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Next Tiburon Research Call: Financial Services Industry Investment Opportunities: Venture Capital, Public Offerings, Public Stocks, & Private Equity Trends - August 1, 2019

Tiburon is pleased to announce that the next Tiburon Research Call will be on Financial Services Industry Investment Opportunities: Venture Capital, Public Offerings, Public Stocks, & Private Equity Trends. It will be held August 1, 2019 at 10:00am PT/1:00pm ET. 

All employees from Tiburon CEO Summit sponsors and Tiburon members, as well as media representatives who cover Tiburon Research, are invited to join this call with Tiburon Managing Partner Chip Roame. This is one of 42 Tiburon Research Calls set for this year. To see the full Tiburon Research Calls calendar, please click here.

Financial Services Industry Investment Opportunities: Venture Capital, Public Offerings, Public Stocks, & Private Equity Trends

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Prior Tiburon Research: Financial Services Industry Mergers & Acquisitions: Consolidation of the Retail Banking, Insurance, Brokerage, & Investment Management Businesses

Tiburon is pleased to provide Tiburon CEO Summit sponsor and Tiburon member employees that missed the previous Tiburon Research Call  on Financial Services Industry Mergers & Acquisitions: Consolidation of the Retail Banking, Insurance, Brokerage, & Investment Management Businesses with access to the recording on the Tiburon web site by clicking the link below and logging in with one's username and password.

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

Financial Services Industry Mergers & Acquisitions: Consolidation of the Retail Banking, Insurance, Brokerage, & Investment Management Businesses


Tiburon CEO Summit XXXVII: Meeting Agenda

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Tiburon Strategic Advisors and its Managing Partner Chip Roame are pleased to share the developing meeting agenda for the upcoming Tiburon CEO Summit XXXVII, which will be held on October 7-9, 2019, at the Ritz Carlton Hotel in San Francisco. Tiburon CEO Summits provide a unique opportunity for leaders from throughout the financial services industry to gather to collaborate & candidly discuss the future of the industry. Attendees will enjoy over 40 speakers discussing the industry's most important strategic issues.

Tiburon CEO Summit XXXVII Meeting Agenda

If you are a CEO, other C-level executive, executive vice president, or partner at a Tiburon CEO Summit sponsor or Tiburon member and would like to participate in Tiburon CEO Summit XXXVII, please see the Tiburon CEO Summit webpage or register via the button below.


Tiburon Impact Adventure 4.0: Mexico, January 27-28, 2020

Tiburon Managing Partner Chip Roame and Tiburon members Scott Hanson (Co-CEO, Hanson McClain) & Craig Wietz (President, First Rate) will co-lead Tiburon Impact Adventure 4.0 to build a home for a family in need in San Antonio Del Mar, Mexico on January 27-28, 2020. For more information, please email Craig Wietz (President, First Rate).

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Tiburon Impact Adventure 4.0 will be the fourth in a series of Tiburon Impact Adventures which are intended to connect first world finance with developing world needs. Tiburon Impact Adventures 2.0 and 3.0 were co-led by Tiburon Managing Partner Chip Roame and Tiburon members Scott Hanson (Co-CEO, Hanson McClain) & Craig Wietz (President, First Rate). On each occasion, twenty or so group members built and fully furnished a home for a family in need in San Antonio Del Mar, Mexico. Tiburon Impact Adventure 2.0 took place on January 27-28, 2018, Tiburon Impact Adventure 3.0 took place on January 15-16, 2019. Tiburon Impact Adventure 1.0 had been led by Tiburon Managing Partner Chip Roame and Tiburon members Ben Cukier (Managing Partner, Centana Growth Partners), Scott Hanson (Co-CEO, Hanson McClain), & Aaron Klein (CEO, Riskalyze) in Ethiopia on January 15-18, 2017. That group raised over $100,000 for the construction of a fifth through eighth grade classroom building in the village of Adami Tulu.

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

Tiburon Impact Adventure 4.0


Skip & Chip's Excellent Adventure 9.0: Cactus-to-Clouds Hike, Palm Springs, CA, July 12-14, 2020

Skip & Chip's Excellent Adventure 9.0 will take place July 12-14, 2020 in Palm Springs, CA, featuring the 21 mile, 10,800 vertical feet Cactus-to-Clouds Hike of Mount San Jacinto and be co-led by Tiburon Managing Partner Chip Roame and Tiburon member Skip Schweiss (President, TD Ameritrade Trust Company). For more information, please email Skip Schweiss (President, TD Ameritrade Trust Company).

