Chairman: Clay Bradley, Vice President, Eno Farms, Inc. (Atlanta, GA)
Advisory Board Members: Rupal Poltack, Chief Operating Officer, The Crosby Company (Salem, NH) Susan Remmer Ryzewic, President/CEO, EHR Investments (Ponte Vedra Beach, FL) Lauren M. Johnson, CFA, Partner, Family Capital Management (Marietta, GA) Wendy L. Craft, Executive Vice President and General Counsel, Fulcrum Equities LLC (New York, NY) Clay Rolader, President, Fuqua Capital (Atlanta, GA) Mike Kane, President, Kestrel Investments (Wayne, PA) Dave Mumert, Mt Vernon Investments (Dallas, TX) Tommy Mayes, President & CEO, Piedmont Trust Company (Greensboro, NC) Andrew Seamons, Chief Investment Officer, Pittco Management (Memphis, TN) Mike Szalkowski, Chief Financial Officer, Schejola Partners (Atlanta, GA)
Sponsoring Organizations (to date): WisdomTree Asset Management, Inc. World Gold Council
` Institutional Investor Forums – 4th Annual Family Office Wealth Management Forum
Order in Chaos: Implementing Effective Strategies for Affluent Families in a Dynamic Environment Will 2013 be the year that the clouds of uncertainty finally clear? With the election settled, many of us hope that the result will be some positive direction for our nation. Some clarification, and some order restored to the current chaos, on the issues that matter most politically, economically, and financially, as well as from a regulatory and tax perspective that allows wealthy families to make the important decisions so many have put on hold for the past several years. The 4th Annual Institutional Investor/Gleneagles Group Family Office Wealth Management Forum will equip attendees with the information they need to decide upon practical solutions to the issues they are confronting. Expert speakers and panels of your peers will help define the issues of paramount importance to wealthy families and suggest viable solutions to them. Our program will generate thought‐provoking discussion and attending family office members and executives will share lessons learned on a number of matters from investment options to family structure and inter‐generational issues, each one addressed from the perspective of each attendee’s personal standards, principles, beliefs, goals, and family circumstances. Relying upon the participation of skilled specialists as well as experienced family office executives and family members, this year’s Institutional Investor/Gleneagles Family Office Wealth Forum will once again provide a forum to converse with other affluent families in a comfortable environment. Preliminary Program as of February 28, 2013
Wednesday, May 1 7:30 to 8:15 am
Registration and Buffet Breakfast Ballroom Foyer and Terrace 8:15 to 8:30 am
Welcome and Opening Remarks Ballroom – Salons II and III David B. Plyler, President, Gleneagles Group LLC Clay Bradley, Vice President, Eno Farms, Inc. Steven Olson, Executive Director / Editor‐in‐Chief, Institutional Investor Forums 8:30 to 9:15 am
Featured Speaker An Unvarnished Look at the Obama Administration, Congress, and Today’s Political Environment Ballroom – Salons II and III Michael Murphy, Political Strategist, Political Analyst for NBC News, and Contributing Editor, TIME When Arnold Schwarzenegger, Jeb Bush and Mitt Romney decided to run for governor, they called Mike Murphy. Murphy’s phone rang because he has a proven track record—26 gubernatorial and senatorial wins. Murphy, the man behind John McCain’s famous “Straight Talk Express,” currently gives audiences an unvarnished, honest look at today’s American political scene including the implications of another four years for the Obama Administration and a still‐divided Congress. Called a “media master” by Fortune magazine, Murphy has a trademark style that has led some to brand him brilliant and others, irreverent. His work has caught the eye of corporate America, where he has advised a variety of Fortune 500 companies on policy, public relations and issues of strategic importance. He appears regularly on NBC’s Meet the Press and Today as a political analyst, NPR where he contributes to Morning Edition and All Things Considered and is a contributing editor at TIME magazine, writing the widely followed "Murphy's Law" political column. Murphy also serves as a Senior Fellow at the Belfer Center for Science and International Affairs, JFK School of Government at Harvard University.
