The FPA of Miami-Dade invites you to attend our 5th Annual Symposium – Into the Light: Empowering Our Profession in 2010 – which features a talented lineup of speakers, CE credits, and opportunities to network with industry partners and other financial professionals.

AGENDA

CLICK HERE TO DOWNLOAD A PDF PROGRAM AGENDA
8:00 – 8:45 AM - Registration, Continental Breakfast and Networking with Sponsors

8:45 – 9:00 AM - Welcome and Introductions

9:00 - 10:00 AM - The U.S. Economic Outlook: Is the Recovery Sustainable?
THOMAS D. HIGGINS, Ph.D. • Chief Economist, Payden & Rygel Investment Management
The U.S. economy appears to have emerged from the 2008-09 recession in the third quarter of last year as a result of massive doses of fiscal and monetary stimulus. The question is whether the recovery will stay on track when the training wheels come off in the second half of 2010 as the impact of government spending fades and the Federal Reserve begins contemplating interest rate hikes. The key to sustainable economic growth is a recovery in private demand in the form of consumer spending and business investment. We are beginning to see some hopeful signs on this front, but investors will need to lower their expectations for future growth since American households are undergoing a multi-year deleveraging process where they will need to rebuild savings and pay down debt. This presentation will discuss these issues as well as the implications for interest rates, taxes and your portfolios.

10:00 – 10:15 AM - Break and Networking with Sponsors

10:15 – 11:15 AM - Rethinking Risk Tolerance
MICHAEL E. KITCES, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL, CWPP™ • Director of Research, The Pinnacle Advisory Group & Publisher, The Kitces Report
Despite being a requirement for FINRA-registered brokers, and a matter of fiduciary protection for registered investment advisors, most financial planners today give short shrift to risk tolerance questionnaires. But does all this really mean that risk tolerance questionnaires are universally worthless, and that there’s no value to trying to measure a client’s risk tolerance by any means? Absolutely not! Instead, what’s necessary is to delve deeper on both fronts. This session will explore in greater depth exactly what risk tolerance is and what you’re trying to measure, and to consider what’s required to truly design a quality risk tolerance questionnaire or to properly assess risk tolerance for clients.

11:15 – 11:30 AM - Break and Networking with Sponsors

11:30 AM – 12:30 PM - The Evolution of Asset Allocation
KATHLEEN DAY, CFP®, CFA • President, CEO & Sr. Planner, The Enrichment Group, Inc.
MITCHELL MARENUS, CFP®, CFA • Sr. Planner & Partner, The Enrichment Group, Inc.
This session will describe the evolution of asset allocation from passive strategic policies based on modern portfolio theory, to the current more proactive tactical strategies used by many top investment firms today. Asset allocation used to be relatively simple. Inputs and constraints were factored into an optimizer and asset class targets were set. These targets remained consistent, with portfolios rebalanced periodically. In today’s global arena, shorter term asset correlations and projected returns are dynamic, and political, economic and emotional factors sway markets like never before. Risk reduction through the use of structured products, alternative investments and hedging strategies, adds a new dimension to the investment process. Asset allocation today is more of an art than ever before. In this session we discuss the development of a more tactical approach to portfolio design.

12:30 – 1:45 PM - Luncheon Presentation - Brilliant on the Basics
BARRY GOTTLIEB • President, Coaching the Winner's Edge
Barry Gottlieb, founder and president of the Coaching the Winner’s Edge, will share his insights and strategies for being successful in any economy by becoming Brilliant on the Basics. This presentation will teach you how to focus on success rather than survival, and will discuss the guiding principles that all businesses must follow in order to be successful: Goal Setting, Time Management, The Four Rules of Selling, How to Handle Objections, and The Four Levels of Customer Service.

1:45 – 2:00 PM – Networking with Sponsors

2:00 – 3:00 PM - To Roth or Not to Roth
MICHAEL E. KITCES, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL, CWPP™ • Director of Research, The Pinnacle Advisory Group & Publisher, The Kitces Report
With the introduction of the Roth 401(k) in recent years in addition to Roth IRAs, and the removal of Roth conversion income limits in 2010, planners are increasingly eager to utilize Roth retirement accounts, but do not necessarily understand all of the factors that actually determine whether a Roth decision will increase or decrease a client’s wealth in the long run. In this session, planners will learn about the fundamental factors that really do, and don’t, contribute to long-term wealth creation by choosing to contribute to (or convert to) a Roth retirement account instead of a pre-tax account.

