dodd Scrolls, awarded annually by CFA Institute for top Financial Analysts Journal articles of the year. He also has received three Bernstein Fabozzi/Jacobs Levy awards from the Journal of Portfolio Management. He is co-author of The Fundamental Index: A Better Way to Invest.

Mr. Arnott's recent comments have included:

  • "Failure is probably the best gift someone can give you"
  • "One thing we do is hold people accountable. We make sure everyone is in a position to be successful. Then, when you are not successful, we have to have a conversation. You need to hold up your end of the bargain. Sometimes you are not a good culture fit because you do not want to be held accountable, and sometimes you are a great culture fit and we just did not give you the right training, so we will do that. Sometimes you will make a mistake. Life happens. But let us not do it again. One of our mantras is, find it, fix it, prevent it"
  • "In our world today, if you are not actively learning every day, you really are not competitive. There is too much going on. I can never know everything going on around me, so I need to know that there are people around me who are learning other things, so we create a more cohesive view"
  • "One of the things I keep telling our staff — and this is something I had to do — is that you have to do two jobs before you get the next job. You have to do your job really well and start doing the next job a little bit by, say, raising your hand for a project"

Anil Arora
(CEO, Yodlee)

 

 

CEO Summit XXX
Speaker
Anil Arora
(CEO, Yodlee
)


 

 

 

 

 

 

 

Anil Arora is CEO of Envestnet | Yodlee and Vice Chairman of Envestnet Board. Prior to the merger with Envestnet, Mr. Arora had been President and CEO of Yodlee since 2000. Under his leadership, Yodlee has been a disruptive catalyst for creativity and ingenuity in the financial industry by collaborating with leading financial institutions, entrepreneurs, and fintech developers to build and distribute data-driven financial apps used by millions of consumers and small businesses all over the world. Today, Mr. Arora is helping Envestnet | Yodlee lead the charge for better outcomes for both customers and advisors through innovative financial data and technology solutions. Mr. Arora has extensive experience building some of the world’s most recognized brands at companies like General Mills, Kraft, and Gateway, as well as innovating new market strategies, and increasing the lifetime customer value for companies in a variety of industries.

Mr. Arora’s recent comments have included:

  • [Coming Soon]

Dave Barton
(CEO, Mercer Advisors)

 

 

CEO Summit XXX
Speaker
Dave Barton
(CEO, Mercer Advisors
)


 

 

 

 

 

 

 

Dave Barton is CEO of Mercer Advisors. Mr. Barton became a member of the California State Bar in 1992 and began his career at Mercer Advisors in 2000 as General Counsel. He has led and managed nearly all Mercer Advisors departments with great success. Mr. Barton was promoted to President in 2004, and became Chief Executive Officer in 2008. He has been a member of the Mercer Advisors Board of Directors since 2004. Prior to joining Mercer Advisors, Mr. Barton practiced as a trial attorney, specializing in commercial and securities civil litigation. Mr. Barton is currently responsible for the overall strategic vision, business plan development and execution, and organizational structure at Mercer Advisors.

Mr. Barton’s recent comments have included:

  • "Most hedge funds are not any good, but if you can identify talent early, when they are hungry, you have the potential to generate outsized performance"
  • "Finding that young talent is always at a premium. You are seeing household name hedge funds becoming big institutions. It might be good for business but not for investors looking for differentiated returns"
  • "Our thesis is we do not think that there are a lot of great hedge funds out there"
  • "Our goal... is to remind investors to take a holistic look and to evaluate each investment within the context of the full portfolio"
  • "There are some managers who buy and hold a position, sometimes for years, for very sound fundamental reasons. During bouts of volatility, you often see hedge fund managers without strong fundamental conviction about the stock sell off, while more fundamental managers tend to ride out the volatility"

Jud Bergman
(CEO, Envestnet)

 

 

CEO Summit XXX
Speaker
Jud Bergman
(CEO, Envestnet
)


 

 

 

 

 

 

 

Jud Bergman is CEO of Envestnet. Mr. Bergman is responsible for leading the Envestnet organization, and is focused on guiding the company’s strategy, as well as organizational and business development. Prior to founding Envestnet, Mr. Bergman was the managing director, Nuveen Mutual Funds, for Nuveen Investments, a diversified investment manager. In this role he was responsible for the profitable growth of Nuveen’s mutual fund business and was a member of Nuveen’s Investment Management Committee. From 1992 to 1997, Mr. Bergman directed Nuveen’s Corporate Development activity, where he initiated the development of Nuveen’s separately managed account business and helped guide the firm’s expansion into a diversified investment manager beyond municipal investments.

Mr. Bergman’s recent comments have included:

  • "CAIS felt the need to broaden its lineup of structured offerings and have more companies competing against each other to fill an advisor’s order, resulting in better execution and pricing to the end user"
  • "We look very carefully at the track record of the lead underwriter’s success and aftermarket performance. The banks we work with have very strong records of success with aftermarket performance of underlying securities"
  • "CAIS adds value because we take the advisor’s request for the intended note and can have all of the different banks bid on filling that order, and the best price wins"
  • "By having a more open-architecture platform, we are allowing advisors to see different credits of the banks and the pricing they come up with to fill the orders"
  • "CAIS is a demand-based platform, and we are seeing a lot of RIAs and broker-dealers effectively utilize structured notes––mainly plain-vanilla ways to get access to indices and the like. But overall, we want to create a better forum for advisors to be able to access these products, and we are trying to lower the cost and increase transparency and education for advisors"

Marty Bicknell
(CEO, Mariner Holdings)

 

 

CEO Summit XXX
Speaker
Marty Bicknell
(CEO, Mariner Holdings
)


 

 

 

 

 

 

 

Marty Bicknell is CEO of Mariner Holdings, the parent company of Mariner Wealth Advisors and Montage Investments. He serves on the board of directors for all of Mariner Holdings’ subsidiaries. Prior to forming the firm in 2006, Mr. Bicknell was senior vice president of investments at A.G. Edwards & Sons, where he led a staff of professional financial consultants in providing customized wealth management solutions for public and private corporations, high-net-worth individuals and their families and charitable organizations. Mr. Bicknell has provided counseling on a wide range of financial matters to small and medium-sized businesses. Mr. Bicknell serves on the board of directors for the Catholic Foundation of Northeast Kansas, the American Royal, the KU Advancement Board for the University of Kansas Medical Center and on the MRIGlobal Board of Trustees. He is a member of the Young Presidents Organization (YPO) and is a board member for the Civic Council of Greater Kansas City. He is also involved in supporting several organizations through his sponsorship and committee participation, including Marillac, the Juvenile Diabetes Research Foundation (JDRF), KU Med Cancer Care and Youth Entrepreneurs. Barron’s has ranked Mr. Bicknell and the teams at Mariner among the top financial advisors nationally for the past few years, including as the number one advisor in the state of Kansas for 2009, 2010, 2011, 2012, 2013 and 2014.

Mr. Bicknell’s recent comments have included:

  • "The problem is not lack of opportunity. The problem is not lack of talent. The problem is, not in all cases, but in many cases, the structure of the mutual fund [regarding fund managers underperforming the market]"
  • "We have gone to portfolio managers at some of the large-name fund companies in the world, but that is more the exception than the rule for obvious internal business reasons. If a portfolio manager is running a couple mutual funds with $10 billion, does their parent organization have a separate agreement with us where they're sending us their ten best ideas? That is going to be a rare circumstance whether they are going to be comfortable with that"
  • "It would be interesting to know how many of the people who actually put their money into (the Voya Corporate Leaders Trust Fund) actually know what it is. In a lot of cases, I bet they do not"
  • "Good managers can add an extra one percent to returns over time compared with an index-only strategy"

Josh Brown
(CEO, Ritholtz Wealth Management)

 

 

CEO Summit XXX
Speaker
Josh Brown
(CEO, Ritholtz Wealth Management
)


 

 

 

 

 

 

 

Josh Brown is CEO of Ritholtz Wealth Management. Mr. Brown has spent his career helping people invest and manage portfolios. He is the creator of The Reformed Broker blog and was ranked as the number one financial person to follow on social media by Barron’s, the Wall Street Journal and TIME Magazine. Mr. Brown is the star of CNBC’s “The Halftime Report” and a featured columnist at Fortune Magazine. He is the author of the books Backstage Wall Street and Clash of the Financial Pundits. In addition to serving as CEO of Ritholtz Wealth Management, he is also on the advisory boards of Riskalyze and Brightscope, two of the leading financial technology startups bringing transparency and analytics to the investment business. In 2015, Investment News named Josh Brown to their “40 Under 40? list of influential financial advisors who represent the future of the wealth management industry.

Mr. Brown’s recent comments have included:

  • "With approximately $5.0 billion of assets under management, a unique suite of attractive investment products and several promising avenues for long-term growth, we are excited to deliver this transaction to our stockholders. We are partnering with a talented management team that is committed to the growth of the business and whose track record of developing innovative investment products and delivering superior investment results will deliver long-term value to both clients and stockholders of ZAIS"

Ryan Caldwell
(CEO, MX Technologies)

 

 

CEO Summit XXX
Speaker
Ryan Caldwell
(CEO, MX Technologies
)


 

 

 

 

 

 

 

Ryan Caldwell is CEO & Founder of MX Technologies. Mr. Caldwell is a serial entrepreneur driven to transform industries. Currently, Mr. Caldwell directs the strategic vision for MX, a fintech company combining powerful data analytics with engaging technology to enable customer advocacy through a data-driven money management platform delivered through financial institutions. MX, has earned attention and investment from industry-leaders at financial institutions and within the fintech community. Prior to founding MX, Mr. Caldwell consulted in the US, Singapore and London for some of the world’s leading companies, including market leaders like Visa and Microsoft. He has also received multiple industry accolades, including being named to the Utah Business list of Forty Under 40, the v100 list of Top Venture Entrepreneurs and as one of the Utah Valley BusinessQ’s 10 Coolest Entrepreneurs.

Mr. Caldwell’s recent comments have included:

  • "Since June, three separate clients have told us they compared Morningstar’s ByAllAcounts with Quovo and ByAllAccounts had superior data quality and consistency"
  • "Thousands of firms and more than 40 redistributors rely on us to aggregate more than $1 trillion in investor assets from more than 12,000 sources every day. Clearly technology is important, and we continue to invest in technology to provide a great experience for our clients. Since becoming part of Morningstar, we have added Morningstar asset classes and security information that is not available through any other aggregator. In the end, it is all about the data and the client experience"
  • “We are focused on super high-quality transactions. Yodlee is more consumer based. We are not competing day to day"

Eric Clarke
(CEO, Orion Advisor Services)

 

 

CEO Summit XXX
Speaker
Eric Clarke
(CEO, Orion Advisor Services
)


 

 

 

 

 

 

 

Eric Clarke is the CEO and Founder of Orion Advisor Services, which develops solutions that improve advisors’ business operations and interactions with clients. The company’s current vision is to integrate its portfolio accounting system with CRM platforms to increase efficiencies for advisors. Mr. Clarke and his colleagues founded Orion’s predecessor company after they developed an off-the-shelf portfolio accounting system for advisors. Prior to starting Orion, Mr. Clarke served as chief operations officer for CLS Investments, an SEC–registered investment advisor. As an industry-recognized expert in portfolio accounting, Mr. Clarke has written articles that have appeared in Investment News, The Journal of Financial Planning, and others.

