Tiburon CEO Summit XXXI October 12, 2016 Tiburon Serving Others Adventure 1.0 Scott Hanson (Co-­CEO, Hanson McClain) Scott Hanson is senior partner and founding principal of Hanson McClain and a CERTIFIED FINANCIAL PLANNER™ practitioner. A nationally recognized financial expert, he has been named to Barron’s list of the Top 100 Independent Wealth Advisors1 in America for the past six years and has been listed as one of the 25 most influential people in the financial services industry nationwide2. Scott provides commentary to numerous media outlets on a regular basis and is a regular contributor to CNBC. Scott serves on the boards of both the Pride Industries Foundation and the Luis Palau Association. In 2010, he was recognized as Outstanding Philanthropist by the Association of Fundraising Professionals, California Capital Chapter, and has received the Distinguished Alumni Award from his alma mater, California State University, Chico. A running and c ycling enthusiast, Scott has completed the W estern States 100 mile endurance run, the Iron Man triathlon, and numerous triple century bike rides. Mr. Hanson recent comments include: There are three reasons why it's a bad idea to use retirement accounts for college expenses. 1. There will likely come a day when you really need the money. I realize that many people today are postponing retirement, while others don't want to ever stop working. But the fact is, as many as one 1 out of 2 of us will be forced to retire earlier than we'd planned. 2. You'll miss out on the miracle of compound interest.Let's assume you are 50 years old and plan on working another 15 years. A $10,000 withdrawal from your retirement account could cost you twice that much. W hy? Because of the lost opportunity of having the money grow over that time frame. 3. The taxes and penalties on early withdrawals are outrageous.The taxation of withdrawals from retirement plans, such as a 401(k), can be quite tricky. Tiburon CEO Summit XXXI October 12, 2016 Tiburon Serving Others Adventure 1.0 Aaron Klein (CEO, Riskalyze) Aaron’s career has largely been at the intersection of finance and technology. As Co-­Founder and CEO at Riskalyze, he led the company to twice being named one of the world’s top 10 most innovative companies in finance by Fast Company Magazine. Today, 90 Riskalyzers serve thousands of advisors who manage over $90 billion on the platform. In his spare time, Mr. Klein serves as a Sierra College Trustee, and co-­founded a school project for orphans and vulnerable kids in Ethiopia. He has been honored by Investment News as one of the industry’s top 40 Under 40 executives. Mr. Klein’s recent comments have included:      "Advisors today are spending 50, 60, 70 basis points on their clients’ money trying to manually manage the money and provide all of that client service. W hat Is incredible about Autopilot is that for 25 basis points that advisor gets to put all of their hassles of their business on autopilot – the trading;; the rebalancing;; the client-­service calls, you know, the pedestrian client-­service calls to liquidiate some money, withdraw some money, and transfer some money in. They get to put all of that on autopilot, and they get to get back to focusing on their clients and running their business” “If advisors want to recommend products with variable compensation instead of flat compensation, they will still have to prove that they are acting in a client’s best interests, and they will be exposed to massive litigation risk if they fail to do so,” "When advisors have gone in to advise on a 401K plan they [are] usually … only focusing on the 5% of participants who have a lot of outside assets, but, with the Autopilot platform that advisor can profitably serve every single plan participant, which means every one of them is going to get higher quality advice overall. We think that is really important for advisors." "We went from the denial stage where advisors refused to believe it would affect their business to the alarmist stage, which we are in now, where suddenly they believe they have to become robo-­advisors to survive. But we cannot out-­robo the robo-­advisors. In the race to depersonalize the investor experience, the venture capital-­backed money will win." "Advisors say they want simplicity, and then they send us requests on a monthly basis to make it more complicated. We simply say no, because at the end of the day they still want simplicity, and it is something they love us for. Tiburon Impact
Adventure 1.0
Connecting First World Finance with
Developing World Needs
Ethiopia January 15-18
Purpose
• Impact on You:
• First-hand exposure to issues and remedies
• Fresh perspective
• Softened heart
• Impact on Others:
• Opportunity to partner
• Provide tools and resources
• Change communities
Details
• Leave Friday, January 13th
• Two days on-site visit at school and project
• One day other visits in Addis
• Depart Wednesday, January 18th
• Optional add-ons
• Safari
• Tours
• Other charitable projects
• Limited to 15 people
• See Aaron Klein, Scott Hanson or Chip for more
details