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Order in Chaos: Implementing Effective Strategies Families in a Dynamic Environment May 1‐2, 2013 | The Ritz‐Carlton, Reynolds Plantation | Greensboro, GA
` Institutional Investor Forums – 4th Annual Family Office Wealth Management Forum
9:15 to 9:45 am
Presentation Using MultiAsset Index Baskets as an “Alternative to Alternatives” Ballroom – Salons II and III This presentation will explore a framework that families can use to design their alternatives exposures within the context of their firm’s actual portfolio. Discussion will also include the ways investors can implement these alternatives exposures without cannibalizing other assets. 9:45 to 10:15 am
Presentation Mitigating Reputation Risk Ballroom – Salons II and III Social media, in particular, has brought the whole issue of risks to your family’s reputation back to the forefront. The good news is that as the risk has grown, so have the number of solutions available. This session will examine the nature of this risk and the solutions available to manage and mitigate it. 10:15 to 10:45 am
Refreshment Break Ballroom Foyer and Terrace 10:45 to 11:30 am
Workshop Series I Workshop A Case Study: The Use of Gold in Reducing Volatility & Increasing Liquidity in a Portfolio Osprey Workshop Leaders: Juan Carlos Artigas, Global Head of Investment Research, World Gold Council Additional workshop leader to be identified It is common for investors to use gold solely as hedge against inflation and currency debasement. Gold’s demonstrated ability to preserve capital over long periods of time and its enduring role as a high quality financial asset makes this a rationale choice. However, what is sometimes overlooked is gold’s ability to manage portfolio risk more effectively by reducing volatility and increasing liquidity. This workshop will employ a real‐world case study of how family offices have used and can use gold in their investment portfolio, including how some families have utilized gold for their wealth transfer needs.
Workshop B Minimizing Tail Risk Starling By definition, no one can say with certainty when the next low‐probability, high‐impact event will strike or especially what that event will be. But almost everyone agrees that we are in an economic time when once‐in‐a‐lifetime events happen with alarming regularity. So how can investors protect their portfolios and at what cost? What are the best solutions out there?
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Order in Chaos: Implementing Effective Strategies Families in a Dynamic Environment May 1‐2, 2013 | The Ritz‐Carlton, Reynolds Plantation | Greensboro, GA
` Institutional Investor Forums – 4th Annual Family Office Wealth Management Forum
11:30 to 12:15 pm
Workshop Series II Workshop C Healthcare Alternatives for the Family Office Osprey What are the options as an increasing number of families turn away from public healthcare? Is the best answer still concierge services or self‐insurance? What will be the impact of Obamacare on access and costs?
