Financial Literacy Day 2019

Financial Markets and the Economy – Financial Literacy Day 2019

The 2019 Event, “Financial Markets and the Economy – Financial Literacy Day III” was held April 11, 2019

Cumberland Advisors in partnership with the University of South Florida, Sarasota-Manatee (USFSM) and the Global Interdependence Center (GIC), with support from the Financial Planners Association (FPA) are proud to host this annual event.


An Update on Financial Markets and the Economy

was the 3rd Annual Advanced Financial Literacy Day at USFSM.


If you were unable to attend our event, Financial Markets and the Economy – Financial Literacy Day III, in Sarasota, our University partner has provided a streaming video option and we are busy segmenting panels and talks for our YouTube Channel.

Please use the shortcut below or select the streaming graphic to view Cumberland Advisors and our event partners during a day of discussion and panel talks.

Cumberland Advisors & USF Sarasota-Manatee Financial Literacy Day



    • Are you a Financial Professional? AFCPE Post Certification and the CFP Board offered a total of 6 continuing education credit hours for attending this event.

    • Financial Markets and the Economy – Financial Literacy Day III was an open forum for individual investors, state and local officials, financial institutions, pension trustees, philanthropy activists, policy makers and policy wonks – all were welcome. At Cumberland Advisors, we believe everyone benefits from increased financial education. Topics included but were not limited to philanthropy and its impact and stewardship, financial market developments, the outlook for the U.S. stock market and the world, the U.S. banking system, and the global economic outlook.

David Kotok & George Schofield discuss the upcoming afternoon speakers & panels slated for “Financial Markets & the Economy – Financial Literacy Day III” on April 11, 2019. The lineup includes Susan Harper Canadian Consul General in Miami, Leland Miller CEO China Beige Book International, Paul F. O’Brien Former Deputy CIO Strategy & Planning Dept Abu Dhabi Investment Authority, and Gretchen Morgenson, Senior Special Writer in the Investigations unit at The Wall Street Journal.

  • Banks and the banking system are a big part of Financial Literacy Day. Last year we heard from Federal Reserve President Raphael Bostic, whose Atlanta-headquartered district includes the State of Florida. We discuss changes in bank supervision and regulation and legislation that alters the banking playing field; because requirements differ for the community banks, the small and mid-sized banks, and the very large banks (GSIBs), consumers and investors have varying levels of exposure which may affect your decisions and bottom line. Hundreds of thousands of individuals, businesses, and other organizations in the greater Sarasota-Bradenton region interact with banks daily.

    Financial Literacy Day sessions are designed to give the public a real window of opportunity to learn about financial markets and economic issues and to pose their questions to experts.

    The Financial Literacy Day stock market session will also include discussion of banks, bank stocks, and related securities. Banks and financials make up about 15% of the American stock market weight, looming large in the US investing landscape, and they have been strong performers in the recent stock market rally. Will that trend continue? Why or why not? Are there credit issues on the horizon? What will the implications be for banks as the Federal Reserve changes its monetary policies?

    Financial Literacy Day 2019 Agenda

    Panel Discussions Include:

    • Outlook for the US Stock Market & Global Economic Outlook
    • Special Session: Health, Hunger and Philanthropy
    • How the World Looks in Economics and Geopolitics
    • Keynote Speaker: Gretchen Morgenson, The Wall Street Journal: Senior Special Writer, Investigations Unit
    • A Conversation with Susan Harper, Canada’s Consul General in Miami

    David R. Kotok, chief investment officer at Cumberland Advisors, along with Karen Holbrook, Regional Chancellor, USF Sarasota-Manatee, will offer opening remarks and serve as program moderators. Kotok has written articles for The New York Times and The Wall Street Journal and contributes regularly to Bloomberg TV, Fox Business and other media.


    Schedule for Thursday – April 11, 2019

    8:00 – 8:30 a.m. | Registration and Coffee


    8:30 – 9:00 a.m. | Welcoming Remarks

    David R. Kotok, CIO, Cumberland Advisors, GIC Board Member

    Karen Holbrook, Regional Chancellor, USF Sarasota-Manatee


    9:00 – 10:00 a.m. | Session I – The Stock Market

    Matt McAleer, Executive VP & Director of Equity Strategies, Cumberland Advisors

    Richard Hoey, Senior Economic Advisor to BNY Mellon Wealth Management

    Tripp Zimmerman, Director of Research at WisdomTree Asset Management, Inc.

