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DON'T MISS THIS EVENT!


When: Wednesday, August 16, 2017 - 8:30 AM - 4:30 PM
Where: UCI Student Center
RSVP: By Noon on Friday, August 11, 2017

We anticipate offering 5.0 CFP CE and 5.0 CPA CPE.
Register for Quarterly Meeting


Also: Join us for a Cocktails and Conversation happy hour immediately following the meeting at Eureka right across the street! See details below.

*Click here to view our late fee policy.


FPA Orange County Wade D Pfau, PhD, CFA,
Professor of Retirement Income,
The American College

Session Title:
Reverse Mortgages: How to use Reverse Mortgages to Secure Your Retirement

Sponsored by

Level of Complexity: Overview

1 CFP CE
1 CPA CPE


 

Reverse mortgages were generally treated as a last resort option after other resources were depleted, or as a way to obtain quick access to a large lump-sum of assets. This is not the appropriate way to think about reverse mortgages in a retirement income plan, especially in light of recent research. The reverse mortgage option should be viewed as a method for responsible retirees to create liquidity for an otherwise illiquid asset, which in turn can create new options that potentially support a more efficient retirement income strategy (more spending and/or a greater legacy). After providing an overview of retirement income planning, which sets the context for understanding the potential role of reverse mortgages, this presentation explains the basics for how reverse mortgages work and overviews their potential uses in a retirement income plan.

Learning Objectives:

  • Identify how a reverse mortgage works
  • Address how reverse mortgages can contribute to a risk management strategy for retirement
  • Understand the mechanisms whereby reverse mortgages can coordinate with retirement spending from investments

Wade D. Pfau, Ph.D., CFA, is a Professor of Retirement Income in the Ph.D. program for Financial and Retirement Planning at The American College in Bryn Mawr, PA. He also serves as a Principal and the Director of Retirement Research for McLean Asset Management and inStream Solutions. He is a past selectee for the InvestmentNews “Power 20” in 2013 and “40 Under 40” in 2014, the Investment Advisor 35 list for 2015 and 25 list for 2014, and Financial Planning magazine’s Influencer Awards. He is a two-time winner of the Journal of Financial Planning Montgomery-Warschauer Editor’s Award, a two-time winner of the Academic Thought Leadership Award from the Retirement Income Industry Association, and a best paper award winner in the Retirement category from the Academy of Financial Services. He is also a contributor to the curriculum of the Retirement Income Certified Professional (RICP) designation. He is a co-editor of the Journal of Personal Finance. He has spoken at the national conferences of organizations such as the CFA Institute, FPA, NAPFA, AICPA-PFP, and AFS. He holds a doctorate in economics from Princeton University and publishes frequently in a wide variety of academic and practitioner research journals. He hosts the Retirement Researcher website, and is a monthly columnist for Advisor Perspectives, a RetireMentor for MarketWatch, a contributor to Forbes, and an Expert Panelist for the Wall Street Journal. His research has been discussed in outlets including the print editions of The Economist, New York Times, Wall Street Journal, and Money Magazine. See his Google+ profile for contact information.




FPA Orange County Wade D Pfau, PhD, CFA,
Professor of Retirement Income,
The American College

Session Title:

Sustainable Spending for Retirement

Level of Complexity: Intermediate

1 CFP CE
1 CPA CPE

  This session will focus on the probability-based school of thought on retirement income developed by financial planners since the 1990s. The concept of safe withdrawal rates and the 4% rule developed from William Bengen’s analysis of the U.S. historical data. After explaining his approach and further refinements to the core methodology, the session shifts to consider the impacts of a number of key issues and assumptions behind the 4% rule. Ultimately, more sophisticated methods are required and described. Finally, guidance will be provided on thinking more broadly about a retirement income strategy that moves beyond studying sustainable withdrawal rates from a financial portfolio.

