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Ken Sill From Precy Dumlao, Opalesque Asia:

New York and Connecticut are undoubtedly the leading financial centers in the U.S. with lots of money. But Ken Sill, of Houston, Texas-based energy investment advisory firm TPH Asset Management said the two cities do not have all of the money and Texas has lots of it too.

As one of the panelists in the latest Opalesque Texas Roundtable, Sill declared, "Texas has been a great place to raise money. Having worked for a Wall Street firm before, I think Texas is probably under-marketed by the New York and Connecticut folks. They live in and around the largest financial center in the world - there is certainly a lot of money there, but not all of the money. Texas has a lot of money, and is a great place for business."

His opinion was echoed by Kris Kristynik of Longhorn Capital, an SEC registered investment advisor, who said that Texas is benefiting from having a developed hedge fund community between Dallas, Houston and Austin that can offer the potential for more diversity of thought in investors’ portfolios.

Kristynik added, "There are people who probably feel more comfortable doing business with folks in New York and Connecticut, and others probably like the idea of getting out of some of the group dynamic that can take place ......................

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