While the economy has improved in many ways this year, persistent challenges remain – inflation risks, fears of a possible recession in 2024, the possibility of more central bank rate hikes. But as many advisors know, remaining resilient – having the capacity to not only withstand but recover quickly from difficulties – is the key to long-term success. It’s not just about weathering storms but being ready to come back strong when they pass.
In this edition of the Financial Advisor Summit, CNBC will talk with top advisors, investors, market experts, technologists, and economists about what advisors can do now to position their clients for the best possible outcomes as we head into the last quarter of 2023, and face the unknown in 2024.
This event has been approved for 4.5 CFP Continuing Education Credits.
To read more about CNBC’s list of top-rated financial advisory firms, visit us here.
Jeffrey Smith is a Managing Member, Chief Executive Officer and Chief Investment Officer of Starboard Value LP. Prior to founding Starboard Value LP, Mr. Smith was a Partner Managing Director of Ramius LLC, a subsidiary of the Cowen Group, Inc., and the Chief Investment Officer for the funds that comprised the Value and Opportunity investment platform. Mr. Smith was also a member of Cowen’s Operating Committee and Cowen’s Investment Committee. Prior to joining Ramius in January 1998, he served as Vice President of Strategic Development and a member of the Board of Directors of The Fresh Juice Company, Inc. Mr. Smith began his career in the Mergers and Acquisitions department at Société Générale. Mr. Smith is currently on the Board of Ritchie Bros. Auctioneers Incorporated. Mr. Smith was formerly Chair of the Board of Papa John’s International, Inc., Starboard Value Acquisition Corp., Advance Auto Parts, Inc., Darden Restaurants, Inc. and Phoenix Technologies Ltd. and formerly on the Boards of Cyxtera Technologies, Inc., Perrigo Company plc., Yahoo! Inc., Quantum Corporation, Office Depot, Inc., Regis Corporation, Surmodics, Inc., Zoran Corporation, Actel Corporation, Kensey Nash Corp., S1 Corp and the Fresh Juice Company. Mr. Smith graduated from The Wharton School of Business at The University of Pennsylvania, where he received a B.S. in Economics.
Cathie registered ARK Investment Management LLC (“ARK”) as an investment adviser with the U.S. Securities and Exchange Commission in January 2014. With over 40 years of experience identifying and investing in innovation, Cathie founded ARK to focus solely on disruptive innovation while adding new dimensions to research. Through an open approach that cuts across sectors, market capitalizations, and geographies, Cathie believes that ARK can identify large-scale investment opportunities in the public markets resulting from technological innovations centered around DNA sequencing, robotics, artificial intelligence, energy storage, and blockchain technology. As Chief Investment Officer (“CIO”) and Portfolio Manager, Cathie led the development of ARK’s philosophy and investment approach and has ultimate responsibility for investment decisions.
Prior to ARK, Cathie spent twelve years at AllianceBernstein as CIO of Global Thematic Strategies where she managed over $5 billion. Cathie joined Alliance Capital from Tupelo Capital Management, a hedge fund she co-founded, which in 2000, managed approximately $800 million in global thematic strategies. Prior to her tenure at Tupelo Capital, she worked for 18 years with Jennison Associates LLC as Chief Economist, Equity Research Analyst, Portfolio Manager and Director. She started her career in Los Angeles, California at The Capital Group as an Assistant Economist. Cathie received her Bachelor of Science, summa cum laude, in Finance and Economics from the University of Southern California in 1981.
Cathie has been recognized as an influential fund manager across various outlets. In 2018, editors at Bloomberg acknowledged Cathie by selecting her to its second annual Bloomberg 50 list of people across business, entertainment, finance, politics, technology, and science who have defined global business. Additionally, Fortune named Cathie to its exclusive roundtable of experts in the annual Fortune Investors Guide: The Best Investing Advice for 2019 From Fortune’s Experts. In 2016, Cathie received the “Women in Finance – Outstanding Contribution Award” from Market Media. Cathie also has been a featured speaker at the World Economic Forum (China) in 2016 & 2017, the World Strategic Forum (Miami) in 2017, The Sohn Hearts and Minds Investment Leaders Conference (Australia) in 2018 and 2019, and Singularity University’s Exponential Finance in 2017 and Global Summit in 2019.
