The Kelly Group Professional Happenings
From June 27-29, Bryan attended the PIMCO Independent Financial Advisor Advisory Council meeting at PIMCO headquarters in Newport Beach, CA. Bryan is a founding member of PIMCO’s Advisory Council, which consists of a select number of advisors nationwide. The purpose of the Council is to encourage candid conversations with PIMCO officials about its investment strategies and how it can better help advisors meet client needs. While advisors generally serve a two-year commitment, PIMCO has asked Bryan to extend his tenure through a third year. Bryan, one of twelve advisors attending, engaged in substantive conversations with PIMCO’s executive leadership, including PIMCO’s president, as well as a senior economist, portfolio managers and asset allocation specialists. The discussion was particularly timely in light of major regulatory changes in the industry, and ongoing developments in the fixed income markets.
The meeting was also an opportunity for Bryan to update our research on PIMCO, one of The Kelly Group’s long-time fixed income strategists, as part of TKG’s ongoing due diligence process. “I came away from these meetings with continued confidence that our client’s assets remain in the industry’s finest and most capable hands,” Bryan said. PIMCO is one of the world’s largest investment managers, with about $1.6 trillion of assets.
From June 11-14, Bryan Kelly met with top executives of Cambridge Investment Research, Inc.–The Kelly Group’s Registered Investment Advisor– to discuss challenges and opportunities posed by significant recent developments in the financial services industry. Among those Bryan met with are: Cambridge’s Eric Schwartz, Executive Chairman of the Board for Cambridge (with Bryan in the left picture, below), Cambridge CEO Amy Webber (with Bryan in the center picture, below), Colleen Bell, First Vice President of Fiduciary Services for Cambridge (picture on right), and Bob Pugliese, our Cambridge Branch Manager (picture on right). The primary focus of these conversations was the impact of the recently issued Department of Labor ruling, which significantly redefines the fiduciary responsibilities of financial advisors and mandates changes to the industry’s cost structure. Bryan used this occasion of personal access to Cambridge’s top decision makers by focusing on how to respond to this phase of the industry’s evolution in a manner that best protects our clients’ interests. Bryan also confirmed that The Kelly Group remains very well positioned within the industry because of the client-centric policies the firm already has in place. These discussions took place while Bryan attended Cambridge’s Premier Club Conference in Vancouver, British Columbia. This invitation-only conference is held annually for Cambridge’s top advisors.
The New Century Council of Cambridge Investment Research, Inc. met in Newport Beach on May 3, 2017. Chad Arrington (pictured on far left) is a member of the council and attended and presented during the collaborative sessions focusing on topics such as helping advisors develop digital marketing strategies, as well as creating systems and processes for hiring and training new advisors. Amy Webber, President of Cambridge, joined by other Cambridge talent, worked with the council to discuss the future of the financial advisory profession.
Financial advisor, Chad Arrington, attended an economic update focusing on the recent trends and outlook for the U.S. and Maryland economies. The update was held at the Federal Reserve Bank of Richmond Baltimore Branch on January 18, 2017 and presented by Andy Bauer, the branch’s senior regional economist. Despite a lot of uncertainty, there are also many trends driving long-term growth in the economy. Pictured below are Chad Arrington (left) and Andy Bauer (right).
The Kelly Group offices will be closed Friday, December 23rd through Monday, December 26th so that our team may spend quality time with their loved ones. We will reopen on Tuesday, December 27th at 8:30am.
From our family to yours, wishing all of our clients and friends a Very Merry and Joy Filled Christmas!!
As part of The Kelly Group’s investment due diligence process, Charlie Wolpoff attended an investment forum hosted by Davis Advisors, one of TKG’s strategists. Presenters included Chris Davis (left) and Danton Goei, co-managers of the Davis funds held by TKG: Davis New York Venture and Davis Selected American funds. The Davis team provided a very informative and in depth analysis of the Davis investment discipline, their views of potential opportunities in today’s markets, the potential impact of the election, and insight into the wisdom of some of the greatest investment minds. Davis and Goei also addressed in considerable detail questions from the attendees. The Nov. 18 forum was held mostly in the historic New York Waldorf Astoria.
Our very own Bill Kelly was featured in “Legendary Locals of Bel Air” by Carol Deibel and Kathi Santora. The book features people and businesses who have helped Bel Air grow from wilderness in the 1780’s to today’s thriving town. You can find Bill’s story in Chapter 3 – The Economic Engines. So proud to work with our very own local legend!!!!
Jodi Davis was invited to speak at the Annual MACPA Personal Financial Planning Conference in Towson on October 25th. Her presentation, titled What Women Want (and Need) in a Financial Adviser, was made to CPA’s who are financial planners or business consultants advising clients in retirement and financial planning issues.
The Kelly Group is proud to announce that Chad Arrington is featured in the October edition of I95 Business (http://i95business.com/2016/10/generation-2/). The article spotlights Chad as one of the Next Gen professionals who are making their mark in our community.
On September 28, 2016, four members of The Kelly Group team travelled to Hershey, PA for the annual Premier Wealth Management Conference. Kathi Morlock, Jodi Davis, Charlie Wolpoff and Michael Bertrand attended the two day event filled with information on upcoming legislative changes, industry news and practice management tools. Jodi was invited to present to her peers on the effects of recent Social Security legislation.
The Kelly Group presented: Writing the Family Love Letter: How to Create Your Greatest Legacy at the Chesapeake Golf Bay Club at Rising Sun on Tuesday, September 20th. With thought-provoking stories of families in crisis, Bryan Kelly spoke about the benefits of creating a Family Love Letter to help provide families with guidance, clarity and peace of mind after a loved one’s incapacity or death.
Financial advisors Bill Kelly, CPA, CFP® and Chad Arrington, CFP® attended the Financial Planning Association national conference held on September 14-16 in Baltimore, Maryland. This conference (which is held in different locations around the country each year) annually draws more than 2,000 attendees from the global financial planning community, including over 1,000 CFP®’s. Among the various topics presented at the conference, Bill and Chad attended sessions on the future of financial planning in the digital age; best practices, training and career progression for financial planners and interns; asset protection strategies; and estate planning for IRAs and Qualified Retirement Plans.
One of the keynote speakers was Cal Ripken, Jr. who discussed implementing some of the same teamwork concepts from the game of baseball to running and operating a business. Brian Roberts, Chairman and Chief Investment Officer of T. Rowe Price, spoke about how a long-term investment perspective, diversity of thought, and collaborative culture are key to adapting to times of change.
The final photo features Chad Arrington (third from the left) with a few of the FPA NexGen financial planners and advisors who also graduated from Virginia Tech’s financial planning program.
On September 14th, Bryan Kelly, Michael Bertrand, and Charlie Wolpoff attended a special forum in Baltimore for Cambridge advisors. The forum focused on DOL rules set to transform our industry in 2017. As part of the forum, Charlie was invited to participate on a four-person panel that addressed how a financial planning practice thrives in the face of today’s challenging regulatory environment. In that discussion, Charlie emphasized The Kelly Group’s client-centric focus and team approach.