SF Estate & PFP Committee: Active vs Passive Investing - A Debate (L2211109)

REGISTRATION STATUS: Online Registration for this event is closed. Please contact your Program Associate or Customer Services.

As CPAs we are approached all the time by investment professionals expounding on the upside potential of their investment strategy. Active is the best! Passive is the best! And when explained separately, each strategy sounds so logical and makes so much sense. How can that be?

This program will put both professionals in the room at the same time to debate the issue head to head. Promoting active investing will be Karl O. Mills, President, Jurika Mills & Keifer; the passive investing rationale will be presented by Scott Whitcher, Managing Director, Stone & Youngberg LLC. Each side will get:

15 minutes to describe the benefits of their investment strategy;

5 minutes to address what the other has said;

5 minutes for rebuttal.

The best part is that the remaining 45 minutes of the program will be left open for the moderator to ask questions of the speakers. Please email the questions you would like to ask 2 weeks ahead of time so our moderator can compile the questions YOU want answered. Send them to: Jane Dunbar or call (650) 802-2465.

Date:	Thursday, November 19, 2009
Time:	12:00pm - 2:00pm (Registration at 11:30am)
Facility:	San Francisco Foundation, San Francisco
Area:	San Francisco
CPE Credit:	2.0 CPE (Continuing Professional Education)
Instructors:	Scott Whitcher / Karl O. Mills CFA
NASBA Subject Area:	Management Advisory Services
Delivery:	Group Live
Course Level:	Update
Fee:	Complimentary

Objectives:

Gain a better understanding of the pros and cons of these investment strategies.

Major Topics:

The case for passive investment management:

The investment business is noisy, noisy, noisy

The facts speak for themselves - traditional active management underperforms

Newer passive instruments have empowered investors

The passive approach is the common sense approach.

The case for active investment management:

Markets may be efficient, but investors are not.

The history of markets is a history of boom and bust cycles.

Many financial products and advice are designed looking in the rear-view mirror.

The future is unlikely to resemble the over levered, consumer driven past market expansion.

With the limits of Modern Portfolio Theory, the active approach trumps "autopilot."

Designed for:

CPAs, attorneys and financial professionals who either need to understand the difference or advise their clients about the active vs. passive investment strategies.

Prerequisite:

None

Advanced Preparation:

None

Note:

This event is being graciously hosted by the San Francisco Foundation and there is no charge to attend. A sandwich lunch will be provided.