Share Event

Single-Stock Concentration Risk Management Seminar

Wednesday, September 27, 2017

Members: $10 | Nonmembers: $25

REGISTER TO ATTEND

LiveStream Access: FREE | Available to Members Only
8:00 am-10:00 am

Register for LiveStream

Whether the result of equity-based compensation from employment at public companies, or the rewards of a liquidity event borne of entrepreneurial success, concentrated single-stock positions are relatively common among wealthy individuals. Clients often wish to maintain ownership of some or all of their highly appreciated stock for a variety of reasons, such as tax and estate planning considerations, emotional attachment to the stock and restrictions on the shares. With the stock market at record heights, interest rates ratcheting up, risks seemingly everywhere and the possibility of tax reform still in the air, single-stock risk management has taken on a renewed focus. Ideally, such investors would like to:

• Preserve their unrealized gains at an affordable cost
• Avoid triggering a taxable event and other adverse tax outcomes; and
• Retain all future price appreciation and dividends

In this workshop, moderator Thomas Boczar, and presenters Mark Leeds, Brian Yolles, and Elizabeth Ostrander will review a variety of tools and techniques–some old, some new, some obvious, and some not so obvious–that financial advisors and their clients might avail themselves to achieve these objectives, including a new risk management methodology, referred to as a Stock Protection Fund, for investors seeking to reduce their downside risk over a long-term period, without capping their upside or triggering a reportable event.

Moderator

Tom Boczar, CFA, is CEO of Intelligent Edge Advisors. Tom is expert in the discipline of single-stock risk management, and has structured and arranged the execution of billions of dollars of single-stock hedging and monetization transactions. Tom is a prolific researcher and has authored over fifty published articles, a number of which have won prestigious awards, on issues related to concentrated wealth and the taxation of financial instruments, products and transactions. Tom holds an LL.M. (Taxation) from NYU School of Law, and a J.D., MBA and Masters in Professional Accounting from the University of Miami. Tom holds an Advanced Professional Certificate in Estate Planning from NYU School of Law, and earned the CFA Institute’s CFA designation and IMCA’s CPWA designation. Tom is admitted to the bar in NY and CT.

Mark Leeds is the Tax Transactions & Consulting partner in Mayer Brown’s New York office. His practice is focused on the tax consequences of a variety of capital markets products and strategies, including over-the-counter derivative transactions, swaps, tax-exempt derivatives and strategies for efficient utilization of tax attributes—such as net operating losses. Mark advises on the tax aspects of capital markets, structured finance, derivatives, financial products and insurance transactions and has extensive experience working with both buyers and sellers to develop and structure complex derivatives. A significant portion of his work involves the taxation of financial products and trading strategies engaged in by banks and other financial market participants. He also advises on hedge fund and other investment vehicle formation matters. Mark is a former managing director and senior tax counselor with Deutsche Bank in New York. He also served as the general counsel of a credit derivative company and was a partner at Deloitte & Touche, where he led the capital markets tax practice. A frequent writer and speaker on tax topics affecting the capital markets, Mark is also the editor-in-chief of the monthly publication Derivatives: Financial Products Report.

Brian Yolles Brian is the founder and CEO of StockShield LLC, and the inventor of the Stock Protection Fund methodology, which has won patent protection and delivered cost-effective results throughout the financial crisis. Brian began his career as an equity research associate at Dowling & Partners Securities LLC, an investment banking and capital markets firm specializing exclusively in the insurance industry, and has over 15 years experience developing new and innovative solutions for managing concentrated stock wealth. Brian is an active member of the Global Association of Risk Professionals (GARP). Brian graduated summa cum laude from Yale University and earned his MBA from the UCLA Anderson School of Management.

Elizabeth Ostrander, CFA, is Managing Director and Head of Business Development at Intelligent Edge Advisors, an investment banking and capital markets firm that works exclusively with financial advisors to plan, structure and execute liquidity events for their clients who own privately-owned businesses, commercial real estate and/or highly appreciated positions in a single publicly-traded stock. Elizabeth works with independent broker-dealers, custodians, banks and wealth management firms to make Intelligent Edge’s service offering available to financial advisors and their clients. Elizabeth has authored numerous scholarly articles on various issues surrounding concentrated wealth, and frequently speaks on the topic. Elizabeth holds a B.A. from Boston College and is a CFA charterholder.

Date

Wednesday, September 27th, 2017
8:00 am – 10:00 am

Location

CFA Society New York
1540 Broadway Suite 1010
New York, NY

Fees

Members | $10
Nonmembers | $25

8:00 Check-in & Continental breakfast

8:30 Panel Discussion

Mark Leeds, Tax Transactions & Consulting Partner, Mayer Brown’s New York Office
Brian Yolles, Founder and CEO, StockShield, LLC j
Elizabeth Ostrander, CFA, Managing Director and Head of Business Development, Intelligent Edge Advisors

Moderator
Tom Boczar, CFA, CEO, Intelligent Edge Advisors

10:00 Adjourn

Moderator

Tom Boczar, CFA, is CEO of Intelligent Edge Advisors. Tom is expert in the discipline of single-stock risk management, and has structured and arranged the execution of billions of dollars of single-stock hedging and monetization transactions. Tom is a prolific researcher and has authored over fifty published articles, a number of which have won prestigious awards, on issues related to concentrated wealth and the taxation of financial instruments, products and transactions. Tom holds an LL.M. (Taxation) from NYU School of Law, and a J.D., MBA and Masters in Professional Accounting from the University of Miami. Tom holds an Advanced Professional Certificate in Estate Planning from NYU School of Law, and earned the CFA Institute’s CFA designation and IMCA’s CPWA designation. Tom is admitted to the bar in NY and CT.

