June 29, 2021
CNBC Financial Advisor Summit: The Innovative Advisor
The CNBC Financial Advisor Summit brings together forward-thinking advisors 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. The mid-year virtual conference will feature discussions on how to leverage the firm’s succession plan as a marketing strategy; how to bolster the firm’s cyber defenses; and how to recruit and train the next generation of great financial advisors. Plus the latest on the markets and the economy from CNBC’s signature guest speakers.
This event has been approved for 3.5 CFP continuing education credits.
To read more about CNBC’s list of top-rated financial advisory firms, visit us here.
Rupal Bhansali is chief investment officer and portfolio manager of Ariel’s international and global equity strategies. In this capacity, she oversees our global research effort and manages multi-billion dollar portfolios. She also co-manages our global concentrated strategy. Rupal joined Ariel in 2011 after 10 years with MacKay Shields where she was senior managing director, portfolio manager and head of international equities. Previously, she spent 5 years at Oppenheimer Capital, where she was responsible for international and global equity portfolios and was promoted to co-head of international equities. Additionally, Rupal has held various roles at other financial services firms since she began her career in 1989, including Soros Fund Management. In 2009, Forbes International Investment Report named her a “Global Guru,” in 2015, Barron’s recognized her as a “Global Contrarian,” and in 2017 PBS’s Consuelo Mack referred to her as an “unconventional thinker.” In January 2019, Rupal became the newest member of the prestigious Barron’s Investment Roundtable, which showcases “10 of Wall Street’s smartest investors.” She is a frequent guest on Bloomberg, CNBC and Fox Business News, and authored the book, Non-Consensus Investing: Being Right When Everyone Else Is Wrong. In 2020, Rupal obtained the FSA credential, awarded by the Sustainable Accounting Standards Board (SASB) for professionals who understand the link between sustainability and financial performance. Rupal serves on the Advisory Board of Directors of the Ira M. Millstein Center for Global Markets and Corporate Ownership at Columbia Law School, and the Board of Directors of the 100 Women in Finance Global Association. Fluent in several Indian languages including Hindi, Rupal earned a Bachelor of Commerce in accounting and finance, as well as a Master of Commerce in international finance and banking from the University of Mumbai. She later earned an MBA in finance from the University of Rochester, where she was a Rotary Foundation Scholar.
At the end of 1991, following 25 years of service, Leon Cooperman retired from his positions as a General Partner of Goldman Sachs & Co. and as Chairman and Chief Executive Officer of Goldman Sachs Asset Management to organize and launch an investment-management business, Omega Advisors, Inc.
At Goldman Sachs, Cooperman spent 15 years as a Partner and one year (1990-1991) as of-counsel to the Management Committee. In 1989, he became Chairman and Chief Executive Officer of Goldman Sachs Asset Management and Chief Investment Officer of the firm's equity product line, managing the GS Capital Growth Fund, an open-end mutual fund, for one-and-a-half years. Prior to those appointments, Cooperman had spent 22 years in the Investment Research Department as Partner-in-charge, Co-Chairman of the Investment Policy Committee and Chairman of the Stock Selection Committee. For nine consecutive years, he was voted the number- one portfolio strategist in Institutional Investor Magazine's annual "All-America Research Team" survey.
As a designated Chartered Financial Analyst, Cooperman is a senior member and past President of the New York Society of Security Analysts. He is Chairman Emeritus of the Saint Barnabas Development Foundation, a member of the Board of Overseers of the Columbia University Graduate School of Business, a member of the Board of Directors of the Damon Runyon Cancer Research Foundation, a member of the Investment Committee of the New Jersey Performing Arts Center, and Board Chairman of Green Spaces, a committee organized to rebuild 13 parks in Newark, NJ.
Cooperman received his MBA from Columbia Business School and his undergraduate degree from Hunter College. He is a recipient of Roger Williams University's Honorary Doctor of Finance; a recipient of Hunter College's Honorary Doctor of Humane Letters; an inductee into Hunter College's Hall of Fame; and a recipient of the 2003 American Jewish Committee (AJC) Wall Street Human Relations Award, the 2006 Seton Hall Humanitarian of the Year Award, the 2009 Boys & Girls Clubs of Newark Award for Caring, and the 2009 UJA-Federation of New York's Wall Street and Financial Services Division Lifetime Achievement Award. In 2013, Cooperman was inducted into Alpha Magazine's Hedge Fund Hall of Fame and was honored by the AJC at their 50th anniversary with the Herbert H. Lehman Award for his professional achievements, philanthropic efforts, and longstanding support for AJC. In 2014, Columbia Business School awarded Lee its Distinguished Leadership in Business Award, and Bloomberg Markets named him to its fourth annual "50 Most Influential" list (one of only ten money managers globally to be so honored, selected "based on what they're doing now, rather than past achievements"). He was inducted into the Horatio Alger Association in April 2015.