Mr. Clarke’s recent comments have included:

  • "We thank Norwest Equity Partners for being such supportive and collaborative partners with us over the years. We achieved a great deal of growth and success together. We're excited about carrying that momentum forward into our new relationship with Lightyear Capital, which will allow us to continue to deliver consistent growth in new markets as we build our firm into a top national wealth management and financial planning brand"
  • "Strategically, we are looking to partner with firms that have demonstrated a commitment to growth and see value in integrating with our proprietary marketing capabilities for new client development and creating efficiencies by utilizing our centralized platform to gain investment management, planning and administrative leverage"
  • "Over the last eighteen months we started to pursue acquisitions, but the strategy is different from the aggregators. It is about an integration of services, not just the split on profit and then running the business autonomously. We have one RIA and a centralized investment management group. Unless you integrate, you cannot get that efficiency"

Alan Cohn
(Co-President, Sage Financial Group)

 

 

CEO Summit XXX
Speaker
Alan Cohn
(Co-President, Sage Financial Group
)


 

 

 

 

 

 

 

Alan is Co-Founder and Co-President of Sage Financial Group, and is co-author of The Sage Guide to Mutual Funds. Mr. Cohn has been named one of the most influential people in the investment world by The Wall Street Journal and SmartMoney Magazine. He has been quoted in Money Magazine, Kiplinger’s Personal Finance and The New York Times. Additionally, Mr. Cohn was named one of the top 40 business leaders under the age of 40 by the Philadelphia Business Journal, and was recognized by Philadelphia Magazine as one of 100 People to Watch. Mr. Cohn co-founded Sage Online in 1995, a leading source of online mutual fund and equity information for individual investors. In March 2000, Multex, a global provider of investment information for the financial services industry, acquired Sage Online. Mr. Cohn is active in many civic associations and serves on the Board of Ben Franklin Technology Partners, is on the Advisory Board of Veritat Advisors, is on Penn Liberty Bank’s Advisory Board, is Chair of the Alex’s Lemonade Stand Foundation Development Committee, and is a member of the Jewish Federation of Greater Philadelphia’s Investment Committee.

Mr. Cohn’s recent comments have included:

  • "For years they [Advent Software] said, bundling is not a smart strategy; it is better to be great at one thing. They are right but that one thing is a platform"
  • "The number of RIA firms embracing Envestnet Tamarac's Advisor Xi solution continues to climb because we help them more efficiently serve their clients and in the process help build more profitable businesses. Advisors who have migrated to Advisor Xi stay there, which is why we have had a 97% client renewal rate for more than five years running while continuing to grow our client base with both large and small firms"
  • "What we do is designed for a more scalable solution for advisors including proposal generation, research, rebalancing, reporting etc. All that plumbing is there but it’s not what the end investor sees. This Upside technology is the last mile and it allows us to offer the full spectrum"

Steve Condon
(President, Truepoint Wealth Counsel)

 

 

CEO Summit XXX
Speaker
Steve Condon
(President, Truepoint Wealth Counsel
)


 

 

 

 

 

 

 

Steve Condon is President of Truepoint Wealth Counsel. As Truepoint’s president, Mr. Condon is responsible for the firm’s day-to-day management, guiding the investment strategy, and introducing Truepoint to prospective clients and employees. ”My favorite thing about Truepoint is being part of a true team dedicated to our clients’ success and working with professionals who are not only enjoyable to be around, but also masters of their craft.” Mr. Condon attended OSU as a University Fellow, was a teaching assistant and worked with the OSU endowment fund. Mr. Condon was elected to the Beta Gamma Sigma and Phi Kappa Phi honor societies, and graduated as both a Fisher and Weidler Scholar. He also holds the Chartered Financial Analyst (CFA) designation. Mr. Condon is a member of the Institutional Advisor Council of Fidelity Investments, the CFA Institute and the CFA Society of Cincinnati. Mr. Condon is also a member of the Young Presidents’ Organization (YPO), a global network connecting chief executives. His volunteer work includes serving on the board of the Cincinnati Youth Collaborative and tutoring at Silverton Paideia Academy.

Mr. Condon'’s recent comments have included:

  • "Our goal is to become the largest financial life management platform in the country. We want to be the first billion-dollar brand in financial life management"
  • "We used to call it wealth management like everyone else…but nobody understands what that means anymore. Everybody calls themselves wealth managers in our industry"
  • "A financial life is not about money. It is about one’s entire life; all our industry talks about…is money"
  • "Every major turning point is about having to make a trade-off. The thing that people remembered was that life was a choice; they could not have it all"
  • “We are very big relative to any independent advisory firms. We do not have a lot of peers. We are large enough to make a difference, large enough to have a voice and be heard”

Dean Cook
(President, FTJ FundChoice)

 

 

CEO Summit XXX
Speaker
Dean Cooke
(President, FTJ FundChoice
)


 

 

 

 

 

 

 

Dean Cook is President of FTJ FundChoice. Mr. Cook is focused on the development and implementation of strategic initiatives designed to assist advisors in simplifying their business through service, technology, and product offering. Before becoming President in 2012, Mr. Cook directed the firm's national marketing and sales operations since 2005. Through his experience as a Registered Representative, Investment Advisor Representative and External Wholesaler, Mr. Cook has taken pride in adding unique insights to advisors as they build profitable advisory firms.

Mr. Cook’s recent comments have included:

  • "We are in the sixth year of a bull market, valuations are at historic highs, and we have uncertainty about the economy and interest rates. I think we will continue to see a lot of volatility"
  • "Men [advisors] are talking to women [clients] the way they talk to men, and that is not going to work"
  • "As it stands today, our director of marketing, female. Our director of research, female. Our director of planning, female. Our CFO, female. It just so happens that that is how the firm was built out because of the qualifications of the women. As we look at it today, 65% of our firm roughly is female, which is really different from the industry"
  • “The conversation tends to be a little bit different when thereis a woman in the room. It [having more women in the firm] has allowed us to bring more women clients to the table, or spouses of clients to the table"
  • "Diversity of degree and education is extremely important, and we promote whatever educational path people want to go down. We are huge proponents of education. We have somebody who is studying for their divorce degree in financial planning, and somebody who is studying for the CAIA [chartered alternative investment analyst]"

Ben Cukier
(Managing Partner, Centana Growth Partners)

 

 

CEO Summit XXX
Speaker
Ben Cukier
(Managing Partner, Centana Growth Partners
)


 

 

 

 

 

 

 

Ben Cukier is a Managing Partner at Centana Growth Partners. Mr. Cukier founded Centana Growth in 2015. Before founding Centana Growth, Mr. Cukier spent over twenty years in growth equity and finance. Mr. Cukier has developed a keen understanding of the key players, regulatory environment and complexities of the asset management sub sector, as well as the broader financial services world. He previously led investments in companies including Aspire, Cloudmark, ETF Securities, IndexIQ (acquired by NYLife), Powershares (acquired by Invesco), Swan Global, and VelocityShares (acquired by Janus). Mr. Cukier spent sixteen years at FTV Capital, a $2 billion growth equity fund, where he was an equity partner, served on the management committee and led investments in financial services. Before FTV, Mr. Cukier served on the telecommunications and media team at Madison Dearborn Partners in Chicago and was a consultant at McKinsey & Company.

Mr. Cukier’s recent comments have included:

  • "When most people hear the words financial planner, they immediately assume that what is really meant is investment advisor. We place the emphasis on integrated financial planning and view investment management, retirement planning, estate planning, asset protection, etc. as subsets of financial planning"
  • "Vanguard's rock-bottom fee absolutely should cause [financial-planning firms] to justify to the client the extra expense of what they are doing"
  • "It is very concerning the lack of literacy that people have. It is not taught in our schools and where it is taught, it is not taught as well as it could be. We need to raise public awareness"
  • "The biggest lesson I have learned is to listen to the wisdom of the board and not hear echoes of your own voice in your head. The collective wisdom is the voice that needs to be heard. On boards it is hard sometimes to listen, but that is what I try to do. But I have found with the boards, especially with non-profits, the right people seem to be in the room at the right time"
  • "I have been a CFP for 24 years and I think it’s helped from the standpoint of continuing education. It forces me to remain current with what is happening and apply new thoughts and ideas to solutions that I deliver to client"

Bob Curtis
(CEO, PIEtech)

 

 

CEO Summit XXX
Speaker
Bob Curtis
(CEO, PIEtech
)


 

 

 

 

 

 

 

Bob Curtis is CEO, Founder, & President of PIEtech - designer of MoneyGuidePro. Mr. Curtis has over 25 years experience as an innovator in the software industry. For the past 24 years, Mr. Curtis has designed financial planning software for the financial services industry, and has been a leader in developing easy-to-use, interactive software for use by advisors, together with their clients. In 1997, Mr. Curtis founded PIEtech. As President and CEO of PIE, Mr. Curtis oversees product development, business development and the day to day operations of the company. In addition, he serves as lead designer of the MoneyGuidePro financial planning system. MoneyGuidePro was one of the first financial planning programs created for interactive webbased use. In May of 2005, MGP was selected by Forrester Research as one of the top three financial planning software programs. Today, MoneyGuidePro is used by over 21,000 financial service professionals. Prior to forming PIETech, Mr. Curtis served as President and CEO of 2 organizations; Compulife, Inc., an investment and insurance marketing firm, and Compulife Investor Services, a registered broker/dealer. Through its work with bank brokerage firms, Compulife became one of the top 10 marketing organizations in the industry, and was a consistent leader in its use of sales technology. It was while leading Compulife, that Mr. Curtis and his development team began creating the first generation of MoneyGuidePro financial planning software. Before joining Compulife, Mr. Curtis owned and operated a software development company, providing accounting software for small businesses.

Mr. Curtis’ recent comments have included:

  • "The data-driven applications and data management market is exploding, and Reltio is poised to play a major role. Reltio is the first company in this arena to put tailored data-driven applications into the hands of business users, with the data management compliance and discipline that IT requires"
  • "We believe Chime has the opportunity be a leader in payments and a trusted financial services brand for both young adults and the broader population"

Mike Durbin
(President, Fidelity Wealth Technologies)

 

 

CEO Summit XXX
Speaker
Mike Durbin
(President, Fiedlity Wealth Technologies
)


 

 

 

 

 

 

 

Mike Durbin is President of Fidelity Wealth Technologies, a unit of Fidelity Investments that drives and delivers digital solutions across Fidelity Investments and throughout the financial advice industry. Fidelity Investments is a diversified financial services firm that makes financial expertise broadly accessible to people investing their life savings, businesses managing their employee benefits and advisors investing their clients’ money. Since 1946, Fidelity has been helping people live the lives they want through its customer-centered approach, innovative technology and investment solutions. In addition to his role as president of Fidelity Wealth Technologies, Mr. Durbin is also serving as interim chief executive officer of eMoney Advisor, a wealth planning and management solutions provider for financial advisors, which is part of the Fidelity Wealth Technologies portfolio. Mr. Durbin joined Fidelity in February 2009 as president of Fidelity Institutional Wealth Services (now part of Fidelity Clearing and Custody), a Fidelity Investments company that serves registered investment advisors, including strategic acquirers and professional asset managers, as well as retirement recordkeepers. In that role, he was responsible for the oversight and growth of the business by providing clients access to a flexible, open-technology environment, extensive practice management resources and wealth management investments and related execution and custody services.

