Sunday, 21 May 2017

2:00–4:30 p.m.

The Research Foundation Workshop for the Practitioner

The Research Foundation Workshop for the Practitioner draws from the work supported by the CFA Institute Research Foundation to help participants enhance their practical investment knowledge, understand and apply new research, and contribute to effective client service. This is an optional, free workshop for delegates of the 70th CFA Institute Annual Conference.

Joachim Klement, CFA, Workshop Moderator
Head, Thematic Research, Credit Suisse
Chair, CFA Institute Research Foundation

Let’s All Learn How to Fish . . . to Sustain Long-Term Economic Growth
Michael S. Falk, CFA
Partner
Focus Consulting Group

  • The costs of agedness could be more than 10x the 2008 recession.
  • Demographics do not have to be destiny; we have choices about policies that have an impact on workers and productivity.
  • We need a culture that ushers in a new ERA (from Entitlement to Responsibility and with Appreciation) of sustainable, long-term economic growth.

Financial Market History: A Comprehensive Guide for Investment Professionals
David Chambers
Director, Newton Centre for Endowment Asset Management
Judge Business School, University of Cambridge

Elroy Dimson
Chairman, Newton Centre for Endowment Asset Management
Judge Business School, University of Cambridge

  • Includes the wisdom of 22 financial historians in a new book published by the CFA Institute Research Foundation
  • Highlights five key insights from the past that are of practical value to CFA® charterholders thinking about the future
  • Covers such topics as long-term investing; time-varying returns; IPO performance; stock market bubbles; and high-tech investing

2:00–3:00 p.m.

Beyond the Numbers Concurrent Sessions

Beyond the Numbers Concurrent Sessions provide training in soft skill areas of growth and personal development for investment professionals, including leadership, firm building, career skills, and CFA Institute perspectives.

2:00–3:00 p.m.

The Sharing Economy and Crowd-Based Capitalism: How Digital Technologies Transform Business, Government, and Society

Professor and the Robert L. and Dale Atkins Rosen Faculty Fellow
Stern School of Business, New York University

  • Crowd-based capitalism is a new way of organizing economic activity that is transforming industries ranging from real estate and transportation to energy and healthcare. Small-business financing platforms like Uber, Airbnb, AngelList, and Funding Circle are early examples
  • It is important to analyze the digital and social drivers; draw out the implications for economic growth and the future of work; and look at whether emerging technologies like AI and 3D-printing accelerate or slow this transition
  • Regulatory approaches developed for the industrial era fail when the economy is crowd-based, but new digital trust systems and data-driven approaches provide effective alternatives

2:00–3:00 p.m.

Three Truths about Lying and a Radical Path to Trust

CEO
Calibrate

  • Which personality types lie, and how is deception expressed in email, on the phone, or in person?
  • How can deception be detected through body language, statement analysis, interviewing techniques, and interrogation? How can negotiators gain the upper hand and close deals that last by mastering deception-detection techniques?
  • What role do integrity, maturity, and the “difficult conversation” play in a world where truth is up for grabs?

3:00–3:30 p.m.

Book Signing: Arun Sundararajan

Professor and the Robert L. and Dale Atkins Rosen Faculty Fellow
Stern School of Business, New York University

3:30–4:30 p.m.

Beyond the Numbers Sessions

Beyond the Numbers Sessions provide training in soft skill areas of growth and personal development for investment professionals, including leadership, firm building, career skills, and CFA Institute perspectives.

3:30–4:30 p.m.

What They Do with Your Money: How the Financial System Fails Us and How to Fix It

Associate Director and Senior Fellow
Harvard Law School Programs on Corporate Governance and Institutional Investors

  • Widespread public ire at “Wall Street” is rooted in a chronic divergence between the expectations of grassroots savers and the mission, productivity, alignment, and performance of the financial industry.
  • Advances in managing governance risk at public corporations are now being matched with rising demand to overhaul practices at investing institutions.
  • Innovative solutions stand ready to rebuild trust in a market ownership ecosystem for the 21st century.

3:30–4:30 p.m.

Private Wealth Practitioner Networking: The Future of Wealth Managers

Join this discussion of the future of CFA® charterholders in wealth management as we explore changing client needs, competitive positioning in markets with new entrants, and the likely profile of successful wealth managers of the future. You’ll hear a variety of perspectives and discuss these issues in small groups as you consider the future and forge new relationships with other wealth managers.

3:30–4:30 p.m.

Gray Rhino-Proofing Your Future: Recognizing and Acting on the Obvious Dangers We Ignore

Author
The Gray Rhino: How to Recognize and Respond to the Obvious Dangers We Ignore

  • Why we neglect, downplay, or outright deny highly probable, often preventable threats — and how much these oversights cost
  • How to avoid “surprise” black swans by looking for obvious but neglected “gray rhino” risks, including common decision-making pitfalls
  • Strategies that you can apply at each of the five stages of a typical gray rhino to rethink risk and make better decisions on investments and financial planning

4:30–5:00 p.m.

Book Signing: Stephen Davis

Associate Director and Senior Fellow
Harvard Law School Programs on Corporate Governance and Institutional Investors

4:30–5:00 p.m.

Book Signing: Michele Wucker

Author
The Gray Rhino: How to Recognize and Respond to the Obvious Dangers We Ignore

5:00–6:15 p.m.

Annual Conference Sunday Keynote: Choice Architecture in Financial Decision Making

Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics
Booth School of Business, University of Chicago

  • Identifying and managing conflicting goals and competing stakeholder issues
  • Dealing with biases, barriers, blunders, and other misbehavior
  • Managing levers, repairs, and nudges

Margaret E. Franklin, CFA, Moderator
President
BNY Mellon Wealth Management, Canada

6:30–7:30 p.m.

Welcome Reception

Kick off the conference and connect with your fellow delegates at a “Welcome to Philadelphia” reception, held in the historic Ballroom at the Pennsylvania Convention Center. Enjoy the spectacular surroundings of the historic Philadelphia venue that was originally the Reading Railroad Company’s waiting room.

Sample delights from Philadelphia’s culinary scene, including cheesesteaks, pork sliders, and craft beers from local microbreweries.

This reception is included in the delegate fee. Dress is business casual.

6:30–7:00 p.m.

Book Signing: Richard H. Thaler

Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics
Booth School of Business, University of Chicago