On this episode of Seeking Risk: The FabRick Show, Rick is joined by Ashvin Chhabra to discuss the intersection between finance and science. Apart from a two-part series, this discussion will focus on wealth management and the problems facing the individual investor.

Ashvin Chhabra is President of Euclidean Capital, which is responsible for the management of investments for James H. Simons & Marilyn Simons and their associated foundations. The Simons Foundation is dedicated to advancing research in basic science and mathematics.

Dr. Chhabra was Chief Investment Officer and head of investment management and guidance at Merrill Lynch Wealth Management from 2013-2015. He was the Chief Investment Officer at the Institute for Advanced Study from 2007-2013 and Managing Director and head of wealth management strategies and analytics for Merrill Lynch’s Global Private Client Group from 2001-2007.

Ashvin is also the author of The Aspirational Investor, published by Harper Collins in 2015. He is widely recognized as one of the founders of goals based wealth management and for his seminal work “BeyondMarkowitz '' which integrates Modern Portfolio Theory with Behavioral Finance and proposes a novel Wealth Allocation framework.

Dr. Chhabra is the immediate past chair of the Board of Regents for the Financial Analysts Seminar of CFA Institute. He is also a member of the international advisory board of EDHEC-Risk Institute, the Board of Trustees of the Stony Brook Foundation, and the investment committee of the Institute for Advanced Study. He holds a PhD in applied physics from Yale University in the field of nonlinear dynamics (Chaos theory).

On this episode of Seeking Risk: The FabRick Show, Rick is joined by Ashvin Chhabra. Apart from a two-part series, this discussion focuses on the intersection between finance and science in relation to theoretical physics, systems, and complexity.

Ashvin Chhabra is President of Euclidean Capital, which is responsible for the management of investments for James H. Simons & Marilyn Simons and their associated foundations. The Simons Foundation is dedicated to advancing research in basic science and mathematics.

Dr. Chhabra was Chief Investment Officer and head of investment management and guidance at Merrill Lynch Wealth Management from 2013-2015. He was the Chief Investment Officer at the Institute for Advanced Study from 2007-2013 and Managing Director and head of wealth management strategies and analytics for Merrill Lynch’s Global Private Client Group from 2001-2007.

Ashvin is also the author of The Aspirational Investor, published by Harper Collins in 2015. He is widely recognized as one of the founders of goals based wealth management and for his seminal work “Beyond Markowitz '' which integrates Modern Portfolio Theory with Behavioral Finance and proposes a novel Wealth Allocation framework.

Dr. Chhabra is the immediate past chair of the Board of Regents for the Financial Analysts Seminar of CFA Institute. He is also a member of the international advisory board of EDHEC-Risk Institute, the Board of Trustees of the Stony Brook Foundation, and the investment committee of the Institute for Advanced Study. He holds a PhD in applied physics from Yale University in the field of nonlinear dynamics (Chaos theory).

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.

For the fifth episode of Seeking Risk: The Fab Rick Show, Rick is joined by Jean-Philippe Bouchaud to discuss the disciplined applications for random matrix theory, scenario generation with agent-based models, and lost decades.

Jean-Philippe Bouchaud's expertise combines physics and finance, often coined econophysics. Between chairman of Capital Fund Management, member of The French Academy of Science, and Professor of Physics at ENS Paris, Bouchaud is knowledgeable on complex systems. Bouchaud's proficient study of complex systems proves interesting when applied to the financial market.

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.