FPA of Michigan 2016 Annual Fall Symposium

Transcription

1 FPA of Michigan 2016 Annual Fall Symposium Agenda Tuesday, October 18, :00 AM 9:00 AM CHECK IN/VISIT WITH PARTNERS/NETWORKING 9:00 AM 9:15 AM WELCOME AND ANNOUNCEMENTS Tom Rabaut, CFP FPA of Michigan 2016 President Tom Rabaut 9:15 AM 10:15 AM KEYNOTE: THE 'NEVER BE AVERAGE' GAME PLAN Speaker: Tim McCormick Tim McCormick s motivational and highly entertaining program teaches the winning secrets of elite athletes. Share Tim s thrilling ten year journey throughout the NBA as a professional basketball player. Attendees will laugh and be inspired as he shares the lessons learned from teaming up with superstars like Dr. J and Charles Barkley. Tim McCormick Tim provides insight into the bigger, stronger and faster mentality of professional athletes like Michael Jordan and the humorous challenges of being schooled as a rookie by legends like Kareem Abdul Jabaar. The letters NBA represent a standard of excellence in professional sports. They also stand for Never Be Average, which is a special mindset that focuses on the same strategies and principles needed to compete, perform and dominate in professional sports and the business world. Tim s Never Be Average message will provide the inspiration for personal and professional growth in business and a winning game plan for elite performance. Speaker: Tim McCormick 10:15 AM 11:15 AM SHOWTIME Suzette Rothberg Speaker: Suzette Rothberg, CFP Suzette Rothberg Consulting Preparing for the spotlight: When it's time to tell your story to prospective clients. Welcome to Invesco consulting s Showtime presentation. When it comes to presenting to new clients, most advisors have compelling stories to tell, but putting those stories into the right words and a compelling structure can be challenging. Our goal is that you will walk away from today s presentation with a framework of how to tell your story better. The presentation is based on the extensive research by Invesco Consulting. Speaker: Suzette Rothberg, CFP 11:15 AM 11:40 AM NETWORKING BREAK/VISIT WITH PARTNERS

2 Breakout Session 1 11:40 AM 12:30 PM ADVANCED STUDENT DEBT MANAGEMENT: A CHECKLIST APPROACH TO ADVISING YOUNG PROFESSIONALS Heather Jarvis Speaker: Heather Jarvis, JD Student Loan Expert Doctors, lawyers, veterinarians, and other professionals nearly always finance their educations with student loans, and many owe hundreds of thousands of dollars before beginning their careers. You already know the basics. Now learn how to develop personalized student debt management plans for your clients with high student loan balances. Attorney and nationally recognized student loan expert shares her unique checklist approach to advising young professionals including evaluating consolidation, refinancing, repayment plan selection, forgiveness, and tax considerations. Approved CE: 1 CFP, 1 Mi Ins (Life), IMCA has accepted this program Speaker: Heather Jarvis, JD 11:40 AM 12:30 PM MANAGING RISK IN TIMES OF VOLATILITY & RISING INTEREST RATES (CONVERTIBLE BONDS) Speaker: Michael Miller Wellesley Investment Advisors, Inc. The presentation covers using convertible bonds to help mitigate and manage risk and volatility. It covers the basics of the asset class and then covers the benefits in equity volatility as well as rising interest rates. Michael Miller Speaker: Michael Miller 12:30 PM 1:30 PM LUNCH, ANNUAL MEETING AND NETWORKING WITH PARTNERS Breakout Session 2 1:30 PM 2:20 PM A FRESH LOOK AT THE DEPARTMENT OF LABOR'S FIDUCIARY RULE Michael Marsalese Speaker: Michael Marsalese, JD The Marsalese Law Group, PLLC This presentation aims to increase awareness and understanding about basic fiduciary responsibilities and will address actions taken by investment professionals, which cause them to be deemed a fiduciary under the DOL Rule and the consequences of being deemed a fiduciary. This presentation will also explore the scope and requirements of the Best Interests Contract exemption ( BICE ); the scope and requirements of the Principal Exemption; provide Best Practices; and the implications for future compliance. Approved CE: 1 CFP, 1 MI Ins (Life), IMCA has accepted this program for 1 hour of CE credit towards the CIMA, CIMC and CPWA Speaker: Michael Marsalese, JD 1:30 PM 2:20 PM THE VALUE OF HAVING AN INVESTMENT PROCESS Speaker: Christopher Kostiz President, Senior Portfolio Manager Advance Capital Management This program will identify how to create and implement a good

