Family Wealth Report, 24 September – 2015

About

The Family Wealth Report summits are large-scale thought-leadership, education and networking events exclusively for members of the Family Wealth Report Network.

Hosted as morning events, the Family Wealth Report summits are an unrivalled thought-leadership platform. Family Wealth Report events encourage intellectual debate on the challenges and opportunities facing the industry and are designed to be an optimal use of a wealth managers’ precious time. We would normally expect around 150 high-level professionals to attend this event.

Targeting an exclusively professional and select audience, Family Wealth Report events are consistently over-subscribed. Together with the sponsors, we choose cutting-edge topics that align with their strategic direction, and in this manner we are able to ensure the attendance of the decision-makers who matter most.

The New York summits provide attendees with the opportunity to attend up to three specialist panels where strategy, operations, investment management and compliance, amongst other issues are discussed in depth.


Agenda

08:00 – 09:00       Registration and breakfast
09:00 – 09:50       Aligning Family Situations With After-Tax Returns: What Are The Most Significant Differentiators When Investing?
Taxes often form the biggest chunk taken out of total returns for an investor and as such, trying to best manage these is a priority for high net worth individuals. This panel will assess how family situations may be aligned with after-tax returns, investment tools and ways that tax losses can be best harvested. Points to be covered include:

  • Current techniques within wealth management for maximising after tax portfolio returns
  • The elements of a family’s tax profile that drive portfolio choices
  • Types of gains to be considered, from active to passive and portfolio
  • How can pre and post tax investment returns generate losses, and how can a family situation be aligned with after tax gains?
  • The impact of legislation and taxes on equity returns
  • Current methods of tax-loss harvesting and how these techniques can be utilised across broader client portfolios
  • The place for tax harvesting when chasing passive beta returns

09:55 – 10:45         The Five Technology Adoption Methods: Which One Is Right For Your Firm?
Over the last 15 years wealth management firms have taken varied approaches to implementing technology within their organization.  Many have succeeded and some have even failed.  From single family offices to multi-family offices, RIAs and private banks, each one has a unique set of needs and requirements.
With technology evolving and teams requiring more firepower from their applications, firms are left in a quagmire around the best approaches for adopting technology and how to decide the best path to align with its business model and goals.
Learn about the 5 adoption methods wealth management firms are using today and some of the pros and cons of each as you mull over the appropriate and most effective approach to technology.  Some of the questions we will cover:

  • An assessment of building, upgrading, licensing, outsourcing and hybrid
  • When should you consider an outsourced or hybrid model?
  • Which type of firm succeeds with just an upgrade of their existing technology?

10:45 – 11:15                        Networking and refreshments

11:15 – 12:05            Health And Wealth Management: Building A Team To Tackle Family Issues Today & In The Future
At a time where life expectancy continues to rise, figures show that only a third of wealthy individuals are talking to their wealth managers about plans surrounding increased longevity. This panel will assess what advisors can do to facilitate difficult conversations between family members at a time when interdependencies between generations grow, as well as recruitment and training issues surrounding this. Points to be covered include:

  • Assembling advisor teams to serve a family across generations
  • Advisor training on approaching longevity and health issues among families
  • Incorporating health issues into succession planning discussions
  • Turnover and servitude issues at family offices – how to keep sensitive conversations alive when younger advisors change jobs and older advisors retire
  • How does the client want to be served: five-person teams versus the individual touch
  • Key financial planning considerations when dealing with elderly clients

12:05 – 13:00          Lunch and networking

 


Logistics

Date and Time

Date: Thursday 24th September • 2015
Time: 8:00 am – 1:00 pm

Venue

The University Club - New York

Address: 1 W 54th St, New York, NY 10019, United States


Speakers

Bruce Weatherill

Chief Executive

Weatherill Consulting

Bruce is a chartered accountant with over 37 years financial services experience, previously a partner in PwC, latterly as Global leader of their Wealth Management practice and the key driver of their bi-annual Wealth Management Report. Bruce is now CEO of Weatherill Consulting providing advice on client centricity and wider strategic matters to wealth managers. He is the author of The Value of Trust: the quest by Wealth Managers for Trusted Advisor status and a number of other thought leadership reports. Bruce is chairman of ClearView Financial Media and a non-executive of a number of companies including Fidelity Holdings UK, The Wisdom Council, ComPeer and JDX Consulting.