Workshop D Should You Have a Family Bank? Starling What is driving some families to create their own bank? How do these banks differ from a family trust? What are the benefits and what are the drawbacks? What would these banks provide that traditional sourcing of banking and seed capital don’t? 12:15 to 1:00 pm
Panel Discussion Alternative Sources of Yield: Finding Returns In a Zero Interest Rate Environment Ballroom – Salons II and III Moderator: Mike Szalkowski, Chief Financial Officer, Schejola Partners Panelists: Dave Mumert, Mt Vernon Investments Panelists to be identified Most families are looking for alternative sources of yield, given the lack of returns from traditional sources. This session will look not only at specific strategies that might provide the necessary yield, but also at the attendant risks. Speakers will also examine the expertise and the resource commitments required to identify and monitor these investments. Some topics to be examined include: Emerging markets debt High‐yield corporate fixed income Direct/middle market lending MLPs Mortgages 1:00 to 2:15 pm
Lunch with Guest Speaker Ballroom – Salon I Speaker to be invited 2:15 to 2:45 pm
Panel Discussion The Benefits and Difficulties of CoInvesting Ballroom – Salons II and III Moderator: Wendy L. Craft, Executive Vice President and General Counsel, Fulcrum Equities LLC Panelists to be identified
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Order in Chaos: Implementing Effective Strategies Families in a Dynamic Environment May 1‐2, 2013 | The Ritz‐Carlton, Reynolds Plantation | Greensboro, GA
` Institutional Investor Forums – 4th Annual Family Office Wealth Management Forum
As some families are moving into investing in more esoteric and complicated strategies and more exotic assets, what is the benefit of co‐investing, either with asset managers or by syndicating club deals among families? While the benefits to be gained include potentially lower fees and a more collaborative model, the difficulties might include the changing of the relationship between your family and the others in the syndicate. 2:45 to 3:30 pm
Panel Discussion Investing Amidst Our New Tax Reality: Tax Deferral and Other Investment Strategies Ballroom – Salons II and III Whatever happens to resolve the much‐discussed fiscal cliff, families are going to have to pay increased attention to the tax implications of their investments. Higher taxes are quite likely to revive interest in strategies such as private annuities and other more tax‐efficient approaches. How can families manage the attendant, adverse consequences such as the removal of exemptions for audit and compliance? Do some families worry about taxes too much at the expense of their investment choices? 3:30 to 4:15 pm
Workshop Series III Workshop E Using the Secondary Markets to Access Opportunities and Improve Liquidity Osprey Interest from investors in the secondary markets is growing rapidly and is no longer confined to large institutions like pension funds. This session will examine how families can use the secondary markets to access opportunities, primarily – but not only – with hedge funds and private equity funds – and still improve the liquidity of those investments.
Workshop F Real Estate Alternatives for Every Risk Budget and Investment Objective Starling Real estate investments are becoming increasingly important to many families’ portfolios. Not only do these assets kick off a fairly steady stream of income, they are good diversifiers and can be structured in a tax‐efficient manner. 4:15 to 4:45 pm
Refreshment Break Ballroom Foyer and Terrace 4:45 to 6:00 pm
Presentation and Moderated Discussion Groups Let’s Talk It Over: Discovering What’s On the Minds of Families Like Yours Ballroom – Salons II and III [To facilitate a candid discussion of issues important to family offices, this session will be open only to family members and family office executives.] Discussion Leaders: Susan Remmer Ryzewic, President/CEO, EHR Investments Mike Kane, President, Kestrel Investments Additional discussion leaders to be identified This session will focus on a range of issues uppermost on the minds of families. It will offer attendees the chance to hear how other families are grappling with similar issues, including: Inter‐Generational Communication Strategies – What are the keys to effective communications within a family, especially when different generations communicate differently, emphasize different things, and probably use different media? ` Page 6
Order in Chaos: Implementing Effective Strategies Families in a Dynamic Environment May 1‐2, 2013 | The Ritz‐Carlton, Reynolds Plantation | Greensboro, GA
