April 7, 2017

Tiburon Research Call:
Index Investing

Tiburon and its Managing Partner Chip Roame are pleased to announce the next Tiburon Research Call will be on Index Investing. It will be held Thursday, April 13, 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 Calls 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 XXXIII:
October 9-11, 2017 in San Francisco, CA

Attendees of upcoming Tiburon CEO Summit XXXIII October 9-11, 2017, at the Ritz Carlton Hotel in San Francisco, CA will enjoy over 40 speakers discussing the industry's hottest topics. Along with Tiburon's Managing Partner Chip Roame, Tiburon CEO Summit XXXIII will include speakers Joe Mansueto (Executive Chairman, Morningstar), Mark Beeston (Founding Partner, Illuminate Financial Management), Buck Buckley (CEO, Actua Corporation), Eric Cantor (Vice Chairman, Moelis & Company), Colin Close (President, InvestCloud), Bob Guillocheau (CEO, Ascensus), Tif Joyce (President, Joyce Financial Management), Kunal Kapoor (CEO, Morningstar), Aaron Klein (CEO, Riskalyze), Vincenzo LaRuffa (Partner, Aquiline Capital Partners), Alex Rampell (Partner, Andreessen Horowitz), Dave Ryan (President, California, Upton Financial Group), Schwark Satyavolu (Partner, Trinity Ventures), Babu Sivadasan (President, Envestnet Retirement Solutions), & Ken Weise (CEO, Sonoma County Wealth Advisors).

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 XXXIII, 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.


Thank You Tiburon CEO Summit XXXII Sponsors, Speakers, & Attendees!

Tiburon was pleased to host over 200 C-Level Executives at Tiburon CEO Summit XXXII at the Ritz Carlton Hotel in New York, NY. It included over 40 CEO speakers, multiple fireside chats, and two keynote presentations by Tiburon Managing Partner Chip Roame. Thank you to all sponsors, speakers, & attendees who contributed to the success of Tiburon CEO Summit XXXII.


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:

Index Investing:
Exchange Traded Funds (ETFs), Index Mutual Funds, & Indexed Separate Accounts

Tiburon Strategic Advisors is pleased to highlight its research on Index Investing. The purpose of this research is to provide readers with a comprehensive understanding of the index investing market, including exchange traded funds (ETFs), index mutual funds, & indexed separate accounts. The index investing market is growing rapidly, driven by many factors. BlackRock, The Vanguard Group, & State Street Global Advisors dominate the market. Other firms including Invesco PowerShares, WisdomTree, Guggenheim Investment Partners, & ProShares are developing alternative products. Still other firms including The Charles Schwab Corporation, PIMCO, & Fidelity Investments are challenging the leaders. This research summarizes the highlights of Tiburon's underlying research on exchange traded funds (ETFs), index mutual funds, & indexed separate accounts. This research fits within Tiburon's wealth management series, which includes a wide variety of trending topics. This research starts by highlighting the index investing trend versus that of active investing, including: Companies by Investment Type; Products by Investment Type; Assets Under Management by Investment Type; Net Flows by Investment Type; Revenues by Investment Type; & Net Profits by Investment Type. This research then summarizes the key drivers behind the rapid growth in index investing, including Modern Portfolio Theory & Asset Allocation; Difficulty in Beating Market Returns; Lower Expense Ratios; & Better Tax Efficiency. This research addresses the four historical phases of the index investing market, including Indexed Separate Accounts Emergence Phase; Index Mutual Funds Emergence Phase; Exchange Traded Funds (ETFs) Emergence Phase; & Exchange Traded Funds (ETFs) Dominance Phase. This research defines three product markets, including Exchange Traded Funds (ETFs); Index Mutual Funds; & Indexed Separate Accounts. And this research makes the following future predictions for the index investing business, including Substantial Growth in Index Investing; Substantial Growth in Factor Investing; Substantial Growth in Smart Beta Products; Moderate Growth in Leveraged & Inverse Funds; Reemergence of Personalized Indexing; Increased Focus on Cost in Actively Managed Products Market; Growth in Actively Managed Concentrated Managers; Substantial Venture Capital Investments in Indexing Market; & Active Mergers & Acquisitions Market in Indexing Market.

