Protecting Fiduciaries and Clients from Investment Fraud Out of Stock
IT’S MIDNIGHT! DO YOU KNOW WHERE YOUR CLIENT’S INVESTMENTS ARE?
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May 2017
Protecting Fiduciaries and Clients from Investment Fraud - IT’S MIDNIGHT! DO YOU KNOW WHERE YOUR CLIENT’S INVESTMENTS ARE? -
Program Description:
A good financial advisor/client relationship is invaluable. Most advisors treat their clients fairly. They provide solid advice that leads to good returns, and they are rewarded with referrals from satisfied clients. But too often,unfortunately, fiduciaries and clients are victims of fraud and abuse.
Preventing fraud before it happens is the best strategy. Arm yourself with the best information by attending this program! Find out about a trustee’s duty to delegate the investment function prudently, and get real-life examples of investment fraud and exploitation. Learn how best to vet your financial advisor, and finally discover their compensation system!
Get all this and much more by registering now!
Agenda:
8:30am
Registration and Continental Breakfast
9:00am
Welcome and Introduction
9:10am
A Trustee’s Duty to Delegate the Investment Function Prudently and Intelligently!
- This includes selecting the investment advisor. Colo.Rev.Stat. § 15-1.1-109
- History of Uniform Prudent Investor Act, and predecessor law which did not permit delegation in investment selections
10:00am
Networking Break
10:10am
Examples of Investment Fraud and Exploitation
(Both Vulnerable and Sophisticated People Get Taken!)
11:00am
History of Securities Trading and Platforms and How Securities Should be Held
- How are securities properly held?
- How are securities properly traded?
- “Street Name” and alternatives
11:50am
Lunch on Your Own
1:00pm
Choices in Financial Advisors
- Full service broker dealers
- Independent broker dealers
- Registered investment advisors
- Trust companies
- “Robo advisors”
- Which are proper for fiduciaries and various types of investors?
1:30pm
How to Vet Your Financial Advisor
Practical Tips for Your Clients
2:20pm
Networking Break
2:30pm
Types of Securities Licenses
- Series 6
- Series 7
- Series 66
- Dual licenses
3:00pm
Advisor Compensation Systems
- Commission-based
- Fee-based – may be based on value of account, on purchase and/or sale of investment product, or on class of investment product, or may be a flat fee
3:30pm
What Do All These Letters Mean?
- CFP
- CFA
- CLU
- RIA
- Other credentials
4:00pm
Alternative Investments--Buyer Beware!
- Private investment partnership and “sophisticated investor” exceptions to securities laws
- Hedge funds (some of them)
- Conflicts of interest (real or perceived)
- Failure to diversify
- Red flags
- Affinity fraud
- Promises of unrealistic returns
- Repeal of “fiduciary rule” for investment advisors
4:50pm
Q&A Panel
Members of the Faculty
5:00pm
Adjourn
- CLE Pass Price *FREE! - exclusions may apply
- Standard Price $369.00 USD
- Member Price $339.00 USD
- General Credits 7.00
- Ethics Credits 0.00
- EDI Credits