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<strong>Shahira</strong> <strong>Knight</strong><br />
<strong>Shahira</strong> <strong>Knight</strong> joined Fidelity in September 2009 as vice president in the government relations<br />
and public policy group. She handles tax and budget issues for Fidelity.<br />
Prior to joining Fidelity, she was Managing Director in the Government Affairs department of<br />
the Securities Industry and Financial Markets Association (SIFMA).<br />
<strong>Shahira</strong> served on the Ways and Means Committee for seven years before joining the private<br />
sector. During her last two years with the Committee, <strong>Shahira</strong> was the Senior Advisor to the<br />
Chairman. In this position, she was in charge of the Committee's legislative operations and<br />
acted as the Committee's top policy advisor and political strategist. Prior to assuming this<br />
position, she worked on the Committee's tax staff and Social Security Subcommittee staffwhere<br />
she specialized in pension, insurance, fmancial product, and various corporate tax issues. She<br />
also handled Federal budget issues for the Committee.<br />
Prior to joining the Committee, <strong>Shahira</strong> worked in the Washington National Tax Services Office<br />
of Price waterhouse Coopers and on the Majority Staff of the Joint Economic Committee.<br />
<strong>Shahira</strong> received her undergraduate degree in Economics from the University of Virginia and her<br />
M.A. in Economics from George Mason University.
Financial Planning Association of the National Capital Area<br />
June 8, 2012 Symposium<br />
Title: Risks and Opportunities in the Economy and Stock Market in 2012<br />
Summary:<br />
Financial Planners can form a better alliance with their clients by helping them to understand<br />
the current investment environment. They can also help clients advance by encouraging them<br />
to develop strategies that will strengthen their portfolios. We believe that stocks wi I<br />
outperform bonds over the next year and into the coming decade. Clients who need growth in<br />
their portfolios will need to include equities as part of their investment strategy. Thi session<br />
will help financial planners put recent economic and stock market events in perspec ive.<br />
Content Outline<br />
I. Overview - 10 Minutes<br />
A. A quick review of 2011<br />
B. Setting the stage for 2012<br />
II. What's up with the U.S. economy-and what's not - 10 Minutes<br />
A. The corporate economy<br />
B. The consumer economy<br />
C. The government economy<br />
III. The case for owning stocks - 10 Minutes<br />
A. Earnings drive stock prices (usually)<br />
B. Valuations appear attractive<br />
C. Give me my cash back<br />
D. A longer-term view<br />
IV. What should we worry about? - 10 Minutes<br />
A. Europe<br />
B. China<br />
C. Iran<br />
D. U.S. Politics<br />
V. Conclusion and Audience Q&A - 10 Minutes<br />
About the Speaker<br />
Presenter: Richard England, CFA,Lead Portfolio Manager, Calvert Equity Portfolio, and Managing<br />
Director, Calvert sub-advisor Atlanta Capital Management Company, LLC. Mr. Englandholds an MBA<br />
from The Wharton School, University of Pennsylvaniaand a BSfrom the University of Florida. He has 25<br />
years industry experience. Prior to joining the Atlanta Capital in 2004, Mr. England was with<br />
Putnam Investments in Boston, where he was a Senior Portfolio Manager on the Core Growth<br />
Equity team. Previously, he was with Aetna Equity Investors.<br />
1
[§l American Funds'<br />
Biography<br />
Trey Sgroi is a Senior Vice President of Business Development<br />
and Training for American Funds Distributors. He brings 24 years<br />
of knowledge and experience in the investment industry to the<br />
development and delivery of specialized adviser education.<br />
His specialties include understanding investor behavior, constructing<br />
portfolios, evaluating investments and defining the characteristics<br />
of successful financial advisers.<br />
Trey was previously based in upstate New York, working<br />
with advisers to achieve such key business goals as attracting<br />
and growing assets, acquiring new clients and developing a suc-<br />
cessful practice.<br />
Prior to joining American Funds in 2002, Trey was a Vice<br />
President at Fidelity Investments and at Alliance Capital. He began<br />
his financial services career in 1987 as a financial adviser in<br />
Albany, New York.<br />
Trey earned a bachelor's degree in economics from Siena College<br />
and holds FINRA series 7, 26 and 63 registrations.<br />
He lives in Glenmont, New York, with his wife and three children<br />
and enjoys golf, cooking and coaching his children's baseball and<br />
basketball teams.<br />
The right choice for the long term"<br />
o<br />
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24<br />
Michael S. Barclay, CFA<br />
Senior Portfolio Manager<br />
Michal Barclay is a senior equity portfolio manager at Columbia Management Investment Advisers, LLC (CMIA). Mr.<br />
Barclay is responsible for researching and identifying catalysts for above average earnings growth for capital markets<br />
companies. He joined the firm in 2006 and has been a member of the investment community since 1991.<br />
Prior to joining the firm, Mr. Barclay worked as a senior equity analyst at Fortis Investments. Previously, he was an<br />
investment analyst at MFM International and senior vice president and equity analyst at Independence Investments. Prior<br />
to that, he worked at FleetBoston Financial, Morgan Stanley & Company, Bank of Boston and National Westminster<br />
Bancorp.<br />
Mr. Barclay earned a B.A. in government and a Master of Public Administration (M.P.A.) degree from Cornel University. In<br />
addition, he holds the Chartered Financial Analyst designation.
