Tiburon CEO Summits

Tiburon has held 33 prior CEO Summits, with the first CEO Summit taking place in 2001. Details of the upcoming Tiburon CEO Summit XXXIII 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 XXXIII: October 9-11, 2017

Tiburon CEO Summit XXXIII was held October 9-11, 2017 at the Ritz Carlton Hotel in San Francisco, CA. Tiburon CEO Summit XXXIII officially started at 7:45am on Tuesday, October 10, 2017, included a group dinner that night, and finished at 1:00pm on Wednesday, October 11, 2017. 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, speakers included Joe Mansueto (Executive Chairman, Morningstar), Cooper Abbott (President, Carillon Tower Advisors), Blaine Aikin (Executive Chairman, fi360), Anil Arora (CEO, Envestnet Yodlee), Mark Beeston (Founding Partner, Illuminate Financial Management), Vivina Berla (Co-Managing Partner, Sarona Asset Management), Phyllis Borzi (Former Assistant Secretary, Employee Benefits Security Administration, Labor Department, United States of America), Dave Butler (Co-CEO, Dimensional Fund Advisors), Margo Cook (President, Nuveen Advisory Services), Walter Cruttenden (Co-Founder, Acorns), Robert DeChellis (Chairman, Insured Retirement Institute (IRI)), Stuart DePina (President, Envestnet Tamarac), Colin Falls (President, GeoWealth Management), Rob Foregger (Co-Founder, NextCapital Group), Tim Freundlich (President, ImpactAssets), Nick Good (Co-Business Head, SPDR Business, State Street Global Advisors), Bob Guillocheau (CEO, Ascensus), Jan Hier-King (Co-Founder, Bicycle Financial), Tif Joyce (Partner, Sonoma County Wealth Advisors), 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), Joe Mrak (CEO, FolioDynamix), Ed O'Brien (CEO, eMoney Advisor), Bob Oros (CEO, HD Vest Financial Services), Stuart Parker (CEO, PGIM Investments, Prudential Financial), Alex Rampell (Partner, Andreessen Horowitz), Simon Roy (CEO, Jemstep), Dave Ryan (President, California, Upton Financial Group), Schwark Satyavolu (Partner, Trinity Ventures), Drew Sievers (CEO, Trizic), Babu Sivadasan (President, Envestnet Retirement Solutions), Laurel Taylor (CEO, FutureFuel.IO), Jason Thomas (CEO, Savos Investments), Bill Van Law (President, Investment Advisors Division, Raymond James Financial), Ken Weise (CEO, Sonoma County Wealth Advisors), Dave Welling (CEO, Mercer Advisors), & Kim Wright-Violich (Managing Partner, Tideline).

Keynote Presentations

Tiburon CEO Summit XXXIII featured two keynote presentations by Tiburon Managing Partner Chip Roame regarding the state of the financial services industry. These presentations served as the backdrop and overview of the entire Tiburon CEO Summit. 

 




 

 



Tiburon CEO Summit XXXIII
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 content of its Tiburon CEO Summit XXXIII keynote presentations. Chip Roame (Managing Partner, Tiburon Strategic Advisors) gave a day #1 presentation broadly addressing the state of the financial services industry, with a specific focus on the growing wealth management market. He also gave a day #2 presentation addressing strategic activity within the industry.

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.

Mr. Roame has responsibility for all of Tiburon's consulting, research, & marketing activities which keeps him on the leading-edge of strategic initiatives in the industry's fastest growing businesses -- exchange traded funds, hedge funds & other alternative investments, bitcoin & blockchain, 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 regulatory issues such as the fiduciary standard, and in financial services industry venture capital & private equity opportunities and mergers & acquisitions transactions. At Tiburon, Mr. Roame has led over 1,900 client engagements for over 450 corporate clients since 1998.

Mr. Roame has won numerous awards throughout the private equity, investment banking, 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 of Envestnet (NYSE: ENV), as a board member of Edelman Financial Services (Ric Edelman’s business backed by Hellman & Friedman), 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).

Tiburon Managing Partner Chip Roame gave two keynote presentations at Tiburon CEO Summit XXXIII.

Tiburon CEO Summit XXXIII Day #1 Keynote Presentation Overview

The objectives of the Tiburon CEO Summit Day #1 Keynote Presentation were to anchor Tiburon CEO Summit discussion on consumers; to offer a broad view of the wealth management industry; set a discussion agenda for Tiburon CEO Summit XXXIII (framing the dozens of “three big points"), & to introduce 40+ speakers. The basis of the Tiburon CEO Summit XXXIII Keynote Presentation is industry developments (“the news”), recent Tiburon & third-party research findings, the Tiburon CEO Summit XXXII attendee content survey, & Tiburon CEO Summit XXXIII guest speaker presentations (and prior presentations).

The Future of Wealth Management: The Top Eight Industry Trends & the Top Five Potential Disruptors

The theme for the Tiburon CEO Summit Day #1 Keynote Presentation at Tiburon CEO Summit XXXIII is the top ten industry trends & the top five potential disruptors. The top trends are the following:

1. Consumers & Their Money

Consumer households have $39.6 trillion investable assets, $61.3 trillion financial assets, $100.3 trillion total assets, and $85.6 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 $60.7 trillion in retirement plans, personal assets, & small businesses.

2. Discount Brokerage Firms

Discount brokerage firms changed the transaction pricing & value proposition; now underappreciated full-service financial advisors. Both the retail & financial advisor support models at both Fidelity Investments & The Charles Schwab Corporation are now amongst the leading financial advisor channels with assets under administration ranging from $1,107 billion to $1,522 billion. The wirehouse channel leads the financial advisor channels in average financial advisor assets under administration with $124.7 billion. Discount brokerage closely follows it with $110.1 billion in assets under administration.

3. Indexing & Exchange Traded Funds

Indexing & Exchange traded funds have changed the investment management pricing & value proposition. In 2015 investors pulled $207 billion out of actively managed funds & invested $414 billion into passive funds. In 2016 only fixed income mutual funds have positive net flows amongst actively managed mutual funds, with US equity funds in their third straight negative net flows years. Actively managed mutual funds have been losing share of assets under management to index mutual funds & exchange traded funds. Exchange traded funds have gathered $2.4 trillion assets under management, up from $1.0 billion in 1993. The Vanguard group had the largest inflows with $236.1 billion. PIMCO had the largest outflow with -$86.9 billion.

4. Robo Advisors

There are at least 51 online advice firms, up from 30 in 2009. All online advice firms have gathered $245.9 billion assets under management, up from $16.0 billion in 2007. Online advice firms' assets under management are dominated by the defined contribution focused firms. The leading online firms are the defined contribution plan focused firms & the large discount brokerage firms & mutual funds companies with Financial Engines leading with $114.5 billion assets under management. Tiburon CEO Summit attendees have become fare more aware of the online advice models when asked to name the most impressive.

5. Independent Advisors

Tiburon CEO Summit attendees continue to believe the role of financial advisors is gaining value to clients, although this view is declining. Tiburon CEO Summit attendees increasingly think the number of financial advisors will decrease or at best remain steady over the next five years. Tiburon CEO Summit attendees continue to say that the number of independent advisors will grow the fastest over the next five years.

6. Break-Away Brokers

Successful financial advisor teams that move an average of $344 million assets under administration in 2015 have remained relatively consistent since 2010. Successful financial advisor teams & financial advisors that moved in 2015 took $142 billion assets under administration, up from $77 billion in 2010. Tiburon CEO Summit attendees continue to believe that the break-away brokers trend will grow hugely or at least moderately over the next five years.

7. Hedge Funds & Liquid Alternatives

Hedge funds have gathered $2.7 trillion assets under management, up from $1.3 trillion in the first quarter of 2009, but down from its peak of $2.9 trillion in the second quarter of 2015. Hudge funds has $20 billion net outflows in 2015, and it is gaining speed.

8. Socially Responsible Investing & Impact Investing

Socially responsible investing & impact investing is a big wildcard in the top ten industry trends and may be driven by women & millenials. Socially responsible investing & impact investing strategies have gathered $6.6 trillion assets under management, up from $200 billion in 1995. Europe has the highest proportion of share managed assets (59%) devoted to sustainable investments. There are 69% of millennial investors are interested in environmental, social, & governance issues, up from 19% of nonmillennial investors.

The Top Five Potential Disruptors

The top five potential disruptors are as follows:

1. Fiduciary Standard

The fiduciary standard changes everything & the biggest winners may be managed accounts, ETFs, Robo Advisors, & Define Contribution plan providers. Some claim that hundreds of billions of dollars in individual retirement accounts (IRAs) may be orphaned. Front-end commission A-shares have gathered $1.9 trillion assets under management, up from $0.8 trillion in 2000. Mutual Funds' 12b-1 fees are $13.2 billion, up from $10.0 billion in 2000, but down from their peak of $13.4 billion in 2007. Most predict that products like variable annuities will see declines in usage. Tiburon CEO summit attendees believe that a uniform fiduciary standard will not be implemented for retail advice in 2016-2017.

2. Interest Rates

The impact interest rates have on the future of wealth management is huge & may be hiding many emerging trends. Global private banks' gross margin is 95 basis points, down from 116 points in 2007 & its peak of 126 basis points in 2008. Life insurance companies average investment portfolio yield is 4.4%, down from 7.0% in 2000.

3. 2016 Elections

The 2016 elections are a poor choice & it does matter. The election affects fed policy by including Dodd Frank, CFPB, Capital gains tax rates, estate tax rates, carried interest provision, SCOTUS, & more.

4. Potential Disruptor #4

The fourth potential disruptor is....

5. Potential Disruptors #5

The fifth potential disruptor is....

Tiburon's Conclusions on The Future of Wealth Management

The trend is your friend with the rapidly growing market: Historically terrific economics will be challenged (bet on transparency). Remember that closest to client almost always eventually wins.

Tiburon CEO Summit XXXIII Day #2 Keynote Presentation Overview

Tiburon Managing Partner Chip Roame's day #2 keynote presentation is intended to address strategic activity in the wealth management industry, including venture capital, private equity, and mergers & acquisitions.

