Legal & Compliance Seminar

June 17, 2015 | New York, NY
Morgan, Lewis & Bockius LLP

Co-Chairs:
Maureen Sheehan, Senior Counsel, Law Department, Wells Fargo
Priya Udeshi Crick, Executive Director, Legal & Compliance, Morgan Stanley

2015 Seminar Partner:

Morgan, Lewis & Brokius LLP


Additional Information

Agenda

2015 MMI Legal & Compliance Seminar Agenda: June 17, 2015
Morgan, Lewis & Bockius LLP
101 Park Avenue | 39th Floor | New York
Download (PDF) 

8:00 AM – 8:30 AM
Registration and Continental Breakfast

8:30 AM – 8:45 AM
Welcome and Opening Remarks                                                            
Co-Chairs:
Priya Udeshi Crick, Executive Director, Legal & Compliance, Morgan Stanley
Maureen Sheehan, Senior Counsel, Wells Fargo

8:45 AM – 9:45 AM
Regulatory Developments
The opening panel will discuss the most recent developments in the SEC’s National Examination Program and their likely impact on investment advisers, broker-dealers, and transfer agents. Other topics to be covered include current SEC initiatives affecting managed accounts, including additional reporting requirements, Form ADV amendments, requirements for managing portfolio composition risks, and Volcker Rule issues.
Moderator:
Steve Stone, Partner, Morgan, Lewis & Bockius
Panelists:
Dan Kahl, Office of Investment Adviser Regulation, Division of Investment Management, U.S. Securities and Exchange Commission
Cliff Kirsch, Partner, Sutherland Asbill & Brennan

9:45 AM – 10:45 AM
Advisory Solutions Industry Update
This session will feature a dialog between two industry leaders on the major forces that are driving change in the advisory solutions industry – with a particular focus on the impact of technology, the wave of complex new investment products, and the changing nature of the advisor-client relationship.
Paul Hatch, Head of Advice and Solutions, UBS Wealth Management Americas
Craig Pfeiffer, President & CEO, Money Management Institute

10:45 AM – 11:00 AM
Refreshment and Networking Break

11:00 AM – 12:00 PM
DOL Fiduciary Rule Proposal
If adopted, the U.S. Department of Labor’s proposed “Definition of the Term ‘Fiduciary’; Conflict of Interest Rule – Investment Advice” will have an immense impact on the advisory solutions industry and how firms provide service to plan sponsors and IRAs. During this session, Dan Kleinman will discuss how the new rule broadens the fiduciary definition, limits exceptions, and revises prohibited transaction exemptions.
Brian J. Baltz, Associate, Morgan, Lewis & Bockius
Lindsay Jackson, 
Associate, Morgan, Lewis & Bockius
Dan Kleinman, Partner, Morgan, Lewis & Bockius
Ashleigh Morgan, Senior Company Counsel, Wells Fargo

12:00 PM – 1:00 PM
Lunch

1:00 PM – 1:45 PM
Workplace Diversity
The intent of Section 342 of the Dodd-Frank Act is to improve workplace diversity by proposing inclusion requirements at financial institutions and their regulators. The Consumer Financial Protection Bureau has indicated that the policy statement is complete and the final standards of the mandate will be released soon. This session will cover how firms should prepare for meeting Section 342 requirements.
Susan Reid, Global Head of Diversity and Inclusion, Morgan Stanley
Larry L. Turner, Partner, Morgan, Lewis & Bockius

1:45 PM – 2:45 PM
Enterprise Risk Management in Managed Accounts
Managing various types of enterprise risk has become a major focus in the past few years as firms seek to identify and address risks unique to managed account programs. These risks include cybersecurity and protection of sensitive client information, issues with the integrity of third-party data, mistakes in technology and coding, and due diligence of business partners.
Moderator:
Maureen Sheehan, Senior Counsel, Wells Fargo
Panelists: 
Catherine Gordon, Director, Associate General Counsel, E*TRADE Financial Corporation
Scott Kirwin, Vice President, Associate General Counsel, Fidelity Investments

2:45 PM – 3:00 PM
Refreshment and Networking Break

3:00 PM – 3:45 PM
Goals-Based Wealth Management: Where We Are Today, Where We Are Headed
Significant industry-wide momentum has been steadily building behind a shift towards a goals-based approach to wealth management. While substantial progress has been made, major challenges remain. The Chairman of MMI’s GBWM Committee offers an appraisal of what has been accomplished to date, who the leading players are, the hurdles still to be overcome, and why the inevitable implementation of the fiduciary standard makes GBWM the smart – and perhaps the only – answer.
Jack Sharry, Executive Vice President, Strategic Development, LifeYield LLC
Evan Charkes, Managing Director, Associate General Counsel, Bank of America

3:45 PM – 4:45 PM
SEC Enforcement Developments Affecting Brokers and Investment Advisers
This year marks the fifth anniversary of the Asset Management Unit (or “AMU”) in the SEC’s Division of Enforcement. This panel will provide perspective on how the AMU has changed, the resources it now commands, strategies to navigate SEC investigations, and the current focus of enforcement initiatives, especially as they relate to managed accounts.
Merri Jo Gillette, Partner, Morgan, Lewis & Bockius
Amy J. Greer, Partner, Morgan, Lewis & Bockius

4:45 PM – 5:00 PM
Closing Remarks and Adjournment

More Information

Because important regulatory issues are in the forefront of industry news in 2015, MMI’s Legal & Compliance Seminar is a “must attend” event.

During this one-day conference—designed for senior business executives, chief compliance officers, and their legal counsel— industry experts from manager and sponsor firms will discuss the most challenging issues facing the advisory solutions industry today and their best practices to overcome these challenges from a regulatory and compliance standpoint.

This is an opportunity to connect with and learn from some of the best regulatory and compliance executives in our industry.

Session highlights include:

  • Update on the DOL Fiduciary Rule Proposal and key points MMI will address in its comment letter
  • Current SEC examination issues and enforcement developments affecting brokers and investment advisers
  • Best practices to manage enterprise risks in managed accounts
  • Evolving compliance and disclosure practices
  • Major trends in the advisory solutions industry
  • Goals-Based Wealth Management: an industry status report 

CLE credits:
CLE credits will be available for New York & selected jurisdictions.

To encourage an interactive program, attendance is limited to 75 registrants. No press will attend

Seminar Cost

The seminar registration fee is $400. A discounted rate of $300 is available for additional participants from the same firm once two participants have enrolled at the $400 fee.

Hotels

MMI will not have a hotel block, but recommends the following hotels in close proximity to the Morgan Lewis office.

70 PARK AVENUE A KIMPTON HTL
70 PARK AVENUE AT CORNER
NEW YORK NY 10016

THE KITANO NEW YORK
66 PARK AVENUE
NEW YORK NY 10016

THE TUSCANY - A ST GILES HOTEL
120 EAST 39TH STREET
NEW YORK NY 10016

GRAND HYATT NEW YORK
109 EAST 42ND STREET
NEW YORK NY 10017

Questions?

General Inquiries:
Sarah Reinhart - sreinhart@mminst.org
(202) 822-4949

Attendee Registration:
events@mminst.org
(202) 822-4949

Speaker Registration:
Laura Payne - lpayne@mminst.org
(202) 822-4949

Fees & Billing:
Michelle Marsh - mmarsh@mminst.org
(202) 822-4949