Marcia Williams and Patrick Severo, CIMA: Maximizing Returns in a Volatile Market [audio]
Seminar: "Maximizing Returns in a Volatile Market"
From the 2012 ICCFA Annual Convention
We are all familiar with the impact of inflation over the last several years on food, fuel and healthcare. The death care profession is not immune. Funeral service professionals are struggling as the rate of inflation on actual funeral costs is in some cases outpacing the original preneed revenue. In addition, with interest rates at their lowest in years, the perpetual care of cemetery properties can no longer be offset by exclusive allocations to government bonds or certificates of deposit.
In this session, financial management experts Marcia Williams and Pat Severo will share:
• inflation's impact on the death care industry and trusts
• investment structures within your trusts to maintain purchasing power
• where to go for yield in a low interest rate environment
• trusting additional amounts as part of your strategy
• how to mitigate risk in a volatile market
Marcia Williams is founder and president of Independence Trust Company, a federally chartered trust company based in Franklin, Tennessee, which works with cemetery and funeral trusts across the country as trustee and investment manager. Marcia serves on the ICCFA Government and Legal Affairs Committee and has served as supplier representative to the board of the Cemetery Association of Tennessee.
Pat Severo is senior vice president of RBC Wealth Management, Beverly Hills, California. He holds the designations of Certified Investment Management Analyst from the Investment Management Consultants Association, Accredited Investment Fiduciary from the University of Pittsburgh and Accredited Wealth Manager from Michigan State University.
Any handouts from this presentation are included in the download or on the CD.