In 2018, Cathie launched the Duddy Innovation Institute at her alma mater, Notre Dame Academy in Los Angeles. The institute offers a challenging educational experience for young women eager to stretch their learning beyond the boundaries of traditional acquisition of knowledge, while influencing a new way of thinking and learning throughout campus.
At the end of 1991, following 25 years of service, Leon Cooperman retired from his positions as a General Partner of Goldman Sachs & Co. and as Chairman and Chief Executive Officer of Goldman Sachs Asset Management to organize and launch an investment-management business, Omega Advisors, Inc.
At Goldman Sachs, Cooperman spent 15 years as a Partner and one year (1990-1991) as of-counsel to the Management Committee. In 1989, he became Chairman and Chief Executive Officer of Goldman Sachs Asset Management and Chief Investment Officer of the firm's equity product line, managing the GS Capital Growth Fund, an open-end mutual fund, for one-and-a-half years. Prior to those appointments, Cooperman had spent 22 years in the Investment Research Department as Partner-in-charge, Co-Chairman of the Investment Policy Committee and Chairman of the Stock Selection Committee. For nine consecutive years, he was voted the number- one portfolio strategist in Institutional Investor Magazine's annual "All-America Research Team" survey.
As a designated Chartered Financial Analyst, Cooperman is a senior member and past President of the New York Society of Security Analysts. He is Chairman Emeritus of the Saint Barnabas Development Foundation, a member of the Board of Overseers of the Columbia University Graduate School of Business, a member of the Board of Directors of the Damon Runyon Cancer Research Foundation, a member of the Investment Committee of the New Jersey Performing Arts Center, and Board Chairman of Green Spaces, a committee organized to rebuild 13 parks in Newark, NJ.
Cooperman received his MBA from Columbia Business School and his undergraduate degree from Hunter College. He is a recipient of Roger Williams University's Honorary Doctor of Finance; a recipient of Hunter College's Honorary Doctor of Humane Letters; an inductee into Hunter College's Hall of Fame; and a recipient of the 2003 American Jewish Committee (AJC) Wall Street Human Relations Award, the 2006 Seton Hall Humanitarian of the Year Award, the 2009 Boys & Girls Clubs of Newark Award for Caring, and the 2009 UJA-Federation of New York's Wall Street and Financial Services Division Lifetime Achievement Award. In 2013, Cooperman was inducted into Alpha Magazine's Hedge Fund Hall of Fame and was honored by the AJC at their 50th anniversary with the Herbert H. Lehman Award for his professional achievements, philanthropic efforts, and longstanding support for AJC. In 2014, Columbia Business School awarded Lee its Distinguished Leadership in Business Award, and Bloomberg Markets named him to its fourth annual "50 Most Influential" list (one of only ten money managers globally to be so honored, selected "based on what they're doing now, rather than past achievements"). He was inducted into the Horatio Alger Association in April 2015.
Cooperman and his wife, Toby, have two sons and three grandchildren.
Paula Campbell Roberts (New York) joined KKR in 2017 and is the Chief Investment Strategist for the firm’s Private Wealth business and a Managing Director on the Global Macro, Balance Sheet and Risk (GBR) team. As Chief Investment Strategist, Ms. Roberts advises the firm's wealth management partners on macroeconomics and asset allocation, with a focus on the role that private assets, including private equity, real estate, infrastructure, and credit, can play in individual investor portfolios. As a Managing Director on the GBR team, Ms. Roberts also works with KKR’s investment teams on the identification and evaluation of macro considerations as it relates to both deployment and monetization opportunities. Ms. Roberts is a member of the firm’s Private Wealth Executive Committee, the GBR Senior Leadership team, and is a member of the Americas Inclusion and Diversity Committee. Prior to joining KKR, Ms. Roberts was an economist at Morgan Stanley, providing views on the economy and the consumer sector to asset management clients, using big data to predict inflections in key sectors of the economy, and advising Fortune 500 CEOs on their consumer strategy. Before Morgan Stanley, Ms. Roberts was a management consultant leading case teams and advising Fortune 500 companies at Bain & Co. She is one of fifteen members of the Federal Reserve Bank of New York’s Economic Advisory Panel. Ms. Roberts earned her MBA from Harvard Business School and a BA from Yale University. She is currently a Lincoln Center Leadership Fellow, and also serves on the Boards of the New York City Ballet and the American Friends of Jamaica.
