Quarterly Education Meeting
Don’t Miss This Event!
Join us for our next upcoming Quarterly Education meeting! This quarter’s meeting will take place at the UCI Student Center on May 16, 2018.
Cost: FPA Members $30, Non-Members $160, First-Time Visitors are Free
Lunch and Parking are included.
We anticipate offering 4.0 hours of CE for CFP® Professionals and 4.0 hours of CPA CPE.
RSVP: By Noon on Friday, May 11, 2018
Also, join us for a Cocktails and Conversation happy hour immediately following the meeting at Eureka right across the street! See details below.
*Click here to view our late fee policy.
Speakers and Agenda
Randy Gardner, J.D., LL.M., CFP®, CPA
Founder of Goals Gap Planning LLC
Session Title: Tax Reform – Eight Strategies to Share with Your Individual Clients in 2018
Summary: The Tax Cuts and Jobs Act made hundreds of changes to the tax law. This presentation examines eight planning scenarios you can use to identify which of your individual clients you should talk with first. Topics include the alternative minimum tax, qualified business income deduction, and estate and gift tax changes.
- Explain the Act’s changes to tax rates, personal and business deductions, and credits
- Analyze the impact the Act will have on typical clients (itemizers and non-itemizers, clients with families, and entrepreneurs)
- Identify 2018 planning opportunities for you to present to your clients
Level of Complexity: Overview
1.0 CFP CE
1.0 CPA CPE
Bio: Randy Gardner, J.D., LL.M., CFP®, CPA, is the founder of Goals Gap Planning LLC, and a former award-winning professor and CFP® Program Director at the University of Missouri. A frequent columnist for the Journal of Financial Planning, Gardner is co-author of the books, 101 Tax Saving Ideas (with Julie Welch, CPA) and The Closing Wealth Transfer Window (with Leslie Daff, JD). Gardner regularly shares his tax and financial planning ideas on the webinar series of the California Society of CPAs and the Garrett Planning Network.
David J. Blair, CFA
Senior Vice President, Portfolio Manager, Nuveen
Session Title: Municipal Market Update – May 2018
Summary: The Municipal Market update presentation seeks to provide advisors and investors with an understanding of the key concepts, trends and elements of the municipal market critical to their knowledge of, and ability to evaluate, municipal investments. This is considered an Overview level of complexity, and is intended to be an introduction to key themes, indicators, relevant statistics/data and trends important to a financial advisor and an investor’s understanding of the municipal market. The presentation is updated monthly.
- The current state of the municipal market and near-term outlook
- Key factors in municipal market health including revenue growth, default rates, bankruptcies and headline factors (ie Puerto Rico)
- Issuance and demand
- Credit ratings/evaluating credit ratings
- Credit spreads
- Tutorial on municipal performance in rising rate environments
- Correlation factors
- Potential regulatory changes impacting municipals
- Go-forward outlook potential for the asset class/market
Level of Complexity: Overview
1.0 CFP CE (Pending)
1.0 CPA CPE
Bio: David J. Blair has over 24 years of experience in the financial industry. From 1996-2006, he worked with Nuveen Asset Management, focusing mostly on leading the firm’s credit research in California. He specialized in tax-backed, land-secured, utilities, multi-family housing and toll road bonds. From 2006-2017, David worked at PIMCO, serving as a municipal portfolio manager and credit analyst and then an account manager for the firm’s public pension clients.
David earned a B.A. in Economics from the University of California, Santa Barbara, and an M.B.A. from the University of Chicago. He holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Orange County.
CEO & Founder, Fox College Funding, LLC
Session Title: Late Stage College Planning: Helping Parents with College-Bound Children Reduce Their College Expenses
Summary: Most financial advisors are aware of college savings strategies to recommend to their clients, but most have not had much exposure to the planning stage when parents have a child in high school and the need shifts to how to mitigate the upcoming college bills. This session will cover various academic, admissions, financial aid, cash flow and tax reduction strategies advisors can recommend to their clients to potentially reduce their out-of-pocket college costs by tens of thousands of dollars. While the presentation will include information that is relevent to families at all income levels, there will be an emphasis on strategies appropriate for clients who do not qualify for much or any need-based financial aid. A current cast study will also be presented to demonstrate the application of certain late-stage strategies.
- An understanding of “Late Stage” college planning strategies for parents with higher incomes and/or high asset levels
- How to layer strategies from the five planning categories to potentially reduce a client’s college expenses by tens of thousands of dollars
- Apply learning with a case study
Level of Complexity: Intermediate
1.0 CFP CE
1.0 CPA CPE
Bio: Deborah Fox has been a financial planner in San Diego, CA for over 25 years and is known as one of the leading college funding experts in the country. She founded Fox College Funding LLC® to help guide families through the complexities of college funding strategies and applying for college financial aid. Her proprietary planning process works especially well for middle and high-income families who will not likely qualify for need‐based financial aid but are interested in positioning their student in the best light and reducing their college funding expenses.
Her company provides comprehensive college funding planning services nationwide. Deborah also provides advanced college planning continuing education to financial advisors and tax professionals through Fox College Funding Academy.
