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Member Ad: |
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New Monthly Feature: Showcase your work!
Attention all CFA Society of MN members: We are seeking your valuable original content!
We are looking for interesting relevant investment-related content that has been researched, written and published by local members holding the CFA designation. Articles fitting this description will be included regularly in our email broadcasts. All content will be reviewed before redistribution and not all content will be accepted. Please, no sales pitches! A brief introduction to your article will be included in our e-newsletter, along with a link to the article on either your firm's website or www.cfamn.org. A nominal fee will be charged. (Something less than a banner ad on Yahoo's homepage, but more that a cup of Starbucks coffee.) With more than 3,500 on this distribution list, this is a great way to showcase your work and drive traffic to your firm's website.
If you have written something, or would like to, please contact Maren Amdal for more details. The article below is an example of what we seek. We are very excited for this opportunity to showcase our members! |
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MENTORS WANTED! |
CFA Minnesota is looking for volunteers willing to mentor new members and candidates in the CFA program. This entails just a few hours of your time and helps introduce candidates to the Society. Please contact Josh Howard for more details. |
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Board Member Spotlight |
| Michael J. Toay
Chair, Annual Economic Dinner Sub-comittee
As a senior portfolio manager, Mike builds customized portfolios for high net worth individuals, foundations, endowments and corporate retirement plans. The portfolios are tailored to meet each client's needs and may include individual stocks, bonds, ETFs, professional third-party portfolios (SMAs) and non-traditional assets, such as hedge funds and commodities. Mike closely monitors the portfolio asset allocations and sector diversification relative to appropriate benchmarks, as well as internal asset allocation guidelines. He utilizes a wide range of external and internal research to make the best investment decisions for his clients. Mike has over 25 years of experience working in the financial industry. Mike started working for E.F. Hutton in 1983, and has spent the past 16 years with U.S. Bank. He received his bachelor's degree from the College of St. Thomas and his MBA from the University of St. Thomas in St. Paul, Minnesota. Mike is a member of the CFA Institute and also serves on the board of directors for the CFA Society of Minnesota. |
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Board of Directors Committee Updates |
Business/Financial Committee
Chair Jessica Murray would welcome new committee members.
Education Committee
Have an interest in supporting candidates or improving educational opportunities? Contact Chair Steve Hulme.
Employment Committee
Chair Kristine Mogollon is working to expand our current offerings to members seeking employment.
Membership Committee
This active committee is enhancing our new Mentor program. Contact Chair Jay Alexander with questions.
Programs Committee
Have you noticed the number of great programs we've offered recently? We always welcome suggestions. Send them to Chair Dan Aronson.
Public Awareness Committee
Coming to a TV near you: Look out for CFA MN spots on TPT! Want to help with this and other CFA MN outreach? Chair Karen Florez will be glad to chat.
Planning Committee
Vice President Robert Buss is helping oversee execution of the 2009-10 Annual Plan. |
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Welcome New Members! |
More than 80 new members joined CFA Minnesota in September. Welcome! |
Financial Funnies
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"In today's economy, it's important to diversify. Put some of your money under your mattress, some in a cookie jar, bury some in your back yard..."
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Recommended Reading |
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The Little Book that Builds Wealth: The Knock-out Formula for Finding Great Investments, by Pat Dorsey, CFA
 In The Little Book That Builds Wealth, author Pat Dorsey, CFA-the Director of Equity Research for leading independent investment research provider Morningstar, Inc. and our September Luncheon Speaker-reveals why competitive advantages, or economic moats, are such strong indicators of great long-term investments and examines four of their most common sources: intangible assets, cost advantages, customer-switching costs, and network economics. Along the way, he skillfully outlines this proven approach and reveals how you can effectively apply it to your own investment endeavors.
Click here to for more information about this and other recomended reading available for purchase through our Amazon.com Store! |
| Registering for Events |
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A note about event registration through our new website:
We are now taking advantage of the registration portal provided by CFA Institute. The new improved system includes attendance tracking, automatic application of CE credits, and an estimated savings for our society of more than $10,000 per year.
Using the system is simple. Each individual registrant must have a CFA Institute website log-in name and password. All that is required is first/last name and a valid email address. Unfortunately, at this time the new system does not allow guest registration in the same way our previous application allowed. Guests are welcome, but will need to have their own user name and password. As host, you are welcome to create this account for them. On-site registrations will be allowed as available, payable with check or by registering online on-site. |
| Networking |
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Join the CFA Minnesota Linkedin Group! |
| Social Networking |
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We have recently started a Facebook Group. Click here to begin networking with colleagues through this social networking utility. |
| Join Our List |
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New Monthly Feature!
