What Covid Taught Us About The Future Of Financial Advice
On the third anniversary of the start of the Covid-19 pandemic, I'm reflecting on how our world has changed and what that means for the future of financial advice. Article mentions the key trends for financial advisors mentioned in Tiburon Managing Partner Chip Roame's keynote presentation at Tiburon CEO Summit XLIII in Chicago, IL.

While Financial Firms Put "A Lot of Energy" Toward Diversity, Results Mixed
Two employment trends are running concurrently in financial services: intense competition for talent and an industry-wide push for diversity. Article summarizes recent Tiburon Webinar on wealth & investment management staffing & compensation strategies.

Who Will Become The Amazon Of Financial Advice?
I've thought a lot about which firm might emerge as the first Amazon in financial services - a company willing to break from the past, make a big bet on the future, invest billions in transforming outdated infrastructure, and put historic levels of digital and human capital behind elevating the customer experience and financial outcomes. Article mentions the key highlights from Tiburon Managing Partner Chip Roame's keynote presentation at Tiburon CEO Summit XLIII in Chicago, IL.

Investors Have Learned The Hard Way: Don't Rely On The Market
For years I have felt like that traveler who races ahead of the tour group, spins around, and thinks, "Why can't you all hurry up?" Article summarizes the key highlights from Tiburon CEO Summit XLIII in Chicago, IL.

Week in Preview, November 7 - November 13
Today, the Tiburon Strategic Advisors team will kick off the Tiburon CEO Summit XLIII. The three-day event is being held at the Four Seasons Hotel Chicago. Article mentions Tiburon's semi-annual Tiburon CEO Summit beginning in Chicago, IL.

Fidelity Investments' Plan to Hire 12,000 by October Hit Wall of Macro-Headwinds; No Problem, it Landed at 15,000; Schwab Keeps Hiring, Too
The Boston giant's people grab could be derailed by indigestion -- the inability to assimilate staff -- an analyst says; but it has yet to materialize so the hiring spree rolls on. Article quotes Tiburon saying that Fidelity is in three of the broader industry's growth engines and is using an innovative way to win in the industry's war for talent.

Mark Casady is Under the Gun to Spend his SPAC's $200 Million of Cash to Avoid October Deadline but a Recent SEC Filing Sounds an Ominous Note after CEO Departs
Lefteris reports that Jon Isaacson is taking over as CEO from Karl Roessner, the 'natural choice' to make a deal, according to Casady, though it's down to a few weeks. Article mentions Tiburon Managing Partner Chip Roame is an independent director of Lefteris Acquisition Corporation.

TAMPs Race to Build Comprehensive Wealth Management Platforms
After years of consolidation, the platforms that solve the puzzle could win future advisers and their assets. The ones that don't may find themselves acquired. Article summarizes recent Tiburon Research on FA Product TAMPs & Platform TAMPs,

Chuck Schwab Reveals Part B, Doubling-Down on Walt Bettinger by Making him Co-Chair, a Day After Part A - Wagering $15 Billion From the Schwab Corporate Treasury on the CEO's Future Leadership
The 84 year-old founder's elevation of his 61-year-old protege may foretell bigger fireworks from Rick Wurster who recently took over many of Bettinger's CEO duties. Article quotes Tiburon saying that recent moves are a natural transition and puts Walt Bettinger in the driver's seat to build Schwab for the next decade assisted by Rick Wurster.

Halo Investing Adds Founder & Managing Partner of Tiburon Strategic Advisors and Tiburon CEO Summits To Advisory Board
Charles Roame joins the distinguished team of advisors for the award-winning technology platform. Article summarizes Tiburon managing partner appointment to the advisory board of Halo Investing.

Allspring Global Selects Three as Independent Directors
Allspring Global Investments, formerly the asset management unit of Wells Fargo spun off in November 2021, has appointed three independent directors - Nora Jordan, Kay Madati, and Charles (Chip) Roame - to complete its 11-member board. Article summarizes Tiburon managing partner appointment to board of Allspring Global Investments.

Direct Indexing Is Hot, Here's What It's Not
Investors are susceptible to "shiny object syndrome." They have been for years, from the 1980s, when various mutual funds and tax shelters took turns disappointing investors through the tech bubble and on to crypto. Article quotes Tiburon saying that tax planning is the new alpha in financial services.

Fidelity's Strategy to Own the Financial Advice Business by Owning 'a Crazy Lot of People' is Heading for 28,000 Hires in Two Years
Hiring 16,600 people last year just whetted the $11-trillion Boston company's appetite to make 12,000 more hires in a play to be a category killer in finance. Article quotes Tiburon saying that Fidelity has been growing net new assets at a high rate over the past year.

The Charles Schwab Corporation Files SEC Paperwork to Make Good on Rick Wurster Push for Investor Revolution in Mass Customization - with 40 Basis Points of Monetization
The Westlake, Texas broker-dealer and custodian of $8.5 trillion of AUA will cannibalize its own products and third-party partners but with eyes on a new value proposition. Article quotes Tiburon saying that Schwab has a long track record of being willing to cannibalize its own business.

Tiburon Founder Chip Roame Joins DPL Financial Partners Board
Industry titan brings decades of leadership experience and extensive industry connections to commission-free insurance platform for fee-based financial advisors (RIAs). Article summarizes Tiburon managing partner appointment to board of DPL Financial Partners.

Vinovest Opens Diversified Wine Fund to Advisors
Financial advisors and their clients can get access to fine wine through Vinovest's actively managed fund or through bespoke strategies customized around time horizons or ESG preferences. Article quotes Tiburon saying that wine provides both superior returns to the markets and a level of diversification.