W. P. Carey's, "Eight Critical Factors in Analyzing a Non-traded REIT"<br />
Now, more than ever, it is important for Advisors to be able to carefully research<br />
the non-traded REITs they recommend to clients. This presentation will provide<br />
Advisors with a REIT tool kit to help differentiate one non-traded REIT from<br />
another. Eight key areas will be discussed to help Advisors research and analyze<br />
REITs to determine which is appropriate and suitable for a client.<br />
Bio:<br />
C. Jay Steigerwald III serves as Senior Vice President of National Accounts for<br />
Carey Financial, LLC, W. P. Carey's broker/dealer subsidiary, and oversees all<br />
broker/dealer relationships for the firm. Mr. Steigerwald is a 25-year veteran of the<br />
financial services industry and has extensive experience building relationships<br />
within the independent broker/dealer community. Prior to joining W. P. Carey, he<br />
was a Vice President at CNL Securities where he managed the Western Region<br />
National Accounts Department. Previously, Mr. Steigerwald was Founder and<br />
CEO of Integrity Investment Partners, Managing Partner of the hedge fund<br />
Prosperity Investors, and the National Account wholesaler at Related Capital.<br />
Mr. Steigerwald earned his B.Sc. in Chemistry at Muhlenberg College in<br />
Allentown, PA. Mr. Steigerwald resides in Hoboken, NJ with his two dogs.
Amory Cockrell is the personal lines manager for Chubb Personal Insurance operating<br />
out of the Baltimore, MD branch. Amory has over 12 years experience in the high end<br />
property and casualty personal insurance industry. Since 1882, Chubb & Son has<br />
provided high end property and casualty insurance to businesses and individuals around<br />
the world. In his current role, Amory is responsible for new business development, risk<br />
management, and sales training for over 50 Independent Insurance Agencies throughout<br />
Maryland, and Washington, DC Metro area. Chubb Personal Insurance utilizes a<br />
network of independent insurance agents to sell its core insurance products and services<br />
to individuals which generate over $100 million in annual written premiums for the DC<br />
territory.<br />
Prior to managing the Baltimore office, Amory worked in the DC branch for six<br />
years, and spent two years in Florham Park, NJ functioning in the marketing specialist<br />
role. Amory started his career as a personal lines underwriter in Bridgewater, NJ, a<br />
position he held for five years before transitioning into his current marketing role.<br />
Amory earned a Bachelor of Arts degree in Psychology and a minor<br />
Communications from Rutgers, The State University of New Jersey, in addition to<br />
maintaining various P&C insurance licenses.
