2:00pm

Welcome

2:10pm

Opportunity Zone Investing Risks and Opportunities

Where Are OZone Funds Headed? (Evaluating the Risks and Benefits to Investors)

Panelists

Jim Foster, Managing Director and Chief Investment Officer, Greycourt  

Paul Platkin, Chief Investment Officer, Hillview Capital

Dan Rahill, Tax Partner, BDO

Investing in distressed areas represents the potential for tax benefits for investors  and positive social impact for communities, but how will you know if the program is actually working?  Questions about transparency and reporting requirements have created uncertainty about the very advantages such funds purport to offer.

This session will provide clarity for family offices considering the strategy for their clients.  We’ll discuss the current status of the legislation and evaluate the sources of risk and reward for investors.

3:00pm

The Profit vs. Impact Investing Conundrum: How to Position Client Portfolios As Priorities Evolve

Panelists

Jim Foster, Managing Director and Chief Investment Officer, Greycourt (Moderator) 

Wally Head, Principal and Vice Chairman, Gresham Partners

Liz Michaels, Chief of Staff and Director of ESG/SRI, Aperio

With the largest ever inter-generational transfer of wealth upon us, coming decades will reflect evolving investment priorities among clients.  Concerns about authenticity, personal values and social responsibility are driving growth in assets of sustainable, responsible and impact (SRI) strategies.

During the session, find out how three advisors are incorporating environmental, social and governance (ESG) criteria into their investment analysis and decision-making processes in order to address these trends with clients.

3:50pm

Peer Groups

4:30pm

Private Markets: Too Big to Ignore?

Panelists

Curt Lawhorn, Director of Private Markets Research, DiMeo Schneider

Dave McCoy, Managing Partner and Portfolio Manager, RCP Advisors

William H. Reynolds, Jr, Senior Managing Director, MCS Capital

Private capital markets have entered a phase of dramatic and rapidly evolving "democratization." As access becomes more widespread and information transparency increases, traditional investors across the wealth spectrum have more opportunities to participate in private market transactions as a viable means of portfolio diversification.  

In this session, our panel of experts will discuss the myths,  misperceptions and risks – as well as the opportunities – for clients in the private equity and credit markets.

5:20pm

Networking Reception

6:30pm

Event Concludes

Jim Foster

Chief Investment Officer & Managing Director, Greycourt

Jim Foster is Chief Investment Officer and Managing Director of Greycourt and serves as a member of the management committee. As Chief Investment Officer, Jim leads Greycourt’s investment committee to determine the firm’s capital markets views and overall investment philosophy and process. In addition to his duties as Chief Investment Officer, he advises wealthy families and institutional clients on strategic and tactical asset allocation and investment strategy as a member of Greycourt’s advisor team. Jim has had a long investment career as a market maker in mortgage-backed securities, structurer of complex equity derivatives and swaps, and developer of analytics and simulation techniques to evaluate complex assets and support dynamic decision making. He has worked extensively across investment management, consulting, and distribution serving as a fiduciary and advising clients on asset-liability matters, after-tax asset allocation, manager structure and selection, performance analysis, and specific fiduciary and investment issues associated with concentrated securities positions. Jim taught for several years as an Adjunct Assistant Professor of Finance in the Stern School of Business at New York University and is currently an Adjunct Professor of Finance at Carnegie-Mellon University in the Tepper School of Business.

Wally Head

Principal and Vice Chairman, Gresham Partners

Wally leads Gresham’s strategic growth initiatives and he serves as a senior advisor to families and their related entities. Wally draws on over 35 years of experience serving as a senior executive in trust, investment, wealth management and family office advisory firms, and as a personal advisor to wealthy individuals and families.

As the founder of Personal Fiduciary Advisors, LLC (“PFA”), now a subsidiary of Gresham, Wally provided unconflicted consulting services to banks, family offices, RIAs and wealthy families. Prior to establishing PFA, Wally was chief executive officer of wealth management at The Private Bank and Trust Company in Chicago, where he also served as a member of the Bank’s executive committee, a member of its board of directors, and chairman of its trust committee.

Previously, Wally was president of Family Office Exchange, LLC, a managing director of Sanford C. Bernstein & Co., and a tax partner and national director with Arthur Andersen & Co.  He also has served as a Trustee and Vice Chairman of the John G. Shedd Aquarium Board of Trustees in Chicago and a Trustee and Chairman of the Westminster College Board of Trustees in Missouri. 

Curt Lawhorn

Director of Private Markets Research, DiMeo Schneider

Curt directs DiMeo Schneider’s Global Private Markets research effort, which includes private equity, private real assets and private credit. He also serves on the firm’s Investment and Discretionary Committees as well as the Global Hedge Fund Strategies and Global Public Markets Research Teams. Prior to joining the firm in 2014, Curt audited private equity and hedge funds in PwC’s financial services assurance practice in Chicago and Boston. Curt received a BBA in Finance and Economics, cum laude, from the University of Miami, a Masters in Accounting from the University of North Carolina at Chapel Hill and is a Certified Public Accountant.

