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When: February 15th, 8:30 am - 5:00 pm
Where: UCI Student Center
RSVP: By Noon on Friday, February 10th
*Our meeting fee is changing from $15 to $20 this year due to increased costs of hosting the event (parking alone went from $6 to $10!). We work hard to bring you great value at these meetings and welcome your feedback to improve them.
$20 Members*, $125 Non-Members,
and free for first time visitors.
Online registration closes at Noon on 02/10/2012.
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Registration check-in opens at 8:30 a.m. and the morning session will begin at 9:00 a.m.
Greg Jones
Session Title:
Building Value from Compliance, Ethics and Enterprise Risk Management
1 hour of CFP CE (pending)
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A look at the increasing regulatory requirements and how a firm’s efforts to meet the new rules can create additional value for the organization.
The presentation includes guidance on how and why to integrate ethics, compliance, and enterprise risk management to go beyond a checklist approach to the regulations.
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Greg Jones joined Trust Company of America in 2005 and currently serves as chief compliance officer.
Mr. Jones has over 17 years experience in the financial services industry. His areas of expertise include regulatory analysis, risk management, and compliance procedure design. He has a strong background designing the procedures and tools needed to meet evolving business and regulatory requirements.
Before joining Trust, he served as chief compliance officer at HybridTrading, LLC. Prior to this, he held a number of positions during his 10 years of service at Charles Schwab. His responsibilities have included anti-money laundering, overseeing regulatory audits, communication with the public, and the design, implementation, and testing of adherence to regulatory procedures.
Mr. Jones earned a master’s degree in mineral economics from the Colorado School of Mines, and a bachelor of science degree in economics from Arizona State University. He holds the FINRA Series 7, 63, 9, 10, 24, 27 and 53 licenses.
John L. Olsen, CLU, ChFC, AEP
Session Title:
Truths and Myths About Annuities
1 hour Insurance CE
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Introduction:
Why any statement that begins with "annuities are..." isn't worth finishing. Screwdrivers, Clawhammers, and Moral Superiority (Why a tool is just a tool). Types of annuities (there are two types, but you've got to make the distinction twice).
How the various types work:
• Deferred annuities: Fixed" (both "declared rate" and "indexed"). What does the term "fixed" refer to? Hint: It's not the interest rate
• Variable
Immediate annuities ("payout annuities"):
• Fixed
• Variable
Myths about Annuities:
"Annuities are too expensive". Which annuities? Compared to what? Funding an IRA with a variable deferred annuity wastes the tax deferral. Tax deferral is always better than currently taxable. An immediate annuity is a "bad investment". (Hint: It's not "an investment")
Q&A Session
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John has 38 years of financial services business experience. He is co-author of two books on annuities and numerous articles on annuities and retirement income planning. His goal is to help his clients and students understand often complicated products and strategies by presenting accurate information about them clearly and with as little bias as possible.
He is currently President of Olsen Financial Group, Director of St. Louis Estate Planning Council, and Investment Advisor Representative of Centaurus Financial.
Steven Romick, CFA,
Managing Partner FPA
Session Title:
Dazed and Confused
1 hour of CFP CE (pending)
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Mr. Romick is a value investor with a proven ability to build strategies with an absolute return focus that have generated superior risk-adjusted returns since their inceptions. As part of the Contrarian Value Strategy that he spearheads, Mr. Romick has managed the $6.7 billion FPA Crescent Fund since its 1993 inception. The Crescent Fund was ranked by Lipper as the #2 Balanced Fund for the ten years ended December 31, 2008 (out of 279 funds in that category), Crescent currently has a total return ranking of 5 (highest ranking) in its category. Crescent carries a Morningstar 5-star rating. Morningtar nominated him as Morningstar nominee for Domestic Manager of the Decade (2009).
Mr. Romick also co-manages hedge funds as part of the Hawkeye strategy ($550 Million AUM) as well as the Multi-Advisor Strategy ($207 Million AUM). First Pacific Advisors manages equity, fixed, and alternative strategies with $17 Billion under management.
He began his investment career in 1985 with Kaplan, Nathan & Co as an analyst. He started his own firm, Crescent Management, in 1990 in order to focus on finding out-of-favor, low risk/high return investments in various parts of the capital markets.
Mr. Romick serves as a member of Arden Group, Inc. Board of Directors and as its Audit Committee Chair. His philanthropic involvement includes serving as a member of the Board of Directors of Cedars Sinai Medical Center, Our House, and Phase One as well as Trustee and Treasurer at Wilshire Boulevard Temple.
