Month: June 2024
Shannon Eusey: Why Scale is Critical to Success in Wealth Management

Shannon Eusey: Why Scale is Critical to Success in Wealth Management

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In this episode of “Focused on the Future,” Suzanne Siracuse interviews Shannon Eusey, Founder and CEO of Beacon Pointe Advisors. Shannon opens up about her unique journey, starting from her childhood experiences as the only girl on all-boys sports teams, shares her top 5 trends in wealth management, and discusses why scale is crucial for future success. 

Key discussion points include:

  • How her childhood experiences in sports lead her to break down barriers in her career.
  • The pivotal moment when an assignment, while getting her MBA,  became the catalyst for founding Beacon Pointe Advisors. 
  • How being a woman in a predominantly male industry has shaped how she runs her business.
  • Her firm’s proactive strategies for better-serving women investors.
  • Beacon Pointe’s non-cookie-cutter approach to achieving organic growth.
  • Why scale gives you access to the best tech and talent.
  • How her firm is leveraging AI across various functions, from compliance to HR to marketing.

Join Suzanne and Shannon and get ready to be inspired!

 

Connect With Suzanne Siracuse:

Connect with Shannon Eusey:

About Shannon Eusey:

Shannon is the Chief Executive Officer of Beacon Pointe Advisors (“Beacon Pointe”), which she founded in 2002. Beacon Pointe is one of the largest Registered Investment Advisory (RIA) firms specializing in full-service financial planning and research-driven investments, partnering with institutions, retirement-sponsored plans, and private clients. Today, the firm has more than $30 billion in assets under advisement, with more than 55 offices and 500 employees nationwide. 

Through Shannon’s passion for financial education, she is a founding member of the Beacon Pointe Women’s Advisory Institute (founded in 2011), and Beacon Pointe Advisors is proudly the largest female-led RIA in the nation. She also co-authored Your Dollars, Our Sense, an International Best Seller, having ranked #1 in six business and finance categories. Beyond her corporate achievements, Shannon actively serves or has served on numerous boards, including Banc of California, Viewpoint Ventures, Young Presidents Organization (YPO) Orange County Chapter, the Charles Schwab Advisor Council, the TD Ameritrade Advisory Council, CNBC Financial Advisory Council, as well as the UCI Athletic Fund Board, Sisters of St. Joseph in Orange, and the Trustee for the Friends of the Girl Scout Council of Orange County.

Shannon and Beacon Pointe have collectively been recognized for many achievements, showcasing the success of Shannon’s career and the firm’s accomplishments. Some of these recent accolades include:

  • Barron’s Top 100 RIA Firms
  • Barron’s Top 100 Women Financial Advisors 
  • Forbes America’s Top Women Wealth Advisors
  • InvestmentNews Women to Watch of 2020
  • Worth Magazine’s 50 Women Changing the World
  • Top Wealth Advisor Moms by Working Mother Magazine
  • Financial Advisor Magazine Top RIAs
  • Forbes 100 Fastest Growing RIAs
  • Financial Times 401 Top Retirement Plan Advisers
  • UC Irvine Lauds & Laurels Award Recipient 

Prior to founding Beacon Pointe Advisors, Shannon played a pivotal role in Roxbury Capital’s Private Client Group, overseeing investment policy, asset allocation, and equity strategy. She also managed Roxbury’s Socially Responsible Investments Team and contributed to the firm’s strategic direction as a member of Roxbury’s Management Committee. 

Shannon earned her MBA from UCLA’s Anderson School of Management and her undergraduate degree from UC Irvine, where she also played on the Women’s Volleyball Team. She resides with her husband in Newport Beach, California, where they raised their four children.

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Dr Vinay Nair: AI and Embracing Reinvention

Dr Vinay Nair: AI and Embracing Reinvention

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In this episode of “Focused on the Future,” Suzanne Siracuse interviews Dr. Vinay Nair, Founder of Tifin, about the current landscape of AI and its implications for the wealth management industry. They delve into various facets, including the opportunities and challenges AI presents, and the importance of adaptability for achieving success. Dr. Nair offers insights and advice for advisors and firm owners on leveraging AI to their advantage without feeling overwhelmed by rapid advancements.

Key points from the discussion include:

  • Dr. Nair’s Journey: Transitioning from an academic background to becoming a fintech founder
  • Advice on Embracing AI: He emphasizes the necessity for advisors and firm owners to embrace AI technologies, highlighting that those who are open to reinvention and innovation are more likely to succeed.
  • Productionizing AI: Dr. Nair discusses the process of implementing AI in practical, scalable applications within the financial industry.
  • Open Source vs. Proprietary Models: A comparison of open source foundation models and proprietary models 
  • Tifin’s Focus: The future directions and priorities for Tifin
  • Surprising Takeaway: He shares a surprising key takeaway that underscores the importance of people.

Connect With Suzanne Siracuse:

Connect with Dr. Vinay Nair:

About Our Guest:

Dr. Vinay Nair is the Founder and CEO of TIFIN, a fintech platform that drives personalization for wealth using AI and investment intelligence. TIFIN operates a collection of fully-owned subsidiaries in wealth and investments that are shaping the future of investor experience. He was also the Founder and Chairman of 55ip, which was successfully sold to J.P. Morgan. Vinay serves on multiple boards including Chairman of full-service fund administrator platform Paralel Technologies and as part of the Board of Advisors for the Center for Leadership at the University of Colorado Boulder.

A serial entrepreneur, investor, and academic, Vinay has taught at several business schools, has a portfolio of venture investments, and has started several companies in financial services. He started his career as a finance faculty member at The Wharton School. After launching and managing a quantitative hedge fund which led him to start 55ip, he started TIFIN to tap into the potential that science and technology have to deliver better investor experiences and outcomes. He continues to teach in the Wharton Executive Education Programs.

As a former finance faculty member at Wharton, with teaching experience at schools such as MIT and Columbia, he focuses on venture capital, private equity, and entrepreneurship. He is also a recognized expert in the areas of sustainable and responsible investing and has written “Investing for Change”, a book published in 2008 by Oxford University Press. His academic background includes a Ph.D. in Financial Economics from the Stern School of Business at NYU with an award for the best thesis, and a Bachelor of Technology from the Indian Institute of Technology, Madras with the Governor’s Gold Medal, an award for all-round excellence.

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