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Wealth Management Conference 2007

Strategies for a Volatile World

These images are provided courtesy of Calgary Economic Development

Wednesday, June 27, 2007 – Thursday, June 28, 2007

Calgary TELUS Convention Centre, Calgary, Alberta, Canada

Wealth Management Conference 2007 Strategies for a Volatile World June 27-28, 2007 Calgary, Alberta

KEYNOTE SPEAKERS

Dan diBartolomeo President and Founder, Northfield Information Services, Inc., Boston, Massachusetts Based in Boston since 1986, Northfield develops quantitative models of financial markets. Dan is a Visiting Professor at the CARISMA research center of Brunel University in London. Mr. diBartolomeo has written extensively for the CFA Research Foundation. This work includes a new wealth management textbook Investment Management for Private, Taxable Wealth (with Jarrod Wilcox and Jeffrey Horvitz). He also provided a chapter on asset allocation for high-net worth individuals for CFA’s recent book, Global Perspectives on Investment Management. He received his degree in applied physics from Cornell University.

Charles Ellis Director, Greenwich Associates, Connecticut Charles D. Ellis serves as a consultant to large institutional investors, government organizations, and wealthy families. He also serves as Managing Partner of a pro bono partnership, The Partners of ’63. Charley’s professional career centered on three decades with Greenwich Associates, the international strategy consulting firm he founded in 1972. He was Chair and two terms as governor of the CFA Institute and an associate editor of both The Journal of Portfolio Management and The Financial Analysts Journal. He is the author of 12 books, including Joe Wilson and the Creation of Xerox, CAPITAL and Winning the Loser’s Game. A graduate of Exeter and Yale College, Charley earned an MBA (with distinction) at Harvard Business School and a Ph.D. at New York University.

Jason Hsu Director, Research & Investment Management, Research Affiliates, Pasedena Jason Hsu manages all investment operations associated with the firm's sub-advisory and hedge fund businesses. In addition, he oversees research on the asset allocation models and equity strategies that underpin RA's Fundamental Indexation concept. Jason worked closely with Robert Arnott to originate the Research Affiliates Fundamental Index(TM) methodology. Jason is currently a visiting professor at the Paul Merage School of Management at the University of California, Irvine. Jason earned his Ph.D. in finance at the University of California, Los Angeles.

John Mauldin President, Millennium Wave Investments, Arlington, Texas As a recognized expert and leader on investment issues, John Mauldin is primarily involved in private money management, financial services, and investments. John is a prolific author, writer and editor of the free popular Thoughts from the Frontline e-letter which goes to well over 1,000,000 readers weekly. He is also a frequent contributor to other financial publications and a frequent guest on CNBC and Bloomberg TV. His book, Bull's Eye Investing rose to the New York times best seller list, while his latest book, Just One Thing, was released in late October 2006. He graduated from Southwestern Baptist Theological Seminary with a Master of Divinity.

Dr. John Nofsinger

Lang Fellow and Associate Professor of Finance, Washington State University, Spokane John is an Associate Professor of Finance at Washington State University. He received his Ph.D. in Finance from Washington State University and first taught at Marquette University. His research focuses on behavioral finance, and institutional and individual investors. John has published more than 30 scholarly articles and is also the author (or coauthor) of six books with translations into five languages. His book, The Psychology of Investing, is required reading for the CFA Level III exam.

Scott Welch Senior Managing Director, Fortigent, LLC, Washington, DC Fortigent provides outsourced wealth management solutions to banks, independent advisory firms, and “break away brokers”. He oversees Fortigent’s 15 Research professionals and is the Chair of the Investment Committee, Product Development Committee, and Investment Quality Assurance Committee. Mr. Welch is a frequent speaker on wealth management topics and regularly authors industry-related articles that appear in numerous trade journals. Mr. Welch is a member of the Editorial Advisory Boards of the Journal of Wealth Management and the IMCA Monitor. Mr. Welch earned a MBA from the University of Massachusetts.


This two day educational program will focus on both broad global trends and specific subjects of interest to investment professionals in the Wealth Management Industry.

WEDNES AD Y, JUNE 27TH, 2007

C O N F E R E N C E A G E N D A

WEDNESDAY, JUNE 27TH, 2007

7:00 a.m. Registration and Buffet Breakfast 7:45 a.m. Opening Remarks and Introduction Craig Senyk, CFA, and Blaine Lennox, CFA, Conference Co-Chairs

The Calgary TELUS Convention Centre offers over 132,000 square feet of recently renovated combined meeting space, leading edge technology and experienced, professional staff. It is a short drive away from Canada’s majestic Rocky Mountains and the city is a non-stop or one-stop flight away from every major city in the world.