` Institutional Investor Forums – 4th Annual Family Office Wealth Management Forum
Identifying, Preserving, and Capturing the Family Legacy – Who determines “who” the family is today; what are the standards and parameters for the third and even fourth generations; what is the best means of preserving family history and records and make that information meaningful for new generations? 6:00 pm
Day’s Sessions Adjourn 7:00 to 8:00 pm
Cocktail Reception Georgia’s Patio 8:00 to 9:30 pm
Dinner Georgia’s 9:30 to 11:00 pm
Evening Entertainment Ante Up and Try Your Luck Ballroom
Thursday, May 2 8:00 to 8:30 am
Buffet Breakfast Ballroom Foyer and Terrace 8:30 to 8:45 am
Welcome and Benchmarking Survey Ballroom – Salons II and III 8:45 to 9:30 am
Guest Presentation Unanticipated Consequences: A LookThrough of the Chinese Investment Bust Ballroom – Salons II and III Vikram Mansharamani, Author and Lecturer, Yale University Vikram Mansharamani is an experienced global equity investor and Lecturer at Yale University. He is the author of BOOMBUSTOLOGY: Spotting Financial Bubbles Before They Burst. Mr. Mansharamani is a regular commentator in the financial media, having contributed to Bloomberg, CNBC, Forbes, Fortune, The New York Times, The Wall Street Journal, The Atlantic, The South China Morning Post, The Korea Times, The Khaleej Times, and The Daily Beast, among others. 9:30 to 10:15 am
Panel Discussion Constructing a Portfolio that Successfully Manages DownSide Risk Ballroom – Salons II and III Moderator: Tommy Mayes, President & CEO, Piedmont Trust Company ` Page 7
Order in Chaos: Implementing Effective Strategies Families in a Dynamic Environment May 1‐2, 2013 | The Ritz‐Carlton, Reynolds Plantation | Greensboro, GA
` Institutional Investor Forums – 4th Annual Family Office Wealth Management Forum
Panelists: Juan Carlos Artigas, Global Head of Investment Research, World Gold Council Additional panelists to be confirmed The past few years have reinforced the need for investors to manage down‐side risk – to try to engineer away the effect of a significant market downturn. This effort entails doing a better job with asset allocation in general, finding assets that are true diversifiers in good times and bad, and being tactical as necessary. This session will discuss how families are grappling with the issue of constructing a portfolio that truly and successfully manages the down‐side. 10:15 to 10:45 am
Refreshment Break Ballroom Terrace 10:45 to 11:15 am
Presentation Effective Strategies for Successful InterGenerational Communication Ballroom – Salons II and III Presented by: Timothy Habbershon, PhD, Family Office Executive and Founding Director, Institute for Family Enterprising, Babson College 11:15 to 12:00 pm
Panel Discussion Impact Investing: Can You Make a Profit Too? Ballroom – Salons II and III Moderator: Daniel Shakani, Family Member, RDS Capital Family Office (London, UK) Panelists to be identified This session will examine how the landscape has changed for many families from one of straightforward charitable giving to one which assumes that you can do good, make an impact, and still make a profit. 12:00 to 12:45 pm
Panel Discussion Changes in Philanthropy Today Ballroom – Salons II and III Moderator to be identified Panelists: Lauren M. Johnson, CFA, Partner, Family Capital Management Additional panelists to be identified A number of factors, including changes between generations, are causing many families to change the way they approach the whole issue of philanthropy. One of the biggest changes is the focus of those charitable efforts. This session will explore the utility of impact (also known as social entrepreneurism or socially responsible investing) and the other factors that are driving changes in philanthropy today. 12:45 to 2:30 pm
Lunch with Guest Speaker Giving Back: Being a Pragmatic Philanthropist
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Order in Chaos: Implementing Effective Strategies Families in a Dynamic Environment May 1‐2, 2013 | The Ritz‐Carlton, Reynolds Plantation | Greensboro, GA
` Institutional Investor Forums – 4th Annual Family Office Wealth Management Forum
