Event Details
November Chapter Meeting: Fiduciary Risk and Liability Management
| Date: | November 10, 2016, 7:00am – 9:00am |
| Location: | The Summit |
| Event Type: | Meeting |
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Fiduciary Risk and Liability Management Strategies
Presented by: Michael R. Callan CFP, CRPS, AIFA
HR Managers and Representatives often play a pivotal role in the benefits package that is made available to the employees of a company, and a qualified plan is often a part of that package. To the surprise of many individuals who oversee a plan, they are often serving in a fiduciary capacity that subjects them to both responsibilities and potential liabilities. This presentation discusses various strategies and tactics that can be helpful in mitigating the liabilities that may otherwise be incurred. In light of the new Fiduciary Rule issued by the Department of Labor on April 6th expanding fiduciary responsibility this is a must attend meeting.
This program has been pre-approved for SHRM and HR Certification Institute Recertification Credits.
Mike is an industry veteran with more than 32 years of Financial Services experience. He, and his team of advisors, specializes in working with organizations throughout the state of Virginia in reference to their Qualified Plan needs. This may involve assisting the fiduciaries with the requirements imposed on them by the Dept. of Labor, as well as working with the rank and file employees in order to more effectively prepare for the financial requirements that await them in retirement.
Mike began his career with CIGNA Individual Financial Services in 1984, and, while there, he obtained the Certified Financial Planner (CFP) designation.
In 1991, Mike was given the opportunity to become a Trust Officer with Central Fidelity Bank, and while there he chose to develop his concentration in the area of Qualified Retirement Plans.
In 1998, Mike became affiliated with Paine Webber’s office in Virginia Beach, and in 2004, completed the requirements to obtain the designation of a Chartered Retirement Plans Specialist (CRPS) in an effort to continue his focus on this segment of the industry.
In 2004, Mike was asked to join the ranks of Merrill Lynch’s office in Virginia Beach, along with his partner, and son, Matthew, and in 2009 he completed the requirements to become an Accredited Investment Fiduciary (AIF).
In 2009, Mike, along with 2 of his partners, formed First Landing Financial, LLC, in order to deepen and expand the level of services they sought to make available to the Qualified Plan marketplace. In 2013, Mike met all of the requirements necessary to become an Accredited Investment Fiduciary Analyst (AIFA).
Mike is a graduate of St. Leo University with a degree in Business Management. He is an Investment Advisor Representative, and has completed the FINRA Exam Series 6, 7, 22, 24, 63 and 66.
Mike is a member of The Noblemen of Va. Beach, Team Hoyt of Va. Beach, and works in the Good News Jail and Prison Ministry in Va. Beach. He resides in Va. Beach with his wife of 42 years. They have two grown children, and three amazing grandchildren.
