*** Current Agenda: Subject to Change ***
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8:00 AM – 8:30 AM
Registration and Breakfast
8:30 AM – 8:45 AM
Welcome and Opening Remarks
Co-Chairs:
Susan Boccardi, Executive Director, JP Morgan
Lisa Francomano, Executive Director, Chief Compliance Officer Advisory Business, UBS Financial Services
8:45 AM – 9:45 AM
Global Developments and Their Impact on Managed Accounts
This session reviews key global issues – including global regulatory developments, GDPR, Brexit, and the rise of Robos and other forms of digital advice – and their impact on managed accounts business.
Moderator:
Markus Lang, Managing Director, Global Head of Legal Wealth Management, Deutsche Bank
Panelists:
Helen Fok, Partner, Morgan, Lewis & Bockius LLP
Andrew House, Managing Director and Associate General Counsel, JP Morgan Chase
Alexandria Schindler, Head Legal, UBS Swiss Financial Advisers AG
William Yonge, Partner, Morgan, Lewis & Bockius LLP
9:45 AM – 10:45 AM
SEC Reg BI, Adviser Act Retail Advice Proposals, and Managed Accounts
Speakers:
Emily Russell, Senior Special Counsel, U.S. Securities and Exchange Commission, Division of Trading and Markets
Sarah ten Siethoff, Associate Director, U.S. Securities and Exchange Commission, Division of Investment Management
10:45 AM – 11:00 AM
Refreshment and Networking Break
11:00 AM – 12:00 PM
Dual Contract Issues
This session focuses on what dual contract arrangements look like in 2019 and how they have evolved over the last 20 years. The panel will discuss key considerations with dual contracts and how they impact the roles and responsibilities of sponsors and asset managers in terms of due diligence, monitoring, trading, client reporting, etc.
Speakers:
Leah Buenaventura, Director, Assistant General Counsel, Bank of America Merrill Lynch
Phil Cecil, Vice President, Senior Legal Counsel, T. Rowe Price
Marc Romanoff, Vice President, Legal, Goldman Sachs
12:00 PM – 1:00 PM
Networking Luncheon
1:00 PM – 1:45 PM
Regulatory Developments
This session provides a broad survey of the most important regulatory developments impacting the advisory space and includes a deeper look at the recent SEC no-action letter on the “constructive delivery” of mutual fund prospectuses to discretionary investment advisers.
Speakers:
Larry Godin, Partner, National Practice Lead for Asset and Wealth Management, KPMG, LLP
Cliff Kirsch, Partner, Eversheds Sutherland
Steve Stone, Partner, Morgan, Lewis & Bockius LLP
1:45 PM – 2:45 PM
Managed Accounts 2025: The Legal & Compliance Point of View
This panel looks ahead to the managed accounts industry of 2025 through a legal and compliance lens. An expert panel will examine current trends like financial convergence, digital advice, data aggregation, and goals-based wealth management and debate their impact on financial planning and advice delivery.
Speakers:
Todd Cook, Managing Director and Associate General Counsel, JP Morgan Chase
Scott Kirwin, Vice President & Associate General Counsel, Fidelity Investments
Jen Klass, Partner, Morgan, Lewis & Bockius LLP
Andrea Wolff, Associate General Counsel, UBS
2:45 PM – 3:00 PM
Refreshment and Networking Break
3:00 PM – 4:00 PM
SEC Examinations
This panel focuses on recent changes to the SEC’s examination program, their significance for industry oversight, shifts in SEC enforcement procedures in the managed accounts arena, and what lies ahead for the industry in the second half of 2019.
Speakers:
Pete Driscoll, Director, U.S. Securities and Exchange Commission Office of Compliance Inspections and Examinations
Steve Stone, Partner, Morgan, Lewis & Bockius LLP
4:00 PM – 4:45 PM
Evolution of Managed Account Programs: Non-Traditional Assets and ESG Mandates
This panel examines the role of non-traditional assets – including complex products, structured notes, private equity, hedge funds, liquid alternatives, annuities, and insurance products – in managed accounts and the associated risks and issues. The discussion will include a review of ESG adoption trends and benchmarking in managed accounts.
Speakers:
Drew Bowden, Senior Vice President & General Counsel, Jackson National Life Insurance Company
Svetlana Milina, Executive Director, Legal Counsel, Morgan Stanley Wealth Management
Annette O'Dennell-Butner, Chief Compliance Officer, KKR
Anna Snider, Managing Director, Head of Due Diligence, Chief Investment Office, Global Wealth & Investment Management, Merrill Lynch
4:45 PM – 5:00 PM
Closing Remarks and Adjournment
Co-Chairs:
Susan Boccardi, Executive Director, JP Morgan
Lisa Francomano, Executive Director, CCO Advisory Business, UBS Financial Services
5:00 PM – 6:00 PM
Networking Reception
