Seeking Risk: The Fab Rick Show

Ashvin Chhabra, President of Euclidean Capital, joins Rick to discuss wealth management for individual investors. They explore the intersection between finance and science, the evolution of financial planning and portfolio management, and the concept of the third bucket in individual risk management. They also emphasize the importance of understanding individual behavior in investments and the need for personalization in wealth management.

Rick Bookstaber is joined by Ashvin Chhabra, President of Euclidean Capital, to discuss the intersection between finance and science, complexity theory, chaos theory, and the role of complexity in financial markets. They explore the similarities between finance and physics, analyze the challenge of distinguishing between human and computer intelligence, and highlight the impact of human behavior on the financial system.

On this episode of Seeking Risk: The Fab Rick Show, Rick is joined by Doug Evans and Thomas Raymond from the Callan Family Office. In addition, Fabric’s co-founder and CEO, Govinda Quish will accompany Rick as a host. Together the four discuss partnership, using technology to mitigate risk, innovation in the wealth management space, and planning for future generations. Callan Family Office is an independent firm, fully focused on delivering precise and objective counsel to families, foundations, and institutions. The firm was founded by highly credentialed professionals and leverages the investment insight, research, and opportunities of Callan LLC, a leading independent investment consulting firm serving institutional and investment advisor clients with more than $3 trillion in assets under management. Doug Evans, in his role as Chief Investment Officer, leads Callan Family Office's rigorous investment process comprised of research, investment strategy, portfolio construction, and risk management. Additionally, he plays a crucial role as a vital connection between the firm and the esteemed Callan Institute. Before Callan Family Office, Doug was the executive Vice President and Head of Investments for Abbot Downing. He served on Wells Fargo's Global Investment Strategies and Global Investment Risk committees, which had oversight of 2+ trillion assets. He completed his master's degree in business and economics from The University of California Santa Barbara. With over two decades of experience in the wealth management industry, Tom Raymond brings substantial knowledge to Callan Family Office. Tom is an active member of the investment strategy team, with a focus on asset allocation decisions. He brings his wealth management expertise to Callan Family Office after his time at Abbot Downing, Wells Fargo's ultra-high-net-worth practice, where he dedicated over 15 years of his career. Prior to Abbot Downing, Tom spent five years at Wilmington Trust's wealth advisory group as an investment officer and the main architect for his client portfolios. Tom earned his undergraduate degree from the University Park campus of Penn State.

On this episode of Seeking Risk: The Fab Rick Show, Rick is joined by Shannon Rosic to discuss the balance between technology and demographic changes that wealth advisors will encounter as the future of the industry shifts.  Fabric’s co-founder and CEO, Govinda Quish will join Rick as a host. Govinda’s career has focused on roles in family offices, most recently for a multi-billion dollar family office in Zurich. Shannon Rosic is the Director of WealthStack Content and Solutions at Informa Connect. In this role, Ms. Rosic supports and drives the omni-channel growth and development of WealthStack, the fastest growing and most credible event dedicated to technology in the Wealth Management industry.  She also serves as the market-facing representative for the group, and regularly hosts webinars, podcasts, and video series. She has spent her career in the Wealth Management space, specifically helping media firms and fintech companies grow their marketing initiatives. Known in the industry as “Gadget Girl” from her time at InvestmentNews, her passion is brand storytelling, and designing a cohesive experience through creative marketing efforts. She holds a B.A. in Mass Communication from Miami University. Outside of work, you can find her barrel racing at local rodeos, skiing, hiking with her 2 dogs and enjoying all that Colorado has to offer.

Jean-Philippe Bouchaud, expert in combining physics and finance, discusses disciplined applications for random matrix theory, scenario generation with agent-based models, and lost decades. They explore the challenges of measuring correlations, the use of shrinkage methods and random matrix theory. They highlight the importance of agent-based models in understanding complex systems in fields like traffic flow and financial markets. They delve into risk in financial markets, including fat tails in distribution, stylized facts, and limitations of a physics-based approach. They also discuss modeling the world, examining collective effects and cognitive biases, and analyzing risk through a historical lens.

