2 o 12 October Trust & Wealth 18&19 m a na g e m e n t TBA Barrett Training Center c o n f e r e n c e nashville Conference Agenda Thursday, October 18 Friday, October 19 Noon Registration 7:30 am Breakfast Refreshments sponsored by ProxyTrust, Islandia, NY Sponsored by MainStreet Advisors, Chicago, IL New York, NY 1:00 pm Federal Issues Update Timothy Keehan, Vice President Senior Counsel, 8:30 am Prudent Investor Rule – Placing Center for Trust, Investments, and Securities, Responsibilities before Returns American Bankers Association, Washington, DC Ryan Layton, Portfolio Manager, MainStreet This presentation covers proposed federal legislation Advisors, Chicago, IL and regulation affecting the trust business. This presentation will focus on the importance of understanding the Prudent Investor Rule from an in- 2:00 pm Finding Value & Controlling Risk in Today’s vestment perspective and will discuss the duties and Low Interest Rate Environment responsibilities a fiduciary has to its clients. There are Rick Calhoun, First Vice President, several areas of fiduciary responsibility that can never Crews & Associates, Inc, Little Rock, AR be fully abdicated to outside parties. However, if stat- Fixed income yields are at an all-time low, and un- utes and trust provisions permit, the fiduciary may less the global economic picture changes dramati- delegate certain decisions to professional managers, in- cally, rates have the potential to remain extremely vestment advisors, and/or consultants. Understanding low for many years into the future. Calhoun will the Prudent Investor Rule provides the parties involved show how trust investment officers can increase with the necessary guidelines for meeting their fiducia- overall return while controlling risk. ry responsibility. These, and other important elements of the Prudent Investor Rule, will be highlighted. The presentation will examine the current condition of traditional investments such as US Treasury, govern- 9:30 am Using Corporate vs Personal Fiduciary ment agency, municipal, and corporate bonds. The Panel Moderator: Keith Keisling, Vice President/ lecture will also highlight opportunities and tactics to Trust Officer, Equitable Trust Company, Nashville improve performance such as municipal and corpo- Panelists: Thomas R. Buckner, Attorney, Apperson rate sector rotation, defensive securities, government Crump, PLC, Memphis; Carl Henderson, Part- guarantees, and alternative investments. Avoiding “the ner/CPA, Henderson Hutcherson & McCullough, hazard of loss” from investments that are commonly PLLC, Chattanooga; Chris Kelly, Senior Vice Presi- used will be discussed since protecting principal is al- dent, Pinnacle Bank, Murfreesboro ways a trust department’s primary objective
3:00 pm Break Sponsored by Broadridge Financial Solutions, Inc, New York, NY
3:15 pm State Law Update/Tennessee Taxes The initial choice of corporate versus personal fidu- Bryan Howard, Howard & Mobley, PLLC, ciary is a critical and important decision in an estate Nashville, and Al Secor, Executive Vice President, plan. However, as the trust or estate administration CapitalMark Bank & Trust, Chattanooga continues, there are numerous instances where this choice affects the ongoing duties and responsibilities Tennessee’s General Assembly made a number of of the executor or trustee and may need to be re- changes, particularly with regard to the inheri- viewed. This expert panel will review and highlight tance and gift taxes. This segment covers recent the legal and practical issues attendant to this choice legislation, as well as court decisions, and high- and the administration of the estate or trust. lights several tax traps for practitioners when de- signing estate plans. 10:45 am Break Sponsored by AccuTech Systems Corporation, 5:00 pm Reception Muncie, IN Sponsored by Crews and Associates, Inc, Little Rock, AR 11:00 am Economic/Investment Outlook 6:00 - Dinner & Nashville Songwriters Gerald W. Laurain, CFA, First Tennessee Bank 8:00 pm Lee Thomas Miller and Roger Cook Wealth Management, Memphis, TN Sponsored by Federated Investors, Inc, Pittsburgh, PA With the election in sight and numerous federal budget, tax, and financial issues deferred until a lame Song duck session, this segment will highlight the state of writers: the economy and its potential outlook. Lee Thomas Noon Conference Adjourns Miller and Roger Cook Thank You to Our General Sponsors Devonshire Fund, White House, OH, IPI Trust Services, Little Rock, AR, and INFOVISA, Canton, GA Speaker Bios
