23 rd Annual Spring Symposium

Transcription

1 23 rd Annual Spring Symposium Tuesday, May 18, 2010 Villanova University The Connelly Center 800 Lancaster Avenue Villanova, PA P.O Box 38 Fairless Hills, PA

2 7:30-8:00am 8:00-9:40am 9:40-10:10am AGENDA Registration and Continental Breakfast Morning Keynote Speaker: Life Planning and the Human Side of Money Presented by: George Kinder, CFP, RLP, Kinder Institute 2 CFP CE Credits (Pending), 1 PA State Insurance CE Credit (Pending) Break with Sponsors 10:10-11:10am Session A Financial Planning Software Showdown William Bissett, CFP, Pinnacle Advisory Group H. Jude Boudreaux, CFP, Director of Financial Planning, Bellingrath Wealth Management 1 CFP CE Credit (Pending) OR Session B Advanced Concepts and Issues in Long-Term Care Insurance Planning Michael E. Kitces, MSFS, MTAX, CFP, CLU, ChFC, RHU, REBC, CASL, CWPP 1 CFP CE Credit (Approved) 1 PA State Insurance CE Credit (Pending) 11:10-11:20am Break with Sponsors 11:20-12:15pm Open Discussion on Life Planning George Kinder and Roy Diliberto OR Understanding the New Medicare Taxes Michael E. Kitces, MSFS, MTAX, CFP, CLU, ChFC, RHU, REBC, CASL, CWPP 1 CFP CE Credit (Pending) 1 PA State Insurance CE Credit (Pending) 12:15-1:15pm Lunch Lunch 1:15-2:15pm Retirement Plans Redefined Robert Mand, Esquire The MandMarblestone Group, LLC 1 CFP CE Credit (Approved) 1 PA State Insurance CE Credit (Pending) OR Innovative Solutions for Managing Portfolio Risk K. Sean Clark, CFA, Chief Investment Officer Clark Capital Management 1 CFP CE Credit (Approved) 1 PA State Insurance CE Credit (Pending) 2:15-2:30pm 2:30-4:15pm Break with Sponsors Afternoon Keynote Address: Investing in a Post-Crash World Presented by: Barry Ritholtz 2 CFP CE Credits (Pending), 1 PA State Insurance CE Credit (Pending) This expanded program offers the flexibility to choose which program you wish to attend. You are able to choose from session A or B where indicated. *** Please note that you must arrive on time and complete a session to receive full CE credit ***

3 PROGRAM Morning Keynote Speaker: George Kinder, CFP, RLP Life Planning and the Human Side of Money Every advisor has experienced clients whose behaviors or unspoken ideas about money create anxiety, cause conflict, or derail the execution of even the most thoughtful recommendations. Clients can even have a hard time being honest about certain financial issues and goals with their own advisor, not to mention their spouse and family. What's going on here? Why are beliefs about money so persistent even when they're painfully counter-productive? And most importantly, how can you work with this "human side of money" to make client engagements more productive and satisfying? In this presentation, we'll dig into this fascinating territory. We'll take a look at recent research, hear the details of how the Life Planning process helps create breakthroughs with clients, and experience some simple but powerful Life Planning goal-setting exercises. And learn how is the most profitable way of doing financial planning Want to know more about what makes your clients tick? Is Life Planning right for your practice? This presentation will help you find out. Financial Planning Software Showdown William Bissett and H. Jude Boudreaux Two financial planning software programs, emoney and Money Guide Pro, go head-to-head in a case study. The presenters will walk through the input and output of a complex financial planning case and discuss the difference in the planning programs. In addition, they will discuss work-around issues, their opinion on the best aspects of the software, and what areas need improvement. The session is intended to help attnendees to see the softward in action with a real case study so they can evaluate the software programs as potential additions to their office. Advanced Concepts and Issues in Long-Term Care Insurance Planning Michael Kitces Although long-term care continues to be widely recommended by financial planners, differences remain in the details of particular policies and the philosophical approaches of how to design policies for individual client needs. This session will focus on some of the advanced issues that planners should be aware of when reviewing LTCi contracts, and will provide guidance on philosophical and structural approaches to determining the right policy design for individual client needs. In addition, the session will also provide strategies for how to model LTCi needs for clients. Open Discussion on Life Planning with Roy Diliberto and George Kinder George Kinder and Roy Diliberto This is your opportunity to Ask and Listen to the FPA of Philly members most pressing questions about life planning with two of the life planning movement s most influential and studied experts fielding the questions. Understanding the New Medicare Taxes Michael Kitces With the passage of the new healthcare legislation in late March of 2010, Congress has implemented a series of new Medicare taxes on both earned and unearned income starting in In this session, the presenter will explore the technical rules that will apply to the new taxes, and will discuss the planning implications and potential techniques to manage or mitigate the impact of the tax, including steps that can be taken between now and 2012 to prepare for the implementation of the taxes in 2013.