Cooperman and his wife, Toby, have two sons and three grandchildren.
With 47 years of experience, Tim Kochis has long been recognized as one of the key leaders of the wealth management industry, both within the US and overseas. He is the inaugural recipient of the Charles Schwab IMPACT Award, the FPA’s Kemp Fain Award, the Veres Leadership Award, and several others. He is a member of the Estate Planning Hall of Fame and the University of California, Berkeley confers an annual award for Teaching Excellence in his name.
Tim is the former CEO and Chairman of Aspiriant, one of the industry's largest and most admired firms, He led the wealth management practices at Bank of America and at Deloitte through the 1980’s before co-founding Kochis Fitz in 1991. Kochis Fitz merged with Quintile in 2008 to form Aspiriant, in one of the RIA industry’s most strategic M&A transactions. Throughout those organizations, Tim worked with thousands of clients, with a special focus on senior corporate executives. Tim now provides training and mentoring and strategic consulting for wealth management firms around the world and writes and speaks extensively in the US and overseas. In the US, as a Special Advisor to the DeVoe & Co. organization, he focuses heavily on issues of management and equity succession for RIA firms. He is the author of many professional articles and several books: 2 editions of Wealth Management; Success & Succession; 2 editions of Managing Concentrated Stock Wealth; and Wealth Management for China’s New Elite.
Tim was also a co-founder of the Personal Financial Planning Program at the University of California, Berkeley, where he has taught for many years. He has been very active within industry organizations, globally, having chaired the CFP Board, the Foundation for Financial Planning, and the international certification authority, the Financial Planning Standards Board.
Tim has an MBA from the University of Chicago, a JD from the University of Michigan, and a Bachelor of Arts degree from Marquette University. He served in the US Army during the Vietnam era and received a Purple Heart for wounds received in action.
Cynthia Lummis was sworn into the United States Senate on January 3, 2021, becoming the first woman to serve as United States Senator from the great State of Wyoming.
Born on a cattle ranch in Laramie County, Senator Lummis has spent her entire career fighting for Wyoming families, communities, businesses and values. From the halls of the Wyoming House to the halls of the U.S. House, her time in public service has always been focused on advocating for Wyoming’s future.
First elected to the U.S. House in 2008, Senator Lummis quickly earned her reputation as a no-nonsense conservative and principled policymaker. She was a founding member of the House Freedom Caucus, a group consisting of the most unflinching conservative Members of the House of Representatives. She fought throughout her tenure in Congress to rein in spending and reduce the federal deficit, working with the bipartisan Committee for a Responsible Federal Budget and ultimately co-sponsoring several bipartisan budget proposals.
In the House of Representatives, Senator Lummis effectively elevated western issues, pushing through the first Interior and Environment (EPA) Appropriations bill to pass the House in seven years under her chairmanship. This marked a significant milestone for the Western Caucus and the rural communities across the West they represent. She also worked to keep public lands open to the public and available for multiple use. She successfully passed the National Forest System Trails Stewardship Act in 2016, a bipartisan effort led by Cynthia to maintain over 157,000 miles of trails within our national forests.
Senator Lummis is a dedicated champion of Wyoming’s mineral and energy resources. In Washington, she fought off attacks from the environmental left while advocating for market opportunities both at home and abroad. She is the proud godmother of the ANSAC Wyoming, a commercial shipping vessel transporting trona from the U.S. to Southeast Asia and is the recipient of the lifetime achievement award from the Washington Coal Club.
Prior to serving in the House of Representatives, Senator Lummis spent eight years as Wyoming State Treasurer and 14 years as a member of the Wyoming State House and Senate. She also worked as general counsel to Wyoming Governor Jim Geringer and Director of the Office of State Lands and Investments, as well as a law clerk at the Wyoming Supreme Court.
After departing U.S. House of Representatives in 2016, Senator Lummis operated her family’s cattle ranches, and the Sweetgrass development in Laramie County, with her brother and sister. She is a three-time graduate of the University of Wyoming in animal science, biology and law. She and her late-husband, Al Wiederspahn, have one daughter, Annaliese, son-in-law Will Cole and grandsons Gus and Al.