Learning Objectives:

  • Attendee will understand Bengen's approach and further refinements to the core methodology and the impacts of a number of key issues and assumptions behind the 4% rule
  • Planner will think more broadly about a retirement income strategy that moves beyond studying sustainable withdrawal rates from a financial portfolio

Wade D. Pfau, Ph.D., CFA, is a Professor of Retirement Income in the Ph.D. program for Financial and Retirement Planning at The American College in Bryn Mawr, PA. He also serves as a Principal and the Director of Retirement Research for McLean Asset Management and inStream Solutions. He is a past selectee for the InvestmentNews “Power 20” in 2013 and “40 Under 40” in 2014, the Investment Advisor 35 list for 2015 and 25 list for 2014, and Financial Planning magazine’s Influencer Awards. He is a two-time winner of the Journal of Financial Planning Montgomery-Warschauer Editor’s Award, a two-time winner of the Academic Thought Leadership Award from the Retirement Income Industry Association, and a best paper award winner in the Retirement category from the Academy of Financial Services. He is also a contributor to the curriculum of the Retirement Income Certified Professional (RICP) designation. He is a co-editor of the Journal of Personal Finance. He has spoken at the national conferences of organizations such as the CFA Institute, FPA, NAPFA, AICPA-PFP, and AFS. He holds a doctorate in economics from Princeton University and publishes frequently in a wide variety of academic and practitioner research journals. He hosts the Retirement Researcher website, and is a monthly columnist for Advisor Perspectives, a RetireMentor for MarketWatch, a contributor to Forbes, and an Expert Panelist for the Wall Street Journal. His research has been discussed in outlets including the print editions of The Economist, New York Times, Wall Street Journal, and Money Magazine. See his Google+ profile for contact information.



 

Lunch (Be sure to check out our healthy option section!)

 


FPA Orange County Jason Wenk,
CEO/Chief Investment Strategist
FormulaFolios & Retirement Wealth Advisors

Session Title:
How to Use the Internet and Smart Financial Planning to Substantially Grow Your Practice

Level of Complexity: Intermediate

1 CFP CE
1 CPA CPE

 

The presentation will have two educational elements: 1) How financial planners can intelligently use the internet to attract clients interested in comprehensive financial planning; and 2) How to deliver financial plans that clients really want and meaningfully improve their lives.

Learning Objectives:

  • How to craft utilize the internet to attract potential clients quickly and at a very low cost
  • How to position financial planning in a unique way that gets clients excited and engaged in the process
  • How to build financial plans that focus on the concepts clients benefit most from and are most likely to implement and stay committed to

Jason Wenk is the founder and CEO of FormulaFolio Investments, an RIA firm with $1.8 billion in Assets Under Management and creator of Results in Advance Planning. While at the helm of FormulaFolios, the company has become one of the largest and fastest growing investment advisory firms in the USA. In 2016, the firm was ranked as the 15th fastest growing private company in the US by Inc Magazine and was also named to the Financial Times Top 300 Advisers list. In both 2015 and 2016, Jason was named the Newsmaker of the Year by the Grand Rapids Business Journal (where FormulaFolios is headquartered). Jason lives in South Orange County and has run FormulaFolios in a virtual capacity since the firms founding in 2011.




FPA Orange County David MacLeod, CFP®, CFA
President,
FPAOC

President’s Message and Chapter Announcements
 

 



FPA Orange County Rodney C. Zeeb, JD, HDP™,
CEO,
The Heritage Institute

Session Title:

Starting “THE” Conversation with Your Client

Level of Complexity: Overview

1 CFP CE
1 CPA CPE

  Creating alignment with your clients starts with understanding their core values and then connecting your plans to those values. It is a conversation clients want to have. According to a US Trust study:
  • 34% of affluent clients want to have the values conversation with you in their first meeting, and 90% want to have that conversation in the first several meetings;
  • 89% of advisors think they are having that conversation with their clients, but only 55% of clients think they are having it with their advisors, and less than half of clients are satisfied with the conversation they had with their advisor;
  • 46% of affluent clients would select an advisor BECAUSE they were having the values conversation with them.

We will discuss an easy, systematic way to help your client clearly identify and prioritize their most important values and principles.