Charlie Carr

Executive Director

EY

Charlie Carr is an executive director in EY’s private client services practice, specializing in family offices. He joined EY in 2014, after 19 years with US Trust, Bank of America Private Wealth Management, including eight years in US Trust’s multi-family office, and four years directing private bank client research and leading a national effort to increase client delight. Prior to joining Bank of America, he was a manager in Price Waterhouse’s Management Consulting Services group.

He provides particular insights into wealthy families, their family offices, and what they want from financial services firms. He has worked with hundreds of family offices, helping families create the family office that best meets their interests and goals, including defining what services to offer, finding technology that supports those services, identifying risks in the office, and defining efficient processes to support the family and their desired legacy.

Iain Silverthorne

Partner & Wealth Advisor

Evercore Wealth Management

FSL is the market-leading provider of specialist investment tax solutions: keeping our clients ahead of change, removing complexity and protecting them from risk.

Our Offshore Reporting Funds website is a single point of access to accurate, trusted and up-to-date data on these complex investment vehicles, for timely submission of HMRC tax forms.

CGiX, our market-leading capital gains tax software, drives CGT calculations in over 100 organisations across the UK and Europe, including 25 Tier 1 and Tier 2 investment banks, private wealth companies, IFAs and specialist tax consultancies.

With a twenty-year track record as the market’s full-service strategic partner of choice, our experience, quality, authority and complete client-focus enables FSL to streamline investment tax management and future-proof businesses.

Jason Brown

Chief Executive

Archway Technology Partners

Jason Brown founded Archway Technology Partners in 2002. He holds overall responsibility for all aspects of the firm as broad as strategic growth and as detailed as daily company operations. Jason has overseen the growth of the company from one person to today where the firm employs over 100 highly-skilled team members across three separate businesses in three locations.

From 1995 to 1997, Jason worked for Arthur Andersen Business Consulting in Grand Rapids, MI, where he worked on developing and implementing enterprise resource planning software systems. In 2001, Jason founded a hedge fund named The Pioneer Group. During this time Jason developed a software application to manage the partnership accounting and back-office accounting functions for hedge funds. In August 2002, Jason closed The Pioneer Group and founded Archway.

Kemp Stickney

Chief Fiduciary Officer and Head of Family Wealth

Wilmington Trust

Kemp oversees the fiduciary services and family wealth groups for wealth advisory services at Wilmington Trust Company. He leads the national private client services team and family office team that handle the financial and life management affairs for those clients with the most complex needs. Kemp also leads the wealth advisory business acceptance process and partners with the leaders in the firm’s national offices to oversee the fiduciary and planning experts located throughout the US. He also serves as a member of the trust management committee, investment committee, and as an ex-officio member of the investment strategy team.

Kemp has more than 27 years of experience in the financial services industry, specializing in developing and coordinating appropriate tax advantaged strategies and wealth management services for prominent individuals, families, and foundations. He joined Wilmington Trust in 1998 and served as president of Wilmington Trust, FSB Florida from 2002 to 2008. Earlier in his career, Kemp held various trust and business development positions at Bessemer Trust Company and Bank of Boston.

Michael Cole

President

Ascent Private Capital Management of U.S. Bank

As the president of Ascent Private Capital Management, Michael Cole spends the majority of his time sharing his vision of how the firm may help families with significant resources act strategically to potentially make an impact with their wealth.

Through Ascent Private Capital Management, Michael and his team provide ultra-high net worth clients with a unique and distinctive suite of wealth-management services that combine traditional wealth management offerings with cutting-edge “wealth impact” services.

He believes there is no higher calling than to help people move forward in a direction that creates a positive change in how they manage their wealth and impact the world.

Michael brings more than 28 years of financial-service experience to his position and is a certified financial planner. He previously held positions at Merrill Lynch, including serving as president of its trust division.

Michael Zeuner

Managing Partner

WE Family Offices

Having joined WE Family Offices as one of its three managing partners in 2013, Michael Zeuner oversees the firm’s US business. A management consultant by training, Michael has considerable experience as a leader in the wealth management industry. This included a leadership position at GenSpring Family Offices, where he was a member of the firm’s operating committee and senior executive partner responsible for the firm’s local family offices across the US. Before this he was managing director and global head of wealth solutions at JP Morgan Private Bank, having been head of strategy and marketing worldwide at Chase Manhattan Private Bank prior to its merger with JP Morgan in 2002. Michael is also a board member and co-founder of the Institute for the Fiduciary Standard.