Mr. Durbin’s recent comments have included:

  • "In many of the strategies in alternatives, there is capacity constraint and there are already examples in the marketplace where funds have taken on a lot of capacity because they are very good marketing machines. The returns have decreased and, in the end, it has not been a good thing for the investors. At 361 we are very focused on capacity and making sure we limit capacity within our funds"
  • "Long/short equity is the largest category in Morningstar’s classification of alternative mutual funds, but there is currently a shortage of quality funds with track records. By partnering with a proven manager like Analytic Investors, we are able to meet a real need in the marketplace"
  • "Macroeconomic issues and concerns about volatility are pushing investors into liquid alternative mutual funds. Individual investors are seeking out liquid alternatives because they are less expensive than hedge funds, yet offer much greater transparency and liquidity"

Ric Edelman
(CEO, Edelman Financial Services)

 

 

CEO Summit XXX
Speaker
Ric Edelman
(CEO, Edelman Financial Services
)


 

 

 

 

 

 

 

Ric Edelman is CEO of Edelman Financial Services. Mr. Edelman has been three times ranked the #1 Independent Financial Advisor in the nation by Barron's. In 2012 RIABiz.com named Mr. Edelman one of the “ten most influential figures” in the investment advisory field. Mr. Edelman is a member of the Financial Advisor Hall of Fame sponsored by Research magazine and the CNBC Digital Financial Advisors Council. Edelman Financial Services was named by Inc. magazine as one of the fastest growing privately held financial planning firm in the country for three years in a row in the late 1990's. In 2014, Mr. Edelman was named among the "Heavy Hundred" in the radio industry by TALKERS magazine. Mr. Edelman's television show, The Truth About Money with Mr. Edelman Edelman, airs on more than 200 public television stations across the country and has won 8 Telly Awards. Mr. Edelman has testified before Congress three times, participated in an SEC Roundtable and appointed by Presidents Bill Clinton and George W. Bush as a delegate to all three National Summits on Retirement Savings. Mr. Edelman taught personal finance at Georgetown University for nine years, publishes an award-winning 16-page monthly newsletter and his website offers comprehensive and free personal finance education. Mr. Edelman served five years on the board of the United Way of the National Capital Area, including two years as Chairman. He serves on the Southeast Board of The Boys and Girls Clubs of America, is a member of The Boys and Girls Clubs of Greater Washington Foundation Board and served on the BGCGW Metropolitan Board of Directors for seven years and serves on the BGCGW Leadership Council. He is a Policy Board Member of the American Savings Education Council. and is on the Foundation Board of Directors for the Wolf Trap Foundation for the Performing Arts.

Mr. Edelman’s recent comments have included:

  • --

Ed Forst
(CEO, Lincoln Investment)

 

 

CEO Summit XXX
Speaker
Ed Forst
(CEO, Lincoln Investment
)


 

 

 

 

 

 

 

Ed Forst is CEO of Lincoln Investment. Mr. Forst is a Certified Financial Planner certificant and has been dedicated to helping individuals with all aspects of financial planning since 1980. As President and CEO of the Lincoln Investment Companies, Mr. Forst oversees the activities of 800 licensed advisors and over 200 full-time operations and support personnel. The Lincoln Investment Companies include a full-service broker-dealer and registered investment advisors serving the diverse and changing financial needs of more than 235,000 individual investors, representing over $24.7 billion in assets. For almost 50 years, Lincoln Investment has been committed to helping individuals and families achieve long-term financial well-being through the expert guidance of independent financial professionals.

Mr. Forst’s recent comments have included:

  • [Coming Soon]

Cody Foster
(Co-Founder, Advisors Excel)

 

 

CEO Summit XXX
Speaker
Cody Foster
(Co-Founder, Advisors Excel
)


 

 

 

 

 

 

 

Cody Foster is Co-Founder of Advisors Excel, an industry-leading marketing organization assisting independent insurance agents and financial advisors around the country. Immediately out of college, Mr. Foster joined the financial services arena as the Director of Marketing for a corporately-owned, national field marketing organization. With a passion to pursue something larger and help others succeed, he and close friends David Callanan and Derek Thompson opened the doors to Advisors Excel in 2005 - chasing a dream to redefine their industry.

Mr. Foster’s recent comments have included:

  • "The retirement system in the United States is in chaos. Government retirement vehicles are grossly underfunded, most companies have dropped their defined benefit pension plans, and for those fortunate enough to have a 401K, the savings and investments are at the mercy of their employer's plan administrator. Our nation's approach to retirement is ripe for change, and it would be inspiring to see the president or Congress offer some viable alternatives"
  • "Rather than merely tinkering with our current system, I think it is time for drastic measures. I believe the time is right to decouple retirement savings from our employers"
  • "Does it really make any sense to tie our retirement savings to our employers? Our employers already provide our wages and, in most cases, our health coverage, as well. Why have employers been cast in the position of not only telling their workers how to invest their retirement dollars but of serving as the retirement-plan administrators as well? The entire approach is not only absurd, it also begs the question: when did we become so fragile?"
  • "The downside of 401K plans is that the current system does not allow an employee any freedom. It does not allow the employee to invest his or her own saved dollars how he or she sees fit. Instead, employers throw together a limited menu of investment options, and the employee is left with very little choice. There is no option to choose a favorite investment company or a trusted relative or friend, nor is there the option of hiring an advisor. Let us be frank, here: when it comes to modern retirement plans, you and I are pretty much at the mercy of our employers"
  • "It is time we allow the people who are actually saving for their own retirement to decide what is best for themselves. It is time to limit the power and influence of the employer, the Department of Labor and our elected officials. It is time to place the control of our futures, and of our retirements, back in the quite capable hands of the American people"

Sherrie Grabot
(CEO, GuidedChoice)

 

 

CEO Summit XXX
Speaker
Sherrie Grabot
(CEO, GuidedChoice
)


 

 

 

 

 

 

 

Sherrie Grabot is CEO of GuidedChoice. Before founding GuidedChoice, Ms. Grabot developed some of the earliest technology systems for 401K plans at Apple, T. Rowe Price Group, and Trust Company of the West. With experience as both a former plan sponsor and plan provider, she has a strong understanding of what participants and retirement plans require to succeed, and continues to serve as a leader in the evolution of the 401(k).

Ms. Grabot’s recent comments have included:

  • "We need more tools to automate and scale our businesses. These businesses are hard to scale. Any tool to help the stay connected with clients I think is beneficial"
  • "We are not here to disrupt advisors at all and is why we launched into the institutional space first. Marstone will educate investors through design"
  • "There is a belief that the robo advisor will disintermediate traditional advisors from the planning process, but that is not true"
  • "There are 50,000 fewer advisors in the industry today then in 2008. We need technology simply to handle the wealth transfer. This is why robo-advisors will complement, rather than replace, traditional advisors. Finance is intimidating for the majority of Americans, so they want the personal relationship, but it’s not a scalable business if it is purely human-driven. Technology devoid of humanity will not win"
  • "Technological advancements have forever shifted consumer behavior, redefined our expectations of the companies we do business with, and fundamentally altered how we communicate with the world. Combining humanity with technology and design will result in deeper client engagement, retention and recruitment"

Fred Jonske
(CEO, M Financial Group)

 

 

CEO Summit XXX
Speaker

Fred Jonske
(CEO, M Financial Group)


 

 

 

 

 

 

 

Fred Jonske is CEO & President of M Financial Group. Mr. Jonske joined M Financial in 1996 with 25 years of experience in the life insurance industry. He was previously President, Chief Operating Officer, and board member of Lincoln Benefit Life Insurance Company of Lincoln, Nebraska, and Surety Life Insurance Company of Salt Lake City, Utah. Mr. Jonske was also Vice President and a board member of Allstate Life Insurance Company, as well as a board member of Lincoln Benefit Financial Services. In 1971, Mr. Jonske began his career with Allstate Life Insurance Company and, prior to his election as President of Lincoln Benefit Life in 1982, held various actuarial positions in the individual and corporate areas. Mr. Jonske led M Financial’s reorganization from a partnership to a member-owned holding company and remains focused on developing and executing a strategy consistent with the company’s core values—innovation, collaboration, excellence, leadership, and advocacy—that enhances Member Firm competitiveness and drives overall growth. Mr. Jonske is Chair of the MFH Nominating Committee and the M Benefit Solutions Compensation Committee. He is a member of the Board of the American Council of Life insurers (ACLI), the University of Portland Board of Regents, and The American College Board of Trustees. He serves on the ACLI Financial Services Steering Committee, the American Academy of Actuaries, and AALU.

Mr. Jonske’s recent comments have included:

  • "We have seen movement away from internally developed technology toward outsourced solutions. Among wirehouses this has been an interesting trend"
  • “The client space has certainly been evolving a lot more quickly in the last five years than it had previously. If you look at the buy side and go back ten or fifteen years ago, you had mostly traditional asset managers who serviced high net worth institutional clients around the globe. What you see today is a lot more specialization in the buy-side landscape. You have dedicated hedge funds, dedicated, traditional asset managers, & people who manage mutual funds and long-only investment portfolios”
  • “From the 1990s until about 2009, we saw a lot of firms that were single product specialists. Since the market crisis, it seems that a lot of those firms are now diversifying into other products, which has created an opportunity for Advent Software”
  • "We did not want to force the wrong system on the wrong client. That decision was the right decision long-term. And we feel really good about the fit of the products that we are rolling out to our clients"
  • “I am really thrilled. We had to earn the trust of the marketplace back and we are making good progress"

Richard Joyner
(CEO, Tolleson Private Wealth Management)

 

 

CEO Summit XXX
Speaker
Richard Joyner
(CEO, Tolleson Private Wealth Management
)


 

 

 

 

 

 

 

Richard Joyner is the President and CEO of Tolleson Wealth Management’s Private Wealth Management Group. In this role, he is active in setting the vision and strategy for Tolleson Private Wealth Management. Mr. Joyner serves on the company’s Board of Directors, Executive Committee and Investment Committee and leads the company’s Family Education efforts. Mr. Joyner works with multi-generational families to address the complex issues of successful wealth transfer. His expertise encompasses such diverse areas as complex income and estate tax planning; family dynamics and education; and investment management. He facilitates numerous family meetings for clients each year, and speaks regularly to families that want to overcome the old adage of “shirtsleeves to shirtsleeves” in three generations. Over the years, Mr. Joyner has received a number of professional awards, including recognition by Worth Magazine as one of its Top Financial Advisers and by Barron’s Magazine as one of the Top 100 Independent Financial Advisors in the U.S. He served nine years on the Board of Directors of the Investment Management Consultants Association (IMCA), including two years as its President (2002-2003). He has served on IMCA’s wealth management committee for more than 10 years and teaches in the Certified Private Wealth Advisor (CPWA) program offered jointly by IMCA and the University of Chicago. In addition to being a Certified Public Accountant* (CPA), he holds the Certified Investment Management Analyst (CIMA), Certified Private Wealth Advisor (CPWA), Personal Financial Specialist (PFS) designations, and is a Certified Financial Planner™ (CFP®) practitioner.

