presents The 15 th Annual Symposium & Exhibition Attend Learn Grow

Transcription

1 presents The 15 th Annual Symposium & Exhibition Attend Learn Grow

2 We are pleased to announce that the FPA of Long Island s 15th Annual Symposium will be held on Friday, October 31st at the Crest Hollow Country Club in Woodbury, NY! Each year, the Financial Planning Association works diligently with their committee members, volunteers, and sponsors to host and provide this annual symposium dedicated to enriching and advancing the skills, knowledge, and overall practice of the financial planning profession. Aside from receiving up to 8 CFP and/or CPA credits and up to 5 New York State life insurance credits. It is our hope that you walk away with a better understanding of a particular regulation, an enlightened idea, or an approach for a targeted market, or a new planning method that will allow you to better serve your clients and enhance your financial planning practice. I am so proud and pleased with this year s line-up of speakers. Our Tax Update Session begins our conference day with a presentation by Richard Bloom, CPA, FPS, MST, Partner, and Michael Rudegeair, CPA, CFP, Senior Tax Manager, with the firm WeiserMazars. Matthew Baker, Vice President of Capital Markets Strategy Group at Fidelity, will discuss investment themes for the coming year in the Opening General Session. During our Luncheon Session you will hear John Diehl, CFP, CLU, ChFC, Senior Vice President of Strategic Markets for Hartford, discuss the new face of retirement planning that will help people prepare to live well in older age. In addition to our nationally recognized Keynote Speakers, we have a treasure of presentations for your selection within our breakout and post conference sessions look through the detailed agenda within this brochure for more information. Plan to attend our 15th Annual Symposium & Exhibition join fellow financial planners, exceptional speakers and inspiring experts in the financial planning field. Please join the conversation and let us know your thoughts and comments about this year s symposium. You can connect with us on Facebook, LinkedIn, or send an to [email protected] and give us your input. I would like to extend my gratitude to Janet Cino, our chapter administrator, our committee members, our volunteers, and all our generous sponsors, whose dedication and efforts make this symposium possible. Sincerely, Craig J. Ferrantino, CWS 2014 FPA LI Symposium Chair

3 Richard J. Bloom, CPA, PFS, MST Partner Richard has more than 20 years of experience delivering specialized personal tax and financial planning services to high net worth individuals, including closely held business owners, executives, and hedge fund managers. He provides tax consulting; income and estate tax planning; federal, state and local tax compliance services; and representation before federal and state tax authorities for such individuals. Richard works with clients on multi-generational tax planning, philanthropic planning, wealth preservation strategies, and risk management. Prior to joining WeiserMazars, Richard held senior executive positions at two prominent family office advisory firms and was National Leader of Trusts and Estates at a major accounting firm. He has over 17 years of Big 4 personal financial planning experience. Richard received his Bachelor of Science in Accounting from the University of Delaware and his Master of Science in Taxation from Seton Hall University. Michael F. Rudegeair, CPA, CFP Senior Tax Manager Michael has over 15 years of experience as a tax and wealth adviser for high-net-worth individuals, trusts, estates, and private foundations. He provides income tax consulting (including personal and fiduciary income tax); transfer tax consulting (including gift, estate, and generation-skipping transfers); federal, state and local tax compliance services; representation before federal and state tax authorities; and trust administration services. Prior to joining WeiserMazars, Michael worked for a multi-family office and two regional accounting firms. His clients include individuals, multi-generational families, family trusts, family limited partnerships, and private foundations, with net worths between $20M and $135M. Michael received his Bachelor of Science in Ag. Economics (Business Management) from Cornell University, a Certificate in Accounting from Hofstra University, and a CFP Certificate from New York University s School of Continuing and Professional Studies. Preconference Keynote Speakers Sponsored by WeiserMazars

4 Matthew S. Baker Vice President, Capital Markets Strategy Mr. Baker is vice president, Capital Markets Strategy Group at Fidelity Financial Advisor Solutions, a division of Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to more than 20 million individuals, institutions, and financial intermediaries. Mr. Baker joined Fidelity in He previously was chief investment officer at Edge Research LLC, a boutique investment management firm in Princeton, New Jersey. He also worked at Alliance Bernstein as a Senior Portfolio Manager. Mr. Baker began his financial services career in 1987 as an options market maker in Philadelphia, after working for Boeing as an aeronautical engineer. Mr. Baker is a CFA charterholder. He graduated from Princeton University with a B.S. in Mechanical and Aerospace Engineering. Opening Keynote Speaker Sponsored by Fidelity

