Client Portals

Lifetime Employment3 min read

Oct 7, 2015 - John Osbon ( 5 mins to read)

Does your investment advisor believe in lifetime employment in one place? This one does. The typical revolving door career path in wealth management rarely benefits the client. It often involves multiple moves from firm to firm, almost always for the purpose of higher compensation, followed by the sale of one’s book of business to another firm or another advisor. That revolving door-and-exit scenario is not my plan. Not even close. Here’s why.

In it for the very long haul


Lifetime employment is the rare exception in wealth management. But that’s my plan. With all my job changes way behind me, I intend to spend the rest of my career working hard at Osbon Capital, and I am not the only one named Osbon who feels that way. I’m a firm believer in the long-term, including the benefits of long-term investing: compounding, continuity, consistency. Working forever, with no intention to someday sell my clients to the highest bidder fosters three more C’s for clients: clarity, conviction, and constancy. It does keep one sharp.

I’ve noted before how advisor moves conspire against the best interests of investors (see “Your advisor is moving. Should you, too?”). Lifetime employment in one place has the opposite result: strong, honest, lasting relationships; shared values; aligned interests. Undistracted by my own career goals I can focus on helping clients achieve their own personal, professional and family goals.

The power of family at work for you

It’s well known that likelihood of a family firm making it to the next generation is less than 10 percent, either through lack of interest or lack of skill in the second generation. I am fortunate that Max Osbon, age 27, has plenty of both skill and interest and has been proving it every day since he joined Osbon full-time in May 2013. In January of 2016 I look forward to making a very positive announcement for clients about his deepening involvement here.

A multi-generational family-owned and family-run business has advantages the corporate world can only envy, including trust, common interest, and long-term thinking. Most firms and advisors are most worried about monetizing when they retire or exit the business. We aspire to the opposite – to make sure Osbon goes on for as long as the mind can imagine.

Warren again

I’ll never be Warren Buffett, but I love the way he thinks – always putting the long-term interests of his millions of investors ahead of short-term goals. At 85 and going strong, he’s a great role model. Operating an investment management firm requires daily judgment, discipline and clear thinking, all wonderful consequences of excellent physical and mental health. And that’s why I love the daily physical life – decathlon, basketball, splitting wood, skiing – anything that keeps the body in tune with the mind.

The 100-year timeframe

A client asked recently, “How can you invest my money if you are different than me?” It’s a great question. We spend very little time working on our own portfolio, leaving me free to focus on your unique financial position, family, cash flow needs, and so on. Constructing unique portfolios for unique people is a skill I have practiced for decades. Every portfolio here reflects the client’s needs, not mine. My own investment timeframe is very simple: I am investing the family money for our children’s grandchildren, or for about 100 years.

Built to last

Regular readers also know that we indexers do not predict. Instead, we plan carefully. We focus on things we can control. We ignore those we can’t, like future prices or political events. I won’t predict the future of Osbon Capital, either. I will say that Osbon Capital is built to last 100 years and will remain a 100 percent family-owned firm unless it can’t. In the meantime, I’m looking forward to that lifetime employment to find out what happens next! It’s good for clients and it’s good for us.

John Osbon –


delivered to your inbox


This communication may include forward-looking statements. All statements other than statements of historical fact are forward-looking statements (including words such as “believe,” “estimate,” “anticipate,” “may,” “will,” “should,” and “expect”). Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Various factors could cause actual results or performance to differ materially from those discussed in such forward-looking statements.”

“Historical performance is not indicative of future results. The investment return will fluctuate with market conditions.

Past performance is not indicative of any specific investment or future results. Views regarding the economy, securities markets or other specialized areas, like all predictors of future events, cannot be guaranteed to be accurate and may result in economic loss to the investor.

Investment strategies, philosophies, allocations and holdings are subject to change without prior notice.

This communication is intended to provide general information only and should not be construed as an offer of specifically tailored individualized advice.

While the Adviser believes the outside data sources cited to be credible, it has not independently verified the correctness of any of their inputs or calculations and, therefore, does not warranty the accuracy of any third-party sources or information.

Adviser does not endorse the statements, services or performance of any third-party vendor.

Unless stated otherwise, any mention of specific securities or investments is for hypothetical and illustrative purposes only. Adviser’s clients may or may not hold the securities discussed in their portfolios. Adviser makes no representations that any of the securities discussed have been or will be profitable.

Any IPO alerts are purely informational and should not be construed as recommendations to invest.

Adviser is not licensed to provide and does not provide legal, tax or accounting advice to clients. Advice of qualified counsel or accountant should be sought to address any specific situation requiring assistance from such licensed individuals.

Any case studies or hypothetical client profiles are for demonstration purposes only. They illustrate the breadth and depth of the many clients we represent at various life stages. Any similarities to actual Adviser’s clients past or present are strictly coincidental. Individual advice and results will vary based on each client’s circumstances, objectives and prevailing economic conditions.