RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

From a Wall Street perch, Chip Roame imparts wry skepticism anaerobically at Tiburon CEO Summit of 2013, spring edition

The independent channel is booming -- but objects in the mirror may still be in front of you, the Tiburon guru warns

Author Dina Hampton April 10, 2013 at 4:51 AM
2 Comments
no description available
Like the almost-completed Freedom Tower, as seen from the Ritz-Carlton at Battery Park, the RIA channel continues to grow in Wall Street's backyard.

Conferences

|

Women of Wealth Management


Elmer Rich III

Elmer Rich III

April 10, 2013 — 6:44 PM

35 fundamental trends!? That’s way too many.

I see no mention of independently validated research or data!? How do you discuss opinions?

“I like the color brown”
“OK, well I like blue.”
End of conversation.

For example, “Roame argues that there’s a shift of power to the discount broker because “the guy closest to the client wins every time.”” OK, how can we verify this? if we can’t verity should we spend any time thinking about it?

So one of the top consultants in the industry, speaking to a gathering of senior leaders when commenting on one of the key products, SMA, says: “They suck,”!? Gee, I want that job!

Not really. Swapping opinions is uninteresting.

Did he not mention the “F” word – fiduciary?

Marie Swift

Marie Swift

April 15, 2013 — 7:40 PM

Wow, Dina. You did an awesome job capturing the tone and content of the Roame presentation last week. I was in the room and heard everything you did. Nice job on the recap and thanks for adding your perspective.


Related Moves

February 8, 2023 at 3:03 AM

Marc Spilker adds Matt Brinker as chess piece -- and partner -- in what he calls a 'very selective' talent add to build platform-for-RIA platforms outside Wall Street

Merchant Investment Management's executive chairman wants good people good at their job and Brinker likes having a breakaway Goldman partner rather than one captive to the Wall Street giant.

January 15, 2020 at 2:42 AM

Goldman Sachs & Co. appoints Rachel Schnoll to yank off United Capital band-aid that Joe Duran didn't -- making FinLife work with non-UC applications

The New York-based investment bank has the cash and people to do the combinations -- especially Goldman software -- that the roll-up's founder couldn't afford or didn't want to advantage

November 8, 2019 at 4:52 AM

Goldman Sachs closes United Capital deal and Matt Brinker, Joe Duran's wingman, exits with social media swan song on same day

The M&A chief's departure from the Newport Beach, Calif. roll-up may signal that its rolling-up days are over

July 18, 2019 at 6:13 PM

See more related moves

Mentioned in this article:

Tiburon Strategic Advisors
Asset Manager for RIAs
Top Executive: Charles Roame

United Capital Financial Advisers
RIA Welcoming Breakaways
Top Executive: Joe Duran



RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo

White Paper Postings


Common Tags


Recent Articles


Popular Writers


RIABiz logo

RIABiz

About Us

Directory

Archives

Connect

RIABiz, Mill Valley, California
Copyright © 2009-2024 RIABiz Inc. All rights reserved.