Protecting / Growing Assets & Planning for Retirement

Transcription

1 Protecting / Growing Assets & Planning for Retirement May 7, 2012 American Century Investments Auditorium 4400 Main St., Kansas City KSCPA Members $215 Non-Members $265 Conference Sponsored by: The conference is designed for 8 hours of CPE. Approved for 8 hours Kansas CLE, 8 hours of Kansas insurance credit, and 7 hours of CFP credit. STEERING COMMITTEE Gerald Steffes, CPA/PFS, CFP, President, Steffes Financial, Ltd. Overland Park Mary Rapp MacBain, CPA.CITP, CGMA, President/CEO, Kansas Society of CPAs, Topeka Christy Poe, Vice President, Investment Only Sales, American Century Investments, Kansas City R. Joseph Groebl, PPC, V Wealth Management LLC, Overland Park Helping companies and individual clients protect, grow and plan for retirement is becoming more urgent and complex, especially given the uncertainty of the economy over the past several years. The KSCPA Wealth Management Conference is an annual event sponsored by the KSCPA for CPAs, CFPs, and attorneys who provide financial and wealth management consulting. The 2012 conference provides the soughtafter Steffes Economic Update and strategies and techniques for every-life-stage financial planning. In addition, the 2012 conference covers new regulations from the Department of Labor which provides opportunities for CPAs and attorneys to help companies protect their employee s retirement assets by serving as trustees and fiduciaries for retirement plans. Using tax returns as a roadmap for financial planning and how to get paid for answering client financial and tax planning questions provide an interesting slant to wealth management. This conference is an excellent opportunity to network with other professionals who are involved in financial planning and wealth management. American Century Investments is sponsoring the event and Paychex and American Century are sponsoring and hosting a reception immediately following the conference. CLICK HERE TO REGISTER TODAY on Or call

2 Protecting/Growing Assets & Planning for Retirement SCHEDULE Monday, May 7, :00-8:25 Registration 8:25-8:30 Opening Remarks, Gerald Steffes, CPA/PFS, CFP, Conference Chair 8:30 10:10 Al Chingren, Vice President, Value Added Sales, American Century Investments, KCMO "Retirement Income Solutions" There has been a significant increase in research regarding retirement planning due to the number of "Baby Boomers" approaching age 65. You should have a working knowledge of topics that may impact successful retirement planning such as Social Security, pre-retirement planning, and retirement income. This session provides an overview of Social Security including eligibility, how benefit amounts are calculated, potential reductions to benefit amounts, and implications for starting early vs. delaying to age 70. Retirement Solutions, Creating Your Blueprint reviews the need to analyze the factors that affect retirement including sources of income, projected expenses, and evaluation of risk. Laying Your Foundation provides a continuation of the Retirement Solutions theme with a focus on building a retirement portfolio and the converting assets to retirement income. This section of the session covers evaluating resources, retirement income strategies, and converting assets to retirement income. 10:10-10:25 Break 10:25-11:15 Jerry Love, CPA, PFS, CFP, CVA, ABV, CITP, CFF, CFFA, Jerry Love CPA, LLC, Abilene, TX Mining for Gold 1 Using the Tax Return as a Roadmap" This session outlines why a wealth management consultant should use a tax return to develop personal financial planning. The tax return provides and overall picture of a client s financial situation. The consultant can use this as a tool to uncover opportunities for planning that a client has overlooked because it provides details of cash flow and the income situation for a client. Used in conjunction with a client s personal balance sheet, Jerry will help participants exploit the tax return as a planning tool. 11:15-12:05 Gerald Steffes, CPA/PFS, CFP, President, Steffes Financial, Ltd., Overland Park "Economic Update and Current Trends" Review the current economic trends impacting the investment markets. Topics will include short-term trends such as oil, inflation, and interest rates, and long-term trends such as equities vs. fixed income investments. 12:05-1:00 Lunch & Networking

3 Protecting/Growing Assets & Planning for Retirement SCHEDULE Monday, May 7, 2012 (con t) 1:00-1:50 Todd Berghuis, JD, Senior Vice President, ERISA Compliance, Ascensus, Brainerd, MN "ERISA Legislative Update" This session will cover the current legislation, regulatory pronouncements, and industry developments affecting qualified retirement plans. Todd gives the inside track to working with the IRS, DOL, and key congressional offices and committees that have an impact on qualified retirement plans. 1:50-1:55 Transition Break BREAKOUT SESSIONS 1:55 2:45 Breakout 1: Gerald Steffes, CPA/PFS, CFP, President, Steffes Financial, Ltd. "Building Financial Roadmaps for Clients" Learn how to help your clients organize their ongoing financial roadmap. Walk away with checklists, worksheets, and a systematic way to add value to your practice. Use this as a referral technique to bring in new business. 1:55-2:45 Breakout 2: Jerry Love, CPA, PFS, CFP, CVA, ABV, CITP, CFF, CFFA, Jerry Love CPA, LLC " Mining for Gold 2 How to Answer Clients Financial & Tax Planning Questions and Get Paid to Do So" From the moment we sign that W-4, until we pass away, Form 1040 is a fact of life. Why do so many people not use this as an effective tool for planning and ultimately creating that nest egg for retirement? Form 1040 is virtually unsurpassed as a road map to a client s financial needs and is an outstanding tool for identifying financial planning opportunities. Jerry leads you down the road that produces profitability for both you and the client. 2:45-2:55 Break BREAKOUT SESSIONS 2:55-3:45 Breakout 1: Bing H. Chen, CFP, Value Added Sales Manager, American Century Investments "Strategic Philanthropy: Making the Most of Charitable Giving" You ve help your clients protect and grow their assets, and with stellar planning, there is enough available for retirement and then some. The founders of American Century Investments are known for philanthropy, and it is a philosophy that permeates the organization. Learn more about the values of philanthropy and how you can help your clients understand their options and make the most out of their charitable giving.