10:00AM ET
10:05AM
With the current crisis in Israel casting a shadow over talks to normalize relations between Israel and Saudi Arabia, and threatening to spark a wider conflagration across the Middle East, the full impact on global markets has yet to be felt. We’ll talk with Helima Croft, Managing Director and Global Head of Commodity Strategy, Global Research, RBC Capital Markets about their latest research and some possible outcomes.
Helima Croft, RBC Capital Markets Managing Director and Global Head of Commodity Strategy, Global Research
Interviewer: Tyler Mathisen, CNBC “Power Lunch” Co-Anchor & Vice President, Events Strategy
10:10AM
Credit and capital, fraud and financial crime – U.S. regulators face a myriad of enforcement hurdles in the year ahead. Former SEC Chairman Jay Clayton joins us to share his thoughts on the current environment, the state of the markets, and what advisors should consider amid what he has called a “fundamental shift” in regulation.
Jay Clayton, Sullivan & Cromwell Senior Policy Advisor; U.S. Securities and Exchange Commission Former Commissioner; CNBC Contributor
Interviewer: Kelly Evans, CNBC “The Exchange” Anchor and “Power Lunch” Co-Anchor
10:25AM
Uncertainty about the economy and the possibility of a recession in 2024 has some investors wondering the best way to position themselves for short-term gains and long-term financial security. We speak to KKR Private Wealth Chief Investment Strategist Paula Campbell Roberts on how she’s preparing for what’s next.
Paula Campbell Roberts, KKR Chief Investment Strategist, Private Wealth
Interviewer: Frank Holland, CNBC “Worldwide Exchange” Anchor and Transports & Tech Correspondent
10:35AM
Positioning yourself for the possibility of a recession is just the beginning. A “higher for longer” interest rate environment means 60/40 investors can generate income from their bond sleeve without having to take additional equity risk — especially important for retirees who still need to keep up with inflation and be mindful of stock exposure. Neuberger Berman’s Holly Newman Kroft joins us with her take on ways to reallocate portfolios as the tried and true 60/40 portfolio makes a comeback.
Holly Newman Kroft, Neuberger Berman Managing Director and Senior Wealth Advisor
Interviewer: Leslie Picker, CNBC Senior Finance and Banking Reporter
10:50AM
According to a recent report by the National Institute on Retirement Security, the typical Gen X household only has $40,000 in retirement savings in private accounts; and most Gen Xers—roughly defined as those born between 1965 and 1980—are failing to meet retirement savings targets. How can advisors take what they know about this generational cohort and create plans to help them reach their goals?
Lazetta Braxton, 2050 Wealth Partners Co-Founder and Co-CEO
Dan Doonan, National Institute on Retirement Security Executive Director
Moderator: Sharon Epperson, CNBC Senior Personal Finance Correspondent
11:05AM
So-called “robo-advising” has been available to financial advisors and managers for the better part of 20 years, but the pace of technological change in recent years has revolutionized the field and put more sophisticated tools into the hands of FAs. We’ll talk with Betterment CEO Sarah Levy about the impact of generative AI, and what she sees as the next potential breakthrough for automated advising.
Sarah Levy, Betterment CEO
Interviewer: Morgan Brennan, CNBC “Closing Bell: Overtime” Co-Anchor
11:15AM
After taking a beating during the Fed’s recent cycle of aggressive interest rate hikes, Cathie Wood’s ARK Fund resurged this year, due in large part to investors’ appetite for stocks with AI exposure. But what’s next? Wood joins us to discuss the biggest opportunities in tech and share her top picks in the year ahead.
Cathie Wood, ARK Invest CEO
Interviewer: Deirdre Bosa, CNBC “TechCheck” Anchor
11:30AM
According to recent statistics, 40% of angel investors are women, an indicator that women are eager to put their money to work outside of traditional portfolio offerings. Combine this with a rising number of women-led startups, and the opportunities for investing by, and in, women are on the rise. We’ll talk with two investing experts about how advisors can better position clients to take advantage of this growing women-led market opportunity.