3 investment process for your clients. The presentation will detail specific goals, policies and tools necessary for the process to succeed and be sustainable. The program will identify examples of a good investment process and how it can improve client returns. Christopher Kostiz Speaker: Christopher Kostiz Breakout Session 3 2:30 PM 3:20 PM IS IT REALLY DIFFERENT THIS 'TIME'? Speaker: Robert Wolanski, CIMA Head of Retail Sales Sentinel Financial Services Company This program uses covers from Time Magazine to demonstrate that although the dates may change, sometimes the headlines stay the same. Today s headlines, global events, domestic political developments, a shifting economy and volatile markets can ultimately Robert Wolanski obscure time tested straightforward truths that are the bedrock of any sound long term investment strategy. Approved CE: 1 CFP, IMCA has accepted this program for 1 hour of CE credit towards the CIMA, CIMC and CPWA Speaker: Robert Wolanski, CIMA 2:30 PM 3:20 PM MONEY LAUNDERING AND YOU: HOW FinCENs PROPOSED AML REGULATIONS WILL AFFECT INVESTMENT ADVISERS Speaker: Henry Matson Supervisory Special Agent Internal Revenue Service This is an overview of Money Laundering theory, Federal Law, and the details and impact of the proposed Financial Crimes Enforcement Network (FinCEN) Anti Money Laundering (AML) Programs for Investment Advisors. Henry Matson Speaker: Henry Matson, Jr. 3:20 PM 3:50 PM NETWORKING BREAK/VISIT WITH PARTNERS 3:50 PM 4:50 PM EDUCATION DEBT WILL STUDENT LOANS BE THE NEXT BUBBLE TO BURST? Speaker: Heather Jarvis, JD Student Loan Expert Student debt levels rose more than twice as fast as inflation over the past decade. Seven in 10 undergrads borrow student loans, and graduate and professional students routinely borrow mortgage sized amounts. Join attorney and nationally recognized student loan expert Heather Jarvis for a fast paced and content rich keynote presentation. Get the key facts about interest rates, forgiveness provisions, the private refinancing market, and legislative proposals for change. Bring your toughest questions because the expert is in the house! Heather Jarvis

4 Speaker: Heather Jarvis, JD 4:50 PM 5:50 PM ECONOMIC UPDATE Speaker: Libby Cantrill, CFA PIMCO In this presentation, Libby will discuss the political environment and the impact on the markets. Libby Cantrill Approved CE: 1 CFP, IMCA has accepted this program for 1 hour of CE credit towards the CIMA, CIMC and CPWA Speaker: Libby Cantrill, CFA 6:00 PM 7:30 PM COCKTAILS/DINNER/ENTERTAINMENT Wednesday, October 19, :30 AM 8:00 AM BREAKFAST ON THE GO/NETWORKING WITH PARTNERS 8:00 AM 9:00 AM CUTTING EDGE TAX PLANNING DEVELOPMENTS & OPPORTUNITIES Michael Kitces Speaker: Michael Kitces, MSFS, MTAX, CFP, CLU, ChFC, RHU, REBC, CASL Pinnacle Advisory Group 2013 marked the dawn of a new environment for income and estate tax planning for the first time in more than a decade, there were no more scheduled fiscal cliffs and no more sunset provisions, and instead the outcome of the American Taxpayer Relief Act was permanent tax legislation. Of course, permanent only remains so until another Act of Congress changes it, but nonetheless the new tax environment, with its new top tax brackets for income taxes, longterm capital gains, and qualified dividends, along with the new Medicare taxes, have created new planning complexities. In this session, we look at the planning opportunities in today s environment, from Roth conversions and capital gains harvesting to asset location and AMT planning, and how to strategize on income planning issues going forward. Approved CE: 1 CFP, 1 MI Ins (Life), IMCA has accepted this program for 1 hour of CE credit towards the CIMA, CIMC and CPWA Speaker: Michael Kitces, MSFS, MTAX, CFP, CLU, ChFC, RHU, REBC 9:00 AM 10:00 AM HOW TO PREPARE FOR AN RIA REGULATORY AUDIT Speaker: Chad Hartwick Director of Compliance for RIA in a Box This presentation, led by a former regulator, will help both state and SEC registered RIA firms better prepare for and understand the investment adviser audit process. Topics that will be covered include how to establish an effective compliance program that can be demonstrated during an exam, the key components of an exam, and the possible outcomes of such an exam. Chad Hartwick Approved: 1 CFP, 1 MI Ins (Life), IMCA has accepted this program for 1 hour of CE credit towards the CIMA, CIMC and CPWA Speaker: Chad Hartwick

