This includes sessions from AICPA ENGAGE 2018:
Bonus session: available onsite only.Speaker(s):
Bonus session: available onsite only. In this session, Duncan Gates will be discussing investing concepts that tax professionals can use with their clients to ensure that taxes are being taken into consideration when making investment decisions.
1. taxes are an integral part of investment decisions, yet they are rarely taken into consideration
2. the tax professional is in a prime position to be able to help clients take taxes into consideration when investingSpeaker(s):
The presentation will include uses of annuity products to meet retirement needs, and appropriate timing for considerations of annuities. Fixed annuities, variable annuities and indexed annuities will be included in the presentation.
Learning Objectives Include:
• Use of annuities to fully or partially meet retirement cash flow needs.
• Use of annuities to partially protect against negative markets.
The DOL, SEC and various state legislatures and regulators continue to address the fiduciary obligations of financial planners, including those associated with IRA rollovers. Ron offers an update on recent changes, along with practical suggestions on actions individual advisors should be taking to adopt to the new environment.
• Learn of new developments in statutes, regulations, and state common law (i.e., case law) affecting the fiduciary obligations of personal financial planners.
• Ascertain best practices for complying with fiduciary obligations, including investment strategy and investment due diligence, when advising individual clients, plan sponsors, and endowments.
The session will explore U.S. income, estate and gift tax implications of foreign investment and activities in the United States as well as reporting obligations of U.S. taxpayers with offshore activities. 1. Gain an understanding of U.S. tax law impacting foreign activity in the U.S. 2. Understand U.S. reporting requirements for U.S. taxpayers with activities and investments outside the U.S.Speaker(s):
Ensuring the best possible outcome for a succession plan goes well beyond the question, “how much can I get for my firm?” In this insightful, inspiring, information-rich talk, Shannon O’Toole Kuhlman, Buckingham Strategic Wealth’s Chief Talent Officer will provide answers and fresh perspectives to the most important factors RIA firm owners should consider when planning for succession. Perfectly suited to succession-minded RIA firm owners and advisors, “Beyond the Math” delivers multi-faceted, actionable ideas designed to help participants ensure the brightest possible future for their clients, their teams, and themselves.
• As a RIA owner, understanding your succession and/or continuity planning options and how they will effect you, your team and your clients.
• Understanding the process of going through an external succession or continuity transition.Speaker(s):
Auditing under Topic 606 will be more challenging due to the transition and disclosure requirements as well as the new rules for revenue recognition. Get ahead of the curve by learning the expectations for a supportable audit of the client's transition and new revenue recognition response.
• Review of the auditing portion of the 2016 A&A Guide Revenue Recognition
• Review of the controls entities should have in place for the transition and for going forward.
• Tips for minimizing the extent of procedures necessary to achieve a supportable audit of revenuesSpeaker(s):
Given the current state of the world, insurance company mergers and more, now is more important than ever to have a complete review of your personal insurance policies to make sure that there are no gaps in coverage. This discussion will highlight commonly overlooked coverages and key items and exposures that homeowners need to be aware of, how to best understand what your risks are, so that there are no surprises in the event of a serious situation. We will cover lessons learned from recent catastrophic events, including hurricanes, sexual harassment suits on the rise, etc. and how to protect yourself against exposures during these challenging times.
• Review key items that homeowners need to be aware of
• Understand how to protect against exposures
This session will: -Provide education on the attributes and tax characteristics of Private Placement Variable Annuities. - Provide education on the attributes and tax characteristics of Private Placement Life Insurance. - Provide Case Studies on specific planning applications for both products. - Provide color on the effect of new tax legislation on the products. - Provide an update the ever expanding landscape of the available investment options within these products and the rules governing them.Speaker(s):
Presentation of an investment firm’s past performance can be a powerful tool for attracting new clients. To promote fair representation and greater comparability in performance presentations, CFA Institute created the Global Investment Performance Standards (GIPS® standards). Many investment firms’ claim of compliance with these standards has been regarded as providing a competitive advantage. The CFA Institute is currently working to update the GIPS Standards in preparation of a new edition effective in January 2020. In this panel, CFA Institute representatives and expert practitioners will provide an update on the status of the GIPS 2020 project.
• Discuss the guidance currently in the workings for private funds, and the new provisions for asset owners and broadly distributed pooled funds.
• Provide an update on the guidance that is being developed on GIPS verification and performance examinations, which may affect the work of practitioners that engage in attestation engagements under AICPA’s Statement of Position 12-1, “Reporting Pursuant to the Global Investment Performance Standards”