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Financial Advisor Summit

Navigating Uncertainty

The economy is at a critical juncture in its pandemic recovery. Inflation that’s running at its highest level in 40 years, coupled with the promise of aggressive, ongoing interest rate hikes, has created some real craters in the overall market. Meanwhile, escalating geopolitical tensions hint that the next Cold War will be primarily fought on the economic front. How can advisors help their clients navigate these headwinds? Is a recession on the horizon? Where can investors find some sense of clarity?

CNBC’s Financial Advisor Summit virtually convenes forward-thinking advisors to hear from industry heavyweights with insight into all of this and more.

This event is eligible for CFP CE credits.

To read more about CNBC’s list of top-rated financial advisory firms, visit us here.

Speakers

Kyle Bass

J. Kyle Bass is the Founder and Chief Investment Officer of Hayman Capital Management, an investment manager of private funds focused on global event-driven opportunities. He is also the Co-Founder and Chief Executive Officer of Conservation Equity Management, an environmental sustainability private equity firm founded in 2021.

Mr. Bass is a founding member of the Committee on the Present Danger: China. Mr. Bass was the recipient of the 2019 Foreign Policy Association Medal for his responsible internationalism and is a current member of the Council on Foreign Relations. Mr. Bass has testified as an expert witness before the U.S. House of Representatives, U.S. Senate, and the Financial Crisis Inquiry Commission.

In 2015, Bass was recognized as one of the Top 25 Most Influential People in the Global Patent Market as named by Intellectual Asset Management magazine. Mr. Bass has lectured on global economics at various universities, including Columbia, Harvard, Stanford, UC Berkeley, University of Chicago, University of Texas, and the University of Virginia. Mr. Bass is the former Chair of the Risk Committee of the Board of Directors of the University of Texas Investment Management Company (UTIMCO), which manages approximately $50 billion.

Before forming Hayman, Mr. Bass was a Managing Director at Legg Mason and a Senior Managing Director at Bear Stearns. He graduated from Texas Christian University with a degree in finance. Mr. Bass serves on the board of the Texas Department of Public Safety Foundation and Melinda’s Foods.

Nancy Davis

Nancy Davis founded Quadratic Capital in 2013. She is the portfolio manager for The Quadratic Interest Rate Volatility and Inflation Hedge ETF (NYSE Ticker: IVOL) and The Quadratic Deflation ETF (NYSE Ticker: BNDD). Both funds are long fixed income volatility.

Nancy has been the recipient of numerous industry recognitions. Barron’s named her to their inaugural list of the "100 Most Influential Women in U.S. Finance." Institutional Investor called her a "Rising Star of Hedge Funds." The Hedge Fund Journal tapped her as one of "Tomorrow's Titans."

Nancy began her career at Goldman Sachs where she spent nearly a decade, the last seven with the proprietary trading group where she rose to become the Head of Credit, Derivatives and OTC Trading. Prior to founding Quadratic Capital Management, she served as a portfolio manager at Highbridge Capital Management.

Naftali Holtz

Naftali Holtz is Chief Financial Officer for the Royal Caribbean Group. He is responsible for overseeing the company’s financial planning and analysis, corporate strategy, treasury, corporate tax, investor relations, investments, internal audit, accounting and financial reporting.

In his previous role, Holtz was senior vice president of finance, responsible for financial planning and analysis, risk management and treasury.

Holtz worked with Goldman Sachs as a managing director and head of lodging and leisure investment banking before joining Royal Caribbean Group in 2019. Prior to that, he served as an officer in the Israeli Air Force. He holds a bachelor of science in computer science and economics from Tel Aviv University and an MBA from the University of Chicago Booth School of Business.

Lynn Martin

Lynn Martin is President of NYSE Group, which includes the New York Stock Exchange, the world’s largest stock market.

Martin is the 68th President of the New York Stock Exchange and the second woman to lead the exchange in its 229-year history. The NYSE, the premier venue for capital raising, is the listing home to 2,400 of the world’s most influential and innovative companies.
In addition to the exchange, NYSE Group includes four fully electronic equity markets, including NYSE Arca, the industry leader in ETFs, and two options exchanges.

Martin is also Chair of Fixed Income & Data Services at Intercontinental Exchange, Inc. (NYSE: ICE), the parent of NYSE Group. Most recently, she was President of that business, responsible for ICE Bonds execution venues, securities pricing and analytics, reference data, indices, desktop solutions, consolidated feeds and connectivity services that cover all major asset classes.

She previously served as President of ICE Data Services, COO of ICE Clear U.S., and in a number of leadership roles including CEO of NYSE Liffe U.S. and CEO of New York Portfolio Clearing. Martin began her career at IBM in its Global Services organization.

Martin holds a BS in Computer Science from Manhattan College and an MA in Statistics from Columbia University. She serves on the Manhattan College Board of Trustees as well as the Advisory Board of the School of Science and is a member of the Phi Beta Kappa National Honor Society.