Financial Services Industry Profitability & Valuations

Life insurance companies average investment portfolio yield is 4.4%, down from 7.0% in 2000. Fee-based financial advisors' operating income margin is 28.2%, up from 22.2% in 2010. BlackRock & Janus Capital group have positive stock appreciation in 2016, BlackRock leading with 9.5%.

Financial Services Industry Venture Capital & Minority Growth Equity Investments

Venture capital funds invested $59.0 billion, up from $15.0 billion in 1997 but down from its peak of $105.0 in 2000. Venture capitalists invested $10.5 billion in financial technology firms in 2015, up from $1.4 billion in 2010. SoFi has raised the most venture capital amongst financial services firms, with $1.2 billion. Betterment Holdings, Personal Capital Corporation, & Wealthfront have raised the most venture capital amongst the online advice firms. Tiburon CEO Summit attendees increasingly believe that venture capital's bet on online financial advice will see only moderate growth or stagnate. Tiburon CEO Summit attendees increasingly say that Bitcoins will catch on.

Financial Services Industry Public Offerings

There were 130 initial public offerings in 2015, down from 580 in 1995 & its peak of 840 in 1996. Technology companies accounted for 15% of initial public offerings in 2015, down from 35% in 1995 & its peak of 72% in 1999.

Financial Services Industry Mergers & Acquisitions

Amundi & DE Shaw have the largest investment management firm areas with $1.2 & $1.1 trillion respectively. Tiburon CEO Summit attendees increasingly say that financial services firm merger & acquisition activity will stagnate or grow moderately. Tiburon CEO Summit attendees say that financial technology firm consolidation activity will increase in 2016-2017. There were 84 fee-based financial advisor merger & acquisitions, up from thirteen 1999. Tiburon CEO Summit attendees said that United Capital Financial, Edelman Financial Services, & HighTower have the best chance at building nationwide financial advisor business.

Financial Services Industry Activists Campaigns

Activist hedge funds have gathered $125 billion assets under management, up from $10 billion in 2003. Activist hedge funds have $6.0 billion net flows, up from $2.0 billion in 2004, but down from their peak of $14.0 billion in 2014. Activist hedge funds pursued 355 campaigns, up from 253 in 2008.

Tiburon Conclusions on FSI Strategic Activity

Tiburon's conclusions on FSI strategic activity include profitability to increase; valuations to increase; venture capital & minority growth equity investments to increase; initial public offerings & secondary offerings to stagnate; mergers & acquisition activity to increase led by investment management firms & financial advisors; & activism to increase.

Speakers

Along with Tiburon's Managing Partner Chip Roame, Tiburon CEO Summit XXXIII included speakers Joe Mansueto (Executive Chairman, Morningstar), Cooper Abbott (President, Carillon Tower Advisors), Blaine Aikin (Executive Chairman, fi360), Anil Arora (CEO, Envestnet Yodlee), Mark Beeston (Founding Partner, Illuminate Financial Management), Vivina Berla (Co-Managing Partner, Sarona Asset Management), Phyllis Borzi (Former Assistant Secretary, Employee Benefits Security Administration, Labor Department, United States of America), Dave Butler (Co-CEO, Dimensional Fund Advisors), Margo Cook (President, Nuveen Advisory Services), Walter Cruttenden (Co-Founder, Acorns), Robert DeChellis (Chairman, Insured Retirement Institute (IRI)), Stuart DePina (President, Envestnet Tamarac), Colin Falls (President, GeoWealth Management), Rob Foregger (Co-Founder, NextCapital Group), Tim Freundlich (President, ImpactAssets), Nick Good (Co-Business Head, SPDR Business, State Street Global Advisors), Bob Guillocheau (CEO, Ascensus), Jan Hier-King (Co-Founder, Bicycle Financial), Tif Joyce (Partner, Sonoma County Wealth Advisors), 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), Joe Mrak (CEO, FolioDynamix), Ed O'Brien (CEO, eMoney Advisor), Bob Oros (CEO, HD Vest Financial Services), Stuart Parker (CEO, PGIM Investments, Prudential Financial), Alex Rampell (Partner, Andreessen Horowitz), Simon Roy (CEO, Jemstep), Dave Ryan (President, California, Upton Financial Group), Schwark Satyavolu (Partner, Trinity Ventures), Drew Sievers (CEO, Trizic), Babu Sivadasan (President, Envestnet Retirement Solutions), Laurel Taylor (CEO, FutureFuel.IO), Jason Thomas (CEO, Savos Investments), Bill Van Law (President, Investment Advisors Division, Raymond James Financial), Ken Weise (CEO, Sonoma County Wealth Advisors), Dave Welling (CEO, Mercer Advisors), & Kim Wright-Violich (Managing Partner, Tideline).

Joe Mansueto
(Executive Chairman, Morningstar)

 

 

Tiburon CEO Summit XXXIII
Prior Award Recipient
Joe Mansueto
(Executive Chairman, Morningstar)


 

 

 

 

 

 

 

Joe Mansueto is the chairman & CEO of Morningstar. He founded the company in 1984. Mr. Mansueto received the 2007 Skip Viragh Award, sponsored by Rydex Investments & Financial Advisor magazine, which recognizes new & innovative services that positively impact the financial advisor community. Mr. Mansueto also received the 2007 Visionary Award and was one of ten winners of the 2007 Chicago Innovation Award, sponsored by the Chicago Sun-Times and Kuczmarski & Associates. In 2007, Smart Money magazine recognized Mr. Mansueto in the Smart Money Power 30, its annual list of the top 30 most powerful forces in business & finance. He received the Distinguished Entrepreneurial Alumnus Award from the University of Chicago Graduate School of Business in 2000. He received the KPMG Peat Marwick High Tech Entrepreneur of the Year Award in 1993 and won the Rosenthal Award for Excellence in Investment Research from the University of Chicago in 1992. Before founding Morningstar, Mr. Mansueto was a securities analyst at Harris Associates.

Mr. Mansueto’s recent comments have included:

  • "I started Morningstar because I love investing and wanted to build something around my passion. I did not know how to build a company; I have learned how to grow a company in the last thirty years and learned those professional management skills along the way. My vision was to build a big, enduring company. I was well aware of what happens to most entrepreneurs."
  • "The real enjoyment is the incremental. I get tremendous pleasure from watching our methodology improve."
  • "In the early days, we all answered the phone. We became very close to our clients. I really liked those days but I kind of like our position better today."
  • "Good advice is effective in helping someone reach their goal, making sure it is appropriated in terms of risk level and appetite."
  • "Good advice can be delivered online. The really exciting thing is that millions more people will be served."

Dave Butler
(Co-CEO, Dimensional Fund Advisors)

 

 

Tiburon CEO Summit XXXIII
Speaker
Dave Butler
(Co-CEO, Dimensional Fund Advisors)


 

 

 

 

 

 

 

Dave Butler is Co-CEO of Dimensional Fund Advisors. Mr. Butler joined Dimensional in 1995 and brings more than 20 years of experience working with financial advisors. Mr. Butler leads a worldwide team of regional directors and client services professionals who apply Dimensional’s strategies and resources to help advisors provide investors with an outstanding client experience. Mr. Butler is on the firm’s Executive Committee and has been involved with firm-wide strategic vision and decision making for many years.

Mr. Butler’s recent comments have included:

  • "Peace of mind may be attributed to many aspects of an advisor relationship, and in our view it is an outcome of advisors helping investors feel prepared by setting the right expectations."
  • "Returns matter, but having a plan and remaining disciplined are just as important for long-term investment success."
  • "Achieving returns in a way that enables people to relax just a little bit more is very important to us and also to investors."
  • "When investors work with an adviser who has a holistic understanding of their personal situation and can help them stay focused on their long-term goals, we believe they are better positioned to benefit from what the capital markets have to offer."
  • "Naturally, many investors have fears about what is likely their most important financial goal - saving for retirement. By helping clients understand what they can and cannot control, advisors can create a different experience to help ease their concerns."

Tif Joyce
(Partner, Sonoma County Wealth Advisors)

 

 

Tiburon CEO Summit XXXIII
Speaker
Tif Joyce
(Partner, Sonoma County Wealth Advisors)


 

 

 

 

 

 

 

Tif Joyce is Partner of Sonoma County Wealth Advisors and former President of Joyce Financial Management. Mr. Joyce Tif has been a certified financial planner for more than 27 years. His comprehensive approach to planning and investing ensures that each client’s unique needs will be carefully heard and addressed. He has long been a fierce advocate for the informed financial consumer, and has dedicated his career to educating and guiding the underserved “mass affluent” investor.

Mr. Joyce’s recent comments have included:

  • "While we do have some wealthy people, mostly we have regular folks who did everything the hard way and were patient."
  • "We needed to embrace the tools of the modern age and I wasn’t getting it done."
  • "You never want to surprise anybody."
  • "The important thing is, you can’t spend it all. You need to save enough of that income so that you’re independent, because you never know when it’s going to stop entirely."

Kunal Kapoor
(CEO, Morningstar)

 

 

Tiburon CEO Summit XXXIII
Speaker
Kunal Kapoor
(CEO, Morningstar)


 

 

 

 

 

 

 

Kunal Kapoor, CEO of Morningstar, is 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, a registered investment advisor and wholly owned subsidiary of Morningstar, 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 versus low cost of passive."
  • "From my perspective, technology is enabling the adviser to have a closer relationship with the clients that advisers should be spending the most time with. Tech provides a huge opportunity for companies like Morningstar to demonstrate value."
  • "One of the areas in the world that we see as having the biggest opportunities is in the U.S. As good as the opportunities are overseas, they are just as good here. It is not a matter of one over the other."
  • "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."

Dave Ryan
(President, California, Upton Financial Group)

 

 

Tiburon CEO Summit XXXIII
Speaker
Dave Ryan
(President, California, Upton Financial Group)


 

 

 

 

 

 

 

Dave Ryan is President of California at Upton Financial Group. Mr. Ryan has more than 25 years of experience in the Mergers & Acquisitions industry. Mr. Ryan has initiated and completed a wide range of mergers, acquisitions, sales and financings for an extensive range of clients. Mr. Ryan’s previous experience as a practicing Certified Public Accountant, Certified Valuation Analyst, and investor has proven to be an ideal background to work with buyers, sellers, and their representatives in structuring and completing transactions.