Bruce Graham, CEO, Calgary Economic Development 8:00 a.m. Managing and Building an Investment Firm – A Case Study

• History of building Gluskin and Sheff • The IPO process • Current strategy

Gerald Sheff, Chairman and Chief Executive Officer, Gluskin, Sheff & Associates, Toronto

9:00 a.m. Alternative Products – Hedge Funds, Real Estate and

Private Equity • Hedge fund strategies – covered call writing; event driven;

distressed securities, merger and convertible arbitrage • Investing in real estate – the value and growth

opportunities • The opportunity set for private equity – too much capital

chasing too few deals? John Thiessen, Portfolio Manager, Vertex One Asset Management, Vancouver

Sam Kolias, CEO, Boardwalk Equities, Calgary Thomas Kennedy, Managing Director, Kensington Capital Partners, Toronto 10:00 a.m. Networking Break 10:30 a.m. The Psychology of Investment Decision-Making

• How mental shortcuts influence investing • Perceptions and reactions to risk • Decision-making of intuitive versus analytical thinkers

John Nofsinger, Associate Professor, Washington State University, Spokane

11:30 a.m. Consulting to the Ultra Affluent • How do you provide the right solution – platform, process and people • Investment and asset allocation trends • The competitive landscape & practice management trends • Commoditization, differentiation, and market segmentation

Scott Welch, Senior Managing Director, Fortigent, LLC, Washington, DC


Attire: Business casual is suggested for the conference and dinner.

Due to unforeseen circumstances, there may be slight changes to the program and speakers. For the most current brochure, please visit www.calgarycfasociety.com

12:30 p.m. Luncheon 12:30 p.m. Luncheon Sponsored by RBC Sponsored by RBC

1:30 p.m. The Growing Role of the Multi-Family Office in targeting Wealthy Families 1:30 p.m. The Growing Role of the Multi-Family Office in targeting Wealthy Families

• What does a family office offer to its clients? • What does a family office offer to its clients? • How a family office service is differentiated from traditional financial services? • How a family office service is differentiated from traditional financial services? • What motivates wealthy families to choose this service over others? • What motivates wealthy families to choose this service over others? • What US trends seem likely to show up in Canada over the next several years? • What US trends seem likely to show up in Canada over the next several years?

Tom McCullough, President and CEO, Northwood Stephens Private Counsel, Toronto Tom McCullough, President and CEO, Northwood Stephens Private Counsel, Toronto 2:30 p.m. Structured Products – Fundamental Indexing and Leveraged ETF’s 2:30 p.m. Structured Products – Fundamental Indexing and Leveraged ETF’s

• Fundamental indexing – using accounting factors rather than market capitalization • Fundamental indexing – using accounting factors rather than market capitalization • Bull & Bear ETFs and Funds – leveraged and inverse investment tools for portfolios • Bull & Bear ETFs and Funds – leveraged and inverse investment tools for portfolios

Grahame Lyons, Managing Director, Claymore Investments, Toronto Grahame Lyons, Managing Director, Claymore Investments, Toronto Howard Atkinson, President, Horizons BetaPro ETFs, Toronto Howard Atkinson, President, Horizons BetaPro ETFs, Toronto 3:30 p.m. Networking Break 3:30 p.m. Networking Break

As a participant in the CFA Institute Approved Provider Program, the Calgary CFA Society has determined that this event qualifies for credit for the CFA Institute Professional Development Program. Eligible for 11 credit hours.

3:45 p.m. Breakout A: Regulation and Compliance 3:45 p.m. Breakout A: Regulation and Compliance • Role of advisers in a disclosure-based securities regulatory

regime • Role of advisers in a disclosure-based securities regulatory

regime • Regulation of alternative products • Regulation of alternative products • Compliance and enforcement issues and relevant sanctions • Compliance and enforcement issues and relevant sanctions

Bill Rice, Chair and Chief Executive Officer, Alberta Securities Commission, Calgary Bill Rice, Chair and Chief Executive Officer, Alberta Securities Commission, Calgary

Breakout B: Advising Family Business Breakout B: Advising Family Business

• Becoming “The Trusted Advisor” to clients • Becoming “The Trusted Advisor” to clients • A basic understanding of unique issues families face in the

business, ownership and family “circles” • A basic understanding of unique issues families face in the

business, ownership and family “circles” • “Engage” clients in discussions relating to succession issues • “Engage” clients in discussions relating to succession issues • Ensure that “The Trusted Advisor” continues to develop strong

relationships with the family and successors • Ensure that “The Trusted Advisor” continues to develop strong

relationships with the family and successors Gary Coskey, Executive Professor in Family Enterprise, Alberta School of Business, Edmonton Gary Coskey, Executive Professor in Family Enterprise, Alberta School of Business, Edmonton

5:30 p.m. Cocktails and Dinner at Murrieta’s. 808 1st Street SW. 5:30 p.m. Cocktails and Dinner at Murrieta’s. 808 1st Street SW. Dinner Sponsored by Penson. Dinner Sponsored by Penson.