    Moderator: Maryanne Waldman, RBC, Boston, MA


    10:00 – 10:15 a.m. | Break


    10:15 – 11:30 a.m. | Session II – Health Hunger and Philanthropy

    Judith Monroe, President and CEO, CDC Foundation

    Erin McLeod, CEO, Friendship Centers, Sarasota, FL

    Lisa Marsh Ryerson, President, AARP Foundation.

    Gabriel Hament, Cumberland Advisors

    Moderator: Lisa Shaw, CFP, CIMA, Managing Partner, Cygnus Asset Management, LLC


    11:30 a.m. – 12:00 p.m. | Special Report on the Use of the Bloomberg Terminals – Two Years Later

    Paul Bova, Director of Development and/or Dr. GJ de Vreede, Dean,
    University of South Florida Sarasota-Manatee College of Business


    Noon – 1:00 p.m. | Lunch


    1:00 – 1:15 p.m. | Report on National and International Financial Literacy on-line exams

    Christine Brown, CFA Tampa Bay, Society Executive, Tampa, FL


    1:15 – 2:00 p.m. | A Conversation with Canada’s Consul General in Florida

    Susan Harper, Canadian Consul General in Miami, Former Economic Minister for Embassy of Canada


    2:00 – 3:00 p.m. | Session III – How the World Looks to Me

    Leland Miller, CEO, China Beige Book International

    Paul O’Brien, Deputy Chief Investment Officer, Strategy and Planning Department, Abu Dhabi Investment Authority, ADIA.

    Moderator: Alison Gardner, Senior Vice President & Financial Advisor, RBC Wealth Management


    3:00 – 3:15 p.m. | Break


    3:15 – 4:00 p.m. | Keynote Speaker

    Gretchen Morgenson, Senior Special Writer in the Investigations unit at The Wall Street Journal


    4:00 p.m. | Concluding Remarks

    Reception and Book Signing

    FINANCIAL MARKETS & THE ECONOMY Financial Literacy Day III Keynote Gretchen Morgenson (Book - Reckless Endangerment)

    Event Location

    University of South Florida Sarasota-Manatee
    Address: Selby Auditorium, 8350 N Tamiami Trail, Sarasota, FL 34243

    “We are excited to be able to partner with Cumberland Advisors and the Global Interdependence Center to offer this event to members of our community again this year,” said USFSM’s Dr. James Curran in 2018. “To be able to listen to the perspectives of so many financial experts from around the world is an incredible opportunity for anyone with a serious interest in the world of business.”

    At 2017’s event, a special ceremony was held to dedicate the new David Kotok and Cumberland Advisors Bloomberg Lab at USFSM. The facility features 12 Bloomberg computer terminals for use by USF Sarasota-Manatee students and students within the Cross College Alliance, which includes, in addition to USFSM, New College of Florida, Ringling College of Art and Design, State College of Florida and FSU/The Ringling.

    These highly prized information networks are typically used by Wall Street traders and financial advisors to track stocks and other investment vehicles and to monitor world economic and financial news. The terminals are a rarity at colleges.

    Kotok and Cumberland Advisors donated them to mark the first Financial Literacy Day. At the upcoming 2019 event, an update as to how students are benefiting from the lab will be given .

    “Last year’s event was so well-received by members of our community that we decided to provide this learning opportunity once again,” USFSM Regional Chancellor Dr. Karen Holbrook said. “We are so grateful for the partnership we have with Cumberland Advisors and the Global Interdependence Center, which enable us to bring industry experts to our campus.”

    Financial Markets and the Economy – Financial Literacy Day III starts at 8:30 a.m. after check in and coffee. Refreshments, a catered lunch, and a book reception with lite hors d’oeuvres, all are included. Registration is $50 to help defray costs for the university. Students may participate at a special rate of $25.

  • Financial Literacy Day – News Articles

  • Scene Magazine Article – Financial LiteracyThe David Kotok and Cumberland Advisors Bloomberg Lab


  • Michael McNiven, Ph.D. of Cumberland Advisors has written a guide called, Personal Finance in a Nutshell, in support of our efforts to drive financial literacy in our local community and wider society. Many of our friends and neighbors of all socioeconomic classes have not been exposed enough to fundamental financial principles and to that end we invite you to share this guide with others in your immediate circle and wider communities who may benefit from a refresher on these basic finance points. Download the Personal Finance Guide here:



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