Jo Ann Corkran, Golden Seeds Co-Chief Executive Officer and Managing Partner
Nancy Tengler, Laffer Tengler Investments CEO and CIO
Moderator: Sharon Epperson, CNBC Senior Personal Finance Correspondent
11:45AM
Social Security may be undergoing some big changes—from a higher cost-of-living adjustment to an increase in payments for higher earners—that advisors should be aware of. Mary Beth Franklin, one of the country’s leading experts on Social Security, explains the consequences of these potential changes and what future retirees and their advisors need to know, now.
Mary Beth Franklin, Social Security Expert & CFP
Interviewer: Tyler Mathisen, CNBC “Power Lunch” Co-Anchor & Vice President, Events Strategy
12:00PM
Financial health can mean different things to different people and can also look different depending on your financial goals. This session will cover the ways to build wealth and financial stability at any age and at any stage to sure up your financial future.
Rodney Williams, SoLo Funds Founder
Mel Lagomasino, WE Family Offices CEO and Managing Partner
Moderator: Leslie Picker, CNBC Senior Finance and Banking Reporter
SPONSORED AND PROGRAMMED BY NUVEEN
Private credit has grown five times since the Great Financial Crisis and has matured into a $1.5T market. It has not only become an established part of the institutional investor allocation mix but is increasingly seen as the primary source of financing for small and mid-sized companies. A discussion about why now may be The Golden Age of Private Credit and how the retail and private wealth investment community is now accessing this asset class, historically only available to institutions.
Ken Kencel, Churchill Asset Management President & CEO
Interviewer: Jen Rogers, Financial Journalist
SPONSORED AND PROGRAMMED BY STATE STREET GLOBAL ADVISORS
Diversified portfolios face new challenges as interest rate and macroeconomic risks evolve, including a higher for longer rate environment and investor buying behavior. But now is not the time to rush to the sidelines. A discussion about ways to position portfolios amid the current market conditions.
Matthew Bartolini, CFA, CAIA, State Street Global Advisors Head of SPDR Americas Research
Interviewer: Caroline Woods, Financial Journalist
12:30PM
12:35PM
Starboard Value’s Jeff Smith has been one of the busiest activist investors over the last two decades, best known for his proxy fights in the restaurant space. The Starboard Value CEO is relentless in calling for changes at corporations, targeting Humana, Kohl’s, Mercury Systems, and other companies during the Covid pandemic. We sit down with one of Wall Street’s most feared and creative activist investors to discuss how the current market environment is influencing his top picks.
Jeff Smith, Starboard Value CEO
Interviewer: Sara Eisen, CNBC “Squawk on the Street” Co-Anchor
12:55PM
With mortgage rates high and housing inventories low, the market for home buyers and sellers is a tricky one. Should buyers pounce on available opportunities? Should sellers hold on to existing homes with the potential cost of financing a new home too high? Advising clients on what might be the biggest sale and purchase decisions they ever make is tough in the best of times. We’ll talk to one of the foremost experts on the housing market to make sense of it all.
Tracy Kasper, National Association of Realtors President
Interviewer: Diana Olick, CNBC Senior Climate and Real Estate Correspondent
1:10PM
Legendary investor Leon Cooperman returns to our FA Summit with his thoughts on current interest rates, the slowing economy, the 2024 elections and why capitalism is always good.
Leon Cooperman, Omega Advisors Chairman and CEO
Interviewer: Becky Quick, CNBC “Squawk Box” Co-Anchor
1:30PM
Now in its 5th year, CNBC’s annual Financial Advisor 100 list recognizes the top advisory firms helping clients grow and protect their wealth. FAs who have topped CNBC’s annual list take your questions and share their insights on what it takes to be a top-rated firm.