4 PROGRAM Afternoon Keynote Speaker: Barry Ritholtz This session will discuss the following: Investing in a Post-Crash World How we got here, where we are, where we are going... Steps to a Financial Crisis -Credit Market Debt -Fed Funds -Living on Real Estate Withdrawals How the equities have behaved during past secular bear markets -100 Years of the Dow -Cyclical Markets Additional topics will include: Recessionary Bear Markets Composites of Secular Bear Markets Do Markets Forecast the Economy? How Does the '09 Rally Stack Up Against '82 Bull Market Retirement Plans Redefined: 401(k) Secrets Every Financial Planner Should Know Robert Mand In this educational and practical presentation, Robert Mand, a nationally known tax attorney, reveals IRS-approved techniques to show how financial planners my advixse their existing business owner clients or prospective clients to utilize 401 (k) plans, not only as an employee benefit, but also as a way to provide enhanced contributions to business owners and favored employees without increasing the company's contribution expense to other employees. Attendees will leave with a new appreciation and unerstanding of how to deploy their limited time to better serve their clients. Innovative Solutions for Managing Portfolio Risk K. Sean Clark Traditionally, investors and advisors have relied on three primary tools to manage volatility and risk: Diversification, Fixed Income investing and inclusion of alternative asset classes. Modern Portfolio Theory advocates diversification with the ultimate goal of providing the most efficient portfolio as it relates to specific risk and return objectives. The most efficient portfolio is widely known as being on the Efficient Frontier. The Efficient Frontier is derived from historical data on asset class(s) returns and standard deviation, and their correlation to each other. In practice, investors use this historical data to create the most efficient portfolio for their return and risk objective. Recognizing that this is historical data, investors understood and expected that returns and standard deviation would change, but most were unaware of the volatility of asset class correlation. The theoretical reasoning was that fixed income is consistently non-correlated with equities. Unfortunately, during the most recent market decline, fixed income, specifically the corporate and mortgage sectors became highly correlated with the equity markets. Thus, the primary risk management tool was broken and clients suffered large declines. This session will discuss a fourth tool to manage volatility and risk - using a "Put Option" strategy on the equity portion of the portfolio to hedge and manage volatility and risk.

5 Directions From the North Take the New Jersey Turnpike to Exit 6 (Pennsylvania Turnpike exit). Follow the Pennsylvania Turnpike to Exit 20 (Mid-County Interchange). Take the second exit ramp (I476 South/Chester). Take I-476 South to Exit 13 (US 30 - St. Davids/Villanova). Go right/east on Route 30 (Lancaster Avenue) for 3/4 mile and at the fifth traffic light turn right onto Ithan Avenue and into the main parking lot. From the South Take I-95 North to Exit 7 (I-476 North - Plymouth Meeting). Take I-476 South to Exit 13 (US 30 - St. Davids/Villanova). Go right/east on Route 30 (Lancaster Avenue) for 3/4 mile and at the fifth traffic light turn right onto Ithan Avenue and into the main parking lot. From The West Take the Pennsylvania Turnpike to Exit 326 (Valley Forge). Take I-76 (Schuykill Expressway) to Exit 331A (I-476 South/Chester). Take I-476 South to Exit 13 (US 30 - St. Davids/Villanova). Go right/east on Route 30 (Lancaster Avenue) for 3/4 mile and at the fifth traffic light turn right onto Ithan Avenue and into the main parking lot.