5 John Diehl, CFP, CLU, ChFC Senior Vice President, Strategic Markets John Diehl is senior vice president of Strategic Markets for Hartford Funds. In his current position, John and his team are responsible for engaging and educating both financial advisors and their clients about current and emerging opportunities in the financial-services marketplace. These opportunities range from tactical strategies in areas such as retirement-income planning, investment planning, and charitable planning, to anticipating and preparing for long-term demographic and lifestyle changes. John also oversees Hartford Funds relationship with the Massachusetts Institute of Technology AgeLab. In 1988 John joined PLANCO, a financial products wholesaling firm, and was promoted to assistant vice president in 1991 and vice president in In 1998, PLANCO became part of The Hartford. John was promoted to senior vice president in 2007 while he led The Hartford s Retirement and Wealth Consulting Group, working to build awareness and knowledge of retirement challenges and the latest planning strategies to address them. In 2012, John joined Hartford Funds. John has been widely quoted in both consumer and trade publications such as the Wall Street Journal, Financial Planning, and On Wall Street; he has also appeared as a featured guest on CNBC and Bloomberg Television, discussing his views on retirement-related topics. John attended Moravian College in Bethlehem, Pennsylvania, where he earned a bachelor s degree in economics. He has earned his CERTIFIED FINANCIAL PLANNER (CFP ), Chartered Financial Consultant (ChFC ), and Chartered Life Underwriter (CLU ) designations. In addition, he is also FINRA Series 6, 7, 63, and 26 registered and holds a life and variable insurance license. Luncheon Keynote Speaker Sponsored by HartfordFunds

6 2014 Symposium Sponsors Platinum Level Sponsors Fidelity Investments HartfordFunds WeiserMazars LLP Gold Level Sponsors Allianz American Funds American Portfolio Financial Services ICON Investments Lincoln Financial Morningstar Investment Services Mortgage Lending Direct Nationwide Financial New York Long Term Care Brokers, Ltd. NEXT Financial Prudential Annuities Ronald Fatoullah & Associates Vanguard Walton International Group Silver Level Sponsors Access Brokerage Services Advisors Asset Management AMP Strategies Charles Schwab Advisor Services Columbia Management Crump Life Insurance / John Hancock Halliday Financial Invesco Investacorp, Inc. Jackson Principal Funds Security Benefit SEI Investments SterlingRisk TD Ameritrade Institutional Transamerica

7 2014 FPA of Long Island Annual Symposium & Exhibition Crest Hollow Country Club October 31, 2014 AGENDA 7:30 AM Registration 8:00 AM 9:00 AM Pre-Conference 9:00 AM 10:00 AM General Session 10:00AM 11:00 AM Break 11:00 AM 11:50 AM Breakout Session 1 Federal & NY Individual Income and Estate/Gift Tax Landscape Welcome & Announcements Investment Themes for 2014 Break in Exhibit Hall and Continental Breakfast Asset Protection: Elements and Strategies for Safeguarding Wealth 11:00 AM 11:50 AM Breakout Session 1 Managing Healthcare Costs in Retirement 11:00 AM 11:50 AM Breakout Session 1 Advisors Gamma 11:00 AM 11:50 AM Breakout Session 1 Elder Law and Estate Planning: The Basics and Beyond 11:50AM 12:20 PM Break Break in Exhibit Hall 12:20 PM - 1:10 PM Breakout Session 2 Planning with Social Security 12:20 PM - 1:10 PM Breakout Session 2 Dynamic Retirement Spending Strategies 12:20 PM - 1:10 PM Breakout Session 2 12:20 PM - 1:10 PM Breakout Session 2 1:10 PM 2:40 PM General Session Reverse Mortgages as a Retirement Planning Tool Investment Strategies Focus on the Fundamentals of the Future Luncheon and General Session Quality of Life 2:40 PM 3:10 PM Break Break in Exhibit Hall Dessert & Coffee 3:10 PM 4:00 PM Breakout Session 3 Planning Opportunities with IRAs and Qualified Plans 3:10 PM 4:00 PM Breakout Session 3 Invest in real Estate Like an Institution 3:10 PM 4:00 PM Breakout Session 3 3:10 PM 4:00 PM Breakout Session 3 4:10 PM 5:00 PM Post Conference 1 Buying and Selling a Financial Planning Practice Sustainable Investing Not Yesterday s Socially Responsible Investing The Changing LTC Planning Spectrum: A Case Study Review 5:10 PM 6:00 PM Post Conference 2 Estate Planning with Annuities

