The conference brings together some of the financial industry's top minds.
On the Agenda
Agenda subject to change.
8 a.m.–7:30 p.m.
10 a.m.–11 a.m.
Fund Ratings Systems & Performance
We run the gamut from the basics of the Morningstar Rating for funds (the “star rating”) to the methodology behind the Morningstar Analyst Rating for funds, our forward-looking, subjective rating, and discuss our analysis of each rating system’s efficacy.
Social Comparisons and Financial Well-Being
Sarah Newcomb, Morningstar
Humans have a natural drive for social comparisons as a means toto make sense of our place in the world. Recent work by Morningstar explored how social comparisons affect overall financial well-being. This talk offers an overview of the relationship between how we compare ourselves withto others and how we feel about ourselves – when it comes to money. Participants will learn the pitfalls and benefits of both upward and downward comparisons and gain practical tips on how to improve overall financial well-being with simple mind-set changes.
Evaluating the Federal Government’s Approach to Helping Investors
Aron Szapiro, Morningstar
Morningstar’s director of policy research walks through the main ways the government tries to nudge ordinary people to invest wisely—tax incentives, disclosure, and direct regulation of advice—and what decades of mixed results tell us about the future of regulation and how to help investors succeed.
11 a.m.–12 p.m.
What’s New With Morningstar Indexes?
Dan Lefkovitz, Morningstar
Morningstar Indexes combine the science and art of indexing to give investors a clearer view into the world’s financial markets. In this session, you’ll learn about our Open Indexes program for asset managers, new index series that we’ve developed to help investors, and trends in indexing that are relevant to both advisors and asset managers
Women in Investing: Morningstar's Latest Research
Laura Lutton, Morningstar / Madison Sargis, Morningstar
New Data for Choosing and Understanding Funds & Companies
Nick Vasilos, Morningstar / Janet Yang, Morningstar
1 p.m.–2 p.m.
New Tools for Sustainable Investing
Jon Hale, Morningstar
In this session, you’ll learn about the latest techniques for identifying and evaluating environmental, social, and governance vehicles for your clients. We introduced the now-familiar Morningstar Sustainability Rating for funds in 2016 and have followed it with additional enhancements, including a significant new suite of tools and data that will be announced prior to the Morningstar Investment Conference.
Quant Variety Show: Flows, Attribution & Scenario Analysis
Lee Davidson, Morningstar
Learn about the latest work from our 40-strong quantitative analysis team. You’ll hear about our new scenario analysis tool and the latest in attribution and risk decomposition capabilities, and you’ll get an introduction to our new factors-that-drive-asset-flows dashboard.
The Latest in Beta Research
Ben Johnson, Morningstar
Learn about new research and tools we have developed to help advisors stay on top of investing in beta and strategic-beta strategies. We review the findings from the Active/Passive Scorecard report, explain the new strategic-beta attributes for classifying strategies, and cover other pertinent topics.
2 p.m.–3 p.m.
Break in Exhibit Hall
3 p.m.–3:30 p.m.
Opening Remarks With Kunal Kapoor, CEO, Morningstar
Kunal Kapoor, CEO, Morningstar
3:30 p.m.–4:30 p.m.
A Conversation With Walt Bettinger, CEO, Charles Schwab
Walt Bettinger, CEO, Charles Schwab
4:35 p.m.–5:30 p.m.
Kevin Kelly, founding editor of Wired magazine
5:30 p.m.–7:00 p.m.
Opening Reception in the Exhibit Hall
7 a.m.–6 p.m.
7 a.m.–8 a.m.
Breakfast in the Exhibit Hall
8 a.m.–9 a.m.
A Conversation With Daniel Kahneman
9:10 a.m.–10 a.m.
Taming Your Technologies
Dermot O'Mahony, Morningstar / Spenser Segal, ActiFi / Bill Winterberg, FPPad.com
When technology is working well, it can give advisors the freedom to do what they’re best at. The time saved can be used to introduce valuable new services, build lasting relationships with clients, understand client motivations, and personalize their investment strategies. In today’s investor-centric environment, these are all critical to the success of a modern advisor’s practice.
Rise of the Bond Pickers: Credit-Based Fixed-Income Strategies
Ryan Brist, Western Asset Management / Mohit Mittal, PIMCO / Elaine Stokes, Loomis Sayles
Corporate bonds have enjoyed a strong run since the depths of the financial crisis, leaving valuations at historically rich levels. Find out how these skilled bond-pickers identify winning credits, manage risk, and deliver compelling returns in ever-changing markets.