3:00 – 3:15 PM - Break and Networking with Sponsors

3:15 – 4:15 PM - Estate Planning in the Shifting Sands of the Outback: No Rules, Just Right
RICHARD ALAN LEHRMAN, JD • Law Offices of Richard Alan Lehrman
Helping your clients to leave a legacy has been a challenge with the annual changes in the estate tax exemptions and rates. Now the rules – not just for the future but for this year – are as uncertain as next year's Super Bowl winner or almost anything in Washington. Meanwhile, your clients want to leave a legacy and can't guarantee they will survive before Washington sorts things out! Can you help them by employing split interest trusts, dynasty trusts, insurance trusts, charitable planning and other estate tax freeze and value compression strategies? Answers to this and other rhetorical questions will help you to navigate the mine field of estate tax uncertainty.

4:15 – 4:30 PM - Wrap Up, Evaluation and Networking with Sponsors

COST

• Through April 15, 2010: FPA Members - $125.00; Non-Members - $150.00
• April 16 through May 12, 2010: FPA Members - $150.00; Non-Members - $175.00
• May 13, 2010, through event: FPA Members - $175.00; Non-Members - $200.00
• Full-time Students - $99.00

TO REGISTER

• CLICK HERE FOR PDF REGISTRATION FORM
• Fax or mail registration form with credit card payment (Fax: 305-470-7487 / Mail: FPA of Miami-Dade, P.O. Box 560982, Miami, FL 33256-0982)
• Mail registration form with payment by check to FPA of Miami-Dade, P.O. Box 560982, Miami, FL 33256-0982
• Call 786-390-7655 to register by phone with a credit card

WHERE

• University of Miami BankUnited Center’s Multipurpose & Hurricane 100 Rooms, 1245 Dauer Dr., Coral Gables

CE

• Approved for 6 hours of CFP, Insurance, and CPA CE; 7.5 hours of CLE

ABOUT OUR SPEAKERS

KATHLEEN DAY, CFP®, CFA • President, CEO & Sr. Planner, The Enrichment Group, Inc.
Kathleen Day serves as president, CEO, and senior planner of The Enrichment Group, Inc. She has also served from 2004‐2007 as a member of the National Board of Directors for the Financial Planning Association, Inc., the leadership and advocacy organization for those who provide, support and benefit from professional financial planning. She is a Certified Financial Planner® practitioner and a Chartered Financial Analyst. Her areas of expertise include life planning, estate planning, investment analysis, portfolio management, education funding, financial and tax planning, banking, and business planning. She was awarded her Masters degree in Business Administration from Florida International University in 1981 and worked in corporate banking until 1987, when she left to form what is now The Enrichment Group. Kathie is frequently quoted in the press, including the Wall Street Journal, USA Today, Money Magazine, Miami Herald, Journal of Financial Planning, Investment Advisor and Bloomberg Wealth Manager. She has appeared on local television and radio as a guest speaker and financial expert. She has been a guest lecturer for various local universities and professional associations including the Financial Planning Association. She has been listed in Who’s Who in Finance and Industry starting with the 1992 edition and currently also appears in Who’s Who in America and Who’s Who in American Women. She is a member of the Financial Planning Association and the CFA Institute, and has served on the CFP® Board of Practice Standards, a national board which set the existing standards for financial planning practitioners. Kathie and husband Pat enjoy working together each day and spend their free time enjoying their mountain home in Colorado, traveling, skiing, and visiting their children and grandchildren in Arizona and California.

