CNBC Financial Advisor Summit: Vision 2022
The CNBC Financial Advisor Summit brings forward-thinking advisors together virtually to hear from industry heavyweights about the state of the markets and to learn new and innovative ways to address the needs of their clients and their firm.
As we reach the end of the year, we look ahead to 2022 – what will be the key investment themes in the new year? How will client needs change as the world continues its return to pre-pandemic life? What new challenges await? Plus, we celebrate the 2021 Financial Advisor 100 – CNBC’s annual list of top advisory firms.
This event is eligible for 5 CFP CE credits.
To read more about CNBC’s list of top-rated financial advisory firms, visit us here.
Penny Pennington is the managing partner of Edward Jones, a Fortune 500 financial services firm. As sixth managing partner in the firm's 99-year history, Penny is responsible for the firm's strategic direction, leading the firm's Enterprise Leadership Team and working together with more than 49,000 associates across North America to make a positive impact in the lives of Edward Jones' clients, colleagues and communities. She was recently named No. 34 in her third appearance on the Fortune Most Powerful Women in Business list.
Penny began her Edward Jones career in 2000 as a financial advisor in Livonia, Mich. In 2006, she was named a principal and relocated to the firm’s St. Louis headquarters where she held various leadership roles.
Penny earned a bachelor's degree in commerce with a concentration in finance from the University of Virginia and an MBA from Kellogg School of Management at Northwestern University. She is a graduate of Wharton’s Securities Industry Institute and is a CFA® charterholder.
A native of Nashville, Tenn., Penny now calls St. Louis home after relocating from Michigan 14 years ago with her husband, Mike Fidler, and two children. She is an active member of the St. Louis community, serving on the boards of the Federal Reserve Bank of St. Louis, United Way of Greater St. Louis, the Donald Danforth Plant Science Center, Washington University in St. Louis Board of Trustees, the Whitaker Foundation and Executive Committee of the Chair's Council for Greater St. Louis, Inc. Penny also actively champions Edward Jones' national presenting sponsorship with the Alzheimer's Association.
Bradley Tusk is a venture capitalist, political strategist, philanthropist and writer. He is a co-founder and Managing Partner at Tusk Venture Partners, the world’s first venture capital fund that invests solely in early stage startups in highly regulated industries, the founder of political consulting firm Tusk Strategies, and the co-founder and Chairman of the Ivory Gaming Acquisition Corp, a publicly traded company on the NASDAQ. Bradley’s family foundation is funding and leading the national campaign to bring mobile voting to all U.S. elections. Tusk Philanthropies also runs and funds anti-hunger campaigns that have led to the creation of universal school breakfast programs in 8 different states. Bradley is the author of The Fixer: My Adventures Saving Startups From Death by Politics, writes a column for Fast Company, hosts a podcast called Firewall about the intersection of tech and politics, and is the co-founder of the Gotham Book Prize. He is also an adjunct professor at Columbia Business School.
Previously, Bradley served as campaign manager for Mike Bloomberg’s 2009 mayoral race, as Deputy Governor of Illinois, overseeing the state’s budget, operations, legislation, policy and communications, as communications director for US Senator Chuck Schumer, and as Uber’s first political advisor. Bradley received his J.D. from the University of Chicago Law School and his B.A. from the University of Pennsylvania. He lives in Manhattan with his wife, art historian Harper Montgomery, their two kids, and their dog, Sam. He spends his free time worrying about the Mets.
Douglas A. Boneparth is the president and founder of Bone Fide Wealth. Early in his career, Boneparth became one of the youngest certified financial planner professionals in the country. In 2016, he was named to the InvestmentNews Top “40 Under 40.” Boneparth is also the co-author of The Millennial Money Fix, which helps millennials learn the reasons for their financial challenges and provides the mechanics for their solutions. He serves as the CFP Board Ambassador for New York, educating the public on how financial planning with CFP professionals can help people achieve their financial goals.
Boneparth has helped his clients negotiate sales of businesses; establish legacies for future generations; purchase new homes; pay off debt; and achieve financial independence. While servicing the needs of his diverse book of business, he noticed a gaping hole in the industry: advice for millennials, his peers.
He is a leading media source and influencer on millennial finance, appearing on CNBC’s On The Money and Nightly Business Report, ABC’s World News Tonight and Good Morning America, and Cheddar, as well as in The New York Times, The Wall Street Journal and others.