Ballroom – Salon I Joey Cheek, Gold Medal‐Winning Olympic Athlete and Philanthropist Joey Cheek has won two Olympic medals as a world champion speed skater and has also been a leader in using his position within the high‐profile sports world to raise money for the development of children in some of the most disadvantaged areas of the world. His acts of charity have landed his face on the Wheaties box, gotten him named as one of Time magazine’s 100 Most Influential People in the World, and People magazine’s list of the most interesting people. In September of 2006, Mr. Cheek participated in the Clinton Global Initiative where he officially launched the Darfur action organization, Where Will We Be, which has gathered an international coalition of champion athletes to join him in raising money to help others and to help resolve conflicts in regions such as South Sudan. 2:30 to 3:00 pm
Presentation Trust and Estate Planning in Our New Tax Reality Ballroom – Salons II and III By May 2013, the consequences of the decisions being made in Washington DC for trust and estate planning will be becoming clear. This presentation will focus on what families must understand about this new tax reality in order to minimize the adverse financial costs. 3:00 to 3:15 pm
Break [During this break, members of the Advisory Board will gather to determine the 3‐4 key issues, derived from previous sessions that deserve more discussion by family members and family office executives.] 3:15 to 4:15 pm
Open Forum Making Sense of It All Ballroom – Salons II and III Discussion Leaders: Rupal Poltack, Chief Operating Officer, The Crosby Company Susan Remmer Ryzewic, President/CEO, EHR Investments Lauren M. Johnson, CFA, Partner, Family Capital Management Mike Kane, President, Kestrel Investments Dave Mumert, Mt Vernon Investments Tommy Mayes, President & CEO, Piedmont Trust Company Andrew Seamons, Chief Investment Officer, Pittco Management Additional discussion leaders to be identified. (All Advisory Board members will be asked to consider serving as discussion leaders.) Please join this far‐reaching, deep‐diving, wide‐ranging discussion of the issues uppermost on the minds of family members and family office executives. Discussion is informal and interactive and will delve more deeply into the topics raised during prior sessions 4:15 pm
Program Concludes 5:00 pm
Cocktails and Cruise Enjoy a relaxing cruise on Georgia’s second largest lake, one which enjoys a reputation as an “oasis of relaxation and rejuvenation”. 6:00 pm
Southern Dinner ` Page 9
Order in Chaos: Implementing Effective Strategies Families in a Dynamic Environment May 1‐2, 2013 | The Ritz‐Carlton, Reynolds Plantation | Greensboro, GA
` Institutional Investor Forums – 4th Annual Family Office Wealth Management Forum
Institutional Investor and the Gleneagles Group invite you to join us along with your friends and colleagues for a traditional southern dinner following a lovely cruise on Lake Oconee. A perfect way to relax while enjoying a wonderful meal. Please RSVP in advance for the cruise and dinner to Angela Ng,
[email protected]. Instructions will be provided at the conference. Please arrive 15 minutes early for the cruise, which will depart at 5:00 pm.
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Order in Chaos: Implementing Effective Strategies Families in a Dynamic Environment May 1‐2, 2013 | The Ritz‐Carlton, Reynolds Plantation | Greensboro, GA
Chairman Clay Bradley, Vice President, Eno Farms, Inc. (Atlanta, GA)
Advisory Board Clay Drury, Chief Investment Officer, The Jordan Family Office (Chicago, IL) Richard Feldman, Managing Director, Rijo Investment Group (Encino, CA) Clive Fleissig, Chief Operating Officer, Brener Group (Beverly Hills, CA) Rich Johns, Chief Investment Officer, WLD Enterprises (Ft. Lauderdale, FL) Lisa Johnson, President, Blue Spruce Capital (Boulder, CO) Katie Kalvoda, Managing Director, Newport Wealth Management (Newport Beach, CA) Darrin Kasteler, Chief Investment Officer, The Agnew Company (Centralia, WA) Ronald Macleod, Managing Partner, Baciu Family Capital (Carpinteria, CA) Doug Martin, Senior VP, Investments, Kitano Capital, LLC (Arlington, TX) Mark McKee, President, Capital Alternatives, LLC (San Francisco, CA) Michael Novak, President, Wellspring Financial Advisors (Cleveland, OH) Mariah Quish, Principal, Quish & Co. LLC (Boulder, CO) Robin Selvey, Investment Manager, Vlasic Group (Bloomfield Hills, MI)
Sponsoring Organizations (to date) Lead Sponsor World Gold Council
` Institutional Investor Forums – Family Office Wealth Conference
Preliminary Program as of February 28, 2013
Sunday, September 22 11:30 am
Registration and Buffet Lunch Foyer and Courtyard [Please note that the program will begin while lunch is still available. Attendees are welcome to bring their lunches into the meeting room.] 11:55 am
Welcome Grand Ballroom II and III 12:00 pm