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Skip & Chip's Excellent Adventure 8.0 took place recently on July 13-15, 2019. The group, co-led by Skip & Chip, hiked the New Hampshire Presidential Range. More pictures available on the Tiburon web site

Skip & Chip's Excellent Adventure 9.0 will be the ninth in the series of adventures, in which participants have reached the tops of Mount Whitney & Mount Shasta, traversed the Grand Canyon, summited Half Dome in Yosemite, and completed the Kalalau Trail in Kauai, the Crow Pass Trail in Alaska, the Four Pass Loop outside of Aspen, CO, and the Presidential Range in New Hampshire. The annual outing combines a challenging outdoor adventure with a fun weekend together. If you are interested in the Skip & Chip's Excellent Adventures generally, would like to propose a future Excellent Adventure, and/or would like to inquire about taking part in a future Excellent Adventure, please email Skip Schweiss (President, TD Ameritrade Trust Company).

Skip & Chip's Excellent Adventure 9.0 (Palm Springs)


Tiburon Written Research:  Financial Services Industry Mergers & Acquisitions: Consolidation of the Retail Banking, Insurance, Brokerage, & Investment Management Businesses

Tiburon is pleased to highlight its research on Financial Services Industry Mergers & Acquisitions: Consolidation of the Retail Banking, Insurance, Brokerage, & Investment Management BusinessesThe purpose of this research is to provide readers with a comprehensive understanding of the rapid consolidation taking place in the retail banking, insurance, brokerage, investment management, & related FinTech markets. Glass Steagall fell in 1999 and the financial services industry picked up its mergers & acquisitions trend. Subsequently, capital adequacy, TARP repayments, & low interest rates forced divestitures. Retail banks have acquired other banks, brokerage firms, & investment management firms. Insurance companies have acquired other insurance companies, independent broker/dealers, and investment management firms. Full-service brokerage firms have acquired other full-service brokerage firms and investment management firms. And investment management & technology firms have acquired one another. Originally on the sidelines, and now in the limelight, the related FinTech market has also been consolidating rapidly. This research profiles the thousands of transactions that have taken place and lays the groundwork for expected consolidation (and divestitures) over the coming decade. This research is part of Tiburon's strategic issues series.

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This research addresses the historical phases of financial services industry mergers & acquisitions, including:

  • Regulation Phase
  • Acquisitions Phase
  • Glass Steagall Repeal Phase
  • Industry Restructuring Phase
  • FinTech Mergers & Acquisitions Phase
This research defines distinct financial services industry mergers & acquisitions, including:
  • Retail Bank Mergers & Acquisitions
  • Insurance Company Mergers & Acquisitions
  • Brokerage Firm Mergers & Acquisitions
  • Investment Management Firm Mergers & Acquisitions
  • FinTech & Related Market Segment Mergers & Acquisitions
    • Technology Firms Mergers & Acquisitions
    • Media Firms Mergers & Acquisitions
    • Securities Exchanges Mergers & Acquisitions
And this research makes several future predictions for financial services industry mergers & acquisitions, including:
  • Substantial Growth in Financial Services Industry Mergers & Acquisitions
  • Dominance of the Retail Bank, Insurance Company, & Foreign Financial Institution Acquirer Models
    • Retail Bank Model Acquirers
    • Insurance Company Model Acquirers
    • Foreign Financial Institutions Model Acquirers
  • Substantial Growth in FinTech Mergers & Acquisitions
  • Mixed Movements in Transaction Values, with Recurring Fee Technology Firms, Fee-Based Brokerage Firms, & Index-Based Investment Management Firms Earning the Highest Multiples

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

Financial Services Industry Mergers & Acquisitions: Consolidation of the Retail Banking, Insurance, Brokerage, & Investment Management Businesses


Tiburon Written Research: Envestnet: A Leading Wealth Management Technology & Investment Management Platform 

Tiburon is pleased to highlight its research on Envestnet. Envestnet was founded by Jud Bergman, Jim Lumberg, & Brandon Thomas in 1999. The firm is based in Chicago, IL. Envestnet has fourteen offices, 2,665 employees, $578.2 million gross revenues, $579.4 million adjusted revenues, $99.4 million adjusted EBITDA, & $43.6 million adjusted net profits. The company is led by its CEO Jud Bergman. Envestnet is a public company trading on the New York Stock Exchange under the symbol ENV. Its web sites can be found at www.envestnet.com, www.investpmc.com, www.primacapital.com, www.tamaracinc.com, www.yodlee.com, & www.yodleemoneycenter.com.

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Envestnet's comprehensive PowerPoint deck below includes a synopsis of its history, including its key phases:

  • Core Acquisitions & Key Alliances Phase
  • Initial Public Offering Phase
  • Business Expansion Phase

Its profile includes the key statistics of the firm, including its number of offices, employees, gross revenues, adjusted revenues, adjusted operating income margin, non-operating income, EBITDA, adjusted EBITDA, & adjusted net profit margin.

