September 8, 2017

Tiburon Research Call:
Consumer Wealth & Baby Boomers:
September 14, 2017

Tiburon is pleased to announce that the next Tiburon Research Call will be on Consumer Wealth & Baby Boomers. It will be held Thursday, September 14, 2017 at 10:00am PT. All employees from Tiburon CEO Summit sponsors and Tiburon members, as well as media representatives who cover Tiburon Research, are invited to join this call with Tiburon Managing Partner Chip Roame. This is one of over 40 Tiburon Research Calls set for this year. To see the full Tiburon Research Calls calendar, please click here.

If you are an employee at a Tiburon CEO Summit sponsor or Tiburon member and would like to listen to this call, 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 become a Tiburon client to obtain access to Tiburon Research Calls, please email Sarah Sage.


Prior Tiburon Research Call:
Financial Services Industry Investment Opportunities: August 31, 2017

Tiburon is pleased to provide Tiburon CEO Summit sponsor and Tiburon member employees that missed last week's Tiburon Research Call on Financial Services Industry Investment Opportunities with access to the recording on the Tiburon web site by clicking the link below and loging in with one's username & password.

If you are an employee at a Tiburon CEO Summit sponsor or Tiburon member and need your username & password to access this Tiburon Research Call, 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 become a Tiburon client to obtain access to Tiburon Research Calls, please email Sarah Sage.


Tiburon CEO Summit XXXIII:
Over 40 CEO-Level Speakers,
October 9-11, 2017

Tiburon CEO Summit XXXIII (October 9-11, 2017 in San Francisco, CA) attendees will enjoy over 40 CEO-level 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), Cooper Abbott (President, Carillon Tower Advisors), Blaine Aikin (Executive Chairman, fi360), Mark Beeston (Founding Partner, Illuminate Financial Management), Ed Beggs (CEO, Laser App Software), Vivina Berla (Co-Managing Partner, Sarona Asset Management), Phyllis Borzi (Former Assistant Secretary, Employee Benefits Security Administration, Labor Department, United States of America), Justin Brownhill (Managing Partner, SenaHill Partners), Dave Butler (Co-CEO, Dimensional Fund Advisors), Eric Cantor (Vice Chairman, Moelis & Company), Colin Close (President, InvestCloud), Margo Cook (President, Nuveen Advisory Services), Walter Cruttenden (Co-Founder, Acorns), Robert DeChellis (Chairman, Insured Retirement Institute (IRI)), Colin Falls (President, GeoWealth Management), Tim Freundlich (President, ImpactAssets), Nick Good (Co-Business Head, SPDR Business, State Street Global Advisors), Bob Guillocheau (CEO, Ascensus), Tif Joyce (President, Joyce Financial Management), Kunal Kapoor (CEO, Morningstar), Rick Lacaille (Global Chief Investment Officer, State Street Global Advisors), Vincenzo LaRuffa (Partner, Aquiline Capital Partners), Liz Michaels (CEO, ESG & SRI, Aperio Group), Ed O'Brien (CEO, eMoney Advisor), Stuart Parker (CEO, PGIM Investments), Alex Rampell (Partner, Andreessen Horowitz), Simon Roy (President, Jemstep), Brendan Ryan (Co-Business Head, Technology & Services Investment Banking, Raymond James Financial), Dave Ryan (President, California, Upton Financial Group), Schwark Satyavolu (Partner, Trinity Ventures), Drew Sievers (CEO, Trizic), Babu Sivadasan (President, Envestnet Retirement Solutions), Jason Thomas (CEO, Savos Investments), Bill Van Law (President, Investment Advisors Division, Raymond James Financial), Ken Weise (CEO, Sonoma County Wealth Advisors), & Kim Wright-Violich (Managing Partner, Tideline).

If you are a CEO, other C-level executive, executive vice president, or partner 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 CEO, other C-level executive, executive vice president, or partner at a firm that is not yet a Tiburon CEO Summit sponsor or Tiburon member and interested in becoming a Tiburon client to attend Tiburon CEO Summit XXXIII, please email Sarah Sage.


Tiburon Impact Adventure 2.0:
Mexico, January 27-28, 2018

Tiburon Managing Partner Chip Roame and Tiburon clients Scott Hanson (Co-CEO, Hanson McClain) & Craig Wietz (President, First Rate) will lead Tiburon Impact Adventure 2.0 to build houses in San Antonio Del Mar, Mexico on January 27-28, 2018. The group will partner with an organization that has been building homes for the homeless in Mexico for over twenty years, which believes that in two days, you can make a lifetime impact for a family. For more information, please email Craig Wietz (President, First Rate).

Tiburon Impact Adventure 1.0 was led by Tiburon Managing Partner Chip Roame and Tiburon clients Ben Cukier (Managing Partner, Centana Growth Partners), Scott Hanson (Co-CEO, Hanson McClain), & Aaron Klein (CEO, Riskalyze) in Ethiopia on January 15-18, 2017. 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 raised over $100,000 for the construction of a fifth through eighth grade classroom building in the village of Adami Tulu, and the group hopes to complete fundraising & start construction in 2018. To learn about the results of Tiburon Impact Adventure 1.0, please email Aaron Klein (CEO, Riskalyze).

