Theo Epstein Batting Cleanup At Schwab Conference; Morningstar Behind The Cloud
Baseball wisdom … investment opportunities … advice about building a financial advisor practice … what’s not to like about the final day of the Schwab Impact conference for independent financial advisors this week in Chicago? The conclave enters its home stretch today, with a final day of educational sessions and a closing keynote speech.
XAutoplay: On | OffTheo Epstein is the scheduled keynote speaker. Epstein is on deck to discuss “What Losing Teaches about Winning.” His credentials for transforming losers into winners is well-known to baseball fans, especially long-suffering fans in Chicago and Boston. He is President of Baseball Operations for the Chicago Cubs, who had not won major league baseball’s World Series since 1908 until their triumph in 2016.
Before taking the reins of the Cubs, Epstein was general manager of the Boston Red Sox, helping to steer them in 2004 to their first World Series title since 1918.
Before Epstein’s presentation, educational sessions at the Schwab Impact conference will include a panel aimed at financial advisors who want to get a handle on whether Illinois’s credit distress presents an opportunity for bond-investor clients or a pitfall to be avoided can attend a scheduled morning diagnosis of the conference host city’s home state’s fiscal dilemma. Panelists are slated to be Michael Johnson and John Humphrey of Gurtin Municipal Bond Management.
In another morning session, Tim Maurer of the BAM Alliance will about the value of explaining to clients not just what they should do but why. Maurer is slated to focus on how behavioral science can help advisors better motivate clients.
A third session at the Schwab conference is scheduled to discuss how to integrate responsible investing into client portfolios.
Two additional sessions are on tap to address how to build your practice. One session, featuring the Emotional Investor’s James Mooreland, is due to focus on the importance of differentiating yourself from your rivals. A session featuring Michelle Donovan is slated to focus on how to maximize your referral process.
Yet another marketing session with will home in digital marketing.
Another morning session, featuring Dennis McCrary of Pantheon, will talk about why you should consider adding the private equity arrow to your client portfolio quiver.
On the next to last day of Thursday, Morningstar Inc. (MORN) introduced its Office Cloud, which it describes as a new cloud-based practice and portfolio management platform for advisors, powered by more than 30 years of investment data and research.
The firm says that the platform combines Morningstar data, analytics, and research tools with capacity for integrating client data into a single, web-based experience that can replace multiple legacy systems.
Thursday afternoon’s keynote session featured former Prime Minister of the U.K., David Cameron. One attendee commented on Twitter that Cameron’s presentation confirmed how “everything sounds smarter when spoken with a British accent.”
Schwab entertained its guests with a show by Leon Bridges, a Grammy Award-winning R&B singer and songwriter.