6-15-11 - Annual Meeting - PowerPoint
Transcript of 6-15-11 - Annual Meeting - PowerPoint
Strategy Overview
Strategy Overview│ 3
In 2009, the Strategic Planning Committee identified three primary strategic objectives:
■ Emphasize outreach to our members and candidates
■ Explore ways to add value to our Charter
■ Promote the Charter and our membership in the local financial community
Initiatives to meet those objectives:■ Increase the number of luncheons and provide member networking opportunities
through social events
■ Partner with other members of the financial community to sponsor events
■ Sponsor a local competition of the Global Investment Research Challenge
■ Expand the Society’s university outreach beyond GVSU and WMU
■ Use our existing media network more proactively
■ Financial Update: Where did the money come from and where did it go?
■ Membership: How many members did we have, do we have and will we have?
■ Public Awareness: Who needs to know what and how are we telling them?
■ Programming: What did we do, when did we do it, and where did we do it?
■ Technology: What’s a WebEx and how do I get one?
■ Education: How many scholarships did we hand out? Who in their right mind would take a mock exam?
■ Strategic Initiatives: What’s a GIRC? Level 2 funding: What is it and what are we doing with it? Advocacy: What’s CFAI up to and how does it affect us?
■ Proxy: Who’s in, who’s out?
■ Investment Forecasting Awards: Who won?
Presentations
Presentations│ 4
Financial Update│ 6
Fiscal 2009 Fiscal 2010 Fiscal 2011 YTD $-
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
Member Dues Member Dues
Member Dues
Guest FeesGuest Fees
Guest Fees
Revenue HistoryCFA West Michigan Society
Financial Update│ 7
Fiscal 2009 Fiscal 2010 Fiscal 2011 YTD $(500)
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$1,446
$(240)
$2,410
Net Income (Loss)CFA West Michigan Society
Financial Update│ 8
Fiscal 2009 Fiscal 2010 Fiscal 2011 YTD $-
$5,000
$10,000
$15,000
$20,000
$25,000
Financial Position SummaryCFA West Michigan Society
Total Surplus Cash
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
0102030405060708090
100
Enrollments Charterholders
Membership│ 10
Enrollments versus Charterholders
• Jason Balgavy, CFA• Greg Bosch, CFA• Ben Carlson, CFA• David Hodge, CFA• Brandon Lund, CFA• Jaime Mauppin, CFA• Steve Osterink, CFA• Dan Rinzema, CFA• Wei Sun, CFA
Membership│ 11
Congratulations New Charterholders
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
0
20
40
60
80
100
120
Charterholder Non-Charterholder Guest
Membership│ 12
Total CFA West Michigan Membership
1994
1997
2000
2003
2006
2009
2012
2015
2018
2021
2024
2027
2030
2033
2036
2039
2042
2045
2048
0
100
200
300
400
500
600
Congratulations New Charterholders │ 13
The Magic of Compounding
564
■ The Public Awareness efforts of CFA West Michigan are designed to support the Society’s mission across disciplines
■ Our outreach and communications are targeted to a variety of groups:• Our members• The broad financial and
professional community• General public
■ We employ a variety of channels from traditional media to new media
Public Awareness – Who needs to know?
Public Awareness│ 15
Public Awareness│ 16
■ Ongoing updates for monthly meetings and presentations
■ News for special events• Panel Discussions• Global Investment Research
Challenge• Outreach events at Universities• Joint events (World Affairs
Council)
■ Recognition of achievements
What are we telling
them?
■ Traditional methods – press releases, outreach to West Michigan business and traditional media (Grand Rapids Press, Business Journal, MIBiz, etc.)
■ Electronic distribution – e-mails to members, posting of press releases to our website
■ Alternative channels – such as event calendars on media websites (GR Chamber of Commerce, Broadcast TV Stations, etc.)
■ Advertising
How are we telling them?