Boneparth may be reached by email at douglas@bonefidewealth.com. Follow him on Twitter at @dougboneparth.
Charles Carmakal is FireEye’s Strategic Services CTO and is one of the company’s leading incident response experts. He oversees a team that has helped over a thousand organizations respond to complex security breaches orchestrated by foreign governments, organized criminals, and political hacktivists. Charles has 19 years of experience helping organizations become more resilient to cyber attacks, including significant experience helping Fortune 500 organizations build and enhance security programs to combat advanced attacks. He frequently provides strategic security guidance to executive leadership and boards of directors.
Charles has conducted television and print interviews by media organizations including 60 Minutes, CNBC, Wall Street Journal, Reuters, Bloomberg, New York Times, Washington Post, NBC News, and Fox Business. Prior to joining FireEye, he served in various leadership roles within PwC in the US and Australia. He received Bachelor’s and Master’s degrees in Decision and Information Sciences from the University of Florida.
Charles is serving as the Chair for the Executive Track.
10:00am
Tyler Mathisen, CNBC “Power Lunch” Co-Anchor and Vice President, Events Strategy
As Managing Partner at Edward Jones, Penny Pennington oversees 19,000 financial advisors and sets the strategic direction for the firm, which will celebrate its 100th anniversary in 2022. In her short time at the helm, Pennington has led the firm to redefine retirement planning to include a focus on health, purpose and family, and committed Edward Jones to ambitious diverse representation goals to place more women and people of color into roles as leaders and financial advisors. Pennington kicks off the FA Summit to talk about the current state of the FA profession and its future.
Penny Pennington, Edward Jones Managing Partner
Interviewer: Kelly Evans, CNBC “The Exchange” Anchor and “Power Lunch” Co-Anchor
Watch the full interview
Investors poured into hot trends like electric vehicles, sports betting and
cryptocurrency in 2021. Will regulators slow their growth in the year ahead? Or will government go-aheads give them more room to run? Bradley Tusk is a venture capitalist who focuses on startups in regulated industries. Find out how he thinks potential state, local and federal policy changes may impact investments in these hot industries.
Bradley Tusk, Tusk Venture Partners Co-Founder & Managing Partner
Interviewer: Leslie Picker, CNBC Reporter
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Has inflation peaked or will it get worse? What will the Fed do and who will be running it? Does the pandemic officially end? The answers to these questions set the stage for our conversation about the opportunities and challenges ahead for investors in the year to come. Our experts weigh in.
Stephanie Link, Hightower Chief Investment Strategist & Portfolio Manager
Liz Young, SoFi Head of Investment Strategy
Moderator: Bob Pisani, CNBC Senior Markets Correspondent
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“Mad Money” host Jim Cramer brings the show to the FA Summit, delivering his quick take on hot stocks and sectors to watch in 2022. Featuring questions from the leaders of some of the firms on CNBC’s FA 100 List.
Moderator: Jim Cramer, CNBC “Mad Money w/ Jim Cramer” Host and “Squawk on the Street” Co-Anchor
Watch the full video
SPONSORED AND PROGRAMMED BY NUVEEN
There is a long list of factors influencing investing outcomes in 2022: Deceleration of economic growth, the Fed and inflation, shifting consumer spending habits, productivity growth, and the bottom lines of corporations. As 2021 comes to a close and a new year is upon us, how can financial professionals navigate the uncertainty and find market opportunity for investors?
Brian Nick, Nuveen Chief Investment Strategist
Interviewer: Jen Rogers, Financial Reporter
Depending on what Congress does or doesn’t accomplish in the final month of 2021, 2022 could bring sweeping changes to US tax policy, entitlements, retirement planning and more, with implications for the wealthy, the middle class, and small business owners. Or it could not. How do advisors plan for that? Hear from expert advisors on how they’re steering their clients through uncertain times and preparing them for the possibility of major changes.
Jeffrey Levine, Buckingham Wealth Partners Chief Planning Officer
Sheneya Wilson, Fola Financial Founder and CEO
Moderator: Sharon Epperson, CNBC Senior Personal Finance Correspondent
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Has inflation peaked or will it continue to rise? Will the Fed start raising rates in May? June? Or later? The answers to these questions will determine the fate of fixed income markets in 2022. In this session, we’ll try to chart the course for a potentially volatile year ahead for bonds.
