2023 Investment Adviser Compliance Conference

Early Registration

Beat the morning rush. Check in tonight.

Welcome Reception

Conference Registration/Exhibit Hall

Continental Breakfast with Exhibitors

Find your old friends, make new ones, and get to know the exhibitors.

Welcome Remarks

• Karen L. Barr, President & CEO, Investment Adviser Association
• Larry Nakamura, Vice President & CCO, CI Private Wealth, LLC; Chair, Conference Planning Committee

GENERAL SESSION: Fireside Chat with SEC Commissioner Mark T. Uyeda

• Karen L. Barr, President & CEO, Investment Adviser Association
• The Honorable Mark T. Uyeda, Commissioner, Securities and Exchange Commission

GENERAL SESSION: DEI on the Rise — Recipes for Successful Initiatives

A Fireside Chat with Pamela Gibbs, featuring learnings from her 10-year (and counting) DEI journey.

• Robert E. Burks, Jr., Chief Compliance Officer, Brown Capital Management, LLC
• Pamela Gibbs, Director, Office of Minority and Women Inclusion, Securities and Exchange Commission

Sponsored by

Networking Break

GENERAL SESSION: Marketing Rule Lessons Learned

It’s been four months since you’ve implemented the new Marketing Rule. Hear from this expert panel about lessons learned so far and innovative ways advisers are taking advantage of the new rules for communicating with clients, prospective clients, and other investors. Discuss how firms are handling interpretive issues they continue to face.

• Thoreau Bartmann, Co-Chief Counsel, SEC Division of Investment Management
• Mark Perlow, Partner, Dechert LLP
• Danielle Nicholson Smith, Vice President and Managing Legal Counsel – U.S. Communications and Digital Services, T. Rowe Price Associates, Inc.
• Sanjay Lamba, Associate General Counsel, Investment Adviser Association (Moderator)

Concurrent Compliance Breakout Sessions

Choose one of four sessions to attend. Video recordings of these breakout sessions will be provided.  

• Identifying and Managing Conflicts of Interest
  This panel will address practices that advisers employ in identifying, managing, mitigating, and disclosing conflicts of interest and risks, as well as related compliance policies and procedures.
  • Lee Faria, Vice President and Chief Compliance Officer, Columbia Management Investment Advisers, LLC
  • Steve Farmer, Chief Compliance Officer, Confluence Investment Management, LLC
  • Marshall Sprung, Managing Director and Global Head of Compliance, Blackstone Inc.
  • David Bartels, Partner, Dechert LLP (Moderator)

• Recordkeeping Obligations Around the Use of Personal Devices and Messaging Apps
  The panel will discuss the use and supervision of personal devices and messaging apps for business purposes and related compliance and recordkeeping practices, including lessons learned from SEC enforcement actions.
  • Jyothi San Juan, Senior Manager, Compliance, Segall Bryant & Hamill Asset Management
  • Kevin Spence, Director, Compliance Officer, TIAA
  • E.J. Yerzak, Director of Cyber IT Services, Compliance Solutions Strategies, a Confluence Company
  • Adam Aderton, Partner, Willkie Farr & Gallagher (Moderator)

• DOL Fiduciary Rule Under ERISA and Rollovers
  This panel will address how investment advice fiduciaries are dealing with challenges in complying with the DOL Fiduciary Exemption, PTE 2020-02, including best practices and documentation to consider in meeting requirements.
  • Tim Hauser, Deputy Assistant Secretary for Program Operations, Employee Benefits Security Administration, Department of Labor
  • Kimberly H. Novotny, Senior Associate General Counsel, Franklin Templeton
  • Aliya Robinson, Managing Legal Counsel, Legislative and Regulatory Affairs, T. Rowe Price Associates, Inc.
  • Jennifer E. Eller, Principal, Groom Law Group, Chartered (Moderator)

