Private Wealth Management

Private Wealth Managers, Succession Plans: Handing Off the Baton

October 17, 2019 | 5:30 PM - 8:00 PM

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Overview

Age demographics and structural trends in wealth management have placed a spotlight on the industry’s lack of succession planning and the economic dynamics that underpin valuing a wealth management practice or firm.

Often, succession planning conversations focus more on the value of the business than on the transition and continuity of the business.  This event aims to provide fundamental and actionable insights on both aspects.

Agenda

5:30 PM | REGISTRATION & CHECK-IN

5:55 PM | INTRODUCTION & WELCOME

Todd Eklund, CFA, CAIA

6:00 PM | OBSERVATIONS – WEALTH MANAGEMENT SUCCESSION ECOSYSTEM & OPTIONS 

Scott Slater, Vice President, Practice Management & Consulting, Fidelity Clearing & Custody Solutions

6:10 PM | SUCCESSION PANEL

Moderator

Scott Slater, Vice President, Practice Management & Consulting, Fidelity Clearing & Custody Solutions

Panelists

Anthony Cecchini, CFP, J.D., Chief Executive Officer, JMG Financial Group

Sonya Mughal, CFA, EVP & Chief Operating Officer, Bailard

Erin Sikorski, CFP, Chief Executive Officer – The Wellington Group

7:00 PM | AUDIENCE Q&A

7:10 PM | VALUATION & FINANCIAL CONSIDERATIONS PANEL

Introduced by Stephen Mayrose, CFA, CFP, Financial Advisor & Portfolio Manager, Morgan Stanley Wealth Management

Moderator

Brooks Hamner, CFA , ASA, Vice President, Mercer Capital

Panelists

Matt Crow, CFA, ASA, President, Mercer Capital

Steven Levitt, Founder & Managing Director, Park Sutton Advisors

Elizabeth Nesvold, Managing Director, Head of Asset & Wealth Management Investment Banking – Raymond James

8:00 PM | AUDIENCE Q&A 

8:10 PM | CLOSING REMARKS & NETWORKING CATERED RECEPTION

Michael Reuben,CFA,CAIA,CFP

Additional Details

Learning Outcomes

  • Appreciate financial advisor and private wealth practice succession planning challenges and the importance of institutionalization to creating value.
  • Gain an understanding of valuation and deal structures in today’s market.
  • Identify specific drivers for valuation enhancement.
  • Learn key considerations for finding, attracting, and retaining younger advisors and staff to ensure long-term viability and sustainability of private wealth business.
  • Hear from individuals and experts who have successfully implemented a successful transition plan.

Features, Benefits, Values

Gain an understanding into succession planning options, trends, approaches for continuity/handoff, and strategic objectives for value enhancement: Who? When? How? Why? 

Sponsorship Overview

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.

Please be advised of the following information related to Society sponsorship and support:

Through financial support and other means of in-kind support, each event sponsor, event partner, event co-host and organizational partner of CFA Society New York plays a valuable role in the furtherance of the range of forward-thinking initiatives that underpin the Society’s values, and toward our mission to deliver Society content and programming of the highest quality and standard.

CFA Society New York thanks all of its sponsors, event-related affiliates and organizational partners for helping us continue to shape the conversation of the investment community.

Legal Notice and Disclaimer

CFA Society New York (including its employees and agents) assumes no responsibility for presenters or consequences resulting from the use of information or content of such information presented, including (but not limited to) errors or omissions, the accuracy or reasonableness of factual or scientific assumptions, studies or conclusions, the defamatory nature of statements, ownership of copyright or other intellectual property rights, and the violation of property, privacy, or personal rights of others. The CFA Society New York is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on such information. No guarantees or warranties, including (but not limited to) any express or implied warranties of merchantability or fitness for a particular use or purpose, are made by CFA Society New York with respect to such information. CFA Society New York does not endorse, approve, or certify such information, nor does it guarantee the accuracy, completeness, efficacy, timeliness, or correct sequencing of such information. All presentations represent the opinions of the presenters and do not represent the position or the opinion of CFA Society New York or its members. Reference by the presenters to any specific commercial product, process or service by trade name, trademark, service mark, manufacturer, and corporation or otherwise does not constitute or imply endorsement, recommendation, or favoring by CFA Society New York.

CFA Society New York strives to be a community for diverse opinions and differing perspectives, and the views and opinions expressed by speakers, presenters and/or organizers at events do not necessarily state or reflect those of CFA Society New York.

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.