BREAKFAST MEETING

WEDNESDAY, OCTOBER 18, 2017

(Breakfast served 7:30-8:00 a.m., Program 8:00-9:00)

NOTE:  MEETING LOCATION

GLENEAGLES COUNTRY CLUB (5401 West Park Blvd., Plano)

RESERVATION DEADLINE:  WEDNESDAY, OCTOBER 11, 5:00 p.m.

(PAYMENT MUST BE IN COUNCIL’S OFFICE BY WEDNESDAY, OCTOBER 11)

Exchange Traded Funds (ETFs) vs. Mutual Funds: Risks and Fiduciary Concerns

MIKE DAVIDSON

Sponsored by North Dallas Bank &Trust

This presentation will help attendees understand the differences between traditional index mutual funds and ETFs.  Specifically, we will review the mostly unknown risks facing advisors when recommending ETF investments to clients.  Attendees will learn who the Authorized Participant (AP) is in ETF trading, the role the (AP) plays creating liquidity and helping to set prices and how this structure can create unknown risks for many involved in trading ETFs. In addition, the attendee will be able to educate investors about how robo-advisor platforms are susceptible these risks. Finally, we will briefly review the introduction of index mutual funds and ETFs, why they were developed, the key players involved, and the growth trends over the past 10 years.  After graduating from Texas Tech University with two Engineering degrees, Mike Davidson began his career helping businesses, governments and non-profits improve their business processes and financial systems at Arthur Andersen.  After leaving Andersen in 2002, he joined the financial services community and founded Financial Innovations to help clients Walk in Wisdom® with their capital.  Mike is a Certified Financial Planner (CFP®), Accredited Investment Fiduciary (AIF®) and is currently serving as the president of the Dallas Society of Financial Services Professionals (FSP). Mike has been married for 20 years to his wife Renee and they have three wonderful kids: Luke, Taylor and Will.  Away from the office, Mike loves to watch his kids play sports, serves with his church, plays acoustic guitar and tries to catch trout on his fly-rod. 

Continuing education credits are pending for this program.

Membership dues do not include meals.  Credit Cards are now accepted online at the website, www.epcnt.org

To mail a check, please complete this form, enclose a check (payable to Estate Planning Council of North Texas) and mail to:  Estate Planning Council of North Texas, P. O. Box 38553, Dallas, TX  75238-8553.  THERE WLL BE 5 MEALS AVAILABLE FOR WALK-INS ON DAY OF MEETING (FIRST COME, FIRST SERVE). ALL OTHER WALK-INS WILL BE “PROGRAM ONLY”.  Members who have already paid in advance for all meetings for the year MUST REGISTER ON THE WEBSITE (www.epcnt.org)  so we will have a count for the number of meals to prepare.

Member: $25 (includes meal); Guest: $30 (includes meal); Program Only (no meal): $15

Name: ________________________________________ 

 ____$25  ___$30 ____$15

E-Mail: ______________________________________

Phone Number: _________________________________

Name: ________________________________________ 

 ____$25  __$30  ____$15

E-Mail: ______________________________________

Phone Number: _________________________________

NOTE:  WALK-IN PRICES ON DATE OF MEETING:  Member: $30 (includes meal); Guest: $35 (includes meal); Program Only (no meal): $20

We would like to thank the following Sponsors for their support for 2017-2018: Armor Wealth Management, Communities Foundation of Texas, Dallas Foundation, Leu & Peirce, Lee Financial Corporation, Lindquist Eisenberg LLP, North Dallas Bank & Trust, Pepkin & Associates, PlainsCapital Bank, Stout., Texas Bank & Trust and The Catholic Foundation