5 10:00 AM 10:30 AM NETWORKING BREAK/VISIT WITH PARTNERS Breakout Session 4 10:30 AM 11:20 AM BASICS FOR RETIREMENT PLAN DESIGN Dale Essenmacher Speaker: Dale Essenmacher VP Sales for Newport Group This presentation should be attended by advisors who are looking to grow their advisory practice in the retirement plan market. We will discuss who to look at within your current private wealth book of business to increase your revenue on those same clients. This session will educate you, the advisor, on the importance of plan design and how it can impact 401k participant balances as well as give you a true differentiator when approaching the retirement plan market. Approved CE: 1 CFP, 1 MI Ins (Life), IMCA has accepted this program for 1 hour of CE credit towards the CIMA, CIMC and CPWA Speaker: Dale Essenmacher 10:30 AM 11:20 AM TOP TEN TIPS FROM ELDER LAW ATTORNEYS Sara Rubino Speakers: Sara Rubino, JD and Sara Schimke, JD Jaff Raitt Heuer & Weiss Top Ten Tips from Elder Law Attorneys explains the role of an elder law attorney and answers the ten questions most frequently asked of them. The program is presented by two elder law attorneys, a planner and a litigator, to focus on the pros of planning and the pitfalls of procrastinating. Approved: 1 CFP, IMCA has accepted this program for 1 hour of CE credit towards the CIMA, CIMC and CPWA Sara Schimke Speakers: Sara Rubino, JD, Sara Schimke, JD Breakout Session 5 11:30 AM 12:20 PM GOOD AS GOLD Speaker: George Milling Stanley Vice President, Intermediary Business Group State Street Global Advisors Since the turn of the century gold has rewarded tactical investors, but gold also has a long history as a strategic asset that can help to improve risk adjusted returns in a properly balanced portfolio. George Milling Stanley Approved CE: 1 CFP, IMCA has accepted this program for 1 hour of CE credit towards the CIMA, CIMC and CPWA Speaker: George Milling Stanley 11:30 AM 12:20 PM INNOVATIONS AND OPPORTUNITIES WITH SMART BETA ETFs Speaker: Abby Woodham Deutsche Asset Management Smart Beta funds have been a significant engine of growth for the ETF Industry, already attracting nearly $400 Bn. In this session we will provide an in depth look at the evolution of smart beta solutions and highlight key investment trends in the space. We will also share a due diligence framework for selecting among the large and growing universe of smart beta solutions and provide examples of how investors are utilizing these new and innovative tools. Abby Woodham

6 Speaker: Abby Woodham 12:20 PM 1:10 PM LUNCH/NETWORKING WITH PARTNERS Breakout Session 6 1:10 PM 2:00 PM BASIC OPTION STRATEGIES FOR FINANCIAL ADVISORS Kevin Davitt Speaker: Kevin Davitt Senior Instructor CBOE Options Institute We will address the essential terminology associated with all options trading. The presentation will then cover 3 4 specific options strategies (risks as well as potential benefits) that are often employed by financial advisors on behalf of clients. The Covered Call, ProProtective Put, Equity Collar, and (perhaps) Cash Secured Put Sale will be discussed. Finally, Questions and Answers. Approved CE: 1 CFP, 1 MI Ins (Life), IMCA has accepted ths program for 1 hour of CE credit towards the CIMA, CIMC and CPWA Speaker: Kevin Davitt 1:10 PM 2:00 PM THE FUTURE OF FINANCIAL PLANNING IN THE DIGITAL AGE Michael Kitces Speaker: Michael E. Kitces, MSFS, MTAX, CFP, CLU, ChFC, RHU, REBC, CASL Pinnacle Advisory Group As financial planning shifts from the founding generation of planners (and their clients) to the next, so too does the world around us, as we enter the digital age. Thus far, however, financial planning has been slow to effectively adopt the emerging digital age technologies, from cloud computing to video "phone" calls to internet driven workflows. In this session, we will explore how financial planning will undergo radical change in the coming decades as we truly enter the digital age, from financial planning "apps" for various devices, to what technology will and won't replace in the financial planning relationship, to how financial planning practices must market and communicate to survive and thrive. Approved: 1 CFP, 1 MI Ins (Life), IMCA has accepted this program for 1 hour of CE credit towards the CIMA, CIMC and CPWA Speaker: Michael Kitces, MSFS, MTAX, CFP, CLU, ChFC, RHU, REBC 2:10 PM 3:00 PM SPENDING PATTERNS IN RETIREMENT Sharon Carson Speaker: Sharon Carson, CRPC J.P. Morgan Asset Management Individuals often do not understand how much they might spend in their retirement years, although this information is an important part of an overall retirement plan. The J.P. Morgan Guide to Retirement provides an effective framework for understanding the dimensions of retirement planning from saving to sending to investing. A few slides from the Guide to Retirement will be used to help advisors dispel some common myths related to retirement planning. The session will then transition to a more in depth view of spending patters in retirement. Approved: 1 CFP, 1 MI Ins (Life), IMCA has accepted this program for 1 hour of CE credit towards the CIMA, CIMC and CPWA Speaker: Sharon Carson, CRPC Optional Session

7 3:10 PM 4:50 PM Optional Session: PRACTICING ETHICS: APPLYING CFP BOARD'S STANDARDS OF PROFESSIONAL CONDUCT Sharon Bonnem Speaker: Sharon Bonnem, CFP Kaplan Financial This presentation will start with a review of the journey of the CFP Boards ethics standards from the 1985 Code of Ethics through the current version of the Standards of Professional Conduct. The application of various rules and practice standards will be considered through a series of short case study scenarios that will be presented for discussion. The presentation will conclude with a review of the CFP Board s Disciplinary Rules and Procedures. Note: There is an additional fee for attending the Optional Ethics presentation. Please click here for pricing. Approved CE: 2 CF Ethics Speaker: Sharon Bonnem, CFP