Its profile includes detailed outlines of its core services, including:

  • Envestnet Wealth Solutions
    • Advisor Suite
    • Envestnet PMC
    • Licensing
  • Envestnet Data & Analytics

And its profile concludes with the highlights of its organizational structure & ownership.

Envestnet


Recent Tiburon Research Calls:

Tiburon is pleased to provide all employees at Tiburon CEO Summit sponsors and Tiburon members with access to Tiburon Research Calls led weekly by Tiburon Managing Partner Chip Roame. To listen to recent Tiburon Research Calls, click the link below for your topic of interest, and enter your Tiburon username and password:

 

 

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

Recent Tiburon Research Calls


Recently Posted Tiburon Written Research:

Tiburon is pleased to provide all employees at Tiburon CEO Summit sponsors and Tiburon members with access to Tiburon's Written Research library of 2,400+ topics and profiles. To access Tiburon Written Research, click the link below for your topic of interest, and enter your Tiburon username & password:

Topics

Profiles

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

Recently Posted Tiburon Written Research


Tiburon Conference Speeches:

Tiburon has given hundreds of speeches to both financial industry executives and financial advisors. Common audiences for Tiburon speeches include board meetings, executive offsites, employee meetings, financial advisor annual conferences, top producers trips, regional forums, & due diligence trips; and national and regional trade group meetings. Tiburon has been widely quoted and can offer detailed insights to conference attendees. The firm's most popular speech topics evolve with market trends and Tiburon's research agenda. Any topic would provide timely research-based conclusions and Tiburon is also willing to merge and custom-design topics to fit specific needs. If you would like to schedule a conference speech, please email Sarah Sage.

Tiburon Conference Speeches


Tiburon Careers:

Tiburon is growing rapidly and actively recruiting. Please read the below firm description and specific job descriptions.

Tiburon Strategic Advisors:

Tiburon Strategic Advisors (“Tiburon”) was founded in 1998 by a McKinsey & Company alumnae. The firm historically functioned as a boutique strategic consulting firm serving the worldwide financial services and fintech industries. Based on its two decades of substantial success, widely published industry views, and very broad set of industry contacts, Tiburon has evolved into a multi-faceted business, with its core services including its Tiburon Membership and Tiburon CEO Summits Sponsorship (Tiburon Written Research, Tiburon Research Calls, Tiburon CEO Summits) programs, conference speeches and market seminars, due diligence, mergers and acquisitions, and other CEO-level advisory roles, and ongoing board roles. Tiburon also generates substantial revenues from its own proprietary investments in financial services and fintech firms. The firm has published 2,000+ Tiburon Written Research papers, hosts 42 weekly Tiburon Research Calls for its 100+ corporate members, hosts semi-annual Tiburon CEO Summits in New York, NY and San Francisco, CA for 250+ of its CEO-level members, and invests in (and serves on boards of) numerous leading financial services and fintech companies worldwide.

Tiburon is also structured as a highly efficient lifestyle business, maintaining a highly professional culture serving primarily CEO-level members, with very high service standards, a 100% expected member retention rate, and substantial sales and revenues goals, all balanced with a focus on work/life balance. The firm’s managing partner values and closely measures results, with key results measures including the firm's revenues and profits, and its numbers of members, attendees, listeners, and readers. The most successful candidates will have experience in professional services firm environments (e.g., private equity firms, management consulting firms, etc.), experience working with CEO-level clients and fixed deadlines, and a clear revenue-orientation. At the same time, the firm has recently invested substantially to refurbish its physical office environment at Point Tiburon Plaza near the ferry dock aand water fountain in downtown Tiburon. And the firm is willing to consider unusual (albeit permanent) working models for parents with school age kids and other similar situations including part-time roles, job sharing, etc. Tiburon presents a unique career opportunity for highly-motivated, mature, and talented professionals in the Tiburon, CA area. Tiburon prefers to hire locally when possible.

Tiburon has immediate needs for one or two publishing assistants, one or two marketing assistants, and one administration assistant, and is also adding more part-time student assistants.

Publishing Assistant(s):

Tiburon Strategic Advisors is currently seeking one or two entry-level Publishing Assistants. Core responsibilities are to deliver three PowerPoint assignments per day. PowerPoint completion includes making noted edits to PowerPoint documents, revising parts in Microsoft Word and Excel, completing research and printing assignments, recording podcasts, and publishing all document parts to the Tiburon web site. More experienced members of the team should be able to complete three or more PowerPoint assignments per day and also add more value in research. The ideal candidate(s) will be dedicated and responsive team players who can support current publishing needs. This role can be part- or full-time, with morning hours being most important. A job share could also possibly work. Office is located in downtown Tiburon, CA.