DUNDEEWEALTH<br />
SPEAKER NOMINATION INFORMATION<br />
Company Name DundeeWealth US<br />
Speaker Name Martin Murenbeeld, PhD<br />
Proposed Presentation<br />
Topic:<br />
Theme:<br />
Targeted to Advisors in<br />
Career Stages:<br />
Presentation Outline:<br />
Actionable Ideas for FPA<br />
Members:<br />
Page 1<br />
Gold & the World Economy<br />
Investment Planning<br />
Early (1-5 years)<br />
Mid (6-14 years)<br />
Late (15+ years)<br />
1. An overview of the current investment case for Gold, detailing<br />
both bullish and bearish factors.<br />
2. The growth of Gold as an investable asset and discussion of<br />
various investment vehicles to gain exposure to Gold.<br />
• Gold continues to serve investors as a portfolio<br />
diversifier and inflation hedge.<br />
3. Short, medium and long term price forecasts for Gold and other<br />
commodities.<br />
• Perspective on historical price trends will be critically<br />
important as price volatility among certain<br />
commodities reaches new highs.<br />
• The price of gold and other commodities may fluctuate<br />
based on inflationary and monetary debasement<br />
pressures.<br />
4. Impact of the sovereign debt crisis on the global financial<br />
markets, Gold and other commodities.<br />
• Global monetary and fiscal policy actions will continue<br />
to impact the global economy by increasing inflationary<br />
pressures.<br />
• Currency valuations will continue to have significant<br />
impact on trading deficits.<br />
• Better understanding of Gold as an investable asset and<br />
appropriate portfolio vehicles.<br />
• Investment solutions that may protect client portfolios from the<br />
impact of rising inflation, increasing deficits, a falling US dollar and<br />
volatile commodity prices.
• Insight and perspective on gold as an investable asset, a global<br />
currency and a reliable portfolio diversifier.<br />
Biography: Dr. Murenbeeld is the Chief Economist of DundeeWealth. Dr.<br />
Session<br />
Collateral/Handouts<br />
Murenbeeld has more than 30 years of research and consulting<br />
experience in gold and precious metals, currency, foreign exchange and<br />
credit markets.<br />
Dr. Murenbeeld graduated from the University of California, Berkeley,<br />
with a PhD in International Finance. He joined the faculty at the<br />
University of Toronto to develop the international business curriculum<br />
within their MBA program. In 1978, he founded M. Murenbeeld &<br />
Associates, which provided consulting services on global economic<br />
trends and developments to clients internationally. Murenbeeld &<br />
Associates was acquired by DundeeWealth in 2004.<br />
Known worldwide as an expert on gold, Dr. Murenbeeld is frequently<br />
quoted in the financial press and is a regular speaker at conferences.<br />
His direct clients include many of the world's largest gold mining<br />
companies and organizations. Dr. Murenbeeld is also currently an<br />
adjunct professor in the Faculty of Business at the University of Victoria.<br />
Presentation Slides<br />
Economic Research Reports (Gold Monitor, Financial Monitor,<br />
Economic Monitor, Currency Monitor)<br />
For more information about DundeeWealth US or to request this speaker for a presentation or<br />
educational session, e-mail us at FPATeam@dundeewealthus.com or contact a member of our FPA<br />
Education Team shown below.<br />
Sameer S. Somal, CFA, CFP'"<br />
Senior Investment Analyst, Investment Strategy Group<br />
Office: 610.727.0019<br />
ssomal@dundeewealthus.com<br />
Amy D. Duling<br />
Senior Vice President & Chief Compliance Officer<br />
Office: 610.854.0903<br />
aduling@dundeewealthus.com<br />
Oz Karakus<br />
Senior Investment Analyst, Investment Strategy Group<br />
Office: 610.727.0020<br />
okarakus@dundeewealthus.com<br />
Page 2
Presentation Outline - June 8, 2012<br />
Presenter: Roger Arnold<br />
Mr. Arnold is the chief economist for ALM Advisors, Pasadena, CA, and an economics<br />
columnist for The Street and on the faculty of Lawline.com where he provides continuing<br />
education. Roger Arnold has been involved in real estate and finance for the past 20 years. For<br />
15 years, Arnold was a radio talk show host who lectured on global macroeconomics, the<br />
relationships between political, economic and social systems, and how they are all reflected in<br />
the financial markets. He has also worked for Merrill Lynch and Voss & Co. In early 2007,<br />
Arnold founded Triple Point, a real estate operating company, for the purpose of buying<br />
distressed residential real estate assets.<br />
Presentation: "The ABCs of Global Macro" which is a set of guidelines Mr. Arnold uses, among<br />
many others, to organize the world and view current events from a perspective were Arnold can<br />
consider them with continuity. This approach consists of three principles:<br />
A. As goes housing, so goes the U.S. Economy - 15 Minutes<br />
B. As goes the U.S. economy, so goes the world economy - 15 Minutes<br />
C. What's good for the U.S. is good for the world - 15 Minutes<br />
D. Questions - 5 Minutes<br />
The "ABC's of Global Macroeconomics" is a set of guidelines that I use, among many others, to<br />
organize the world and view current events from a perspective where I can consider them and<br />
place them with continuity. It consists of three principles:<br />
• As goes housing, so goes the U:S. economy.<br />
• As goes the U.S. economy, so goes the world economy.<br />
• What's good for the U.S. is good for the world.<br />
Before analyzing each one in depth, I want to reiterate that these are just guidelines, not rules.<br />
As Goes Housing, so Goes the U.S. Economy<br />
Employment and economic activity directly related to housing, along with its first derivative,<br />
make up the largest segment of the U.S. economy when measured by GDP. This is a point<br />
missed by many pundits when discussing the impact of housing on the economy. Housing as a<br />
direct measurement accounts for between 2% and 3% of annual GDP compared with health care,<br />
which accounts for about 17%.