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:

Edelman Financial Services:
A Leading Fee-Based Financial Advisory
Firm with a Growing National Presence

Tiburon Strategic Advisors is pleased to highlight its research on Edelman Financial Services. Edelman Financial Services was founded by Ric & Jean Edelman in 1987 and is based in Fairfax, VA. The firm has 552 employees, 30,440 clients, 63,400 accounts, $16.8 billion assets under management & administration, and is led by its Executive Chairman Ric Edelman, CEO Ryan Parker, President Ed Moore, & Chief Operating Officer Rene Chaze. Edelman Financial Services comprehensive Power Point deck below includes a synopsis of its history, including its key phases: Independent Phase; Sanders Morris Harris Group Phase; Lee Equity Partners Phase; & Hellman & Friedman Phase. Its profile includes the key statistics of the firm, including its number of employees, clients, average client assets under management & administration, accounts, new accounts, lost accounts, net new accounts, average account size, assets under management & administration, assets under management & administration per employee, assets under management & administration per financial advisor, assets under management, assets under administration, new client inflows, existing client inflows, inflows, outflows, cancellation, net flows, market appreication, net new assets under management & administration, revenues, advisory revenues, interest & dividends, other revenues, variable expenses, commissions & planner payouts, clearing & other variable expenses, variable expenses as share of revenues, gross profits, gross margin, SG&A expenses, SG&A expenses as a share of revenues, compensation, bonus earnout, communications & data processing, advertisting fees, occupancy fees (excluding depreciation), professional fees, legal fees & other settlements, other general & administrative costs, EBITDA, EBITDA margin, interest, depreciation, amortization, intangible impairment, pre-tax income, taxes, and net profits (continuing operations). Its profile includes detailed outlines of its core businesses, including Retail Business (Financial Planning, Investment Management (EMAP), Insurance (HWG Insurance Agency)); Edelman Financial Network (TAMP); Retirement Plans; Edelman Online; & Institutional. 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 Impact 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 Impact Adventure in Ethiopia on January 15-18, 2017 to connect first world finance with developing world needs. While on the Tiburon Impact Adventure, the group spent a couple of days on-site at an Ethiopian school, as well as in Addis Ababa.
Tiburon Impact Adventure 1.0 was led by Tiburon Managing Partner Chip Roame, and Tiburon clients Centana Growth Partners Managing Partner Ben Cukier, Hanson McClain Co-CEO Scott Hanson, & Riskalyze CEO Aaron Klein. If you are interested in learning more about Tiburon Impact Adventure 1.0, please email Aaron Klein.

Tiburon will be announcing Tiburon Impact Adventure 2.0 soon. If you are interested in taking part in future trips, please email Scott Hanson.


Tiburon Membership Program

At the suggestion of numerous Tiburon clients, Tiburon created a member service allowing unlimited access to all Tiburon Written Research for all of a firm's employees for an entire calendar year for only $25,000. Tiburon added the Tiburon Research Call & Tiburon CEO Summits, and now refers to these as Tiburon membership. This service has helped dozens of Tiburon clients to consolidate their research needs & budgets. Tiburon Written Research allows Tiburon clients to utilize the Tiburon research library web page as their personal industry knowledge library across all of their employees. Tiburon's written research currently includes 1,900+ topics. Tiburon's research strategy is to ultimately write and continuously refine research offerings covering every substantial financial services industry market segment (and prominent firm) so that the research can then serve as a comprehensive library of financial services data, analysis, & opinions for Tiburon members. Tiburon attempts to publish research on at least ten additional topics each week. Many are simply updates but all lead the firm closer to its goal of comprehensive research.