Mr. Ryan’s recent comments have included:

  • "Many business owners wait years to sell their businesses until the market is healthy enough to command a good price. We’re in one of those markets now."
  • "If you’re carrying paper or you’ve got something contingent, you’re making an investment in the guy who is buying your practice. You better have the ability to say something and be part of it."
  • "The higher the offer you get, the more likely it is to include requirements that lower your chances of getting paid in full. And often, higher prices come with tax consequences that can leave you reeling like you got hit on the open field by Clay Matthews."
  • "Buyers often try to negotiate conditions into the deal you must meet to get paid in full...Think very hard about whether you can realistically do what they’re asking before you bet your final payment on it."
  • " If you’re selling to a big company or a private equity firm, they probably will ask you to stay on board for two years or more—and no matter what they say about autonomy, you won’t be the boss anymore."

Ken Weise
(CEO, Sonoma County Wealth Advisors)

 

 

Tiburon CEO Summit XXXIII
Speaker
Ken Weise
(CEO, Sonoma County Wealth Advisors)


 

 

 

 

 

 

 

Ken Weise is CEO of Sonoma County Wealth Advisors. Mr. Weise has been a financial advisor since 2001. In order to better serve his clients, he earned the Accredited Asset Management Specialist designation from the College of Financial Planning. Prior to his current role, Mr. Weise served as a Financial Advisor at Weise Financial Services and Edward Jones & Company.

Mr. Weise’s recent comments have included:

  • "I wasn’t chomping at the bit. Tif had a much bigger practice. It was a little scary. But I drilled a little deeper… The value I could bring was very good and the personality fit was right."
  • "The fact that the practice was so fee-based, versus transaction-oriented, gave me a comfort that what I was buying should be fairly reliable."
  • "It seems like a big hurdle to buy a business, but it’s not bad if you baby-step your way through it."
  • "Saving for retirement may seem a thankless task. But you may be thanking yourself later. Putting away a percentage of one’s income, money that could be used for any number of bills or luxuries, is a sacrifice made in the present to avoid a larger trouble down the road."
  • "Insurance matters more in retirement planning than you may think. It is seldom “top of mind” in retirement planning conversations, but the right coverage could help you maintain some financial equilibrium in the face of sudden money pressures."

Cooper Abbott
(President, Carillon Tower Advisors)

 

 

Tiburon CEO Summit XXXIII
Speaker
Cooper Abbott
(President, Carillon Tower Advisors)


 

 

 

 

 

 

 

Cooper Abbott is President of Carillon Tower Advisors. Mr. Abbott is also the President of Eagle Asset Management. Mr. Abbott joined the firm in 2003 and has extensive investment industry experience. Mr. Abbot previously served as a vice president at Raymond James Financial and at Deutsche Bank.

Mr. Abbott’s recent comments have included:

  • "The addition of these well-recognized franchises [Scout Investments] to our multi-boutique model is a natural extension of our long-term growth strategy."
  • "Carillon Tower Advisers allows teams to concentrate on their primary goal of investing and ... allows us to provide scalable business support solutions to a growing ecosystem of distinct and talented investment teams."
  • "This approach frees teams to focus on their investment process with limited distraction, as experienced professionals provide operational, back-office, infrastructure, distribution and other important business functions."
  • "Solution-based approaches are evolving and becoming a more integral component of investor portfolios."
  • "We are pleased to be able to offer proven investment strategies that reflect Eagle's historical philosophy of delivering superior risk-adjusted returns."

Blaine Aikin
(Executive Chairman, fi360)

 

 

Tiburon CEO Summit XXXIII
Speaker
Blaine Aikin
(Executive Chairman, fi360)


 

 

 

 

 

 

 

Blaine Aikin is the Chief Executive Officer of fi360. Mr. Aikin received his Master of Public Management and Policy degree from the Heinz School of Carnegie-Mellon University. Upon graduation from CMU, he was selected for the prestigious Presidential Management Intern Program which involved management assignments in the United States Department of Treasury and the United States Senate. He subsequently served as Budget Officer for Prince William County, Virginia. Mr. Aikin previously served as a principal and Chief Investment Officer of Allegiance Financial Advisors.

Mr. Aikin’s recent comments have included:

  • "The transition to greater transparency and objectivity in financial services is undeniable."
  • "As the regulatory environment changes and more investors demand fiduciary oversight, the need for highly skilled and educated professionals has skyrocketed."
  • "It's fine to call out the importance of the fiduciary standard but the divisive type of rhetoric we often use ultimately is not helpful."
  • "You can have real ranges in terms of degree of complexity of the participant’s situation that extend beyond what you see if you’re just looking at the plan assets."
  • "As advisers may find it necessary to place greater emphasis on managing longevity risks for clients, it behooves them to better understand the problem."

Anil Arora
(CEO, Yodlee)

 

 

Tiburon CEO Summit XXXIII
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 financial technology 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:

  • "Our third quarter results were highlighted by subscription revenue growth of 28% and adjusted EBITDA growth of 83%, which resulted in record margins. Yodlee continues to grow driven by continued success powering the digital transformation of some of the world's leading financial institutions including banks, wealth managers and Internet innovators."
  • "Financial institutions have craved the ability to accelerate innovation with both internal and external developers, but have never had a safe and effective way to do so....We are pleased to finally meet those needs with a revolutionary new approach that we believe will fundamentally change the paradigm for bank innovation and agility."
  • "The addition of new customers in wealth management underscores the positive response Yodlee customers have had to the news that Yodlee reached a definitive agreement to merge with Envestnet Inc., a leading provider of unified wealth management technology and services to financial advisors during the third quarter."
  • "As a group, we fully support the creation of an Open API framework to enable financial innovation and improve the financial health of consumers."
  • "There is an enormous transformation going on in financial services, and we are going to accelerate that."

Mark Beeston
(Founding Partner, Illuminate Financial Management)

 

 

Tiburon CEO Summit XXXIII
Speaker
Mark Beeston
(Founding Partner, Illuminate Financial Management)


 

 

 

 

 

 

 

Mark Beeston is Managing Partner at Illuminate Financial. Mr. Beeston began his career in derivatives trading at Deutsche Bank, where he eventually serviced as Chief Operating Officer for both the Global Rates and Global Credit businesses. Mr. Beeston later launched and ran T-Zero (now ICELink), a subsidiary of Creditex Group, before joining ICAP as CEO for the Post Trade Risk and Information business.

 

Mr. Beeston’s recent comments have included:

  • "This moment is the big bang for our generation of bankers and fund managers."
  • "We live in this world that is an incredibly fertile innovation landscape. The problem is that you can’t adopt without the validation stage."
  • "This industry can ignore cool technology forever."
  • "CloudMargin's rapid expansion and growth has been very positive for our portfolio, and the company is well positioned for exponential growth with the renewed focus on collateral management across the industry. The team, the product, the client influx and the revenue growth all made it an easy decision to further our own investment in the company."
  • "Any uncertainty around deadlines or indeed outright implementation can only serve to confuse the end user and hence have a slowing impact on adoption."

Vivina Berla
(Co-Managing Partner, Sarona Asset Management)

 

 

Tiburon CEO Summit XXXIII
Speaker
Vivina Berla
(Co-Managing Partner, Sarona Asset Management)


 

 

 

 

 

 

 

Vivina Berla is Co-Managing Partner at Sarona Asset Management. Ms. Berla joined Sarona Asset Management in 2011 to lead the growth and evolution of the firm into the institutional market. Prior to that Ms. Berla worked for 20 years in the institutional investment world, of which 11 years included private equity in the United States and Europe. Ms. Berla held senior positions during 10 years at Merrill Lynch Investment Managers in London and left her role as Managing Director of Alternative Investments to join Gartmore Investment Management as Head of EMEA in 2004. Ms. Berla's first career included 11 years in the steel industry in Latin America, Asia, Africa and Middle East.

 

Ms. Berla’s recent comments have included:

  • "Private equity in frontier and emerging markets is a young but rapidly maturing industry and it displays characteristics similar to the US private equity industry of the 1980s — plenty of potential opportunities for investors who have an ‘information advantage’ to capture the growth of the ‘real’ economy."
  • "The investment opportunity is driven by four main factors — a rising middle class (increasing spending power and demand for locally produced goods and services); change in demographics (young and growing population with significant aspirations, energy and drive); increasing urbanisation (cities’ contribution to the national economy is growing at a faster pace than the country average); and returning expatriates (well-educated professionals driven by an entrepreneurial desire to make a difference in their respective countries while generating profits)."
  • "The key to attractive returns resides in the ability of investors to find managers who are able to source great deals, manage and improve companies before exiting them successfully."
  • "The equity risk premium of frontier markets is much higher and the required return should also be much higher due to the lack of liquidity and higher cost of entering a frontier market."
  • "During periods of extreme market stress, frontier markets’ relatively illiquid stock markets can suffer sharp declines in the face of heavy selling."

Phyllis Borzi
(Former Assistant Secretary, Employee Benefits Security Administration, Labor Department, United States of America)

 

 

Tiburon CEO Summit XXXIII
Speaker
Phyllis Borzi
(Former Assistant Secretary, Employee Benefits Security Administration, Labor Department, United States of America)


 

 

 

 

 

 

 

Phyllis Borzi is the former Assistant Secretary for Employee Benefits Security of the United States Labor Department. Previously, Ms. Borzi was a research professor at George Washington University Medical Center in the Department of Health Policy's School of Public Health and Health Services. In that position, Ms. Borzi was involved in research and policy analysis involving employee benefit plans, the uninsured, managed care, and legal barriers to the development of health information technology. In addition, Ms. Borzi was of counsel with the Washington, D.C. law firm of O'Donoghue & O'Donoghue LLP, specializing in ERISA and other legal issues affecting employee benefit plans, including pensions and retirement savings, health plans, and discrimination based on age or disability.