As a result, many pundits have been arguing that since the collapse of subprime mortgages in<br />
2007 and the related banking crisis of 2008, housing, although still weak, will not have a<br />
detrimental long-term drag on u.s. economic performance.<br />
However, that 2% to 3% only measures the economic impact of two areas: the creation of new<br />
homes and the transfer of all homes. This includes land developers and builders in the first<br />
category and real estate brokerages, mortgage lenders, and title insurance companies in the<br />
second.<br />
What's not included are the jobs and the economic impact of sectors that service existing housing<br />
stock: home repair contractors, lawn services, appliance sales, maid services, pool maintenance<br />
companies, window and siding companies, roofers, plumbers, electricians, painters, movers,<br />
fencing companies and so on.<br />
Once all of the jobs directly related to the service and maintenance of housing are taken into<br />
account, housing's employment and economic impact exceeds healthcare's, putting it in the range<br />
of22% ofGDP.<br />
What's important is that these jobs cannot be exported, have a low barrier to entry, and are<br />
usually performed by small businesses and individuals. That means someone who lost a job in<br />
some other sector can, if necessary, create an opportunity in the housing sector when it is strong.<br />
They can mow lawns or paint houses -- even become a commissioned mortgage loan officer or<br />
real estate agent -- relatively easily. It's a catch-all for those otherwise unable to fmd employment<br />
elsewhere, and it has served in that capacity forever. That's important.<br />
AS'a result, a weak housing sector is a drag on the u.s. economy because those base-level<br />
employment opportunities are lost.<br />
As Goes the U.S. Economy, so Goes the World Economy<br />
The Ll.S. represents about 5% ofthe global population but accounts for the consumption of<br />
between 25% and 33% of all goods and services produced in the world, and about 25% of<br />
production of those goods and services. No other sovereign comes close to the U.S. in its<br />
consumption or production. As a result, the u.s. is the marginal consumer of just about<br />
everything.<br />
That also means that when the u.s. is in recession, the rest of the world experiences a reduction<br />
in exports to the u.s. and, as a result, experiences a negative economic impact that is greater<br />
than in the u.s. In other words, when the u.s. sneezes, the world catches a cold.<br />
Due to the nature of globalization and increased economic activity in developing countries,<br />
especially China, the U.S. has been experiencing a decline in its economic impact on the rest of<br />
the world over the past decade. Because of this, many financial types looking for investment<br />
opportunities and the tailwind of a rising economy have disregarded the immediate and<br />
continuing impact of U.S. consumption and investment on the world's developing countries.<br />
There is a general feeling that the West is declining and the East is rising. But the East,<br />
especially China, did not rise on its own. For 30 years it has relied on two fundamental events:<br />
u.s. consumption and u.s. foreign direct investment. That reliance continues today.<br />
What's Good for the U.S. Is Good for the World<br />
This is the most contentious of the three points, but it is only logical. The world's sovereigns and<br />
domestic companies continue to rely on the consumption oftheir goods and services by the u.s.
