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DON'T MISS THIS EVENT!


When: Wednesday, November 19, 2014 - 8:30 am - 4:30 pm
Where: UCI Student Center
RSVP: By Noon on Friday, November 14, 2014

We anticipate offering 6 total hours of CE for CFP® Professionals and 6 hours of CPA CPE.
FPAOC follows the CE guidelines specified by the Certified Financial Planner Board of Standards, Inc., and the
California Board of Accountancy.

$20 Members, $125 Non-Members,
and FREE for first time visitors.


Annual Passholders – Please select “Annual Passholder” in registration drop-down menu
Register for Quarterly Meeting


*Click here to view our late fee policy.

Toy Drive Flyer
Help make a child’s holiday season brighter by either
bringing a new, unwrapped toy or gift card to our November meeting
-- OR donate online from the CHOC Wishlist on Amazon. It’s easy!

Click here for more details.
   


Morning Session:

Registration check-in opens at 8:30 a.m. and the morning session will begin at 9:00 a.m.



FPA Orange County Howard D. Erman, CFP®, EA
President
Orange County Chapter

Session Title:
Welcome and President's Message

 


FPA Orange County Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL
Partner and Director of Research for Pinnacle Advisory Group

Session Title:
Should Equities Decline In Retirement, Or Is A Rising Equity Glidepath Actually Best?

1 CFP CE
1 CPA CPE



 

Traditionally, asset allocation advice in retirement has been fairly straightforward: retirees should maintain their equity exposure through rebalancing, and perhaps decrease it slightly as they age and their time horizon shortens. Yet recent research into retirement asset allocation finds that in fact, the opposite approach may actually be best – rather than decreasing equity exposure in retirement by default, the optimal path is actually to start more conservatively in the early years, and increase equity exposure through retirement. This helps to defend against the key danger – sequence-of-return risk – by taking less equity exposure in the early years and throughout retirement, but still add to equities in the limited situations where it actually becomes relevant and necessary!

Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL, is a partner and the Director of Research for Pinnacle Advisory Group, a private wealth management firm located in Columbia, Maryland that oversees approximately $1.3 billion of client assets. In addition, he is a co-founder of the XY Planning Network, the practitioner editor of the Journal of Financial Planning, and the publisher of the e-newsletter The Kitces Report and the popular financial planning industry blog Nerd’s Eye View through his website www.Kitces.com.

In addition, Michael has co-authored numerous books, including “The Annuity Advisor” with John Olsen (now in 3rd edition), the first balanced and objective book on annuities written for attorneys, accountants, and financial planners, and “Tools & Techniques of Retirement Income Planning” with Steve Leimberg and others.

Michael is one of the 2010 recipients of the Financial Planning Association’s “Heart of Financial Planning” awards for his dedication to advancing the financial planning profession. Michael currently serves as a member of the Editorial Review Board for the Journal of Financial Planning, national chair of the Financial Planning Section for the Society of Financial Services Professionals, and numerous other boards and committees for the Financial Planning Association and the Society of Financial Services Professionals at the local and National levels. Michael is also a co-founder of NexGen, a community of the next generation of financial planners that aims to ensure the transference of wisdom, tradition, and integrity, from the pioneers of financial planning to the next generation of the profession.



FPA Orange County Josh Yafa
Client Portfolio Manager, Thornburg Investment Management

Session Title:
Opportunities and Pitfalls: Investing for Income in an Uncertain World

Learning Objective:
Current income investment market conditions and favorable investment strategies

Level of Complexity:
Intermediate

1 CFP CE
1 CPA CPE

 

The presentation will cover current economic realities highlighted by the current status of employment and federal funds. Then we will discuss insights into income market conditions covering bonds, bond yields and ways of minimizing the risks incurred with rising rates. With the foregoing as background, investment solutions will be presented including, income opportunities, global diversification and high yield stocks.

Josh Yafa, Yafa is a client portfolio manager focused on global equity and taxable fixed income strategies at Thornburg Investment Management. He is responsible for articulating the strategies’ philosophy, process, performance, and positioning to clients across all channels. In this role, Josh works with portfolio managers and sales and marketing to communicate the intricacies of each strategy to a variety of external audiences.

Before joining Thornburg, Josh was a product manager covering global ¬fixed income for Franklin Templeton Investments in San Mateo, California. At Franklin Templeton, Josh served as a client-facing proxy portfolio manager for the firm’s largest strategies. Prior to this, Josh spent five years in the private investment management division at Barclays and Lehman Brothers in San Francisco.

Josh holds an MBA from UCLA’s Anderson School of Management and a BA with Honors in Business Economics from the University of California, Santa Barbara.



FPA Orange County Michael J. Wittick
Certified Specialist, Estate Planning, Trust and Probate Law

Session Title:
Issues and Advice in Planning the Small to Midsize Estate

1 CFP CE
1 CPA CPE

 

The presentation will provide guidelines for intelligent estate planning advice. Portability has changed the game and a new five pronged framework will be presented for planning. Alternatives and pitfalls need to be clearly understood in the light of many tax and nontax factors including estate size, 2nd marriages and how to amend existing plans.

