CFA Connect
The Newsletter of the CFA Society of Minnesota |
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| Next Event: |
4pm - Rand Tower, 13th Flr
5:30pm - Lyons Pub
7pm - Twins v. White Sox |
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Sponsor Ad: | |
CFA Minnesota appreciates all of our sponsors, including:
Want to promote your firm through an ad like this? Click here. |
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Board of Directors Slate of Nominees for the
2010-11 Fiscal Year |
The membership of the CFA Society of Minnesota will be invited to participate in the election of new board members either in person at our Annual Meeting on August 19th, or via electronic ballot. Electronic ballots will be distributed to current members via email at 9am on August 16th. Voting will close at 4:15pm on August 19th, at which time votes will be tabulated. Final results will be announced at the meeting, as well as in the September E-Newsletter.
The following slate, having been duly reserached and recomended by the Nominating Committee, has been approved through internal ballot by the Board. We welcome any feedback from our members by August 13th.
Executive Committee
President
- Leyla G. Kassem, CFA - Wells Capital ManagementPresident
Vice President - Robert L. Buss, CFA, CIPM - Disciplined Growth Investors
Secretary - Michael W. Seppelt, CFA - Lowry Hill
Treasurer - Jessica D. Murray, CFA - Thrivent Asset Management
Immediate Past President - Anthony P. Carideo, CFA - The Carideo Group
Daniel R. Aronson, CFA - Tealwood Asset Management
Gregory Baranivsky, CFA - First American Funds
Kim M. Brustuen, CFA - US Bank
Karen A. Florez, CFA - Wells Fargo Private Bank
Derek R. Hoyt, CFA - KDV Wealth Management
Joshua T. Hill, CFA - Windsor Financial Group
Joshua M. Howard, CFA - AgriBank, FCB
Steven J. Hulme, CFA - Securian Trust Company
Ben D. Johnson, CFA - Speece-Thorson Capital
Michael A. Lingvall, CFA - Finacorp Securities
Todd A. Mangis, CFA, CIMA - Merill Lynch
Annette M. Masterson, CFA - Travellers
Kristine J. Mogollon, CFA - Thrivent Financial
Mark A. Mooers, CFA - BlackRiver
Mark E. Peiler - BNC Bank
Teresa J. Richardson, CFA - State Board of Investments
Sam Smith - Peregrine Capital
Jacob M. Seltz, CFA - Wells Fargo
David R. Spangler, CFA - Thrivent Asset Management
Greg C. Zick, CFA - ELCA Board of Pensions
Emeritus - Patrick M. Coleman, CFA - Jeffrey Slocum & Associates, Inc.
Emeritus - Jeffrey R. LeMunyon, CFA - Linwood Capital, LLC
Ex Officio - Maren L. Amdal - The CFA Society of Minnesota |
| Welcome New Members |
12 new members
joined CFA Minnesota in July. Welcome! |
Financial Funnies
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"I have 1,872 Facebook friends, so I figure at least ONE of them will be willing to support me in my old age!" | |
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Recommended Reading | |
E-Myth Revisted: Why Most Small Businesses Don't Work and What To Do About It.
In this first new and totally revised edition of the over two million copy bestseller, The E-Myth, Michael Gerber dispels the myths surrounding starting your own business and shows how commonplace assumptions can get in the way of running a business. Next, he walks you through the steps in the life of a business -- from entrepreneurial infancy through adolescent growing pains to the mature entrepreneurial perspective: the guiding light of all businesses that succeed -- and shows how to apply the lessons of franchising to any business, whether it is a franchise or not. Finally, Gerber draws the vital, often overlooked distinction between working on your business and working in your business. After you have read The E-Myth Revisited, you will truly be able to grow your business in a predictable and productive way.
Michael E. Gerber is the founder and CEO of E-Myth Worldwide, based in Santa Rosa, California. He is also the bestselling author of The E-Myth Contractor, The Power Point, The E-Myth, The E-Myth Revisited, and The E-Myth Manager, as well as a highly sought-after speaker and small business revolutionary.
Click here to for more information about this and other recommended reading available for purchase through our Amazon.com Store! Every time you shop at Amazon.com, you can support your local CFA Society. Simply purchase through our Amazon.com portal - located on our home page and our NEW Recommended Reading page. |
| 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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Greetings!
It's Twins Time, here at CFA Minnesota! Please join us for our Annual Meeting event on August 19th - Details below. We have worked hard during the month of July to prepare a comprehensive plan for our new fiscal year, which starts September 1st. We'll be presenting our new Annual Plan and budget, as well as ratifying our new board slate, after which we'll celebrate with happy hour and Twins baseball. It'll be informative and fun -- Please join us!
A big congratulations to all of our local CFA exam candidates who are receiving exam results during this time. We look forward to continuing to support candidates through educational resources, and to honoring new Grads at our October New Charterholder Dinner - Save the day: Thursday, Oct. 28th, 2010.
We hope to see you at one of our many upcoming events, and we encourage you to make the most of your membership by getting involved!
Maren Amdal, Executive Director
CFA Society of Minnesota |
| FIRM SPOTLIGHT:
Monthly Member Missive |
Would you like to feature your firm in an upcoming newsletter? Click Here. | |
Seeking Income by Windsor Financial Group's David Koch | |
Investors are in limbo. The economy is beginning to recover, and a sustained recovery carries the risk that interest rates and corresponding bond yields could rise as the economy gains momentum and investors anticipate inflation. In the July edition of Twin Cities Business, Windsor's David Koch tells us that it's still possible to generate decent income in an uncertain interest-rate environment.
