A Practical Revolution
“The value of money is not the only thing that might evaporate once people stop believing in it. The same can happen to laws, gods and even empires. One moment they are busy shaping the world, and the next moment they no longer exist."
- Yuval Noah Harari, Homo Deus
Ten years ago, I founded Fielder Capital. My vision was that the world was changing. And the investment advisory business was changing with it. Lower fees, transparency, customization, and better aligned incentives were in. High-fee cookie-cutter solutions with perverted incentive structures were out. Technology was the driving force.
Rather than launch a "robo-advisor" to replace humans, I believed the better answer was "cyborg". Namely, equipping human beings with better technology to make them faster, smarter, and importantly, more human. This would empower advisers to serve more people and do more for them.
Ten years later, our team at Fielder proudly serves over 50 client families across the country. We're striving to continue adding more value and services to our clients.
Tery O'Malley recently interviewed me for his "Operational Leaders" podcast. We discuss my path from hedge fund management to founding Fielder.
Tery is the former Chief Administrative Officer, General Counsel, and Chief Compliance Officer at Blue Ridge Capital, a pre-eminent multi-billion dollar hedge fund firm in its day. Today Tery advises money managers on the business of managing money. In our podcast, we discuss how the investment business is evolving and how this is forcing professionals like us to evolve with it. Harari warns in his book Homo Deus that we are in the midst of a data revolution. Yet, he notes, "All truly important revolutions are practical... Ideas change the world only when they change our behavior." Here's to being practical and changing our behavior for the better.
Yours in the Field,
Frank Byrd, CFA, CFP®
Disclaimer: While the information presented herein is believed to be accurate, Fielder Capital Group LLC (Fielder) makes no express warranty as to the completeness or accuracy, nor can it accept responsibility for errors appearing in the document. Fielder is under no obligation to notify you of any errors discovered later or of any subsequent changes in opinions. Nothing herein should be construed as a recommendation to buy or sell any of these securities. It should not be assumed that any of the securities, transactions, or holdings discussed will prove to be profitable in the future or that investment recommendations or decisions Fielder makes in the future will be profitable or will equal the investment performance of the securities discussed herein. Fielder or its employees may have an economic interest in securities mentioned herein.