Deborah is a soughtout speaker for both public and professional groups. As an example, she has been a speaker for the Financial Planning Association (FPA), FPA Chapters, American Institute of CPAs (AICPA), National Association of Personal Financial Advisors (NAPFA), broker/dealers and Western Association of College Admissions Counselors.
Deborah has also devoted significant time volunteering to speak at many high schools throughout California and in other areas of the country as community outreach.
Outside of work, Deborah enjoys fine dining, exercising, traveling, hiking, body surfing, reading, working on self-improvement, mentoring others, being mentored and trying to find “all the good in life.”
Follow Deborah on Twitter @deborahsfox.
Kelly R. Smith, Sr., CLU, ChFC, RFC
Founder of CapitalSmith Group
Session Title: Understanding Tax Strategies in Business Planning
Summary: A unique redesign of an ERISA program to use paper tax deductions to create TERC™ (Tax Exempt Retained Capital) to accelerate business growth, stabilize company, created funds for AUM, insurance, and retirement.
- How to free up tax-exempt retained capital for business growth
- Install a fully-insured financial infrastructure
- Provide guaranteed succession exit
Level of Complexity: Advanced
1.0 CFP CE
1.0 CPA CPE
Bio: Kelly has worked in the Insurance and Financial Services Industries for over 40-years. He obtained undergraduate degrees in Finance and Marketing, with a secondary emphasis in Accounting and Economics.
Kelly consistently qualified as a Life Member of the Million Dollar Round Table for all 42-years, including his rookie year… with a 17-year membership of the Court of the Table and an 11-year member of the Top of the Table. As the youngest member of the MDRT Quarter Century Club, Kelly stays very active in MDRT through the MDRT Mentoring program as well as the MDRT Knights Foundation.
Early on in his career, various groups such as the Los Angeles Association of the Deputy District Attorneys and the NFL Players Association endorsed Kelly to consult in the areas of insurance, finance and retirement. After five years in this role, Kelly left both behind to pursue and obtain valuable experience in the fields of Mergers and Acquisitions, turnarounds and Investment Banking… where he developed his proprietary line of attack for “Offset Strategies TM”.
Kelly’s role as an advocate-warrior for the business owner is to defeat their two worst enemies… confiscatory taxes and oppressive regulations. In this effort, Kelly founded the CapitalSmith Group with four partners. Backed with over 100-years of collective experience in the financial services industry, each partner brings a unique background and expertise to the team.
Matthew P. Jarvis, CFP®, ChFC
President, Jarvis Financial
Session Title: Building a “Hyper Efficient, Highly Profitable, Lifestyle Practice”
Summary: Matthew’s Advisor Success Podcast with Michael Kitces (www.Kitces.com/7) was one of the 20 most popular Nerd’s Eye Blog posts of 2017. In this presentation Matthew, who is only 36, will go into detail on how he built what Kitces described as a “Highly-Profitable, Hyper-Efficient, Lifestyle Practice”, including his process for delivering a one-page financial plan, providing incredible client service while taking 120+ days of vacation annually, and how he accumulated more than $130M of AUM despite having a terrible fear of rejection. Not one for theory, Matthew will share the exact how, what & why of his systems so that FPAOC chapter members can begin implementing these same systems for success in their own practices.
- How to create and present a one-page financial plan
- Running a practice that allows 120+ days of vacation
- Prospecting without the rejection
No CE will be offered for this session.
Bio: Matthew honed his ability to deliver an entertaining and educational presentation by having given hundreds of presentations over the last 15 years. His technical expertise has been featured across the country in publications ranging from the Wall Street Journal to Kiplinger’s and various industry publications. He was also featured on Michael Kitces’ Advisor Success Podcast (www.Kitces.com/7) which generated hundreds of requests for more information from advisors around the world. Despite his relatively young age, Matthew has already established a highly profitable, fee-based advisory practice that produces $1M of annual revenue, in a non-affluent suburb, with just two employees. In his presentations Matthew shares the exact systems and tools he uses to make his dream practice a reality and how any hard-working advisor can do the same. When not working, Matthew spends an incredible amount of time with his three kids. He is also an avid rock climber, wake boarder and world traveler. Over the last decade he has donated hundreds of hours of time and more than $100,000 to local non-profit organizations.
Happy Hour: Cocktails and Conversations
To wrap up the day, join us for Cocktails and Conversation immediately following the meeting at Eureka! Don’t miss this great opportunity to network with your fellow meeting attendees as we enjoy the restaurant’s stellar no-host happy hour conveniently located right across Campus Drive from the UCI Student Center parking garage. Invite your colleagues to join us!
Stay for the Raffle
Be sure to stay for another great raffle! Remember your business cards!
*LATE REGISTRATION POLICY
If you miss our online registration deadline (i.e. Noon on the Friday before the event), we encourage you to take advantage of walk-up registration at the event starting at 8:30 AM. Walk-up registration costs are $15 for Annual Passholders, $45 for FPA members and $180 for non-members. First-time visitors are no charge. Processing registrants after the Friday deadline requires additional work. Thank you for your understanding and assistance!
FPAOC follows the CE guidelines specified by the Certified Financial Planner Board of Standards, Inc., and the California Board of Accountancy. Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.