February 3, 2017

Tiburon Research Call:
Break-Away Brokers

The next Tiburon Research Call will be on of the most prevalant topics in the financial services industry: Break-Away Brokers. It well be held Thursday, February 9, 2017 at 10:00am PT. All employees from Tiburon CEO Summit sponsors and Tiburon members are invited to join this call with Managing Partner Chip Roame. This is only one of over 40 Tiburon Research Calls set for this year. To see the full Tiburon Research Schedule, click here.

If you are an employee at a Tiburon CEO Summit sponsor or Tiburon member and would like to listen, please email Lupita Uribe to RSVP. If you are an employee at a firm that is not yet a Tiburon CEO Summit sponsor or Tiburon member and would like to obtain access to Tiburon Research Calls, please email Sarah Sage.


Tiburon CEO Summit XXXII Will Feature
Over 40 CEO Speakers

Attendees of upcoming Tiburon CEO Summit XXXII (April 3-5, 2017, at the Ritz Carlton Hotel in New York) will enjoy over 40 speakers discussing the industry's hottest topics. Along with Tiburon's Managing Partner Chip Roame, Tiburon CEO Summit XXXII will include speakers Jack Bogle (Founder, The Vanguard Group), Don Phillips (Managing Director, Morningstar), Noreen Beaman (CEO, Brinker Capital), John Bunch (President, Financial Engines Advisors), Roy Burns (Managing Director, TA Associates), Rich Cancro (CEO, AdvisorEngine), John Clendening (CEO, Blucora), Lisa Dolly (CEO, Pershing), Tom Dorsey (CEO, Dorsey, Wright, & Asociates), Ric Edelman (Executive Chairman, Edelman Financial Services), John Gabbert (CEO, Pitchbook Data), Charles Goldman (CEO, AssetMark), Matt Harris (Managing Director, Bain Capital Ventures), Tim Harrison (CEO, Harrison Financial Services), Jon Korngold (Managing Director, General Atlantic), Eric Leathers (Partner, TPG Capital), Dennis Lockhart (President, Federal Reserve Bank of Atlanta), David Musto (President, Great-West Investments), Shirl Penney (CEO, Dynasty Financial Partners), Larry Raffone (CEO, Financial Engines), & Elliot Weissbluth (CEO, HighTower).

If you are a C-level executive at a Tiburon CEO Summit sponsor or Tiburon member and would like to participate in Tiburon CEO Summit XXXII, please email Tiburon's Managing Partner Chip Roame. If you are a C-level executive at a firm that is not yet a Tiburon CEO Summit sponsor or Tiburon member and interested, please email Sarah Sage.


Skip & Chip's Excellent Adventure 6.0:
Kauai, July 9-13, 2017

Tiburon Managing Partner Chip Roame and Tiburon client Skip Schweiss (President, TD Ameritrade Trust Company) will co-lead the annual Skip & Chip’s Excellent Adventure July 9-13th, 2017 to Kauai. On July 9th the group will hike the Kalalau Trail in-and-out for a total of 22 miles. On July 11th the group will kayak the seventeen miles along the Napali Coast. This will be the sixth in the series, in which participants have reached the tops of Mount Whitney & Mount Shasta, traversed the Grand Canyon, summited Half Dome in Yosemite, and completed the Four Pass Loop outside of Aspen, CO. The annual outing combines a challenging outdoor adventure with a fun weekend together. For more information, please email Skip Schweiss.


Tiburon Written Research:

Break-Away Brokers:
The (Overstated) Trend of Captive Investment & Insurance Advisors Going Independent

Tiburon Strategic Advisors is pleased to highlight its research on Break-Away Brokers. The purpose of this research is to provide readers with an understanding of the (overstated) break-away brokers trend. Break-away brokers are generally defined as captive (employee) financial advisors from the wirehouses, regional brokerage firms, investment banks, private banks, retail banks, insurance companies, & even discount brokerage firms that choose to go indepedent, repositioning their businesses as independent advisors (independent reps and/or fee-based financial advisors (RIAs)). That said, industry data is extremely sloppy, with many sources confusing data for financial advisor teams, financial advisors, & registered assistants, other sources including financial advisors nudged out by their former employers due to low productivity (broken away brokers), and almost all sources including captive advisors that simply move to other captive models and independent advisors that move to other independent models. Hence, the goal of this research is to accurately measure the narrowly defined break-away brokers trend of successful financial advisors moving from captive to independent models. This research leads to critical conclusions for Tiburon's coverage of financial advisor channels, full-service brokerage firms, insurance agents, and independent advisors. This research addresses the historical phases of the break-away brokers trend, including: Emergence Phase; Mis-Reporting Phase; & Accuracy Phase. This research addresses the reported movement size and the sources of financial advisor teams and financial advisors changing firms. This research then re-sizes the break-away brokers trend to only count successful financial advisors who move from captive to independent models, utilizing three overlapping yardsticks, including Financial Advisor Teams & Financial Advisors Changing Firms; Successful Financial Advisor Teams & Financial Advisors Changing Firms; & Successful Break-Away Brokers. And this research makes predictions, including Continuing Moderate Size Trend of Financial Advisor Teams & Financial Advisors Changing Firms; Insurance Companies & Independent Broker/Dealers to Rival Wirehouses as Leading Sources of Financial Advisor Teams & Financial Advisors Changing Firms; Continuing Relatively Small Trends of Successful Financial Advisor Teams & Financial Advisors Changing Firms; Captive-to-Captive and Independent-to-Independent Movement Trends to Remain Larger than Break-Away Brokers Trend; Moderate Growth in the Relatively Small Break-Away Brokers Trend; Financial Advisor Aggregators to Continue to Capture Largest Break-Away Brokers; & Continuing Extremely Small Boomerang Trend.

