Tech and Wealth Management: Transformative or Disruptive?
A CFALA & CFA Institute Sponsored Event
CFA Institute is proud to sponsor this event as part of its Private Wealth Management Forums, which are meant to stimulate discussion of the likely changes to the wealth management profession in the coming 5 years.
While there is little debate over the potential of technology to transform the wealth management business, considerable discussion continues on whether technology is poised to completely upend the advisor-centric model in favor of more technology-mediated services; proponents of this vision imagine new service delivery models, new fee paradigms, and an uncertain future for traditional wealth advisors. This Forum will be styled as a debate of the resolution "Technology will disrupt the wealth management industry in the coming 5 years."
Steve Lockshin | Steve Lockshin is an entrepreneur within the wealth advisory industry. In 1994 Lockshin founded Convergent Wealth Advisors (formerly CMS Financial Services) and served as CEO for 18 years; and then Chairman from June 2012 through 2014. Under his leadership, the company became one of the largest wealth advisory firms in the industry, perennially recognized as a top Registered Investment Advisor to the ultra-affluent. Steve has been ranked #1 by Barron’s in both their state (CA) and national rankings in numerous periods. Convergent Wealth Advisors was sold to City National Bank (now NYSE:RY) in 2007.
Steve was also an influencer in the technology side of the industry. In 1995, while developing what became Convergent, Steve founded CMS Reporting; now known as Fortigent, LLC, a leading provider of outsourced wealth management and reporting solutions. Fortigent was acquired by LPL Financial Holdings, Inc. (NASDAQ:LPLA) in 2012.
Since turning over the reins as CEO of Convergent, Lockshin has focused his efforts on serving as a champion for the fiduciary standard. In September 2013, his book Get Wise to Your Advisor was published, offering investors insights on how to find a capable, “true-fiduciary” advisor.
The bulk of Lockshin’s time is spent re-imagining the industry from both a services and technology perspective, the efforts of which can be seen through his newest RIA ventures, AdvicePeriod and AdvicePeriod for Advisors, while also playing an active role at numerous FinTech ventures where he is an investor and advisor, including companies like Betterment, Quovo, Advizr, and others.
Lockshin is a frequent conference speaker at Barron’s, IMCA, the American Banker’s Association, and other industry events. He holds the Investment Management Consultants Association’s Certified Investment Management Analyst designation (CIMA) and the Investment Strategist Certificate. Back To Top ^^
Sebastian Dovey | As managing partner and co-founder of Scorpio Partnership, a firm that is a pre-eminent strategic R&D business hub of the global wealth industry, Sebastian manages the development and execution of strategic recommendations surrounding marketing, client journey, business development, brand, M&A and business efficiency in wealth companies. Starting the company in his mid-twenties Sebastian and his partners have advised companies on how to (profitably) delight them during the client journey ever since. The firm has studied the financial habits of the rich globally since 1998 and has worked with more than half of the world’s largest financial services brands among its more than 150 institutional clients. Back To Top ^^
Megan Carpenter | Megan Carpenter is CEO and Co-Founder of FiComm Partners, LLC based in Los Angeles. Megan’s professional career has been driven by her deep passion for the financial advisory community. Megan is an entrepreneur with honed expertise in communications, marketing, business development, client relationship management and team building in the wealth management industry. She has worked with hundreds of wealth management professionals empowering them by developing strategic communications programs that drive bottom line growth and improve client acquisition and retention.
Together with her team, FiComm Partners is proud to work on behalf of industry influencers and innovators, game changers, and those looking to develop a distinct voice. Megan has consulted with some of the nation’s top financial advisors and advisory firms, delivering measurable results. Prior to founding Caritative Wealth Consulting, LLC, in 2012 – the firm she merged with Founding Partner, Jason Lahita to form FiComm Partners – Megan was an executive at two of John Hancock Financial Network’s largest regional firms, Signature Resources, Inc. and Signature Financial Partners, LLC. During her time as the Director of Marketing at Signature Resources, Inc., the firm was awarded the John Hancock’s Presidents Trophy 3-times and, under her supervision as the Director of Business Development at Signature Financial Partners, LLC the firm was awarded with the John Hancock Growth Award 3-times for greater than 15% growth.
Megan graduated from the University of Southern California with a B.S. in Business Administration, with an emphasis in Global Management. She is a proud supporter of the USC Alumni Association, the USC Marshall School of Business Scholarship Fund, and the American Red Cross. Back To Top ^^
$25 (Members) | $35 (Non-Member Students) | $50 (Non-Members)
Valet Parking: $19
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CFA Society of Los Angeles, 520 S. Grand Ave, Suite 655, Los Angeles CA 90071.
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Cancellations must be received in writing by 9:00 am the day prior to the event to receive a refund. No phone cancellations are accepted. Please fax to the CFALA office at (213) 613-1233 or e-mail firstname.lastname@example.org. Member “no-shows” will be billed the difference between the member fee and the non-member fee for the event which is posted on the CFALA website.
Yves-Marc Courtines, CFA and Thomas Mahoney, CFA, CAIA
|As a participant in the CFA Institute Approved-Provider Program, the CFA Society of Los Angeles has determined that this program qualifies for 1.5 credit hours. If you are a CFA Institute member, CE credit for your participation in this program will be automatically recorded in your CE Diary.|