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FPA DFW ZOOM Chapter Meeting
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FPA DFW ZOOM Chapter Meeting

4/28/2020
When: April 28
See agenda below
Where: ZOOM
United States
Contact: FPA DFW


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Join us April 30th for our next FPA chapter meeting on ZOOM!

 

 

 

We miss you!  As our way of showing appreciation by providing quality education and CE, we have made this event complimentary to FPA members.  Join us online from the comfort of your home for our next chapter meeting on ZOOM.

 

ZOOM dial in instructions will be sent prior to the event to everyone who registers online.

 

 


CE CREDITS

 

 

*CFP CE Credit:  1.0 

*CPA CE Credit:  1.0

 

*CE credits are available for the second topic only - see below.  Instructions on how to obtain CE credits will be provided through Zoom during the session.  

 



AGENDA

 


11:00 AM - 12:00 PM:  Is it the Tech or is it the Process?

 

12:00 PM - 12:30 PM:  Break, grab lunch!  The ZOOM room will be left open and un-muted so that you may visit with your friends and colleagues!

 

12:30 PM - 1:30 PM:  Credit Positioning for Risk and Opportunity  (CE: 1.0)

 

 

 

MEETING FEES

 


FREE $0

FPA Members

Corporate Partners

Season Ticket Holders


$ 25.00

Non-Members

 

 


DETAILS


 

 

11:00 AM:   Is it the Tech or is it the Process?

 

Guest Speaker:  Kristen Schmidt, Founder, Technology Strategist, Consultant, Speaker - RIA Oasis, LLC


 

Kristen presents a master class in evaluating your firm’s entire technology ecosystem. From the 4 must-have tech tools, to common workflows that are key to efficient growth, Kristen shares best practices necessary to keep up with the ever-changing tech landscape. Through this interactive session, Kristen will bring valuable insights regarding tech optimization and how to build accountability through technology.

 

 

About the speaker:   As Founder of RIA Oasis, Kristen uncovers the real-time hurdles advisors face when it comes to technology, integrations & workflow building. As a Technology Strategist & Speaker, Kristen works directly with advisors and planners to assess, research, & implement technology platforms. Her passion is uncovering business solutions by marrying tech with best practice initiatives. Kristen’s career spans over 15 years in financial services, specializing in operational efficiencies related to technology & business infrastructure. Kristen was the Operations Manager and COO of a now billion dollar+ RIA based in the Midwest where she spearheaded & implemented a proprietary tech platform while leading a full operations team in the process. As a prior member of the TD Ameritrade Institutional Operations Panel, Kristen has had the unique opportunity to uncover the ever-changing tech landscape by being boots on the ground with a variety of influencers. She is now as an agnostic, strategic partner to tech vendors, RIA firms, Hybrid model firms, Financial Planning firms, Consultants & Custodians throughout the industry.


 

 

 

 

12:30 PM:   Credit Positioning for Risk and Opportunity  (CE: 1.0 CFP, CPA)

 

Guest Speaker:  Brian Quinn, CAIA, Senior Associate, Product Development & Management, Guggenheim Investments

 

How Did we Get Here?

Accommodative monetary policy promoted growth in corporate debt, triggered by the Fed’s aggressive buying of MBS and US Treasuries coming out of the GFC. This in turn resulted in record high levels of leverage across corporates, exacerbated by investors continually chasing high quality yields. Coming into 2020, added liquidity at a time when the labor market was strong pushed up valuations despite underlying earnings/fundamentals not showing signs of growth.

 

Where is the Economy Heading?

Due to the reasons above, the Economy was more prone to a slowdown than earlier in the cycle or perhaps markets indicated. COVID-19 exposed this weakness as it moved through the globe. This resulted in unprecedented growth in unemployment  and jobless claims and significant reductions in hours worked. As such, GDP Growth could be sharply negative and for quite some time.

 

What Will the Next Bear Market Look Like?

Guggenheim models explain that valuations and leverage entering recessionary periods are extremely important in informing how capital markets may respond, rather than just recession severity or duration. Across credit markets, leverage was high and default rates were low, but investors should prepare for higher credit events as solvency is tested.

 

How is Guggenheim Investing?

Investors should still be wary of fundamentals going forward as there has been little clarity. That said, valuations are reaching attractive levels and not all credit is money-bad, providing a unique opportunity given selectivity. Investors should consider all segments of the US fixed income markets in order to extract meaningful alpha, which may present itself in segments of the structured market as well as the corporate market. Fiscal policy, while large, has yet to show signs of proof and has been slow to implement. Monetary policy on the other hand, while unprecedented and unorthodox, may only help liquidity conditions, but cannot cease bankruptcies, defaults and downgrades from over-levered companies. As such, there may be more credit events going forward, especially if the recovery is slower and given markets are pricing an optimistic recovery.  


 

About the speaker:  Mr. Quinn is a Product Specialist on Guggenheim Partners’ Product Development and Management team, responsible for covering Guggenheim’s active fixed income strategies. He joined Guggenheim in 2017.  Prior to joining Guggenheim, Mr. Quinn was a Portfolio Specialist for Newton Investment Management, a BNY Mellon company, covering multi-asset absolute return and global equity strategies. He also spent two years serving as the Regional Team Lead on BNY Mellon’s Mutual Fund sales desk. He started his career at Credit Agricole Corporate & Investment Bank in New York, focusing on corporate advisory and origination of IPOs, Convertible Bonds, and Share Buybacks.  Mr. Quinn earned a B.S. in Finance and Leadership from Boston College’s Carroll School of Management. He has earned the right to use the CAIA designation and is a member of the CAIA association, and was involved in forming the association’s latest curriculum.



 


 

THANK YOU TO OUR PLATINUM SPONSORS FOR THEIR SUPPORT OF THIS EVENT


 

             

 

 

 

 

 

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