• Trading Issues for Advisers
  Learn how advisers handle best execution, soft dollars and the provision of research, MiFID II, trade aggregation and allocation, and principal and cross trading. The panel will also discuss market structure issues for the buy side including the 2024 move to T+1 for trade settlements and new recordkeeping rules.
  • James (Jim) Creel, Associate General Counsel, Vanguard Group, Inc.
  • Joseph (Joe) Mannon, Shareholder, Vedder Price P.C.
  • Adam Reback, Partner, Optima Partners
  • Monique Botkin, Associate General Counsel, Investment Adviser Association (Moderator)

Sponsored by

Lunch: SEC Division of Investment Management: A Conversation with Director William Birdthistle

• Gail C. Bernstein, General Counsel, Investment Adviser Association
• William A. Birdthistle, Director, SEC Division of Investment Management

Sponsored by

Concurrent Compliance Breakout Sessions

Choose one of four sessions to attend. Video recordings of these breakout sessions will be provided.

• Considerations for Retail Clients, Including Senior Investors
  Obtain guidance on policies, procedures, and training, including contracts, disclosure, implementing investment strategies, and business development. Tackle contractual and operational steps to prepare for any concerns with senior or diminished capacity clients.
  • Scot Draeger, President & General Counsel, R.M. Davis, Inc.
  • Edward S. Garlock, Managing Director and General Counsel, Payden & Rygel
  • Shannon Geyer, Director of Compliance & Finance, Compton Wealth Advisory Group, LLC
  • Michelle L. Jacko, Managing Partner and CEO, Jacko Law Group PC (Moderator)

• Considerations for Institutional Clients
  Panelists will discuss regulatory topics of interest for advisers with institutional clients, including special issues raised by international, governmental, and ERISA clients and offering new asset classes. The panel will address the request for proposal (RFP) process, client investment policies, and other challenges in this space.
  • Lori Bosi, Senior Director of Investment Compliance, MFS Investment Management
  • Michael Shoemaker, Chief Compliance Officer, Kayne Anderson Rudnick
  • Zephram (Zeph) Yowell, Senior Vice President, Senior Counsel, Legal & Compliance, PIMCO
  • Clifford Kirsch, Partner, Eversheds Sutherland LLP (Moderator)

• Managing Private Equity Funds and the SEC’s Private Fund Adviser Rulemaking
  This panel will cover developments and trends in private equity funds, including monitoring fees and expenses, valuation, side letter provisions, limitation of liability and indemnification provisions, compliance policies and procedures, conflicts of interest, and more. Hear about priorities of the Private Funds Unit in the SEC Division of Examinations.
  • Jennifer A. Duggins, Assistant Director, Co-Head of the Private Funds Unit, SEC Division of Examinations
  • Ken C. Joseph, Managing Director, Kroll LLC
  • Gwen Reinke, Managing Director and Chief Compliance Officer, Vista Equity Partners
  • Alpa Patel, Partner, Kirkland & Ellis LLP (Moderator)

• Managing Registered Investment Companies: Adviser and Sub-Adviser Considerations
  Discuss SEC regulations and guidance affecting advisers and sub-advisers of registered funds, including the 15(c) process, the fair valuation and derivatives rules, and the SEC’s rule proposal on swing pricing and liquidity.
  • David Breck, Senior Director, Compliance, ProShares
  • Mykaila DeLesDernier, Senior Counsel, SEC Division of Investment Management
  • J. Christopher Jackson, Senior Vice President & General Counsel, Calamos Investments
  • George B. Raine, Partner, Ropes & Gray LLP (Moderator)

Networking Break

GENERAL SESSION: Cybersecurity and Data Privacy

Keep apprised of the latest cybersecurity and data privacy updates. Learn how to proactively improve cyber hygiene and risk governance through information security and operational resiliency to protect your firm. Hear the latest on the SEC’s proposed cybersecurity risk management rules and approaches to complying with the myriad data privacy laws.

• Maria Chambers, Chief Compliance Officer, Klingenstein Fields Advisors
• David Joire, Senior Special Counsel, SEC Division of Investment Management
• Marc Mehrespand, Branch Chief, SEC Division of Investment Management
• Jacob Prudhomme, Financial Services, Advisory, KPMG US
• Charu Chandrasekhar, Counsel, Debevoise & Plimpton LLP (Moderator)

GENERAL SESSION: ESG Investing

Investor demand for investment products and financial services that incorporate environmental, social, and governance (ESG) investing factors continues to grow. Hear the latest on best practices for ESG investing and related compliance programs. Consider how the latest moves by the SEC and other regulators will impact your firm.