Thomas R. Buckner Carl Henderson, CPA egories, has been selected as one of the Thomas Buckner is an at- Carl Henderson is a partner top 100 Lawyers in the US by Worth torney and member of the with Henderson Hutcher- Magazine, one of the best lawyers in firm Apperson Crump, son & McCullough, PLLC, Tennessee by Business Tennessee mag- PLC, of Memphis. His Chattanooga. He joined azine, and one of the Best Lawyers in specialties include probate, HHM in 1981 as was admit- Tax Law by Corporate Counsel maga- estate, and trust administration; ted to partnership one year later. As a zine. He has the AV rating (highest wills, trusts, and estate planning; past managing partner, Henderson spe- available) for ethical standards and le- and tax planning. cializes in estate/gift planning for indi- gal ability from Martindale-Hubbell’s peer review ratings system. Howard Buckner earned his BA degree from viduals and succession planning for his frequently lectures and writes on estate Virginia Military Institute and his corporate clients. planning and taxation topics. JD from Vanderbilt University. He He is a former revenue agent for the IRS is a fellow with the Tennessee and and often serves as an expert witness be- Memphis Bar Foundations and a fore the US Tax Court and the US Bank- Keith Keisling member of the Memphis, Tennessee, ruptcy Court. Keith Keisling is a vice presi- and American Bar associations. Henderson earned his BS degree in ac- dent and trust officer with counting from Austin Peay State Univer- Equitable Trust Company in Rick Calhoun sity. A CPA, he is an active member of Nashville, TN. He has 28 years’ experi- the Tennessee Society of Certified Public ence in the trust industry. An attorney, Rick Calhoun is first vice Accountants. Keisling practiced law for several years president of sales & trading before beginning his banking career in at Crews & Associates, Inc, 1984. a regional broker/dealer in Bryan Howard He is a graduate of Tennessee Techno- Little Rock, AR. He majored in histo- Bryan Howard is a co-found- logical University, received his Juris Doc- ry and political science at the Univer- ing member of Howard & torate degree from the George C. Taylor sity of Central Arkansas and received Mobley, PLLC. He assists School of Law at the University of Ten- a degree in business management families whose net worth nessee, is a graduate of Cannon Finan- from John Brown University. exceeds $10 million with cial Institute’s Corporate Trust School at Calhoun joined Crews & Associates wealth transfer planning, tax reduction Pepperdine University, and is a graduate in 1982 and presently serves as a prin- planning, charitable giving, and asset of the ABA’s National Graduate Trust cipal at the firm, holding a NASD Se- protection planning. He also advises the School at Northwestern University. He ries 24 general principal’s license and owners of closely held businesses with holds the designation of Certified Trust MSRB Series 53 municipal principal’s respect to tax and business succession is- and Financial Advisor. license. He is a fixed income special- sues and represents fiduciaries and ben- ist, institutional broker, and has been eficiaries with regard to trust and estate Keisling is a member of the Tennessee instrumental in training new brokers administration and litigation issues. Bar Association, the Nashville Estate Planning Council, is a past chairman of and investment officers during his 30- Howard earned his BS degree in busi- the Tennessee Bankers Association Trust year career in the securities industry. ness administration from the Uni- Committee, has served as a trustee and Calhoun taught investments at the versity of California at Berkeley, his a class director of the Southern Trust Southern Trust School and has con- JD from Vanderbilt University Law School, and serves as a trustee of the Ten- ducted classes in Bond Basics, Cus- School, and his LLM, taxation, from nessee Technological University College tomer Service, and Investment Fun- the University of Florida Levin Col- of Business Administration Foundation. damentals during his career. He is a lege of Law. He is certified as an estate member of various public policy and planning specialist in Tennessee. economic organizations and is fre- Howard is listed in the Best Lawyers Chris Kelly quently quoted in The Bond Buyer in America (2001-2010 editions) in With 24 years’ experience in the finan- Magazine. both the tax and trusts and estates cat- cial and legal industries, Kelly is a senior Speaker Bios