BARRY GOTTLIEB • President, Coaching the Winner's Edge
Barry Gottlieb started out his career as an educator – first as an elementary school teacher, then as a school principal; and finally as an instructor at both Santa Fe Community College and at the University of Florida. Barry received both his Bachelors and Masters Degrees at the University of Florida. Barry is the Founder and President of Coaching the Winner’s Edge organization and coaching program. He is both a life coach and a business coach with a successful practice offering counsel and guidance to both private individuals and corporations. Barry is the former co-host of the Success Show, a one-hour talk radio program that was broadcast in South Florida. He is currently the host of a recently launched TV program, made for the internet, [Webisode]… called “The Insight.” Barry is a successful author... In addition to his weekly newsletter, Barry’s first book, TGIT - Thank GOD It’s Today, “TGIT” (tig-it) is a mantra of gratitude and appreciation for each and every day and the book has been called, “A manual for life.” He is also the author of Brilliant on the Basics, a book that focuses on the best practices and principles of business, [due out by year’s end]. Barry has also built a $75 million international company from the ground up; and was VP of Sales of a billion dollar company. Barry’s Mission is simply: “To Inspire and Empower Others to Reach Their Full Potential.”

THOMAS D. HIGGINS, Ph.D. • Chief Economist, Payden & Rygel Investment Management
Tom Higgins is the Chief Economist at Payden & Rygel Investment Counsel. The firm is manages $50 billion in assets and is headquartered in Los Angeles with offices in London, Frankfurt and Beijing. Tom is responsible for developing views on the U.S. and global economy. Before joining Payden, Tom was employed at The Conference Board where he served as the International Economist. At the Board, he produced reports on the global outlook as well as maintaining the exchange rate models for the U.S. economic forecast. Higgins began his career at a subsidiary of the Economist Magazine known as The Journal of Commerce. Tom received a University Fellowship from Fordham University in 1995 and completed his Ph.D. in Economics in 2001. His dissertation titled, “The Term Structure and Recessions,” analyzed the linkages between the shape of the yield curve and recessions across the G-7 economies. Higgins holds a B.A. in Economics from Drew University where he was a Garden State Scholar and graduated Magna Cum Laude with Special Honors for his thesis titled, “Privatization in Poland.” The focus of Tom’s research is in macroeconomics, international economics, and financial economics. He is a member of both the American Economics Association and the National Association of Business Economics (NABE). Tom is a past President of the Los Angeles Chapter of the NABE. Higgins serves on the Board of the Los Angeles Economic Development Corporation (LAEDC) and the California Council on Economics Education (CCEE).

MICHAEL E. KITCES, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL, CWPP™ Director of Research, The Pinnacle Advisory Group & Publisher, The Kitces Report
Michael E. Kitces is the Director of Research for Pinnacle Advisory Group, a private wealth management firm located in Columbia, Maryland that oversees approximately $650 million of client assets. In addition, he is the publisher of the e-newsletter The Kitces Report and the blog Nerd’s Eye View through his website www.Kitces.com, dedicated to advancing knowledge in financial planning. Beyond his website, Michael is an active writer and editor across the industry and has been featured in publications including Financial Planning, the Journal of Financial Planning, Journal of Retirement Planning, Practical Tax Strategies, and Leimberg Information Services, as well as The Wall Street Journal, BusinessWeek, CNBC PowerLunch, NBC Nightly News, and more. In addition, Michael has co-authored numerous books, including “The Annuity Advisor” with John Olsen, 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 was recognized as one of only 5 financial planning practitioner “Movers and Shakers” for 2006 by Financial Planning magazine, and was recognized as one of 20 “Rising Stars in Wealth Management” by Institutional Investor News for 2007. These awards were presented to honor Michael’s active work in the financial planning community, which currently includes serving as a member of the Editorial Review Board for the Journal of Financial Planning, chair of FPA National's Government Relations Tax Committee, 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.

