Event Detail

Manager Client Relationships and Investment Happiness (Ended)

Date, Time, and Location:
Wednesday, June 13, 2012 (add this event to your Outlook Calendar)
4:00 pm
The Chicago Club, 81 East Van Buren Street, Chicago, IL  60605   (Driving Directions)

Arnold Wood, President & Chief Executive Officer - Martingale Asset Management

Moderated by:
Michael Falk, CFA, CRC - Partnering Consultant, Focus Consulting Group, Inc. & Founder, MSF Asset Consulting

Date, Time, and Location:
Wed., June 13, 2012
4:00 - 6:00 pm
The Chicago Club, 81 East Van Buren Street, Chicago, IL 60605

Program Description:
Recent market trends suggest that the integration of traditional and behavioral finance continue to influence the advisor-client relationship. Join us as Arnold Wood discusses how this evolution has transformed personal investment management, but more importantly, how new research and thinking may inform the advisor/client relationship going forward. Attendees will receive a copy of the monograph/publication "Behavioral Finance and Investment Management" a Research Foundation publication (December 2010), Arnold Wood.

What You Will Learn:

  • The applicability of the endowment model (efficient frontier portfolio) for individual investors
  • The evolution of the goals based investing framework
  • How behavioral factors should structure and influence the conversation between advisor and client

Speaker Bios

Arnold WoodArnold S. Wood, is a Partner, President and Chief Executive Officer, and the Chair of its Management Committee. Wood, in addition to his role with the Investment Team, is an important participant in business management activities, marketing, and client relations. A leader in the investment management profession for over four decades, Wood is well known for his pioneering educational work, particularly in behavioral finance and investment practices. Prior to founding Martingale, he was a Trustee and Senior Vice President of Batterymarch Financial Management where he was a global investment strategist and portfolio manager for ten years. Prior to joining Batterymarch, Wood headed the Pension Asset Department and the Investment Strategy Committee at State Street Bank and Trust Company, now SSgA.

Wood is a Trustee of the Research Foundation of the CFA Institute. Behavioral Finance and Investment Management is a monogrogh he organized and edited for the Foundation in 2010. He was a Governor of the CFA Institute, Chairman of the former Financial Analysts Federation, Chair of the Financial Analysts Journal Committee, and a founding member of the International Society of Financial Analysts. He has received prestigious awards from the CFA Institute, including the Daniel J. Forrestal Leadership Award for Professional Ethics and Standards of Practice and the Leadership Award in Global Investing. He has written Fatal Attractions for Money Managers (FAJ); Manager vs. Client: What's the Difference (JPM); The Plan: Trustees Under Duress and Behavioral Finance & Investment Committee Decision Making (CFA Institute 2006). He also co-authored Individual Decisions Making and Group Decision Processes (JBF); recent research is in the area of Committee Investment Judgment and Decision Dynamics. Wood is an advisor for and presenter at Harvard University's John F. Kennedy School of Government study on Investment Decisions and Behavioral Finance. He is a graduate of Trinity College.

Michael Falk Michael S. Falk, CFA, is a partnering consultant with the Focus Consulting Group. Falk is passionate about the singular principal of providing value-added asset consulting. He is a partner and chief strategist on a global macro hedge fund, and was a former CIO in charge of manager due diligence and asset allocation for a multi-billion dollar advisory. His background includes extensive asset allocation research and portfolio development expertise along with a multi-faceted understanding of behavioral finance and retirement issues. The asset consulting perspective acknowledges that the wisdom of crowds can denigrate into madness at times. Assets should be managed with the serenity to accept the market's realities; the courage to pursue its opportunities; and the ongoing pursuit of wisdom to understand the difference.

Aside from his consulting work, Falk is part of the CFA Institute's Approved Speaker List, a contributing member of the PDDARI group within the Financial Management Association (FMA), the Vice Chair of the Plan Sponsor Council of America's Investment Committee, and teaches as an adjunct professor at DePaul University in their Certified Financial Planner (CFP) Certificate Program as well as on behalf of the CFA Society of Chicago. He graduated from the University of Illinois with a B.S in Finance. He also holds the Certified Retirement Counselor (CRC) designation.

Members - $45
Non-Members - $55
Student-Members - $20
(payable by cash, check, credit card or function ticket)*

CFA Institute Qualified Activity: Eligible for 1 credit hour

Business Casual

Light refreshments will be served

For Reservations:
Register online below, or by phone: 312-251-1301

4:00 - 4:45: Registration and networking
4:45 - 6:00: Program Discussion/Q&A

Hosted by: Education Advisory Group

*Special Notes Regarding Fees:
Regular, Candidate, and Affiliate Members may apply function tickets as payment for Non-member or Student-Member. Credit card required to guarantee ALL reservations except for ONLINE reservations using FUNCTION TICKETS. No day-of-event pre-registrations accepted (on-site only, if applicable and space available). There is a $5 surcharge for walk-ins. Visa, MasterCard, American Express, Discover and Diners Club are accepted. Cancellations accepted until 5:00 pm, June 8.

A Passport Event This is a "Passport Program." Members of any local CFA society may attend at the CFA Chicago member rate. If you are only a member of CFA Institute, you do not qualify for the society member rate.

This program qualifies for credit under the guidelines for the CFA Institute Continuing Education Program. Please click here if you would like more information.

Content shared during CFA Society Chicago programs is not, and nothing in it should be construed as, an offer, invitation or recommendation of any specific financial services company or professional, or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy, any securities in any jurisdiction. By registering for and attending this event, you acknowledge that any photographs that may be taken are the property of CFA Society Chicago and give your consent to their use in CFA Society Chicago's online and print business communications and marketing.