As 2007 winds to a close, it seems an appropriate time to reflect back over some of the notable occurrences of the past year. One event comes to mind that I was sorry to see go largely unnoticed, or at least, not commented on: Mark Tibergien’s leaving Moss Adams to become CEO of Pershing Advisor Solutions.
I remember sitting in Mark’s general session at the FPA national conference in Seattle, where he presented the findings of the 2007 Moss Adams Financial Advisory Compensation & Staffing Study to a packed house that had to be over 2,000 attendees. His leaving Moss Adams had just been announced the day before, and was mentioned when he was introduced. Yet while his presentation was well-received as always, his audience failed to give him a standing ovation, which I felt at the time was a missed opportunity to acknowledge the tremendous contribution Mark has made to the independent advisory profession over the past 20 years or so.