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LAST UPDATED: Wednesday, March 19 2008
7:00 REGISTRATION AND CONTINENTAL BREAKFAST 8:00 CONFERENCE OPENING Albert Neubert, Senior Vice President Business Development, INFORMATION MANAGEMENT NETWORK and Executive Director, INDEX BUSINESS ASSOCIATION 8:10 ROUNDTABLE: REVOLUTION IN THE ETF MARKETPLACE This is your opportunity to gain some insight into the rapid pace of change in the world of exchange-traded products. Join us as we answer these questions: How have the current market conditions affected ETFs and their usage? Given the large number of recent non-equity product introductions - What lies ahead? Why have niche equity offerings found such a receptive audience? Actively managed products are here - What competitive moves will we see in the industry? How would the proposed SEC ETF rule changed further affect the marketplace? Moderator: Albert Neubert, Senior Vice President Business Development, INFORMATION MANAGEMENT NETWORK and Executive Director, INDEX BUSINESS ASSOCIATION Panelists: Joseph F. Keenan, Managing Director, THE BANK OF NEW YORK MELLON CORPORATION John A. Prestbo, Editor and Executive Director, DOW JONES INDEXES Kathleen H. Moriarty, Partner, KATTEN MUCHIN ROSENMAN LLP Thomas Anderson, CFA, Head - Strategy and Research Group and Vice President, STATE STREET GLOBAL ADVISORS Richard Keary, New Listings - Corporate Client Group, THE NASDAQ STOCK MARKET, INC. 9:15 ROUNDTABLE: BRINGING INSTITUTIONAL STRATEGIES TO INDIVIDUAL INVESTORS UTILIZING ETFS One can hardly argue against the success of leveraged ETFs and their currency cousins, especially among sophisticated investors who have embraced these unique products. Are leveraged ETFs designed as trading vehicles or long-term holdings and why? What are the advantages of providing enhanced/inverse exposure? How do currency ETFs fulfill their mandate? Moderator: Richard D. Romey, President, ETF PORTFOLIO SOLUTIONS Panelists: Dodd Kittsley, Senior Investment Strategist, BARCLAYS GLOBAL INVESTORS Edward Lopez, Director of ETF Strategies, RYDEX INVESTMENTS Robert D. Williams, CFA, Vice President - Research, SAGE ADVISORY SERVICES, LTD. CO. Stephen Price, Director, UBS INVESTMENT BANK 10:00 REFRESHMENTS 10:15 PRESENTATION: ARE COMMODITIES THE KEY TO PROTECTING YOUR CLIENTS ASSETS? As the commodity markets continue to rise, learn how to provide your clients with exposure to these asset classes. Which product structure provides optimal exposure? How do the underlying indexes of like products compare? Why do the dynamics of forward pricing have a material impact on commodity returns? What are the pros and cons of utilizing the stocks of commodity producers as proxies for the underlying commodity? Will the commodity bull market continue unabated? Presenter: Dan Raab, Managing Director, AIG FINANCIAL PRODUCTS CORPORATION 10:45 ROUNDTABLE: HOW INDEX CONSTRUCTION DYNAMICS IMPACT INDEX-BASED EXCHANGE TRADED FUND PRODUCTS Index providers will discuss the key aspects of index construction dynamics. Three distinct and critical areas involved are: index portfolio construction (selection criteria, weightings and sectoring), index rebalancing (timing, process, oversight), and mark to market (pricing) of constituents and the concerns regarding mark to market challenges. Each has an impact on how an index can be used in product creation and use. Moderator: Albert Neubert, Senior Vice President Business Development, INFORMATION MANAGEMENT NETWORK and Executive Director, INDEX BUSINESS ASSOCIATION Panelists: Richard A. Ferri, CFA, Founder and CEO, PORTFOLIO SOLUTIONS, LLC Sean E. O'Hara, CMFC, President, REVENUESHARES INVESTOR SERVICES, LLC J. R. Rieger, Vice President Fixed Income Indices, STANDARD AND POORS 11:30 ROUNDTABLE: THE SEISMIC SHIFT FROM BETA TO ALPHA Previously, the onus to generate Alpha was squarely on the shoulders of the advisor as he utilized the Beta products the industry provided. Now the industry is prepared to shoulder the burden as evidenced by the amount of actively managed ETFs in development. What is the distinction between actively managed