Recent Regulatory Changes Impacting Your Firm
Lori Neidel, Law Office of Lori J. Neidel
Room: International 6-7
CE Credits: 1 CFP CE Credit - Professional Conduct and Regulation; 1 IRS CE Credit - Federal Tax Law; 1 NAPFA CE Credit - Insurance and Risk Management; 1 NASBA CPE Credit - Specialized Knowledge
This presentation will focus on recent regulatory and compliance changes in both the state and federal securities laws. The material will cover a status on the continued focus by state regulators on fee models, upcoming IAR continued education requirement, NASAA's new model compliance rule, and the new SEC Marketing rule.
Adding Value Through Active Tax Management and Direct Indexing: Cambridge Index Strategies
Bert Whitehead, ACP; Brent Burns and Stephen Huxley, Asset Dedication
Room: Marquis A-B
CE Credits: 1 CFP CE Credit - Investment Planning; 1 NAPFA CE Credit - Investments; 1 NASBA CPE Credit - Specialized Knowledge
Since its low point on March 23, 2020, the Dow reached its record high on August 16, 2021, posting a gain of nearly 92% in about 16 months. Over the same period, the S&P 500 gained nearly 100% and the NASDAQ was up 116%. Such pretax gains are likely producing a lot of smiles among large-cap investors. These smiles may turn to frowns, however, when the Taxman cometh.
Wouldn’t it be nice to have a reservoir of tax losses harvested from prior years to offset or at least mitigate the impact of these capital gains taxes? The Cambridge Index Strategy can provide investors with just such a reservoir. It is a direct indexing, large-cap momentum strategy comprising 50 well-known stocks. It takes advantage of the random moves that these stocks make, keeping those that have gone up during the year (“Bloomers”), and selling those that have gone down (“Losers”). It repeats this process every year, thereby refreshing itself on an annual basis and keeping it aligned with long-term trends as well as gathering in the new darlings of the market (think FAANG). If followed faithfully and wisely, it can help ordinary large cap returns bloom into remarkable after-tax returns over the long term.
Although the Cambridge Index Strategy has been around a few years, too few ACP members have taken advantage of what it has to offer, especially for clients in wealthier brackets. Learn how to use it and about a new, more aggressive form of tax-loss harvesting.
Nuts and Bolts of the Strategic Financial Review (Paid First Appointment)
Kelly Adams, Harbor Light Planning, Chip Simon, Taconic Advisors
Room: International 4-5
Track: Practice Management
CE Credits: 1 CFP CE Credit - General Principals of Financial Planning; 1 NAPFA CE Credit - Financial Planning Process; 1 NASBA CPE Credit - Specialized Knowledge
The Strategic Financial Review (Paid First Appointment) is a great way to give new clients a taste of the ACP model (while you get paid), build your business, identify ideal clients, and train your staff. This session goes beyond the ACP Success Program materials and will take a deep dive into how two firms structure the meetings including application of software and client deliverables.