Gilbert Garcia CFA, Garcia Hamilton & Associates Managing Partner
Interviewer: Leslie Picker, CNBC Reporter
Watch the full interview
12:00pm
SPONSORED AND PROGRAMMED BY ICAPITAL NETWORK
Successful and sophisticated financial advisory firms and their high-net-worth clients continue to look for innovations and opportunities in alternative investments to meet the growing need for greater diversification, and alternative sources of return and income with less correlated asset classes. The panel discusses recent product developments, managing potential challenges, and strategies to help investors capitalize on the increasing potential within alternative investments.
Dick Pfister, AlphaCore Wealth Advisory Founder and Chief Executive Officer
Robert Worthington, iCapital Network Managing Director, Independent Wealth Solutions
Moderator: Rhonda Schaffler, Business Anchor
SPONSORED AND PROGRAMMED BY INTERACTIVE BROKERS
Investment advisors face multiple challenges managing global assets. As cross-border complexities evolve, it’s an important time to look ahead and examine how technology can help assess risk, reduce overhead and commissions, and enhance trading capabilities. This discussion will focus on ways to overcome investment challenges both now, and in 2022.
Judith Casasampere, Interactive Brokers Institutional Sales, Latin America
Frank Magnani, Interactive Brokers Global Institutional Sales
Michael Freeburg, Greenwich Wealth Management Founding Member
Moderator: Jen Rogers, Financial Reporter
SPONSORED AND PROGRAMMED BY ISHARES
The pandemic has contributed to an investing environment fraught with market volatility, new trends, and inflation. As such, financial advisors are looking for a steady stream of guidance on new market opportunities. The challenge: sifting through what’s important in-the-moment as opposed to for the long-term? In this session, we’ll discuss investment themes to watch in 2022, and ways advisors can guide clients in the right direction.
Michael Lane, BlackRock Head of iShares U.S. Wealth Advisory
Craig Lazzara, S&P Dow Jones Indices Managing Director and Global Head of Index Investment Strategy
Moderator: JJ Ramberg, Business Journalist
12:15pm
SPONSORED AND PROGRAMMED BY ALLIANCE FOR LIFETIME INCOME
We invited advisors who are top financial educators in their communities to be interviewed at each stop on Rolling Stones 2021 tour. We learned their roles have expanded–they’re providing clients with increased guidance, education, and extensive retirement planning in an effort to help them feel both secure and optimistic about their futures. This session reveals the results of those conversations, and the ways advisors are helping people manage their entire financial lives.
William T. Nicklin, Horsesmouth Chief Executive Officer
Interviewer: Caroline Woods, Business Journalist
As Millennials begin to inherit $68 trillion in wealth from their Baby Boomer parents, surveys show that the young generation is not interested in the services of Financial Advisors. Data from the Federal Reserve shows that more than two-thirds of wealthy Americans under age 45 with at least $500,000 in net worth are “self-directed” when it comes to managing their wealth. A recent Wall Street Journal headline may have said it all: “Thanks for the golf invite, but you can’t invest my money.” Can they be won back?
Jon Mauney, Betterment for Advisors General Manager
Kristi Rodriguez, Nationwide Retirement Institute Senior Vice President
Moderator: Sharon Epperson, CNBC Senior Personal Finance Correspondent
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When it comes to cybersecurity, FAs need to consider protecting their clients’ personal data and their personal investments in equal measure. In this panel, two cybersecurity experts talk macro and micro cyber risk, from how to think about cybersecurity when choosing investments, to how to defend client assets from increasingly complex forms of attack.
Jamil Farshchi, Equifax Chief Information Security Officer
Charles Carmakal, Mandiant Chief Technology Officer
Moderator: Eamon Javers, CNBC Senior Washington Correspondent
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In August, Delancey Wealth Management founder Ivory Johnson argued in an op-ed on CNBC.com that Bitcoin, in small amounts, can benefit client portfolios, with acceptable amounts of risk. “Many asset classes that are now commonplace in a portfolio were at some point considered far too volatile for the average investor.” 2021 is the year crypto refused to be ignored. Ivory Johnson and Doug Boneparth joins the FA Summit to help prepare FAs for the inevitable moment when a client asks about crypto.