Michael J. Wittick, Certified Specialist in Estate Planning, Trust and Probate Law, is AV Preeminent Rated by Martindale Hubbell, the highest possible rating for both Ethical Standards and Legal Ability, and has 30 years of experience practicing law. He has been a member of FPA for 14 years.

Mike began his career as a trial attorney and was a partner at Portigal, Hammerton & Allen until 1991. He then worked at one other litigation law firm before founding The Law Offices of Michael J. Wittick, a P.L.C. in 1995. He actively practices in most fields of estate planning, including: advanced tax, probate, retirement strategies, asset protection, charitable planning, business planning, fiduciary law, trust administration, special needs trusts, and estate and trust litigation. He believes very strongly that clients are best served by specialists who work together in a team approach.

Mike is first and foremost a family man who lives in South Orange County with his wife. They have recently become “empty nesters” after their three children graduated from college and are starting families of their own. Mike is active in his church, enjoys many sports, and had the pleasure of visiting Auenstein, Germany in June, the small town where his family tree has been researched back to early 1600.



Lunch Break  

Afternoon Session:

FPA Orange County Andrew Scammon
Home Equity Retirement Officer, Reverse Mortgage Solutions,
dba: Security 1
Lending
FPA Orange County Lara Magnusen
CAIA, Vice President, Director of Investment Products, Altegris Advisors
FPA Orange County Andrew Winer
Chief Investment
Officer, ARC Global
Ryan Price, CFP®, ChFC, CLU (Moderator)
Session Title:


Alternative Asset Panel Discussion

Learning Objective:
Alternative asset entry barriers, liquidity, fees, portability, historic returns, and trends.

Level of Complexity:
Intermediate

1 CFP CE
1 CPA CPE

 

Panel members will describe his or her asset or class, including how it differs from traditional investments, what the risks are, appropriate uses, and industry myths. Topics will include entry barriers, liquidity, fees, portability, historic returns, and trends. As a means of reducing barriers to entry, panel members will offer suggestions on how to raise the subject of alternative asset use with clients, as well as strategy suggestions for allocations in various periods of an investment timeline. A time for questions and answers will follow.

Andrew Scammon began his career at York Federal Saving and Loan as an accountant in the Mortgage Servicing Department, and worked his way up through the ranks of mortgage banking, gaining experience as processor, underwriter, loan officer, and wholesaler. While Production Manager in the Asset Securitization Group at Meridian Capital Markets, Andrew developed underwriting training programs, coordinated mortgage portfolio acquisition, and enjoyed working closely with quantitative analysts. After setting production records at JP Morgan/Chase he joined Saxon Mortgage, where he remained through the acquisition by Morgan Stanley in November 2007 and closure in April 2008. Andrew finally joined the reverse mortgage space in 2009 where he advocates for clarity and transparency in the marketplace, conservative customer utilization, and trendsetting research showing the planned use of home equity can extend the life of retirement funds and increase AUM for Financial Planners and their clients.

Constantly surprised by his own seniority, Andrew continues to enjoy functional fitness, motorcycling, cycling, and trapshooting, and the outdoors. Believing he has found the secret to Southern California’s notorious traffic, Andrew is thrilled to live, work and worship within a mile radius in Long Beach where he lives with his wife, Shelly.

Lara Magnusen has over 15 years of industry experience, currently serving as Vice President, Director of Investment Products for Altegris Advisors and is a member of the Investment Committee. Lara has worked at Altegris since 2005, previously serving as the Director of Research and Investments for Altegris Advisors. Lara was also previously Director of Manager Research for Cabezon Capital LLC, responsible for due diligence and development of emerging hedge fund managers.

Additional experience includes her tenure at Helix Investment Partners, a fixed income oriented hedge fund, as well as several years as a Financial Analyst at Goldman Sachs. Lara is also a board member for the Unusual Suspects Theatre Company, a non-profit that mentors and empowers youth in underserved and at-risk environments.

Lara received a BA in Economics with a minor in Business Administration from the University of California, Berkeley, an MBA from the Rady School of Management at the University of California, San Diego, and holds the designation of Chartered Alternative Investment Analyst (CAIA).