Learning Objectives:

  • Helping your client imagine and describe their most deeply held desired outcomes
  • Helping your client quantify the value to them to fulfill those outcomes
  • Providing them outcome based solutions that directly tie to the desired outcomes they described

Rod Zeeb is the Co-Founder and CEO of The Heritage Institute, and co-developer of The Heritage ProcessTM. The Heritage Institute provides training in the discipline of Heritage Design, and professional certification in The Heritage ProcessTM .

Rod has over two decades of experience in estate planning, charitable planning, and heritage design and is recognized internationally for his contributions to the field. Rod has spoken to INSITE (Pershing), MDRT, NAIFA, AFP, Woodbury, National Network of Estate Planning Attorneys, ING, Securities Industries and Financial Markets Associations (SIFMA), NAPFA Advanced Planners/Larger Firm Initiative, United Way of America National de Tocqueville Conference, PPP, FPA, International Association of Advisors in Philanthropy, and many others. Rod has been quoted in The Wall Street Journal, The Christian Science Monitor, Dow Jones News, Macleans Magazine (including international editions), Wealth Collection Magazine, Financial Advisor Magazine, Wealth Manager Magazine, Inside Information, Boomer Magazine, Investment News, Research Magazine, and many other print and online publications.

Rod is the co-author of the book, Beating the Midas Curse, and co-author of the novel, What Matters. Rod graduated Summa Cum Laude from Willamette College of Law in 1986, where he was Editor-in-Chief of the Willamette Law Review.

He provides his time and expertise to many church, charitable, and community organizations, and enjoys travel, golf, and other activities with his children, Christina and Ryan, Ryan’s wife, Kristin, and his grandchildren, Alexa, JD and Tyson.




FPA Orange County David Grau Sr, JD,
President and Founder,
FP Transitions

Session Title:
Creating Your Legacy by Partnering with the Next Generation

Level of Complexity: Intermediate

1 CFP CE
1 CPA CPE

 

A sustainable business is capable of providing service to clients well beyond the career of the founder or any one individual – part of creating a legacy. But making the leap from a one-generational practice to a sustainable legacy model requires more than just increasing revenue or production. Most businesses need a major structural shift and re-engineering of their compensation system in order to reach the next level and to attract, reward and retain next generation talent. Learn how to effectively recruit and train the next generation of professionals by utilizing both compensation and equity-based strategies. Learn what it means to create an investment worthy business designed for partnering with the next generation. Build enterprise value by partnering with the next generation to support long-term growth and greater value for the business even as the founder begins to throttle-back.

Learning Objectives:

  • Understand business valuation methods, including market-based and equity-based
  • Learn succession strategies for closely held businesses
  • Understand financing and compensation strategies that support profitability and business value

David is the original founder of FP Transitions and is the company’s President. As a former securities regulator and securities attorney, David has spent almost half his life in this industry, helping advisors set their practices up, take them apart, and everything in between. He is the author of Succession Planning for Financial Advisors: Building an Enduring Business, published by Wiley & Sons in 2014. David has also written over 85 nationally published articles on mergers and acquisitions, succession planning, and internal ownership tracks. David was named one of the most influential people in the profession by Financial Planning Magazine and is a nationally recognized expert on succession planning in the financial services industry.




Happy Hour: Cocktails and Conversations

To wrap up the day, join us for Cocktails and Conversation immediately following the meeting at Eureka! Don’t miss this great opportunity to network with your fellow meeting attendees as we enjoy the restaurant’s stellar no-host happy hour conveniently located right across Campus Drive from the UCI Student Center parking garage. Invite your colleagues to join us!

Eureka!
4143 Campus Drive
Irvine, California 92612
(949) 596-8881
For directions Click Here



Be sure to stay for another great raffle! Remember your business cards!




*LATE REGISTRATION POLICY

If you miss our online registration deadline (i.e. Noon on the Friday before the event), we encourage you to take advantage of walk-up registration at the event starting at 8:30 AM. Walk-up registration costs are $15 for Annual Passholders, $45 for FPA members and $180 for non-members. First-time visitors are no charge. Processing registrants after the Friday deadline requires additional work. Thank you for your understanding and assistance!



FPAOC follows the CE guidelines specified by the Certified Financial Planner Board of Standards, Inc., and the California Board of Accountancy. Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.

FPA Orange County

 

FPA Orange County