 

Ms. Borzi’s recent comments have included:

  • "Investment advisers shouldn’t be able to steer retirees, workers, small businesses, and others into investments that benefit the advisers at the expense of their clients. The consumer’s retirement security must come first."
  • "Opponents of the rule are going to find it extremely difficult to successfully delay or substantially dilute the rule."
  • "The only thing that appears to have changed is the occupant of the White House. If the administration decides to just flip this rule or make major changes in it, they will be sued. I don't think the courts are going to be looking favorably."
  • "I was always very vocal about making sure that the people who were in charge of implementing them balanced the protections — for the workers, the participants and the retirees — against costs."
  • "Whose side are you on?...Force people to answer that question. There’s only one possible answer."

Margo Cook
(President, Nuveen Advisory Services)

 

 

Tiburon CEO Summit XXXIII
Speaker
Margo Cook
(President, Nuveen Advisory Services)


 

 

 

 

 

 

 

Margo Cook is President of Nuveen Advisory Services. Ms. Cook is responsible for delivering Nuveen’s investment capabilities to clients globally, overseeing product, marketing and distribution. Ms. Cook also leads the firm’s strategy to deliver consultative, outcome-focused advice and investment solutions to clients worldwide. Prior to the integration of the TIAA and Nuveen Investments asset management organizations, Ms. Cook was Co-President of Nuveen Investments. Before joining Nuveen, Ms. Cook led the global institutional business at Bear Stearns Asset Management and also held various senior investment leadership roles within BNY Mellon for more than 20 years, including head of fixed income and Chief Investment Officer of institutional investments.

Ms. Cook’s recent comments have included:

  • "Investors need to solve for a diverse and growing list of challenges – income generation, diversification, longevity risk and retirement readiness, and matching assets with liabilities, among others – and our clients are asking us to be problem solvers and help them think and execute against their goals."
  • "At no other point in our firm’s development have we been as well positioned to draw upon the very best investment thinking, portfolio solutions, product management expertise, and client service resources from across the firm. By undertaking these proposals, we ensure our ability to continue to deliver the most innovative and relevant investment solutions to our clients."
  • "For more than 100 years, both Nuveen and the Chicago Cubs have been dedicated to serving the Chicagoland community, each in its own distinct and enduring way. We are delighted that every time Chicago-area residents and Cubs fans come together at Wrigley Field, they will see an unmistakable sign of that ongoing and shared commitment, one that exemplifies the idea of community."
  • "As more advisors seek to offer investment strategies and products that achieve specific goals, particularly income and principal-stability goals sought by retirees and near-retirees, we are excited about the opportunities Derek Sasveld can help bring to our clients."
  • "There’s a lot of value in the muni market today."

Walter Cruttenden
(Co-Founder, Acorns)

 

 

Tiburon CEO Summit XXXIII
Speaker
Walter Cruttenden
(Co-Founder, Acorns)


 

 

 

 

 

 

 

Walter Cruttenden is Co-Founder & Chairman of Acorns. Early in his career, Mr. Cruttenden founded and served as CEO of two well known investment banking and brokerage firms: Cruttenden Roth (now Roth Capital, active underwriters of emerging growth companies), and E*Offering, formerly the iBank arm of E*Trade Securities (since merged). As CEO, Mr. Cruttenden led both companies through rapid growth and significant liquidity events. Mr. Cruttenden also co-founded SRS Laboratories (since acquired by DTS), after buying the acoustic technology from Hughes, and developing it into an independent company. Mr. Cruttenden also founded one of the largest growth stock conferences in the US, now the Roth Conference.

Mr. Cruttenden's recent comments have included:

  • "We just want to enjoy our lives and change the world."
  • "There's roughly 100 million people that under save (or under invest). You can open an account at 18 but most people really don't get their act together until they're 30-something."
  • "There are 315,000 financial advisers out there. We're not trying to compete with them. We're trying to be the starter account, the farm school, the incubator."
  • "There's not a place to put in a stock symbol or a price or type of order. It just sweeps your money into this pre-constructed portfolio, and when you want it, you withdraw instantly."
  • "Investing is a powerful first step."

Robert DeChellis
(Chairman, Insured Retirement Institute (IRI))

 

 

Tiburon CEO Summit XXXIII
Speaker
Robert DeChellis
(Chairman, Insured Retirement Institute (IRI))


 

 

 

 

 

 

 

Robert DeChellis is Chairman of Insured Retirement Institute (IRI)). Mr. DeChellis is also President of Allianz Exchange and has more than 25 years of financial services experience. Prior to joining Allianz, Mr. DeChellis was executive vice president at the Travelers Companies Retail Annuities Division. He was responsible for expanding the company's retail annuity distribution network. Mr. DeChellis also was executive vice president and national sales manager for Jackson National Life Distributors. Before that, he managed sales for a broad range of product lines and distribution channels at Goldman Sachs. He was also a regional manager for Lord, Abbett, & company, a pension consultant with Transamerica, and an account manager for Aetna.

Mr. DeChellis’ recent comments have included:

  • "We must continue to broaden and deepen our affinity with financial advisors. This will require us to shift our focus to supporting a more holistic retirement planning process."
  • "IRI's mission and goals align well with those of Allianz. This alignment will create greater awareness of the importance of financial planning and driving global collaborative efforts."
  • "We're in a pretty tenuous spot right now as it relates to timing."
  • "Price is important in the absence of value."
  • "You can't serve a client if you don't know the details and the intimacy of their personal situation."

Stuart DePina
(President, Envestnet Tamarac)

 

 

Tiburon CEO Summit XXXIII
Speaker
Stuart DePina
(President, Envestnet Tamarac)


 

 

 

 

 

 

 

Stuart DePina is President of Envestnet Tamarac. Mr. DePina manages the long-term growth strategy of Tamarac. His balanced leadership is rooted in deep financial experience and the belief that a solid organization is built on customer focus, commitment and thoughtful business practices. Mr. DePina's professional history is distinguished by leadership roles in guiding firms through various stages of development including initial public offerings and acquisitions. Most recently, Mr. DePina served as CEO for Who's Calling, a web-based application that uniquely measured online and traditional direct marketing performance, where he succeeded in doubling the company's revenue base and drove profitability. He served as president and CEO of xSides Corporation, a developer of trusted computing and digital rights management technology. He was chief financial officer for Ticketmaster Corporation, and a partner in the big four firm of KPMG, where he provided consulting and assurance services to a number of clients in the firms' financial services practice.

Mr. DePina’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 widgets that are part of the portal that advisers leverage for clients create more of a sticky relationship between the adviser and investor."
  • "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."
  • "As advisors and their clients are shifting their conversations from strictly performance to holistic financial planning, integrations that provide contextual linking help enable these important discussions."

Colin Falls
(President, GeoWealth Management)

 

 

Tiburon CEO Summit XXXIII
Speaker
Colin Falls
(President, GeoWealth Management)


 

 

 

 

 

 

 

Colin Falls is President of GeoWealth Management. As President, Mr. Falls primarily focuses on business strategy, organizational management, and platform product development. Prior to joining GeoWealth, Colin served in various roles at Frontier Wealth Management, a Kansas City based Registered Investment Advisor. He graduated from the University of Notre Dame’s Mendoza College of Business in 2007 with a B.A. in Management and Entrepreneurship.

Mr. Fall’s recent comments have included:

  • "Our clients are looking for access to top notch investment capabilities that can be easily accessed through our end-to-end advisor technology."
  • "J.P. Morgan’s technology-enabled model portfolios offer a uniquely differentiated solution that can help advisors efficiently manage and grow their business."
  • "Obviously, technology is the key, especially when it can also improve and enhance the user experience of your clients, as well as free up your time to focus on delivering client value."
  • "Sophisticated and diversified outsourced portfolios are a top priority. "
  • "Custodians seem to be coming out with new offerings every day. As you consider your options, remember that choosing a custodian-provided solution is likely to force your hand and disrupt your practice for a while."

Rob Foregger
(Co-Founder, NextCapital Group)

 

 

Tiburon CEO Summit XXXIII
Speaker
Rob Foregger
(Co-Founder, NextCapital Group)


 

 

 

 

 

 

 

Rob Foregger is Co-Founder of NextCapital Group, a digital advice platform for large financial services firms, and currently serves as Executive Vice President. Mr. Foregger is a seasoned executive with 20 years of managing complex business creation, business growth, and marketplace challenges for direct-to-consumer financial institutions. Mr. Foregger has co-founded and served in leadership roles at several companies, including EverBank Financial and Personal Capital. Mr. Foregger also previously served as President of Fidelity Personal Trust Company.

Mr. Foregger’s recent comments have included:

  • "Some firms had clearly put things on hold, but a lot of others are looking at this as an offensive strategy to provide legal and scalable advice to consumers."
  • "Some of the most exciting innovations in financial technology come from hiring team members with diverse backgrounds."
  • "Applying new technologies to old business models often leads to great things. Don't be afraid to think differently!"
  • "It is imperative that the retirement industry provides transparent and cost-effective financial services, which align with the client’s best interests."
  • "We are challenged with bringing people on board quickly enough to help us meet the demands of our new partners, but still ensuring we are finding top-quality software developers."

Tim Freundlich
(President, ImpactAssets)

 

 

Tiburon CEO Summit XXXIII
Speaker
Tim Freundlich
(President, ImpactAssets)


 

 

 

 

 

 

 

Tim Freundlich is President of ImpactAssets. Mr. Freundlich is a long-time innovator in new financial instruments in the social enterprise sector, which he now applies as the head of ImpactAssets, the $350mm boutique donor advised fund and investment note offerer for impact investments. While previously at Calvert Foundation for 12 years, Mr. Freundlich conceived of and launched the donor advised fund. Mr. Freundlich was also instrumental in building the $250mm Community Investment Note with more than $1 billion invested into 300-plus nonprofits and for profits globally. Mr. Freundlich co-founded and serves as Managing Partner for Good Capital that, in addition to its flagship Social Enterprise Expansion Fund, founded the 2,500-person annual Social Capital Markets (SOCAP) conferences in San Francisco and four Impact Hubs in the United States; co-working, meeting and community space serving approximately 2,000 social innovators.

