- A New Frontier: Wealth planning & behavioral science
- Releasing the Dead Hand: Helping families embrace transparency
- Shark Tank for Trustees: Cultivating the entrepreneurial spirit across generations
- Divorce, Family Harmony & Trusts: Estate planning pitfalls
- A View from the Trenches: What we wish we knew when we were in practice
- Post Event Survey
- 5 Secrets of Successful Families
- Modern Trust Provisions
- Wealth 3.0 in Practice - Harnessing the power of positive attention
- Beneficiary Well-Being Provision
- Entrepreneur's Guide to Building Wealth
- The Entrepreneurs-Trust
- Divorce, Family Harmony & Trusts: Estate Planning Pitfalls - Session Outline
- Elevating Women
- Today's Top Tax and Estate Planning Techniques
The Northern Trust Institute 2023 Wealth Planning Symposium is offering continuing education credits. Available credits include CLE, CFP, CIMA, CPWA, CTFA and CPE for CPAs.
- CFP, CIMA, CPWA and CTFA is offering up to 7 continuing education credits
- CPE for CPAs is offering up to 6 continuing education credits
- CLE is offering up to 5 continuing education credits
Continuing education credit will only be available for sessions attended in real time (not replay). All attendees, whether in person or virtual, will be required to confirm their session participation by responding to polling questions in the platform. You will also be asked to provide a keyword for each session and may do so in the platform or in the post-event survey. Live in person attendees will scan a QR code onsite to join each session to confirm their attendance. All attendees are also required to complete a post-event survey to request credits, due by May 15, 2023. CFP, CIMA, CPWA, CTFA and CPE for CPA certificates will be emailed to you four to six weeks after the program. CLE certificates may take up to six months and will be emailed upon state approval.
By attending the Wealth Planning Symposium, you will:
- Gain practical insights on managing complex wealth in an evolving landscape
- Gain unique perspectives and actionable insights on how to embrace this moment and advise clients with a more collaborative and purposeful approach
To help address your questions, please visit our frequently asked questions guide.
Shundrawn A. Thomas serves as the President of Asset Management. In his previous role as Executive Vice President, Head of Funds and Managed Accounts Group he was responsible for the development, management and distribution of the firm's mutual funds, institutional mutual funds and exchange-traded funds as well as related business activities. He also oversaw the Managed Accounts practice which provides investment advisory solutions to existing clients and financial intermediaries. His broad executive responsibilities involved developing long-term strategy, executing operating plans, managing client and vendor relationships and developing and retaining talented professionals.
Previously, Shundrawn served as President and Chief Executive of Northern Trust Securities, Inc. a wholly owned subsidiary of Northern Trust Corporation. In addition to his general management responsibilities, he was responsible for overseeing financial management and working with regulators including FINRA and the Securities and Exchange Commission. He also served as Head of Corporate Strategy for Northern Trust Corporation. As a direct report to the Chief Executive Officer, he supported executive management with key strategic planning initiatives. Prior to joining Northern Trust, Shundrawn served as a vice president for Goldman Sachs and held positions in sales, trading and research with Morgan Stanley.
Shundrawn received a B.S. degree in Accounting from Florida A&M University and an M.B.A. degree from the University of Chicago Booth School of Business. He has also completed executive education programs in corporate strategy at Chicago Booth School of Business and corporate governance at University of Notre Dame Mendoza School of Business. Shundrawn currently holds the FINRA series 7, 63 and 24 securities licenses.
Wealth planning lives under the dark shadow of a myth of failure – “shirtsleeves to shirtsleeves” in three generations. To help avoid this pitfall, many families seek to create enforceable in terrorem clauses, restrictive dispositive provisions and confidential trusts. Yet these restrictive terms can limit opportunities for hands-on learning and autonomy, creating distrust between parties and even triggering family litigation — making “shirtsleeves” a self-fulfilling prophesy.
Join our experts to discuss how you can incorporate leading behavioral science research into your practices to produce better outcomes for clients.
Credits: CLE, CFP, CIMA, CPWA, CTFA and CPE for CPA
As advisors we know that preparing, educating and empowering the next generation is often best served by gradually disclosing the purpose behind the wealth transfer during the life of the grantor. Multigenerational discussions on the roles, responsibilities and opportunities the wealth presents enables family members to make decisions together. Yet, while transparency comes with benefits, there are also potential pitfalls that can result in the delay of that disclosure.
This session provides unique perspectives from lens of the trustee, planner, and beneficiary, including author/consultant of best-seller “The Myth of the Silver Spoon: Navigating Family Wealth & Creating an Impactful Life”. Their stories include practical ways to inspire families to embrace transparency and empowerment, as well as drafting trust provisions that will complement this approach.
Credits: CLE, CFP, CIMA, CPWA, CTFA and CPE for CPA
Help clients get more comfortable with their wealth and have much-needed – and often taboo – conversations. Join us for a fireside chat where Jennifer, a beneficiary of the dot-com boom and author of “We Need To Talk: A Memoir About Wealth”, will share personal stories that explore the emotional side of money and how wealth impacts identity and relationships.
Credits: CFP, CIMA, CPWA, CTFA and CPE for CPA
Note: This session does not qualify for CLE credit.
The spirit of entrepreneurialism often runs strong in wealthy families. While the older generation’s success is often the result of building or investing in new and innovative businesses and ideas, the younger generation may want to follow in the footsteps of their parents and forge a new entrepreneurial path forward. Moreover, they may be intimidated to do so when living in the shadow of the wealth creator’s success. How do we advise the senior generation to walk-the-line of providing guidance and protection, while giving next generation the ability to make their own decisions? What structures can we use in planning to complement this approach?
Join us to discuss how planning can enhance the desire to cultivate each generation’s interests as entrepreneurs and provide the opportunity to learn from their own mistakes — while giving them with the guidance and guardrails to become responsible stewards of family wealth. The panel will discuss best practices in trust structures and philanthropy to support the entrepreneurial spirit.
Credits: CLE, CFP, CIMA, CPWA, CTFA and CPE for CPA
Estate planning and divorce inevitably overlap, as individuals fail to consider how estate planning might impact a future divorce or how divorce might impact their planning. The need for estate planning and divorce attorneys to understand both disciplines and their interactions is key to ensuring clients understand all the issues, and families come through both processes in the best shape.
Join our panel as they discuss common problems that arise and how to manage them, including use pre and post nuptial agreements, talking about potential divorce before undertaking major estate planning, what estate planning can be done during the divorce process, steps that should be taken after a divorce and more.
Credits: CLE, CFP, CIMA, CPWA, CTFA and CPE for CPA
The lawyers and accountants who represent private clients are typically only a portion of the team that advises and supports those clients. Many of these lawyers and accountants leave private practice for other roles, including in financial institutions and family offices.
Join three former practicing attorneys (two with Northern Trust and one who is the head of a family office) to discuss how they see things in their current roles that were not fully evident to them when they were practicing, and how their experience can help practicing professionals and the entire team provide the best advice and service to their clients.
Credits: CLE, CFP, CIMA, CPWA, CTFA and CPE for CPA
What is the secret to families who succeed generation after generation? Get an insider look at how the Bush family’s powerful legacy is reinforced across generations, and how each individual finds purpose in carving their own paths.
Credits: CFP, CIMA, CPWA, and CTFA
Note: This session does not qualify for CLE or CPE credits.