• Lance Dial, Partner, Morgan, Lewis & Bockius LLP
• Adia Finn, Senior Manager Compliance and Risk, GW&K Investment Management
• Dabney O’Riordan, Partner, Quinn Emanuel Urquhart & Sullivan LLP
• William Nelson, Associate General Counsel, Investment Adviser Association (Moderator)

Recap and What to Expect on Day 2

Cocktail Reception

Sponsored by

Conference Registration/Exhibit Hall

Compliance for Breakfast

Share information with your peers about best practices from your compliance program and the role of compliance in your firm. Choose a table with a topic that interests you:

IAA Marketing Implementation Group Meeting

Group members only.

GENERAL SESSION: Ethics for Advisers: Compliance with Fiduciary Standards – Part 1

An adviser’s code of ethics reflects its fiduciary obligation to its clients. Discuss codes of ethics requirements and best practices for monitoring, testing, administering, and enforcing these policies. This session is approved for one hour of IACCP® continuing education ethics credit.

• Anil Abraham, Associate General Counsel, Managing Director – Legal, Focus Financial Partners, LLC
• Ivy Wafford Duke, General Counsel, ImpactAssets
• Kurt Wachholz, Managing Director, Bates Compliance
• Patrick D. Hayes, Partner, Calfee (Moderator)

Service Provider Solutions: Best Practices in Research Management – Discussion and Demo

Investing wisely means investing your time wisely. A truly multi-asset class Research Management (RMS) enables each investment team to configure their work according to their specific processes, data requirements, and language regardless of the alternative assets held. With ODD materials on one platform and centralized investment data at the ready – transparency increases, relationships grow, and insights flourish.

• Chad Erwin, SVP, Global Head of Asset Owners/Allocators, Backstop Solutions Group

Sponsored by

GENERAL SESSION: Hot Topics from Inside the Beltway

Gain insights into the latest regulatory and legislative landscape affecting investment advisers and the IAA’s current policy priorities.

• Langston Emerson, Partner, Mindset
• Bret Hester, EVP & General Counsel, TIAA
• Neil A. Simon, Vice President, Government Relations, Investment Adviser Association
• Karen L. Barr, President & CEO, Investment Adviser Association (Moderator)

Networking Break

GENERAL SESSION: SEC Examination Trends

Panelists will share insights about recent SEC examinations: trends, common deficiencies, recent focus areas, and what to expect when you’re examined.

• Pete Driscoll, Partner, PwC
• Mukya Porter, Principal, Chief Compliance Officer, CIM Group
• Carlo di Florio, Partner and Global Advisory Leader, ACA Group (Moderator)

Networking Break

• Compliance Testing and Use of Technology
  As the use of technology in the investment process and compliance continues to surge, compliance officers need tools to oversee, monitor, and test compliance in an ever-growing number of areas. The panel will discuss how firms use technology for compliance testing and monitoring and how to keep your compliance testing innovative, adaptable, and relevant. 
  • Drew Bowden, Chief Operating Officer, Western Asset Management
  • Leigh Emery, Product Director, Regulatory Advisory Solutions, ACA Group
  • Wei Zhao, Chief Compliance Officer, Fiera Capital, Inc.
  • Alan Goldberg, Partner, Stradley Ronon Stevens & Young, LLP (Moderator)

• Marketing Rule: Performance
  The panel will discuss performance marketing materials, including 1-, 5-, and 10-year results, gross and net returns, understanding the methodologies around related, extracted, and hypothetical performance, portability of predecessor performance, the interplay between the GIPS standards and the new Marketing Rule, and recordkeeping rules. 
  • Steven Gilbert, Vice President, Advisory Compliance Division, Raymond James
  • Victor Siclari, Senior Vice President & Senior Fiduciary Compliance Manager, Wilmington Trust, NA
  • Michael S. Caccese, Chairman, Chairman, Practice Area Leader – Asset Management and Investment Funds, K&L Gates LLP (Moderator)

