Summary

In this conversation, Steven Clark interviews Lee Kowarski, head of distribution solutions at SS&C Technologies. They discuss Lee's background, his journey in the financial services industry, and the challenges and opportunities in the industry. They also touch on topics such as the evolution of consulting firms, the impact of data and artificial intelligence, and the future of the financial services space. Lee shares his insights on leadership, the mutual fund industry, and the importance of being adaptable and innovative in a changing landscape.

Takeaways

The financial services industry is facing challenges such as margin compression and fee compression, but it is still an exciting space with opportunities for growth and innovation.

Leaders in the industry need to be strategic and adaptable, embracing data, technology, and artificial intelligence to drive their businesses forward.

The mutual fund industry is experiencing pressure as assets move to other investment vehicles, but there will always be a mix of products and opportunities for growth.

The James Beard Foundation and Rethink Food are organizations that Lee Kowarski supports, as they work to support and uplift the restaurant industry and address food insecurity.

Lee Kowarski emphasizes the importance of building and leading a strong team, and takes pride in the impact he has had on the careers of his team members.

Chapters

00:00 Introduction and Background

08:18 Starting and Selling a Business

14:21 The Changing Landscape of Consulting Firms

23:32 Predicting Future Themes and Developments

28:15 Lightning Round

Stewart Foley, founder of Insurance AUM, discusses his career in insurance asset management and the growth of his platform. He shares the importance of self-reflection and his experiences of taking time off to go on motorcycle rides for well-being. Foley also highlights the opportunities in the insurance industry and the impact of technology on insurance and asset management.

Takeaways

• The insurance industry offers diverse career opportunities and is often overlooked by young professionals.

• Insurance companies are sophisticated investors and play a significant role in the asset management industry.

• Technology, such as insurtech and AI, is transforming the insurance industry and creating new opportunities.

• Foley emphasizes the importance of taking time off and engaging in self-reflection to make informed career decisions.

• He is a strong advocate for mental health and supports initiatives to raise awareness and prevent suicide.

Chapters

00:00 Introduction and Relocation to Austin

03:03 Early Years and Career in Finance

07:59 Key West to Halifax Ride and Taking Time Off

14:07 Teaching and Mentoring in Finance

22:03 The Importance of the General Account in Insurance

25:00 Trends in Insurance Asset Management

32:10 Insurtech and Technology in Insurance

37:01 Outlook on Financial Services and Insurance

39:57 Insurance AUM Podcast and Mental Health Advocacy

44:57 Lightning Round

If you or someone you know is struggling with mental health, help is available. The 988 National Mental Health Crisis Hotline offers confidential support 24 hours a day, 7 days a week. Don't hesitate to reach out and get the support you need.

Bill Cashel, co-founder and head of business development for Privacore Capital, shares his career journey and insights into the financial services industry. He discusses his background, early years, and how he discovered his interest in finance. Bill also talks about his transition from wealth advisory to distribution and his experience at AQR. He expresses his optimism for the future of financial services and the private strategies business. Finally, he explains the mission of Privacore and its role in bridging the gap between top-tier GP firms and the private wealth channel.

Takeaways

• Bill Cashel's career in the financial services industry has been marked by success at every level.

• He emphasizes the importance of taking calculated risks and being open to new ideas in leadership.

• Bill is bullish on the future of financial services, particularly in the private strategies business.

• Privacore Capital aims to solve the issue of expanding top-tier GP firms into the private wealth channel.

Chapters

00:00 Introduction and Background

03:27 Career Progression and Path

08:16 Transition to Distribution

13:54 Joining AQR

16:00 Bullish on Financial Services

25:22 Private Strategies Business

35:11 Leadership Style

37:02 Privacore Story

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