Financial Planning Workshop for Experienced & Emerging Financial Planners

Transcription

1 Members $ Non Members $ Designed for 8 hours CPE / Approved for 8 hours KS CLE, 7 hours CFP, and 8 hours KS Insurance credit/missouri CLE Pending Sponsored By: Joseph Groebl, PPC John Kilroy, CPA, CFP

2 The Financial Planning Workshop is designed to update experienced financial planners and to help those interested in becoming a financial planner learn more about the field of expertise. The program is presented by three experienced professionals who will update participants on the new AICPA financial planning standards, the economy, taxation as it relates to financial planning, and an understanding of mutual funds. The program will help young professionals who are interested in pursuing a specialty area by providing an overview of the field and the chance to network with experienced professionals. There are several different practice models, and this is the place to meet the leaders and to brainstorm what might be best for you! A reception following the workshop provides additional networking opportunities with the speakers, sponsors, and participants. 08:00-08:25 Registration SCHEDULE OF EVENTS 08:25-08:30 Opening Remarks & Case Study Introduction Gerry Steffes, CPA/PFS, CFP, President, Steffes Financial, Ltd., Overland Park 08:30-08:55 Beginning a Financial Planning Practice Jerry Love, CPA, PFS, CFP, CVA, ABV, CITP, CFF, CFFA, Jerry Love CPA, LLC, Abilene, TX Client retention is frequently listed in the top five concerns for firms. It is a well-established fact that providing multiple services to your clients increases the retention level. Providing services the client wants or needs develops a stronger connection that providing compliance services. Jerry will explore how providing financial planning services can be a win-win proposition for the professional service firm and their clients. 08:55-09:45 Economic Update Gerry Steffes Gerry provides his annual update on economic trends as well as strategies to take advantage of the current investment environment. Topics include strategic vs. tactical asset allocation strategies, US, Europe, fracking, and gold trends. 09:45-10:10 New AICPA Financial Planning Standards Jerry Love Standards overload is a concern to any professional in practice. The AICPA has recently granted standard making authority to the Personal Financial Planning Executive Committee and the first set of standards for financial planning is on its way. This session will give you an understanding of what these standards contain and help you know if they will apply to what you do for clients. 10:10-10:25 Break 10:25-11:15 Income Tax Planning after ATRA (and any other 2013 tax laws) - John Kilroy, CPA, CFP, Senior Wealth Planner for Wealth and Estate Planning Services, Vanguard Asset Management Services TM In light of the rather unusual New Year s Eve celebration in Washington, you and your clients are faced with greater challenges in keeping more of what is accumulated from Uncle Sam. This session will identify tax planning triggers worthy of your consideration.

3 SCHEDULE OF EVENTS (cont.) 11:15-12:05 Financial Planning Report Card Jerry Love The report card is an assessment for a starting point that can be used to summarize a client s financial situation. It was developed as an interview tool with new clients and as a way of periodically reviewing client progress. Comprehensive financial planning involves the examination of virtually all aspects of a person s financial life: earning and spending, risk management and insurance, tax planning, investments, and estate planning. In many ways, the most important service a financial planner can offer is to provide questions rather than answers. 12:05-01:00 Lunch & Networking 01:00-01:50 Estate Tax Update - John Kilroy Is there buyer s remorse over the flurry of 2012 year-end estate planning activity among your ultrahigh-net worth clients? Are many of your clients saying, "I don't have $5 or $10 million so I don't need to do estate planning? This session considers how estate planning may best work in this new "permanent" environment. 01:50-02:40 Understanding Mutual Funds: Common Investment Mistakes Gerry Steffes While many investors may own mutual funds or Exchange Traded Funds, few really understand them. With hundreds of companies offering thousands of funds, how do you choose? What should you look for in management tenure, expense ratios, star ratings and portfolio turnover? Where do investors make mistakes? The more you learn about common investment mistakes, the more likely you and your clients will be able to make smart money decisions when investing for the future. 02:40-02:50 Break Cookies! 02:50-03:40 Can I retire early? Jerry Love Will you and your clients have enough saved to retire in the style accustomed to? This session explores aspects of starting early, discusses the fund it yourself model, and explores pay out rates in light of life expectancy that may show you will outlive your retirement savings. 03:40-04:30 Trusts as Beneficiaries of an IRA John Kilroy An increasing amount of net worth in this country is housed in IRAs and similar retirement plans that require the naming of beneficiaries. Many such account owners are advised to, or on their own (ouch), name one or more varieties of trusts somewhere in the beneficiary lineup. While the intentions may be good, the outcome may be anything but good. This session serves as a value add for you and your clients. 04:30-05:30 Conference Adjourns Reception Begins Be sure to schedule this time to network with speakers and other participants about what you learned and how you can achieve success in your practice!

4 SPEAKER BIOS 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 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.

5 SPEAKER BIOS (cont.) 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. Financial Planning Workshop Experienced & Emerging Financial Planners