Mr. Joyner’s recent comments have included:

  • "HD Vest’s brand, combined with its track record of growth and client service, firmly establishes the company’s leadership in providing financial advice through the tax professional market. HD Vest’s continued focus on tax professionals, and the specific needs they and their clients have, create a differentiated platform that we believe will thrive for years to come"

Roger Kafker
(Managing Director, Asset Management, TA Associates)

 

 

CEO Summit XXX
Speaker
Roger Kafker
(Managing Director, Asset Management, TA Associates
)


 

 

 

 

 

 

 

Roger Kafker is a Managing Director at TA Associates. Mr. Kafker focuses on investments in financial and business services companies with a focus on asset management and transaction processing. Mr. Kafker is a member of TA’s Executive, Core Investment and Portfolio Committees. He joined TA in 1989 and has more than 26 years of experience in the private equity industry. Over his career, Roger has sponsored numerous investments in the asset management and transaction processing sectors. He has served on the board of seven investments in private companies that have gone public, raising well over a billion dollars of capital, including Affiliated Managers Group and ANSYS, both of which have market capitalizations of more than $5 billion today. Mr. Kafker has sponsored 30 investments, 26 of which are fully or partially exited, totaling over $2.2 billion of invested capital. He has significant experience investing in asset management companies having made eight investments in this sector. He has experience investing in transaction processing companies, including Cardtronics and BluePay Processing and helped source and close multiple acquisitions for both companies with an aim to accelerate growth by building scale. Mr. Kafker has served on the Board of Directors of numerous public companies. He is currently on the boards of BluePay Processing, Evanston Capital Management, Keeley Asset Management, & Stadion Money Management.

Mr. Kafker’s recent comments have included:

  • "FinTech entrepreneurs have a unique problem, which is the high cost of data to help them build applications. They raise $2 million of venture capital funding, and then spend $100,000 of it buying market data from Bloomberg or Thomson Reuters. Or they show up to customers, who say, nice app, but it has not been tested on robust data sets. We think that is a problem we can help solve"
  • "Bankers will get direct feedback and much more frequent feedback from the startups in the Sandbox using their data. So if they value that proximity and ability to go in and talk to the founders of those companies, we will be able to give them that "

Charlie Kroll
(President, Ellevest)

 

 

CEO Summit XXX
Speaker
Chris Jones
(Chief Investment Officer, Financial Engines
)


 

 

 

 

 

 

 

Charlie Kroll is President & Cofounder of Ellevest Financial, a NYC-based online wealth management startup focused on women investors. Previously, he was founder and CEO of Andera, a venture-backed provider of customer acquisition solutions in the financial services industry, acquired by Bottomline Technologies in April 2014. He led all aspects of company growth from dorm room startup to profitable industry leader with over 100 employees, 3 offices, 500 financial institution customers, and $17MM in capital raised from angel, venture, and strategic investors including Intuit, Edison Ventures, Silicon Valley Bank, and New Markets Venture Partners. Over 10+ years under his leadership, the company adapted to multiple market changes and business cycles, including two major strategy changes and the acquisition of a competitor. Mr. Kroll is passionate about product design and company culture, and has expertise in Cloud, B2B, SaaS, and Fintech business models. He was named 2006 New England Young Entrepreneur of the Year by the United States Small Business Administration (SBA), and is a past Ernst & Young Entrepreneur of the Year finalist. He is also actively involved in the entrepreneurial community, as a founding board member of Venture for America, chair of the Brown University Entrepreneurship Program, and advisor to a number of startups.

Mr. Jones' recent comments have included:

  • --

Jeff Lovell
(CEO, Lovell Minnick Partners)

 

 

CEO Summit XXX
Speaker
Jeff Lovell
(CEO, Lovell Minnick Partners
)


 

 

 

 

 

 

 

Jeff Lovell is CEO & Co-Chairman of Lovell Minnick Partners and co-founded the firm in 1999. Mr. Lovell serves as chair of its investment committee. Prior to co-founding Lovell Minnick Partners, he co-founded Putnam Lovell Group in 1987. In his years at Putnam Lovell Group, Mr. Lovell served as president and vice chairman through its development from a single office, M&A advisory firm to a full-service investment bank with over 150 employees serving financial institutions worldwide from offices in the US and UK. Putnam Lovell Group became widely recognized as a prominent boutique firm in global financial services and Mr. Lovell served as the senior investment banker on numerous mergers and acquisitions. Prior to the founding of Putnam Lovell Group from 1976 through 1987, Mr. Lovell held executive positions at SEI Investments including managing director of SEI Financial Services (UK), western division manager and senior vice president of national sales. Mr. Lovell is a member of the boards of directors of Matthews International Capital Management and 361 Capital. Mr. Lovell is a board member emeritus of the Leeds School of Business at the University of Colorado and, most recently, was a member of the investment committee of the University of Colorado Foundation for over a decade. Among others, prior board positions include Duff & Phelps Corporation, Leerink Swann Holdings, Mercer Advisors, and Stein Roe Investment Counsel..

Mr. Lovel’s recent comments have included:

  • [Coming Soon]

John Mauldin
(Chairman, Mauldin Economics)

 

 

CEO Summit XXX
Speaker
John Mauldin
(Chairman, Mauldin Economics
)


 

 

 

 

 

 

 

John Mauldin is Chairman of Mauldin Economics, and economics publishing firm. Mr. Mauldin is also President of Millennium Wave Advisors which is an investment advisory firm registered with multiple states; and is also President and a registered principal of Millennium Wave Securities, a FINRA and SIPC registered broker/dealer. Mr. Mauldin is a renowned financial expert, a New York Times best-selling author, a pioneering online commentator, and the publisher of one of the first publications to provide investors with free, unbiased information and guidance – Thoughts from the Frontline—one of the most widely read investment newsletters in the world. Mauldin Economics publishes a growing number of investing resources, including both free and paid publications aimed at helping investors do better in today's challenging economy. In addition to publishing, John is cosponsor and host of the Strategic Investment Conference - an annual event for accredited investors that draws a faculty of some of the most respected investment and economic luminaries in the world. He is a frequent speaker at conferences around the world and consults with a number of private firms. He is also a sought-after contributor to numerous financial publications, as well as a regular guest on TV and radio. His books have appeared on the New York Times best-seller list four times.

Mr. Mauldin’s recent comments have included:

  • “Many, many Americans are concerned about stagnant wages. But more to the point, they are concerned about whether their income can meet their needs. If everyone’s income stayed about the same but the costs of living went down, it wouldn’t matter if incomes were stagnant – or at least it should not. There is substantial evidence that many of life’s necessities are getting either cheaper or not getting any more expensive”
  • “The only thing that is clear about employment and wages, therefore, is the following: jobs in the United States are relatively plentiful but well-paying jobs are less so. And you had better pick a job in a rising rather than a declining sector, or you are screwed. Wages are booming for jobs that are attached to the evolving technology-infused economy of tomorrow; they are not booming and may be contracting for anything that can be done by almost anyone. As a result, wages may rise somewhat, but only because they are rising well above inflation for some and not much in real terms for most”
  • “In the waning moments of 2014, something happened that had been a long-time coming but seemed it might never arrive: the public mood in America shifted, ever so slightly yet significantly, from negativity and pessimism about the arc of the economy to something approximately hope about the future”
  • “United States stocks are now modestly positive for the year (the S&P 500 is up just shy of 1.5% as of February 12), while global equities are for the first time in a long while outperforming considerably. The lack of panic in the face of volatility and the modest start should be seen as quite positive signs. Equities are not galloping too far ahead, and fear seems as much in check as euphoria. That equilibrium rarely lasts, so we should use it well to position and tweak”
  • “Active versus passive. No, it is not a debate to stir the passions of the public, but in the world of investing and deciding how to gain exposure to sectors, it is a rivalry up there with the Hatfields versus the McCoys, the North versus the South, the Yankees and the Red Sox... in truth, however, while the polarized positions speaks to different groups of managers battling for fund flows and for the upper hand in a market debate, most investors are best served not by an either-or approach. Instead, placing select bets on select active managers can and likely should be combined with select positions in select passive funds”

Sean McShea
(President, Ryan Lass Asset Management)

 

 

CEO Summit XXX
Speaker
Sean McShea
(President, Ryan Lass Asset Management
)


 

 

 

 

 

 

 

Sean McShea is the President of Ryan Labs. He oversees the firm’s investment management strategies for institutional clients, from pension funds and corporations to endowments and insurance firms. Mr. McShea has more than twenty years of experience with Ryan Labs Asset Management providing investment management and liability advisory services to the financial services industry. He is also a member of the Board of Directors. Mr. McShea is a frequent speaker at financial seminars on topics such as asset allocation, custom indices, performance attribution and risk management. Mr. McShea previously served as a management consultant at Accenture in their financial services practice.

Mr. McShea’s recent comments have included:

  • "Advisors today are spending 50, 60, 70 basis points on their clients’ money trying to manually manage the money and provide all of that client service. What Is incredible about Autopilot is that for 25 basis points that advisor gets to put all of their hassles of their business on autopilot – the trading; the rebalancing; the client-service calls, you know, the pedestrian client-service calls to liquidiate some money, withdraw some money, and transfer some money in. They get to put all of that on autopilot, and they get to get back to focusing on their clients and running their business”
  • "The Autopilot platform is pretty unique in its ability to democratize access to advice, because, it really gives advisors the ability to profitably serve clients large and small"
  • "When advisors have gone in to advise on a 401K plan they [are] usually … only focusing on the 5% of participants who have a lot of outside assets, but, with the Autopilot platform that advisor can profitably serve every single plan participant, which means every one of them is going to get higher quality advice overall. We think that is really important for advisors"
  • "We went from the denial stage where advisors refused to believe it would affect their business to the alarmist stage, which we are in now, where suddenly they believe they have to become robo-advisors to survive. But we cannot out-robo the robo-advisors. In the race to depersonalize the investor experience, the venture capital-backed money will win"
  • "Advisors say they want simplicity, and then they send us requests on a monthly basis to make it more complicated. We simply say no, because at the end of the day they still want simplicity, and it is something they love us for”

Joe Mrak
(CEO, FolioDynamix)

 

 

CEO Summit XXX
Speaker
Joe Mrak
(CEO, FolioDynamix
)


 

 

 

 

 

 

 

Joe Mrak is CEO & Chairman of FolioDynamix. Mr. Mrak has led the company’s growth from its inception in 2007 to its current position as a fast-growing leader and innovator in the wealth management industry. With 25 years in the industry, Mr. Mrak is an established thought leader and entrepreneur known for his vision and ability to evolve technology and investment products to meet the dynamic needs of leaders in the industry. The modular, seamless and scalable technology platform of FolioDynamix is quickly becoming the modern-day platform of choice for firms seeking to grow and lead in the new era of wealth management. Prior to launching FolioDynamix, Mr. Mrak co-founded Placemark Investments, the pioneer in overlay management and standards bearer in delivering highly customized account solutions. Mr. Mrak also served as general manager of BISYS WealthSolutions, now owned by Citigroup, and headed up product strategy for CheckFree Investment Services, now Fiserv, where he led product development for CheckFree APL. Mr. Mrak is an established authority in investment program design, wealth management technology, business process best practices, and front-, middle- and back-office operations. Mr. Mrak started his career working for top consulting firms including A.T. Kearney and Ernst & Young LLP, where he served as a financial services strategy consultant and gained critical insights into the complexities of the financial services industry.

