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The CFA West Michigan Society State of the CFA West Michigan Society June 15, 2011
The CFA West Michigan Society
State of the CFA West Michigan Society
June 15, 2011
Introductions and Strategy Overview
Introductions and Strategy Overview│ 2
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: Ryan Allen, CFA
Financial Update│ 5
Financial Update│ 6
Member Dues Member Dues
Member Dues
Guest FeesGuest Fees
Guest Fees
$-
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
Fiscal 2009 Fiscal 2010 Fiscal 2011 YTD
Revenue HistoryCFA West Michigan Society
Financial Update│ 7
$1,446
$(240)
$2,410
$(500)
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
Fiscal 2009 Fiscal 2010 Fiscal 2011 YTD
Net Income (Loss)CFA West Michigan Society
Financial Update│ 8
$-
$5,000
$10,000
$15,000
$20,000
$25,000
Fiscal 2009 Fiscal 2010 Fiscal 2011 YTD
Financial Position SummaryCFA West Michigan Society
Total Surplus Cash
Membership: Andrew Mason, CFA
Membership│ 9
0
10
20
30
40
50
60
70
80
90
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
0
20
40
60
80
100
120
Charterholder Non-Charterholder Guest
Membership│ 12
Total CFA West Michigan Membership
0
100
200
300
400
500
600
1994 2002 2010 2018 2026 2034 2042 2050
Congratulations New Charterholders │ 13
The Magic of Compounding
564
Public Awareness: Jeff Tryka, CFA
Public Awareness│ 14
■ 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
Programming: Greg Bosch, CFA
Programming│ 18
■ 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 Spots
Willis Sparks, Eurasia Group
■ Sept ‘10 – Opportunities of Investing in the
Real China
Tim and Ping Liang, AlphaMax Advisors
■ Oct ‘10 – Frontier Markets
Larry Speidell, Frontier Asset Management
■ Nov ‘10 – Managing Bonds in Today’s
Marketplace
Chris Vincent, CFA, Willaim Blair & Company
■ Dec ‘10 – Market Outlook
Steve Heck, CFA, MFS
Luncheon
Presentations
Programming│ 20
■ Jan ‘11 – Bond Vigilantes
Mitch Stapley, CFA, FifthThird
■ Feb ‘11 – Currency: Driving Forces and
Diversification
Kieran Osborne, CFA, Merk Investments
■ Apr ‘11 – US Economic Outlook
Paul Traub, Chicago Federal Reserve Bank
■ June ‘11 – Society Annual Meeting
In the future…
■ Sept ‘11 – Geopolitical Risk
Eurasia 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.
Technology: Alan Kort
Technology│ 23
■ Announcements
■ Calendar
■ Presentation Archive
■ Job Postings
■ Proxy Voting
■ CFA Program and Membership
Information
■ Industry Links
Website Services
Technology│ 24
■ Online RSVP
■ WebEx
Additional Services
Technology│ 25
Education: Larry Blose, Ph.D.
Education│ 26
Society Scholarships
Education│ 27
December 2010 4 scholarships
June 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 participants
Level II 4 participants
Level III 7 participants
Total 27 participants
Strategic Initiatives: Martin Axelrod, CFA
Strategic Initiatives│ 30
Strategic Initiatives│ 31
Strategic
Initiatives
■ Strategic Planning – Continue Implementation
Board Member Champions
Optimize Strategic Objectives per Offering
More Discrete Goals / Benchmarking
■ Regional / International Best Practices Sharing
CFA Connect
Professional Associations
Member Communications
Advocacy to Government
Career Services
Strategic Initiatives│ 32
Strategic
Initiatives■ College Outreach
Global Research Investment Challenge
Level 2 Funding Initiative
■ Technology
Website – news, events, registrations
WebEx
Career Services
Social Media
Proxy: David Hodge, CFA
Proxy│ 33
■ 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
Investment Forecasting Awards
Investment Forecasting Awards│ 35
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
Dave Mange 3.05%
Investment Forecasting Awards│ 37
10-Year U.S. Treasury Note Yield
1322
1313
1200
1180
1165
1143
1126
1100
1050
Investment Forecasting Awards│ 38
Standard & Poor’s 500 Index
Jay Wisentaner 1322
Investment Forecasting Awards│ 39
Standard & Poor’s 500 Index
Aircastle Limited
Atmel
Devry Inc.
Jacobs Engineering
Spartan Motors
Susser Holdings
Turkcell
X-Rite Corp.
Investment Forecasting Awards│ 40
Individual Stock Selection
Ryan Allen Atmel 144.23%
Aircastle Limited 39.18%
X-Rite Corp. 32.32%
Jacobs Engineering 26.36%
Susser Holdings 23.20%
Devry Inc. 14.79%
Spartan Motors 11.40%
Turkcell -6.94%
Investment Forecasting Awards│ 41
Individual Stock Selection