So they need a strong U.S. in order to continue growth. And on the current trajectory for<br />
globalization and world growth, assuming it is maintained, this will remain true for at least the<br />
next few generations -- about 40 years.<br />
Global GDP is about $60 trillion. u.s. GDP is about 25% ofthat, or $15 trillion. The European<br />
Union also accounts for about 25% at $16 trillion. So between the U.S. and Europe, the West<br />
still produces half of all goods and services in the world annually.<br />
The rise of the East and the fall ofthe West is a story that is way ahead of its time. Although the<br />
growth rates in the West are lower than they are in the East, the East's growth is still predicated<br />
on consumption and investment from the West. It is good to remember that.<br />
Conclusion<br />
There is no substantive corollary in history to the impact the West, especially the U.S., has had<br />
on human civilization whether it be social, political or economic. This is something most easily<br />
forgotten in the U.S. by its citizens and by investors. It is easy to take for granted that which you<br />
are accustomed to and seek opportunities elsewhere -- after all, familiarity breeds contempt.<br />
But for now, when trying to determine a trajectory for the global economy, it's still important to<br />
understand the trajectory of the U.S. economy and its probable impact on the rest of the world.
Dan Reilly, CIMA®<br />
Regional Consultant and Managing Director<br />
BA, Lynchburg College<br />
MBA, Georgia State University<br />
Dan Reilly is a regional consultant for Thornburg Investment Management.<br />
He joined Thornburg in 1999 as a regional consultant and was named managing<br />
director in 2004. Prior to joining Thornburg, Dan was the assistant vice<br />
president of Business Development for Wells Real Estate Funds and served as<br />
vice president for Keogler Investment Advisory.<br />
Dan received his Certified Investment Management Analyst" designation<br />
from the Investment Management Consultants Association. He earned his B.A.<br />
in Economics from Lynchburg College and an MBA in Finance from Georgia<br />
State University. He is currently registered with FINRA with a Series 24, 7, 63,<br />
and 65. Dan serves financial professionals in the MidAtlantic Region.<br />
Thornburg Investment Management.lnc.®<br />
2300 North Ridgetop Road<br />
Santa Fe. New Mexico 87506<br />
800.847.0200<br />
www.thornburg.com<br />
2118/11<br />
BIO_D_REILLY
Tracy Fielder<br />
Sr. Product Manager<br />
Biography<br />
Tracy Fielder<br />
Sr. Product Manager<br />
NOT FDIC INSURED I MAY LOSE VALUE I NO BANK GUARANTEE<br />
invesco.com/us FIELDER-BIO-1-E-NW 02/12 Invesco Distributors, Inc. 1968<br />
Tracy Fielder is a senior product manager for Invesco covering U.S. Value strategies.<br />
He works with Invesco's U.S. Value investment teams and client portfolio managers to<br />
develop sales/marketing programs, positioning Invesco's product line across all global<br />
distribution channels.<br />
In addition to his other responsibilities, Mr. Fielder is part of a team which develops the<br />
themes, researches the data and presents the concepts of Invesco's Rethinking Risk<br />
thought-leadership program. The Rethinking Risk program is Invesco's approach to<br />
looking at risk holistically by considering market history, investor psychology/behavior,<br />
and asset allocation theory/application. This program and philosophy also looks at the<br />
impact of risk parity as it relates to portfolio construction by diversifying across sources<br />
of risk in relation to various market and economic environments.<br />
Prior to joining Invesco in 2010, Mr. Fielder was vice president of Investment Research<br />
at VALIC (Variable Annuity Life Insurance Co.) responsible for leading a team of analysts<br />
overseeing the selection and monitoring of all mutual funds managers and sub-advisors<br />
utilized for defined contribution retirement plan clients. Before joining VALlC, he<br />
worked as a marketing coordinator at PaineWebber and as an account executive for<br />
Van Kampen Investments. At Van Kampen, he was in charge of marketing and sales for<br />
the Van Kampen mutual fund product line distributed by Morgan Stanley Dean Witter<br />
financial advisors. He entered the financial industry in 1993.<br />
Mr. Fielder earned a Master of Business Administration degree from Houston Baptist<br />
University and a Bachelor of Business Administration degree, cum laude, with a<br />
concentration in finance from the University of Houston. He holds the Series 6 and 63<br />
registrations.
A ArtioGloballnvestors artioglobal.com<br />
Patrick Maldari, CFA<br />
Senior Portfolio Manager<br />
Artio Global Management LLC<br />
Patrick Maldari joined Artio Global Management in 2008 as a Senior Portfolio Manager in the<br />
Fixed Income Group. Prior to that, he spent twenty-two years at Merrill Lynch Investment<br />
Managers where he rose to become a Managing Director and Fixed Income Portfolio Manager.<br />
Patrick holds the Chartered Financial Analyst designation. He also received his Bachelor of<br />
Science degree from Montclair State University.<br />
Artio Global Management LLC is a registered investment adviser and a subsidiary of Artio Global Holdings which is wholly owned by Artio Global Investors<br />
Inc. Experience at Artio Global includes employment at Julius Baer, the firm's prior owner.
