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First Quarter 2018
Contents Letter from the President
| A word from Julie Toler, CFA DFW 2017-2018 President
CFA DFW Board of Directors
| Get to know your CFA DFW Board of Directors
Upcoming Events
| Be sure to sign up for our upcoming events!
Women in Investment Management
| CFA DFW, working to promote women in investment management
2018 CFA DFW Forecast Dinner/ CFA Texas Symposium
| The can’t-miss events of the year!
Introducing the Charterholders Under 40 Group!
| Learn more about our new initiative
Networking with Sameer Somal
| A great event for young investment management professionals!
CFA DFW Mentorship Program
| Give back to the industry or learn from the industry’s best
CFA Institute Investment Research Challenge
| The next generation of investment professionals compete
New CFA Charterholders
| Check out and congratulate our new 2017 Charterholders!
2017–2018 CFA DFW Sponsors
| A sincere thank you to our 2017-2018 sponsors!
About CFA Society of Dallas-Fort Worth
| Learn about and get in touch with your local CFA society
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Dear Fellow CFA-DFW members,
Happy New Year! All too quickly it
seems, we are already halfway
through our 2017-18 fiscal year. Your
CFA-DFW board and tireless
committee volunteers have dedicated
countless hours to bringing you a full
slate of engaging events, compelling
content and professional networking
and growth opportunities. Please join
me in thanking them for everything
they have accomplished so far this
year.
I’m pleased to share that our society
continues to grow by leaps and
bounds. Now with over 1,360
members, our CFA Society of DFW
(“CFA-DFW”) is the 9th largest CFA
society in the United States and
22nd largest globally. We continue to
celebrate new growth as well and
were so pleased to welcome and
award the CFA charter to 83 new
charterholders last month at our
Charterholder Ceremony.
I want to particularly thank our
Programs committee, chaired by Kim
Abmeyer, for the richly diverse
calendar of educational and social
events we are enjoying. Many thanks
also to all our members who have
come out and joined one or more
events already this year. It is truly your
presence and participation at each
and every event that makes our
society great!
Looking out on the calendar, please
join us in the weeks ahead for some of
our society’s largest and most-
anticipated events of the year. In
February, our annual Forecast Dinner
will be held at the Belo Mansion on
Thursday Feb. 22, where we will hear
the outlooks of Steven Romick,
Elizabeth Lilly, and Brian Wesbury. The
following day on Feb 23rd we will host
the annual Symposium of CFA
Societies Texas at the George Bush
Presidential Center. This all-day event
will feature perspectives and thought
leadership from industry and
institutional leaders including Robert
Kaplan, Bob Doll, Jeffrey Sherman, Ken
Hersh, Jim Hille, Ryan Bailey, CFA
Institute leaders Bjorn Forfang, Robert
Jenkins and Leah Bennett, and many
more.
Tickets are available to both these
February events individually, but I
really do recommend the attractive
combo package if you can make it
both days! Many thanks to all the
sponsors who have already supported
our efforts to bring these events to
you – and many, MANY thanks go to
Luther King Capital Management, our
CFA-DFW Strategic Advisory Board
leader and longtime society
champion, for their generous Title
sponsorship of both these events.
Looking further ahead in the spring,
please continue to watch your e-mails
for more terrific upcoming events as
Julie Toler
President
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Letter From the President
Letter From the President
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we once again celebrate CFA
Institute’s Putting Investors First
programs, continued fun and
networking at our social events, and
our Annual Society Meeting.
Your board and volunteers are
focused on finishing the year strong,
and we are also looking forward to
the start of next fiscal year, July 1st. As
you attend events, please also
consider getting involved in CFA-DFW
as a volunteer on one of our
committees. And, if you are already
serving on a committee, please
consider deepening your
volunteership by serving on the CFA-
DFW board. If you have any questions
about getting more involved as a CFA
-DFW volunteer, please feel free to
reach out to me and other board
committee chairs for more
information.
Within this newsletter you will find our
society’s mission statement, as well as
the mission statement of CFA Institute.
It’s worthwhile to read through them
both from time to time. These guide
our strategic decision making and
should be in line with your
expectations as a member. We strive
for CFA-DFW to be a voice of
leadership in education, professional
excellence and ethics for our industry
and investment community. We are
aligned with CFA Institute in
continuing to promote and carry out
the standards of the CFA designation
in a meaningful and impactful way.