Liz Michaels 

Director of ESG/SRI, Chief of Staff, Aperio Group

Liz Michaels is Aperio Group's Director of ESG/SRI, Chief of Staff and member of the Executive Committee. Prior to joining Aperio, Liz was responsible for the defined contribution managed accounts business at Ibbotson Associates, a wholly-owned subsidiary of Morningstar, Inc. Earlier in her career, she was the Chief Operating Officer of Morningstar, Inc. and served on the company's executive committee. Liz was also the President of Jellyvision, Inc., an interactive firm best known for its game, You Don't Know Jack™. Liz has a BA in Economics and an MBA from the University of Chicago. 

Paul Platkin

Chief Investment Officer, Hillview Capital Advisors

Paul Platkin is the CIO of Hillview Capital Advisors, a multi-family office.  He brings more than 20 years of experience, managing all aspects of multi-asset portfolios. 

Prior to Hillview, Mr. Platkin spent 3 years as CIO of Gruss & Co., a single-family office.  From 2003-2012, Mr. Platkin served as CIO of Robeco-Sage Capital (subsequently Arden-Sage after its acquisition), a $2 billion hedge fund-of-funds.  Mr. Platkin began his career at GM, where he spent a decade working at both the Treasurer’s Office and General Motors Asset Management, the $90 billion pension manager. 

Mr. Platkin holds an M.B.A. from Columbia Business School and a B.S.B.A. from Georgetown University.

Dan Rahill

Tax Partner, BDO

A leader for more than 30 years, Dan has significant experience advising high net worth individuals, family offices, and privately held businesses on their tax, estate, investment, philanthropic, risk and family capital needs. He works closely with clients on  restructuring, negotiation and transaction management in mergers, acquisitions and divestitures, as well as  financial modeling and budgeting. Dan advises wealthy families on tax minimization, wealth preservation, and family office strategies.  His clients have crossed various sectors, including consumer and industrial products, energy, manufacturing, retail distribution, alternative investment funds, and professional services.

Dan frequently lectures on tax legislative topics to CPA societies, bar associations, family office organizations, trade and industry groups, and colleges and universities.  He is published and quoted widely in media, industry and accounting publications such as the Chicago Tribune, Crain’s Chicago Business, ABC7 News, Yahoo Finance, and the Illinois CPA Society’s Insight Magazine. Most recently, Dan led BDO’s Opportunity Zone practice bringing a wealth of knowledge and experience to investors. Dan serves on three academic advisory boards as well as several not-for-profit boards and committees.

Previously, Dan was with KPMG for 27 years and held numerous leadership roles, including Tax Managing Partner of the Chicago Metro Business Unit and Midwest Leader of the Mid-Market Practice. Dan was also a trustee of the KPMG Foundation and served as the Global Lead Partner on many of KPMG’s high-profile multinational accounts, privately held companies and family offices. Prior to KPMG, Dan practiced law in Chicago specializing in tax and estate planning.  He began his career in audit with Ernst & Young.

Dan served on the Illinois CPA Society Board of Directors for nine years, including as its Chairman, and currently is on the Board of the Illinois CPA Society Endowment Fund and ICPAS Tax Advisory Council. He is on the National Governing Counsel for the American Institute of CPAs, the AICPA’s Tax Practice Management Committee, the Board of Directors of Metropolitan Family Services of Chicago (Finance Committee Chair), the Chicagoland Chamber of Commerce Tax Forum, the Advisory Boards of the University of Notre Dame and the University of Illinois Accounting Programs, and the Northeastern Illinois University College of Business.  In addition, Dan was on the boards of The University of Illinois MST Program, The Tax Assistance Program of Chicago, The Notre Dame Monogram Club, The University of California Merced Foundation, and served as Chair of the Membership Committee of The Economic Club of Chicago.

Dan earned a bachelor’s degree in accounting from the University of Notre Dame (2008 Accounting Alumni of the Year), and a J.D. and LL.M. (Taxation) from DePaul University Law School. He is a Certified Public Accountant (CPA), Chartered Global Management Accountant, and is licensed to practice before the U.S. Tax Court.

William H. Reynolds, Jr.

Senior Managing Director, MCS Capital

Bill Reynolds is Senior Managing Director of MCS Capital LLC, an investment affiliate of the Marcus Corporation, Milwaukee, Wisconsin. The Marcus Corporation operates and owns hotels, resorts, restaurants and movie theaters. The company formed MCS Capital to expand its investments in the hospitality space with a focus on value-add investments. The company has experience investing in and operating branded and independent upscale properties.

Prior to joining Marcus, Reynolds served as Secretary of the College at Trinity College in Connecticut; Managing Director and Chief Investment Officer at Thayer Lodging Group;  EVP & Chief Investment Officer of MeriStar Hospitality REIT; Senior VP Development of Interstate Hotels & Resorts and CapStar Hotel Company. Reynolds started his hotel career in 1985 as a principal and EVP of Metro Hotels in Dallas. Reynolds also served as president of City Associates, a Houston based office building developer and as VP Marketing and Development for Portfolio Management, a residential developer in Texas and Connecticut. 

Reynolds has served on the Urban Land Institute Hotel Development Council, the New York Hospitality Council, the Lodging Industry Investment Council, and the steering committee for America’s Lodging Investment Summit (“ALIS”).He is a frequent speaker at hospitality industry conferences and serves on the board of directors of Carey Watermark Investors, a non-traded SEC registered hotel REIT. He also serves on the advisory board for Stockbridge, MA based Main Street Hospitality.