8 FPA of Long Island Symposium Agenda Friday, October 31, :30 AM Registration Desk Opens 8:00-9:00 AM Pre-Conference Session Federal and New York Individual Income and Estate/Gift Tax Landscape Speakers: RICHARD BLOOM, CPA, FPS, MST and MICHAEL RUDEGEAIR, CPA, CFP The session will cover the federal and New York individual income and estate/ gift tax landscape. Included will be a discussion of the current tax rates, exemption amounts, net investment income tax, recent developments, and ideas to consider as part of year end income and estate tax planning. 9:00-10:00 AM Welcome and Announcements Opening General Session Investment Themes for 2014 Keynote Speaker: MATTHEW S. BAKER, CFA Matthew Baker is vice president, Capital Markets Strategy Group (CMSG) at Fidelity Financial Advisor Solutions, a division of Fidelity Investments. CMSG is tasked to provide independent analysis and insights into the capital markets. He is an investment strategist representing mutual fund management across all asset classes to the national institutional intermediary channel, including brokerage, insurance and registered investment advisors. His specialties include equity portfolio management, quantitative research, and marketing. In this presentation Mr. Baker will discuss themes for the coming year. His discussion points will include an economic outlook for the United States; an argument for a secular bull breakout, and where the housing market could be headed. Learn how the surge in U.S. crude oil production and low cost natural gas will stimulate our economy and help us approach energy independence. Many U.S. manufactures are bringing jobs back home. How many??? How about 2-3 million over the next decade? Learn which companies and industries have already announced plans, and how 3-D printing is changing the way many things are made. These are a few of the themes discussed in this presentation, learn what they believe is coming and what it means to your portfolios. 10:00-11:00 AM Break 1 EXHIBIT HALL OPEN Visit with our Partners and Enjoy a Continental Breakfast

9 11:00-11:50 AM Breakout Session 1 Select One Asset Protection: Elements and Strategies for Safeguarding Wealth Speaker: WALDEAN WALL, ChFC, MSFS, CTS This course will provide insurance professionals a general understanding of common practices when dealing with asset protection issues. An overview of asset protection concepts includes the importance of this type of protection, different types of liabilities, definitions, and discussion of ethical means of protecting financial and other types of assets. Basic strategies are covered, including using insurance as a tool that transfers risk, a discussion of different aspects of bankruptcy protection in relation to assets, common ownership methods. Finally, advanced strategies such as business entity planning and how different types of trusts may offer asset protection benefits are presented. (1 CE credit for CFPs and/or CPAs and/or 1 NYS Insurance CE - NYCR ) Managing Healthcare Costs in Retirement Speaker: GRETCHEN S. MILLER, MBA, CFP The cornerstone of retirement income planning is creating predictable and sustainable streams of income to cover essential expenses in retirement. One of those expenses is healthcare. Increasing medical costs, longer life expectancies, elimination of employer provided retiree health plans and the uncertainty of Medicare makes healthcare a critically important aspect of retirement planning. Topics of this presentation will include: understanding and estimating healthcare costs in retirement; what Medicare covers, and what it doesn t, and what it costs; the new healthcare laws under the Affordable Care Act; and strategies to manage and cover healthcare costs in retirement. (1 CE credit for CFPs and/or CPAs and/or 1 NYS Insurance CE - NYCR ) Advisors Gamma: How intelligent financial planning decisions can result in better retirement income outcomes. Speaker: PETER DUGERY This presentation will introduce a concept called Gamma, which is designed to measure the additional expected retirement income achieved by an individual investor making intelligent financial-planning decisions. A retiree faces a number of risks during retirement, some unique to retirement planning and not concerns during accumulation. We will explore five factors that can provide Gamma to a retiree s portfolio: (1) total wealth asset-allocation; (2) dynamic withdrawal strategy; (3) annuity allocation; (4) asset location and withdrawal sourcing; and (5) liabilityrelative optimization.