• Prevention of Misuse of MNPI and Insider Trading: Alternative Data and Expert Networks
  This panel will discuss how to design reasonable policies and procedures for the protection and use of nonpublic information, including dealing with onboarding and diligence processes for alternative data services and relationships with expert network consultants.
  • James (Jim) Lundy, Partner, Foley & Lardner LLP
  • Paul M. Miller, Partner, Seward & Kissel LLP
  • Steven Yadegari, Founder and CEO, FiSolve, LLC
  • Pamela Krill, Partner, Godfrey & Kahn, S.C. (Moderator)

• Considerations for Investing in Digital Assets for Clients
  This panel will discuss the legal and compliance issues around investing in digital assets, including portfolio management, trading venues and settlement, custody, risk management, disclosure, valuation, RAUM calculations, and recordkeeping.
  • Tanya Kerrigan, General Counsel, Eaglebrook Advisors
  • Matthew Kolesky, President and CCO, Arbor Capital
  • Michael Didiuk, Partner, Perkins Coie LLP (Moderator)

Lunch: A Conversation with SEC Divisions of Examinations and Enforcement

• Gail C. Bernstein, General Counsel, Investment Adviser Association
• Natasha Vij Greiner, Deputy Director and National Associate Director of the Investment Adviser/Investment Company Examination Program, SEC Division of Examinations
• Corey Schuster, Co-Chief, Asset Management Unit, SEC Division of Enforcement

Sponsored by

Concurrent Compliance Breakout Sessions

Choose one of three sessions to attend. Video recordings of these breakout sessions will be provided. 

Internal and External Supervision: Oversight of Third-Party Service Providers and Employees

Join these breakout panels to hear the latest on best practices for initial and ongoing due diligence and monitoring of outsourcing to third-party service providers and oversight of supervised persons of the adviser. Learn also about the SEC’s proposed requirements for outsourcing “covered functions” to service providers.

• Breakout 1: Small Firms
  • Kelley A. Howes, Partner, Morrison & Foerster
  • Katie McGinley, Chief Compliance Officer, Mitchell, McLeod, Pugh & Williams, Inc.
  • Erik Olsen, Chief Compliance Officer, Vident Investment Advisory, LLC
  • Laura Grossman, Associate General Counsel, Investment Adviser Association (Moderator)

• Breakout 2: Medium Firms
  • Joe LaFemina, Senior Manager, Solutions Management – Managed Services, SS&C Advent
  • Larry Nakamura, Vice President and CCO, CI Private Wealth, LLC
  • Khaley Sestak, Chief Compliance Officer, Betterment LLC
  • Mari-Anne Pisarri, Partner, Pickard Djinis & Pisarri LLP (Moderator)

• Breakout 3: Large Firms
  • Jeff Blumberg, Partner, Faegre Drinker Biddle & Reath LLP
  • Josh Levit, Chief Compliance Officer, Invesco Ltd.
  • Erika Subieta, Director, Legal Counsel, Charles Schwab & Co., Inc.
  • Dianne Descoteaux, Associate General Counsel, Investment Adviser Association (Moderator)

Ethics for Advisers: Compliance with Fiduciary Standards – Part 2

An adviser’s code of ethics reflects its fiduciary obligation to its clients. This panel will discuss the protection of material nonpublic information (MNPI) and prevention of insider trading, whistleblower policy issues and scenarios, and best practices for monitoring, testing, administering, and enforcing these policies. This session is approved for one hour of IACCP® continuing education ethics credit.

• Dimple Anderson, Vice President, Chief Compliance Officer, Vise
• Laurin (Laurie) Blumenthal Kleiman, Partner, Sidley Austin LLP
• Sarah Ronnenberg, Compliance Director, Horizon Investments, LLC
• Karen Aspinall, Partner, Practus, LLP (Moderator)

Closing Remarks and Conference Adjournment

• Karen L. Barr, President & CEO, Investment Adviser Association
• Larry Nakamura, Vice President & CCO, CI Private Wealth, LLC; Chair, Conference Planning Committee