Emily Dupre<br />
Emily Dupre is a Regional Director for MFS Fund Distributors, Inc. (MFD), the mutual<br />
fund sales division of MFS Investment Management (MFS). She is responsible for sales<br />
through investment advisors in Virginia and the Washington, D.C. area. Dupre has been<br />
in her current role since 2008.<br />
She joined MFS in 2004 and previous experience includes serving as an internal sales<br />
representative in MFD, supporting field wholesalers.<br />
Dupre holds a Bachelors degree from Northeastern University.
James T. Wong, CFA<br />
Principal<br />
Biographies<br />
Frank J. Lee, CFA<br />
Vice President<br />
1995 - Join~d Payden & Rygel 2004 - Joined Payd~n & Rygel<br />
James Wong, CFA, is a principal and co-manager of both the domestic large-cap and<br />
global equity strategies at Payden & Rygel. He has worked with firm's equity products<br />
since their inception. Wong has over 15 years of equity portfolio management<br />
experience, during which he has managed the breadth of equity styles and market<br />
capitalizations. He has extensive experience managing long/short portfolios, creating<br />
hedging strategies using derivatives and developing customized investment solutions<br />
for client specific needs. Wong is also a member of the Investment Policy Committee.<br />
Before joining Payden & Rygel, Wong was a trader at the Union Bank of Switzerland<br />
where he focused on rnortqaqe-backed securities. Previously, he was in the corporate<br />
finance group at Salomon Brothers Inc.<br />
Wong holds the Chartered Financial Analyst designation and the FINRA series 7, 3<br />
and 63 licenses. Wong received a BS in Economics from The Wharton School,<br />
University of Pennsylvania with a concentration in finance. He earned an MBA from<br />
The Anderson School at the University of California, Los Angeles with an emphasis in<br />
finance.<br />
PAYDEN<br />
MUTUAL FUNDS<br />
F:IGRAP ICSlGonferenceslCorif- 21r;PA NCAIFPA N A-2 ..<br />
Frank Lee is a vice president at Payden & Rygel. He is a member of the equity strategy<br />
group and co-manages the firm's large-cap domestic equity strategies. Lee also<br />
manages the equity trading desk. He is actively involved in all aspects of portfolio<br />
management, including stock selection, risk control, and trading.<br />
Prior to joining Payden & Rygel, Frank Lee was the head equity trader at a statistical<br />
arbitrage hedge fund. Previously, he was a NASDAQ 'market maker at Spear, Leeds, &<br />
Kellogg.<br />
Frank Lee holds the Chartered Financial Analyst designation. He earned a BS in<br />
Economics from The Wharton School, University of Pennsylvania with a concentration<br />
in finance.
Michael Lynch<br />
Vice President, Advanced Markets<br />
Wealth Management<br />
The Hartford<br />
THE<br />
HARTFORD<br />
Michael Lynch is vice president of advanced markets in the Wealth Management division of<br />
The Hartford Financial Services Group, Inc. In his current position, Mike is responsible for the<br />
advanced markets consultants, a team of field-based advanced financial services<br />
professionals, concentrating on retirement-related issues, as well as estate and business<br />
planning support.<br />
Mike joined The Hartford in 1993 as an annuity client service specialist. In 1997, he joined the<br />
Advanced Product Marketing department, where he developed an extensive knowledge of<br />
estate and retirement planning. In 2004, Mike became a regional sales director. In 2006, he<br />
became vice president and national director of The Hartford's Retirement and Wealth<br />
Consulting Group, which provided thought leadership and financial education focused on<br />
retirement and small business planning. Mike has been an invited speaker on a variety of<br />
retirement planning, advanced markets, and other financial topics nationwide.<br />
Mike earned his bachelor's degree in business administration from Eastern Connecticut State<br />
University. He is FINRA Series 6, 63, and 26 registered, and holds a life insurance license. He<br />
currently lives in Charlotte, North Carolina, with his wife, Kim, and their children, Josh and<br />
Em.<br />
Celebrating 200 years, The Hartford (NYSE: HIG) is an insurance-based financial services<br />
company that serves households, businesses, and employees by helping to protect their<br />
assets and income from risks, and by managing wealth and retirement needs. A Fortune 500<br />
company, The Hartford is recognized widely for its service expertise and as one of the<br />