indexes and actively managed funds? How are absolute return and 130/30 strategies provided for within the ETF structure? Will these products take the place of, or complement, core holdings? Moderator: David Krein, President, DTB CAPITAL Panelists: Christian Magoon, President, CLAYMORE SECURITIES Dan Waldron, Senior Vice President and Head Exchange Traded Funds, FIRST TRUST Robert Holderith, Vice President, PROFUND ADVISORS LLC Richard C. Kang, Independent Investment/Risk Consultant and Blogger, THEBETABRIEF.COM 12:15 NETWORKING LUNCHEON 1:30 ROUNDTABLE: DELIVERING ON THE PROMISE OF ALPHA VIA BETA EXPOSURE THROUGH SECTOR INVESTING Many advisors rely on the ability to over/under-weight sectors in order to deliver Alpha for their clients. During this session, we will elaborate on the various characteristics that define the broad array of sector funds. How does one differentiate between economic sectors and industry classifications? What are the merits and constraints of established classification providers versus niche providers? What are examples of the strategies advisors can employ? Moderator: Michael Krause, President, ALTAVISTA INDEPENDENT RESEARCH, INC. Panelists: David Krein, President, DTB CAPITAL Thomas S. Mench, Chairman and CIO, MENCH FINANCIAL, INC. Alex Gurvich, Managing Partner, THE ROCKLEDGE GROUP LLC Richard C. Kang, Independent Investment/Risk Consultant and Blogger, THEBETABRIEF.COM 2:25 ROUNDTABLE: PRESERVING CAPITAL WHILE PURSUING NON-CORRELATED RETURNS WITH FIXED INCOME ETFS For years, an all-ETF portfolio remained elusive. Developing a complete ETF portfolio is now possible with the wide array of fixed-income ETFs recently launched. Do the holders of fixed-income ETFs have an advantage over those who choose to hold the underlying instruments? How well are the fixed-income products launched in 2007 tracking their corresponding indexes? With so many choices (from Domestic Municipals to Foreign Treasuries), where are the assets flowing? Moderator: Robert G. Smith, AIF, CIMC, President & CIO, SAGE ADVISORY SERVICES, LTD CO. Panelists: Eric Jacobson, Director - Fixed Income Strategies, Index Business, MORNINGSTAR Kirk Kinder, CFP, President, PICKET FENCE FINANCIAL Roger Nusbaum, Chief Investment Officer, YOUR SOURCE FINANCIAL 3:10 INSULATING YOUR CLIENTS FROM VOLATILITY Advisors often rely upon correlations derived from historical data to reduce the volatility of their clients portfolios. Well, there is an old saying, The only things that go up in a down market are correlations. In this session, the foundation will be laid for migrating from relative risk thresholds to absolute risk thresholds in your asset allocation models. Presenter: Rudy Aguilera, Principal, HELIOS LLC 3:45 REFRESHMENTS 4:00 COMMUNICATING THE BENEFITS OF ETFS TO CLIENTS Advisors may be hesitant to utilize indexed products with clients. Will clients understand the value advisors provide as they shift their focus from securities to asset classes? Come learn the answers other advisors have found to these questions: What are the best ways to present ETFs to potential clients? How do you communicate the tax benefits of ETFs to clients in a way that is simple for them to understand? How do you overcome objections? Moderator: Cathy Pareto, CFP, AIF, President, CATHY PARETO AND ASSOCIATES, INC. Panelists: Carl F. von dem Bussche, CFP, AIF, President and Founder, FINANCIAL GUIDANCE GROUP, INC. Jerry Furst, Executive Director, INVESTORS EDUCATION NETWORK Josh Wingerd, Principal - Vanguard Financial Advisor Services, VANGUARD Jeffrey Feldman, Founder and Chairman, XSHARES GROUP LLC 4:55 NEW FINANCIAL TOOLS AND RESEARCH FOR ETF ANALYSIS The session will cover new methods of evaluating and researching exchange traded funds to help financial advisors improve investment decision making. Topics include: Uncovering the engine behind ETFs Classifying funds by their indexing strategy Fundamental/technical analysis Moderator: Ron DeLegge, Editor, ETFGUIDE.COM Panelists: Michael Krause, President, ALTAVISTA INDEPENDENT RESEARCH, INC. Richard A. Ferri, CFA, CEO, PORTFOLIO SOLUTIONS, LLC 5:30 COCKTAIL RECEPTION 6:15 SHUTTLE BUSES BOARD FOR "A NIGHT AT THE OPEN" The first 50 pre-conference registrants who qualify and who attend the Eighth Annual World Series of ETFs-East on Wednesday, March 26, can receive a complimentary ticket to the evenings tennis matches at the Sony Ericsson Open compliments of Information Management Network. LAST UPDATED: Thursday, March 20 2008
