April 2024 Education Meeting

FREE TO FPA MEMBERS ($65 for non-members)

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TOPIC #1: Property & Casualty Insurance Industry Update
SPEAKER: Michelle Hirsch

About the presentation: Home and auto insurance premiums are at an all-time high with non-renewals without a cause and no standard markets available in coastal states. The P&C industry is facing the hardest market in history. Amidst rising premiums, tighter underwriting standards, and shifting regulatory landscapes, this session will delve into the implications of these changes for advisors and their clients.  No two carriers are the same and 70% of consumers have never had a formal review.  This presentation is a must-attend for advisors looking to navigate the complexities of the P&C market and secure optimal outcomes for their clients in challenging times.

About the Speaker: Michelle Hirsch is the third-generation family business owner of Brunswick Private Client. Michelle attended Penn State University for her undergraduate degree and obtained her MBA from Case Western University. She also earned the industry’s highly regarded designation of CAPI (Certified Advisor in Personal Insurance) through the Wharton School of Business and Chubb Insurance. Her 20 years of experience have given her a deep understanding of the potential risks, exposures, and complexities unique to today’s affluent and those in the public eye. Her insights, solutions, and partnerships have helped countless clients better understand and protect their personal risk.

TOPIC #2: Diversification: New Rules?
SPEAKER: Kris Jaenicke

About the presentation: In the ever-changing landscape of financial markets, one principle has stood the test of time: Diversification. However, the traditional 60/40 mix can fall short if stocks and bonds move in lockstep, negating any diversification benefit. This presentation will explain how successful portfolio construction has evolved and the importance of correlation in creating an all-weather portfolio. We’ll discuss what you should expect from bonds going forward and how to build a sleeve that provides true diversification. In addition, we’ll examine the amount of time it takes, and the return required, to recover from market drawdowns, explore sequence of returns risk and introduce how institutions safeguard their portfolios from risk.

About the Speaker: Kris Jaenicke leads LoCorr Fund’s distribution in the firm’s eastern division and directs the team’s delivery of the LoCorr product suite to that region. Kris is instrumental to the firm’s positioning in the industry, and his expertise guides the company’s development of educational materials for advisors and investors. Focused exclusively on the distribution of alternative investments for more than two decades, Kris offers advisors expertise in the sector, as well as more than 35 years of experience in a sales capacity within financial services. He was previously a senior regional vice president for Dividend Capital (now Ares), Kemper-Scudder Investments (now DWS) and MFS Funds. Kris is an accomplished speaker and expert on low correlating strategies. He was awarded the Sequoia Lifetime Achievement Award in 2010, an award recognizing field sales professionals who have demonstrated a commitment of excellence in their careers. Kris holds a BA in Finance from the University of Iowa. He serves on the board of Hudson Community Chapel and is active in mission work. He is a Chartered Life Underwriter and a Chartered Mutual Fund Counselor. He holds the FINRA Series 6, 7, 24 and 63 licenses.

Continuing Education: FPA NEO will request credit for these programs, which will total two hours of CE from the CFP® Board of Standards for CFP® designation holders and one hour of OH Insurance (1st session). A general certificate of completion and one for CPA designees who feel the program satisfies their continuing education requirements will also be available.

Reservation Policy: All attendees are encouraged to register in advance before noon 04/17/24 and walk-in reservations will be accepted on a space-available basis only. In person meeting cost is free for FPA members and $65 for non-members. If you reserve and are unable to attend, please call the office or email admin@fpa-neo.org to cancel by noon 04/17/24 to avoid a no-show reservation billing of $10.00.