Mr. Mrak’s recent comments have included:

  • Existing trusted product providers with the ability to add online robo-advice with zero operational overhead is the real game changer”
  • “The combination of robo-advisor ease and convenience coupled with existing trusted brands and products is everything the majority of consumers will ever need”
  • “Consumers need to feel an advisor is instantly on hand even though they do not want to have to call on it”
  • "The contestable market for holistic advice is not where the growth is at present. The market that is not getting advice is those who want it online and with instant responses, with phone support an option"
  • "When an advisor generates a piece of advice automatically out of Decimal it is totally produced from inside the system, it is all captured in a database – there is no word processor in sight. So a compliance officer can absolutely see in real time what has been done"

Michael Nathanson
(CEO, The Colony Group)

 

 

CEO Summit XXX
Speaker
Michael Nathanson
(CEO, The Colony Group
)


 

 

 

 

 

 

 

Michael Nathanson is CEO, Chairman, & President of The Colony Group. Mr. Nathanson is widely regarded as a leader in the wealth management industry. Previously, Mr. Nathanson served as Chief Financial Officer and General Counsel of The Colony Group. Prior to joining the firm, he was a Senior Partner at the international law firm of Wilmer Cutler Pickering Hale and Dorr, where he held several leadership positions. Mr. Nathanson has been recognized eight times by Barron’s magazine as one of the top 100 independent financial advisors in the nation and has been included in Worth magazine’s list of the country’s top 250 wealth advisors.* He also was selected six times as a “Super Lawyer,” as published in Massachusetts Super Lawyers, while practicing at WilmerHale. He is committed to sharing his knowledge and experience with clients, colleagues, and the next generation of industry leaders and is a frequent speaker at industry conferences. He also has served on the Fidelity Institutional Wealth Services Advisor Council and the Schwab Advisor Services Advisory Board. Previously, he served on the Board of Advisors for Boston University’s Program for Financial Planners and as Co-Chairman of the Boston Bar Association Tax Section. Mr. Nathanson has frequently been interviewed and published on a wide variety of financial, tax, and legal topics by many national and local news outlets, including Reuters, Dow Jones, the Wall Street Journal, Investment News, Financial Planning, the Boston Business Journal, and numerous journals and industry publications. Mr. Nathanson is also passionate about public service. He serves as the Chairman of the Board of Directors of the National Brain Tumor Society and also serves on the Boards of Cure GBM and Pediatric Cancer Cure. He is a member of the Israel Bonds National New Leadership Board and also has served as a member of the Investment Committee of the Massachusetts Service Alliance and as a Trustee and Director of the Needham Historical Society.

Mr. Nathanson recent comments have included:

  • "We treated our foreign team like Spock. All logic, zero emotion. When you treat people like robots, you do not inspire outstanding work, convey your vision, or instill passion"
  • "A decade is a long time to get used to a global economy. Nonetheless, a Silicon Valley tech company, capable of easily knowing better, fell into the momentary trap of treating offshore people like machinery for the same reason you might: You are busy; it is easier to believe that clearly-worded commands solve everything. I get all that. But when it comes to building something awesome, you flat out need people who care deeply about you and your vision"
  • "Is it over for the direct-to-consumer robo advisor? It is sure starting to look that way, despite the phenomenal success of the early robo advisors"
  • "The biggest financial firms simply have too many financial resources and technology know-how to allow upstarts -- well-funded though they may be -- to undermine what has become a core business and earnings stream. As the largest banks, brokerages, wirehouses and asset managers begin offering digital investment advisory services, they will blunt the threat from stand-alone robo advisors and maintain their existing, significant market share. That is bad news for most of the robo advisors, whose business models are predicated on taking market share from the industry’s established players"
  • "If the robo advisor is such a good idea, why have the biggest firms been slow to embraced it? It is true the largest financial institutions have been caught off guard by the success of the early robo advisors. That is normal when innovation disrupts the status quo. Change often surprises the incumbents. To their credit, the industry has moved quickly beyond whether a robo advisor is a good idea. They’re now true believers. It’s just a matter of implementation. Many of the largest players are convinced not only because of the early robo advisors, but because of the success of institutional players such as Charles Schwab"

Roger Ochs
(CEO, HD Vest Financial Services)

 

 

CEO Summit XXX
Speaker
Roger Ochs
(CEO, HD Vest Financial Services
)


 

 

 

 

 

 

 

Roger Ochs is CEO & President of HD Vest Financial Services. Mr. Ochs manages the day-today operations and directing the future of the firm, which has approximately 300 employees based in Irving, Texas. He has been with the firm since February 1987 and was named president in 1999. HD Vest provides innovative solutions and the latest tools to help HD Vest Advisors meet their clients’ needs. Before becoming president of HD Vest, Mr. Ochs held multiple management positions within the organization, overseeing sales, marketing and technical support for Advisors. Prior to joining HD Vest, Mr. Ochs worked with Prudential-Bache Securities as a financial planner. Mr. Ochs served as the vice chair on the Independent Firms Committee of the Securities Industry and Financial Markets Association (SIFMA), is a member of the Texas Bar Association and the Dallas Bar Association, and is an associate member of the National Association of Enrolled Agents. He is licensed to practice law in the state of Texas, is a Certified Financial PlannerTM (CFP) professional, Chartered Life Underwriter, Chartered Financial Consultant and holds the Series 4, 7, 24, 53, 63, and 65 securities registrations.

Mr. Ochs’ recent comments have included:

  • “The organic growth of Edelman Financial Services is unprecedented. In 2009, we had 25 financial planners in the Washington, DC area managing $4.5 billion for 10,000 clients. Six years later, we have 120 planners in 41 offices coast-to-coast, managing $14 billion for 28,000 clients. And we have built a foundation that will allow us to accelerate our growth trajectory”
  • “Financial education has been the key to our success. We reach consumers through radio, television, print, digital and seminars. By demonstrating our abilities and approach to personal finance, many of those whom we have educated turn to Edelman Financial for help with their finances”

Deval Patrick
(Managing Director, Bain Capital Partners)

 

 

CEO Summit XXX
Speaker
Deval Patrick
(Managing Director, Bain Capital Partners
)


 

 

 

 

 

 

 

Deval Patrick is a Managing Director at Bain Capital. Mr. Patrick joined Bain Capital in 2015 to found a new business that focuses on impact investing. Prior to joining, Mr. Patrick served as Governor of the Commonwealth of Massachusetts for eight years. Before entering public office, Mr. Patrick was Executive Vice President and General Counsel of The Coca-Cola Company. He also worked as Vice President and General Counsel of Texaco, Inc. and served on the company’s Executive Council. Mr. Patrick was previously a Partner at Day, Berry & Howard and a Partner at Hill & Barlow. In 1994, he was appointed by President Clinton as Assistant Attorney General overseeing the Civil Rights Division of the U.S. Department of Justice.

Mr. Patrick’s recent comments have included:

  • "The ability to transfer money on social media with just a hashtag is revolutionary for the financial technology sector – a space ripe for disruption"
  • "Global financial services companies require the right application of technology, compliance and regulatory rigor, while also creating a compelling user experience. Payoneer continues to show it can excel in all of these areas, and continues to innovate and create compelling solutions for companies that need to make lots of payments or get paid in lots of places. It is a great leadership team, with a big vision, and I am excited to be part of it"
  • "SigFig sees the extraordinary opportunity to marry scalable automated investment advising with mainstream financial institutions and their millions of customers who need easy access to high quality, affordable advice. Our model at Nyca consists of investing both our time and money in what we believe in. We believe in SigFig’s mission and are excited to be a part of their journey"
  • "Technology advances in the consumer space have been breathtaking but in the institutional world, bank desktops are still dominated by legacy software. Banks clearly want to accelerate the development of financial applications, and OpenFin provides the technology to enable that to happen"
  • "Unless you are a really big company, making cross-border B2B payments is a shockingly bad experience. Businesses pay opaque fees, and neither the recipient nor the payer has any idea when the payment will be credited. Align Commerce has low fees, real-time tracking, and complete transparency on foreign exchange costs. We invest in companies with innovative solutions to big problems in financial services. This is central to our business model, and Align accomplishes just that"

Matt Patsky
(CEO, Trillium Asset Management)

 

 

CEO Summit XXX
Speaker
Matt Patsky
(CEO, Trillum Asset Management
)


 

 

 

 

 

 

 

Matt Patsky is CEO of Trillium Asset Management and a portfolio manager, leading our Sustainable Opportunities strategy. He joined Trillium 2009, and has three decades of experience in investment research and investment management. Mr. Patsky began his career at Lehman Brothers in 1984 as a technology analyst. In 1989, while covering emerging growth companies for Lehman, he began to incorporate environmental, social and governance factors into his research, becoming the first sell side analyst in the United States to publish on the topic of socially responsible investing in 1994. As Director of Equity Research for Adams, Harkness & Hill, he built that firm’s powerful research capabilities in socially and environmentally responsible areas such as renewable energy, resource optimization, and organic and natural products. Prior to joning Trillium, Mr. Patsky was at Winslow Management Company in Boston, where he served as director of research, chairman of the investment committee and portfolio manager for the Green Solutions Strategy and the Winslow Green Solutions Fund. Mr. Patsky currently serves on the board of Environmental League of Massachusetts, Shared Interest, and Pro Mujer. He recently served on the board of US SIF and Root Capital. Mr. Patsky is a member of the Social Venture Network (SVN). He is a Chartered Financial Analyst charterholder and a member of the CFA Institute.

Mr. Patsky'’s recent comments have included:

  • "There is an ironic, philosophical gap between the creative idealism of the startup industry and the investors who fund them. Our industry, with its insatiable appetite for ideas that will change the world, is stuck in a traditional paradigm that does a regrettable disservice to the industry it claims to support"
  • "Your career is a marathon, not a sprint. As you balance work and family, it may take you a little longer to achieve leadership roles than your male counterparts, but stay in the game and you will accomplish your goals"
  • "Another constant source of hope: the next generation. Millennials are the most passionate, value-driven and brand-savvy people the industry has known. They display stalwart loyalty to brands that share their own values. They are also the most diverse generation in US history, so naturally, diversity is important to them"
  • "The most successful female entrepreneurs are recruiting buy-in to their mission and culture"
  • "I sincerely hope that millennials will apply their unique ethos to their funding strategies and career decisions. I hope they seek out and partner with venture capitalists who share their same values about gender diversity, who are unafraid to invest in woman-led startups, and who have women on staff throughout their ranks. I hope they will embrace the diversity that helps to define their generation"

Don Phillips
(Executive Vice Presiden, Strategic Global Sales, National Financial Services)

 

 

CEO Summit XXX
Speaker
Don Phillips
(Executive Vice President, Strategic Global Sales, National Financial Services
)


 

 

 

 

 

 

 

Don Phillips is a Managing Director at Morningstar. Previously Mr. Phillips oversaw the firm’s global fund, equity, & credit research. He has also served on the company’s board of directors since 1999. Mr. Phillips joined Morningstar in 1986 as the company’s first mutual fund analyst and soon became editor of its flagship publication, Morningstar Mutual Funds, establishing the editorial voice for which the company is best known. Mr. Phillips helped to develop the Morningstar Style Box, the Morningstar Rating, and other distinctive proprietary Morningstar innovations that have become industry standards.

