Nonprofit and Association Reserves: Lessons Learned from the Extreme Market Volatility of 2020
Tuesday, October 27, 2020 | 1:15 p.m. - 2:15 p.m.
Presenter: Dennis Gogarty, CFP®, AIF, President, Raffa Wealth Management & Mark P. Murphy, CFA, Chief Investment Officer, Raffa Wealth Management
Dennis P. Gogarty is the President of Raffa Wealth Management, LLC. Dennis co-founded Raffa Wealth Management in 2005 and has served as the firm’s President and lead investment adviser representative every since.
Dennis actively promotes the need for increased investment education and transparency. He is the founder of the Study on Nonprofit Investing (SONI), an annual study promoting access to information that allows nonprofits to benchmark their investment performance and policies with their peers.
Dennis has presented extensively on issues impacting nonprofit and association investing. Dennis currently serves on ASAE’s Finance and Business Operations Council. Additionally, he offered his knowledge and expertise to support local nonprofits as a committee member for organizations including St. John’s Community Services Foundation and StreetLaw.
Dennis completed the Certificate in Financial Planning program at the Georgetown University Center for Continuing and Professional Education and earned a Bachelor of Science degree from Frostburg State University. Dennis is a CERTIFIED FINANCIAL PLANNER™ and an Accredited Investment Fiduciary®.
Mark P. Murphy is Raffa Wealth Management’s Chief Investment Officer. Mark supports all areas of the firm’s analytical and due diligence processes. Mark has been with Raffa Wealth Management since 2010.
Mark’s career in financial services began in 2004 at Cambridge Associates, LLC where, as Investment Performance Analyst, he performed a variety of research and analytical functions including the effect of asset allocation and security selection on risk and return. Mark then joined CapitalSource Finance, LLC as Senior Account Executive where he managed a portfolio of commercial real estate loans. Mark’s responsibilities included financial analysis and due diligence in support of overall strategy recommendations.
Mark graduated from the University of Richmond, cum laude with a Bachelor of Science degree in Business Administration with concentrations in Accounting and Finance. A Chartered Financial Analyst, Mark earned the right to use the CFA designation after meeting the CFA Institute’s educational and professional requirements. The CFA designation is globally recognized and attests to a charterholder’s success in a rigorous and comprehensive study program in the field of investment management and research analysis. Mark is a member of the CFA Society of Washington D.C.
Description: Global stocks sank in March of this year as the spread of COVID-19 nearly closed the world economy. At the same time, interest rates plummeted and bonds experienced significant volatility. Shortly thereafter in April, markets recovered faster than anyone could have possibly predicted. In this session, we’ll outline the critical lessons learned and discuss what actions nonprofits and associations should be considering now, such as: is another decline inevitable, is it time to sell stocks, are bonds safe, should we rebalance, and how can we safely earn more in fixed income?
Learning Objectives:
- Key drivers in deciding whether or not to rebalance the portfolio
- Relative performance expectations in bull and bear markets
- If and when organizations should remain disciplined to their investment strategy
This event has been reviewed for CPE and CAE. If you would like to receive your CPE or CAE for this event, please email hq@far-roundtable.org
CPA: Finance – Technical, Asset Management/Financial Management
CAE: 1. Strategic Management, C. Financial Management, 4. Recommend, implement, and manage revenue, investment, and reserve policies
FAR is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. Field of Study: TBD Program level is basic – update. There are no pre-requisites nor advanced preparation. It is Group-Live delivery method. Sponsor ID: 109395
FAR is a CAE Approved Provider. Program(s) will be evaluated monthly to meet the requirements for fulfilling the professional development requirements to earn or maintain the Certified Association Executive credential. Every program that we offer which qualifies for CAE credit will clearly identify the number of CAE credits granted for full participation, and we will maintain records of your participation in accord with CAE policies. For more information about the CAE credential or Approved Provider program, please visit www.asaecenter.org/cae.
For more information about this educational program, please contact the FAR office at: 1325 G Street NW, Suite 500, Washington, DC 20005 or email (hq@far-roundtable.org).