With Meb Faber On this episode of Seeking Risk: The Fab Rick Show, Rick is joined by Meb Faber. To take advantage of Meb’s broad range of insights in the investment and wealth management space, Fabric’s co-founder and CEO, Govinda Quish will join Rick as a host. Govinda’s career has focused on roles in family offices, most recently for a multi-billion dollar family office in Zurich. Meb Faber is a co-founder and the Chief Investment Officer of Cambria Investment Management, as well as a manager of Cambria’s ETFs and separately managed accounts. He is a thought leader in the wealth management space, the author of numerous white papers and books and frequent speaker and writer on investment strategies, with his thoughts featured in major publications including Barron’s, The New York Times, and The New Yorker. Meb’s podcast, The Meb Faber Show, is a staple for many investors. (Rick has had the opportunity to be a guest). And we have a brush with history because this podcast will be coming out on the tenth anniversary of Meb’s first podcast!

Join Rick Bookstaber and Tim Kochis as his guest as they discuss timeframes for individuals versus institutions, static risk tolerance questionnaires, and how to rehearse for bad events.    Tim Kochis is the CEO of Kochis Global and the former CEO and chairman of Aspiriant. He has five decades of professional finance experience. He is a prominent figure in the wealth management space having served as president of The CFP Board of Standards and as chair of the Financial Planning Standards Board and as a trustee of the Charles Schwab Investment Management Mutual Funds and ETF’s Board.   He serves on a number of boards including the Asia Foundation, 1990 Institute, the Asian Art Museum and the University of San Francisco.     Kochis earned an MBA from the University of Chicago, a JD from the University of Michigan, and his undergraduate degree from Marquette University. Kochis served in the US Army with a tour of duty in Vietnam, where he received a Purple Heart for wounds received in action.   Rick and Tim have co-authored articles in FA Magazine that provide an in-depth view of many of the topics in their podcast:   Goals Based Portfolios ‘Rehearsing Future Risk Scenarios’ Scissors Vs. Knives The Key Boundaries of Portfolio Risk  

On the second episode of Seeking Risk: The Fab Rick Show, Rick is joined by Jacob Tamme. They discuss Jacob’s NFL background, the risk narrative and Jacob’s advisory approach.    Jacob Tamme is the director of the sports and entertainment division of Meridian Wealth Management, and RIA based in Lexington, Kentucky.   Jacob knows a lot about sports.   He played football at University of Kentucky, where he was inducted in the university’s Athletic Hall of Fame, and was the SEC Scholar Athlete of the Year.   He was picked in the fourth round of the 2008 NFL draft by the Colts, and played tight end for nine years for the Colts Broncos, and Falcons. Jacob is one of few players to have played in three Super Bowls for three different teams.   In addition to his wealth management career, Jacob and his wife Allison own Tamme Valley Farm, a registered Angus seedstock operation, co-founded the Swings for Soldiers Class 2010 and have three kids: Luke, Lyla and Ella.   Head to FabricRisk.com, where you can explore the resources shared on this show, connect with Rick, and set up a time to demo the Fabric software.  

On the inaugural episode of Seeking Risk: The Fab Rick Show, Rick is joined by Ashby Monk to discuss the move from an institutional to an asset owner focus, and the “technology superheroes” – technology and data – that form the foundation for meeting the specific needs of financial advisors. Dr. Ashby Monk is currently a Senior Research Engineer, School of Engineering at Stanford University and holds the position of Executive Director of the Stanford Research Initiative on Long-Term Investing. He is the author of The Technologized Investor, which won the 2021 Silver Medal from the Axiom Business Book Awards. He also is the Head of Research at Addepar and serves on the firm’s leadership team. Ashby received his Doctorate in Economic Geography at the University of Oxford, holds a Master’s in International Economics from the Université de Paris 1 - Pantheon Sorbonne, and has a Bachelor’s in Economics from Princeton University. Head to FabricRisk.com, where you can explore the resources shared on this show, connect with Rick, and set up a time to demo the Fabric software.