We are well on our way into an
ambitious 2018. Please continue to
read your society e-mails and check
the calendar for newly scheduled
events. As one of the most vibrant and
innovative CFA societies in the world,
we are dedicated to continuing to
grow and improve our organization
and the value we provide you as a
CFA-DFW member and CFA
charterholder. If you have suggestions,
comments or concerns please let us
know by e-mailing us at
I look forward to seeing you at
upcoming events and wish you and
your families a healthy and
prosperous 2018.
Many thanks,
Julie Toler, CFA, CFP® President, CFA Society of DFW
CFA DFW Board of Directors
Julie Toler, CFA, CFP® President Lee Financial
Kim Abmeyer, CFA, CFP® Programs Chair Raymond James
Michael Yeager, CFA, CPA Vice President Luther King Capital
Lauren Minch, CFA, CPA, CGMA Employer Engagement, University Relations Hersh Family Investments
John Vandermosten, CFA Secretary Zacks Small Cap Research
Harry Ward, CFA, CAIA, CFP® Treasurer Cimarron Wealth Mgmt.
Shirley Ogden, CFA, CPA Past President Lee Financial
Greg Stuecheli, CFA Membership Chair Mockingbird Credit Partners
Click on a Director’s Picture to Learn More!
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Joe Martinez, CFA Past President Phlox Capital Mgmt.
Marilyn Wiley, CFA Past President The University of North Texas
CFA DFW Board of Directors
Michael Hasenauer, CFA Employer Engagement Mockingbird Credit Partners
John Harris, CFA, CPA CFA Review Course Financial Accounting Workshops
Steven Hooser Sponsorships Three Part Advisors
David Lewis, CFA Advocacy FCM Investments
Paul Olschwanger Leadership Development Aon Hewitt
Dr. Harvey Rosenblum, CFA Director Southern Methodist University
Brandon Troegle, CFA University Relations Hillcrest Asset Management
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Robert McDonald, CFA, CA Assistant Treasurer The Howard Hughes Co.
Lisa McDaniel, CFA Women’s Initiative The Mutual Fund Store
Lyndon Westerberg, CFA Strategic Advisory Board J.P. Morgan
Upcoming Events
Feb 22nd
2018 Forecast Dinner Click Here to Register
Jan 31st
WIM Reception with Judy Hoberman Click Here to Register
Feb 7th
Breakfast/Lunch with Lisa Kueng Click Here to Register
Feb 17th
Southwest U.S. Research Challenge Click Here for More Information
Feb 16th
Networking with Sameer Somal Click Here to Register
Upcoming Events (Continued)
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Feb 23rd
2018 CFA Texas Symposium Click Here to Register
Mar TBD
Healthcare Panel Click Here to Register
Women in Investment Management
Women in Investment Management (WIM) Begins 2018 with “AM I ENOUGH?”
What is WIM? The CFA Institute Women in Investment Management initiative is focused on improving
investor outcomes by encouraging diversity in the investment management profession globally.
CFA/DFW has joined the grassroots efforts of CFA member societies worldwide to close the gender gap
within the investment management profession. Our programs are designed to promote career
advancement, leadership, and relevant strategies for each stage of a woman’s investment career.
The first WIM program of the new year tackles an
issue that many women in all stages of their careers
can relate to. Professional women have a great
reputation and are respected by colleagues…yet
deep down inside some have that feeling that they
are an imposter. Their outer façade is in conflict with
that inner voice that sometime asks "Am I ENOUGH?"
Judy Hoberman, best-selling author and gender
expert will lead a discussion on Wednesday, January
31, 2018 to discuss how women ARE enough by:
• Discovering how one's "story" defines the person
• Defining what confidence is and when someone feels the most confident
• Learning the 5 "rules" to incorporate into daily life that will crumble the imposter syndrome
Please make plans to join us and check back for more WIM events!
Article By: Lisa McDaniel, CFA
Judy Hoberman Best-Selling Author
Gender Expert
Click Here to Learn
More About Judy
January 31, 2018
5.30 PM
Click Here to Register !
“Our profession has a diversity problem. If we
are to change, we must also change our
demographic….Studies show that mixed-gender
teams bring much needed diversity of thinking
to the investment process and improve
investment outcomes.”
