Topic 1: The LIBOR Interest Rate Benchmark is Going Away. What Will Replace It and How Will This Impact My Clients and Me?
Graham Broyd, Principal, Treliant; Former Member, Federal Reserve Board’s Alternative Reference Rate Committee
Some $300 trillion of debt and derivatives outstanding is reset against the interest rate benchmark LIBOR. Over $200 trillion of that is in U.S. dollars. Interest rates are reset against LIBOR for Derivatives, Futures, Mortgage Securities, Mortgage Loans, Syndicated Loans, Agency Securities, Student Loans, Credit Cards, Securitizations and a myriad of other products and instruments. LIBOR is no longer representative of the market it’s meant to represent. There are almost no qualifying transactions, and as such, it is being withdrawn from the market. We consider this the largest “under-known” risk to the financial markets.
What will replace LIBOR? When will that occur? What do I have to do? Am I or is my client at risk of sudden change in terms or rates of my contracts? We will discuss these and many other high risk and concern financial outcomes of this consequential development.
Topic 2: Institutional Issues: Active and Passive Strategies
Kenneth L. Swan, Chief Executive Officer, LMCG Investments LLC
The debate is not about active vs. passive – it is about how to utilize both investment strategies to address long term risk/return objectives for the overall plan’s or individual’s assets. This discussion will address those topics from a historical perspective – and will explore how investment managers are providing solutions to take advantage of both.
Topic 3: Not Your Average Alternatives: How You Can Help Clients Navigate Collectibles as Investments
Carson Hall, Owner, Carson Hall Fine Art
Greg Rohan, President, Heritage Auctions
Pat Swanson, Director of Research, Oxbow Advisors, LLC (moderator)
Nearly 80 percent of IA executives taking part in the IAA/Cerulli Associates’ 2018 Executive Outlook survey reported that they pan to plan to grow their workforces over the next 12 months – and they ranked the hiring, training and retention of talent as a key strategic priority and measure of profitability. We’ll focus on meeting those challenges in this breakout session. Executives from firms of different sizes with successful recruiting, development, and diversity and inclusion programs will share their strategies and tactics. They’ll also focus on working with millennials and creating a profitable corporate culture.
Topic 4: Recruitment and Development Programs that Work
Sonya Mughal, CFA, Chief Operating Officer and Chief Risk Officer, Bailard, Inc.
Julie Vander Weele, Partner, Managing Director of Wealth Management, RMB Capital Management
Jeannine G. Vanian, Chief Operating Officer, Kayne Anderson Rudnick Investment Management
Firms of different sizes with successful recruiting, development and diversity and inclusion programs share strategies and tactics.