Mr. Phillips’ recent comments have included:

  • "Docupace is dedicated to providing high quality, enterprise-class solutions for financial service firms. We have identified a need for complimentary cyber-security services that can be offered to firms of all sizes without diluting the service offering due to economic constraints. Together with Security Snapshot, we are excited to launch this new initiative to fill this critical need"
  • "Our vision for the industry and overall solutions we can provide is perfectly aligned. We consider RCS Capital a perfect partner for us in future stages of our growth"
  • "We are enhancing the depth and breadth of our ePACS productivity suite to bring added value to our current customers and the financial services industry at-large. Each of these new solutions leverages the strength and power of the ePACS technology platform, while addressing long-standing challenges for financial services firms"
  • "Last month, when it was announced that Pershing LLC (Pershing) had selected SIGNiX as the digital signature solution to be integrated into NetX360, we were extremely excited at Docupace. If Pershing's decision to move towards e-signatures was not a seismic shift in the industry moving toward STP, then I am not sure what is. This provides credibility that Straight-Through Processing is having a profound impact on the way the industry is progressing"
  • "Docupace is very excited to partner with JP Turner and leverage the efficiencies of the Docupace STP Network for all of their advisors"

Alex Potts
(CEO, Loring Ward Group)

 

 

CEO Summit XXX
Speaker
Alex Potts
(CEO, Loring Ward Group
)


 

 

 

 

 

 

 

Alex Potts is the CEO & President of Loring Ward Group, as well as CEO & President of the SA Funds – Investment Trust. Previously, he was the Chief Operating Officer of LWI Financial. Mr. Potts has also served as CEO of RNP Advisory Services, a registered investment advisory firm. Mr. Potts started the SA Funds – Investment Trust and founded Loring Ward Securities (formerly Assante Capital Management). In addition, he served as Executive Vice President and General Manager of LWI Financial. (formerly Assante Asset Management). Mr. Potts holds General Securities (Series 7), State Law (Series 63) and General Securities Principal (Series 24) licenses.

Mr. Potts’ recent comments have included:

  • "The moment you say index, you are telling the world you are going to be trading on this particular day. If you have zero flexibility when you trade, it is going to cost you money"
  • "I think people have been a bit disappointed by stock picking so people are trying to move away from it"
  • "Advisors are increasingly interested in moving towards making rational decisions based on very sound academic research, and that is what we provide"
  • "Momentum factors last for a shorter period than value factors. When that downward momentum decays, if the stock is still a good value, we will consider buying"
  • "We like to track the data on everything, so we can create a history, which could be useful if things change"

Brad Pries
(CEO, Sawtooth Solutions)

 

 

CEO Summit XXX
Speaker
Brad Pries
(CEO, Sawtooth Solutions
)


 

 

 

 

 

 

 

Brad Pries is CEO of Sawtooth Solutions. Mr. Pries is responsible for all operations at Sawtooth Asset Management. Prior to founding Sawtooth, Mr. Pries was the president and chief communications officer of Redhawk Wealth Advisors, an SEC registered investment adviser located in Minneapolis. Prior to co-founding Redhawk, Mr. Pries was a senior vice president at Mt. Yale Capital Group where he headed up new product development. Prior to joining Mount Yale, Mr. Pries was the chief operating officer for MAI Advisors, an alternative investment firm specializing in the use of Index and Equity Option strategies. Mr. Pries was vice president of Integrated Portfolio Management from 1996 to 2003, a registered investment advisory firm based in Minneapolis. Prior to Integrated Portfolio Management, Mr. Pries was an owner and financial operations principal & general securities principal of Financial Management Services, a broker dealer. Prior to that, he was principal for Royal Alliance Associates, a large independent broker dealer, for whom he managed an office and had supervisory/compliance responsibility for fifteen brokers. Mr. Pries started his career as an asset manager for BEI/RITZ where he managed a $100 million tranche of a $2 billion portfolio of “distressed” assets.

Mr. Pries’ recent comments have included:

  • "We have seen that our most successful inroads are through companies that are experiencing significant shifts in their business models or their ownership structure or organization"
  • "With variable annuities, the contracts are more expensive and the riders are less attractive. It is more difficult for advisers to do 1035 variable annuity exchanges, and the new business is not as attractive"

 

Tony Salewski
(Managing Director, Genstar Capital)

 

 

CEO Summit XXX
Speaker
Tony Salewski
(Managing Director, Genstar Capital
)


 

 

 

 

 

 

 

Tony Salewski is a Managing Director with Genstar Capital. Mr. Salewski helps to identify, evaluate and execute acquisition and investment opportunities. Prior to joining Genstar in 2007, Mr. Salewski was the Chief of Staff at Barclays Global Investors, where he executed strategic initiatives for the Executive Committee. Prior to BGI, Mr. Salewski was an Associate at Hellman & Friedman, a private equity investment firm in San Francisco. Mr. Salewski began his career in the investment banking division of Morgan Stanley in New York.

Mr. Salewski’s recent comments have included:

  • “Envestnet provides advisors with flexible, efficient, and scalable access to intellectual capital from more than 60 institutional managers through the Envestnet Fund Strategist Network. We are offering a similar service for retirement plan advisors"
  • "The ERS Fund Strategist Network enables us to provide the independent, unbiased fiduciary oversight and support that retirement plan sponsors, broker-dealers, and advisors are seeking. Given the adoption of the fiduciary standard and prudent investment practices in the retirement industry, we believe the Network can help broker-dealers, banks and trusts, and retirement advisors to truly act in the best interests of plan sponsors and participants"
  • "Startup Village must be commented for its vibrant environment and the opportunities it was providing to youngsters and for bridging the gap between Silicon Valley and Kerala"

Jeremy Schein
(Managing Director, Corsair Capital)

 

 

CEO Summit XXX
Speaker
Jeremy Schein
(Managing Director, Corsair Capital
)


 

 

 

 

 

 

 

Jeremy Schein is Managing Director of Corsair Capital. Mr. Schein joined Corsair Capital in 2001 and is responsible for the origination, analysis, execution, monitoring and realization of fund investments. He has worked on transactions in the banking, insurance, financial technology, asset management and specialty finance sectors across the Americas, Europe and Asia. Mr. Schein is a director of NoteMachine Holdings, and acts as Corsair Capital's investment representative in many other transactions.

Mr. Schein’s recent comments have included:

  • [Coming Soon]

Aamir Sheikh
(Managing Partner, Echelon Capital Strategies)

 

 

CEO Summit XXX
Speaker
Aamir Sheikh
(Managing Partner, Echelon Capital Strategies
)


 

 

 

 

 

 

 

Aamir Sheikh is the Chief Investment Officer, Head of Research, and Managing Member at Echelon Asset Management. Mr. Sheikh joined Echelon from Bank of America, where he was Managing Director in the Enterprise Portfolio Management Group, part of the Corporate Investment Group. Prior to moving to the Corporate Investment Group, Mr. Sheikh was Managing Director of Portfolio Analytics in the Global Equities group of Merrill Lynch. From 1994 to 2005, Mr. Sheikh served in various roles at Barra Inc., including Manager of Derivatives Research, Head of Enterprise Risk Management, Director of Research at Barra Rogers Casey, Director of Research and Head of the Content Group (Research, data development and maintenance, and model delivery), Head of Distribution (Sales, Marketing and Client Support), and President. Mr. Sheikh was an Assistant Professor of Finance at Indiana University from 1987 to 1994. Mr. Sheikh has numerous publications in both academic and practitioner journals.

Mr. Sheikh’s recent comments have included:

  • [Coming Soon]

Clara Shih
(CEO, Hearsay Social)

 

 

CEO Summit XXX
Speaker
Clara Shih
(CEO, Hearsay Social
)


 

 

 

 

 

 

 

Clara Shih is CEO and founder of Hearsay Social, whose predictive analytics technology helps salespeople reach out to clients at the right time with the right message while staying in compliance with industry regulations. A pioneer in the social media industry, Ms. Shih developed the first social business application in 2007 and subsequently authored the New York Timesfeatured best-seller, The Facebook Era. Ms. Shih has been named one of Fortune’s “Most Powerful Women Entrepreneurs,” Fast Company’s “Most Influential People in Technology,” BusinessWeek’s “Top Young Entrepreneurs,” and both Fortune’s and Ad Age’s “40 Under 40.” She was also named a “Young Global Leader” by the World Economic Forum, InvestmentNews’ “40 under 40,” and “5 to Watch” in ThinkAdvisor’s 2015 IA 35 for 35. Ms. Shih is a member of the Starbucks board of directors and previously served in a variety of technical, product, and marketing roles at Google, Microsoft, and Salesforce.com. She graduated #1 in computer science at Stanford University, where she also received an MS in computer science. She also holds an MS in internet studies from Oxford University, where she studied as a U.S. Marshall Scholar.

Ms. Shih’s recent comments have included:

  • “We believe wealth is reliably created only through participation in profitable economic activity. Risk is unavoidable, but take it intelligently”
  • “Because so much of the total wealth generated by a bull market comes at the very end of the cycle, reallocating away from equities due to client concerns about the current market environment can be a very costly strategy”
  • “Remember that both advisors and clients evaluate their entire experience; we sometimes forget that an individual’s feelings are integral to the investment process”
  • “Like Billy Beane [the general manager of the Oakland A’s], Savos’ job is to build a championship team. When we build a stock portfolio, our goal is to combine companies with appealing individual characteristics that also complement the other holdings”
  • “Embrace volatility and look for undervalued areas of the market; for example, our research has indicated a significant current opportunity in high yield municipal bonds”

Andy Sieg
(Business Head, Global Wealth & Retirement Solutions, Bank of America Merrill Lynch)

 

 

CEO Summit XXX
Speaker
Andy Sieg
(Business head, Global Wealth & Retirement Resolutions, Bank of America Merrill Lynch
)


 

 

 

 

 

 

 

Andy Sieg is the Head of Global Wealth & Retirement Solutions at Merrill Lynch and is a member of the Bank of America Operating Committee. Prior to his career at Merrill Lynch, Andy served in the White House as an aide to the assistant to the President for Economic and Domestic Policy. In 1992, he joined Merrill Lynch as an analyst in the Global Wealth Management business, serving in senior strategy and field leadership roles during the next 13 years. Before rejoining the company in 2009, Andy led the Emerging Affluent Client Segment within Citigroup Global Wealth Management from 2005 to 2009. Andy was named an Alumni Fellow of Penn State in 2013, and is a member of the Schreyer Honors College External Advisory Board. He also represents Bank of America Merrill Lynch on the Advisory Board of the Global Coalition on Aging and the Stanford University Longevity Institute. In addition to his work at Merrill Lynch, Andy serves on the boards of ReadWorks.org, a nonprofit dedicated to ensuring that students in our nation’s neediest public schools have literacy skills to compete and succeed in life. He’s also a part of the Peter Westbrook Foundation that helps inner-city children develop life skills through the sport of fencing, academic support and mentoring.

