RIA CEO Convergence
JUNE 7-9 | THE BROADMOOR HOTEL | COLORADO SPRINGS, CO
A unique, exclusive private event, by invitation only,
for open discussion and bond-building.
Wednesday, June 7
|5pm||Cocktail Reception and Dinner|
Thursday, June 8
|8-9am||The State of the Wealth Management Industry – Jimmy Zhao, McKinsey|
A decade of favorable macroeconomic conditions and relatively easy growth helped the US wealth industry nearly double from $141B revenues in 2012 to $246B in 2021. That trend reversed course in 2022, creating a new urgency for wealth managers to search for both margin and growth. This discussion will share McKinsey’s latest research, including: How are institutions investing to win with clients and advisors, how are firms unlocking margin and scale, and what are the lessons learned from 2008 for the industry.
Jimmy Zhao leads McKinsey’s Wealth and Private Equity division. He serves leading U.S. wealth managers on growth strategy and productivity topics – including wirehouses, IBDs, bank-owned wealth businesses, and RIAs. His client work includes advisor value proposition, recruiting and retention; RIA growth strategy services; and M&A integration.
|9-10am||Discussion: M&A and Private Equity|
|10:30-10:45am||Trends in Wealth Management 1: Crypto Attitudes And Use Cases; Use In Portfolio – presented by Hunter Horsley, CEO, Bitwise|
|10:45-11:45am||Discussion: C-Suite Development|
|11:45-12pm||Trends in Wealth Management 2: Custom indexing – presented by Eric Clarke, CEO, Orion|
|1-5pm||Guided Hike: Garden of the Gods Park is a National Natural Landmark, featuring 300-foot rock formations and views of Pikes Peak. The world-class Museum is the most visited attraction in the region.|
|6pm||Cocktails and Dinner|
Friday, June 9
|8-8:15am||Future Plans of RCC|
|8:15-8:30am||Trends in Wealth Management 3: XXX, presented by Invesco|
|8:30-9:30am||Discussion: Helping Your Advisors Grow Their Practice|
|9:30-9:45am||Trends in Wealth Management 4: XXX, presented by Franklin/Templeton|
|11:30-12:30pm||Discussion: Personal Succession|
Agenda subject to change
Rules of Conduct
The RIA CEO Convergence is a private, invitation-only event, featuring CEOs from the nation’s largest RIAs. The agenda has been created by and for the participating CEOs.
This event is a small, intimate gathering, allowing discussion of topics that are of unique concern, interest and relevance to all of us. We’ll be seated at a boardroom or open-square table, with no head – quite appropriate considering the caliber of the participants. This setting will facilitate open and frank conversation.
No one other than the CEOs will be present at the sessions. Invited speakers will be present only during their presentations (with the exception of McKinsey’s Jimmy Zhao, who has been invited to stay for the entire event).
In order for us all to gain the most benefit, we need to engage with the following rules in mind:
- What is said in the room stays in the room.
- We are to share experiences, not advice. Instead of, “You should do this,” say, “When I was faced with X, here’s what I did/wish I did/saw others do.” This approach can be challenging for us, since we’re accustomed to telling people what to do. Thus, we must remember that we are in a room of peers, not subordinates. Here are two tips to help us all stick to this approach:
- Speak in first person: “Here’s what I did.” Avoid second person: “You should…”
- Use feel/felt/found.
- “I know how you feel.” [provide elaboration]
- “Here’s how I felt when I was faced with [situation].”
- “Here’s what I found out.” [explain]
- Be authentic, open and vulnerable, not dictatorial or authoritative. If we’re willing to deeply share our thoughts, feelings and experiences, we’ll all derive greater value from the gathering.
- We must be willing to:
- admit when we’re questioning our own competence, priorities or decisions;
- share our disappointments, regrets and dilemmas; and
- speak candidly about positive opportunities and successes.
Those who help people form study groups say the best ones foster listening, noticing, reflecting, and inquiring, as well as compassion, empathy and vulnerability – and no one hogs the stage. Engagement from all is essential, ensuring efficient, equitable and effective dialogue.
How will we know if we achieve these goals? We’ll leave the event with new and deeper friendships than when we arrived.
Casual dress throughout the event, with appropriate attire for the hike.
(This list is confidential)
Savant Wealth Management
$15 billion AUM
Boca Raton, FL
$13 billion AUM
Mill Creek Capital Advisors
$10 billion AUM
President & CEO
Sequoia Financial Group
$10 billion AUM
Private Advisor Group
$33 billion AUM
The Colony Group
$17 billion AUM
CEO and President
1919 Investment Counsel
$21 billion AUM
CEO & Chairman
$140 billion AUM
Dynasty Financial Partners
St. Petersburg, FL
$68 billion AUM
Founder & Managing Partner
Summit Trail Advisors
New York, NY
$12 billion AUM
Co-Chairman and Founder
$28 billion AUM
$40 billion AUM
About The Broadmoor
1 Lake Avenue
Colorado Springs, CO 80906
The Broadmoor is easily accessible by car.
Colorado Springs Airport is 9 miles/15 minutes from The Broadmoor
Denver International Airport is 90 miles/90 minutes from The Broadmoor
Transportation services from both airports is available through Gray Line Transportation. Reservations are required at least 48 hours in advance.