An Extraordinary Fireside Chat: Nobel Laureate Dr. William F. Sharpe on the Future of Financial Advice

Wednesday, 4:00 pm - 7:00 pm
Location: Shutters on the Beach
1 Pico Blvd.
Santa Moncia, CA 90405

Thomas Mahoney, CFA, CAIA — Private Wealth Advisor - UBS Private Wealth Management

Dr. William F. Sharpe — Nobel Laureate


4:00 pm - 4:30 pm: Registration/Networking
4:30 pm - 6:00 pm: Fireside Chat
6:00 pm - 7:00 pm: Networking/Cocktails

Dress: Business Casual
Add to Calendar 06/01/2022 4:00 PM 06/01/2022 7:00 PM America/Los_Angeles An Extraordinary Fireside Chat: Nobel Laureate William F. Sharpe on the Future of Financial AdviceShutters on the Beach CFALA false MM/DD/YYYY

A Wealth Management Advisory Council and Wealth Management League Sponsored Event


Nobel Prize–winning economist Dr. William Sharpe has spent most of his career thinking about risk, having developed the Capital Asset Pricing Model for gauging systemic risk and the Sharpe ratio, which measures risk-adjusted return. Dr. Sharpe has since turned his attention to what may be the biggest risk of all for investors—running out of money in retirement. He created a computer program that covers 100,000 retirement-income scenarios based on different combinations of life spans and investment returns for a retired couple. What he calls “the nastiest, most difficult problem in finance” is knowing how to balance having enough income to meet investors’ current needs and wants and having enough to get them through their lifetime. In this fireside chat, he will share a few ideas for how retirees can better manage this risk, as well what he believes are best practices for financial advisors and investors and what the ideal future of financial advice and investing will look like. Absolutely not to be missed. Seating is limited so reserve as soon as possible.


Thomas Mahoney, CFA, CAIA | Tom is a private wealth advisor with UBS Private Wealth Management, which is a division of the firm serving ultra-high net worth investors. In addition to his over 35 years of experience in advising investors, he has served the professional investment community in a number of roles, including as President of CFA Society Los Angeles and co-founder and President of the Southern California Chapter of the Chartered Alternative Investment Analyst Association. He is currently Co-Chair of the Private Wealth Management committee of CFALA and serves as an instructor in the USC/CFALA CFA Review Course, in Alternative Investments for Level II candidates.

Tom holds a B.B.A. in Finance from the University of Wisconsin-Madison, an M.B.A. from Pepperdine University, and has completed the Private Equity and Venture Capital Program at Harvard Business School. ;Back To Top ^^


Dr. William Sharpe | William F. Sharpe is the STANCO 25 Professor of Finance, Emeritus at Stanford University's Graduate School of Business. He joined the Stanford faculty in 1970, having previously taught at the University of Washington and the University of California at Irvine.

He was one of the originators of the Capital Asset Pricing Model, developed the Sharpe Ratio for investment performance analysis, the binomial method for the valuation of options, the gradient method for asset allocation optimization, and returns-based style analysis for evaluating the style and performance of investment funds.

Dr. Sharpe has published articles in a number of professional journals, including Management Science, The Journal of Business, The Journal of Finance, The Journal of Financial Economics, The Journal of Financial and Quantitative Analysis, The Journal of Portfolio Management, and The Financial Analysts' Journal.

His books include Portfolio Theory and Capital Markets (McGraw-Hill, 1970 and 2000), Asset Allocation Tools (Scientific Press, 1987), Fundamentals of Investments (with Gordon J. Alexander and Jeffrey Bailey, Prentice-Hall, 2000), Investments (with Gordon J. Alexander and Jeffrey Bailey, Prentice-Hall, 1999) and Investors and Markets: Portfolio Choices, Asset Prices and Investment Advice (Princeton University Press, 2007). Fifty-two of his papers are included in William F. Sharpe, Selected Works (World Scientific, 2012). An ebook and matlab software for Retirement Income Analysis with Scenario Matrices are available at

Dr. Sharpe is past President of the American Finance Association. In 1990 he received the Nobel Prize in Economic Sciences.

He received his Ph.D., M.A. and B.A. in Economics from the University of California at Los Angeles. He is also the recipient of a Doctor of Humane Letters, Honoris Causa from DePaul University, a Doctor Honoris Causa from the University of Alicante (Spain), a Doctor Honoris Causa from the University of Vienna (Austria), a Doctor of Science, Economics, Honoris Causa from the London Business School and the UCLA Medal, UCLA’s highest honor. A detailed vitae sheet is available at Back To Top ^^


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.

Registration Fees
$20 (Members) | $70 (Non-Members)

Registration is now CLOSED. WALK-INS ARE WELCOME. 

Wealth Management League Members Only
$50 (Members) | For Wealth Management League Members wishing to register after April 27th, please email | If also a member of CFA Society Los Angeles, please register in the Members Only section.

Parking Information
Shutters on the Beach Valet: $22
Click HERE for current COVID Policy
Payment Information
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If you prefer to pay by check please email and request to pay by check. Your registration will be completed manually and you will receive an email confirmation.

Mail Check To:

CFA Society of Los Angeles
13400 Riverside Drive, Ste. 215
Sherman Oaks, CA 91423

*Credit card payments will only be accepted through the secure online registration, and not by phone or email.

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 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
Thomas Mahoney, CFA, CAIA
Ken Waltzer, CFA

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