10 Elder Law and Estate Planning: The Basics and Beyond Speaker: RONALD FATOULLAH, ESQ. This session will focus on the basic concepts of elder law and estate planning that every financial advisor should be aware of. It will also bring attendees up to date on the latest trends and changes in the law. Topics will include Medicaid mandatory managed care, NYS estate tax changes and a review of the latest cases. 11:50 AM-12:20 PM Break 2 EXHIBIT HALL OPEN Visit with Exhibitors Network Time Coffee Break 12:20-1:10 PM Breakout Session 2 Select One Planning With Social Security Speaker: PETER CHANDLER, CFP, MBA This course is designed to give the financial/insurance professional a clear understanding of the importance of Social Security as the foundation of every retirement plan. The course will review the following: Background of Social Security (OASDI); The various OASDI Programs; Eligibility Criteria and How to Calculate Benefits; Strategies to Maximize benefits for Singles and Married Couples (Case Studies); Use of Annuities and IRAs to Maximize Social Security Benefits; and Taxation of Social Security Benefits. (1 CE credit for CFPs and/or CPAs and/or 1 NYS Insurance CE NYCR ) Dynamic Retirement Spending Strategies Speaker: MARIA BRUNO, CFP Presentation will address key themes that advisors are hearing from their clients who are retired, or approaching retirement. These include portfolio strategies ranging from how to invest during retirement, sustainable spending strategies (including review of the 4% spending rule in today s interest rate environment), importance of tax-efficiency, and planning strategies such as Roth conversions. Reverse Mortgages as a Retirement Planning Tool Speaker: ROBERT TOLLIN This presentation will cover what every retiree and financial planner should understand about reverse mortgages. As reverse mortgages are for homeowners 62 years of age or older who have equity in their home, seniors may turn that equity into cash, helping to make ends meet when investments aren t performing as expected; use the money to repay mortgages, then put any remaining funds in a line of credit or withdraw the money as a lump sum or monthly payments to themselves or any combination thereof. In this session, Robert Tollin will aim to educate financial advisors about the ways in which a reverse mortgage can be used to safely and strategically leverage home equity as retirement asset for their clients.

11 Investment Strategies Focus on the Fundamentals of the Future Speaker: ANTHONY J. CAMILLERI The world is changing rapidly. Is your portfolio keeping up? The global economy and equity markets face so many short-term headwinds every year that it s easy to overlook positive developments around the world. Investment professionals are finding many attractive long-term opportunities. In this session Anthony Camilleri will discuss three themes for 2014 and beyond: (1) New geography of investing; (2) Innovation allocation; and (3) Income outcomes. 1:10-1:40 PM Luncheon 1:40-2:40 PM General Session Quality of LIfe Keynote Speaker: JOHN DIEHL, CFP, ChFC, CLU This presentation is based on the premise that to quote Dr. Joe Coughlin, founder and director of MIT AgeLab Retirement planning is about more than money. A focus on finance in retirement is not incorrect, but it is woefully incomplete. Financial advisors can engage clients in by asking the three simple surprisingly pertinent questions revealed in the presentation, and help them begin planning for a meaningful retirement. Many clients are distracted and unengaged, and traditional, numbers-based approaches to financial planning have lost effectiveness. Financial advisors need to initiate a comprehensive, holistic planning discussion that makes an ambiguous retirement future often decades away more tangible to your clients. MIT AgeLab has identified three simple yet revealing questions you should ask your clients to prompt an assessment of how prepared they are to live well in older age, and to help them commit to planning for that future today. The MIT AgeLab (agelab.mit.edu) works with businesses and governments worldwide to develop new approaches, data, and technologies to improve the lives of older adults and those who care for them. Based in MIT s Engineering Systems Division, the AgeLab applies a multidisciplinary and systems approach to invent life tomorrow for people 45 and older including innovations in transportation, longevity planning, health and well-being, and home services. 2:40-3:10 PM Break 3 EXHIBIT HALL OPEN Last Visit with Exhibitors Dessert & Coffee Stations