Attention employers, recruiters and HR Personnell
Each day, more than 100 unique visitors review positions posted on our Job Board. To raise even greater awareness of your position posting, we're excited to offer this new monthly newsletter feature. For more information on being spotlighted, click here. | |
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Greetings!
October; What an exciting month for CFA MN! On the heels of an excellent luncheon last week with Pat Dorsey of Morningstar, we are pleased to offer two fantastic programs this month: A panel event offered in partnership wtih UST Law & Economics Society next Thursday afternoon and a very timely luncheon called "Retail in the Detail" the following Wednesday.
Additionally, we hope you've all marked your calendars to attend this years' Annual Meeting and New Charterholder Dinner on October 29th. With the two highest representatives of the global CFA Institute in attendance, this is an evening you won't want to miss! Sponsorships for this fantastic event are available now.
We look forward to seeing you soon!
Sincerely,
Maren Amdal, Executive Director
CFA Society of Minnesota |
| FOOD FOR THOUGHT: Monthly Member Missive |
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| The End of the World as We Know It...
And I feel fine! |
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MPMG Market Summary
2nd Quarter, 2009
Minneapolis Portfolio Management Group (MPMG) is an all-cap, value based, investment management firm that has been managing assets for individuals, families, and institutions for more than 14 years. MPMG's 2nd quarter, 2009 newsletter explores the current mood of Wall Street - markets dominated by the "nattering nabobs of negativism"...to quote the late Spiro Agnew.
MPMG fully comprehends the real and significant challenges facing the economy. What we don't buy into are the analyses that extrapolate today's problems as the start of a "forever" trend. To best capitalize on our current volatile markets, MPMG believes a sense of history is always important. The markets have confronted a number of "end of the world" challenges in our not so distant past, and yet, in each case...astute investors have always ended up feeling fine.
Faced with the barrage of negative domestic news it can be difficult to see the positive developments taking place beyond our boarders. This is a typical case of investors needing to step back from the trees to see the forest. We hope this article helps you to do just that!
Best Regards,
Phil Grodnick
Harrison Grodnick, CFA |
| Financial Servies and the US Economy: 10/08/09 |
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The purpose of this special event is to provide investors, analysts and lawyers with an understanding of upcoming changes in financial services as it responds to the past year's market upheavals. This high-caliber panel of topics and speakers includes:
Current Perspectives in US Finance
Dr. Heino Beckmann, Professor
Opus College of Business, University of St. Thomas
Future Perspectives of Banking and Finance
Robert Schnell, Partner
Faegre & Benson
The Changing Environment of Service
Bridget Sperl, Senior Vice President
Ameriprise FinancialThe Bank Stress Test
Michael Cavanaugh Blaes, Senior Legal Council
US Bancorp
Panel Discussion / Q&A
Moderated by Professor Elizabeth R. Schiltz
University of St. Thomas School of Law
This presentation is offered by CFA MN in cooperation with the University of St Thomas School of Law: Law & Economics Society. NEXT WEEK!
Thursday, October 8th, 2009
4:00pm - 6:00pm
University of St. Thomas
Minneapolis, MN 55402
$35/Members, $45/Non-Members |
| Retail in the Details: 10/14/09 |
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Should I Stay or Should I Go Now?
A panel discussion with the two top rated Retail analysts discussing the critical Back To School season and the outlook for Holiday sales
Deb Weinswig
Deborah Weinswig leads the Retailing/Broadlines, Food & Drug, and Home Improvement team at Citi Investment Research.In 2008, Deborah received the First Place ranking for Retailing/Department Stores and Broadlines as well as Third Place in Food & Drug in the 2008 Institutional Investor Survey. This marked the fifth consecutive year that she received the First Place ranking in the Retailing/Department Stores and Broadlines sector. ( more...)
Jeffrey Klinefelter
 Jeff Klinefelter is a managing director and senior research analyst on the consumer team at Piper Jaffray focusing on specialty retailing, youth/teens; mass merchandising; and apparel and footwear brands. Klinefelter was ranked the No. 1 stock picker for 2005, 2006 and 2008 in textiles apparel and luxury goods by Starmine and the No. 2 stock picker in clothing and accessories for 2005 in the Wall Street Journal survey. ( more...)
WEDNESDAY, October 14th, 2009
11:45am - Registration opens
12:15pm - Program begins
NOTE: Time and Day are different from our norm.
Raddison Plaza Hotel Minneapolis
New Sweden Conference Room
35 South 7th St.
Minneapolis, MN 55402
$35/Members, $45/Non-Members |
| New Charterholder Dinner: 10/28/09 |
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Network with top CFA leaders and congratulate our newest Charterholders!
The Annual society celebration recognizing our newest CFA Charterholders and those candidates who passed Level 3 will be held this year on Thursday October 28th, 2009 at the Millennium Hotel Minneapolis. We welcome all members and guests to this gala event recognizing the accomplishments of our more than 70 new Charterholders.