David Rea, Salem Investment Counselors President
George Farra, Woodley Farra Manion Partner
Mason King, Luther King Capital Management Principal & Portfolio Manager
Joe Veranth, Dana Investment Advisors CIO & Portfolio Manager
Moderator: Jim Pavia, CNBC Senior Editor, Personal Finance
2:00PM
Premier financial advisors discuss the risks ahead, potential buying opportunities, and tools advisors can use to generate consistent returns while minimizing downside
Top advisors, investors, market experts, technologists, and economists
Hear from financial experts and network with the nation’s top advisors
REGISTRATION FOR CNBC FINANCIAL ADVISOR SUMMIT IS NOW CLOSED.
If you would like to stay connected and receive updates about CNBC Financial Advisor Summit 2024, please subscribe to our MARKETING LIST or email EVENTS@CNBC.COM to connect with our audience team.
Interactive Brokers Group affiliates provide clients from over 200 countries and territories the ability to invest globally in stocks, options, futures, currencies, bonds, funds and more from a single unified platform. Clients can trade around the clock on over 150 markets and fund and trade accounts in up to 27 currencies. Interactive Brokers services financial advisors, individual investors, hedge funds, proprietary trading groups, and introducing brokers.
The company’s four decades of focus on technology and automation enables it to equip clients with a uniquely sophisticated platform to manage their investment portfolios. Interactive Brokers strives to provide clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments.
For the sixth consecutive year, BARRON’S ranked Interactive Brokers #1 with 5 out of 5 stars in its June 12, 2023, Best Online Brokers Review.
Visit us at ibkr.com/ria.
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.1 trillion in assets under management as of 30 Sept 2023 and operations in 27 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com.
State Street Global Advisors serves governments, institutions and financial advisors with a rigorous approach, breadth of capabilities and belief that good stewardship is good investing for the long term. Pioneers in index, ETF, and ESG investing and the world’s fourth-largest asset manager*, we are always inventing new ways to invest.
*Pensions & Investments Research Center, as of 12/31/21
For more information visit https://www.ssga.com/us/en/intermediary/etfs.
J. Kyle Bass is the Founder and Chief Investment Officer of Hayman Capital Management, an investment manager of private funds focused on global event-driven opportunities. He is also the Co-Founder and Chief Executive Officer of Conservation Equity Management, an environmental sustainability private equity firm founded in 2021.
Mr. Bass is a founding member of the Committee on the Present Danger: China. Mr. Bass was the recipient of the 2019 Foreign Policy Association Medal for his responsible internationalism and is a current member of the Council on Foreign Relations. Mr. Bass has testified as an expert witness before the U.S. House of Representatives, U.S. Senate, and the Financial Crisis Inquiry Commission.
In 2015, Bass was recognized as one of the Top 25 Most Influential People in the Global Patent Market as named by Intellectual Asset Management magazine. Mr. Bass has lectured on global economics at various universities, including Columbia, Harvard, Stanford, UC Berkeley, University of Chicago, University of Texas, and the University of Virginia. Mr. Bass is the former Chair of the Risk Committee of the Board of Directors of the University of Texas Investment Management Company (UTIMCO), which manages approximately $50 billion.
Before forming Hayman, Mr. Bass was a Managing Director at Legg Mason and a Senior Managing Director at Bear Stearns. He graduated from Texas Christian University with a degree in finance. Mr. Bass serves on the board of the Texas Department of Public Safety Foundation and Melinda’s Foods.
U.S. Senator Heidi Heitkamp served as the first female senator elected from North Dakota from 2013-2019.
Senator Heitkamp grew up in a large family in the small town of Mantador, North Dakota. Alongside her six brothers and sisters, she learned the value of hard work and responsibility, leading her to choose a life of public service.
During her six years in the U.S. Senate, Senator Heitkamp quickly became a proven senator who worked across the aisle to fight for North Dakotans. Senator Heitkamp personally showed that if senators work together, it can lead to real solutions. She also came to work every day fighting for rural America and made sure others in the Senate understood the needs of rural communities.
Former Republican Senator Bob Corker called Senator Heitkamp “stronger than battery acid.” Democratic Senator Jon Tester said “she has been incredibly effective” in the Senate.
Senator Heitkamp courageously voted against Justice Brett Kavanaugh to serve on the Supreme Court after hearing testimony from Dr. Christine Blasey Ford and Kavanuagh’s response testimony. Following the vote, Senator Kirsten Gillibrand said Senator Heitkamp had, “become a bit of a feminist icon.”