- Paul Smith, CFA president and CEO, 68th CFA
Institute Annual Conference
2018 CFA DFW Forecast Dinner &
CFA Societies Texas Symposium
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CFA Societies Texas and CFA Society of DFW invite you to join your fellow industry leaders and capital markets
community for two days of enlightening topics, engaging speakers, vast networking and great discussion on the
most important issues facing the world of investment management.
A collaboration of Texas’s four CFA societies and premier Texas investment networking event of the year, the CFA
Texas Investor Summit brings together over 500 CFA Charterholders with visibility to over 3000 CFA Charterholders,
investment professionals and industry leaders.
Ryan A. Bailey - Head of Investments, Children’s Health System of Texas
Robert Kaplan - President & CEO, Federal Reserve Bank of Dallas
Ken Hersh - President & CEO, George W. Bush Presidential Center
Bob Doll - Chief Equity Strategist, Nuveen Asset Management
Jeffrey Sherman - Deputy CIO, Doubleline Funds
Elizabeth Lilly - Founder & President, Crocus Hill Partners
Jim Hille - CIO, TCU Endowment
Robert Jenkins - London School of Economics; CFA Institute Board of Governors
Richard Bowen - University of Texas at Dallas; Former Citigroup Whistleblower
Meredith Jones - Author; Founder, MJ Alternative Investment Research
Harry LaRosiliere - Mayor of Plano, Texas
Chris Poinsatte - EVP & CFO, DFW Airport
2-Day Summit Ticket ($230 value) $180
CFA/DFW Forecast Dinner only $130
2-Day Summit Ticket ($230 value) $180
CFA Texas Symposium Only $100
CFA Texas Symposium student ticket $50
CFA Societies TX Symposium
February 23,2018
8:00 AM - 4:30 PM
George W. Bush
Presidential Center
Featured
Speakers
Elizabeth Lilly
Founder &
President
Crocus Hill
Partners
Steven Romick
Managing
Partner
FPA Funds
Brian Wesbury
Chief Economist
First Trust
Economics
Title Sponsor:
CFA DFW Forecast Dinner
February 22,2018
5:30 PM - 8:30 PM
Belo Mansion
Introducing the Charterholders Under 40 group!
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CFA DFW invites all young professionals to get more involved in the society. To emphasize our
commitment to this segment, we have created the Charterholders Under 40 Group and we welcome all
Charterholders, aspiring Charterholders and associates that fit the parameter to join us at upcoming
events tailored specifically to you. We will begin by hosting four events this year with content relative to
younger Charterholders and CFA Candidates. Some ideas to follow are a Happy Hour Series this summer,
“A Day in the Life of ___” lunch events, and programs related to soft skills and other tools to foster your
success in the future of finance. We believe the event on February 16th with Sameer Somal and his
presentation, “The New Networking: Building Relationship Capital” is a great way to get started; please
see the following page for details and RSVP today!
Charterholders Under 40 Mission Statement:
To promote and foster the development and community of our younger Charterholders, aspiring Charterholders, and affiliates, providing them content and the tools to lead the investment
profession ethically, and uphold it to the highest standard set forth by the CFA Institute.
This is a topic that’s beneficial to professionals of all ages, and we want to extend a special invitation to
our “Charterholders Under 40” group.
The New Networking: Building Relationship Capital
The Digital Revolution is accelerating our access to knowledge and revolutionizing how we communicate.
Finance is grounded on quantifiable metrics and knowledge gained through the rigors of the CFA
program. While a technical framework is required and fundamental to a successful career in finance, we
overlook the importance of what we can only measure qualitatively, including networking. Success in life
is a function of our interpersonal relationships.
Networking is a learned skill and does not require the personality of an extrovert. A memorable
introductory conversation and exchange of business cards will increase relationship capital after applying
a process for patient and purposeful follow-up. Creating a network of trusted friends and colleagues, who
will provide information, introductions, mentoring and partnership, will expand your personal and
professional opportunity set. Results follow planning, practice, and commitment.
An acute understanding of the intangibles or ‘soft skills’ is often required for nurturing new contact and
developing a life-long friendship. While these intangible skills are taught and studied, their practice
underpins the success of our most revered business, political, and humanitarian leaders in recent history.
How does one quantify trust, communication, and emotional intelligence? The interdependence of our
global economy places a premium on authenticity and relationships.
Sameer Somal is the CFO at Blue Ocean Global Technology and Blue Ocean Global
Wealth. Prior to co-founding Blue Ocean Global Wealth, he was a Senior Investment
Analyst at The Bank of Nova Scotia and a Financial Advisor and Intermediary at
Morgan Stanley and Merrill Lynch & Co.