To read this article, click here. Windsor also distributes a quarterly newsletter, which can be found on their website.
About Windsor:
Windsor Financial Group, LLC is an independent, privately-owned registered investment advisor. Founded in 1986, Windsor is dedicated to successfully serving high net worth individuals, institutional and community bank clients. With our office located in Minneapolis, the firm manages approximately $1.5 billion in equity, fixed income and balanced accounts. Visit Windsor online at: www.wfgweb.com |
ANNOUNCING:
 2010 ANNUAL MEETING!
Our regular Board Member Spotlight
will return next month | |
We are thrilled to announce our agenda for the 2010 Annual Member Meeting!
August 19th, 2010
This will be a fun, three-part meeting! Discuss business, walk to drinks, then walk to baseball!
First, the Member Meeting:
4:00pm
CFA Minnesota Office
Conference Room
1300 Rand Tower, Minneapolis
or Dial in: 1-877-874-9484
Pin: 2888
then Happy Hour:
5:00pm
Lyons Pub
6th Ave. South, Minneapolis
then Baseball:
7:10pm
Twins v. White Sox
Target Field, Section 127
This Member Meeting is your annual opportunity to learn about the new fiscal year budget and Annual Plan, as well as to ratify the slate of new board members and vote on any changes to society governance or policy that may be made.
Society Elections:
Do you know someone who is well connected, a good leader, has interesting programming ideas or is sincerely passionate about the CFA designation? Is it you?
There is still time to accept Nominations!
To nominate yourself or another member of the CFA Society of Minnesota to a term on the board, please email your resume to info@cfamn.org. It will be passed on to the nominating committee for review, and you will be contacted. For questions about our election process, please contact Maren Amdal.
All curent members of the society will be receiving a member ballot during the second week of August. Please participate in elections! Ballots will be tallied and formal election results will be available after the meeting. |
| WHAT DID I MISS?: |
June Events Summary | |
| 07/22/10 - July Monthly Luncheon: | |
Commercial Real Estate
Current Conditions with Michael J. Moynagh, MAI, CBRE Valuation and Advisory Services, and
The Return of Risk and Return with Murray L. Kornberg, CBRE Capital Markets Our July educational event on Commercial Real Estate was offered in partnership with the Twin Cities Chapter of the American Society of Appraisers, and was generously hosted by Grant Thornton, LLP. This successful breakfast event drew more than 60 attendees.
Michael Moynagh opened with a thorough historic review of the various local sub-sector markets, including multi-tenant, industrial and office real estate. His presentation reviewed the previous 10 years of market fluctuation, highlighting that with the recent highs and lows, we are now back to commercial real estate numbers similar to those in 2000. Murray Kornberg reviewed the real estate captial markets, describing various cap-rates and financing structures. He noted that significant issues may come to a head when comercial realestate financing comes due between 2012-2017. very well recieved by all and the society looks forward to more of these types of programming. |
| INDUSTRY EVENTS: |
Other associations may submit listings directly to info@cfamn.org | |
| 08/05/10 - HFA Summer Cocktail Reception | | |
The HFA Summer Cocktail Reception on August 5, 2010 offers a perfect opportunity to connect with investors and hedge fund professionals, cultivate relationships and develop new business.
Join us at The Minneapolis Club, the premier meeting place for Twin City's civic, business and community leaders for more than 125 years. Attendees will enjoy two hours of cocktails and hors d'oeuvres, along with the impeccable service and luxurious style this private club has offered to heads of state, U.S. Presidents and industry icons.
TOMORROW! LEARN MORE NOW!
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| JOB BOARD SPOTLIGHT: |
To feature an open position at your firm, click here |
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Job Board Spotlight | |
Employer: Your Firm Name Here
Location: Minneapolis, MN
Seeking qualified applicants? Promote your open position to the more than 3,700 financial professionals who receive this email.
Click here to visit the CFAMN Job Board. |
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CANDIDATE OPPORTUNITIES: |
Prep course providers and university representatives should contact our Education chair. |
| | Too Many to Name! | | |
Our December Level 1 Canddiates have a bevy of support offerings this year, including live classes and a new prep-provider partnership. All these offerings are detailed on the newly updated Educational Support page of our website and will be highlighted in a special candidate-only email later this week.
Among our many offerings:
Live Level I classes have started!
In partnership with Stalla and the University of St. Thomas, CFA Minnesota is pleased to again provide our members access to this live Level I prep course. Classes are held on the UST Minneapolis campus and are taught by UST finance faculty. CFA Minnesota Members receive a discount off the cost of classes: $300 off The Enhanced System. Though the classes have begun, you may still jump in! Please contact Amy Napolski, Field Marketing Specialist for Stalla at anapolski@stalla.com or (651) 797-2135 if you have any questions or if you would like to audit the class.
Use the following link to visit the Stalla website describing the program and discount: www.stalla.com/CFAminnesota |
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| Annual Premier Sponsor - MSPBJ | | |
Visit the online version of the Minneapolis/St. Paul Business Journal, where you'll find the latest breaking business news, updated throughout the day, some of this week's top stories from the Minneapolis/St. Paul Business Journal and other popular features from the print edition. Click Here. |
About the CFA Society of Minnesota:
Founded in 1952, the CFA Society of Minnesota is a member of the CFA Institute. It is the 16th largest society of among the 140 member societies and affiliates worldwide.
Mission:
To enhance the investment profession by promoting high ethical behavior, professional excellence, and fellowship through high quality, innovative programming.
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