11:00am ET - 3:00pm ET
Less than six months into her first term as a U.S. Senator, Wyoming Republican Cynthia Lummis has taken up the cause of creating a more inclusive financial system through digital transformation, founding the Bipartisan Financial Innovation Caucus last month with her Democratic colleague Kristen Sinema of Arizona. Senator Lummis leads off our summit in a wide-ranging conversation about bringing financial regulation up to the speed of financial change, from the use of artificial intelligence and machine learning in banking, to the regulation of cryptocurrencies.
Senator Cynthia Lummis (R-WY)
With more than 50 years on Wall Street, and a stellar and consistent track record, few can match the wisdom and market intelligence of Leon Cooperman. He’s been known in more recent years as a vocal advocate for wealth creation and philanthropy, and sometimes sparring with DC regulators and lawmakers. Hear his latest unabashed and uncensored views on the market opportunities, the economy, taxes, the national debt, and more.
Leon Cooperman, Omega Advisors Chairman and CEO
Interviewer: Becky Quick, CNBC “Squawk Box” Co-Anchor
Securing the next generation’s wealth will require a new crop of financial advisors. In this session, we discuss ways to attract a new, more diverse group of young people to the financial advisor profession, how to grow and diversity the market for financial planning and advice, and how to build investment plans that fit the financial needs and evolving goals of the younger generations.
Carla Harris, Morgan Stanley Vice Chairman of Wealth Management and Senior Client Advisor
Timothy Gerend, Northwestern Mutual Chief Distribution Officer
Moderator: Sharon Epperson, CNBC Personal Finance Correspondent
As the average age of financial advisors continues to climb, hundreds of firms face uncertain futures, and no client wants to stay with a firm that might not outlive its current owners. Tim Kochis, a leading expert on succession planning, joins Mark Pitre of California Financial Advisors, a CNBC FA 100 firm that has leveraged succession planning to grow its practice, to discuss the big opportunity to acquire new clients, keep the current clients happy, all while setting your firm on a course for lasting success.
Tim Kochis, DeVoe & Company Special Advisor
Mark Pitre, California Financial Advisors Principal
Moderator: Darla Mercado, CNBC.com Markets Editor
Inflation presents challenges for investors. Even if investments are growing in value, inflation will reduce that value on the back end. Inflation fears have unsettled financial markets and raised concerns that it could weaken the economic recovery from the pandemic recession. Investors now find themselves scrambling for solutions as they seek an inflation hedge to protect their portfolios from the emerging threat. This session looks at investment strategies that will give the investor a return greater than the current rate of inflation.
Winnie Sun, Sun Group Wealth Partners Co-founder and Managing Director
Lee Baker, Apex Financial Services Owner and President
Moderator: Jim Pavia, CNBC Money Editor
Sponsored and programmed by Build America Mutual
U.S. municipal bonds are increasingly recognized by investors globally because they offer a unique combination of low risk returns and environmental and social impact. The volume of labelled green, sustainability, and social impact bonds sold by municipal issuers has grown steadily in recent years. This session will discuss impact-driven accounts and offer practical advice for how your clients can add exposure to their portfolios.
Michael Kashani, Goldman Sachs Asset Management Global Head of ESG Portfolio Management
Laura Levenstein, Build America Mutual Chief Risk Officer
Moderator: Jen Rogers, Financial Reporter
Sponsored and programmed by Global X ETFs
Thematic ETFs grew nearly 5-fold during the pandemic. Experts discuss the growth of thematic investing, ways to incorporate themes in portfolios, and take a look at which ones are most promising in 2021.
Anna Ginzburg, CFA, Bank of America Director, Portfolio Manager
Chris Konstantinos, CFA, Riverfront Investment Group Director of Investments
Moderator: Jay Jacobs, CFA, Global X ETFs SVP, Head of Research & Strategy
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 examine how technology can help assess risk, reduce overhead and commissions, and enhance trading capabilities. This discussion will focus on the importance of best execution in wealth management.
Frank A. Magnani, Interactive Brokers Global Institutional Sales- RIAs, Hedge Funds, Broker Dealers
John C. Seeberg, Interactive Brokers Investment Advisor and Prime Brokerage Platform Solutions
Moderator: Rhonda Schaffler, Business Anchor
Sponsored and programmed by T. Rowe Price
Plan sponsors and retirement investors may have different needs and goals, presenting a challenge for advisors who need to help match clients with a target date solution. While there is no single target date option that works for everyone, understanding the glide path design considerations and ways to select a target date solution will help deliver on client needs and preferences.