Responsibilities:

  • Revise PowerPoint documents
  • Build parts for published reports (e.g., table of contents; key findings; etc)
  • Research focused issues to improve research
  • Record podcast for Tiburon members
  • Publishing all document parts to the Tiburon web site

Requirements:

  • Experience with Microsoft Office applications, especially PowerPoint (intermediate skills required – work primarily in graphics but following existing approved formats)
  • Research skills
  • Exceptional organizational and time-management skills; ability to manage oneself in a fast-paced working environment and meet multiple deadlines with limited supervision
  • Exceptional attention to detail
  • Proximity to Tiburon office
  • Experience in professional services firm (e.g., management consulting firm, private equity firm) would be a plus

Compensation:

  • New Production Assistants will start at $25 per hour (approximately $52,000)
  • Successful Production Assistants eligible for up to $40 per hour (approximately $83,000)
  • All Production Assistants paid additional amounts for overtime hours
  • Paid time off, 100% individual health care insurance, and other benefits offered starting after 90 days of employment (for full-time employees)

Please email cover letter and resume to Sarah Sage at SSage@TiburonAdvisors.Com.

Marketing Assistant(s):

Tiburon Strategic Advisors is seeking one or two entry-level Marketing Assistants. The ideal candidate(s) will be dedicated and responsive team players who can support current marketing activities. This role can be part- or full-time. A job share could also possibly work. Office is located in downtown Tiburon, CA.

Responsibilities:

  • Answer telephones, greet guests, check voicemails, and respond to members’ needs
  • Assist in managing the firm’s contacts database in Salesforce
  • Participate in inbound and outbound service & sales efforts (including preparing managing partner for calls)
  • Assist with other marketing projects as necessary, including numerous steps related to semi-annual Tiburon CEO Summits

Requirements:

  • Experience with Microsoft Office applications, especially PowerPoint
  • Exceptional organizing and time-management skills; ability to manage oneself in a fast-paced working environment and meet multiple deadlines with limited supervision
  • Ability to learn quickly and solve problems
  • Experience in professional services firm (e.g., management consulting firm, private equity firm) and experience with Salesforce is a plus

Compensation:

  • New Marketing Assistants will start at $25 per hour (approximately $52,000)
  • Successful Marketing Assistants eligible for up to $40 per hour (approximately $83,000)
  • All Marketing Assistants paid additional amounts for overtime hours
  • Paid time off, 100% individual health care insurance, and other benefits offered starting after 90 days of employment (for full-time employees)

Please email cover letter and resume to Sarah Sage at SSage@TiburonAdvisors.Com.

Administration Assistant:

Tiburon Strategic Advisors is seeking one entry-level Administration Assistants. The ideal candidate will be a dedicated and responsive team player who can support current administrative needs. This role can be part- or full-time, with morning hours being most important. A job share could also possibly work. Office is located in downtown Tiburon, CA.

Responsibilities:

  • Answer telephones, greet guests, check voicemails, and respond to members’ needs
  • Collect and distribute mail, manage inventory and order supplies, and manage office vendors
  • Post job openings, assist new employees with employee paperwork, train new employees on office technology, and collect payroll time sheets and contractor invoices
  • Assist in managing the firm’s contacts database in Salesforce
  • Support managing partner with other general administration tasks

Requirements:

  • Experience with Microsoft Office applications, especially PowerPoint
  • Exceptional organizing and time-management skills; ability to manage oneself in a fast-paced working environment and meet multiple deadlines with limited supervision
  • Ability to learn quickly and solve problems
  • Experience in professional services firm (e.g., management consulting firm, private equity firm) and experience with Salesforce is a plus

Compensation:

  • The new Administration Assistant will start at $25 per hour (approximately $52,000)
  • A successful Administration Assistant eligible for up to $40 per hour (approximately $83,000)
  • The Administration Assistant paid additional amounts for overtime hours
  • Paid time off, 100% individual health care insurance, and other benefits offered starting after 90 days of employment (for full-time employees)

Please email cover letter and resume to Sarah Sage at SSage@TiburonAdvisors.Com.

Part-Time Student Assistants:

Tiburon is also continuing to seek to add entry-level part-time student assistants for administrative work (e.g., filing, data entry, data analysis, calling, and publishing (PowerPoint)). College and high school students are welcome to apply. Energy, attention to detail, and yet reasonable expectations will be keys to success. Some previous professional services firm office experience would be helpful. Starting pay is $14 per hour and potentially up to $18 per hour for those who advance to more important tasks and who are most productive. Please email cover letter and resume to Sarah Sage at SSage@TiburonAdvisors.Com.

Tiburon Careers


Tiburon Media Coverage:

Tiburon was featured recently in Financial Planning in an article titled TAMP on the Rise; AssetMark Goes PublicThe public markets appear to have validated AssetMark's rapid growth as a turnkey asset management platform company. Tiburon quoted saying that AssetMark's IPO has reinforced the demand to invest in the independent advisor market.

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

Tiburon Media Coverage