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2011 WEALTH MANAGEMENT CONFERENCE
September 19-20, 2011 - Ritz-Carlton Beach Resort, Naples, FL
The 2011 Conference Curriculum
Monday, September 19, 2011
8:00 am - 8:30 am - Registration
Name Badge Laynards Sponsored by: MainStreet Advisors
8:00 am - 8:30 am - Continental Breakfast
Sponsored by: The Bank of Tampa Trust
8:00 am - 2:00 pm - Exhibitor Set-Up
8:30 am - 9:45 am - Session 1
"Throw Out The Old Rules And Standards: Trustee Liability And Damages"
Dominic J. Campisi
Attorney
Evans, Latham and Campisi
Recent surcharge cases impose difficult burdens on trustees, including the hard Knox cases on diversification, damage remedies in the latest J.P. Morgan Kodak accounting case, and damages remedies for conflicts, unjust enrichment and offsets in Uzyel v. Kadisha. Fat tails, kurtosis and skew, state preference theory, fluctuating equity risk premia, value at risk and other developments demand close attention to your investment schemes which may make no sense in the current financial world. Don’t let imbedded investment structures push you into the headlines.
9:45 am - 10:00 am - Refreshment Break
10:00 am - 11:15 am - Session 2
"Hedging - Protecting Wealth After the Great Recession"
Steven Davenport, CFA
Director of Equity Risk Management
Wilmington Trust
The period of the “Great Recession” will be studied for years to come. We come away from it with several lessons learned as wealth managers, asset managers and fiduciaries. There has been a movement towards global diversification and an desire to implement an endowment model. The pursuit of less liquid and more global exposure exposed clients to opportunities but they also carried risks. We are part of a dynamic global economy which must be taken into account in pursuing investment ideas. A discussion about protecting wealth in recovery phase also needs to bring up the idea of leverage. It can be used effectively but there needs to be a clear and a well defined purpose for the usage. During the last five years, obtuse structures and products were sold with incomplete understanding. Derivatives are a part of the story which will continue to dominate financial markets. Our discussion with clients about hedging and preserving wealth needs to include the concept of insurance. While Washington D.C. is grappling with budget and debt ceiling, the regulators are putting reforms in place from the Dodd & Frank bill. Banks play an integral role in the functioning of economy and ultimately in our clients lives. The level of fiduciary care will be even more valuable as we reestablish the trusted advisor role with our clients. A holistic view of wealth needs to incorporate risk management.
11:15 am - 11:30 am - Trust Division Chairman’s Report
Mary Biggs Knauer
Senior Vice President/Trusts and Investments
First Guaranty Bank
11:30 am - 1:00 pm - Trust Awards Luncheon
1:00 pm - 2:15 pm - Session 3
"Recent Developments in Federal Taxation"
Kevin A. Kane
Ivan, Cole, Bonnette & Kane
The program will provide a timely update of changes to the federal tax law by reviewing the year’s most significant, and occasionally interesting, legislative, regulatory and case law developments. The program will also provide commentary on the what these changes mean to you, your clients, and your beneficiaries and how to react to these changes.
2:15 pm - 2:45 pm - Refreshment Break in Exhibit Hall
Sponsored by: First Guaranty Bank & Trust
2:45 pm - 4:00 pm - Session 4
"Planning Pitfalls - Unintended Consequences of Divorce"
A. J. Rohe, III
Attorney/Owner
Rohe Law
This presentation will cover Florida law on the division of assets and debts when there is a divorce. It will also touch on how those issues are handled when the parties are not married. The purpose of this presentation is to raise awareness of the unintended consequences of giving wealth management advice without taking in to consideration the possibility of divorce.
4:00 pm - 4:15 pm - Refreshment Break in Exhibit Hall
4:15 pm - 5:30 pm - Session 5
"Decanting"
Diana Zeydel
Attorney
Greenberg Traurig Law
5:30 pm - 7:00 pm - Reception in Exhibit Hall
Co-Sponsored by: Trust Management Networks
Dine Around Food Stations Sponsored by:
CCH Trust Services
Charles Schwab
FCI-Financial Counselors, Inc.
FinTech Securities, LLC
FIS
Thomson Reuters
Tuesday, September 20, 2011
8:00 am - 12:00 pm. - Registration Desk Open
8:00 am - 9:00 am - Breakfast in Exhibit Hall
9:00 am - 10:15 am - Session 6
"Ethics"
Mary Merrell Baily, Esq.
Managing Partner
Bailey Zobel Pilcher
As Trustee, you share the same client with CPA, Attorney, and Doctor. Separately, each of you knows that client has a medical condition that makes client an unsafe driver. What ethical obligations do you have as a member of your profession to stop your client from driving? Florida law says one thing, your licensing board says another, and you can’t sleep at night knowing client is behind the wheel. Morals, ethics, and the law conflict – and you are caught in the middle.
10:15 am - 10:45 am - Refreshment Break in Exhibit Hall
Sponsored by: Transitions Management Estate Services
10:45 am - 12:00 pm - Session 7
"The Da Vinci Code (The Sequel):
More of Leo’s Secrets for Building Your Book of Business"
Gary Zino
Senior Vice President
Regions Morgan Keegan Trust
This presentation will be a follow up to one done previously in 2006 on this same subject. It will examine DaVinci’s Seven Life Principles and applying the lessons that lie within them to help us deliver exceptional customer service and expand our book of business.
12:00 pm - 1:00 pm - Lunch & Speaker
Sponsored by: Federated Investors
" Economic and Market Outlook"
Linda Duessel
SVP/Senior Portfolio Manager and Equity Market Strategist
Federated Investors
1:00 p.m. - Adjournment
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Registration Fees Per Person:
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Trust Division Member
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$299.00
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$349.00
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FBA Member
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$325.00
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$375.00
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FBA Non-Member
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$650.00
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$750.00
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Lunch/Reception Fee for Spouse/Guest
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$50.00
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$50.00
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