Sameer is also a CFA Charterholder, a CFP® professional, and a Chartered
Alternative Investment AnalystSM
. Sameer serves on the Financial Planning
Association (FPA) National Diversity Committee and the Board of Directors of the
Philadelphia/Tri-State FPA. A senior financial services leader on industry
roundtable and panel discussions, Sameer serves on CFP Board’s Council on
Education and is a Women’s Initiative (WIN) Advocate. He is an active member
at CFA Institute, serves on the Advisory Executive Council of the Women
Economic Forum (WEF), and is a Board Advisor at the iPlan Education Institute in
New Delhi, India. A member of the Speakers’ Series at the Johns Hopkins
University Carey School of Business, Sameer is subject matter expert witness and a
frequent speaker on the digital revolution, reputation management, succession
planning, technology, diversity, financial planning, entrepreneurship, and leadership.
In May of 2017, he was named an Iconic Leader Creating a Better World for All by the
All Ladies League & Women Economic Forum.
With Sameer Somal, CFA, CFP® , CAIASM
The New Networking: Building Relationship Capital
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CFA DFW Mentorship Program
This year, our mentor program had 40
participants (20 mentors and 20 mentees)
and officially kicked off with a well-attended
breakfast get-together in November. This year,
we were honored to have Ryan Bailey, CFA and
Director of Investments at Children's Health share his
own experience as both a mentor and mentee and
forward his inspiring words to each participant. This
program is a great opportunity for established investment
management professionals to give back and for aspiring
investment management professionals to learn from industry
leaders. We have plans to organize at least one more event in late
Spring. For questions or interest in participating next year, please contact
Paul Olschwanger or Joe Martinez.
20 Mentors
20 Mentees
Joe Martinez, CFA
Paul F. Olschwanger
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Southwest U.S. Research Challenge
In 2006, the CFA Society of Dallas/Fort Worth and the CFA Society of
Houston teamed up to launch an exciting new initiative, the Investment
Research Challenge-Texas. In the initial year of the Challenge, student
teams from Rice, Texas A&M, TCU and SMU competed with each other on
analyzing, writing, and presenting a report recommending a “Buy”, “Sell”, or
“Hold” position on a publicly traded company. The societies assisted in
providing education tools; the goal being to provide a value-added real-
world application for these students. The teams were then assigned the
company (i.e. the target company) to analyze with access to the CEO or
CFO. Teams were given a Template to follow in completing their written
analysis/report. All four Texas societies, Austin, Dallas-Fort Worth, Houston
and San Antonio provided Faculty Advisors and Industry Mentors for the
teams, Graders for the written reports or Judges for the final presentations
by the teams. Finalist teams competed before an oral panel made up of
leaders in our investment community at the Texas Investment Portfolio
Symposium (TIPS). The winning team went on to compete regionally
against other winners hosted by CFA Institute in New York City.
Twelve years later, we have 27 university teams across three states (LA, OK,
TX) competing. Because six societies participate, we have renamed the
competition, the “Southwest U.S. Research Challenge”. As such we are the
largest Challenge in the Americas region and the second largest globally.
The Target Company for this year is Andeavor (ANDV) headquartered in
San Antonio. Management presented to the teams at their headquarters
just prior to the holidays. For teams outside the area, there was a link to
the presentation and an opportunity for all teams to ask questions either in
person or via email.
On February 2nd, the teams will turn in their analysis/reports and the top 10
graded reports will go on to compete in the oral Finals held in conjunction
with TIPS (Texas Investment Portfolio Symposium) on February 17, 2018 at
Southern Methodist University. The top two winning teams will go on to
represent our area at the Americas Regional Final in Boston in March
where teams from across the Canada, U.S., and Latin/South America will
compete.