Throughout her time in public service, Senator Heitkamp has stood up for tribal communities and worked to improve outcomes for Native American children, women, and families. The first bill she introduced in the Senate, which became law in 2016, created a Commission on Native Children. Her bill with former Senator John McCain became law to create Amber Alerts in Indian Country. She introduced Savanna’s Act to help address the crisis of missing and murdered indigenous women. And she worked to help address the detrimental impact exposure to trauma can have on children and families – particularly those in Native communities.
Senator Heitkamp also worked to combat human trafficking in North Dakota, across the country, and around the world. She helped write legislation, which was signed into law, to crack down on human trafficking online, which led to the closure of Backpage.com.
A strong advocate for working families, Senator Heitkamp has fought to support North Dakotans throughout their lives. She helped introduce legislation to create a federal paid family and medical leave policy. She led the effort to get the Export-Import Bank up and running to boost American manufacturing and support American workers and businesses. She strongly backed legislation to prevent discrimination in the workplace against LGBTQ individuals. And she fought for retirement security for families and seniors by working to solve the pension crisis facing many retirees.
Senator Heitkamp has pushed to make health care more affordable and accessible. She fought back against efforts to repeal the health reform law and tried to make the law work better for families and businesses. She halted attempts to slash Medicaid and Medicare or privatize Social Security. She voted against the Republican tax bill and has called for a fairer tax system that doesn’t drastically increase the nation’s debt and deficit.
As a former director of the one-of-a-kind Dakota Gasification synfuels plant,Senator Heitkamp has a long record with energy development in North Dakota. She continued those efforts in the Senate, working to responsibly harness North Dakota’s energy resources, and successfully pushed to lift the 40-year old ban on exporting U.S. crude oil while expanding support for renewable energies, like wind and solar energy development.
Senator Heitkamp sat on the Senate Committee on Agriculture, Nutrition, and Forestry, where she fought for North Dakota’s farmers, ranchers, and rural communities to make sure they got the resources and support they need to continue to feed North Dakota, the country, and the world. She helped write, negotiate, and pass two long-term, comprehensive Farm Bills which Congress passed.
Through her leadership on the Senate Committee on Banking, Housing, and Urban Affairs, Senator Heitkamp pushed to reform the nation’s housing finance system, make housing more affordable, and provide relief to small financial institutions.
On the Senate Committee on Homeland Security and Governmental Affairs, Senator Heitkamp pushed to provide training and resources for first responders to keep North Dakota’s communities strong and safe, improve mail delivery and service in rural communities, help recruit and retain a strong federal workforce, and cut red tape to make the federal government more efficient and effective for North Dakota families and small businesses.
Senator Heitkamp previously served as North Dakota’s Attorney General, and prior to that as the state’s Tax Commissioner. She serves on numerous boards including the McCain Institute and the Howard Buffett Foundation. She is the founder and Chair of the One Country Project, an organization focused on addressing the needs and concerns of rural America.
Senator Heitkamp received a B.A. from the University of North Dakota and a law degree from Lewis and Clark Law School.She lives in Mandan, North Dakota with her husband, Dr. Darwin Lange, a family practitioner. They have two children, Ali and Nathan.
Thomas is one of the most widely recognized and followed macro strategists on Wall Street. He is best known for his evidence-based work on equity markets and fast growing technologies,
including digital assets and wireless technologies. Thomas has nearly 30 years of experience in macro markets and equity research.
He co-founded Fundstrat in 2014, a research advisory firm, which has now grown to over 28 full-time employees and serves hedge funds, mutual funds and family offices in over 26 countries.
Prior to co-founding the independent strategy research boutique, Fundstrat Global Advisors, he served as Chief Equity Strategist of J.P. Morgan Chase & Co. and had been at JPMorgan from,1999 through 2014. And prior to that, was both a highly regarded telecommunications equity research analyst and also small-cap equity/ bankruptcy/reorg strategist (2004-2010) working at firms like Kidder, Peabody and Salomon Smith Barney.
