09.30-10.45 / 11.00-12.15 / 12.15-13.15 / 13.15-14.30 / 14.45-16.00
09.30-10.45 General Opening Session
Boudewijn van Uden is ceo of ASR Nederland
Consumer, do smart things with your money.
Carl Richards
The traditional financial world is complex and not very friendly to the average individual. Carl Richards cuts through this complexity using a Sharpie to create easy-to-understand sketches that simplify the challenging, but important, subject of finance.
Carl is CERTIFIED FINANCIAL PLANNER™ and founder of Prasada Capital Management. In January, 2012 Carl Richards will publish his first book: Behavior Gap: Simple Ways to Stop Doing Dumb Things With Money. Carl will set a footprint in your mind and you may even change your way of communicating!
Worthless Financial Plans
I read somewhere that average Americans will spend more time planning their vacation to Disneyland than they will planning their financial future.
I'm not sure that's correct, but it wouldn't surprise me. There are a number of reasons why we are hesitant to spend time planning for our financial future, but the biggest one is that we have confused the process of planning with the end product, a plan.
Financial plans are worthless, but the process of planning is vital. Let me explain the difference in your convention!.
11.00-12.15 Masterclass Investment & Financial Planning
How does one deal with complex issues such as asset allocation, standard deviation, volatily and managing expectations, when advising clients? Carl Richards has strong views on this subject and will share these with you during this masterclass.
Outliers Matter
Most of the traditional wisdom that we follow when we are making investment decisions is rooted in models referred to as modern portfolio theory. One of the theory's basic assumptions is that stock market returns are normally distributed. In other words, when graphed, the returns will form a traditional, bell-shaped curve. But the real world is far more different from this.
Volatility Final
One of my passions in life is trying to take complex issues and boil them down to their essence in a simple, but not simplistic, way. This goal is something that I've found most of us in the advice industry struggle with and is in fact the reason the behavior gap exists. The traditional financial services industry is a place where things are overly complex and almost always confusing to clients. Almost everything we do with clients is intangible, and most of our clients don't understand half of what we say. Despite our best efforts, we're almost always using industry jargon. How to communicate about volatility so that evenrybody understands?
Great Expectations
Boom-and-bust cycles are largely a function of our collective expectations.
Expectations are very tricky because they are almost always wrong. But our expectations drive our behavior anyway.
Our view of the future is the fundamental basis for how we act today. Since our expectations about the future are regularly based on our recent experience, we act as if the next week, month and year will be just like the last one.
We are programmed that way. In fact it is a genetic trait of humans to base our view of the future (our expectations) on the past; we have very little else to base it on. But we have very short-term memories, so our natural inclination is to define the past as the very recent past. So, jhow to cope with that?
12.15-13.15 Lunch in the Exhibit Hall
13.15-14.30 Country Focus I
In this session three countries will present themselves. Their representatives will talk about their own situation, their challenges and chances.
In this session country speakers are representatives from Hungary, Italy and Russia.
Hungary
Zoltan Luttenberger will offer a report on what is happening in Hungary and how he works:
Comprehensive-Fiduciary-Financial-Life-Planning: What does this mean? Zoltan is both a financial planning professional and head of European operations for PlanPlus Inc. On top of that he is a board member of the Hungarian Assocation of Qualified Financial Planners (HAQFP). His domain is Foreign Affairs.
Italy
Giorgio Canella
A Venice based independent and fee only sole life planner. Girgio likes to help people in achieving their financial goals. Italy has been a country where for many years financial products have been sold by insurance brokers. A challenging question: Will financial life planning alter the landscape in Italy?
Russia
Natalia Smirnova has founded her own financial planning company several years ago. She now presides this firm, called Personal Advisor. She is also an author of books on financial subjects and is involved in a financial literacy programme with business leaders in Russia. Natalia is one of the first life planners in Russia. As Russia is an emerging region in many respects, how does Natalia deal with this and present financial planning to this market?
Host of this session is Robert van Beek, member of the board of FPA Netherlands and chair of FPFP Belgium. Robert has been a financial planning professional for many years. He has worked within the field of wealth management as well as software solutions for the investment industry. And he is a keen member of the financial planning industry.
14.45-16.00 Country Focus II
In this session three countries will present themselves. Their representatives will talk about their own situation, their challenges and chances.
In this session country speakers are representatives from Belgium, Germany and Ireland.
Belgium
Bieke Godts is vice chair FPFP Belgium. She is actually one of the founders of the Belgian organization for financial planners, the Federation of Personal Financial Planners, which was established in 1999. Belgian planners often say that Belgium has a time lag of at least ten years from developed countries like The Netherlands. Is this really true or just a feeling?. Find out yourself and see what is happening and what opportunities Belgium can offer for cross border and international financial planning. Bieke has written several books on financial and retirement planning. In 2009 she started a new initiative on financial literacy towards youth, www.wijzermetgeld.be
Germany
Thomas Abel is a financial planning professional with Honoris Treuhand GmbH of Berlin, a firm he owns. Thomas is . Thomas is a frequent speaker at conventions and master classes, i.e. at the Frankfurt School of Finance & Management. Germany is one of the largest European countries and Financial Planning and Estate Planning have reached a sophisticated and developed level. Learn more about the challenges of cross border working and living.
Ireland
Richard Crotty is managing partner of Crotty & Company. He believes that managing your finances can be a real challenge.. He is working as a consultant for both private and corporate clients. He therefore knows the ups and downs his clients have to deal with right now. Richard represents Ireland in the EAME International GeoFocus Group.
Host of this session is Dimitri Duine, chairman of the board of FPA Netherlands. Dimitr owns a firm in both financial planning and insurance services.
Sponsors