The Southwest U.S. Research Challenge is managed and supported by CFA
Societies Texas (Austin, Dallas-Ft. Worth, Houston, and San Antonio) as well
as the CFA Society Louisiana and CFA Society Oklahoma. The Co-Chairs of
the Challenge wish to thank the 100 plus (volunteers from across all 6
societies for sharing their expertise and experience with the Challenge
teams. If you are interested in volunteering, please contact Co-Chairs,
Sharon Criswell, CFA ([email protected]) or John Keeton, CFA
Thank You to the Sponsors:
Article By: Sharon Criswell, CFA
West Texas A&M University
University of Texas - Dallas
2nd Largest Local
Challenge in the World
27 University Teams Across
LA, OK, TX
Top 10 Present in Oral Finals
February 17, 2018 at SMU
1st
2nd
2017 Results
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New Charterholders - 2017
Jon Abel, CFA Tyler Anderson, CFA David Askew Jr., CFA David Barlow, CFA
Christopher Boyd, CFA James Britton, CFA Jacob Brull, CFA Erin Byrne, CFA
David Catron, CFA Christopher Cayet, CFA Xi Chen, CFA Kenneth Colbert, CFA
Andres Colocho, CFA Andres Contreras, CFA Zachary Courie, CFA Christopher Cyndecki, CFA
Austin Drake, CFA Angel Escobar, CFA Zhenyu Fang, CFA Robert Fletes, CFA
Robert Garza Jr., CFA Vishal Goenka, CFA Benjamin Green, CFA Garet Guthrie, CFA
Arturo Gutierrez, CFA Taylor Hankins, CFA Jill Harmon, CFA Matthew Higbie, CFA
Keaton Hoppe, CFA Chun-Pin Hsu, CFA David Hussong, CFA Caleb Jackson, CFA
Zachary Kerr, CFA Dhruv Khade, CFA Scott Lanigan, CFA Edward Lee, CFA
Luis Lemus, CFA Chen Li, CFA Su Li, CFA Ai Lin, CFA
Pankaj Malik, CFA Mihaela Marinova, CFA Mark Michel, CFA Andrew Miller, CFA
Sean Miller, CFA Morgan Mitchell, CFA Mukund Mohan, CFA Elliott Neal, CFA
Daniel O’Connell, CFA Nicholas Passalugo, CFA Carlos Pena, CFA Blair Piendak, CFA
Edward Ray Jr., CFA Judson Redmond, CFA Michael Reid, CFA Jason Reinke, CFA
Casey Rench, CFA Paul Sarran, CFA Joel Sauer, CFA Robert Scallorn, CFA
Ruoyu Shao, CFA Michael Shapleigh, CFA Stephen Sims, CFA Ryan Skelton, CFA
Rylan Spence, CFA Kimberly Spinks, CFA Stephanie Tarlton, CFA David Taylor, CFA
Jordan Thompson, CFA Michael Vermeer, CFA Alexander Wagner, CFA Donald Wallace, CFA
Bing Wang, CFA Eric Wang, CFA Huanhuan Wang, CFA Zachary White, CFA
John Whitehead, CFA Matthew Wicker, CFA Brett Wilburn, CFA Rusy Woodward, CFA
Ryan Woolhiser, CFA Ru Zhang, CFA Xiao Zhang, CFA
Congratulations New Charterholders!
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Sincere Thank You to Our 2017-2018 Sponsors!
About CFA Society of Dallas-Fort Worth
The CFA Society of Dallas-Fort Worth (formerly the Dallas Society of Financial Analysts and prior to that, the
Dallas Association of Investment Analysts) was founded in 1951 to:
• Provide interchange between investment and portfolio managers;
• Promote good fellowship among those whose primary occupation is investment and securities analysis;
• Improve analytical procedures and techniques;
• Promote our membership to the investing public. The society plays a vital role within the Dallas and Fort
Worth area promoting a better understanding of the investment management profession;
• To encourage, strengthen and support the Chartered Financial Analyst® professional designation and to
assist those candidates working towards achieving the CFA® charter.
Of equal importance has been its mission to promote high standards of professional and ethical conduct
among its members. For more than 50 years, these objectives have guided the society and the local
investment community. The society was the 15th formed worldwide.
The CFA Society of Dallas-Fort Worth has over 1,300 active members and is among the largest member
societies of the CFA Institute (formerly the Association of Investment Management and Research).
CFA Institute Mission Statement:
To lead the investment profession globally by
promoting the highest standards of ethics,
education, and professional excellence for the
ultimate benefit of society
CFA—DFW Mission Statement:
To promote and uphold the ethical and professional
standards set by the CFAI. We provide thought
leadership through education, advocacy,
engagement and career development resources for
the benefit of our members and our community.
CFA Society of Dallas-Fort Worth 12900 Preston Road, Suite 1210
Dallas, TX 75230 214-363-3284
[email protected] cfadfw.org