4 Protecting/Growing Assets & Planning for Retirement SCHEDULE Monday, May 7, 2012 (con t) 2:55 3:45 Breakout 2: Scott Revare, CEO & Founder, Center for Fiduciary Management Due Diligence Tools Update: The latest tools and methods to perform the retirement plan investment due diligence process Technology advances (including the ipad) and recent legislative updates around fee disclosure and fiduciary responsibility are transforming the way retirement advisors work and communicate with plan sponsors. This topic covers the state of the market tools and methods that top retirement plan advisors use in prospecting and helping plan sponsors perform investment and plan-level, duediligence activities. 3:45-3:50 Transition Break 3:50-4:40 John Kilroy, CFP, CPA, Senior Wealth Planner for Wealth and Estate Planning Services, Vanguard Asset Management Services Estate & Trust Planning: How to Help Individuals Build a Legacy for Future Generations Wealth planners help individuals plan for retirement and provide for charitable giving, but what about their legacy? John outlines some of the advice he offers to financial advisors to help them provide comprehensive, personalized planning and advice. Topics include estate and trust planning and long-term care needs. John shares guidance that participants can give to clients to help them formulate or reformulate an existing estate plan, which includes the important of coordinating with other professionals. 4:40 5:30 Adjournment of the Conference and the Party Begins Enjoy a reception and meet representatives of our sponsor American Century Investments. THANK YOU TO OUR SPONSORS: Sponsored by:

5 SPEAKER BIOS: Al Chingren, Vice President, Value Added Sales, American Century Investments, KCMO Al Chingren is part of the sales team dedicated to delivering value added sales programs. Al's area of expertise is 401(k) and retirement resources. He is responsible for developing materials in the form of presentations, brochures, and white papers on topics ranging from understanding retirement plan expenses, fiduciary responsibilities, and legislative updates, to retirement plan business development. He has delivered retirement industry updates and sales ideas at national and regional conferences and has spoken on numerous occasions at advisor sponsored meetings providing insights on the 401(k) plans, and retirement industry trends. Al has over 25 years of industry experience in a wide array of qualified-plan arrangements, including 401(k), profit sharing, ESOP, defined-benefit and health/welfare plans. Al most recently was responsible for business development for the Institutional Trust Division of M&I Trust Company for the Kansas City region. Al earned bachelor of science and master of business administration degrees from the University of Iowa. He is Series 6 and 63 licensed and holds the designation of Certified Employee Benefits Specialist. He is a member of the Heart of America Employee Benefit Conference, Southwest Benefits Association, Western Pension and Benefits Conference and ASPPA. Jerry Love, CPA, PFS, CFP, CVA, ABV, CITP, CFF, CFFA, Jerry Love CPA, LLC, Abilene, TX Jerry graduated from Abilene Christian University. In addition to being a CPA, he has also earned the designation of CVA, ABV, CFF, PFS and CFP. He is the sole owner of Jerry Love CPA, LLC. In , Jerry served as Chairman of the Texas Society of CPAs (TSCPA). In , Jerry was the recipient of the TSCPA "Distinguished Public Service Award." In 2006, CPA Magazine listed Jerry as one of the 100 Most Influential Practitioners in America. In 2009, CPA Magazine listed Jerry as one of the 40 Top 40 Tax Advisors to Know During a Recession. Community Involvement Over the past 35 years has served as President or Chairman of more than 14 (fourteen) nonprofit organizations and for several of these organizations he held this office for multiple years. In addition to these roles he has served on over 45 other nonprofit organizations boards in a variety of offices and roles. In , Jerry was the recipient of the TSCPA "Distinguished Public Service Award." Awards/Recognitions o Texas Association of Museums Jo Stewart Randel Outstanding Trustee Award 2006; awarded annually to a person who has made a significant impact on Texas Museums. o Texas Society of CPAs - Distinguished Public Service o Texas Society of CPAs - Outstanding Chapter Award /97 o Abilene Cultural Affairs Council - Art Award 1991 as Outstanding Individual o Outstanding Volunteer Fund Raiser - by National Society of Fund Raising Executives o Texas Jaycees - Selected as one of Five Outstanding Young Texans o Abilene Jaycees - Outstanding Young Abilenian o Eagle Scout