Guest Presentation The World We Live In: The Macroeconomic Landscape Grand Ballroom II and III Family offices are tied at least as much – and probably more so – to the macroeconomic environment as any investor. Arguably, there is no longer such a thing as an isolated event. This expert will provide his insight into the key factors which will impact the global macro economy and thereby drive investment decisions through the remainder of 2013 and into 2014. 12:45 pm
Guest Presentation The World We Live In: The Political Landscape Grand Ballroom II and III First comes economics then comes politics; one can’t exist without the other and investors can’t make any smart decisions without knowing what’s coming at them from Washington, DC and even, increasingly, state capitals of key states. This big‐name political observer will offer her analysis of our current political landscape and even a bit of a glimpse into what – believe it or not, they already matter – the midterm elections will look like next year. 1:30 pm
Panel Discussion Modern Philanthropy: What Does It Look Like? Grand Ballroom II and III A number of factors, including changes between generations, are causing many families to change the way they approach the whole issue of philanthropy. One of the biggest changes is the focus of those charitable efforts. This session will explore the factors that are driving changes in philanthropy today. 2:15 pm
Panel Discussion Evolving the Family Office Grand Ballroom II and III Some family office members and executives who attend conferences have the opinion that the topics are always the same. That may be, to some degree, but even if the larger issues – family office structure and governance, etc – remain relatively the same, the way the outside world is impacting these offices and the needs of the families themselves are evolving. This session will delve into the most critical matters impacting family offices and discuss new solutions for perennial issues, including:
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Order in Chaos: Implementing Effective Strategies for Affluent Families in a Dynamic Environment September 22‐24, 2013 | Montage Resort & Spa | Laguna Beach, CA
` Institutional Investor Forums – Family Office Wealth Conference
The value of talent: Attracting and retaining key professionals – deferred comp, options, etc. Succession issues What/how much should be managed externally v internally – what issues does this raise? Structure of the investment committee Is the answer an outsourced CIO? 3:00 pm
Refreshment Break The Courtyard 3:30 pm
Panel Discussion Unique Insight: The Opinions and Perspectives of Leading Family Offices Grand Ballroom II and III In this wide‐ranging session, this panel of past winners of the Family Office of the Year Award will offer their opinions and perspectives on some of the issues of most concern to all family members and family office executives. By sharing their lessons learned, the experiences of these individuals is likely to save other family offices time and money. 4:30
Moderated Discussion By Invitation Only: A Family Gathering Grand Ballroom II and III [To facilitate a candid discussion of these and other issues, this session will be open only to family members and family office executives.] What are the issues and concerns most on the minds of affluent families in the current environment? Where are they investing? What new governance structures, analytical and reporting systems, ideas and products are they considering? What are the events and trends mainly influencing their thinking? By tradition and precedent, this session is open to family office executives and family members only. Participants will have the opportunity to communicate with one another and to share information and discuss their views, interests, pursuits and ideas related to improving the management of family offices and enhancing family relationships. With the help of designated facilitators, the audience will be encouraged to have an open and direct discussion that allows for an assortment of observations, outlooks, decisions and insights to be aired in a collegial atmosphere, including: How do you get your family to define its objectives? Reputation risk – being careful who you invest with; how do you treat politics? 6:15 pm
Time at Leisure 6:45 pm
Welcome Cocktail Reception Ocean Lawn The view from the Ocean Lawn never ceases to amaze the eyes with its expansive Pacific Ocean horizon, big sky and dramatic sunsets. We look forward to your joining us at our welcoming cocktail reception where you can connect with old and new acquaintances and in a tranquil setting while you relish a tempting assortment of hors d’oeuvres created by the superb culinary staff of the Montage.