Paul Cummings

Regional Managing Director

Abbot Downing

Paul Cummings is the regional managing director of the Northeast region of Abbot Downing where he oversees strategy and client management. Prior to joining Abbot Downing, Paul was a managing director at Merrill Lynch where he managed solution delivery and strategic planning.

Before Merrill Lynch, he worked for more than 15 years at The Bank of New York where he was a managing director and head of the advisor wealth services group. Paul has served as a member of the Investment Company Institute’s research committee. He is an active supporter of United Way and involved with several community organizations. Paul lives in New Jersey with his wife and three children.

Ron Pruitt

Executive Vice President

Envestnet

Mr. Pruitt is responsible for the Envestnet | Placemark business as well as leading the portfolio management product organization.

Prior to Envestnet’s acquisition of Placemark Investments, he served as Chief Investment Officer of Placemark Investments and led the design and delivery of Placemark’s overlay management service. Ron graduated from the United States Military Academy at West Point and was a Kozmetsky scholar at the University of Texas at Austin’s Graduate School of Business where he received his MBA. He is a CFA charter holder and is the Inventor of US Patent number 7,668,773 that focuses on overlay portfolio management of taxable portfolios. Prior to founding Placemark Investments, Ron had five years of distinguished military service and subsequently held various roles within General Electric including leading the implementation of Six Sigma initiatives as a Black Belt and Master Blackbelt .

Ronald Shemesh

Senior Vice President

Columbia Threadneedle Asset Management

Ronald Shemesh is a senior vice president and senior portfolio manager on the structured equity team at Columbia Threadneedle Investments. He is responsible for both institutional and high-net-worth domestic tax efficient structured equity (TESE) portfolios. Ronald joined one of the Columbia Threadneedle Investments legacy firms in 2003.

Previously, Ronald was a senior consultant at Barra Inc. He has been a member of the investment community since 1997.

Ronald is a member of the New York Society of Security Analysts and the CFA Institute. In addition, he holds the Chartered Financial Analyst designation.

Stephen Harris

CEO

ClearView Financial Media

Stephen Harris is chief executive of ClearView Financial Media, publisher of global wealth management news sites WealthBriefing, Family Wealth Report and WealthBriefingAsia; as well as compliance, tax and remuneration-centred Compliance Matters, Offshore Red and Executive Compensation Briefing respectively. He has 25 years’ financial publishing experience, 17 years of which have been running growth companies.

He has written extensively on global wealth management issues and leads ClearView’s global events team. As well as training as an accountant, Stephen has worked as a hedge fund manager and as a private banking headhunter.

Taking his wealth management knowledge from behind his publications, Stephen is often at the centre a variety of thought-leadership events in the industry. He has spoken on a number of panels and webinars as an expert in the field, as well as commentating on television, and leading internal staff training programmes.

Not only has he chaired panels at numerous conferences organised by ClearView in the UK, US and Asia; Stephen has chaired filmed round-tables for firms, such as BNP Paribas and Appway.

Stephen Lee

Regional Vice President, Private Wealth Division

Columbia Management

Stephen Lee is a regional vice president in the private wealth division for Columbia Management Distributors. Stephen joined the firm in 2006 and has been a member of the investment community since 1995, and holds the Certified Investment Management Analyst designation.

Prior to joining Columbia Management, Stephen spent several years as a consultant to the hedge fund industry, specializing in marketing and distribution. He has worked in alternative investments at Citigroup Alternatives Investments and KPG Investments, and in private banking at JP Morgan, Deutsche Bank and Swiss Bank Corporation in New York.

Stephen has taught at City College of the City University of New York and Lafayette College.

Thomas Riggs

Managing Director, Financial Services and Family Office Tax

O'Connor Davies Family Office

Thomas Riggs has over 30 years of experience in the financial services industry, and during that time he has been a trusted advisor to countless family offices, funds, private equity and venture capital firms. He works closely with families in structuring their investment holdings in a tax-efficient manner, as well as assisting fund managers and investment advisors in structuring and maintaining their investment vehicles. He services a worldwide client list, and is often called upon to provide international tax guidance.

Thomas began his career in Chicago as a tax manager in the partnership tax group of Arthur
Andersen & Co. After three years in private industry as tax director and in-house counsel he turned to a career in the Chicago futures and options markets as an SEC-licensed broker/dealer and member of the Chicago Board Options Exchange. From there he transitioned into private practice as a legal and tax consultant to the Chicago trading and investor community.


Sponsors


Register


Sponsors