world's most ethical companies. More information on the company and its financial<br />
performance is available at www.thehartford.com.<br />
"TheHartford"isTheHartfordFinancialServicesGroup,Inc.anditssubsidiaries, includingthe issuingcompaniesof the HartfordLifeInsuranceCompanyand<br />
HartfordLifeandAnnuityInsuranceCompany.<br />
HartfordLifeDistributors, LLCis a registeredbrokerdealerandsubsidiaryof TheHartford<br />
All informationandrepresentations hereinareasof 11/10,unlessotherwisenoted.RSG307/ANN1271811/10
~ I Putnam<br />
INVESTMENTS<br />
Christopher P. Hennessey<br />
Lawyer and CPA<br />
Member, Putnam Business Advisory Group<br />
Faculty Director, Babson College Executive Education<br />
Responsibilities<br />
BIOGRAPHY<br />
Mr. Hennessey has extensive consulting experience in all areas of wealth management. Although no longer<br />
an active partner, he is a co-founder of an investment advisory firm that manages financial assets for highnet-worth<br />
individuals. He is also a former academic dean of the Babson College undergraduate program<br />
and formerly served as co-acting dean of Babson Executive Education. Mr. Hennessey currently serves as<br />
Trustee for a private college, and serves on the board of directors of the largest independent food service<br />
distributor in New England. He has served as an advisor to a number of businesses.<br />
Mr. Hennessey is a member of the Putnam Business Advisory Group, Putnam's national speaking bureau.<br />
He speaks extensively at various national and regional meetings on wealth management topics such as tax,<br />
estate, retirement, and college planning, as well as asset protection. Mr. Hennessey has instructed<br />
managers and executives in most areas of the world in the areas of finance, investments, accounting,<br />
strategy, and entrepreneurship. His research interests include finance, estate planning, innovation, and<br />
ethics. Mr. Hennessey has made numerous radio and television appearances, and is often quoted in print<br />
media.<br />
He is a member of the American Bar Association, the Massachusetts Bar Association, the American<br />
Institute of Certified Public Accountants, and the Massachusetts Society of Certified Public Accountants. As<br />
an instrument-rated private pilot, Mr. Hennessey is also a member of Angel Flight New England.<br />
Mr. Hennessey has been involved in events for both financial advisors and shareholders for Putnam. For<br />
financial advisors, he has delivered presentations on wealth management strategies; retirement, college,<br />
IRA distribution, and estate planning; advanced estate planning topics, charitable remainder trusts; and<br />
asset protection strategies to safeguard wealth. He has also given presentations and conducted meetings<br />
with advisors and shareholders on wealth management topics and strategies. His shareholder events with<br />
Putnam include speaking at client appreciation events on topics such as estate, tax, college, and<br />
retirement planning; speaking on asset protection and tax strategies for target audiences such as medical<br />
professionals or business owners; and conducting dinner events with key advisor clients to discuss current<br />
wealth management topics.<br />
Education<br />
Babson College, B.S.BA, 1972<br />
Suffolk University Law School, J.D., 1976<br />
Boston University Law School, LL.M., Taxation, 1979<br />
03/10/11
Peter Barnes<br />
Senior Washington Correspondent, FOX Business Network<br />
P-eter Barnes joined FOX Business Network (FBN) in September 2007.<br />
He serves as FBN's senior Washington correspondent.<br />
Until 2004, Barnes served as the Washington bureau chief and<br />
correspondent for television group Hearst-Argyle. He has also worked at<br />
numerous business programming outlets, including TechTV from 2001 to 2003,<br />
where he was the Washington bureau chief for the satellite channel which<br />
specialized in technology coverage.<br />
Barnes served as an anchor and Washington correspondent for CNBC<br />
from 1993 to 1998. In 1996, he anchored Capitol Gains, an election year<br />
weekday morning show on business, economics, and politics. Barnes received a<br />
Cable ACE Award while at CNBC for a special series on retirement.<br />
A graduate of Pennsylvania State University with a Bachelor of Arts in<br />
political science, Barnes also holds a Masters of Business Administration from<br />
the Wharton School at the University of Pennsylvania.<br />
Barnes was born in Rochester, NY and raised in Philadelphia, PA.<br />
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