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Order in Chaos: Implementing Effective Strategies for Affluent Families in a Dynamic Environment September 22‐24, 2013 | Montage Resort & Spa | Laguna Beach, CA
` Institutional Investor Forums – Family Office Wealth Conference
Monday, September 23 7:45 am
Registration and Buffet Breakfast Grand Ballroom I 8:20 am
Welcome Grand Ballroom II and III 8:30 am
Panel Discussion War Games: What Are You Doing to Prepare For…? Grand Ballroom II and III Moderator: Darrin Kasteler, Chief Investment Officer, The Agnew Company Panelists to be confirmed This session will assess some of the primary investment issues of today and will challenge attendees to examine how they are preparing for these scenarios. 9:15 am
Panel Discussion Constructing the Optimal Portfolio: Asset Allocation and Manager Selection in 201415 Grand Ballroom II and III A portfolio in 2013 should not resemble too much one constructed for the investment needs of 2008. And, arguably, neither should the line‐up of your managers. Where are investors finding the returns they need? What are the risk consequences of searching for yield amidst this continuing low‐rate environment? What strategies and managers do you need to meet your investment objectives going forward? Is a hub and spoke/core‐satellite model the answer? Thinking of investing for your family as essentially a target date fund How much risk are you willing to take on in the pursuit of returns? How the size of assets determines your options 10:00 am
Case Study How Family Offices are Using Gold in Their Portfolios Grand Ballroom II and III Presented by: World Gold Council 10:30 am
Refreshment Break The Courtyard 11:00 am
Workshop Series I Workshop A ` Page 5
Order in Chaos: Implementing Effective Strategies for Affluent Families in a Dynamic Environment September 22‐24, 2013 | Montage Resort & Spa | Laguna Beach, CA
` Institutional Investor Forums – Family Office Wealth Conference
Don’t Let the Tail Wag the Dog: TaxEfficient Investing Gallery I Changes in taxation are changing the net benefit equation for many investment strategies and asset classes. Investments that made sense before may no longer make sense when returns are net of fees and taxes.
Workshop B Co and Syndicated Investing Gallery II As some families are moving into investing in more esoteric and complicated strategies and more exotic assets, what is the benefit of co‐investing, either with asset managers or by syndicating club deals among families? While the benefits to be gained include potentially lower fees and a more collaborative model, the difficulties might include the changing of the relationship between your family and the others in the syndicate. 11:30 am
Workshop Series II Workshop C The Best Credit Strategies for 20132014 Gallery I
Workshop D Gallery II Presented by World Gold Council 12:00 pm
Workshop Series III Workshop E What Is the Ongoing Role for MUNIs in a Family Office Portfolio? Gallery I
Workshop F Should You Have a Family Bank? Or Are Trusts Sufficient? Gallery II What is driving some families to create their own bank? How do these banks differ from a family trust? What are the benefits and what are the drawbacks? What would these banks provide that traditional sourcing of banking and seed capital don’t? 12:30 pm
Lunch with Guest Speaker Gallery Ballroom 2:00 pm
Panel Discussion Are We Seeing the Death of Fixed Income Investing? Or Can You Do More with Bonds? Grand Ballroom II and III What role can fixed income play in portfolios going forward? Is the answer going up the risk curve in search of yield? Are you prepared to take on the risks of doing so? 2:45 pm
Interview ` Page 6
Order in Chaos: Implementing Effective Strategies for Affluent Families in a Dynamic Environment September 22‐24, 2013 | Montage Resort & Spa | Laguna Beach, CA
` Institutional Investor Forums – Family Office Wealth Conference
Grand Ballroom II and III 3:15 pm
Presentation Grand Ballroom II and III 3:45 pm
Refreshment Break The Courtyard 4:15 pm
Guest Presentation A Conversation and Concert with Peter Buffett Grand Ballroom II and III 6:00 pm
Gala Cocktail Reception Studio Lawn Relax with us and watch the sun set while enjoying a beverage and some hors d’oeuvres before we get set to enter Montage Resort’s distinguished Studio restaurant for a delightful meal prepared personally by Executive Chef Craig Strong. 7:00 pm
Seated Dinner Studio Restaurant Each year, award‐winning Executive Chef Craig Strong prepares an exclusive meal that is always considered special and highly regarded by our guests. Please join us to unwind, enjoy and share conversation in the beautiful Studio Restaurant. 9:00‐10:30 pm
Evening Entertainment: You Can Bet on It! Gallery Ballroom Don’t miss out on your chance to win a valuable prize at our private gambling “resort” created just for you. Gaming and fun, fun, fun is on the menu.