Andrew Jacobs van Merlen, T. Rowe Price Portfolio Manager
Wyatt Lee, T. Rowe Price Portfolio Manager
Moderator: Caroline Woods, Business Journalist
Recent mega-scale cyberattacks on the federal government and large corporations are forcing businesses of all sizes to take a hard look at their cybersecurity. FA firms, which tend to be smaller companies, can be left vulnerable and lacking expertise. In this session, leading experts on cybersecurity for advisors will explain how to ensure your firm is meeting key compliance regulations, give advice on how to shop for cyber services, and offer ideas on how to provide above-and-beyond protection for your clients and their wealth.
Brian Edelman, FCI CEO
Moderator: Jim Pavia, CNBC Money Editor
While referrals are still the best way for advisors to grow their business, prospective clients often search online or ask digital friends and communities for referrals. What are your ‘digital referrals’ saying about your business? Not just the reviews you gather but also your website and social presence. Join us as we discuss the changes in the SEC regulations over the last couple of months and the best way to use your digital presence to maintain and grow your business and the importance of ‘social proof’ in driving your business growth.
Samantha Russell, FMG Suite Chief Evangelist
Interviewer: Tyler Mathisen, CNBC “Power Lunch” Co-Anchor & Vice President, Events Strategy
A pending economic boom, easy policy from the Federal Reserve, and the promise of more government spending is creating opportunity for some previously unloved sectors like energy and financials. Ariel Investments’ Rupal Bhansali, a legendary contrarian known for her unconventional thinking, shares where she’s finding value in 2021.
Rupal Bhansali, Ariel Investments Chief Investment Officer and Portfolio Manager, International & Global Equities and Co-Portfolio Manager, Ariel Global Concentrated
Interviewer: Sara Eisen, CNBC “Closing Bell” Co-Anchor
CNBC’s annual stock-picking competition pits market professionals, athletes and celebrities against each other. The winner is the player whose two stocks have the highest average price appreciation between the closing price on April 29, 2021 and the close on February 11, 2022. In this special session, we check the scoreboard two months into the competition, and hear from a few of the participants about the strategy behind their picks and their overall investment philosophies that drove their decisions.
Josh Richards, Social Media Influencer, Serial Entrepreneur and Animal Capital Operating Partner
Maria Ho, Professional Poker Player and Broadcaster
Tim Seymour, Seymour Asset Management Founder and CEO
Interviewer: Tyler Mathisen, CNBC “Power Lunch” Co-Anchor & Vice President, Events Strategy
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.
Featured Guests:
Brian Edelman, FCI CEO
Jim Pavia, CNBC Money Editor
Featured Guest:
Samantha Russell, FMG Suite Chief Evangelist
Featured Guests:
Rupal Bhansali, Ariel Investments Chief Investment Officer and Portfolio Manager, International & Global Equities and Co-Portfolio Manager, Ariel Global Concentrated
Bob Pisani, CNBC Senior Markets Correspondent
Featured Guests:
Winnie Sun, Sun Group Wealth Partners Co-founder and Managing Director
Lee Baker, Apex Financial Services Owner and President
Have intimate and unique exposure to the most influential players and firms in the FA community
Hear from top financial leaders, and network and exchange notes with the nation's top FAs
We're convening the premier FAs to leverage and share their expertise and inspire the community
Registration for the CNBC Financial Advisor Summit is now closed. Please reach out to events@cnbc.com if you have any questions.
Build America Mutual is the only bond insurer that solely guarantees timely payment of interest and principal on U.S. municipal bonds, and has insured more than $115 billion of financing for essential public projects in more than 5,000 communities nationwide. BAM is rated AA/Stable by S&P Global Ratings, and the BAM GreenStar assessment provides an independent, third- party verification of a transaction’s green bond status. Learn more at www.buildamerica.com.
Global X ETFs was founded in 2008. For more than a decade, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features over 90 ETF strategies and approximately $40 billion in assets under management. While we are distinguished for our Thematic Growth, Income and International Access ETFs, we also offer Core, Commodity, and Alpha funds to suit a wide range of investment objectives. Explore our ETFs, research and insights, and more at www.globalxetfs.com.
Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities, and foreign exchange around the clock on over 150 markets in 33 countries and 25 currencies, from a single unified platform to clients worldwide.
We service financial advisors, individual investors, hedge funds, proprietary trading groups, and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios.
We strive to provide our 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 fifth consecutive year, BARRON’S ranked Interactive Brokers #1 with 5 out of 5 stars in its March 25, 2022, Best Online Brokers Review.