He is a full-time contributor to CNBC and is widely quoted in the media (CNBC, Bloomberg, Fox, Yahoo Finance, among others) and professionally recognized. He has been ranked consistently by Institutional Investors and held the #1, #2 and #3 position for 15 consecutive years (1998-2013). He is known for his data-driven approach (“analysis not opinions”), and clients view his work as both contrarian and highly differentiated.
He is also considered one of the most trusted and well-known authorities in digital assets by Cindicator and top 100 key names by Cryptoinfluencer.
Thomas Lee graduated from the University of Pennsylvania/Wharton School with a BSE in Economics and dual concentrations in Finance and Accounting. He is a CFA Charter holder.
Barry Sternlicht is Chairman & CEO of Starwood Capital Group, the private alternative investment firm he formed in 1991 that is focused on global real estate, hotel management, oil and gas, and energy infrastructure. Mr. Sternlicht also serves as Chairman of Starwood Property Trust (NYSE: STWD), a leading diversified finance company.
For the past 31 years, Mr. Sternlicht has structured investments with an asset value of $235B+. Starwood Capital’s investment vehicles have invested in approximately 285,000 residential units, 4,000 hotels, 103M SF of office properties, 73M SF of Industrial, 56M SF of retail and 70,000 lots of land in residential subdivisions. The Firm currently manages approximately $125B of assets on behalf of its high net worth and institutional partners. Starwood Capital, its affiliates and externally managed public companies encompass over 4,500 employees. The Firm maintains offices in Arlington, Atlanta, Chicago, Dallas, Greenwich, Los Angeles, Miami, New York, San Francisco, and Washington, D.C., and affiliated offices in Amsterdam, Hong Kong, London, Luxembourg, Sydney and Tokyo.
From 1995 through early 2005, Mr. Sternlicht was Chairman and CEO of Starwood Hotels & Resorts Worldwide, a company he founded in 1995. During his tenure, he built Starwood Hotels into one of the leading hotel and leisure companies in the world, employing more than 120,000 people with 895 properties in 100 countries. Mr. Sternlicht created W Hotels, perhaps the world’s most successful “boutique” brand, and built the St. Regis Hotels brand from a single hotel to a global brand.
In 2008, Mr. Sternlicht founded SH Group, his new hotel management company. SH Group is the owner and manager of Baccarat Hotels & Resorts and 1 Hotels brands.
In 2016, Mr. Sternlicht was the recipient of PERE’s inaugural Lifetime Achievement Award. In 2015, he was named the Global Industry Figure of the Year by PERE, received the Cornell Icon of the Industry Award and the Lifetime Achievement Award from the International Hotel Investment Forum. In 2013, Mr. Sternlicht was named the Most Important Person in Commercial Real Estate Finance by The Mortgage Observer. In 2010, Mr. Sternlicht was named Executive of the Year and Investor of the Year by Commercial Property Executive. Mr. Sternlicht was also named America’s Best Lodging CEO by Institutional Investor Magazine. He is a member of the Interior Design Magazine Hall of Fame. He has received the Preston Robert Tisch Distinguished Industry Leadership Award from New York University, the CEO Diversity Award from Diversity Best Practices/Business Women’s Network, the Lifetime Achievement Award from the Association of Travel Marketing Executives, the Hospitality Heritage Award from the American Hotel and Lodging Association, and the Marketer of the Year Award from Brandweek. Mr. Sternlicht’s humanitarian efforts have garnered prestigious national honors such as JDRF’s Man of the Year, JDRF’s Living and Giving Award and JDRF’s Chairman’s Award.
Mr. Sternlicht serves on the Board of Directors of The Estée Lauder Companies and the Real Estate Roundtable. Additionally, he formerly served as Chairman of the Board and is currently a Board member of The Robin Hood Foundation, and also serves on the Boards of the Dreamland Film & Performing Arts Center, and the Executive Advisory Board of Americans for the Arts. He is a member of the U.S. Olympic and Paralympic Foundation Trustee Council, the World Presidents Organization and the Urban Land Institute.
Barry Sternlicht received his BA, magna cum laude, with honors from Brown University. He later earned an MBA with distinction from Harvard Business School.