The Rise of the Machines
Osman Ali, Goldman Sachs / Kevin Franklin, BlackRock / Marcos Lopez de Prado, True Positive Technologies
Big data, machine learning, and artificial intelligence, oh my! Asset managers are engaged in an arms race, trying to outgun one another with ever more intricate data sets and sophisticated means of parsing them. This panel will explore how asset managers are leveraging these tools and whether they can provide managers a sustainable edge.
On the Cutting Edge of Retirement Research
Moderator: Christine Benz, Morningstar / David Blanchett, Morningstar / Jeff Holt, Morningstar / Aron Szapiro, Morningstar
Join Morningstar’s retirement experts as they discuss withdrawal rates, glide paths, behavioral factors, trends in financing healthcare, such as health savings accounts, and the evolving role of annuities in retirement planning.
10 a.m.–11 a.m.
Break in Exhibit Hall
11 a.m.–11:50 a.m.
Manager Selection From a Practitioner's Perspective
Phil Huber, Huber Financial / Anna Snider, Merrill Lynch / Michelle Ward, Morningstar
When it comes to choosing strategies for a portfolio or platform, the pros weigh many factors, including potential returns, risk, and cost. This panel will discuss how they distinguish manager skill from luck and how their priorities may be changing amid more scrutiny on performance and price.
Smart Plays in Developing Markets
Penny Foley, TCW / Anujeet Sareen, Brandywine Funds / Jeremy Schwartz, WisdomTree
Investors in search of growth often turn to emerging markets, tapping both equity and bonds in developing countries. In this discussion, the panelists will outline the best approaches to investing in the sector without taking on excessive risk.
Making Sense of the Multitude of Multi-Factor ETFs
Yasmin Dahya, JP Morgan / FeiFei Li, Research Affiliates / Antonio Picca, Vanguard
Multifactor ETFs have multiplied in recent years. Spreading one’s factor bets makes sense. But making sense of the current menu of these funds is a tall task. Our expert panel will unpack the key considerations investors should make when doing their due diligence on these funds.
Show Me the Income
Moderator: Jeremy Glaser, Morningstar / Christine Benz, Morningstar / Wyatt Lee, T. Rowe Price / Marta Norton, Morningstar
In a low-yield world, investors are hungry for income, and fund companies have developed often innovative new ways to meet that demand. At this session, you'll hear the pros and cons about all sorts of income-oriented strategies, ranging from more-esoteric managed-payout funds to even the humble balanced fund.
12 p.m.–1:30 p.m.
A Conversation With Mellody Hobson, President, Ariel Investments
Lunch Keynote Presentation
Mellody Hobson, President, Ariel Investments
1:40 p.m.–2:30 p.m.
What Drives Investor Success?
Steve Wendel, Morningstar
Morningstar has always striven to help individual investors succeed, and we play a pivotal role by providing them with the right tools and information to help them make the right decisions. However, this conversation must be extended to identify what drives this success. From behavioral science, we know that information alone is not enough because individuals face many other barriers to success that lead to an array of challenges. This presentation tackles key questions surrounding investor success such as: Who are investors? What are their goals? Are investors succeeding? What are the drivers of their success? What should the industry do to better enable this success?
Cryptocurrencies' Role in Portfolios
Stan Delaney, Morgan Stanley Investments
Bitcoin is real and at the top of investors' minds. All major ETF companies have filed for cryptocurrency funds. Does Bitcoin belong in clients’ portfolios? Is it even an asset class? What happens when a client brings their substantial Bitcoin holdings? How can you converse with clients about crypto? Come to this panel to find out.
Defensive Equity Investing
Darby Nielson, Fidelity / Raman Aylur Subramanian, MSCI / Meggan Walsh, Invesco
Should interest rates continue to rise, investors in stodgy traditional strategies may be in for a surprise. Panelists will discuss how playing defense through buying dividend-payers and less-volatile stocks may leave one’s flank exposed in a rising-rate environment.
The Future of Diversification
Moderator: Dan McNeela, Morningstar / Bob Boyda, John Hancock / Anne Lester, JP Morgan / Brad Vogt, American Funds
U.S. large-cap stocks have been on a multiyear performance tear, and investors in everything from international equities to alternatives and much else in between are asking why they bothered diversifying. In this session, portfolio managers on both sides of the debate will discuss how you should think about the diversification of your clients' portfolios.
2:30 p.m.–3:30 p.m.
Break in Exhibit Hall
3:30 p.m.–4:30 p.m.
Closing Keynote: Jeremy Grantham, Co-Founder, GMO
Jeremy Grantham, Co-Founder, GMO
4:30 p.m.–6 p.m.
Reception in Exhibit Hall
8 a.m.–12 p.m.
8 a.m.–9 a.m.