http://www.calgarycfasociety.com/


THURSDAY, JUNE 28TH, 2007

7:00 a.m. Breakfast Presentation by LynxDev 8:00 a.m. Finding Opportunity in a High Risk and Low Return World

• Strategic and tactical asset allocation using non-conventional asset classes • What risk premium and valuation levels are “normal” • Demographics: The big risk factor • Efficient indexing for an inefficient market

Jason Hsu, Director, Research & Investment Management, Research Affiliates, Pasadena, California 9:00 a.m. Investment Strategies of the World’s Successful Investors

• How to be in the top 10% of investment managers • Dealing with a low return world • The risks we don’t think about, but should

John Mauldin, President, Millennium Wave Investments, Arlington, Texas

10:00 a.m. Networking Break 10:30 a.m. Asset Allocation for High Net Worth Investors

• Rethinking finance theory in a private client context • Life cycle investing • Dealing with taxes and concentrated stock positions • Analytic hierarchy process

Dan diBartolomeo, President and Founder, Northfield Information Services, Inc., Boston, Massachusetts

11:30 a.m. Future of Investment Management • The “Game” has really changed • No easy answers: Private Equity, Venture Capital & Hedge Funds • Globalization is certain • What does the emperor wear?

Charles Ellis, Director, Greenwich Associates, Connecticut 12:30 p.m. Conference Closes – Bagged Lunch

We would like to thank the following volunteers who served on the Conference Sub-Committee:

Kristie Allen Bryan Emes Sean MacLachlan Kelly Rusiecki

James Cameron Derek Gates David McLellan Craig Senyk, Co-Chair

Darren DeRosa Elizabeth Hamilton-Keen Patricia Szmolyan

Dan Dorland Blaine Lennox, Co-Chair Cameron Webster


CONFERENCE SPONSORS

We would like to thank the following sponsors for their contributions to the Calgary CFA Society Private Wealth Management Conference 2007. If you wish to be a sponsor, exhibitor, or sponsored breakfast presenter at the conference, please contact Gabriela Revak at 403.240.2929 or email [email protected] for a sponsorship package.

Gold Sponsor

Platinum Sponsor

Silver Sponsor Bronze Sponsors

Breakfast Sponsor

Internet Sponsor Cocktail Sponsor

Media Sponsors

mailto:[email protected]


REGISTRATION FORM June 27 to 28, 2007, Calgary TELUS Convention Centre, Calgary, Alberta

Mr. Ms. First Name ____________________________Last Name_______________________________ Title___________________________________Company__________________________________________ Address_____________________________________________________ City ________________________ Province ________________ Postal Code _________________Telephone_____________________________ Fax __________________________________ E-mail ____________________________________________

I will be attending the dinner on Wednesday, June 27, 2007

$600 - Early Bird (Book by May 15, 2007 for CFA Institute Members only) $700 - CFA Institute Members (After May 15, 2007) $750 - Non CFA Institute Members

Total Cost: ____________________________ GST # 123372385RT Payment: GST is included in all prices. Include the conference fee at the time of registration please.

Cheque enclosed, made payable to Calgary CFA Society Charge to my VISA or Mastercard number ____________________________ Expiration Date ___________

Name on Card __________________________________Signature __________________________________ Registration deadline: June 15th, 2007 For additional information contact Gabriela Revak at (403) 240-2929, fax (403) 206-0650 or E-mail [email protected]

As a participant in the CFA Institute Approved Provider Program, the Calgary CFA Society has determined tthis event qualifies for credit for the CFA Institute ProfeDevelopment Program. Eligible for 11 credit hours.

hat ssional

REGISTRATION INFORMATION

Payment is due at time of registration. Forms received without payment will be confirmed on a space available basis when payment is received. All fees are payable in Canadian Funds. Confirmation letters will be emailed within two weeks of receipt of your paid registration. Please register early as attendance is limited. Hotel Information: A limited number of rooms have been placed on hold at the Fairmont Palliser for the Calgary CFA Society until May 27, 2007. In order to receive the group rate, please refer to the CFA Society Wealth Management Conference or ID#CFAWMC. Fairmont Palliser 133 9th Avenue SW Calgary, Alberta 403.260.1230 or 1.800.441.1414 for reservations

Cancellation Policy: A cancellation fee of $125 applies for cancellations received after June 8, 2007. Substitutions from the same company are accepted. Sharing of registrations is not permitted. Your registration fee covers: Conference materials, breakfasts, refreshment breaks, luncheons and dinner. It does not include airfare or accommodation. To register, fax this form to (403) 206-0650 or mail it to Calgary CFA Society, c/o 4216 35th Avenue S.W. Calgary, Alberta T3E 1A9. No phone registrations will be accepted.

Conference Venue Address: Calgary TELUS Convention Centre 120 Ninth Avenue SE Calgary, Alberta 403.261.8500 www.calgary-convention.com

mailto:[email protected]

http://www.calgary-convention.com/

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