vice president with Pinnacle He received a BA degree in mathemat- tion and investment selection processes. Bank where he heads the ics/statistics and an MS degree in man- Layton earned his BS degree in finance bank’s administrative trust agement with a concentration in finance from Michigan Technological Univer- group in Murfreesboro, TN. from Case Western Reserve University. sity. A chartered financial analyst, he is Before joining Pinnacle, he He holds Series 7, 24, 63, and 65 li- a member of the CFA Society of Min- maintained an active law practice in censes and is designated as a chartered nesota. Middle Tennessee with an emphasis in financial analyst. estate planning, probate, real estate, and Laurain’s prior securities experience in- Albert W. Secor business law. cludes working with US government se- Prior to entering private practice, Kelly curities at Paine Webber Jackson & Cur- Al Secor is executive vice was a trust officer with Cavalry Banking tis (now USB Securities), Merrill Lynch president and director of cli- in Murfreesboro for several years. government securities, and The Chicago ent services with CapitalMark Bank & Trust, Chattanooga, He holds a bachelor’s degree, with hon- Corporation’s private equity group, con- TN. He joined the bank in ors, from Middle Tennessee State Uni- sulting at the Chicago Mercantile Ex- 2008 to initiate the its trust offering. versity and his Juris Doctorate from the change, the London International Fi- Nashville School of Law. He is also a nancial Futures Exchange. He also was Prior to starting a banking career in graduate of Southern Trust School. the director of alternative investments at 1995, Secor was in the private practice LaSalle’s wealth management group. of law for 29 years emphasizing probate Admitted to the Tennessee bar in 1998, and estate planning and state and federal Kelly maintains membership in the Ten- He frequently holds investment seminars, taxation. nessee Bar Association and the Ruther- investor education workshops, and meets ford-Cannon County Bar Association. one-on-one with investment clients. Secor received his BBA degree in ac- He serves on the Trust Committee of the counting and a JD from Emory Uni- versity and his LLM in taxation from Tennessee Bankers Association, and vol- Ryan Layton, CFA unteers regularly in pro-bono activities. New York University. He is a member Ryan Layton is portfolio of the American, Tennessee, and Chatta- manager with MainStreet nooga Bar associations; a past president Gerald W. Laurain, CFA Advisors, Chicago, IL. He of the Estate Planning Council of Chat- Gerald Laurain is chief invest- is responsible for client re- tanooga; and a fellow of the American ment officer for the wealth lationships which include College of Trust and Estate Council. He management division of First portfolio analysis and management. He also serves as chairman of the Tennessee Tennessee Bank, Memphis, also sits on the investment committee, Probate Study Group. individual stock team, and asset alloca- TN. Laurain has over 30 Secor is the author of the Tennessee Pro- tion team. years of experience in the securities in- bate, The West Group, 1979, Second dustry. He began his career with First Prior to joining MainStreet Advisors, Edition 2002, and co-author of Tennes- Horizon’s wealth management division Layton was an assistant vice president see Elder Law, The West Group, 2009. as the chief investment officer in 2007. and investment manager with Wells Far- He is a frequent speaker on estate plan- Since that time, he has been instrumen- go Wealth Management Group in Min- ning and estate administration topics to tal in evolving investment strategies with neapolis, MN, where he handled client the bar and other organizations. new program offerings such as alterna- consulting and portfolio management. tive investments, real assets, and relaxed Along with these responsibilities, he was constraint mutual funds. actively involved in the firm’s asset alloca- Entertainer Bios
Lee Thomas Miller is Roger Cook is one of After the move to Nashville, he had a songwriter and occa- the most gifted and pro- more hits including “Talking in Your sional record producer lific songwriters in the Sleep” (Crystal Gayle 1978, first re- born in Nicholasville, world, having written corded by Marmalade), and “Love Is KY. His credits include and produced numer- on a Roll” (Don Williams). the number one country ous hit songs recorded In 1977 he produced The Nashville hits “The World” and “I’m Still a Guy” by countless recording artists. Album, a record by Chip Hawkes, for Brad Paisley and “You’re Gonna Miss Born in Bristol, England, in 1940, he has who had recently left The Tremeloes. This” for Trace Adkins, as well as top 10 spent most of his professional songwriting Cook also opened a publishing com- hits for Terri Clark, Joe Nichols, and career in Nashville, moving