We are thrilled to welcome two very special guests to this year's event: the new CEO of CFA Institute, John Rogers and the Chair of CFA Institute's Board of Governors, our very own Tom Welch. It is a unique opportunity indeed to receive your charter from the hands of those who signed it!
We've invinted more than 70 graduates and New Charterholders to be honored at this event. Does your firm have one or several graduates this year? Support them by sponsoring a table and attending this gala event. Talk to Maren Amdal for more information on sponsorship. We do hope you'll join us for this special event and help your colleagues celebrate their success.
Thursday, October 28th, 2009
6:00pm - Registration and Networking Reception
7:00pm - Dinner and brief Membership Meeting
7:30pm - Speaker comments
8:00pm - Candidate Recognition and Presentation of Charters Millennium Hotel Minneapolis
1313 Nicollet Mall
Minneapolis, MN 55403
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Annual Economic Dinner: 1/28/10 |
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Save the Date!
CFA Minnesota is excited to announce American political and cultural commentator, and columnist for the New York Times, David Brooks as the Speaker at our upcoming Annual Economic Dinner! More information is coming soon, but be sure to mark your calendars now!
David Brooks' Op-Ed column in The New York Times started in September 2003. He has been a senior editor at The Weekly Standard, a contributing editor at Newsweek and the Atlantic Monthly, and he is currently a commentator on "The Newshour with Jim Lehrer." He is the author of "Bobos In Paradise: The New Upper Class and How They Got There" and "On Paradise Drive : How We Live Now (And Always Have) in the Future Tense," both published by Simon & Schuster.
Thursday, January 28th, 2010
Hyatt Regency Minneapolis
1300 Nicolett Mall
Minneapolis MN 55403
Registration will Open Soon
$95/Members, $135/Non-Members
Is your firm interested in Sponsoring this great event? The earlier you Sponsor, the more promotional opportunity!
Contact Maren Amdal for information
on Sponsoring this gala event! |
| ACG MN: October Luncheon 10/20/09 |
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 "Too Big to Fail"
Speaker, Gary Stern
Tuesday, October 20th, 2009
11:30am - 1:15pm
Marquette Hotel
Minneapolis, MN
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| FPA MN: Symposium 2009 10/21-22/09 |
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Mark your calendars now for Wednesday and Thursday, October 21-22, Minneapolis
Convention Center. This conference features some very notable speakers, as well as the
required CFP Code of Ethics. With a target of 13 credited hours, programs have been designed to comply with the principles of the Certified Financial Planner Board of Standards, the NASBA/
CPE credits, MN and WI Insurance and some CLE Continuing Education.
October 21st and 22nd, 2009
Minneapolis Convention Center
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Senior Research Analyst - Equity |
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Employer: FAF Advisors
Location: Minneapolis, MN
Initiates and conducts research relating to investment suitability of various individual or classes of securities using sources such as annual or industry reports, trade journals, technical periodicals, and brokers' and management reports. Discusses with senior management of assigned corporations items such as industry or company trends in research and development, order backlogs, current and projected sales, trade position, labor relations and plant capacity. Discusses various companies and industries with other professional securities analyst both inside and outside the company. Prepares, or supervises the preparation of research reports to be presented to investment officers or committees that often include buy, sell or hold recommendations. Assists in analyzing the composition of investment portfolios and recommending portfolio strategies to fulfill investment objectives.
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| Scholarship Application Deadline: Dec. 31 |
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CFA Minnesota will distribute scholarships for June exams. Apply Now!
 CFA Minnesota is pleased to offer scholarships to candidates taking the CFA exams. Society scholars pay only $220; all other exam registration costs are reimbursed. The deadline to apply for scholarships for June 2010 is December 31st, 2009.
Click here for more information and application material for CFA Minnesota Scholarships. |
| BSAS Practice Exam |
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CFA Minnesota will again make available these high-quality exam prep aids. Order yours Now!
 CFA Minnesota is pleased to offer two options for exam study support through BSAS. Click here for more information and to order your copy today! |
| December Level 1 Candidate Study Group |
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Are you looking for a study group for Level 1?
 CFA Minnesota is working with member volunteer Travis Hoium to coordinate a study group for Level 1 candidates. Please contact Travis if you'd like to be involved with a study group! |
| Volunteer for your Society: |
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Work with one of our many committees!
Have you thought about volunteering for CFA MN but don't know how you might contribute? A Fall Volunteer Orientation session has been scheduled for 9:00am on Thursday October 15th. To learn how to get involved and RSVP for this session, contact Maren Amdal today. | |
Do you think the new Charterholders had to pass a more difficult series of exams than you did?
Click here to let us know! | |
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