Mark Leeds is the Tax Transactions & Consulting partner in Mayer Brown’s New York office. His practice is focused on the tax consequences of a variety of capital markets products and strategies, including over-the-counter derivative transactions, swaps, tax-exempt derivatives and strategies for efficient utilization of tax attributes—such as net operating losses. Mark advises on the tax aspects of capital markets, structured finance, derivatives, financial products and insurance transactions and has extensive experience working with both buyers and sellers to develop and structure complex derivatives. A significant portion of his work involves the taxation of financial products and trading strategies engaged in by banks and other financial market participants. He also advises on hedge fund and other investment vehicle formation matters. Mark is a former managing director and senior tax counselor with Deutsche Bank in New York. He also served as the general counsel of a credit derivative company and was a partner at Deloitte & Touche, where he led the capital markets tax practice. A frequent writer and speaker on tax topics affecting the capital markets, Mark is also the editor-in-chief of the monthly publication Derivatives: Financial Products Report.

Brian Yolles Brian is the founder and CEO of StockShield LLC, and the inventor of the Stock Protection Fund methodology, which has won patent protection and delivered cost-effective results throughout the financial crisis. Brian began his career as an equity research associate at Dowling & Partners Securities LLC, an investment banking and capital markets firm specializing exclusively in the insurance industry, and has over 15 years experience developing new and innovative solutions for managing concentrated stock wealth. Brian is an active member of the Global Association of Risk Professionals (GARP). Brian graduated summa cum laude from Yale University and earned his MBA from the UCLA Anderson School of Management.

Elizabeth Ostrander, CFA, is Managing Director and Head of Business Development at Intelligent Edge Advisors, an investment banking and capital markets firm that works exclusively with financial advisors to plan, structure and execute liquidity events for their clients who own privately-owned businesses, commercial real estate and/or highly appreciated positions in a single publicly-traded stock. Elizabeth works with independent broker-dealers, custodians, banks and wealth management firms to make Intelligent Edge’s service offering available to financial advisors and their clients. Elizabeth has authored numerous scholarly articles on various issues surrounding concentrated wealth, and frequently speaks on the topic. Elizabeth holds a B.A. from Boston College and is a CFA charterholder.

Date

Wednesday, Sept. 27
8:00 am – 10:00 am

Location

CFANY Conference Center
1540 Broadway
Suite 1010 (45th St. Entrance)
New York, NY 10036

Fees

Members: $10
Nonmembers: $25

REGISTER TO ATTEND

LiveStream Access: FREE | Available to Members Only
8:00 am-10:00 am

Register for LiveStream

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The CFA Society New York, Inc. (“CFANY”) is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker, or Financial Planner. While CFANY seeks to present accurate and reliable information, CFANY does not endorse, approve, or certify such information, nor does it warrant or guarantee the accuracy, completeness, efficacy, timeliness, or fitness of such information for any particular purpose. Information presented may or may not be current as of the date of the presentation, and CFANY has no duty to update and maintain the information, reports, or statements made during events.

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For over 80 years, CFA Society New York—formerly known as New York Society of Security Analysts (NYSSA)—has been a leading forum for the exchange of information among investment professionals. Our mission is to raise standards of practice in the industry for the ultimate benefit of society. Towards that goal, CFA Society New York content is curated by volunteer practitioner interest groups that strive to shape the future of the industry. A bold line exists between the financial support by organizations to maintain the quality of our programming and the selection of speakers who contribute to dialogue in our community. To that end, a ceaseless commitment to transparency is something we consider foundational to our cause.

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CFA Society New York expects all attendees to comply with CFA Society New York’s Code of Conduct while attending CFA Society New York events or meetings. CFA Society New York expressly reserves the right, in its sole discretion, to grant or deny access to any individual, or to expel any individual from any CFA Society New York event or meeting.

Inclement weather

CFANY reserves the right to cancel or reschedule all in-person events within 48 hours when inclement weather has been forecasted and travel is restricted by city officials.  The program may also be produced solely via livestream in such circumstances.  Please note the cancellation policy regarding refunds and substitutions.

Refunds, Cancellations, and Substitutions

  • 72 HOURS ADVANCED NOTICE OR MORE:
    • Full refund issued
  • WITHIN 48 HOURS OR AFTER EVENT HAS STARTED:
    • No refund

All requests for cancellation or refunds must be sent to cfanyevents@cfany.org.

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CFA Society New York, Inc. (“CFA NY”) is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker, or Financial Planner. While CFA NY seeks to present accurate and reliable information, CFA Society New York does not endorse, approve, or certify such information, nor does it warrant or guarantee the accuracy, completeness, efficacy, timeliness, or fitness of such information for any particular purpose. Information presented may or may not be current as of the date of the presentation, and CFA Society New York has no duty to update and maintain the information, reports, or statements made during events.

The information presented is provided for information purposes only, and is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice, is general in nature, and is not specific to you.

None of the information presented is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, company, or fund.