Public Awareness│ 17
■ Educate Members and Provide Opportunities for Networking
■ Build Luncheon Presentations around Recurring Events - start the season with Eurasia Group- start the New Year with Mitch Stapley- end the season with the Federal Reserve
■ We have tried (and will continue to try) new things- CFA Connect- late afternoon meeting- GVSU meeting- Kalamazoo meeting
Programming Goals
Programming│ 19
■ Aug ‘10 – Geopolitical Risk: Emerging Trends and Hot SpotsWillis Sparks, Eurasia Group
■ Sept ‘10 – Opportunities of Investing in the Real China Tim and Ping Liang, AlphaMax Advisors
■ Oct ‘10 – Frontier MarketsLarry Speidell, Frontier Asset Management
■ Nov ‘10 – Managing Bonds in Today’s MarketplaceChris Vincent, CFA, Willaim Blair & Company
■ Dec ‘10 – Market OutlookSteve Heck, CFA, MFS
Luncheon Presentations
Programming│ 20
■ Jan ‘11 – Bond VigilantesMitch Stapley, CFA, FifthThird
■ Feb ‘11 – Currency: Driving Forces and DiversificationKieran Osborne, CFA, Merk Investments
■ Apr ‘11 – US Economic OutlookPaul Traub, Chicago Federal Reserve Bank
■ June ‘11 – Society Annual Meeting
In the future…
■ Sept ‘11 – Geopolitical RiskEurasia Group
Luncheon Presentations
Programming│ 21
■ CFA Connect- informal gatherings after business hours to provide networking opportunities for members, candidates and guests
■ CFA Christmas Party- held at the GRAM including dinner and tour of the special Diana: A Celebration exhibit
Social Opportunities
Programming│ 22
Ideas ■ If you have ideas for luncheon presentations or social events, please let us know.
■ Announcements■ Calendar■ Presentation Archive■ Job Postings■ Proxy Voting■ CFA Program and Membership
Information■ Industry Links
Website Services
Technology│ 24
Society Scholarships
Education│ 27
December 2010 4 scholarshipsJune 2011 7 scholarships
Total 11 scholarships*
*We obtained 1 scholarship through the society scholarship sharing program
Education│ 28
CFA Reception and Information Session – March 24, 2011
The Speaker for the session was William Trent, the CFA Director of Exam Development for the CFA Institute. Participants included 47 students and finance professionals from the area, 8 CFA candidates, 6 Faculty Members from GVSU, and Four CFA West Michigan Society members.
Education│ 29
CFA Mock Exam
The Mock exam was a six hour examination under CFA test conditions administered on May 21. The exam was jointly sponsored by GVSU, Kaplan/Schweser, and CFA West Michigan Society
Level I 16 participantsLevel II 4 participantsLevel III 7 participants
Total 27 participants
Strategic Initiatives│ 31
Strategic Initiatives
■ Strategic Planning – Continue Implementation
Board Member ChampionsOptimize Strategic Objectives per OfferingMore Discrete Goals / Benchmarking
■ Regional / International Best Practices Sharing
CFA ConnectProfessional AssociationsMember CommunicationsAdvocacy to GovernmentCareer Services
Strategic Initiatives│ 32
Strategic Initiatives ■ College Outreach
Global Research Investment Challenge
Level 2 Funding Initiative
■ Technology
Website – news, events, registrations
WebExCareer ServicesSocial Media
■ Director Elections■ Ted Fuger, CFA 2012■ Greg Bosch, CFA 2014■ Len Harrison, CFA 2014
■ Maximum Size of Board (8 persons)
■ Note: Directors Not Standing for Election
■ Andrew Mason, CFA 2012
■ Martin Axelrod, CFA 2012
■ David Hodge, CFA 2012
■ Ryan Allen, CFA 2013
■ Jeff Tryka, CFA 2013
2011-12 Proxy Items
Proxy│ 34
3.90%3.60%3.56%3.50%3.15%3.05%3.00%2.70%2.65%
Investment Forecasting Awards│ 36
10-Year U.S. Treasury Note Yield
Aircastle LimitedAtmel
Devry Inc.Jacobs Engineering
Spartan MotorsSusser Holdings
TurkcellX-Rite Corp.
Investment Forecasting Awards│ 40
Individual Stock Selection