Breakfast in Exhibit Hall
9 a.m.–10 a.m.
Blockchain: Evolution or Revolution?
Adley Bowden, PitchBook / Jim Sinegal, Morningstar / Philip Straehl, Morningstar Investment Management
How real are the threats and opportunities that blockchain presents for investors? In this session, we’ll present the results of our extensive bottom-up research into the potential impact of blockchain on the industries that we cover, with an emphasis on financial services. We’ll also look at up-and-coming venture-capital-backed companies that hope to leverage the technology to disrupt companies and business models. The provided mosaic of views will help advisors place future developments around blockchain into a fundamental context that will be communicable to clients.
10 a.m.–11 a.m.
Global Equity Investing in a World of Blurring Borders
Moderator: Daniel Needham, Morningstar / David Herro, Oakmark Funds / Diana Strandberg, Dodge & Cox
11 a.m.–11:30 a.m.
Break in Exhibit Hall
11:40 a.m.–12:30 p.m.
Including Sustainability in Your Practice
Moderator: Jon Hale, Morningstar / Michael Janzi, Sustainalytics / Patricia Revas, Verus Wealth
Tax-Free Yield: Finding Opportunity and Avoiding Potholes in Muni Bonds
Melissa Haskell, MFS / James Murphy, T. Rowe Price
Municipal bonds have long been a haven for investors seeking strong returns while avoiding the taxman. This discussion will focus on the best sources for yield—and their relative safety—among both active and passive strategies.
Core and Abhor: Are Growth Strategies Poised for a Comeback?
Moderator: Kevin McDevitt, Morningstar / Kathleen McCarragher, Jennison Associates / Steve Wymer, Fidelity Investments
Investors have been leaving actively managed large-growth strategies in droves, often replacing these funds with broadly diversified passive options. Have investors moved away from the next best thing, or are they better off taking smaller bites at the growth apple? We’ll hear the case for each.
From Fintech to Healthtech: Investing in New Technologies & Business Models
Moderator: Tom Lauricella, Morningstar / Lawrence Johnson, Morningstar / Rodney Nelson, Morningstar / Nizar Tarhuni, PitchBook
Advisors are well aware of the risks and opportunities that emerging technologies present to their businesses. But how might you think about investing in fintech, healthtech, ”Internet of Things,” and other technologies on behalf of your clients? In this session, we’ll discuss emerging business models and the impact of new technologies on incumbent players.
When You Get Here
Welcome to Chicago
It’s Morningstar’s home and a hub for business and culture. You’ll be a quick cab ride away from the Loop, the center of the city. Spending most of the day at McCormick Place, you’re going to be right off Lake Michigan and just steps away from your hotel.
Where You’ll Stay
Unwind at the Hyatt Regency McCormick Place or Marriott Marquis Chicago after the conference. Book your room by May 20 for discounted rates.
Hyatt Regency McCormick Place
2233 South Dr. Martin Luther King Jr. Drive
Chicago, IL 60616
Marriott Marquis Chicago
2121 South Prairie Avenue
Chicago, IL 60616
Morningstar does not hire or authorize anyone to contact you to book your hotel rooms at the Hyatt McCormick or Hyatt Regency for the Morningstar Investment Conference. If you are contacted by a third party to book your room at the Hyatt for the Morningstar Investment Conference, please contact: email@example.com.
See You in the Exhibit Hall
Network with people from more than 100 organizations including asset management firms, fintech companies, and media groups. Morningstar experts will be on hand, too—ready to answer questions.
American Beacon Advisors
The American College of Financial Services
AQR Capital Management
Baillie Gifford International LLC
Cramer Rosenthal McGlynn, LLC
Diamond Hill Capital Management
Dodge & Cox
Domini Impact Investments
Edgewood Management, LLC
eMoney Advisors, LLC
ETC Marketing Services
Eventide Asset Management
Financial Advisor IQ
Financial Advisor Magazine
First Eagle Investment Management
Frankilin Templeton Investments
Frost Investment Advisors, LLC
Gitterman Wealth Management
Griffin Capital Securities, LLC
Havener Capital Partners
Hotchkis & Wiley
HSBC Global Asset Management
Investments & Wealth Institute
Janus Henderson Investors
Litman Gregory Asset Management
Loomis, Sayles & Company
Mairs & Power
Marketfield Asset Management, LLC
Moerus Capital Management LLC
MoneyGuidePro, Created by PIEtech
Money Management Institute
Morgan Stanley Investment Management
Royce & Associates
S&P Dow Jones Indices
Seafarer Capital Partners
Sit Mutual Funds
Smead Capital Management
Sound Shore Management, Inc.