If you are an employee at a Tiburon CEO Summit sponsor or Tiburon member and need your username & password, please email Lupita Uribe. If you are an employee at a firm that is not yet a Tiburon CEO Summit sponsor or Tiburon member and would like to obtain access to Tiburon Written Research, please email Sarah Sage.


Tiburon Written Research:

Royal Bank of Canada:
The Largest of Canada's Big Five Banks

Tiburon Strategic Advisors is pleased to highlight its research on Royal Bank of Canada. Royal Bank of Canada was founded as Merchants Bank of Halifax in 1864. The company is based in Montreal, Quebec, operates in 40 countries, has 80,000 employees, 18.0 million clients, $651.6 billion deposits, $448.3 billion loans, generates $27.9 billion revenues, and earns $5.4 billion. Royal Bank of Canada is a public company traded on the Toronto Stock Exchange & New York Stock Exchange under the symbol RY and is led by its CEO Dave McKay. Royal Bank of Canada's comprehensive Power Point deck below includes a synopsis of its history, including its key phases: Merchants Bank of Halifax & The Merchants Bank Phase; Royal Bank of Canada Canadian Acquisitions Phase; Business Expansion Acquisitions Phase; & US Acquisitions Phase. Its profile includes the key statistics of the firm, including its number of countries, employees, clients, accounts, deposits, loans, revenues, & net profits. Its profile includes detailed outlines of its core businesses, including Canadian Banking; International Banking; City National Corporation; Wealth Management; Capital Markets; & Insurance. And its profile concludes with the highlights of its organizational structure & ownership.

If you are an employee at a Tiburon CEO Summit sponsor or Tiburon member and need your username & password, please email Lupita Uribe. If you are an employee at a firm that is not yet a Tiburon CEO Summit sponsor or Tiburon member and would like to obtain access to Tiburon Written Research, please email Sarah Sage.


Recent Tiburon Research Calls

All employees at Tiburon CEO Summit sponsors & Tiburon members have access to Tiburon Research Calls led bi-weekly by Tiburon Managing Partner Chip Roame. To listen to recent calls, click the link below for your topic of interest, and enter your Tiburon username & password:

If you are an employee at a Tiburon CEO Summit sponsor or Tiburon member and need your username & password, please email Lupita Uribe. If you are an employee at a firm that is not yet a Tiburon CEO Summit sponsor or Tiburon member and would like to obtain access, please email Sarah Sage.


Recently Posted Tiburon Written Research

All employees at Tiburon CEO Summit sponsors & Tiburon members have access to Tiburon's Written Research library of 1,900+ topics and profiles. To access Tiburon's Written Research, click the link below for your topic of interest, and enter your Tiburon username & password:

Topics

Profiles

If you are an employee at a Tiburon CEO Summit sponsor or Tiburon member and need your username & password, please email Lupita Uribe. If you are an employee at a firm that is not yet a Tiburon CEO Summit sponsor or Tiburon member and would like to obtain access to Tiburon Written Research, please email Sarah Sage.


Tiburon Serving Others Adventure 1.0:
Ethiopia, January 15-18, 2017

Tiburon Managing Partner Chip Roame and several long-time Tiburon clients embarked on the first ever Tiburon Serving Others Adventure in Ethiopia on January 15-18, 2017 to connect first world finance with developing world needs. While on the Tiburon Serving Others Adventure, the group spent a couple of days on-site at an Ethiopian school, as well as in Addis Ababa.
Tiburon Serving Others Adventure 1.0 was led by Tiburon Managing Partner Chip Roame, and Tiburon clients Centana Growth Partners Managing Partner, Ben Cukier, Riskalyze CEO Aaron Klein, & Hanson McClain Co-CEO Scott Hanson. If you are interested in taking part in future trips, please email Aaron Klein.


Tiburon CEO Summit Sponsorship

Due to the incredible demand from a large number of its executive-level clients to attend the Tiburon CEO Summits, Tiburon now holds the Tiburon CEO Summits at the Ritz Carlton Hotels in New York, NY & San Francisco, CA. Several Tiburon clients, including Tiburon clients Advent Software, AdvisorEngine, Advisor Software, Allianz, AssetMark, Axa Advisors, Bachrach & Associates, BrightScope, Brinker Capital, Centana Growth Partners, Charles Schwab, Discovery Data, DST Market Services, Envestnet, Fidelity Investments, First Rate, Fiserv, FP Transitions, FTJ FundChoice, FTV Capital, Genstar Capital, inStream Solutions, InvestCloud, Lovell Minnick Partners, Lyons Capital Partners, MoneyGuidePro, MyVest Corporation, Orion Advisor Services, RBC Correspondent Services, Riskalyze, Scottrade, Swan Global Investments, TA Associates, Trust Company of America, Vertical Management Systems, & Vestmark are offering financial support for Tiburon CEO Summit XXXII. Tiburon is grateful for this assistance.