Mr. Freundlich's recent comments have included:

  • "Through these professionally managed funds, donors can provide critical ‘gap-filling’ resources by channeling capital to strategies that are not typically funded by traditional capital markets or by philanthropy."
  • "In many instances, client investments fuel high-impact, for-profit enterprises to develop their businesses to the point where more traditional financing becomes available to them."
  • "In addition to the funds our donor advisors are participating in, we are seeing a marked increase in direct company venture investments and we have just completed our 281st deal, with nine completed in the last 30 days alone."
  • "The whole field is evolving. Five years ago there was a lot less going on, and there were not a lot of good track records to look at outside the ESG [environmental, social and governance] stock and bond managers."
  • "Investors and wealth advisors have an increased sense of urgency in aligning and deploying high-impact capital to what they see as a fast opening gap from government policies."

Nick Good
(Co-Business Head, SPDR Business, State Street Global Advisors)

 

 

Tiburon CEO Summit XXXIII
Speaker
Nick Good
(Co-Business Head, SPDR Business, State Street Global Advisors)


 

 

 

 

 

 

 

Nick Good is Co-Business Head of State Street Global Advisors' SPDR Business. In this role, Mr. Good is jointly responsible for State Street Global's $500B SPDR Exchange Traded Funds business globally, with primary responsibility for the North America and Latin America regions as well as for the Global Marketing and Global Strategy & Planning functions. Mr. Good initially joined State Street Global Advisors in 2014 as Chief Operating Officer of the United States Intermediary Business Group with responsibility for strategic relationships, sales strategy and investment outlooks for SPDR Exchange Traded Funds in the United States. Prior to joining State Street Global Advisors, Mr. Good spent eight years with BlackRock, primarily as CEO of iShares, Asia Pacific. Mr. Good also served as Managing Director and Head of Strategy and Business Development, Asia Pacific for BlackRock. Mr. Good initially joined the firm as Managing Director, Strategy & Planning for iShares and the Index and Markets Group globally at Barclays Global Investors (BGI), which merged with BlackRock in 2009. Before joining Barclays Global Investors, Mr. Good was a lead client manager at the Boston Consulting Group and a Senior Consultant at the Kalchas Group.

Mr. Good’s recent comments have included:

  • "A service model in which we segment clients by channel is too simplified in today’s world of fee compression, regulatory change, and the continual need to scale to meet client demands."
  • "The industry is shifting and we must customize our client experience and provide a portfolio of resources focused on the drivers, opportunities and challenges investment professionals face in their practice. This reorganization allows us to deliver a higher level of personalized service and support to the growing universe of financial advisors and wealth managers relying on ETFs to meet their clients’ goals."
  • "While the proliferation of ETFs has democratized asset allocation, there hasn't been enough focus on constructing portfolios."
  • "With new regulation on the horizon, investors will more likely focus their asset allocation decisions solely on price."
  • "To answer the questions of what is the risk profile and what is the performance attribution, we've seen demand for more capable portfolio analytics."

Bob Guillocheau
(CEO, Ascensus)

 

 

Tiburon CEO Summit XXXIII
Speaker
Bob Guillocheau
(CEO, Ascensus)


 

 

 

 

 

 

 

Bob Guillocheau is CEO of Ascensus and is responsible for the strategic direction and vision of the company. Mr. Guillocheau has more than 30 years of experience in the financial services industry. Prior to joining Ascensus in 2003, Mr. Guillocheau was executive vice president and general manager of First Data Retirement Services, chief operating officer of ChannelWave, and chief financial officer for Mellon Bank’s Mutual Fund Services Group.

Mr. Guillocheau’s recent comments have included:

  • "With the tremendous support of our financial sponsors, Genstar Capital and Aquiline Capital Partners, Ascensus has completed six acquisitions and won multiple 529 state mandates as well as the first two state-sponsored retirement plans over the past nine months. That we have been able to bring in someone of David's stature speaks volumes about Ascensus' market leadership."
  • "Our focus will continue on growing our business through investing in our people, providing great service to our clients and in turn providing strong financial returns to our investors."
  • "We see a great opportunity to grow through new outsourcing deals, but also through acquisitions. We’re always willing to talk, and if it’s a strategic and cultural fit, we’re more than happy to do business."
  • "There is no question that society needs some sort of government-sponsored plan. Despite everyone’s best efforts, adoption rates of 401ks and similar retirement plans are not where they need to be."
  • "It’s imperative that we maintain our focus on the value that we provide to our clients in helping them save for retirement, college, and health care. We listened hard to what our clients were asking of us with our upcoming digital initiatives—the new solutions are truly being built with our clients in mind."

Jan Hier-King
(Co-Founder, Bicycle Financial)

 

 

Tiburon CEO Summit XXXIII
Speaker
Jan Hier-King
(Co-Founder, Bicycle Financial)


 

 

 

 

 

 

 

Jan Hier-King is Co-Founder and Chief Technology Officer at Bicycle Financial. Ms. Hier-King has 30 years of financial technology and operations experience at The Charles Schwab Corporation, Citibank, and Bank of America Corporation. At The Charles Schwab Corporation, Ms. Hier-King led the development of Schwab.com, ran Human Resources, and was Chief Information Officer. Most recently, Ms. Hier-King led The Charles Schwab Corporation’s technology and operations functions, which supported the company’s entire business.

Ms. Hier-King's recent comments have included:

  • "I want every person, no matter how much money they have, to understand and act on their financial dreams."
  • "We wanted to change the narrative of finance from 'show me the money' to 'tell me about your life; tell me about your kids; tell me about how much you save and how much you can save every month.' and if you figure that out, you can make headway."
  • "Your kid might get a college scholarship, but you're never going to get a retirement scholarship."
  • "A house is not liquid, so you can't just right away capture dollars from it."
  • "Financial freedom is the mantra for these folks."

Rick Lacaille
(Global Chief Investment Officer, State Street Global Advisors)

 

 

Tiburon CEO Summit XXXIII
Speaker
Ric Edelman
(Global Chief Investment Officer, State Street Global Advisors)


 

 

 

 

 

 

 

Rick Lacaille is Global Chief Investment Officer at State Street Global Advisors and a member of the firm's Executive Management Group. In his role as Chief Investment Officer Mr. Lacaille has responsibility for all investment management activity at State Street Global Advisors, including research and trading. Prior to his current role, Mr. Lacaille was Business Head of Global Active Equities, and previously European Chief Investment Officer. Before joining State Street Global Advisors in 2000, Mr. Lacaille held a wide variety of posts in quantitative fund management and research at Gartmore Investment Management, including periods as Head of Quantitative Research and Head of Structured Equities.

Mr. Lacaille’s recent comments have included:

  • "We are overweighting equities although we are not ignorant of the risks of euphoria. When we look at the combination of relatively low interest rates and improving earnings growth, that’s a combination that leads us to conclude that we should be risk on."
  • "It's all about value for money: "What am I getting and what am I paying for?'"
  • "On the United States I think we'll see a little bit more core inflation but frankly we don't think that's going to be a real problem."
  • "If you look at the euro zone landscape overall I'm not sure you see quite so many inflationary signs and I think that puts the ECB in a little bit of a dilemma with push and pull coming from different parts of the union."
  • "In today’s market environment, heavily influenced by macro events and political uncertainty, investors are seeking innovative strategies that can exploit the breadth of the investment universe."

Vincenzo LaRuffa
(Partner, Aquiline Capital Partners)

 

 

Tiburon CEO Summit XXXIII
Speaker
Vincenzo LaRuffo
(Partner, Aquiline Capital Partners)


 

 

 

 

 

 

 

Vincenzo LaRuffa is a Partner at Aquiline Capital Partners and is a member of the Investment Committee of Aquiline Technology Growth. Prior to joining Aquiline, Mr. LaRuffa was managing director of Susquehanna Growth Equity, a growth equity group he co-founded that focuses on financial technology and software in the United States, Europe, and Israel. Previously, Mr. LaRuffa was an investor with NGP Energy Technology Partners and began his career at Deutsche Bank in the mergers and acquisitions group.

Mr. LaRuffa’s recent comments have included:

  • "Aquiline has some of the most experienced leadership in the financial services sector. We have a truly unique platform, which can bring significant value to financial technology companies seeking to grow."
  • "Togetherwork is in a unique position to leverage and expand upon the success and capabilities of OmegaFi as it brings together similar companies to create the unrivaled leader in group management and payments software, which is an attractive and under-recognized sector within financial technology."
  • "This is an industry where chatter and know-how, on not just what deals are getting done in the market but what portfolio companies are experiencing, are extraordinarily powerful."
  • "It comes up because today people think about robo-advisers, or alternative lenders or other consumer-facing things. I don’t think things are being labeled fintech that aren’t fintech. I just think that certain end markets get much more consumer attention than others."
  • "The payments market, for example, has had tremendous activity by small companies that became large by providing innovative solutions,” he said. “The insurance market is in much earlier innings."

Liz Michaels
(CEO, ESG & SRI, Aperio Group)

 

 

Tiburon CEO Summit XXXIII
Speaker
Liz Michaels
(CEO, ESG & SRI, Aperio Group)


 

 

 

 

 

 

 

Liz Michaels is CEO of ESG & SRI at Aperio Group. Prior to joining Aperio, Liz was responsible for the $11 billion defined contribution managed accounts business at Ibbotson Associates, a wholly-owned subsidiary of Morningstar. Earlier in her career, she was the Chief Operating Officer of Morningstar and served on the company's executive committee.

Ms. Michaels' recent comments have included:

  • "Financial advisors are increasingly challenged to construct smart investment strategies that reflect the values and/or missions of their clients."
  • "BlueStar's data provides us with an additional tool to help clients interested in aligning their interests in Israel in thoughtfully designed, risk-controlled, low-cost portfolios. We are excited to integrate this new offering into our solution set."
  • "These aren't easy discussions within foundations. If your job is to perpetuate the foundation for future generations, the question is whether this is going to negatively impact your ability to do so."
  • "The combination of information in the press, and a proliferation of products and offerings in this space means investors are no longer taking no for an answer from their advisers. That means they're either taking their money and walking, or pressuring advisers to make it work."
  • "Investors are becoming more sophisticated and more aware of the issue areas, and at the same time they are becoming more demanding, and I don't mean in a negative way."