RICHARD ALAN LEHRMAN, JD • Law Offices of Richard Alan Lehrman
Mr. Lehrman specializes in trust and estate planning and administration, charitable planned giving, business succession and generally keeping wealth in the family and structuring it to perpetuate the family’s legacy. He is a featured lecturer (a fancy name for a “speaker”) on these topics including seminars sponsored by nonprofit organizations and approved by the Florida Bar for continuing legal education credit. He authors articles on estate planning and planned giving for various charitable organizations. He consults with nonprofit organizations on gift planning and governance issues. He is an author of Legacy: Plan, Protect and Preserve Your Estate, Esperti-Peterson Institute, was a maintenance author of the Law on the Web Wealth Transfer Planning system, has appeared on PBS’ Morning Business Report and has been cited as an authority in national publications such as Retire with Money (published by the editors of Money Magazine), the New York Times and in local publications such as the Miami Herald. He is listed in Who’s Who in American Law, ninth edition. He was awarded the 2005 LEAVE A LEGACY® Professional Advisor of the Year. He was the 2000-2002 Chair of the Miami-Dade County LEAVE A LEGACY® program, the 2002-2004 President of the Miami-Dade Partnership for Philanthropic Planning and the 2003-2007 board chair of Lehrman Community Day School. Mr. Lehrman spent six years in Washington, D.C. with the U.S. House of Representatives’ Committee on Rules and the Select Committee on Aging (Claude Pepper, Chairman) and was primarily responsible for extensive hearings and reports on Social Security and employer pension benefits and financing. He was selected by Chairman Pepper to serve as liaison to the National Commission on Social Security Reform formed by President Reagan, and prepared legislation eventually incorporated into the Employee Retirement Income Security Act and the Social Security Act. Mr. Lehrman holds a Juris Doctor degree from the University of Virginia School of Law, Charlottesville, Virginia. He earned a Bachelor of Arts degree cum laude with honors from Brandeis University, Waltham Massachusetts. His legal affiliations include: Admitted to the Supreme Court of Florida, U.S. District Court for the Southern District of Florida, U.S. Eleventh Circuit Court of Appeals and United States Tax Court; member, The Florida Bar Real Property Probate and Trust Law Section; and member, Trusts, Estates & Probate Law Sections, American Bar Association. Mr. Lehrman’s community affiliations include:

• Association of Fundraising Professionals – Miami-Dade, Board of Directors (Treasurer) 2008-present
• Baptist Health Systems of South Florida Foundation, Planned Giving Advisory Board 2000-2003
• Center for the Advancement for Jewish Education (Greater Miami), Board of Directors 2001-present
• Florida Association of Planned Giving Councils, Board of Directors (President 2003-2004)
• Foundation of Jewish Philanthropies, Professional Advisory Committee, 1997-present (Vice Chair 2001-2002
• Greater Miami Jewish Federation, Commission on Jewish Renewal
• LEAVE A LEGACY© of Miami-Dade County, Steering Committee 1998-present (2000-2002 Chair)
• Lehrman Community Day School, Board of Directors 1998-present (2003-2007 Chair)
• Miami Lighthouse for the Blind, Planned Giving Committee 2002-2004
• Partnership for Philanthropic Planning (formerly Planned Giving Council) of Miami-Dade County, Board of Directors 1997-present (President 2002-2004)
• Solomon Schechter Day School Association, national Board of Directors 2007-present
• Temple Emanu-El of Greater Miami, Board of Directors 1995-present (Secretary 1997-2005)
• United Home Care Services, Inc., Board of Directors 1998-2003
• United Way of Miami-Dade County, Professional Advisory Committee 2002-present
• University of Miami, Professional Advisory Committee 2003-present

MITCHELL MARENUS, CFP®, CFA • Sr. Planner & Partner, The Enrichment Group, Inc.
Mitch is a senior planner and partner at The Enrichment Group™. He is a Chartered Financial Analyst and a CERTIFIED FINANCIAL PLANNER™ practitioner and is registered and certified by the International Board of Certified Financial Planners. His primary area of expertise is investment management. Mitch serves as CIO of The Enrichment Group™ and is in charge of the firm’s Investment Committee, overseeing monthly meetings and evaluating recommendations from fellow committee members. Mitch received his BA degree from State University of New York (Albany) in 1979 and his MBA degree (with concentration in finance) from New York University’s Stern Graduate School of Business Administration in 1984. From 1986 through 1994, he worked as a financial analyst at John Alden Financial Corporation, a multi-billion dollar financial services corporation headquartered in Miami. In 1994, Mitch joined The Enrichment Group™ to provide comprehensive financial planning and investment management services to private clients. In addition to his responsibilities at The Enrichment Group™, Mitch is currently adjunct professor at the University of Miami, where he teaches Investment Planning. Mitch and his wife Lourdes live in South Miami with their two daughters, Laura and Michele. Mitch enjoys cheering on his daughter and her traveling soccer team, and spends lots of time with his family, sharing in such favorite outdoor activities as river rafting, hiking and bicycling.