6 Gerald Steffes, CPA/PFS, CFP, President, Steffes Financial, Ltd., Overland Park Gerald Steffes is a Certified Public Accountant, Personal Financial Specialist, and Certified Financial Planner practitioner. He received a Bachelor s Degree in accounting from Kansas State University in 1984 and is a member of the American Institute of CPAs and Kansas Society of CPAs. Gerald has served on the Board of Directors of the Kansas Society of CPAs and is Chair of the Kansas Society of CPA s Personal Financial Planning task force. He is Past President of the Kansas Society of CPA s Metro Chapter, and is a past Adjunct Faculty Member of the College for Financial Planning in Denver, Colorado. He has lectured on tax and financial planning topics for the Kansas Society of CPAs, Missouri Society of CPAs, Johnson County Community College, and the University of Missouri, Kansas City, School of Law. Todd Berghuis, JD, Senior Vice President, ERISA Compliance, Ascensus, Brainerd, MN Todd Berghuis heads the ERISA Compliance Department and oversees all technical research and compliance activities for Ascensus. This includes the technical content of the IRA and qualified retirement plan documents, forms, consulting and education offerings that Ascensus makes available to financial organizations. The ERISA Compliance Department monitors all legislation, regulatory pronouncements and industry developments affecting qualified retirement plans and ensures that these developments are reflected in Ascensus products and services, including Ascensus recordkeeping practice. This department also serves as Ascensus liaison to the IRS, DOL and key congressional offices and committees that have an impact on qualified retirement plans. Todd is a frequent and highly regarded speaker at industry conferences and retirement plan programs for attorneys, financial organizations and trade associates. He served as an ERISA attorney since He received his Juris Doctorate from Hamline University School of Law in 1985 and a bachelor s degree from Concordia College in He joined Ascensus as an attorney in He is member of the American and Minnesota Bar Associations and is active in a number of industry committee s including the American Society for Pension Practitioners and Actuaries where he is the past Chair and current member of that organization s Government Affairs DOL subcommittee and a member of the SPARK organization s Government Relations Committee. Bing H. Chen, CFP, Value Added Sales Manager, American Century Investments Bing Chen is part of the sales team dedicated to delivering value added sales programs. Bing s area of expertise is in practice building solutions for financial professionals. Bing was a financial advisor with MetLife before joining American Century Investments in Prior to joining the Value Added team, Bing held positions on our Fund Analysis and National Accounts teams. Bing holds his CFP designation and is a candidate for Level 3 of the CFA program. He is a graduate of the University of Kansas with an MBA in Finance and is a member of the Financial Planning Association of Greater Kansas City

7 Scott Revare, CEO & Founder, Center for Fiduciary Management Scott is founder and CEO of The Center for Fiduciary Management(CFFM), a technology solutions provider for retirement plan advisors. Scott created CFFM's flagship product, FiRM, as a part of starting CFFM in Six months before starting CFFM, Scott co-founded participant advice company Smart401k. Scott served as CEO of both Smart401k and CFFM until 2010, when he stepped down from the CEO position of Smart401k to become Chairman. Prior to starting CFFM and Smart401k, Scott was a leader in the Finance and Human Resources management and technology consulting practice for Accenture. After a 20 year career, Scott left Accenture as a Partner in early Scott and wife Carla have lived in Kansas City for most of their lives, raising their 3 sons. Scott is actively involved with the Carpenter s Kids, an organization that provides food and necessities to Tanzanian school children orphaned by HIV/AIDS. Scott is also a tennis devotee. John Kilroy, CFP, CPA, Senior Wealth Planner for Wealth and Estate Planning Services, Vanguard Asset Management Services Senior wealth planner John Kilroy is a senior wealth planner for the Wealth and Estate Planning Services group in Vanguard Asset Management Services, where he specializes in income-tax planning and other financial planning topics. Financial experience John has more than 30 years of experience helping individuals fulfill their financial goals. For most of those 30 years, he s specialized in income-tax planning and preparation, particularly for small business owners. Prior to joining Vanguard in 1998, John held positions as a tax consultant and certified public accountant (CPA) for local public accounting firms. Later he established and managed his own CPA practice in suburban Philadelphia. He s been the guest speaker for numerous Vanguard seminars as well as for meetings of external organizations. John also trains and mentors CFP professionals and candidates within Vanguard and has taught on an adjunct basis for the Temple University Certificate of Financial Planning Program. Training and education John holds a bachelor s degree in accounting from Villanova University and regularly participates in Vanguard s extensive in-house continuing education program. He s a member of the Pennsylvania Institute of Certified Public Accountants and the Financial Planning Association.