30 min

Key Trends in Wealth and Investment Management with Chip Roame WealthTech on Deck

    • Investing

Wealth and investment management are constantly evolving industries, with new technologies, strategies, and trends emerging every day.  In order to stay ahead of the curve, advisors need to be aware of the key drivers shaping the landscape. 
In today’s episode, Jack talks with Chip Roame, Founder and Managing Partner of Tiburon Strategic Advisors, and the Tiburon CEO Summits. Prior to forming Tiburon in 1998, Chip served as a management consultant at McKinsey & Company, and later as a business strategist at The Charles Schwab Corporation. In his current role, Chip is responsible for all of Tiburon's advisory, research, service, and marketing activities, keeping him on the leading edge of strategic initiatives in the industry's fastest-growing businesses. 
Chip talks with Jack about what to expect at the Tiburon CEO Summits in Boston, the top four trends in wealth and investment management, and what RIAs will look like in the future.
 
Key Takeaways

[01:07] - An overview of Chip’s career in wealth management.

[02:08] - What prompted Chip to establish Tiburon Strategic Advisors and Tiburon CEO Summits.

[06:46] - What to expect at the Tiburon CEO Summits in Boston.

[09:00] - The top four trends Chip is focusing on.

[14:52] - How robo-advisors are doing exceptionally well.

[17:32] - Chip’s thoughts on the trend of company and asset acquisitions.

[19:36] - Why organic growth is critical to the RIA channel.

[24:28] - What RIAs will look like in the future.

[25:36] - Chip’s three key takeaways.

[28:05] - What Chip enjoys outside of work.


Quotes
[09:28] - "I think the Gen X consumer is the big opportunity for the next 10 years. When you work your way through the data, you realize Gen X will save and invest more money than will baby boomers and millennials combined in the next 10 years. There's a lot of buzz about millennials and how they're so influential and all that, but in dollars and cents in the next 10 years, there's a lot about the Gen X investor." - Chip Roame 
[18:22] - "A lot of firms have just discovered how fast the RIA market is growing and then they're doing one of three things. They're either going to be the RIA, they're going to be a custodian to the RIA, or they're going to be a bigger product provider to the RIA." -  Chip Roame
[27:49] - "I don't think small advisors are really as threatened as everyone says they are. I do believe in consolidation. I don't believe that small advisors are in trouble." - Chip Roame
 
Links 

Chip Roame on LinkedIn

Tiburon Strategic Advisors

Tiburon CEO Summits

McKinsey

Charles Schwab

M Financial Group

Paul Hastings

Skip Schweiss

TD Ameritrade Institutional

Fiserv

Walt Bettinger

Joe Mansueto

Morningstar

Robert Reynolds

Fidelity Investments

Mark Casady

LPL Financial

Mark Hoffman

Vanguard

Money Management Institute

Merrill Lynch

Mercer

Edelman Financial Engines

Captrust

Goldman Sachs

NextCapital

Morgan Stanley

Solium Capital (now Shareworks by Morgan Stanley)

E*Trade

Empower Retirement

Vestwell

BlackRock

Folio Investing

Focus Financial Partners

CI Financial

Wells Fargo

Scott Hanson

Allworth Financial

Craig Wietz

First Rate

Tiburon Impact Adventures

Skip and Chip’s and Excellent Adventure


Connect with our hosts

LifeYield

Jack Sharry on LinkedIn

Jack Sharry on Twitter


Subscribe and stay in touch

Apple Podcasts

Spotify

LinkedIn

Twitter

Facebook

Wealth and investment management are constantly evolving industries, with new technologies, strategies, and trends emerging every day.  In order to stay ahead of the curve, advisors need to be aware of the key drivers shaping the landscape. 
In today’s episode, Jack talks with Chip Roame, Founder and Managing Partner of Tiburon Strategic Advisors, and the Tiburon CEO Summits. Prior to forming Tiburon in 1998, Chip served as a management consultant at McKinsey & Company, and later as a business strategist at The Charles Schwab Corporation. In his current role, Chip is responsible for all of Tiburon's advisory, research, service, and marketing activities, keeping him on the leading edge of strategic initiatives in the industry's fastest-growing businesses. 
Chip talks with Jack about what to expect at the Tiburon CEO Summits in Boston, the top four trends in wealth and investment management, and what RIAs will look like in the future.
 
Key Takeaways

[01:07] - An overview of Chip’s career in wealth management.

[02:08] - What prompted Chip to establish Tiburon Strategic Advisors and Tiburon CEO Summits.

[06:46] - What to expect at the Tiburon CEO Summits in Boston.

[09:00] - The top four trends Chip is focusing on.

[14:52] - How robo-advisors are doing exceptionally well.

[17:32] - Chip’s thoughts on the trend of company and asset acquisitions.

[19:36] - Why organic growth is critical to the RIA channel.

[24:28] - What RIAs will look like in the future.

[25:36] - Chip’s three key takeaways.

[28:05] - What Chip enjoys outside of work.


Quotes
[09:28] - "I think the Gen X consumer is the big opportunity for the next 10 years. When you work your way through the data, you realize Gen X will save and invest more money than will baby boomers and millennials combined in the next 10 years. There's a lot of buzz about millennials and how they're so influential and all that, but in dollars and cents in the next 10 years, there's a lot about the Gen X investor." - Chip Roame 
[18:22] - "A lot of firms have just discovered how fast the RIA market is growing and then they're doing one of three things. They're either going to be the RIA, they're going to be a custodian to the RIA, or they're going to be a bigger product provider to the RIA." -  Chip Roame
[27:49] - "I don't think small advisors are really as threatened as everyone says they are. I do believe in consolidation. I don't believe that small advisors are in trouble." - Chip Roame
 
Links 

Chip Roame on LinkedIn

Tiburon Strategic Advisors

Tiburon CEO Summits

McKinsey

Charles Schwab

M Financial Group

Paul Hastings

Skip Schweiss

TD Ameritrade Institutional

Fiserv

Walt Bettinger

Joe Mansueto

Morningstar

Robert Reynolds

Fidelity Investments

Mark Casady

LPL Financial

Mark Hoffman

Vanguard

Money Management Institute

Merrill Lynch

Mercer

Edelman Financial Engines

Captrust

Goldman Sachs

NextCapital

Morgan Stanley

Solium Capital (now Shareworks by Morgan Stanley)

E*Trade

Empower Retirement

Vestwell

BlackRock

Folio Investing

Focus Financial Partners

CI Financial

Wells Fargo

Scott Hanson

Allworth Financial

Craig Wietz

First Rate

Tiburon Impact Adventures

Skip and Chip’s and Excellent Adventure


Connect with our hosts

LifeYield

Jack Sharry on LinkedIn

Jack Sharry on Twitter


Subscribe and stay in touch

Apple Podcasts

Spotify

LinkedIn

Twitter

Facebook

30 min