FPA of Michigan Fall Symposium
Schedule
Pending Approval for 4 CFP CE's
8:00 am to 8:10 am
Opening Remarks and Announcements
8:10 am to 9:30 am
Investing through the Recovery
Meera Pandit, Vice President, is a Global Market Strategist on the J.P. Morgan Asset Management Global Markets Insights Strategy Team.
About the Presentation: The U.S. economy is surging on the back of a robust reopening and massive fiscal stimulus. The U.S. has made substantial progress on vaccinations, and fiscal stimulus geared toward consumers most likely to spend has powered blockbuster spending on goods and an anticipated resurgence of spending on services. Together with rebounding investment spending, the economy could reach a full GDP recovery by 2Q21.
The months ahead will still see economic challenges, as strained supply chains, rising inflation and labor market distortions from the pandemic remain headwinds for the U.S. recovery. In addition, pressures are mounting on the Federal Reserve to begin unwinding some of its pandemic-related stimulus, and questions remain on what higher inflation will mean for financial markets going forward. As the pandemic winds down, investors will likely once again focus on longer-term issues such as sustainable investing and the relentless growth of the Chinese economy and capital markets.
Learning Objectives:
- Understand the economy and market backdrop.
- Be able to articulate these messages back to clients.
- Be able to use slides from Guide to the Markets to illustrate messages to clients.
- Apply investment implications to position client portfolios.
9:30 am to 9:45 am
Break
9:45 am to 11:00 am
Biden's Tax Proposals: What's Next?
Leon C. LaBrecque, JP, CPA, CFP® is a venerated commentator on financial planning and tax topics
About the Presentation: This is an overview of the relevant provisions of the American Jobs Plan and the American Families Plan. Coverage will include the possible actions, the repercussion and planning opportunities/challenges of the new proposed law.
Learning Objectives:
- Get an overview of the proposed provisions of the American Jobs Plan and the American Families Plan.
- Be able to identify planning opportunities from changes of individual income tax rates.
- Be able to understand the magnitude of capital gain tax increases and the deemed transaction rules on the death (e.g., new death tax).
- Be able to understand the repercussions of the change to carryover basis from step-up basis.
- Understand the effects of a corporate tax rate increase on small businesses, choice of entity and S&P earnings.
- Start to create a planning strategy in the event of the enactment of the Bills.
11:00 am to 11:15 am
Break
11:15 am to 12:30 pm
Insights on Providing Equity Compensation Guidance
Bill Dillhoefer, President and CEP of Net Worth Strategies
About the presentation: Employee stock options and restricted stock/units granted to corporate executives and other key employees are a major wealth building asset as company stock prices increase over time. However, equity compensation is laden with a variety of inherent risks and is subject to different tax laws. Consequently, financial advisors need to understand and be able to articulate the risks and taxation associated with equity compensation. This presentation will reveal insightful information on providing clients with equity compensation guidance including a planning framework and evaluating risk versus tax issues. It will also incorporate a case study to illustrate the equity compensation planning process to enable attendees to engage stock plan recipients and help them make proactive and informed decisions.
Learning Objectives:
- Enable attendees to understand and pursue the equity compensation planning niche
- Help attendees to establish a framework for providing equity compensation guidance
- Educate attendees on various equity comp valuation methodologies including intrinsic, after-tax, time and forfeit value
- Educate attendees on equity comp risk analytics including concentration, leverage, and the Insight Ratio
- Show attendees why equity compensation taxation shouldn’t be the primary decision criteria
- Illustrate equity comp valuation, risk analysis and taxation using a client case study
12:30 pm
Symposium Concludes