David Lawrence, President of The Efficient Practice LLC, and Bob Curtis, the developer of MoneyGude Pro, spoke today to more than 130 advisors who attended our continuing webinar series on the global financial crisis.

David Lawrence, a consultant who helps advisory firms operate more efficiently, spoke about when, why, and how to communicate to clients amid today’s economic uncertainty. He spoke about the importance of being proactive rather than reactive, and how to use a technology for innovative ways to reach out to clients. Bob Curtis, CEO of PIE Technologies, spoke about retirement planning in turbulent times. He said advisors must show clients why revising their plans may not be as painful as they think. While retirees and pre-retirees may need to make sacrifices--working longer, saving more, or cutting expenses--their plans may already have reflected making such compromises because planning programs nowadays allow for this. 
View a replay of the session
Download presentation slides

Michael McGonigle, the head of Investment Grade Credit Research at T. Rowe Price Group, will be the featured speaker at the next webinar on Friday, December 5, at 4 p.m. EST. Mr. McGonigle, who manages investment grade and high-yield bond portfolios, will discuss the overall environment and TRP’s outlook for fixed-income investments.

 

David Loeper warned advisors not to rely too heavily on Monte Carlo and to tell clients always to expect that their financial plans will need to be updated. Meanwhile, Tom Connelly said there’s only a 10% chance that the global financial crisis will cause a systemic collapse that leads to a depression but warned that the economy is most likely headed for a long period much like before the crisis erupted, only not as robust. Loeper and Connelly, thought-leaders among independent advisors, offered these thoughts this past Friday during a 90-minute webinar attended by about 125 advisors. If you missed the session, which was part of the Financial Crisis Webinar Series sponsored by Advisor Products Inc., it is available now for replay

Download David Loeper Slides

Download Tom Connelly's Slides

Please join us Friday, November 21, at 4 p.m. EST for another session in the Financial Crisis Webinar Series. David Lawrence, a consultant who helps advisory firms operate more efficiently, will speak about organizing a cost-effective system for communicating regularly with your clients during the crisis. Bob Curtis, the inventor of MoneyGuide Pro, a financial planning application with about 12,000 users, will speak about tradeoffs clients may need to consider in revising their financial plans because of the crisis, including working longer, saving more, or cutting expenses, and how advisors can handle these delicate discussions with clients. Register now for that session. 

Join Us Friday, November 14 at 4:00 p.m. EST For Our Continuing Webinar Series About The Global Financial Crisis 

Presenters this Friday will be Thomas Connelly, CFA, CFP®, a leading financial advisor who last spring warned of a meltdown, along with David Loeper, CIMA®, CIMC®, the chairman and CEO of Financeware, a goal-based financial advice system.

Mr. Connelly will speak about why, as early as a year ago, he grew increasingly fearful that the credit crisis would trigger severe dislocation in the financial markets, and he will explain his current investment stance and outlook.

Mr. Loeper will discuss how to speak with clients about the changing nature of their financial plans, why the result of Monte Carlo simulations can be misleading, and how to lead clients through financial compromises they must sometimes make. This free webinar is sponsored by Advisor Products Inc. as a service to the independent advisor community. Please feel free to send this blog post to other independent advisors who would benefit from attending.

Our previous webinars about managing client relationships during the global financial crisis received gratifying praise from attendees.

On Friday, November 21, David Lawrence, a practice efficiency consultant, will speak about how you can communicate with clients efficiently.

Bill Bengen and Greg Brousseau spoke today to more than 130 advisors who attended our continuing webinar series on the global financial crisis. 

Download Bill Bengen’s slides. 

Join us Friday, Nov. 14, at 4 p.m. EST.
Please join us for our next free webinar featuring the wealth management profession’s thought leaders. Presenters will be Tom Connelly, a leading financial advisor who last spring warned of a meltdown, and David Loeper, the chairman and CEO of FinanceWare, a goal-based financial advice system. Tom will talk about emerging from the crisis and Dave will speak about changing clients’ financial plans to respond to the crisis.

More About Today’s Webinar
Bill Bengen, best known for his research on "safe" retirement withdrawal rates, spoke about the market's crash, the economic crisis that precipitated it, and whether the crisis should lead advisors to question conventional wisdom about managing other people’s money. Bengen, in a story I wrote in the May 2008 issue of Financial Advisor, entitled "America's Financial Crisis," said that by last spring he had raised more cash in portfolios than at any other time in his 25-year career because of his discomfort with economic conditions and financial markets.

Greg Brousseau of Central Park Group LLC spoke about opportunities arising from the financial crisis. He talked about how investors in distressed securities have historically profited from periods of dislocation and forced selling. He focused his remarks on the mortgage and financial sector securities. Brousseau is co-CEO of CPG, which distributes alternative investments to independent advisors, and was formerly co-head of UBS’s Alternative Investment Group and a senior member of the firm’s Operating Committee.

The Financial Crisis Webinar Series is sponsored by Advisor Products Inc. as a free service to the advisor community.  

 

Frank Maselli and Michael Kitces spoke yesterday to more than 160 advisors who attended our continuing webinar series on Crisis Communications. 

If you missed yesterday's session, you can see a replay.  

Download Frank Maselli's Slides.pdf (2.66 mb)

Download Michael Kitces Slides.pdf (514.66 kb)

Join us this coming Friday, Nov. 7, at 4 p.m. EST, for another webinar. 

Bill Bengen, best known to advisors for his research on "safe" retirement withdrawal rates, will speak about the market's crash and the economic crisis that precipitated it. Bengen, in a story I wrote in the May 2008 issue of Financial Advisor, entitled "America's Financial Crisis," said he had by last spring raised more cash in portfolios than at any other time in his 25-year career because of his discomfort with economic conditions and financial markets. 

Also speaking Friday will be Greg Brousseau of Cental Park Group LLC. CPG distributes alternative investments to independent advisors. The firm's management pulled up roots in the large Wall Street brokerages to provide alternatives to the growing independent advisor market. The private partnerships CPG offers cannot be discussed for regulatory reasons, but the ideas driving them are good to know about. Brousseau will talk about opportunistiic investments in distressed securities, such as mortgage debt trading at deep discounts.