12 3:10-4:00 PM Breakout Session 3 Select One Planning Opportunities with IRAs and Qualified Plans Speaker: TOM DUNCUN, JD, CLU, ChFC IRA, Qualified Plan, and 403b distribution rules are numerous, filled with exceptions, and in some cases apply consistently across plan types and in other cases apply differently across plan types. We will examine several qualified money issues that consistently generate questions for advisors and clients. Most of the issues we ll look at concern retirement income planning and/or required minimum distributions for IRAs, qualified plans and 403(b)s, but we ll begin our discussion with a look at a common beneficiary designation, the surviving spouse, and what options that surviving spouse has regarding the IRA/Qualified Plan money that was left to them by their deceased spouse. (1 CE credit for CFPs and/or CPAs and/or 1 NYS Insurance CE - NYCR ) Invest in Real Estate Like an Institution Speaker: JESSICA PEREZ Investors today face a perfect storm of challenges in their portfolios. Interest rates are lower than they have been in 6 decades, uncertainty remains in the global equity markets, and inflation is on the horizon with unprecedented fiscal stimulus packages. In order to address these fundamental challenges, investors can increase real assets and diversification in their portfolios. Institutional investors tend to broadly diversify their equity portfolios, including large cap, mid cap, small cap, growth, value, domestic, international, emerging, etc., and fixed income portfolios, including different rating levels for government, corporate and high yield bonds. Investors should consider doing the same for their real assets portfolios. Traditionally, when investing in real assets, investors have most commonly turned to developed real estate, which is the most readily accessible real estate asset class for individual investors. While financial advisors can help investors find the appropriate mix of real assets in their portfolios, we are here to educate you on diversifying your portfolio using the various stages of real estate. There are different ways to invest in real estate. The three main areas we will discuss are WHY investors use real estate, WHERE you can invest in real estate, and HOW to invest. We will review the various risks and return profiles for the different stages of real estate from raw land, land planning, development, and developed real estate. Investors can use the various stages to reduce risk, achieve growth, reduce correlation to the stock market, for diversification, for a potential hedge against inflation, and for potential tax advantages. Certain markets have more demand for real estate than others. We will provide an in depth analysis on where the opportunity exists in the United States. Demand for real estate is driven by population growth, strong job growth, and affordability. Real estate can enhance your portfolio and help diversify your assets. You should consider the different stages of real estate and how each stage can help you achieve your portfolio goals.

13 Buying and Selling a Financial Planning Practice Speaker: BRIAN GRISE This session will cover the following: (1) Overview of many structures and processes for buying or selling a practice. (2) Valuation factors, current market multiples and upcoming trends. (3) Steps to increase the value of a practice. (4) Strategic planning to achieve a successful succession, transition, or continuity plan. Sustainable Investing Not Yesterday s Socially Responsible Investing Speaker: ANDREW FRIEDMAN, CFP Sustainable Investing is defined as an investment approach that integrates longterm Environmental, Social and Governance criteria into investment and ownership decision-making with the objective of generating superior risk-adjusted financial returns (World Economic Forum). Sustainable investing incorporates more than just the shareholder as the only stakeholder in a corporation. The concept of Sustainable Investing has evolved over the years into a measurable matrix of impactful criteria that is becoming more relevant in today s society and investors decision making. Andrew Friedman will discuss these and other pertinent issues about Sustainable Investing. 4:10-5:00 PM Post-Conference Session 1: The Changing LTC Planning Spectrum: A Case Study Review Speaker: ROBERT M. VANDY, CLU, ChFC, LUTCF, CLTC Long-Term Care (LTC) planning continues to be a challenge for many New Yorkers. Public funding programs like Medicare and Medicaid face ongoing fiscal pressure (and NY has even moved to a Medicaid Managed Care model for Home Health Care), and the private LTC Insurance Industry has seen volatility unlike anything it has experienced before. At the same time, in a world formerly dominated by traditional LTC Insurance as its [almost] exclusive funding tool, new options have emerged as potential solutions to this increasing problematic planning problem. In this session, we will look briefly at a history of LTC financing, including both public and private tools that have historically been used. We will consider current sources of LTC cost funding, and provide a backdrop for advisors to consider as their clients plan for a need that may, in practical terms, be 20 or 30 years (or more) in the future. We will use case studies as a means to put various planning and financing goals in their proper context. (1 CE credit for CFPs and/or CPAs and/or 1 NYS Insurance CE - NYCR ) 5:10-6:00 PM Post-Conference Session 2: Estate Planning With Annuities Speaker: CHRISTOPHER J. LYNN In this session, we ll look at the different ways annuities can impact estate planning. Several case studies are discussed to provide the attendee with a wellrounded understanding of annuities. (1 CE credit for CFPs and/or CPAs and/or 1 NYS Insurance CE NYCR- )