Andrew Winer joined American Realty Capital in January 2012 and advises all of American Realty Capital’s investment programs in connection with debt capital markets. He is involved in arranging corporate lines of credit and designing loan facilities for those companies. Previously, Mr. Winer worked at Credit Suisse where he held multiple positions. In 2011, Mr. Winer was a director of CMBS business and headed the capital desk where he was responsible for pricing and hedging of loan production. From 2009 to 2010, Mr. Winer was a director of asset management where he was responsible for winding down, working out and disposing of mortgage, mezzanine and warehouse commercial real estate positions. From 2006 to 2008, Mr. Winer was a director of global commercial real estate business where he originated, closed and syndicated loan transactions. In that position, he created and managed warehouse lines and also worked with CMBS new issuance business. From 2004 to 2005, Mr. Winer was a director working with new issuances and syndication of CMBS. In that position, Mr. Winer also was responsible for mortgage loan and mezzanine loan pricing, hedging and distribution. From 2000 to 2004, Mr. Winer was a vice president in fixed-income structured product sales. Prior to Credit Suisse, Mr. Winer worked at Global Asset Capital, an intellectual property securitization firm. He was also employed at DLJ where he focused on bond structuring, loan origination, securitization deal management, CMBS trading, loan pricing and hedging and new business. Mr. Winer started his career in Arthur Andersen’s Structured Products Group. During his time at DLJ, Mr. Winer was awarded “VP of the year” and, while at Credit Suisse, he was awarded “Top 50”. Mr. Winer received both a B.S. in business administration and a Master’s in accounting from the University of Michigan.



FPA Orange County Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL
Partner and Director of Research for Pinnacle Advisory Group

Session Title:
Life and Death Tax Planning for Deferred Annuities

1 Hour CFP CE
1 Hour CPA CPE

 

 

As the use of annuities increases, particularly amongst baby boomers planning for retirement, professional advisors face more and more situations where they must properly report on and plan for annuity transactions. However, annuities are subject to unique rules of taxation. In this session, we will cover the income and estate tax treatment of deferred annuities during life and death, with a particular focus on the complex rules and significant areas of ambiguity that apply to post-death distribution requirements from deferred annuities, and including some of the latest IRS rulings!

Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL, is a partner and the Director of Research for Pinnacle Advisory Group, a private wealth management firm located in Columbia, Maryland that oversees approximately $1.3 billion of client assets. In addition, he is a co-founder of the XY Planning Network, the practitioner editor of the Journal of Financial Planning, and the publisher of the e-newsletter The Kitces Report and the popular financial planning industry blog Nerd’s Eye View through his website www.Kitces.com.

In addition, Michael has co-authored numerous books, including “The Annuity Advisor” with John Olsen (now in 3rd edition), the first balanced and objective book on annuities written for attorneys, accountants, and financial planners, and “Tools & Techniques of Retirement Income Planning” with Steve Leimberg and others.

Michael is one of the 2010 recipients of the Financial Planning Association’s “Heart of Financial Planning” awards for his dedication to advancing the financial planning profession. Michael currently serves as a member of the Editorial Review Board for the Journal of Financial Planning, national chair of the Financial Planning Section for the Society of Financial Services Professionals, and numerous other boards and committees for the Financial Planning Association and the Society of Financial Services Professionals at the local and National levels. Michael is also a co-founder of NexGen, a community of the next generation of financial planners that aims to ensure the transference of wisdom, tradition, and integrity, from the pioneers of financial planning to the next generation of the profession.


FPA Orange County Brian Wesbury
Chief Economist, First Trust Advisors L.P.

Session Title:

Investment Planning in a Plow Horse Economy

Learning Objective:
Current trends in the US and Global economy and how they will effect markets and investing in 2015 and beyond

Level of Complexity:
Intermediate

1 CFP CE
1 CPA CPE

 

Current trends in the US and Global economy will be discussed and how they will effect markets and investing in 2015 and beyond. Popularly described as the Plow Horse, the presentation highlights technology, energy, and manufacturing as main drivers of economic health. A general overview of the condition of the U.S. macro economy and current domestic economic events being discussed in the national media will be covered. The progress of the economic recovery and how current events and policies are shaping the future economic landscape of the U.S. economy will be discussed. In addition, the condition of the state and regional economy will be given including the current employment situation, conditions in the local housing market, and a general economic forecast. (Via video commentary. Brian’s associate Strider Elass will be available for a live Q&A session.)

Brian Wesbury, is Chief Economist at First Trust Advisors L.P., a financial services firm based in Wheaton, Illinois.

Mr. Wesbury has been a member of the Academic Advisory Council of the Federal Reserve Bank of Chicago since 1999. In 2012, he was named a Fellow of the George W. Bush Presidential Center in Dallas, TX, where he works closely with its 4%-Growth Project. His writing appears in various magazines, newspapers and blogs, and he appears regularly on Fox, Bloomberg, CNBC and BNN Canada TV.

In 1995 and 1996, he served as Chief Economist for the Joint Economic Committee of the U.S. Congress. The Wall Street Journal ranked Mr. Wesbury the nation’s #1 U.S. economic forecaster in 2001, and USA Today ranked him as one of the nation’s top 10 forecasters in 2004.

Mr. Wesbury received an M.B.A. from Northwestern University’s Kellogg Graduate School of Management, and a B.A. in Economics from the University of Montana.


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





*LATE FEE POLICY

A $15 late fee will be assessed for any member or non-member who registers after the online registration deadline (i.e. after Noon on the Friday before the event). Processing registrants after the Friday deadline impedes preparing printed materials and planning for catering. Thank you for your understanding and assistance!

FPA Orange County

 

FPA Orange County