7:30 CONTINENTAL BREAKFAST 8:30 DAY TWO OPENING REMARKS Fred Schachinger, CFA, Business Development Officer, BARCLAYS GLOBAL INVESTORS 8:40 PRESENTATION: EQUITIZING REAL ESTATE IN DOMESTIC AND INTERNATIONAL MARKETS What are the components of the domestic REIT market? How can advisors capture the performance of real estate abroad? Will REITS suffer any collateral damage as a result of the downturn in the housing market? What differentiates the ETN structure? Presenter: Meredith Despins, Vice President, Investment Affairs & Investor Education, NATIONAL ASSOCIATION FOR REAL ESTATE INVESTMENT TRUSTS, INC. (NAREIT) 9:15 ROUNDTABLE: REASSESSING YOUR INTERNATIONAL EQUITY ALLOCATIONS The domestic equity market has long been segmented by market capitalization and style. If this methodology is widely accepted, why not apply it to your international equity allocations in pursuit of higher returns? What are the granularity options among the various index providers? Is there empirical data to validate the concept of dissecting international allocations along size and style dimensions? Are there any gaps in coverage? Moderator: Thomas S. Mench, Chairman and CIO, MENCH FINANCIAL, INC. Panelists: Jim King, CPA, CFP, Senior Advisor, BALASA DIVERNO & FOLTZ LLC Richard Ciuba, Senior Director - Americas Sales, DOW JONES INDEXES Richard D. Romey, President, ETF PORTFOLIO SOLUTIONS 10:00 ROUNDTABLE: EXCHANGE TRADED NOTES - THE NEXT STEP In this competitive market, advisors must develop a keen understanding of the latest product innovations. Join us as we educate you on the nuances of ETNs. What differentiates the ETN structure? Can ETNs facilitate access to markets that are out of reach for ETFs? Does the ETN structure foster a more competitive environment by lowering the barriers to entry for non-traditional participants? What insight can we glean from recent IRS statements regarding the tax treatment of ETNs? ETNs A Washington D.C. update Moderator: John A. Kvale, CFA, CFP, Founder, J.K. Financial, INC. Panelists: Fred Schachinger, CFA, Business Development Officer, BARCLAYS GLOBAL INVESTORS Jeff Howard, CFP, President and Founder, BLACK SWAN FINANCIAL, INC Rudy Aguilera, Principal, HELIOS LLC 10:45 REFRESHMENTS 11:00 ROUNDTABLE: EVALUATING ETFS FOR INCLUSION IN CLIENTS' PORTFOLIOS During this session, you will have the opportunity to hear how other advisors screen potential ETFs. What factors should you consider when evaluating asset classes? What screens should then be applied to the ETFs that provide exposure to those asset classes? What resources are readily available to facilitate this process? Moderator: Robert D. Williams, CFA, Vice President Research, SAGE ADVISORY SERVICES, LTD. CO. Panelists: Jim King, CPA, CFP, Senior Advisor, BALASA DIVERNO & FOLTZ LLC Cathy Pareto, CFP, AIF, President, CATHY PARETO AND ASSOCIATES, INC. Joseph G. Witthohn, CFA, Director of ETF Research, JANNEY MONTGOMERY SCOTT, LLC 11:45 ROUNDTABLE: SEAMLESSLY INTEGRATING ETFS INTO YOUR FIRM Those new to ETFs may suffer from information paralysis. This session will provide you with a roadmap as you integrate these pioneering securities into your firms operations. Developing a compensation model that is congruent with the services you provide Establishing scale to leverage your existing resources Adding value by aggregating legacy positions Moderator: Kirk Kinder, CFP, President, PICKET FENCE FINANCIAL Panelists: Carl F. von dem Bussche, CFP, AIF, President and Founder, FINANCIAL GUIDANCE GROUP, INC. John A. Kvale, CFA, CFP, Founder, J.K. Financial, INC. Roger Nusbaum, Chief Investment Officer, YOUR SOURCE FINANCIAL 12:30 CONFERENCE CLOSING | |||||||||||||||||||||||||||
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