IA Watch: The Full 360 Degrees

Compliance Solutions for a Time of Mounting Challenges

March 7-8, 2019  |  The Mayflower Hotel  |  Washington, D.C.

Full Agenda

Main Conference Day 1: Thursday, March 7, 2019

7:30 a.m. – 8:30 a.m.

Registration and Continental Breakfast


8:30 a.m. - 9:00 a.m.

Keynote Address: OCIE Deputy Director, Dan Kahl

The trendline for OCIE exams under the leadership of Deputy Director, Dan Kahl has only headed up. The agency has also produced more risk alerts and added new items to its annual priorities’ list. Hear directly from Kahl on where his agency is heading and what it means for you and your firm.

Speaker Dan Kahl, Deputy Director, Office of Compliance Inspections and Examinations, Securities and Exchange Commission, Washington, D.C.

9:00 a.m. - 10:00 a.m.

Get Ready for What’s Coming Your Way from Washington

2019 promises to be a year of great change in Washington – and at the SEC. New commissioners are settling in under the leadership of Chairman Jay Clayton and carving out an agenda that includes new rules and mandates for firms. Our panel delves into the hottest items on regulators’ runway so you’re ready.

Speakers Sara Cortes, Assistant Director, Investment Adviser Regulation Office, Division of Investment Management, Securities and Exchange Commission, Washington, D.C.; Doug Scheidt, former Associate Director and Chief Counsel, Division of Investment Management, Securities and Exchange Commission, Washington, D.C.; Diane Blizzard, former Associate Director for Regulatory Policy and Investment Adviser Regulation, Division of Investment Management, Securities and Exchange Commission, Washington, D.C.; and Jennifer Suellentrop, VP/Associate General Counsel, Fidelity Investments, Smithfield, RI.

10:00 a.m. - 10:30 a.m.

Refreshment Break in Our Exhibit Hall


10:30 a.m. - 11:30 a.m.

Compliance’s Role as the Definition of a Fiduciary Shifts

It sure looks like the SEC’s serious this time. Its three fiduciary duty proposals would shake up the regulatory landscape like an earthquake. Our panel updates you on where things stand and drills down into what all of these changes would mean for compliance officers. Book more disclosure, more testing and lots of training and monitoring. And that’s just for starters. You must be ready for these changes because there’s so much at stake.

BONUS: Your handouts include sample disclosure forms.

SpeakersJoseph McGill, CCO, Lord, Abbett & Co., Jersey City, NJ; Brian McCormack, CCO, Davenport & Co., Richmond, VA; and Skip Schweiss, Managing Director of Advisory Advocacy, TD Ameritrade Institutional, Denver, CO.

11:30 a.m. - 1:00 p.m.

Lunch: Featuring a Q&A session with SEC Commissioner Hester Peirce


1:00 p.m. - 2:00 p.m.

BCP Tips so You’re Ready When the Unexpected Happens

The thing about an emergency is you never know when it’s coming. And even if you did, turbulence during an event can test you like never before. Fires. Floods. Earthquakes. Bombings. Our panel knows. They share their dramatic stories, and how they were forced to improvise their business continuity plans on the fly. Get great guidance that we hope you never need.

BONUS: Your handouts include sample BCP compliance P&Ps, disaster-prep tips and an incident management checklist.

SpeakersRobert Hille, General Counsel/CCO, LairdNorton Wealth Management, Seattle, WA; Michelle Jacko, Managing Partner, Jacko Law Group/CEO, Core Compliance & Legal Services, San Diego, CA; and Steve Flammey, CFO/CCO, Redwood Investments, Newton, MA.

2:00 p.m. - 2:30 p.m.

Refreshment Break in Our Exhibit Hall


2:30 p.m. - 3:30 p.m.

Strategies for Serving Senior Clients as OCIE’s Focus Intensifies

The numbers are staggering. Americans over the age of 65 are expected to nearly double in the next three decades. The SEC’s aware of the demographics, and OCIE’s on the prowl for how advisers are working with elderly clients. Do you have written compliance P&Ps for addressing issues “associated with diminished capacity or competence” of senior clients? It’s just one of the actions examiners will ask about. Gain tips for exam-prep and for serving an aging clientele.

BONUS: Your handouts include a cognitive impairment form and questions OCIE examiners are asking advisers about seniors.

SpeakersCharles Koretke, Assistant Director, Office of Risk Analysis and Surveillance, Office of Compliance Inspections and Examinations, Securities and Exchange Commission, Washington, D.C.; Wendy Vasquez, CCO, Cypress Capital, Franklin, TN; Karen Huey, President, Professional Compliance Assistance, Woodstock, GA; and Judith Shaw, Securities Administrator, Maine Department of Professional & Financial Regulation, Augusta, ME.

3:30 p.m. - 4:30 p.m.

Two Breakout Sessions Specifically Tailored to Your Needs:

1. Mastering the Latest Twists to the SEC’s Custody Rules

You wouldn’t be alone if you feel your every attempt to hit the bullseye with the custody rule spots a moving target. The SEC continues to issue updated interpretations of the rule. And confusion reigns. Bring your toughest custody questions to our breakout panel as our experts focus on this most difficult of Advisers Act rules so you get the answers you need to comply.

BONUS: Your handouts feature a litany of custody FAQs.

SpeakersLaura Grossman, Associate General Counsel, Investment Adviser Association, Washington, D.C.; Stephen Councill, Attorney, Rogers & Hardin, Atlanta, GA; Christina Sears, CCO, American Beacon Advisors, Irving, TX; and Lauri London, Attorney, Cohen & Buckmann in New York, NY.