her in 1975. pany with accomplished songwriter Jamey Johnson and other artists. Three Ralph Murphy named Pic-A-Lic. of his songs – “You’re Gonna Miss This, Inducted into the Nashville Songwrit- “The Impossible” and “In Color” have ers Hall of Fame in 1997, Cook is the Later he turned to writing for the stage, been nominated for Best Country Song only British songwriter ever to gain that and has worked on two musicals, Beau- at the Grammy Awards. honor. Among his other honors, Cook tiful and Damned, based on the lives was named UK Songwriter of the Year for of Jazz Age author F. Scott Fitzgerald A 1991 graduate of Eastern Kentucky 1970-71 and 1971-72; 1978–BMI\Song and his wife Zelda, in collaboration University, Miller moved to Nashville of the Year\Talking In Your Sleep; and with Les Reed; and Don’t You Rock Me after graduation to find work as a song- 1995–PRS\Lifetime Achievement Award. Daddio, set in 1957 at the height of the writer. skiffle age, with Joe Brown. Among the many artists, crossing mul- In addition to his songwriting, Miller tiple genres, who have recorded songs has also produced for Curb Records Catalog Highlights: penned by Roger Cook are Elton John, artists Steve Holy and Amy Dalley. • “You’ve Got Your Troubles”- Co- Ray Charles, Bing Crosby, Johnny Cash, writer: Roger Greenaway Artists: Miller was recently named the new Culture Club, Deep Purple, Neil Dia- Fortunes (1965) president of Nashville Songwriters As- mond, the Drifter, Tom Jones, Brenda • “Green Grass” - Co-writer: Roger sociation International (NSAI). He has Lee, Bette Miller, John Prine, Bonnie Greenaway, Artists: Gary Lewis & been active in NSAI’s advocacy efforts Raitt, and many more. the Playboys (1966) on behalf of songwriters for several years. Many of his hits have been written in • “My Baby Loves Love” - Co-writer: collaboration with Roger Greenaway, Singles composed by Lee Thomas Roger Greenaway, Artists: White whom he met originally when they Miller Plaines (1969) were members of the close harmony • “Here Comes That Rainy Day Feel- • Trace Adkins – “You’re Gonna group, The Kestrels. They had a brief ing” - Co-writer: Roger Greenaway, Miss This” but successful recording career of their Tony McAuley, Artists: Fortunes • Blackhawk – “Days of America” own between 1965 and 1967 as David (1970) • Blue County – “That’s Cool” and Jonathan. The two penned their • “I’d Like To Teach the World To • Terri Clark – “I Just Wanna Be Mad” first hit as songwriters for others in Sing” - Co-writer: Roger Green- • Amy Dalley – “Men Don’t 1965 with “You’ve Got Your Troubles” away, Backer, Davies, Artists: New Change”, “Good Kind of Crazy” for The Fortunes, which hit #7 on the Seekers (1970) • Jamey Johnson – “In Color” US charts and #2 on the UK charts. • “Long Cool Woman in a Black • Tim McGraw – “Nothin’ to Die For” Dress”- Co-writer: Roger Greenaway, • Joe Nichols – “The Impossible” Among his major hits as a co-writer were Alan Clarke, Artists: Hollies (1972) • Brad Paisley – “The World”, “I’m “I’d Like to Teach the World to Sing” • “Talking In Your Sleep” - Co- Still a Guy” (The New Seekers), “Something’s Got- writer: Bobby Wood, Artists: Crys- • Deric Ruttan – “That’s How I ten Hold of My Heart” (Gene Pitney), tal Gayle (1978) Wanna Go Out” “Gasoline Alley Bred” and “Long Cool • “Livin’ In These Troubled Times” - • Tommy Shane Steiner – “What Woman In a Black Dress” (The Hollies), Co-writer: Phillip Donnely, Artists: We’re Gonna Do About It” “I Was Kaiser Bill’s Batman” (Whistling Jack Smith), and many more. Crystal Gayle (1979) Trust & Wealth 2O12 mangement Hotel Information conference The Springhill Suites, 250 Athens Way, Nashville, is holding block of rooms on a first-come, first-served basis at a special group rate of $111 October 18&19, TBA Barrett Training Center, Nashville single/double per night. The deadline for making hotel reservations at the conference rate is October 4. When the allotted room block is sold, room rates will return to standard prices on a space-available basis, even if it is before the October 4 deadline, so be sure to reserve your Trust Committee accommodations early. Chairman: Al Secor, Executive Vice President, To make reservations, contact the hotel directly at 800/971-4761 CapitalMark Bank & Trust, Chattanooga and ask for the Tennessee Bankers Association block of rooms to Chairman-elect: Kim Boone, Senior Personal Trust receive the special group rate. Officer, First Farmers and Merchants Bank, Columbia Reservations can also be made at the Millennium Maxwell House Vice Chairman: Chris Kelly, Senior Vice President/Trust Hotel, 2025 Rosa L. Parks Boulevard, by calling 800/457-4460. Al