Mr. Romick earned a BS in Education from Northwestern University and is a CFA Charter holder.
Assets under management (AUM) as of October 2011
Mike Shockley, CFP®, J.D., MBA
President
Orange County Chapter
Session Title:
President's Message
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Dorian Mintzer, Ph.D.
Session Title:
Retirement Planning for Financial Planners
1.5 Hour CFP CE
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Retirement in the 21st century is a different picture than 20th century retirement. There are now 20 -30 “bonus years”—which are thought of as an “extended middle age” rather than longer “old age.” Retirement is less of a destination and more of a journey. The emphasis is now on what you’re retiring to rather than what you are retiring from. Part of the current task is confronting stereotypes of aging for ourselves and our clients. It’s important for financial planners to understand that it’s money, but more than money when it comes to helping clients with retirement planning. Other issues include if, when and how to retire, time together and time apart, intimacy and sexuality and changing roles and identities. Also important are health and wellness issues, obligations with family, deciding where to live, friends and community, finding purpose and meaning in life and decisions about one’s financial and non-financial legacy.
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Dorian Mintzer, M.S.W., Ph.D., is a licensed Psychologist, Life and Retirement Transition Coach, Couples Relationship Coach, Executive Coach, Consultant, Writer, Teacher and Speaker. She is a Licensed Third Age Coach and a 2Young2Retire Certified Facilitator. She facilitates workshops and speaks to community and professional groups on topics related to Retirement Transition Planning, Positive Psychology, Mid-Life Issues and “What do I want to do with the Rest of my Life?” She is founder of the Boomers and Beyond Special Interest Group for Interdisciplinary Professionals. She utilizes her life experiences, clinical work and expertise in adult development and life and retirement planning in her work to help individuals and couples navigate the second half of life. She also facilitates groups for individuals and for couples. In addition she consults with professionals and provides communication training workshops. She is co-author of The Couples Retirement Puzzle: The 10 Must-Have Conversations for Transitioning to the Second Half of Life, which was published in April, 2011. She is a member of The National Speakers Association and the Life Planning Network. You can learn more about Dorian at www.revolutionizeretirement.com and www.couplesretirementpuzzle.com.
Sharon Lacy, CFP®
Bedrock Capital Management, Inc.
Session Title:
Maximizing Social Security Benefits
1 Hour CFP CE
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Sharon will give you keys to maximize benefits over your clients’ retirement years. We will also discuss some sociological factors, such as the affluent having access to better health care, thereby increasing their life expectancy past some actuarially-determined life.
We start with the fundamentals of Social Security, how the wage base is calculated, and how the benefits are calculated. From there, we will explore various options that are available to married couples, such as electing to take spousal benefits now and switching to your own benefit schedule later. You will discover Social Security minefields that you did not know exist; these might cost or benefit your client in the tens of thousands of dollars.
Maximizing lifetime benefits is analyzed on a Net Present Value basis, not the simply some break-even analysis of living past some future date. Each married couple is different, with different earnings histories, different ages, and the options for a variety of start dates. Sharon has developed a spreadsheet that analyzes these factors and comes up with specific recommendations for each spouse. Input your client’s specific information from current Social Security benefit information and run scenarios. As a bonus, Sharon will make this Excel tool available to anyone who attends.
Bring your questions and scenarios as we will reserve time for Q&A based on your client situations.
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Sharon Lacy is Chief Compliance Officer of Bedrock Capital Management. She is a CERTIFIED FINANCIAL PLANNER™ professional and is a member of the Financial Planning Association. She specializes in financial planning and process automation within the firm. Sharon joined Bedrock in 2006 after a career in software engineering with Hewlett-Packard. She earned a B.S. in Electrical Engineering from The University of Washington in Seattle and an M.S. in Computer Science from The University of California at Davis.
*LATE FEE POLICY
A $15 late fee will be assessed for any member or non-member that registers
after the online registration deadline (i.e. after Noon on the Friday before the event).
Processing registrants after the Friday deadline impedes the pre-meeting preparation process
by our volunteers (preparing handouts, CE sheets, etc.).
This late fee will be waived for anyone that volunteers to work at the meeting registration desk at the subsequent quarterly meeting while wearing a polka-dotted bow tie
(okay, we're kidding about the bow tie but the late fee is no joke - register on time!).
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