Joe Mrak
(CEO, FolioDynamix)

 

 

Tiburon CEO Summit XXXIII
Speaker
Joe Mrak
(CEO, FolioDynamix)


 

 

 

 

 

 

 

Joe Mrak is CEO of FolioDynamix. With 20 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. 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 Check Free Corporation.

Mr. Mrak’s recent comments have included:

  • "Integrating FolioDynamix’s powerful trading tools into Envestnet’s unified wealth management, financial planning and data analytics platform offers each of our customers the best of both worlds."
  • "We’re proud to continue to deliver this level of innovation to the industry, especially without a true standard established in the marketplace."
  • "As an industry, we are seeing more and more advisors go the independent RIA route, and we think the technology solution we bring to market is exactly what these advisors need to grow their businesses exponentially, across custodial platforms."
  • "The market is so fragmented that it’s very hard to get critical mass [in the RIA arena]. FolioDynamix has been around for a long time. They’ve been at the much larger end and scaling that down to the advisor world is very difficult to do."
  • "I really think we’re on par with Envestnet. They’re across the table from us nine times out of 10 on any deal we’re selling to. They’re our core competitor. We are probably the last two standing. I think Envestnet tried to get more into our market and we’re going to go right after them. The best way to put it is we’ve got a lot more gas to go after the marketplace."

Ed O'Brien
(CEO, eMoney Advisor)

 

 

Tiburon CEO Summit XXXIII
Speaker
Ed O'Brien
(CEO, eMoney Advisor)


 

 

 

 

 

 

 

Mr. O'Brien is CEO of eMoney Advisor and has spent his 30-year career focused on the development of technology platforms that enable business growth for financial professionals. Prior to eMoney Advisor Mr. O'Brien served as a Senior Vice President and Vice President at Fidelity Investments. Mr. O'Brien also previously served as a Senior Vice President at AdvisorTech.

Mr. O'Brien’s recent comments have included:

  • "We have grown 25% to 30% annually since Fidelity bought us. Our development teams have never been busier or more energized. When you have our infrastructure and foundation, and the backing of Fidelity, there isn’t much you can’t do."
  • "At Fidelity, we’ve been talking about how we help advisors to evolve. When you look at what eMoney is doing, it is creating tools to help advisors that don’t even clear or custody with Fidelity."
  • "What happens a lot of time is advisors and clients think that once they’ve created a plan, that’s it. We don’t believe that. We think it’s much more engagement, much more collaboration … it’s helping the clients achieve the goals, not just put them down on paper."
  • "All of this is built on a single platform, so when the advisor decides a client needs more than pure digital service, they don’t have to pick them up and put them on a different platform. Estate plans or more complex distribution plans, those are things that the advisor just turns on for the client."
  • "Advisors need solutions that simplify their everyday lives and appeal to a growing market of investors looking for digital options."

Bob Oros
(CEO, HD Vest Financial Services)

 

 

Tiburon CEO Summit XXXIII
Speaker
Bob Oros
(CEO, HD Vest Financial Services)


 

 

 

 

 

 

 

Bob Oros is the CEO of HD Vest Financial Services. Mr. Oros has more than 20 years of sales and operational experience and has served in leadership roles at leading brokerage and investment advisory firms where he had a strong track record of successfully recruiting, retaining, and serving advisors. Prior to HD Vest Financial Services, Mr. Oros served as the Executive Vice President at Fidelity Clearing & Custody. In that role, Mr. Oros also oversaw the retirement strategy for Fidelity Custody & Clearing, providing retirement tools, resources and consulting services to advisors who service retirement plans helping them stay at the forefront of their industry. Prior to Fidelity, Mr. Oros served as a National Sales Manager at Trust Company of America, Executive Vice President and Head of Custom Clearing Services at LPL Financial, and Vice President at The Charles Schwab Corporation.

Mr. Oros' recent comments have included: 

  • "We really wanted to help our own employees understand what it takes to run an advisory firm and to make decisions and deal with pressure and to feel the real issues. This matters a tremendous amount to us."
  • "Thirty a month is a big number. But I would look at it less as an absolute number. They’re actively engaged in how their assets are managed."
  • "We all know what is happening in the industry with aging advisors and succession is happening right now."
  • "I think the industry needs something like this. If we have a strong vibrant industry, we all get rewards from it. I think it’s healthy to have diversity of who is in the room and who they work with as custodians as well as the diversity of technology. It’s really helpful. We certainly expect to have a large contingency of Fidelity clients but we want others too."
  • "We’re giving you all of the technology under a single price. It’s different from the others …. “I felt we are the best-kept secret."

Stuart Parker
(CEO, PGIM Investments, Prudential Financial)

 

 

Tiburon CEO Summit XXXIII
Speaker
Stuart Parker
(President, PGIM Investments, Prudential Financial)


 

 

 

 

 

 

 

Stuart Parker is President of PGIM Investments at Prudential Financial, a manufacturer and distributor of retail mutual funds sold primarily through third-party distribution channels. Prior to PGIM Investments, Mr. Parker was Executive Vice President for both Dennison Associates’ sub advisor relationships and Prudential Investment’s retail distribution of mutual funds and managed accounts. Before joining Jennison Associates, Mr. Parker spent fourteen years at Citigroup Asset Management as Head of nonproprietary distribution for its retail and subadvisory business.

Mr. Parker's recent comments have included: 

  • "Our investors need new strategies that offer the opportunity to generate income and investment returns in a challenging low-yield environment."
  • "In addition to the demand for alpha, our clients are increasingly looking for depth of asset class expertise, ease of geographic access and robust risk protocols. We’re proud that we have the global expertise to meet these needs and that clients trust us to source the best investment opportunities on their behalf."
  • "The change to PGIM Investments showcases our ability and commitment to delivering actively managed investment solutions to our global clients through the deep expertise of our multi-manager model."
  • "The International Bond Fund joins our award winning fund lineup and adds breadth and depth to our fixed income multi-sector bond offerings. The fund is managed by the same team that oversees the Prudential Global Total Return Fund, Inc. which is recognized as a 2016 Lipper Fund Award winner for leading the global income category over the ten-year period."
  • "We're looking to understand the whole convergence between technology-based and human advice. I'm expecting to hear that there are more similarities than differences (among their market) segments in their strategies for providing advice to clients."

Simon Roy
(CEO, Jemstep)

 

 

Tiburon CEO Summit XXXIII
Speaker
Simon Roy
(CEO, Jemstep)


 

 

 

 

 

 

 

Simon Roy is CEO of Jemstep and has responsibility for overall business strategy and management. In his over eight years at Jemstep, Mr. Roy has had direct responsibility for functions including strategy, corporate and business development, sales, services and investment systems. Mr. Roy has more than 20 years of experience serving as an investor in, consultant to and chief executive officer (CEO) including as CEO of a start-up, Accrue Software, which was subsequently listed on the Nasdaq. Prior to that, Mr. Roy served as a senior consultant with McKinsey & Company, serving the financial services industry.

Mr. Roy’s recent comments have included:

  • "If we were standalone, it would be no-go."
  • "If you try to close the platform, it will fail. Invesco gets that."
  • "Ultimately, advisors get to decide passive, active, ETFs or mutual funds. We hope to earn the opportunity to have some of Invesco products included."
  • "It’s not the case that the only options will be Invesco-only set of portfolios. It’ll be introduced among a set of options. Those will be an options available to advisory firms to decide if they want to offer those options or not."
  • "What I’m essentially saying is many of these firms are looking for a set of models whether they can trade them in-house or through a TAMP. We essentially support both models."

Schwark Satyavolu
(Partner, Trinity Ventures)

 

 

Tiburon CEO Summit XXXIII
Speaker
Schwark Satyavolu
(Partner, Trinity Ventures)


 

 

 

 

 

 

 

Schwark Satyavolu is a Partner at Trinity Ventures focusing on early stage technology investments in financial technology, security and artificial intelligence. An entrepreneur himself, Mr. Satyavolu was the co-founder of two financial technology companies: Yodlee and Truaxis. Before joining Trinity, Mr. Satyavolu served as Executive Vice President at LifeLock and head of MasterCard’s global rewards and offers initiatives. An engineer by background, Schwark has also worked for Microsoft Corporation.

Mr. Satyavolu’s recent comments have included:

  • "If investments continue at the current rate, this could become the next mortgage crisis with people – including institutional investors – losing hundreds of millions of dollars when (not if) many of these companies go out of business"
  • "--"
  • "I'm very bearish about online lending. I don't expect it to come back."
  • "Fundamentally, it is because you have investors who feel like they are missing out on the next bitcoin. That's getting people to jump in."
  • "These companies running ICOs could have the best intentions, but they might also have no idea what they're doing. And in many cases, you just don't have the proper information to make an informed decision."

Drew Sievers
(CEO, Trizic)

 

 

Tiburon CEO Summit XXXIII
Speaker
Drew Sievers
(CEO, Trizic)


 

 

 

 

 

 

 

Drew Sievers is CEO of Trizic, a leading provider of enterprise grade, white labeled digital advice and workflow technology to firms like John Hancock/ManuLife and Fidelity Information Systems/Sungard. Formerly, Mr. Sievers was the CEO at mFoundry (acquired by Fidelity Information Systems), where he was pivotal in establishing the North American mobile banking industry, securing more than 1,000 financial institution customers. Mr. Sievers is also Managing Director at Operative Capital, an investor in late seed and Series A financial technology companies.

Mr. Sievers’ recent comments have included:

  • "Digital wealth advisory is following the same trajectory as online and mobile banking, and Trizic's disruptive model is well-positioned to bring change to an industry ripe for innovation."
  • "Trizic ensures that wealth providers will always own the relationship with clients. Well-known, direct-to-investor sites offering their solution to financial firms, asset managers and RIAs have a direct conflict. Trizic isn't a competitive threat to the wealth management providers that are implementing Trizic Accelerator."
  • "If there’s 14,000 banks and credit unions out there, we should be able to go to half that market."
  • "When you think about the evolution of the robo arena, these big bank firms moving into this area is a tectonic shift and will create a major disturbance for traditional robo advisors."
  • "Without a doubt, compared to any of our competitors, we have the most technically advanced enterprise level software out there. That's what I do; all these other guys, that's not what they do."