Secor Advisor, Pinnacle Bank, Murfreesboro Let reservations personnel know that you are with the Tennessee Immediate Past Chairman: Doug Roth, Vice President and Bankers Association to receive the special rate of $99 for a Tennessee Trust Division Manager, BancorpSouth Bank, Jackson standard room (plus tax), as long as standard rooms are available. East Mike Bevins, Executive Vice President, Citizens National Bank, Conference Fees Athens Member Nonmember TBA Members / Associate Members Nonmembers David Long, Vice President/Trust Officer, First Tennessee Bank, NA, Spouses Spouses Knoxville Early Registration $285 $85 $570 $170 Middle Early registration deadline is October 4. Joseph Presley, President/CEO, Cumberland Trust and Investment Registration $315 $115 $600 $200 Company, Nashville At-the-door $365 $165 $650 $250 Charlotte Csabi, Senior Vice President/Trust Officer, Pinnacle Bank, Murfreesboro Fee includes instruction; instructional materials; reception, dinner, and entertainment on Thursday evening; continental breakfast on Keith Keisling, Vice President, Equitable Trust Company, Nashville Friday; and refreshment breaks on both days. Derrick A. Jones, Wealth Management Services Managing Director, Nashville Bank and Trust Company, Nashville No written confirmation of seminar registration will be sent from the TBA. Participation in TBA programs is limited to members, associate west members, and nonmembers from an eligible membership category Joyce Crocker, Senior Vice President/Trust Officer, Carroll Bank at applicable member or nonmember rates. and Trust, Huntingdon Harold Fletcher, Attorney, Memphis Emily Walker, Trust Officer, Commercial Bank & Trust Co, Paris
Thank You to Our Sponsors AccuTech Systems Corporation, Muncie, IN Broadridge Financial Solutions, Inc, New York, NY Crews and Associates, Inc, Little Rock, AR Devonshire Fund, White House, OH Federated Investors, Inc, Pittsburgh, PA INFOVISA, Canton, GA IPI Trust Services, Little Rock, AR MainStreet Advisors, Chicago, IL Proxytrust, Islandia, NY
MS A Continuing Education Credit General Information Attendants qualify for 6.5 hours of general Continuing Attire: Business casual attire is appropriate for all TBA programs. CLE Legal Education (CLE) credit. Because of temperature variations in meeting rooms, please bring a sweater or jacket for your comfort. TBD Special Needs: If you have a special need that may affect your par- Attendants qualify for 7.5 hours of Continuing ticipation in this program, please send TBA a statement regarding Professional Education (CPE) credit in the area of these at least 10 days before the program. We will contact you to Specialized Knowledge and Application. No prerequisites discuss accommodations. are required for this program. For more information regarding administrative policies or complaints, please contact our offices Cancellation Policy: Cancellations received in the TBA office at 615/244-4871. 7 business days prior to the scheduled program will be refunded in full. Due to commitments with hotels, cancellations received Tennessee Bankers Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional less than 7 business days prior to the scheduled program are education on the National Registry of CPE Sponsors. State boards of accountancy not refundable. Substitutions are welcome. Registrants who do have final authority on the acceptance of individual courses for CPE credit. not attend the program or send a substitute will be responsible Complaints regarding registered sponsors may be submitted to the National for the entire registration fee. Registry of CPE Sponsors through its website: www.learningmarket.org. This program has not been pre-approved for ICB CE credits. Attendants who require ICB credits should go to http:// For more information contact: www.aba.com/icb/membercereview for further instructions. Penny Powlas – [email protected] Executive Assistant, Administration / Legal To obtain continuing education credit applications or more Tennessee Bankers Association information, call the TBA education department at 800/964-5525 800/964-5525 or 615/244-4871 • Fax: 615/324-1987 or 615/244-4871. www.TNBankers.org
2o12 Trust & Wealth Management Conference October 18 & 19 • TBA Barrett Training Center, Nashville
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TBA Members / Associate Members Member Spouses Nonmembers Nonmember Spouses Early Registration $285 $85 $570 $170 To register online Early registration deadline is October 4. visit us at Registration $315 $115 $600 $200 www.TNBankers.org At-the-door $365 $165 $650 $250
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