Richard McPhail

Richard McPhail serves as executive vice president and chief financial officer of The Home Depot and is responsible for managing the company’s financial performance, as well as capital allocation, investor relations, tax, treasury, corporate strategy and strategic business development.

Richard joined The Home Depot in 2005 and has served in senior roles in strategic planning, financial planning, business development, real estate, international financial management and as the primary finance partner to all main commercial functions.

Previously, Richard was executive vice president of corporate finance with Marconi Corporation in England. He also held positions with Wachovia Securities and Arthur Andersen.

Richard serves on the executive committee of the Metro Atlanta Chamber and is a member of the board of trustees of Odyssey Atlanta, Zoo Atlanta and The Westminster Schools. He earned bachelor’s degrees in economics and in business management from North Carolina State University and a master’s degree in business administration from the Fuqua School of Business at Duke University.

Sébastien Page

Sébastien Page is Head of Global Multi-Asset and Chief Investment Officer. He oversees a team of investment professionals dedicated to actively managing a broad set of multi-asset portfolios representing more than $456 billion in assets, including the firm’s target date franchise. He is a member of the Asset Allocation Committee, which is responsible for tactical investment decisions across asset allocation portfolios, and a member of the Management Committee of T. Rowe Price Group, Inc.

Sébastien’s investment experience began in 2000, and he has been with T. Rowe Price since 2015. Prior to this, Sébastien was employed by PIMCO as an executive vice president where he led a team focused on research and development of multi-asset solutions. Prior to joining PIMCO in 2010, he was employed by State Street Global Markets as a senior managing director.

Sébastien earned a Master of Science degree in finance and a bachelor’s degree in business administration from Sherbrooke University in Quebec, Canada. He also has earned the Chartered Financial Analyst® designation.

Sébastien coauthored award-winning research papers for The Journal of Portfolio Management in 2003, 2010, 2011 and 2022 and the Financial Analysts Journal in 2010 and 2014. He is the author of the book “Beyond Diversification: What Every Investor Needs to Know About Asset Allocation” (McGraw Hill, 2020) and the coauthor of the book “Factor Investing and Asset Allocation” (CFA Institute Research Foundation®, 2016). Sébastien is a member of the editorial board of the Journal of Portfolio Management and the Financial Analysts Journal, and he is a member of the Research Committee of the Institute for Quantitative Research in Finance (Q Group). He regularly appears in the financial media, including Bloomberg TV and CNBC and was recently named amongst the 15 Top Voices in Finance for 2022 by LinkedIn.

AGENDA

*Agenda subject to change

10:30am

Welcome

Tyler Mathisen, CNBC “Power Lunch” Co-Anchor & Vice President, Events Strategy 

The View from Wall and Broad 

Whether it’s a bull market or a bear market, a fair, well-regulated exchange is an essential. And in today’s market, technology is a critical part of the infrastructure. No surprise, then, that the New York Stock Exchange chose a person with deep technology experience as its 68th President.  

Lynn Martin leads off the FA Summit with a discussion of the latest issues facing market regulators, from the SPAC slowdown, to ESG, to global listings, to cryptocurrency and more.  

Lynn Martin, New York Stock Exchange President

A global rethink

Geopolitics are as much to blame for high inflation as high consumer demand, with China’s persistent Covid lockdowns impacting global supply chains, and Russia’s invasion of Ukraine keeping upward pressure on oil and gas prices. The situation has some market watchers wondering if a two-decade era of globalization is coming to an end. Longtime China critic Kyle Bass disagrees globalization is over, but he’s doubled down on a belief that investing in countries run by dictators is never a good idea.  

Kyle Bass, Hayman Capital Management Founder & CIO

THE GREAT INFLATION SQUEEZE

The Fed has reacted to rapidly surging inflation by tightening policy, but higher prices persist, and higher interest rates and lower stock prices can have their own negative effects on portfolios. We break down the impact of higher prices on long-term planning, and how to help clients keep their goals on track.  

Rebalancing for the second half

Putting it all together, a panel of leading portfolio-builders sets the stage for the next six months, with advice on how advisors can position their clients for continued market volatility, rising interest rates, and a possible recession.

BREAKOUT SESSIONS

CNBC MILLIONAIRE SURVEY RESULTS

Consumers Keep Spending, But for How Long?

One of the root causes of high inflation has been insatiable demand from post-pandemic consumers, many who are flush with cash and eager to spend it. We hear about the strength of the consumer, and how long the strength will last, from two members of CNBC’s CFO Council whose companies are benefiting from it.   

Naftali Holtz, Royal Caribbean Group CFO
Richard McPhail, The Home Depot CFO & EVP

1:45pm

Break

4:15pm

Program Resumes

5:15pm

Program Concludes

REGISTRATION

If your firm has been featured on the CNBC FA100 list, please email us at events@cnbc.com.

 

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