6 23 rd Annual Spring Symposium 3 CE Credits Towards CFP (Approved) 6 CE Credits Towards CFP (Pending) 5 PA State Insurance CE Credits (Pending) Breakfast and Lunch Included Parking Provided by Villanova University See enclosed Parking Pass PLEASE NOTE! YOU MUST HAVE YOUR INSURANCE LICENSE NUMBER TO RECEIVE CE CREDIT. REGISTRATION FORM Please Print Must fill in all lines completely Name: Guest Name: Company: Address: City: State: Zip Code Phone: FPA Member: $175 Indicate Here if New Member: Non-Member: $250 Student: $75 MUST BE A FULL TIME STUDENT Total Enclosed: If paying by credit card, you must go to our website at: and register there. No credit card payments will be accepted at the door or by fax. If paying by check, please make checks payable to: FPA Philadelphia and mail with your registration form to: FPA Philadelphia Tri-State Area, P.O. Box 38, Fairless Hills, PA *Cancellation Policy: Written notification 72 hours prior to Symposium for refund. No-shows will be billed.

7 23 RD ANNUAL SPRING SYMPOSIUM GOLD SPONSORS Clark Capital Advisor Support Clark Capital Management Group One Liberty Place 1650 Market Street, 53rd Floor Philadelphia, PA Daniel T. Mills Personal Lines Marketing Specialist Chubb & Son, Inc. Four Penn Center, 1600 JFK Boulevard Philadelphia, PA Fax (215) Joseph Simon Pioneer Investments 60 State St. Boston, MA Steve Topley Turner Investment Partners 1205 Westlakes Drive Suite 100 Berwyn, PA fax: Robert Mand The MandMarblestone Group, LLC 2929 Arch Street Suite 600 Philadelphia, PA Janielle Lucas Relationship Manager Schooner Investment Group, LLC 150 N. Radnor Chester Rd., Suite F-200 Radnor, PA Please detach parking pass and display on dashboard for the Spring Symposium. Villanova University FPA Philadelphia Tri-State Area Tuesday, May 18, 2010 Guest Parking Pass Main Lot - Lancaster Ave PLEASE DISPLAY PARKING PASS ON DASHBOARD

8 23 RD ANNUAL SPRING SYMPOSIUM SILVER SPONSORS Christopher Cavanagh Goldman Sachs Asset Management 71 S. Wacker Dr., Suite 500 Chicago, IL Heather Gee The Philadelphia Foundation 1234 Market Street, Suite 1800 Philadelphia, PA Marcel Tsai Director of Financial Marketing Programs Laserfiche 3545 Long Beach Blvd. Long Beach CA x191 fax: Frank Byrd SEI Inc. 1 Freedom Valley Drive Oaks, PA fbyrd@seic.com Anthony Gonzalez Curian Capital LLC 7601 Technology Way Denver, CO anthony.gonzales@curian.com Bill Dougherty, CFA Investment Research Group The Hartford Mutual Funds william.dougherty@thehartfordfunds.com Donald Foster Watson Straub WM Straub Group/Advisor Solutions donfoster@wmstraubgroup.com watsonstraub@wmstraubgroup.com Lee Conti CPS Elite Advisors Insurance Services Von Karman Ave. Suite 150 Irvine, CA lconti@cpseainsurance.com Paul Sloate, President & CIO Green Drake Partners, LLC 175 Strafford Avenue, Suite One Wayne, PA (610) Voice (610) Fax psloate@greendrakepartners.com EXHIBITOR SPONSORS David Benglian Saint Joseph s University 5600 City Ave. Philadelphia, PA dbenglian@sju.edu Vincent Ingui Louviers Mortgage 4839 Limestone Road Wilmington, DE x. 30 vincentingui@louviersmortgage.com Kelley Beach Marsh 99 High Street Boston, MA kelley.beach@marsh.com Louis Horvath Intervention Associates 1777 Sentry Parkway West Dublin Hall, Suite 210 Blue Bell, PA lhorvath@interventionassociates.org Tom Intoccia Charles Schwab Advisor Services 211 Main Street San Francisco, CA thomas.intoccia@schwab.com Thomas C. Laxton Direxionfunds One Newton Place 275 Washington Street Newton, MA laxtont@direxionfunds.com Kerry Harris TD Ameritrade John Galt Blvd., Suite 300 Omaha, NE kerry.harris@tdameritrade.com