The Kelly Group Professional Happenings
On January 8 – 10, 2018, Chuck Wienckowski attended the 2018 AICPA Personal Financial Planning Summit in Rancho Palos Verdes, CA. The event is a gathering of industry leaders and experts providing an opportunity for learning and discussion concerning the ever-changing landscape of financial planning. Chuck observed, “One of the best features of the Summit is the intimacy, with roughly 125 planners all getting to know each other and form an instant community. With dedicated time to interact with each other, this collaboration of some of the most experienced minds in the financial planning profession allowed us to dive deep into practice issues, client opportunities and leadership.” Pictured with Chuck are author and presenter Judith Glaser; and facilitator, TV business host and blogger, Jill Schlesinger.
On December 5th, The Kelly Group held a meet and greet event for more than 100 clients of Roy Meyers and Associates, Ltd. at The Maryland Golf and Country Clubs. A long-time friend of Bryan and Bill Kelly, Roy has incorporated The Kelly Group into his succession strategy. As he transitions from his tax and accounting practice, and devotes a greater portion of his time to Wealth Management, The Kelly Group will help supplement his firm’s Wealth Management services. At the same time, we are honored that he has chosen Kelly CPAs and Consultants, LLC as the successor to his tax practice. Roy’s wife, Peggy, spoke on behalf of Roy (who did not attend due to illness). Thanking attendees for their steadfast loyalty, she looked back at the firm’s impressive history, and forward to this new relationship. Peggy conveyed Roy’s high degree of confidence in The Kelly Group, and his conviction that his clients will find that the Meyers and Kelly firms—both based in the heart of Bel Air—share a common commitment to maintaining a culture of high quality, client-first service. Bryan Kelly concluded the enjoyable evening by introducing to Roy’s clients the members of our deep, diversified, and talented Kelly team.
On November 3rd, Charlie Wolpoff, our Director Of Financial Planning & Research, and Joe Henninger, one of our Financial Planning Associates, attended the Davis Funds’ 2017 Advisor Investment Forum in New York City. Portfolio Managers Chris Davis & Danton Goei, who manage the Davis New York Venture Fund, discussed their thoughts on the last year, and expectations for the future. Chris and Danton presented several sessions, such as Building Long-Term Wealth: Lessons from 60 Years on Wall Street, and Global Market Outlook & Four Investment Themes for the Coming Decade. Charlie and Joe also joined Davis for their open Q&A session, where they discussed management succession planning, and the structure and focus of Davis’ broad team of analysts. Attending conferences of this type held by our strategists is just one aspect of The Kelly Group’s ongoing investment due diligence process. Pictured from left to right are Joe, co-Portfolio Manager Danton Goei, and Charlie.
Financial Advisor, Jodi Davis, was asked to speak at the 2017 MACPA Practitioners Conference on Thursday, November 2, 2017 at Martin’s West. Jodi’s presentation on Social Security Planning reviewed options and claiming strategies post the bipartisan changes of 2015. She also discussed some of the missteps or mistakes made by claimants and SSA personnel when filing for benefits.
On November 2nd, Kelly CPAs and Consultants hosted an educational seminar for clients and their guests on The State of Tax Reform. Presenter Chuck Wienckowski spoke on the seven steps of a tax bill becoming tax law and reported on the up to the minute tax bill released by the House Ways & Means Committee yesterday.
On October 5th & 6th, The entire Kelly Group team traveled to Hershey, PA to attend the annual Premier Wealth Management Conference. After the conference sessions on compliance, practice management, technology and leadership, our team took time to enjoy several activities together including Segway tours, spa treatments, golfing and touring the beautiful Hershey gardens.
In an event showcasing The Kelly Group’s depth and breadth of talent, a panel of TKG advisors addressed a variety of topical issues in front of a large gathering of clients and friends. The September 28 forum, held at the Maryland Golf and Country Club, featured TKG advisors Bryan Kelly, Chuck Wienckowski, Jodi Davis, Chad Arrington, and Charlie Wolpoff. Bryan began the evening by discussing The Kelly Group’s investment philosophy and its disciplined process for selecting strategists. Emphasizing the essential role of the financial plan, of which investing is only one component, he then turned to the panel which tackled a wide assortment of matters that can affect the success of the client’s financial plan. Among the subjects discussed were the importance of knowing your retirement “magic number”, the corrosive effect of inflation, the latest developments regarding social security strategies, and how to protect oneself from the ever-growing threat of identity theft. The wide-ranging conversation concluded with a roundtable on various behavioral biases that can interfere with rational financial and investing decisions.
In a busy month for travel and educational conferences, Bryan was able to spend a day (September 11) in Philadelphia at a conference held jointly by the prestigious Wharton School of Business and the Investment Management Consultants Association. Among the speakers were Wharton professors Richard Marston, author of “Investing for a Lifetime”, and Joao Gomes, an expert in the intersection of macroeconomics and financial markets. At this high-level conference addressing a variety of complex investment issues, Bryan was gratified to hear further confirmation of core aspects of The Kelly Group philosophy: the importance of maintaining a long-term strategic approach to investing, and–most important of all—the essential role in the success of any investment strategy played by the financial plan.
On September 13-15, Bryan Kelly, Michele Wolbert and Jodi Davis attended the annual Ignite conference in Dallas, Texas. The conference, held each year by our broker/dealer, Cambridge Investment Research, Inc., was attended by more than 1800 professionals in our industry. Speakers provided valuable educational tools and informational sessions on industry related topics such as technology, regulatory changes and overviews, service excellence, client engagement, portfolio management, amongst many others. The Kelly Group finds these conferences to be a valuable way to remain highly informed and ultimately to better serve our clients.
On July 17, The Kelly Group hosted several industry professionals at an all-day conference to discuss industry trends and opportunities in the ever-evolving wealth management industry. Reflecting The Kelly Group’s respected standing, our guests traveled significant distances to address the TKG management team in Bel Air. Colleen Bell, First VP of Fiduciary Services of Iowa-based Cambridge, our Registered Investment Advisor, discussed keys to adapting to the changing industry environment. Chicago-based Nancy Harris, of Fidelity Clearing and Custody Solutions, our custodian, discussed an array of technological advancements that will help us service our clients better, smarter, faster. Bob Pugliese, our Philadelphia-based Cambridge Branch Manager, added valuable insights regarding several of the most significant industry changes. The common theme throughout the day: Best practices for continuing to provide the highest quality client service.
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.