Tuesday, September 24 7:45 am
Buffet Breakfast Grand Ballroom I 8:50 am
Welcome and Benchmarking Survey Grand Ballroom II and III 9:00 am
Guest Presentation The Social and Investment Implications of the Great Fracking Debate Grand Ballroom II and III ` Page 7
Order in Chaos: Implementing Effective Strategies for Affluent Families in a Dynamic Environment September 22‐24, 2013 | Montage Resort & Spa | Laguna Beach, CA
` Institutional Investor Forums – Family Office Wealth Conference
If you’re among the group that sees opportunities in this sector of the market, how can you invest? 9:45 am
Workshop Series IV Workshop G Meeting Your Investment Objectives with Liquid and Illiquid Alternatives Strategies Gallery I
Workshop H Real Estate Alternatives for Every Risk Budget and Investment Objective Gallery II Real estate investments are becoming increasingly important to many families’ portfolios. Not only do these assets kick off a fairly steady stream of income, they are good diversifiers and can be structured in a tax‐efficient manner. 10:15 am
Refreshment Break The Courtyard 10:45 am
Panel Discussion Understanding the Impact of the ‘DoddFrank Act’ and Other Regulatory Issues Confronting Family Offices Grand Ballroom II and III Moderator: James P. Kane, CIC, President, Hub International Personal Insurance Ltd. Panelists: Timothy P. Terry, Deputy General Counsel, Hartz Capital, Inc., Secaucus, New Jersey (Family Office) David Guin, Partner, Withers Bergman LLP While the SEC has provided an exemption for the registration requirement for family offices under the Dodd‐Frank financial reform act, many families still appear to have less than a full understanding of how and when the rules might affect them. In addition, the CFTC is now scrutinizing family offices and has yet to issue an exemption. This comes as a variety of additional issues within the regulatory framework are coming to the fore, from the looming potential changes in the estate and general tax environment, to the new compliance obligations families must be contend with. Indeed, in the year ahead there are numerous legislative and regulatory issues it behooves families to know about and to plan for. In this session, experts will outline the most important regulatory issues families need to grasp and provide well‐informed perspective on how best to deal with them comprehensively. 11:30 am
Panel Discussion Translating the Endowment Model to a Taxable Structure: Asset Allocation Considerations for Family Offices Grand Ballroom II and III Cash flow considerations What resources are required? 12:15 pm
Panel Discussion Impact Investing: Can You Make a Profit Too? ` Page 8
Order in Chaos: Implementing Effective Strategies for Affluent Families in a Dynamic Environment September 22‐24, 2013 | Montage Resort & Spa | Laguna Beach, CA
` Institutional Investor Forums – Family Office Wealth Conference
Grand Ballroom II and III Moderator: Anis Ashghar, Chief Investment Officer, RDS Capital Ltd (London, UK) Panelists to be identified This session will examine how the landscape has changed for many families from one of straightforward charitable giving to one which assumes that you can do good, make an impact, and still make a profit. 1:00 pm
Lunch with Guest Speaker Grand Ballroom I 2:30 pm
Forum Concludes
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Order in Chaos: Implementing Effective Strategies for Affluent Families in a Dynamic Environment September 22‐24, 2013 | Montage Resort & Spa | Laguna Beach, CA