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in this episode
Join Jonathan Krueger as he interviews Tim Kneen, Founder of Lumina Consulting.
IN THIS EPISODE:
On today’s show we will be talking to Tim Kneen, Founder of Lumina Consulting.
During this episode you’ll hear:
- How the financial services industry has struggled to develop innovative retirement-income solutions.
- What Adaptive Wealth Management means.
- The recurring theme and the key to retirement-income solutions.
- Adaptive distribution ideas utilized in the market environment we see today.
- Why during the distribution or income stage of one’s financial life should they NOT over-focus on inflation.
- How the market correction impacts someone in retirement and how AWM works to mitigate these types of corrections.
- Fees, fees and more about fees.
Jonathan Krueger is an Investment Advisor Representative with Lion Street Advisors, LLC, a Registered Investment Representative and a Registered Representative with Lion Street Advisors, LLC member SIPC. Opinions expressed on this program do not necessarily reflect those of Lion Street Advisors, LLC or LionsGate Advisors. The topics discussed, and opinions given are not intended to address the specific needs of any listener. Neither Lion Street Advisors, LLC nor LionsGate Advisors offer legal or tax advice; listeners are encouraged to discuss their financial needs with the appropriate professional regarding your individual circumstance.
Tim began providing financial consulting services to institutional investors and select families over 30 years ago. He began at Dean Witter and became one of the youngest Vice President’s in its history. He went to enjoy a 20+ year career with Citigroup, where he became a Director with Citi Institutional Consulting. Just before Citigroup became owned primarily by the US Government, United Bank of Switzerland recruited he and his team to join. He later founded IFAM Capital, a firm started with his longtime partner Clayton Hartman from Citigroup and UBS and grew that firm into one of top 100 Registered Advisory Firms/Wealth Management firms in the country as measured by Fidelity. During those years Tim helped develop the investment methodology’s, created the “Known Return” portfolio, and lead business development. At his retirement IFAM was billing in excess of $10 million in annual revenue and was managing well over a billion dollars. His experience is unique in that few firms of this size have accomplished the “triple crown” successfully. Moving between wire-house firms, from a wire-house to an independence, and then successfully transitioned that firm to the next generation of advisors within the firm. He has grown a firm from a few hundred thousand in annual revenue to over $10 million using both organic and acquisition related growth. He was at the forefront of building unique income sources away from traditional wealth management and being able to look outside the box for solutions. Few advisors have this “Real Life Experience.”
While at IFAM, Tim and his team have received numerous awards. He was elected President of the Association of Professional Investment Consultants (APIC), and has served on the association’s chair of both the Research and Evaluation and Conference Committees. He has been awarded the associations highest honor, the Tom Gorman Award, to acknowledge his service to the industry. Tim was also awarded the prestigious “40 Under 40 Award” by the Denver Business Journal, naming him as one of the top 40 young entrepreneurs in the Rocky Mountain Region. He is recognized as one of the “Top 100 Consultants in America” in Barron’s, #1 Consultant in Colorado by the Denver Business Journal, “Top 1,000 Advisors” by Barron’s, NABCAP Premier Advisor for Financial Planning and as one of the top Consultants by Research magazine. Tim is a regular speaker at national conferences, a published author and is regularly interviewed in the media on the economy and investment topics.
Tim’s experience working outside of financial services is likely behind his success in working inside financial services. Tim has been quoted saying, “Until you as an advisor have truly sat in the same chair as your client how can you understand what is best? How do you advise them on how to develop or manage their business, sell or transition their business, unless you have done the same? Tim has started five companies, taken a company public and sold the other companies to both synergistic and financial buyers. He has been a successful real estate developer, as well as business owner of manufacturing, sales and marketing and distribution companies. He has owned/managed in industries as diverse as scrap metal, to golf to fashion. This “Real Life” experience gives him the background to be able to consult to business owners from many walks of life about how to grow their companies, whether or not to seek monetization of their life's work and if so how, as well as working with Family Offices in managing the transition of wealth and knowledge to the next generations.
Today Tim continues to share these “Real Life” experiences with other entrepreneurs across the country through private consulting and speaking engagements with his firm Lumina Consulting.
Tim completed his undergraduate work at the University of Denver. He is involved with his church, as well as with several local and national charities. He has co-founded and chaired events, including the Red Lady Ball, the Denver Victims Rock and Roll, Sunrise Africa, SaddleUp! Foundation and many other events. Tim enjoys golf, skiing, tennis and mountain climbing, among many other sports. Tim is married with two children and resides at Colorado Golf Club.