Douglas Boneparth, CFP, Bone Fide Wealth LLC President
Ivory Johnson, CFP, Delancey Wealth Management Founder
Moderator: Deirdre Bosa, CNBC “TechCheck” Co-Anchor
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A landmark Supreme Court decision this year forced the NCAA to allow its student athletes to use their Name, Image and Likeness (NIL) for personal financial gain. Hanna and Haley Cavinder, twins on the Fresno State women’s basketball team who built an enormous social media following, cashed in immediately by signing multiple endorsement deals. And since one of the four pillars of the NCAA’s NIL policy is that “athletes can use professional service providers to help navigate NIL activities,” the new era for college athletics brings with it a new opportunity for FAs to bring in young clients.
Hanna and Haley Cavinder, Fresno State Basketball Players
Jeff Kotalik, Morgan Stanley Global Sports and Entertainment Director
Moderator: Sharon Epperson, CNBC Senior Personal Finance Correspondent
Watch the full interview
Join the conversation on camera for these interactive, topic-based sessions led by industry leaders. Share your thoughts, ask questions, exchange ideas, and network with event speakers, our FA Council members, and your peers.
FA Exchange: The Next Generation of Investors
Continue the conversation about new asset classes, changing retirement goals, the “great wealth transfer” and how those factors shape conversations with prospective clients.
Featured Guest: Kristi Rodriguez, Nationwide Retirement Institute Senior Vice President
Moderator: Sharon Epperson, CNBC Senior Personal Finance Correspondent
FA Exchange: Market Trends 2022
Live from the New York Stock Exchange, CNBC Senior Markets Correspondent Bob Pisani takes your questions and delivers the low-down on what traders are thinking about and worrying about in the year ahead.
Moderator: Bob Pisani, CNBC Senior Markets Correspondent
2:30pm
REGISTRATION FOR THE FA SUMMIT IS NOW CLOSED. PLEASE EMAIL EVENTS@CNBC.COM TO CONNECT WITH OUR AUDIENCE TEAM.
The Alliance for Lifetime Income is a non-profit 501(c)(6) educational organization based in Washington, D.C., that creates awareness and educates Americans about the value and importance of having protected lifetime income in retirement. Our vision is for a country where no American has to face the prospect of running out of money in retirement. The Alliance provides consumers and financial advisors with educational resources, interactive tools, and actionable research and insights to use in building retirement income strategies and plans. We believe annuities – one of only three sources of protected lifetime income – can be an important part of the solution for retirement security in America.
Learn more at allianceforlifetimeincome.org and ProtectedIncome.org.
Founded in 2013 in NYC, iCapital Network is the leading global financial technology company powering the world’s alternative investment marketplace. It has transformed the way the wealth management, banking, and asset management industries facilitate access to private markets investments for their high-net-worth clients by providing intuitive, end-to-end technology and service solutions. Wealth management firms use iCapital’s solutions to provide clients with quality funds at lower minimums and simplified digital workflows. Asset managers and banks leverage iCapital’s technology to streamline and scale their private investments operational infrastructure. Additionally, the iCapital ‘flagship’ platform offers financial advisors and their high-net-worth clients’ access to a curated menu of private equity, private credit, hedge funds, and other alternative investments to help meet their investing needs for return and diversification. iCapital’s research and diligence team offers robust analysis alongside the firm’s extensive suite of advisor education, compliance, portfolio management, and portfolio analytics tools and services. iCapital was recognized on the Forbes FinTech 50 list in 2018, 2019, 2020 and 2021, the Forbes America’s Best Startup Employers in 2021, and MMI/Barron’s Industry Awards as Solutions Provider of the Year in 2020. As of September 30, 2021, iCapital services more than $93 billion in global client assets across more than 819 funds. Employing more than 555 people globally, iCapital is headquartered in NYC and has offices in Zurich, London, Lisbon, Hong Kong and Singapore.
Interactive Brokers Group affiliates provide clients from over 200 countries and territories the ability to invest globally in stocks, options, futures, currencies, bonds, funds and more from a single unified platform. Clients can trade around the clock on over 150 markets and fund and trade accounts in up to 27 currencies. Interactive Brokers services financial advisors, individual investors, hedge funds, proprietary trading groups, and introducing brokers.
The company’s four decades of focus on technology and automation enables it to equip clients with a uniquely sophisticated platform to manage their investment portfolios. Interactive Brokers strives to provide clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments.
For the sixth consecutive year, BARRON’S ranked Interactive Brokers #1 with 5 out of 5 stars in its June 12, 2023, Best Online Brokers Review.
Visit us at ibkr.com/ria.
iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience and a global line-up of 900+ ETFs, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.3 trillion in assets under management as of 31 Dec 2021 and operations in 27 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com.