Independent Portfolio Consultants5002 T-Rex Ave # 225Boca Raton, FL 33431
2011 Annual Wealth Management Conference
Live webcast from Toronto
This event will be held in the conference room at Independent Portfolio Consultants, a local employer. It is a live webcast and will be viewed a High Definition flat screen TV monitor. There will be an opportunity to ask questions through email during the event.
There will be NO lunch served, however, there will be coffee and light snacks during the break. You are encouraged to eat prior to arriving.
DAY 1: Tuesday, May 3, 2010 – 12:45 pm – 5:00 pm
12:45 PM– 2:15 PM
Crisis Lessons from Thrivers, Survivors & Divers: Research on Investment Leadership & Culture
James Ware, CFA, Founder, Focus Consulting Group
The phrase, "Never waste a good crisis" has been noted by many people in reference the global financial crisis. The management, leadership and culture of investment management firms were a clear divider among those firms which thrived during the crisis. James will identify the asset managers that survive the crisis in the best shape and what factors separated the "thrivers" from the mere "survivors". He will review the leadership and cultural factors that explain their success and what lessons are available to asset management leaders.
James is the founder of Focus Consulting Group, a specialized firm dedicated to helping investment leaders leverage their talent. His recent books, Investment Leadership: Building a Winning Culture for Long-Term Success (Wiley, 2003) and High Performing Investment Teams (Wiley, 2006) identify those elements of leadership and teamwork that lead to sustainable success for investment firms. James has 20 years’ experience as a research analyst, portfolio manager and director of buy-side investment operations. He has been a guest lecturer on the topic of investment firm management at the Kellogg Graduate School of Management at Northwestern University. His educational background includes a Masters in Business from the University of Chicago and a degree in philosophy from Williams College, where he graduated Phi Beta Kappa.
2:30 PM - 4:00 PM
Risk Management in a New Financial Era for Private Wealth Clients
Samuel K. Won, Founder & Managing Director, Global Risk Management Advisors Inc.
At the core, most, if not all, of the spectacular financial failures, including those in the last several years, were failures in risk management. In the new era, post the recent financial crisis, what are the key risk management issues that need to be considered and what are industry leaders doing about risk management? Sam will identify what the key elements and considerations for an institutional-quality approach to risk management are and he will review risk-overlay and how these techniques can be utilized effectively for risks defeasance or risk enhancement in private wealth portfolios. He will also explore what advanced investors and asset managers are doing for risk management and what they are doing differently now than before the financial crisis.
Sam is the Founder and Managing Director of Global Risk Management Advisors, Inc., a leading and independent risk management advisory firm that provides risk and investment management advisory services to asset managers and asset owners. He has close to 25 years of risk management, capital markets, trading and portfolio management experience at major financial institutions in the public and private sectors. In the investment management industry, Sam was Chief Risk Officer at Brencourt Advisors, Chief Risk Officer at Ospraie Management, and he headed up investment risk management of over $44 billion in alternative assets for Citigroup Alternative Investments. Sam led trading risk management for customer trading, proprietary trading and capital markets for Citigroup Global Markets, and he played a similar role as Global Head of Risk Management at Dresdner Kleinwort Benson. In the public sector, he was in charge of risk management for the capital markets portion of the bailout of the Savings and Loan industry during the 1980s. Sam played a leading role in creating the risk management section of the Managed Funds Association’s Sound Practices for Hedge Fund Managers and he has advised regulatory agencies, including the SEC, the Federal Reserve Bank, the Office of the Comptroller of the Currency and the FSA, on major risk management, trading and capital markets issues and policies. Sam completed a BA at Northwestern University, attended the Tuck School of Business at Dartmouth College and received a Masters degree from Columbia University with a concentration in International Finance and Economic Policy Management.
4:00 PM - 5:00 PM
Communicating Risk and the Use of Investment Policy Statements
Robert W. Dannhauser, CFA, Head, Advocacy Outreach & Communication, CFA Institute
Clients are more focused on risk than ever before and communicating the level of risk in a portfolio to a client is critical. How should risk be properly communicated to clients? What are the key elements of an investment policy statement describing risk for private clients? What other key elements in investment policy statements should be communicated? How do we make sure that clients are understanding investment policy statements?
Bob is Director of Advocacy Outreach for CFA Institute He has over 25 years’ experience in the investment management business, having served in institutional sales, marketing, and client relationship management roles for a number of leading investment firms. He holds an MBA in finance from the Johnson Graduate School of Management at Cornell University, a MPH in health policy from the University of Medicine and Dentistry of New Jersey, and a BA in political science from the George Washington University. Bob earned the Chartered Financial Analyst designation in 1998, and is also a Chartered Alternative Investment Analyst and certified Financial Risk Manager. He is a member of the International Association of Financial Engineers and the New York Society of Security Analysts, where he chaired the Social Investment Committee.
Earn 4 Hours of PD Credit For This Event!