East Side Breakfast: Over-Rated? How Surging Interest Rates & Slow Growth May Radically Change Wealth Transfer Planning sponsored by Hahn Loeser & Parks LLP
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Please note the special time and location of this event.
If attending in person, breakfast will be served at 8:00 am and the program will start promptly at 8:20am.
If attending virtually, the webinar session will begin at 8:20 am.
About the Program
For the past decade, historically low interest rates—not valuation discounts or the huge gift and estate tax exclusion (currently $12.06 million)—have been the cornerstone of wealth transfer planning strategies established by ultra-high-net-worth families. But with surging interest rates and low growth expectations, that is likely to change. In this interactive session, Frank Gagliardi, Vice President and Client Advisor for Bernstein Private Wealth Management, and Tom Pauloski, National Managing Director of Bernstein’s Wealth Strategies Group, will discuss why these seismic economic changes may profoundly affect how tax professionals advise wealthy families. The next generation of wealth transfer plans may look more like those created in the 1990s than like recent plans, which have been driven largely by near-zero capital costs.
About the Speakers
Frank Gagliardi is a Vice President and Client Advisor in the Cleveland office of Bernstein Private Wealth Management. He advises individuals and institutions regarding a wide range of financial planning and investment matters, tailoring comprehensive strategies uniquely suited to each client’s individual resources, tax situation, risk tolerance and estate planning goals. Frank was appointed to his current position in 2018. Prior to joining the firm in 2007, Frank began his career with a local RIA firm as an investment analyst and client relationship manager. Frank holds a BSBA in finance from John Carroll University and he became a CERTIFIED FINANCIAL PLANNER™ professional in 2022. Frank serves on the board, and finance committee, at United Cerebral Palsy of Greater Cleveland, in addition to serving on the board for the Chagrin Valley Jaycees. Frank is also on the membership committee, and a member of the Estate Planning Council of Cleveland and serves on the gift planning advisory committee for the Cleveland Museum of Natural History.
Thomas J. Pauloski is National Managing Director for Wealth Planning and Analysis, the research division of Bernstein Private Wealth Management’s Private Client Group. He works with private clients and their advisors on wealth transfer strategies, focusing on tax-efficient wealth management and asset allocation decisions. Previously, Tom was a partner at the Chicago law firm of Winston & Strawn LLP, where he concentrated his practice in estate, tax, and business planning. Tom also has been a member of the Chicago law firm of Levin & Schreder, Ltd., a Vice President in the Private Client Group of Zurich Life in Long Grove, Illinois, and a partner at the Chicago law firm of Schiff Hardin & Waite. Tom is a nationally known speaker on estate planning, tax, and insurance issues, and has written numerous articles and continuing legal education materials on estate planning topics. He serves on the faculty of the American Bankers Association National Trust and National Graduate Trust Schools, and has served on the adjunct faculty of the Cannon Financial Institute Schools. Tom has been an adjunct professor at Loyola University Chicago School of Law and has taught estate planning classes at Northwestern University Law School. Tom also has served on the editorial board of Trusts & Estates magazine. He retired from the United States Naval Reserve in 2003, after 21 years of service. Tom received his bachelor of science degree in environmental engineering from Northwestern University, and his juris doctor, magna cum laude, from Loyola University Chicago School of Law, where he served as editor-in-chief of the Loyola Law Journal.
Michael Wear, Esq., AEP® │ 2022-2023 Program Chair
Continuing Education – EPC Cleveland will request approval for this program from the CFP® Board of Standards for CFP® designation holders, from the Supreme Court of Ohio for Ohio attorneys to receive CLE credit, and from the Ohio Department of Insurance. A certificate of completion will be available for those AEP®, CPA, and CWS designees who feel the program satisfies their continuing education requirements.
Reservation Policy –
IN PERSON: All attendees are encouraged to register in advance and walk-in reservations will be accepted on a space-available basis only. The meeting cost is $35 for members when paid in advance before noon 11/29/22, $50 for members at the door, $50 for guests, and $210 for a table of six (can be mix of members and non-members - please submit names to admin@epccleveland.org by 11/29/22). If you reserve and are unable to attend, please call the office to cancel by noon 11/29/22 to avoid a no-show reservation billing.
VIRUTAL: All attendees must register in advance. The meeting cost is $10 for members and $15 for guests. You will receive login credentials with your registration confirmation email.
To reserve, click "Register Now" below.
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