2. What’s Hot with FINRA Exams & Enforcement

FINRA’s Enforcement division has been taking steps to make its enforcement process more consistent and transparent. A centralized review process to look at enforcement recommendations before they go out the door is in place as are other initiatives. Get the details on the FINRA enforcement changes and hear about current trends and “first-ever” cases being brought. The SRO’s examination environment also will be explored.


4:30 p.m. - 5:30 p.m.

A Smorgasbord of Compliance Best Practices Direct from Your Peers

You know there’s nothing like hearing from your peers – and how they overcome their biggest professional challenges. Day one ends with 60 solid minutes of your savvy compliance peers sharing best practices across a wide swath of compliance issues, from advertising and marketing reviews to monitoring personal trading, amending compliance P&Ps to preparing for exams – and much more. Keep a notepad close by for this one – you’re going to need it.

BONUS: Your handouts include best practices to prevent CCO liability.

SpeakersMarianne O’Doherty, CCO, NISA Investment Advisors, St. Louis, MO; Bart Aronson, CLO/CCO, New Vernon Capital, Jersey City, NJ; and Seth Gelman, CCO, Insight Investment, New York, NY.

5:30 p.m. - 6:30 p.m.

Cocktail Reception in Our Exhibit Hall

Main Conference Day 2: Friday, March 8, 2019

7:30 a.m. – 8:30 a.m.

Breakfast of Champions: Peer-Proven Innovations to Introduce at Your Firm (Sponsored by Orion Advisor Services, LLC)

Go beyond mere sustenance to enjoy a side of innovation, as we serve you breakfast and your peers share their most recent compliance accomplishments. Jot down some great ideas to take home to improve your program. Uniquely IA Watch


8:30 a.m. - 9:00 a.m.

Meet Your Regulator: Co-Chief of the Division of Enforcement’s Asset Management Unit Dabney O'Riordan

SpeakerDabney O'Riordan, Co-Chief, SEC's Division of Enforcement's Asset Management Unit,
Washington, D.C.

9:00 a.m. – 10:00 a.m.

Beyond Bits and Bytes: Cybersecurity Guidance to Deter Continuing Threats

Cybersecurity is very much on the minds of advisory firms and regulators alike. Cyber has been flagged as the single biggest compliance concern at SEC-registered IAs for a number of years running. A $1M fine against a dual registrant for poor cyber controls has only heightened that concern. And OCIE has signaled that a new cybersecurity sweep exam is in the offing. Hear the latest on the current cyber threat environment, the SEC’s expectations for compliance, and best practices you can employ right now.

BONUS: Attendees will receive an SEC document request letter with a cyber focus, a cyber checklist for IAs, a data breach incident response plan, cyber P&Ps, and more.

SpeakersWes Stillman, CEO, RightSize Solutions, Lenexa, TX; David Dunn, Managing Director, FTI Consulting, Philadelphia, PA; and Kimberly Kiefer Peretti, Partner, Alston & Bird, Washington, D.C.

10:00 a.m. – 10:30 a.m.

Refreshment Break in Our Exhibit Hall


10:30 a.m. – 11:30 a.m.

Disclosure Do’s and Don’ts to Reduce Enforcement Risks

The SEC considers the Form ADV to be the “go-to document” when assessing a firm’s compliance and has been mining new Form ADV data to better target firms to examine. It is critical that this key disclosure document, and all others, be consistent, accurate, reflective of your business and otherwise on point. Our panel will deliver disclosure best practices and detail key lessons learned from recent SEC enforcement cases linked to advisers’ disclosure failures.

SpeakersCharles Martin, Director, Vigilant Compliance LLC, Chadds Ford, PA; Ellen Harvin, Vice President, Fairview Investment Services, Raleigh, NC; and Derek Newman, Senior Regulatory Counsel, Motley Fool Wealth Management, LLC, Alexandra, VA.

11:30 a.m.- 12:30 p.m.

Lunch: Network with Your Peers


12:30 p.m. – 1:00 p.m.

Dessert Social


1:00 p.m. – 2:00 p.m.

What an Ethical Culture Looks Like Earn 1 CLE for Ethics!

Martin Luther King, Jr. would say it’s always the right time to do the right thing. Your job becomes dramatically easier if your colleagues inculcate that philosophy. Our panel discusses ways you can cheerlead and encourage your staff to act ethically – even when you’re not around.

SpeakersElizabeth Knoblock, Knoblock Law, Daphne, AL; Robert Mendelson, CCO/Chief Regulatory Counsel, Oz Management, New York, NY; and Joan Berger, General Counsel/CCO, Pzena Investment Management, New York, NY.

2:00 p.m. – 3:00 p.m.

SEC Exams: Focus Areas and Tactics to Ensure You’re Ready

The SEC is now conducting north of 2,000 exams of investment advisers on an annual basis, with that number ever-increasing. And 70% of examinations end with deficiencies found. Our panel will cover the deficiency trends and how to avoid them, current hot exam topics, insights into the SEC’s risk-based formula, what sweeps may be on the horizon, and exam prep tips sure to make your examination go smoother should you get a call from the Commission.

BONUS: Attendees will receive SEC document request letters across varied regions, sweep exam letters, never-before-examined firms’ request letters, and more.

SpeakersJohn Walsh, Partner, Eversheds Sutherland, Washington, D.C.; Mark Dowdell, Assistant Regional Director, SEC Philadelphia Regional Office, Philadelphia, PA; and Anthony Kelly, Partner, Dechert, Washington, D.C.

3:00 p.m.

Conference Adjourns