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Title

Tax-Exempt Tact: An Examination of Munis in the New Tax Regime

Event Description

Tax-Exempt Tact: 
An Examination of Munis in the New Tax Regime
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Are Municipal bonds a portfolio “must” or “bust?” While they don’t often garner the attention of equities and higher-yielding parts of the bond market, munis may be an effective sub-asset class for maximizing after-tax returns. The features of municipal bonds tend to be less homogenous, less efficiently priced and tend to have higher optionality than taxable bonds. To make matters more complex, the game board has recently shifted with new changes to the American tax code.
 
On Tuesday, November 13, 2018, come join Craig Pernick, Senior Managing Director from Chevy Chase Trust and Michael J. Stafford Jr., CFA, Managing Director from ASB Capital Management discuss the ins and outs, of the Municipal Bond market. Although taxes are boring, laws and regimes can change overnight. Learn about the fundamentals of the municipal bond market and make your own decision. 
 
Learning Objectives:
  1. Underpinnings of the Municipal Bond Market
  2. Tax implications
  3. Supply/demand issues
Who Should Attend?
  • RIA Employees
  • Portfolio Managers & Analysts
  • Tax Advisors
Speakers
Senior Managing Director, Chevy Chase Trust
 
Craig manages the fixed income investment strategies for Chevy Chase Trust and provides wealth management advice. Additionally, Craig oversees the trading of tax exempt and taxable fixed income assets. Craig has special knowledge of municipal and corporate bond trading and analysis with more than three decades in investment management.
 
Prior to joining Chevy Chase Trust in 2008, Craig managed fixed income portfolios at Asset Management Inc., an independent investment management company where he worked for six years. Craig also worked for sixteen years in institutional fixed income sales and trading with R.W. Corby and Co. and Artemis Capital.
 
Craig earned his undergraduate degree from the University of Michigan and a Masters in Business Administration from Wayne State University. He serves on the Board of Trustees of the Montgomery County, Maryland Public Schools Retirement System Trust and Other Post-Employment Benefits (OPEB) Trust and is on the Investment Committees of The Community Foundation for the National Capital Region and The Bethesda-Chevy Chase Rescue Squad. Additionally, Craig is an emergency medical technician volunteer with the Bethesda-Chevy Chase Rescue Squad.

 
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Michael J. Stafford, Jr., CFA​
Managing Director, ASB Capital Management LLC
 
Mr. Stafford is Managing Director and Director of Fixed Income Investments for ASB Investment Management. He has 30 years of experience in the institutional investment business, including serving as the Chief Investment Officer of The St. Paul’s (now Travelers) life insurance subsidiary. Mr. Stafford is a CFA charterholder, a past president and director of The Baltimore Security Analysts Society and has taught investment analysis in the MBA program at Johns Hopkins University. He is a trustee of the Maryland State Retirement System and serves on the board of the Charlestown Retirement Community. Mr. Stafford is a graduate of Georgetown University and earned an MBA from Loyola Maryland University.

Event Type

Educational

Education Topic

Fixed Income

Start Time

11/13/2018 4:00 PM

End Time

11/13/2018 6:00 PM

City

Bethesda

State/Province

MD

Event Country

United States

Event Region

Americas

Location Info

​Chevy Chase Trust and ASB Capital Management
7501 Wisconsin Avenue
Bethesda, MD 20814

Click here​ for map

Metro: Bethesda (Red Line)

Speaker

 

CE Credits

1.00

SER Credit

0.00

Currency

USD

Member Price

35.00

Non-Member Price

55.00

Candidate Price

55.00

Registration

Must register on site.​
 

Discounts/Refund Policy

Group Discount:

Organizations are eligible for a 10% discount when registering three or more people for an event. All registrations must be received at the same time. Email all discount registrations together to events@cfawashington.org.

Cancellations, Substitution, and Refund Requests

  • Substitutions are welcome at any time
  • Cancelations must be made in writing and emailed to events@cfawashington.org on or before 5 business days prior to the event
  • No refunds will be processed after 5 pm ET, 5 business days prior to the event
  • A $25 administrative fee will be applied to all cancellations
  • Refunds will not be issued for no shows ​

All Day Event

 

Recurrence

 

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Cost

 

Description

 

Begin

11/13/2018 4:00 PM

Attachments

Content Type: MyCFA Calendar
Created at 9/5/2018 12:58 PM by serena.roche@gmail.com[CASMSTS:username]
Last modified at 11/13/2018 6:51 AM by serena.roche@gmail.com[CASMSTS:username]