14 Enjoy this occasion to rub elbows with the best and brightest in the financial planning profession. Credits Offered: Attendees can earn up to 8 Continuing Education Credits for CFP s and CPAs; 5 NY State Insurance CE credits are also offered for select sessions. See agenda for details Symposium Fee Schedule Before 10/17/2013 After 10/18/2013 FPA Member $ $ Non-Member $ $ FPA Mbr CFP Student $99.00 $ Non-Mbr CFP Student $ $ Online Registration - Preferred Method Go to Anyone interested in attending can go online and register 24 hours a day, seven days a week. Or use the registration form on the next page and follow the instructions given there. Refund Policy: A full refund will be granted as long as you contact us in writing by October 17, Refunds will not be granted after October 17, 2014; however, substitutions can be made at any time at no charge. Symposium Materials: Available for download on October 20, Go to We suggest attendees download course materials prior to the Symposium; this will make it more convenient to follow on your laptop or notepad and those who prefer paper copies can print them out at their convenience. Crest Hollow Country Club 8325 Jericho Turnpike, Woodbury, NY ; website For directions go to Crest Hollow Country Club website Questions? Please contact the Chapter Administrator, Janet Cino: Phone Fax [email protected] Website

15 FPA OF LONG ISLAND ANNUAL SYMPOSIUM & EXHIBITION OCTOBER 31, CREST HOLLOW COUNTRY CLUB, WOODBURY, NY Registration Form - Mail form and payment to: FPA Long Island, 1895 Lincoln Avenue, East Meadow, NY Name: Name for Nametag, if different: Professional Designations: Company: Address: Phone: CFP License #: CPA License #: NYS Insurance License #: Broker/Dealer: Please indicate which sessions you will be attending below: Pre Conference Session (8:00-9:00 AM) Federal and NY Individual Income and Estate/Gift Tax Landscape: m I plan to attend m I do not plan to attend this session Opening General Session (9:00-10:00 AM) Investment Themes for 2014: m I plan to attend m I do not plan to attend this session Breakout Session 1 (11:00-11:50 AM) m Asset Protection: Elements and Strategies for Safeguarding Wealth (NYCR ) m Managing Healthcare Costs in Retirement (NYCR ) m Advisors Gamma m Elder Law and Estate Planning: The Basics and Beyond Breakout Session 2 (12:20-1:10 PM) m Planning with Social Security (NYCR ) m Dynamic Retirement Spending Strategies m Reverse Mortgages as a Retirement Planning Tool m Investment Strategies Focus on the Fundamentals of the Future Luncheon General Session (1:10-2:40 PM) Quality of Life: m I plan to attend m I do not plan to attend this session Breakout Session 3 (3:10-4:00 PM) m Planning Opportunities with IRAs and Qualified Plans (NYCR ) m Invest in Real Estate Like an Institution m Buying and Selling a Financial Planning Practice m Sustainable Investing Not Yesterday s Socially Responsible Investing Post Conference Session 1 (4:10-5:00 PM) m Please check if you plan to attend The Changing LTC Planning Spectrum (NYCR ) Post Conference Session 2 (5:10-6:00 PM) m Please check if you plan to attend Estate Planning with Annuities (NYCR- )

16 1895 Lincoln Avenue East Meadow, NY Community U.S. POSTAGE PAID PERMIT # 14 HUNTINGTON, NY