Visit us at https://www.interactivebrokers.com/mkt/?src=cnbc615a&url=%2Fen%2Faccounts%2Fadvisor.php
INVEST WITH CONFIDENCE®
T. Rowe Price is an asset management firm focused on delivering global investment management excellence and retirement services that investors can rely on — now, and over the long term. Visit www.troweprice.com/advisor.
Chairman Clayton was born at Fort Eustis in Newport News, Virginia and was raised primarily in central and southeastern Pennsylvania. In his professional career, he has lived in Philadelphia, New York, London, and Washington, D.C.
Prior to joining the Commission, Chairman Clayton was a partner at Sullivan & Cromwell LLP, where he was a member of the firm's Management Committee and co-head of the firm's corporate practice. From 2009 to 2017, Chairman Clayton was a Lecturer in Law and Adjunct Professor at the University of Pennsylvania Law School.
Prior to joining Sullivan & Cromwell, Chairman Clayton served as a law clerk for the Honorable Marvin Katz of the U.S. District Court for the Eastern District of Pennsylvania. A member of the New York and Washington, D.C. bars, Chairman Clayton earned a B.S. in Engineering from the University of Pennsylvania (summa cum laude), a B.A. and M.A. in Economics from the University of Cambridge (Thouron Scholar), and a J.D. from the University of Pennsylvania Law School (cum laude, Order of the Coif).
Josh Brown is the CEO of Ritholtz Wealth Management, a New York City-based investment advisory firm where he helps people invest for the future.
He has been named by The Wall Street Journal, Barron’s and TIME Magazine as the most important financial follow on Twitter. Josh’s blog, The Reformed Broker, is read by millions of investors, traders and advisors around the world. He is also the author of the books “Backstage Wall Street” and “Clash of the Financial Pundits.” His investment advisory firm, based in New York City, is focused on financial planning, retirement solutions, and institutional asset management.
Winnie Sun is Managing Partner of Sun Group Wealth Partners, and is one of the most trusted and followed financial voices on social media. Her trending business tweetchat averages over 150 MM impressions per week on Twitter.
With more than 20 years of experience in the financial services industry, Winnie serves on the CNBC Financial Advisor Council, is a popular Forbes contributor, is a regular Good Day Los Angeles, Fox News and Digital Trends television contributor.
She is frequently quoted in publications including The Wall Street Journal, CNBC, ABC, The New York Times, Yahoo! Finance, AOL Finance, and many others.
Winnie was previously First Vice President of Wealth Management, Senior Investment Management Specialist and Lead Advisor for the Sun Group at Morgan Stanley Smith Barney.
She serves as the host of LevelUp With Winnie, which airs on NASDAQ (8MM MUV), Amazon FIRE TV, and Roku, executive producer and host of ModernMom Mondays LIVE for Modern Mom (1.6MM MUV) and hosts a daily weekday livestream show on Twitter, Facebook, LinkedIn, Twitch, and YouTube.
Mona is Senior Director, Head of Environmental, Social, and Governance (ESG) Product Strategy, North America at S&P Dow Jones Indices (S&P DJI). In this role, Mona leads the strategy for developing ESG indices for the North American market, from best-in-class approaches like the world-renowned Dow Jones Sustainability Index, to broad-market ESG alternatives and core solutions like the S&P 500® ESG Index. She also serves as the global spokesperson for S&P DJI’s ESG Indices, educating the market on the values of ESG investing and our industry-leading ESG lineup.
Prior to joining S&P DJI, Mona was Director at Trucost (part of S&P Global) and advised some of North America’s biggest institutional investors on low-carbon and fossil fuel free strategies, energy transition alignment, and meeting the recommendations of the TCFD for investors. Mona also led the North American presence of the 2° Investing Initiative, a prominent sustainable finance think tank focused on aligning the finance sector with climate goals. In addition, Mona served as an advisor to the Obama Administration on climate and energy policy and worked for several years as an economist at the UK’s Bank of England. Mona also ran for public office in UK local government elections of 2010 and 2014 and devised the local Liberal Democrat party’s communication strategy around education and the environment.
Mona graduated Summa Cum Laude with a Bachelor of Science degree (with honors) in Government and Economics (double major) from the London School of Economics and Political Science (LSE). She is an experienced public speaker and regular market commentator on sustainable finance issues, with published works on topics as diverse as disruptive technologies to the problem of “short-termism” in mainstream finance. She is a recipient of the FiNext Excellence in Finance Leadership Award 2019 and was a shortlisted nominee for the Women in Asset Management Awards in the Index Category of 2019.
