Making Markets Robbie Cannon: The Evolution of Asset Management - [Making Markets, REPLAY]
Jun 6, 2025
In this engaging discussion, Robbie Cannon, founder of Horizon Investments, shares his expertise on the asset management world. He reflects on the industry's evolution over the past 25 years, highlighting the blurring lines between wealth and asset management. The conversation dives into the rise of robo-advisors, the challenges posed by private equity, and the transformative role of technology and AI. Robbie emphasizes how these shifts create both opportunities and obstacles for financial advisors, ultimately aiming to empower clients in today's complex financial landscape.
AI Snips
Chapters
Transcript
Episode notes
Pandemic-Timed Company Sale
- Robbie Cannon shared how selling Horizon Investments coincided with the pandemic's start, complicating the deal.
- Despite challenges, the buyer honored the price, and the sale ended positively for the team.
Blurring Lines in Finance
- The lines between wealth management and asset management have blurred with integrated services.
- The industry evolved from stock-centric to planning and advice-centric, aided by quantitative finance and technology.
Shift to Open Financial Systems
- Financial services is transitioning from closed, institution-centric to open, individual-centric systems.
- Institutions resist integration, but open systems will ultimately prevail, empowering individual clients.