Tiburon Impact Adventures are intended to connect first world finance with developing world needs. If you are interested in the Tiburon Impact Adventures generally, would like to propose a future Tiburon Impact Adventure, and/or in wish to inquire about taking part in future Tiburon Impact Adventures, please email Scott Hanson (Co-CEO, Hanson McClain).


Skip & Chip's Excellent Adventure 7.0:
South Central Alaska, August 5-9, 2018

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 on August 5-9, 2018 to South Central Alaska. On the surrounding days, the group will kayak & mountain bike in Alyeska, the Lost Lake Trail, & Seward, Alaska. For more information, please email Skip Schweiss (President, TD Ameritrade Trust Company).

Skip & Chip's Execellent Adventure 6.0 was co-led by Tiburon Managing Partner Chip Roame and Tiburon client Skip Schweiss (President, TD Ameritrade Trust Company) on July 9-13, 2017 in Kauai. While on Skip & Chip's Excellent Adventure 6.0, the group hiked the Kalalau Trail in-and-out for a total of 22 miles & kayaked the seventeen miles along the Napali Coast. To view the Skip & Chip's Excellent Adventure 6.0 photo gallery, please click here. To read Skip Schweiss's article reviewing Skip & Chip's Excellent Adventure 6.0 at RIA Biz, please click here. To learn about the results of Skip & Chip's Excellent Adventure 6.0, please email Alex Potts (CEO, Loring Ward Group).

Skip & Chip's Excellent Adventure 7.0 will be the seventh in the series of adventures, in which participants have reached the tops of Mount Whitney & Mount Shasta, traversed the Grand Canyon, summited Half Dome in Yosemite, and completed both the Kalalau Trail in Kauai & the Four Pass Loop outside of Aspen, CO. The annual outing combines a challenging outdoor adventure with a fun weekend together. If you are interested in the Skip & Chip's Excellent Adventures generally, would like to propose a future Excellent Adventure, and/or would like to inquire about taking part in a future Excellent Adventure, please email Skip Schweiss (President, TD Ameritrade Trust Company).


Tiburon Written Research:

Consumer Wealth Facts & Figures
(Federal Reserve Flow of Funds):
Analyzing the ≈$100 Trillion of Consumer Assets & ≈$80 Trillion of Consumer Net Worth

Tiburon is pleased to highlight its research on Consumer Wealth Facts & Figures (Federal Reserve Flow of Funds). The purpose of this research is to provide readers with a comprehensive understanding of the vast amount of consumer wealth, as reported in the quarterly Federal Reserve flow-of-funds report, including investable assets, financial assets, personal assets, household liabilities, & net worth. This research is a component of Tiburon's research on consumer wealth.

This research starts with the historical account of the evolution of consumer wealth, including these three phases: emergence phase; wealth building phase; & maturation phase.

This research highlights key data from the Federal Reserve's flow-of-funds report, including investable assets; financial assets; household assets; household liabilities; & household net worth.

The research concludes with two predictions for consumer wealth, including increased consumer savings rate & Baby Boomers liquidations.

If you are an employee at a Tiburon CEO Summit sponsor or Tiburon member and need your username & password to access Tiburon's Written Research, 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 become a Tiburon client 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 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 544 employees, 34,314 clients, 63,400 accounts, $18.7 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 appreciation, 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 to access Tiburon Written Research, 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 become a Tiburon client to obtain access to Tiburon Written Research, please email Sarah Sage.


Recent Tiburon Research Calls

Tiburon is pleased to provide all employees at Tiburon CEO Summit sponsors & Tiburon members with access to Tiburon Research Calls led weekly or bi-weekly by Tiburon Managing Partner Chip Roame. To listen to recent Tiburon Research 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 to listen to recent Tiburon Research Calls, 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 become a Tiburon client to obtain access to Tiburon Research Calls, please email Sarah Sage.


Recently Posted Tiburon Written Research

Tiburon is pleased to provide all employees at Tiburon CEO Summit sponsors & Tiburon members with access to Tiburon's Written Research library of 1,900+ topics and profiles. To access Tiburon 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 to access Tiburon Written Research, 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 become a Tiburon client to obtain access to Tiburon Written Research, please email Sarah Sage.


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 Calls & 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. If you are interested in becoming a Tiburon member, please email Sarah Sage.


Tiburon Media Coverage

Tiburon was quoted recently in Financial Planning's "Mapping the explosive growth of RIAs" article. The article said, "New RIA registrations each year have more than doubled since the start of the millennium." The article quotes Tiburon suggesting that the additional increase in multi-state RIA filings includes firms trying to build a nationwide presence as well as the growing number of robo advisors.

Tiburon executives have been quoted quite extensively throughout the industry and general media. A list and brief synopsis of those articles that the Tiburon staff has been able to locate (Tiburon accepts that there are probably hundreds of other quotes circulating) can be found at the link below. These short summaries are intended to help prospective Tiburon clients, conference planners, and media representatives understand Tiburon's views on a wide variety of issues throughout the financial services industry. If you are a media representative interested in covering Tiburon, please email Sarah Sage