Mr. Sieg’s recent comments have included:

  • "We are proud to have been part of Sheridan’s successful growth and transformation over the last seven years, and we look forward to the promising union of AMSURG and Sheridan. As an ongoing significant shareholder of the combined company, we are confident in the growth and expansion prospects of the new AMSURG and the opportunities we see for continued equity value creation"

Michael Stier
(CEO, Adhesion Wealth Advisor Solutions)

 

 

CEO Summit XXX
Speaker
Michael Stier
(CEO, Adhesion Wealth Advisor Solutions)


 

 

 

 

 

 

 

Michael Stier is CEO of Adhesion Wealth Advisor Solutions. Mr. Stier joined Adhesion in 2000. He has 30 years of global financial services technology expertise, a unique background that combines asset management, strategic organizational leadership and business integration management. Mr. Stier was previously Senior Vice President, Asset Management Group, Bank of America; Technology Head, Worldwide Capital Markets Group, Goldman Sachs; and Senior Consulting Manager, Advanced Systems Group, Anderson Consulting (now Accenture) His functional expertise includes Technology leadership in private banking, trust, institutional and wealth investment management, brokerage, mutual fund businesses; strategic planning, technology infrastructure and organizational management; & enterprise-wide systems integration and acquisition management.

Mr. Stier’s recent comments have included:

  • --
  • --
  • --
  • --
  • --

Scott Stuart
(Managing Partner, Sageview Capital)

 

 

CEO Summit XXX
Speaker
Scott Stuart
(Managing Partner, Sageview Capital
)


 

 

 

 

 

 

 

Scott Stuart is Managing Partner of Sageview Capital. Mr. Stuart co-founded Sageview in 2005 and is based in Greenwich. He is currently the lead independent director at EverBank Financial and a director at Cadence Bancorp, Reflexis, and United Capital. Prior to founding Sageview, Mr. Stuart was a Partner at KKR serving on their investment committee from 2000 to 2005. He joined KKR’s New York office in 1986 and became Partner in 1994, where he was responsible for the utilities and consumer products industry groups. Prior to joining KKR, Mr. Stuart worked at Lehman Brothers Kuhn Loeb, Inc. in the mergers and acquisitions group. Mr. Stuart is also a member of the board at Memorial Sloan-Kettering Cancer Center.

Mr. Stuart’s recent comments have included:

  • "With interest rates poised to rise over the next few years, a large allocation to bonds, especially now, may result in significant capital loss"
  • "It [changing interest rates] hits every aspect of your daily life, from student loans to adjustable rates on your mortgage to your credit card debt, so you want to be very careful, making sure you understand the impact"
  • "If you think the Fed will indeed say yes to a rate hike in September, then you may want to take some of your allocation from your bond funds that are heavily exposed in a negative way to interest-rate increases"
  • "We have always been passionate about building a highly intuitive trading platform and now we are extending that attention to single stock trading with real-time dollar-based trading. Most investors think of trading in terms of whole dollars -- with Motif you no longer have to settle for rounding up to whole shares, you can trade any dollar amount that you want"
  • "It (Swell) is a way of getting market returns. You are investing in your retirement, your education and yourself personally and, while you are doing that, Pacific Life is doing something remarkable. I do not know of another fund that is investing 20% of its revenues to doing good"

Andrew Tsai
(Managing Principal, Chalkstream Capital Group)

 

 

CEO Summit XXX
Speaker
Andrew Tsai
(Managing Principal, Chalkstream Capital Group
)


 

 

 

 

 

 

 

Andrew Tsai is the Managing Principal and Chief Investment Officer of Chalkstream Capital Group. Mr. Tsai co-founded Chalkstream Capital Group in 2004 with Peter Muller. He formed Chalkstream after a ten year career in finance, with various roles including the chief investment officer of Integrity Capital Management, as well as head of German Government Fixed-Income Trading at Lehman Brothers International in London. Mr. Tsai is on the board of trustees for both the Cancer Research Institute and The Brearley School.

Mr. Tsai’s recent comments have included:

  • "We have 80% of advisors now using our corporate RIA. Ten years ago, that number [was] the opposite. The regulatory climate is crazy. Three of our largest [independent] RIAs had the SEC show up at their doors in the last eighteen months. They had no fun [with] their audits"
  • “We call them [Cambridge's three branches doing over $20 million in revenue] the B-Ds inside a B-D. They are successful organizations that add a lot of value to advisors who join. They are growing, and definitely here to stay"
  • "Richer deals [recruiting deals at around 35% to 40% of annual production] may be a product of smaller pipelines, and firms do not feel they can back off"
  • "It does feel that fee-based advisors are moving less and our business is more highly geared toward fee-based"
  • "I do not think it is reasonable to assume that someone working under a suitability standard is a crook, and they should not have to tell a client they are. It is unfortunate that the policymakers are reading too much into what a regulation can do in the real world. Both sides can come to the table to do what is right for the client"

Anna-Marie Wascher
(CEO, Flat World Partners)

 

 

CEO Summit XXX
Speaker
Anna-Marie Wascher
(CEO, Flat World Partners
)


 

 

 

 

 

 

 

Anna-Marie Wascher is CEO & Founding Partner of Flat World Partners. She previously served as a Director at Cantor Fitzgerald as a senior member of the Capital Introduction team. She launched Cantor’s West Coast Capital Introduction Program as well as leading an initiative to support the capital development of minority and women run funds. She is a venture partner to Aera, a venture fund investing in high growth early stage ventures defined by both purpose and profit. She has worked as a member of investment teams for several family offices in the US and Europe. Ms. Wascher started her career with Accenture as a financial consultant in their London investment banking practice as well as supported Accenture’s Socially Responsible business arm. In 2009 Ms. Wascher left Accenture to become Co-founder and COO of Malaika For Life, a nonprofit based in Tanzania. Ms. Wascher is a board member of the Michael J Fox Foundation Young Professionals group and a Young Collectors Committee Member of Henry Street Settlement, as well as a member of the Milken Young Leaders Circle.

Ms. Wascher’s recent comments have included:

  • "Polled investors have good reason not to have high confidence in their retirement readiness. Many Americans unintentionally deplete their retirement savings by making three costly mistakes during their working lives: leaving 401K accounts behind when changing jobs; cashing out retirement savings accounts prematurely; & not informing prior employers' retirement plan record-keepers about address changes"
  • "Our research demonstrates that if you change jobs and leave behind a 401K balance for the first time at age 25, and repeat this practice, by age 65 you will have paid more than $30,000 in unnecessary administrative fees"
  • "Consolidating balances at the point when you switch employers ensures that you avoid the temptation to cash out, and saves you money you would lose on fees (and future earnings on compound interest) from multiple accounts. In addition, if all of your retirement savings balances are in your current employer's plan, then you can rest assured that your assets will not be unilaterally rolled over or cashed out (and you don't have to be bothered with calls to multiple plan record-keepers if you move"
  • "Account consolidation benefits all parties in the retirement system—plan participants, sponsors, record-keepers and other service providers. More plan sponsors are promoting and facilitating roll-ins of accounts as a cost-effective way to improve plan performance metrics, as well as retirement outcomes for participants. As this trend gains further momentum, the benefits become more obvious to the industry"
  • "We are proud to have helped so many retirement plan sponsors and participants achieve better long-term outcomes. We look forward to enabling more employers and employees around the country to experience the benefits of automated retirement savings portability and account consolidation"

Attendees

Tiburon is pleased to announce that the following 219 Tiburon clients attended Tiburon CEO Summit XXX:

  • Chip Roame (Managing Partner, Tiburon Strategic Advisors)
  • Cooper Abbott (Co-Chief Operating Officer, Eagle Asset Management)
  • Mike Abelson (Executive Vice President, Corporate Development, AssetMark)
  • Luis Aguilar (Commissioner, Securities & Exchange Commission)
  • Mike Alfred (CEO, BrightScope)
  • Ryan Alfred (President, BrightScope)
  • Peter Algert (CEO, Algert Global)
  • Mike Apker (Executive Vice President, Advisor Suite, Envestnet)
  • Daniel Applegarth (Chief Financial Officer, NorthStar Financial Services Group)
  • Rob Arnott (Chairman, Research Affiliates)
  • Anil Arora (CEO, Yodlee)
  • Bob Bachman (Executive Vice President, Relationship Management, Fidelity Investments Institutional Services Company)
  • Dave Barton (CEO, Mercer Advisors)
  • Jon Baum (Executive Chairman, NorthStar Financial Services Group)
  • Noreen Beaman (CEO, Brinker Capital)
  • Steven Begleiter (Managing Director, New York Office, Flexpoint Ford)
  • Jud Bergman (CEO, Envestnet)
  • Brad Bernstein (Partner, FTV Capital)
  • Marty Bicknell (CEO, Mariner Holdings)
  • Arthur Bierer (Chief Technology Officer, Vestorly)
  • Scott Billups (Chief Financial Officer, FTJ FundChoice)
  • John Blood (CEO, Efficient Advisors)
  • Joe Bottazzi (Executive Vice President, Business Development, Edelman Financial Services)
  • Josh Brown (CEO, Ritholtz Wealth Management)
  • Matt Brown (CEO, CAIS Group)
  • Brad Burgess (Chief Technical Officer, Orion Advisor Services)
  • Roy Burns (Managing Director, TA Associates)
  • Dewey Bushaw (Executive Vice President, Retirement Solutions Division, Pacific Life Insurance Company)
  • Eric Byunn (Managing Partner, Centana Growth Partners)
  • Ryan Caldwell (CEO, MX Technologies)
  • David Canter (Executive Vice President, Practice Management & Consulting, Fidelity Institutional Wealth Services)
  • Rene Chaze (Chief Operating Officer, Edelman Financial Services)
  • Peter Cieszko (Chief Client Officer, Americas, American Century Investments)
  • Roman Ciosek (Partner, HighTower Westchester)
  • Bernie Clark (Executive Vice President, Advisor Services, The Charles Schwab Corporation)
  • Eric Clarke (CEO, Orion Advisor Services)
  • Todd Clarke (CEO, CLS Investments)
  • Tim Clift (Chief Investment Strategist, Portfolio Management Consultants)
  • Colin Close (President, InvestCloud)
  • Alan Cohn (Co-President, Sage Financial Group)
  • Steve Condon (President, Truepoint Wealth Counsel)
  • David Conover (President, Wealth Management & Brokerage, EverBank Financial)
  • Dean Cook (President, FTJ Fund Choice)
  • Ron Cordes (Co-Chairman, AssetMark)
  • Scott Couto (President, Fidelity Financial Advisor Solutions)
  • John Coyne (Vice Chairman, Brinker Capital)
  • Bill Crager (President, Envestnet)
  • Ben Cukier (Managing Partner, Centana Growth Partners)
  • Bob Curtis (CEO, PIEtech)
  • Scott Curtis (President, Raymond James Financial Services)
  • Robert DeChellis (President, Allianz Life)
  • Tom Dempsey (Managing Director, Corsair Capital)
  • Stuart DePina (President, Envestnet Tamarac)
  • Rich Dion (Executive Vice President, Strategic Partnerships, Envestnet)
  • Will Dolan (Business Head, Fidelity ActionsXchange)
  • Morgan Downey (CEO, Money.Net)
  • Mike Durbin (President, Fidelity Wealth Technologies)
  • Ric Edelman (CEO, Edelman Financial Services)
  • Blake Estes (Counsel, Alston & Bird)
  • Ray Ferrara (CEO, ProVise Management Group)
  • Ed Finn (President, Barron’s)
  • Steve Finn (Chairman, Trust Company of America)
  • Chris Flint (CEO, Pro Equities)
  • Rob Foregger (Executive Vice President, NextCapital)
  • Liz Forget (CEO, MetLife Advisors)
  • Ed Forst (CEO, Lincoln Investment)
  • Cody Foster (Co-Founder, Advisors Excel)
  • Chris Frieden (Partner, Financial Services & Products, Alston & Bird)
  • Jon Frojen (Chief Financial Officer, United Capital Financial Partners)
  • Francois Gadenne (Chairman, Retirement Income Industry Association)
  • Mark Goldberg (President, Carey Financial)
  • Jeffrey Goldstein (Managing Director, Hellman & Friedman)
  • Craig Gordon (Business Head, Clearing, DST Market Services)
  • Sherrie Grabot (CEO, GuidedChoice)
  • Gail Graham (Chief Marketing Officer, United Capital Financial Partners)
  • Holly Greer (Chief Operating Officer, CNL Financial Group)
  • Scott Hanson (CEO, Hanson McClain)
  • Paul Hatch (Business Head, Advice & Solutions, UBS Wealth Management)
  • Karl Heckenberg (Executive Vice President, Lyons Capital Partners)
  • JoNell Hermanson (President, M Financial Wealth Management)
  • Bob Herrmann (Executive Vice President, Discovery Data)
  • Spencer Hoffman (Partner, Lovell Minnick Partners)
  • Anton Honikman (CEO, MyVest Corporation)
  • Bob Huebscher (CEO, Advisor Perspectives)
  • Dani Hughes (CEO, Divine Capital Markets)
  • Tina Hurley (Business Head, Product, Retail Wealth Management & Large Corporate Market, Voya Financial)
  • Peter Jantzen (Executive Vice President, Global Sales, Vestmark)
  • Ignacio Jayanti (Managing Partner, Corsair Capital)
  • Erik Jepson (Chief Customer Officer, Advisor Software)
  • Fred Jonske (CEO, M Financial Group)
  • Richard Joyner (CEO, Tolleson Private Wealth Management)
  • Roger Kafker (Managing Director, Asset Management, TA Associates)
  • Terri Kallsen (Executive Vice President, Investor Services, The Charles Schwab Corporation)
  • Kunal Kapoor (President, Morningstar)
  • Mark Katzelnick (Chief Operations Officer, Fidelity Institutional)
  • Charlie King (Chief Investment Officer, 1919 Investment Counsel)
  • James Kirk (Managing Principal, Asset Management, Corsair Capital)
  • Rob Klapprodt (President, Vestmark)
  • Aaron Klein (CEO, Riskalyze)
  • Mark Klein (CEO, Professional Capital Services)
  • Kevin Knull (President, MoneyGuidePro)
  • Deirdre Koerick (Chief Compliance Officer, Lincoln Investment Planning)
  • Michael Kopelman (Partner, Edison Venture Fund)
  • Jon Korngold (Managing Director, Portfolio Management, General Atlantic)
  • Charlie Kroll (President, Ellevest)
  • Randy Lambert (President, Orion Advisor Services)
  • Mike LaMena (President, HighTower)
  • Stephen Langlois (Business Head, Strategic Business Development, Fidelity Wealth Technologies)
  • Eric Leathers (Partner, TPG Capital)
  • Phil Loughlin (Managing Director, Financial & Business Services Practice, Bain Capital Partners)
  • Jeff Lovell (CEO, Lovell Minnick Partners)
  • Bill Luby (Managing Partner, Seaport Capital)
  • John Lunny (CEO, Vestmark)
  • Don MacDonald (Chief Marketing Officer, MX Technologies)
  • Joe Mallen (Chief Investment Officer, Sawtooth Solutions)
  • Joel Mandelbaum (CEO, Asset International)
  • Barbara March (CEO, BridgePoint Group)
  • Roddy Marino (Executive Vice President, National Accounts & Distribution, Brinker Capital)
  • John Mauldin (Chairman, Mauldin Economics)
  • Brendan McConnell (Chief Operating Officer, Brinker Capital)
  • Phil McDowell (Chief Financial Officer, Fidelity Investments Canada)
  • Sean McShea (President, Ryan Labs Asset Management)
  • Neil Menard (President, CNL Securities)
  • Erik Merkau (President, Scottrade Investment Management)
  • Bill Meyer (CEO, Retiree)
  • John Michel (CEO, CircleBlack)
  • Trisha Miller (Co-President, Carey Financial)
  • Jim Minnick (President, Lovell Minnick Partners)
  • Sanjiv Mirchandani (President, Fidelity Clearing & Custody)
  • Steven Miyao (President, Kasina)
  • Blake Mohr (CEO, Capitas Financial)
  • Viggy Mokkarala (Executive Vice President, Strategic Development, Envestnet)
  • Randy Moore (Co-Chairman, Mergers & Acquisitions Practice, Alston & Bird)
  • Joe Mrak (CEO, FolioDynamix)
  • Cheryl Nash (President, Fiserv Investment Services)
  • Michael Nathanson (CEO, The Colony Group)
  • Nicole Newlin (President, Efficient Advisors)
  • Brian Nielsen (CEO, Northern Lights Distributors)
  • Roger Ochs (CEO, HD Vest Financial Services)
  • Harry O’Mealia (CEO, 1919 Investment Counsel)
  • Ed Orazem (President, Fidelity Family Office Services)
  • Josh Pace (CEO, Trust Company of America)
  • Ray Padrón (Managing Partner, Brightworth)
  • Ralph Pahlmeyer (Chief Product Officer, Vestorly)
  • Mike Papedis (Executive Vice President, National Business Development, HighTower)
  • Michael Parker (Chief Development Officer, Enterprise Development, HighTower)
  • Bill Parsons (Chief Customer Officer, Yodlee)
  • Heeren Pathak (Chief Technology Officer, Vestmark)
  • Deval Patrick (Managing Director, Bain Capital Partners)
  • Jim Patrick (Executive Vice President, Advisor Managed Programs, Envestnet)
  • Matt Patsky (CEO, Trillium Asset Management)
  • George Peebles (Partner, True Potential)
  • Don Phillips (Managing Director, Morningstar)
  • John Phillips (Executive Vice President, Strategic & Global Sales, National Financial Services)
  • Alex Potts (CEO, Loring Ward Group)
  • Jeff Powell (Chairman, CivicHealth)
  • Brad Pries (CEO, Sawtooth Solutions)
  • Kevin Rafferty (CEO, Vertical Management Systems)
  • George Riedel (Business Head, Financial Institutions, US Investment Services, Third-Party Distribution, T. Rowe Price Group)
  • Chris Riggio (Chief Revenue Officer, BrightScope)
  • Marianne Rivera (Associate Publisher, Wealth Management.Com)
  • Tony Rochte (President, SelectCo Division, Fidelity Asset Management)
  • Diane Rogala (Associate Publisher, Financial Advisor Magazine)
  • Andrew Rogers (CEO, Gemini Fund Services)
  • Jeremy Ross (Executive Vice President, Enterprise Sales, BrightScope)
  • Lincoln Ross (Executive Vice President, Advisory Services, Envestnet)
  • Gary Roth (Executive Vice President, United Capital Financial Partners)
  • Larry Roth (CEO, Cetera Financial Group)
  • Tricia Rothschild (Business Head, Global Advisor & Wealth Management Solutions, Morningstar)
  • Andrew Rudd (CEO, Advisor Software)
  • Charlie Ruffel (Co-CEO, Kudu Investment Management)
  • Tony Salewski (Managing Director, Genstar Capital)
  • Jeff Saut (Chief Investment Strategist, Raymond James & Associates)
  • Jeremy Schein (Managing Director, Corsair Capital)
  • Brett Schlemovitz (Chief Strategy Officer, CNL Financial Group)
  • Mike Schott (Publisher, Financial Planning & Bank Investment Consultant, SourceMedia)
  • Tim Shannon (President, CAIS Group)
  • Sanjay Sharma (Chief Risk Officer, Global Arbitrage & Trading, RBC Capital Markets)
  • Sterling Shea (Business Head, Advisory Programs, Barron’s)
  • Aamir Sheikh (Managing Partner, Echelon Capital Strategies)
  • Greg Shell (Managing Director, Bain Capital)
  • Nick Sheumack (Partner, Berkshire Capital Securities)
  • Clara Shih (CEO, Hearsay Social)
  • Tirdad Shojaie (Chief Product & Strategy Officer, Fiserv Investment Services)
  • Andy Sieg (Business Head, Global Wealth & Retirement Solutions, Bank of America Merrill Lynch)
  • Tom Sittema (CEO, CNL Financial Group)
  • Babu Sivadasan (President, Envestnet Retirement Solutions, Envestnet)
  • David Smith (Founding Publisher, Financial Advisor & Private Wealth Magazines)
  • Kate Starr (Chief Investment Officer, Flat World Partners)
  • Noel Stave (Chief Operating Officer, RBC Correspondent & Advisor Services)
  • Jon Stern (Partner, Berkshire Capital Securities)
  • Bob Stewart (CEO, InvestEdge)
  • Michael Stier (CEO, Adhesion Wealth Advisor Solutions)
  • Brian Stimpfl (Business Head, Scottrade Advisor Services)
  • Charlie Stroller (CEO, Charter Financial Publishing Network)
  • Hal Strong (Operating Partner, Genstar Capital)
  • John Stuart (Chief Marketing Officer, InvestCloud)
  • Scott Stuart (Managing Partner, Sageview Capital)
  • Steve Swain (Managing Partner, Centana Growth Partners)
  • John Sweeney (Executive Vice President, Retirement & Investing Strategies, Fidelity Investments)
  • Bob Tamashunas (Partner, Seaport Capital)
  • Brett Thorne (Business Head, RBC Correspondent & Advisor Services)
  • Allen Thorpe (Managing Director, Hellman & Friedman)
  • Oleg Tishkevich (Chief Technology Officer, Financial Planning, Envestnet)
  • Frank Trotter (Executive Vice President, EverBank)
  • Andrew Tsai (Managing Principal, Chalkstream Capital Group)
  • Bill Van Law (President, Investment Advisors Division, Raymond James Financial)
  • Laura Varas (Principal, Hearts & Wallets)
  • Cheryl Vohland (Chief Strategy Officer, Mariner Holdings)
  • Bob Ward (Chief Revenue Officer, Vertical Management Systems)
  • Anna-Marie Wascher (CEO, Flat World Partners)
  • Gib Watson (Vice Chairman, Envestnet PMC)
  • Dave Welling (Business Head, Advisory Business, Advent Software)
  • Stephen Wells (Partner, The Solaris Group)
  • Craig Wietz (President, First Rate)
  • John Wise (CEO, InvestCloud)
  • Justin Wisz (CEO, Vestorly)
  • Natalie Wolfsen (Chief Commercialization Officer, AssetMark)
  • Mike Zebrowski (Chief Operating Officer, eMoney Advisor)

Prior Tiburon CEO Summits

As noted above, details on prior Tiburon CEO Summits are also available here:

Most Recent, 2014-2015, 2012-2013, 2010-2011,