Babu Sivadasan
(President, Envestnet Retirement Solutions)

 

 

Tiburon CEO Summit XXXIII
Speaker
Babu Sivadasan
(President, Envestnet Retirement Solutions)


 

 

 

 

 

 

 

Babu Sivadasan is President of Envestnet Retirement Solutions. Mr. Sivadasan has a distinguished record working with entrepreneurs, turning their ideas into innovative companies, and delivering solutions for Fortune 500 companies. He has extensive experience in global software delivery models and coordination of engineering activities across geographically distributed groups. He also is experienced in leading architecture, design, and development for large projects. For the past fifteen years, his focus has been on the internet and e-commerce application, and he has acted as a lead architect and programmer for Hewlett-Packard, where he worked on building a Java Virtual machine and an embedded application delivery platform. He was also the founding technology officer for several start-up companies, including Stamps.Com. Mr. Sivadasan has also worked as a technology consultant for application infrastructure companies like Quest Software and financial services companies like Discover Card.

Mr. Sivadasan’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."
  • "At a time when many advisors are still adapting to the fee-based business model, our flexible, single-source fiduciary channel empowers advisors working with retirement plan sponsors to deliver advice and solutions that are in every plan participant's best interest."
  • "The latest DOL regs compliance tools are just another component of what we’ve been delivering to advisors for the past seventeen or so years."

Laurel Taylor
(CEO, FutureFuel.IO)

 

 

Tiburon CEO Summit XXXIII
Speaker
Laurel Taylor
(CEO, FutureFuel.IO)


 

 

 

 

 

 

 

Laurel Taylor is the founder and driving force behind FutureFuel.IO. Prior to founding FutureFuel.IO, Ms. Taylor was Head of Industry at Google’s Global Business Unit within the Large Customer Sales division, where she was responsible for meeting and exceeding eight-figure revenue targets. During this time, she also served as a super connector and cross-functional bridge within Google: Google Ventures, Partnerships, X, and Enterprise. Prior to Ms. Taylor's role at Google, she served as the Chief Revenue Officer and Executive Vice President of TEECOM, a technology and engineering firm.

Ms. Taylor’s recent comments have included:

  • "Users today prefer student debt repayment over food, foosball, and a 401(k). What we see, in general, is that 50% of employees opt-out of their 401(k). They're saying, 'My student debt is crushing. I have to pay down my debt first."
  • "Our system is broken. Education benefits our entire country but it also benefits corporate."
  • "Student debt repayment as a benefit is incredibly difficult to operate because, on the back end, the people getting money don’t provide a lot of transparency."
  • "Loan servicers and lenders are fairly antiquated in their abilities to electronically take in money, post money and create visibility around the fact that payments were received and deposited correctly."
  • "By integrating student debt repayment and refinancing as a standard part of health and wellness benefits packages, companies alleviate their employees’ number one source of financial stress: student debt."

Jason Thomas
(CEO, Savos Investments)

 

 

Tiburon CEO Summit XXXIII
Speaker
Jason Thomas
(CEO, Savos Investments)


 

 

 

 

 

 

 

Jason Thomas is CEO & Chief Investment Officer of Savos Investments, a division of AssetMark. He is responsible for the leadership and oversight of the Savos investment platform and the strategic direction of the division. Mr. Thomas joined Savos Investments in December 2014. Previously, he was the CEO of Portfolio Design Labs, a company he founded to provide next generation risk measurement and management to investment advisors and institutional investors. Prior to that, he was the chief investment officer of Aspiriant, the leading independent wealth management firm in the U.S. with $8 billion in assets under management and advisement. Mr. Thomas began his career at the Federal Reserve Bank of San Francisco.

Mr. Thomas’ recent comments have included:

  • "We believe wealth is reliably created only through participation in profitable economic activity. Risk is unavoidable, but take it intelligently."
  • "Remember that both advisors and clients evaluate their entire experience; we sometimes forget that an individual’s feelings are integral to the investment process."
  • "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."
  • "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."

Bill Van Law
(President, Investment Advisors Division, Raymond James Financial)

 

 

Tiburon CEO Summit XXXIII
Speaker
Bill Van Law
(President, Investment Advisors Division, Raymond James Financial)


 

 

 

 

 

 

 

Bill Van Law is President of the Investment Advisors Division at Raymond James Financial. Previously, he was senior vice president and national director of business development at Raymond James Financial. Mr. Van Law worked in the private client group at Merrill Lynch before joining Raymond James Financial.

Mr. Van Law’s recent comments have included:

  • "I did a really deep dive so we could create something competitive. We want to position ourselves to really grow this. We saw advisors who did not stay at Raymond James and left for an RIA model, and that was disturbing. That reinforced that the strategy was not going to work going forward unless we created something more competitive."
  • "It is about quality caliber and diversity of the team. It is important that we have people with outstanding experience from all areas of where we are going to recruit from. If you look at our team, now we have got experience from two major custodians, Schwab and Fidelity, and experience from independent broker-dealers and the wirehouses."
  • "It does not matter where you are in terms of value, if you are not priced the right way, no one will come."
  • "Breakaway recruiting is going to hit a tipping point. Reversing that trend just isn’t going to happen."
  • "My goal is to reinforce that this RIA business is a growing business and we are making major commitments."

Dave Welling
(CEO, Mercer Advisors)

 

 

Tiburon CEO Summit XXXIII
Speaker
Dave Welling
(CEO, Mercer Advisors)


 

 

 

 

 

 

 

Dave Welling is CEO at Mercer Advisors and has more than 20 years of experience in the advisory and wealth management industry. Most recently, Mr. Welling was Managing Director and Co–General Manager of SS&C Advent, a leading provider of technology and operational support to advisors, investment managers and hedge funds. Mr. Welling's past professional experiences include executive leadership roles at Black Diamond Performance Reporting and The Charles Schwab Corporation, as well as management consulting with Bain & Company.

Mr. Welling’s recent comments have included:

  • "It’s not the aggregator model, which says, ‘Join us, we’ll take care of the overhead, you keep doing everything you want to do."
  • "I have good empathy for what it feels like to be the acquired, and how to manage that transition effectively."
  • "Mercer is one of the country's leading RIA's, and I am excited to be working with Genstar and the Mercer team to fulfill our vision for the company's future."
  • "I've had a 20-year love affair with the RIA industry and have passionately been a supporter and service provider to RIAs since 1997. This is a first chance to do it for real."
  • "The large firms are starting to outsource. I feel like the momentum is building."

Kim Wright-Violich
(Managing Partner, Tideline)

 

 

Tiburon CEO Summit XXXIII
Speaker
Kim Wright-Violich
(Managing Partner, Tideline)


 

 

 

 

 

 

 

Kim Wright-Violich is Managing Partner at Tideline and co-leads the firm’s strategy, operations, and client engagement. Prior to Tideline, Ms. Wright-Violich was the CEO of Schwab Charitable, a stand-alone nonprofit corporation founded by The Charles Schwab Corporation to provide turnkey charitable asset management and philanthropic services to investors. In her time as CEO, Ms. Wright-Violich oversaw Schwab Charitable’s growth from a start-up to the second-largest donor advised fund in the United States, with $3.5 billion in assets and over $5 billion in contributions, serving over 25,000 investors and their wealth advisors.

Ms. Wright-Violich’s recent comments have included:

  • "Larger firms have a bigger brand and corporate reputation to protect; they have deeper pockets for R&D; and, with client-and asset-retention front of mind, making relationships stickier through innovation is critical, even if just serving a niche."
  • "We have witnessed a significant shift in institutional interest in impact investing over the past few years, as managers have established track records of success and more investment options have become available."
  • "Non-conflicted, actionable advice on impact investing is needed now more than ever."
  • "Donors with accounts of $10 million or more have access to alternative investments, allowing them to customize their investment choices so that their DAFs have similar investment flexibility as private foundations."
  • "Donor advised funds are designed to remove the barriers to giving, by outsourcing the administration, record keeping, and due diligence on the charities and receiving some protection from charitable solicitations. Understanding what aspects of charitable giving you want to be relieved of and what you do not want to outsource, helps you make the right choice."


Attendees

Tiburon is pleased to announce that the following 171 Tiburon clients attended Tiburon CEO Summit XXXII:

  • Chip Roame (Managing Partner, Tiburon Strategic Advisors)
  • Cooper Abbott (President, Carillon Tower Advisors)
  • Mike Abelson (Executive Vice President, AssetMark)
  • Rahul Agrawal (Chief Investment Officer, Advisor Partners)
  • Blaine Aikin (Executive Chairman, fi360)
  • Mike Alfred (CEO, BrightScope)
  • Mike Apker (Executive Vice President, Envestnet)
  • Anil Arora (CEO, Envestnet Yodlee)
  • Steve Atkinson (Executive Vice President, Loring Ward Group)
  • Jon Baum (Executive Chairman, NorthStar Financial Services Group)
  • Ryan Beach (CEO, CLS Investments)
  • Mark Beeston (Founding Partner, Illuminate Financial Management)
  • Steven Begleiter (Managing Director, Flexpoint Ford)
  • Bob Belke (Partner, Lovell Minnick Partners)
  • Vivina Berla (Co-Managing Partner, Sarona Asset Management)
  • Phyllis Borzi (Former Assistant Secretary, Employee Benefits Security Administration, Labor Department, United States of America)
  • Brad Burgess (Chief Technical Officer, Orion Advisor Services)
  • Roy Burns (Managing Director, TA Associates)
  • Dave Butler (Co-CEO, Dimensional Fund Advisors)
  • Bruce Cameron (Co-CEO, Berkshire Capital Securities)
  • Sal Campo (Chief Delivery Officer, InvestCloud)
  • David Canter (Executive Vice President, Fidelity Clearing & Custody Solutions)
  • Mike Capelle (Business Head, FinLife Partners, United Capital Financial Partners)
  • Jeff Carlin (Senior Managing Director, United States Retail Distribution, Nuveen Investments)
  • Tim Carroll (CEO, New York Private Trust Company)
  • James Caulkins (Chief Revenue Officer, Docupace Technologies)
  • Jerry Chafkin (Chief Investment Officer, AssetMark)
  • Rene Chaze (Chief Financial Officer, Edelman Financial Services)
  • Eric Clarke (CEO, Orion Advisor Services)
  • Mike Clinton (Chief Financial Officer, Loring Ward Group)
  • Alan Clopine (Co-CEO, Pure Financial Advisors)
  • Frank Coates (CEO, Wheelhouse Analytics)
  • John Cochran (Partner, Lovell Minnick Partners)
  • Randy Conner (President, Churchill Management Group)
  • Margo Cook (President, Nuveen Advisory Services)
  • John Coyne (Vice Chairman, Brinker Capital)
  • Todd Crockett (Managing Director, TA Associates)
  • Walter Cruttenden (Co-Founder, Acorns)
  • Jeff Cusack (Senior Managing Director, Nuveen Investments)
  • Peter DeBoer (CEO, CFRA Research)
  • Robert DeChellis (President, Allianz Exchange)
  • Stuart DePina (President, Envestnet Tamarac)
  • Russ Diachok (CEO, Geneos Wealth Management)
  • Ryan Diachok (President, Geneos Wealth Management)
  • Linda Drucker (Associate General Counsel, The Charles Schwab Corporation)
  • Jeffrey Dunham (CEO, Dunham & Associates Investment Counsel)
  • Steve Dunlap (President, FolioDynamix)
  • Danny Dunn (Chief Revenue Officer, Morningstar)
  • Mark Earley (CEO, Hines Securities)
  • Ric Edelman (Executive Chairman, Edelman Financial Services)
  • Pete Engelken (Chief Operating Officer, Hanson McClain)
  • Colin Falls (President, GeoWealth Management)
  • Michelle Farmer (General Counsel, Advisor Software)
  • John Faustino (Chief Strategy Officer, fi360)
  • Pat Feigley (Executive Vice President, PIMCO)
  • Ryan Fickel (Chief Technology Officer, AdvisorsExcel)
  • Rob Foregger (Co-Founder, NextCapital Group)
  • Tiffany Freitas (Chief Financial Officer, Vestmark)
  • Tim Freundlich (President, Impact Assets)
  • Terry Gaines (Chief Business Development Officer, First Rate)
  • Paul Gamble (CEO, 55 Institutional)
  • Adi Garg (Chief Technology Officer, Hanson McClain)
  • Richard Garman (Managing Partner, FTV Capital)
  • Charles Goldman (CEO, AssetMark)
  • Nick Good (Co-Business Head, SPDR Business, State Street Global Advisors)
  • Craig Gordon (Chief of Strategic Development, RBC Correspondent & Advisor Services)
  • Kyle Griswold (Partner, FTV Capital)
  • Bob Guillocheau (CEO, Ascensus)
  • Bomy Hagopian (Partner, Berkshire Capital Securities)
  • Jim Hale (Founding Partner Emeritus, FTV Capital)
  • Scott Hanson (Co-CEO, Hanson McClain)
  • Jimmy Hausberg (Partner, Hausberg Group)
  • Bob Herrmann (CEO, Discovery Data)
  • Kyle Hiatt (Executive Vice President, Orion Advisor Services)
  • Jan Hier-King (Co-Founder, Bicycle Financial)
  • Anton Honikman (CEO, MyVest Corporation)
  • Jonathan Hudacko (CEO, JustInvest)
  • Bob Huret (Founding Partner Emeritus, FTV Capital)
  • Drew Hurt (Chief Financial Officer, fi360)
  • Peter Jantzen (Executive Vice President, Vestmark)
  • David Jegen (Partner, F-Prime Capital)
  • Anders Jones (CEO, Facet Wealth)
  • Tif Joyce (Partner, Sonoma County Wealth Advisors)
  • Kunal Kapoor (CEO, Morningstar)
  • Craig Katz (Executive Vice President, Discovery Data)
  • Lewis Katz (Chief Business Development Officer, FS Investments)
  • Kevin Keller (CEO, Certified Financial Planner Board of Standards (CFP Board))
  • Iain Kennedy (Chief Operating Officer, Trizic)
  • Michael Kim (Executive Vice President, AssetMark)
  • James Kirk (Managing Principal, Corsair Capital)
  • Rob Klapprodt (President, Vestmark)
  • Matthias Kuhlmey (Partner, Kuhlmey Group)
  • Rick Lacaille (Global Chief Investment Officer, State Street Global Advisors)
  • Vincenzo LaRuffa (Partner, Aquiline Capital Partners)
  • Kim Laughton (President, Schwab Charitable)
  • Doug Lennick (CEO, Think2Perform)
  • Steve Lewczyk (Chief Revenue Officer, Trizic)
  • Chuck Lewis (Co-Founder, MyVest Corporation)
  • Lon Macdonald (Chief Marketing Officer, Vestmark)
  • Scott MacKenzie (CEO, Fidelity Clearing Canada)
  • Joel Mandelbaum (CEO, Strategic Insight)
  • Joe Mansueto (Executive Chairman, Morningstar)
  • Phil Markgraf (Chief Operating Officer, FTJ FundChoice)
  • Doug Maxwell (Chief Financial Officer, Mercer Advisors)
  • Michael McClary (Chief Investment Officer, Valmark Advisers)
  • Mike McDaniel (Chief Investment Officer, Riskalyze)
  • Patrick McKenna (Executive Chairman, Facet Wealth)
  • Liz Michaels (CEO, ESG & SRI, Aperio Group)
  • John Michel (CEO, CircleBlack)
  • Steven Miyao (President, Distribution Solutions, DST Systems)
  • Viggy Mokkarala (Executive Vice President, Envestnet)
  • Joe Mrak (CEO, FolioDynamix)
  • Bill Mueller (CEO, fi360)
  • Ryne Nishimi (Executive Vice President, PIMCO)
  • Ed O'Brien (CEO, eMoney Advisor)
  • Harry O'Mealia (CEO, 1919 Investment Counsel)
  • Curt Olson (Executive Vice President, PIEtech)
  • Bob Oros (CEO, HD Vest Financial Services)
  • Stuart Parker (President, PGIM Investments, Prudential Financial)
  • Bill Parsons (Executive Vice President, Envestnet Yodlee)
  • John Phillips (Executive Vice President, Fidelity Investments)
  • Loren Pierson (President, Mercer Advisors)
  • Rob Pinkerton (Chief Marketing Officer, Morningstar)
  • Michael Pinsker (CEO, Docupace Technologies)
  • Ryan Porter (Executive Vice President, Riskalyze)
  • Alex Potts (CEO, Loring Ward Group)
  • Lowell Putnam (CEO, Quovo)
  • Dean Rager (President, Geneos RIA)
  • Jodee Rager (Chief Compliance Officer, Geneos Wealth Management)
  • Alex Rampell (Partner, Andreessen Horowitz)
  • Craig Ramsey (Chief Operating Officer, AdvisorEngine)
  • Lisa Rapuano (Chief Revenue Officer, Facet Wealth)
  • Brandon Rembe (Chief Technology Officer, Envestnet Tamarac)
  • George Riedel (Business Head, Financial Institutions, T. Rowe Price Group)
  • Rich Rosenbaum (Partner, Aquiline Capital Partners)
  • Gary Roth (Executive Vice President, United Capital Financial Partners)
  • Trish Rothschild (Chief Product Officer, Morningstar)
  • Simon Roy (CEO, Jemstep)
  • Scott Ruddick (Chief Marketing Officer, Advisor Partners)
  • Dave Ryan (President, California, Uptown Financial Group)
  • Tony Salewski (Managing Director, Genstar Capital)
  • Schwark Satyavolu (Partner, Trinity Ventures)
  • Paul Schaeffer (Advisor, Aquiline Capital Partners)
  • Eram Schlegel (Chief Product Officer, CFRA Research)
  • Skip Schweiss (President, TD Ameritrade Trust Company)
  • Sachin Shah (Chief Revenue Officer, 55 Institutional Partners)
  • Drew Sievers (CEO, Trizic)
  • Babu Sivadasan (President, Envestnet Retirement Solutions)
  • Marshall Smith (Chief Product Officer, First Rate)
  • Neil Smith (Executive Vice President, Ascensus)
  • Steven Spiegel (Partner, Aquiline Capital Partners)
  • Noel Stave (Chief Operating Officer, RBC Correspondent & Advisor Services)
  • Brian Stimpfl (Business Head, Scottrade Advisor Services)
  • Hal Strong (Partner, Genstar Capital)
  • Laurel Taylor (CEO, FutureFuel.IO)
  • Jason Thomas (CEO, Savos Investments)
  • Brett Thorne (Business Head, RBC Correspondent & Advisor Services)
  • Ben Thornley (Managing Partner, Tideline)
  • Mark Trousdale (Chief Marketing Officer, InvestCloud)
  • Bill Van Law (President, Investment Advisors Division, Raymond James Financial)
  • Rusty Vanneman (Chief Investment Officer, CLS Investments)
  • Corey Walther (Chief Operating Officer, Allianz Life Financial Services)
  • Bob Ward (Chief Revenue Officer, Vertical Management Systems)
  • Steve Warren (Co-Founder, MyVest Corporation)
  • Ken Weise (CEO, Sonoma County Wealth Advisors)
  • Dave Welling (CEO, Mercer Advisors)
  • Craig Wietz (President, First Rate)
  • Kevin Winters (Executive Vice President, PIMCO)
  • Matt Wolniewicz (President, fi360)
  • Mark Worsey (Chief Operating Officer, MyVest Corporation)
  • Kim Wright-Violich (Managing Partner, Tideline)
  • Derek Young (Vice Chairman, Fidelity Institutional Asset Management)
   

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, 2008-2009, 2006-2007, 2004-2005, & 2001-2003,