Conference Announcement WU Gutmann Center Symposium 2017: “Financial Advice and Asset Management”

Conference Announcement
WU Gutmann Center Symposium 2017: “Financial Advice and Asset Management”

June 19, 2017; 9:00 – 17:30; WU Vienna, Austria

The WU Gutmann Center for Portfolio Management is proud to invite you to its ninth symposium – WU Gutmann Center Symposia 2017: “Financial Advice and Asset Management” on June 19 2017, at WU Wien (Vienna University of Economics and Business) Welthandelsplatz1, Festsaal 1, 1020 Vienna, Austria.

TOPIC: The financial crisis has revived the interest in the role of financial advice and in particular the standards that financial advisors should be held to. While financial advice is an essential part of asset management, policy-makers are concerned about conflicts of interests between financial advisors and their clients.

The WU Gutmann Symposium 2017 addresses various aspects of financial advice and asset management. The speakers shed light on the underlying factors, including behavioral aspects, and market structure that influence these conflicts of interests and thereby the quality of financial advice. In addition, they highlight possible solutions to deal with the incentive problems.

REGISTRATION: Participation is free of charge. To register please click on this link:

You will be redirected to our conference management system where you will be asked to create an account. If you submitted a paper or acted as a reviewer, you can use your existing account.

Deadline for registration: June 11, 2017

ENGELBERT DOCKNER MEMORIAL PRIZE: The Engelbert Dockner Memorial Prize is an award of 2,000 EUR given to the best paper presented at the WU Gutmann Center Symposium which is selected by the Academic Advisory Board.

PRELIMINARY PROGRAM: The conference starts at 9 am and finish at 5pm, followed by a refreshment. A detailed program is available at our website. (

Financial Advice and Bank Profits
– Stefan Ruenzi, University of Mannheim
Client Involvement in Expert Advice — Antibiotics in Finance?
– Annika Weber, Goethe University, Frankfurt
Variations in Investment Advice Provision: A Study of Investment Advisors and Millionaire Investors
– Ylva Baeckstrom, Cass Business School

The Market for Conflicted Advice
– Martin Szydlowski, University of Minnesota
Is Conflicted Investment Advice Better than No Advice?
– Jonathan Reuter, Boston College
Does Competition Protect Unsophisticated Investors?
– Yang Sun, Brandeis University

The Dividend Disconnect
– Samuel Hartzmark, University of Chicago Booth School of Business
Thinking about Prices versus Thinking about Returns in Financial Markets
– Zwetelina Iliewa, Centre for European Economic Research (ZEW)
Does Household Finance Matter? Small Financial Errors with Large Social Costs
– Harjoat Bhamra, Imperial College Business School

Mutual Fund Shareholder Letters: Flows, Performance, and Managerial Behavior
– Alexander Hillert, Goethe University, Frankfurt
Financial Literacy and Portfolio Dynamics
– Milo Bianchi, Toulouse School of Economics
Trust Busting: The Effect of Fraud on Investor Behavior
– Scott Yonker, Cornell University

WU Gutmann Center for Portfolio Management
WU Vienna, Department of Finance, Accounting and Statistics
Phone: +43-1-31336-5238

Save the Date – 7th Annual FDIC Consumer Research Symposium

Save the Date – 7th Annual FDIC Consumer Research Symposium

October 13, 2017, L. William Seidman Center, Sheila C. Bair Auditorium, Arlington, Virginia

Sponsored by the FDIC’s Division of Depositor and Consumer Protection

Please join us for the 7th Annual FDIC Consumer Research Symposium. The conference will be held at the FDIC’s facilities in Arlington, Virginia, on Friday, October 13.

OVERVIEW: The symposium will highlight new research on consumers’ capabilities, knowledge, preferences, and experiences in markets for financial products and services, as well as the effects of public policy interventions and new regulations on consumers, households, communities, and financial institutions. More details on the event and highlights from past conferences are available at:

CALL FOR PAPERS: We are still accepting submissions for the conference. If you are interested in submitting a paper or an abstract, please refer to the Call for Papers announcement for more information, at: As a reminder, the submission deadline is June 5, 2017.

We look forward to seeing you in October!

Call For Papers MIT Golub Center for Finance and Policy 4th Annual Conference

Call For Papers
MIT Golub Center for Finance and Policy 4th Annual Conference – “Government Financial Products, Policies, and Institutions”

September 27-28, 2017, Cambridge, MA

Governments have profound effects on the allocation of investment capital and risk throughout the world. They operate some of the world’s largest financial institutions, including development and state-owned banks, public and government pension funds, government-sponsored enterprises, and agencies providing credit for education, agriculture, housing, trade, infrastructure and businesses. Their policies and the products they choose to offer are major determinants of the quality, availability and pricing of financial services to households and firms, and of the costs and risks borne by taxpayers.

TOPICS: MIT’s Golub Center for Finance and Policy is inviting paper submissions for its annual conference which will shed new light on these issues and institutions, or that evaluate policy proposals related to them. Suitable topics include but are not limited to: public retirement systems and policies; restructuring the secondary mortgage market in the U.S.; infrastructure finance; government accounting policies and credit subsidy measurement; student loans; development banking; contingent liabilities of governments; and product design.

The mission of the MIT Golub Center for Finance and Policy (GCFP) is to serve as a catalyst for innovative, cross-disciplinary and non-partisan research and educational initiatives that address the unique challenges facing governments in their role as financial institutions and as regulators of the financial system.

RESEARCH TRACKS: Each year the GCFP’s annual conference brings together academics, policy makers and practitioners to discuss research and new developments in a selected area related to one or more of the main research tracks of the Center:
– Evaluation and Management of Government Financial Institutions
– Regulation of Financial Markets and Institutions
– Measurement and Management of Risk

This year’s topic cuts across all three areas. Both empirical and theoretical papers are welcome.

FURTHER INFORMATION: For more information about the GCFP and its past conferences please visit:

DATES: There will be a late afternoon session, a conference dinner and keynote speaker on the evening of Wednesday, September 27, followed by a full day of conference events on Thursday, September 28.

EXPENSES: Travel (economy class round-trip) and accommodation expenses will be covered for presenters and discussants.

PAPER SUBMISSION PROCEDURE: Please email a copy of your paper as a PDF to

DEADLINE: Deadline for submission of papers is 31 May 2017.

The authors of selected papers will be informed by June 30.

Sohn India Conference, June 5, 2017

Date: June 5, 2017

Location: Mumbai

Sohn India is the only conference of its kind in the country – the Sohn Investment Conference was started 22 years ago in New York to benefit a children’s cancer hospital. The conference calls upon the world’s most successful investors to offer their expertise — these investors give their time and inspire large audiences and followers in the name of the Foundation’s cause – medical philanthropy and pediatric cancer in particular.  Past speakers at Sohn Conferences have included leading global investors including Stan Druckenmiller, David Einhorn, Bill Ackman, Paul Tudor Jones, Jim Chanos , Steve Cohen and Paul Singer.

For this year’s conference in Mumbai, leading investors such as Rakesh Jhunjhunwala, Sunil Singhania, Ramdeo Aggarwal, Aakash Prakash, Kenneth Andrade, Shankar Sharma, and Ashwini Agarwal will be sharing their views.

Second area F& A Brown bag

Professor Debarati Basu will be presenting her work titled ” Regulations and Investment-Cash Flow Sensitivity: The Role of Group Affiliation, Ownership and Governance,” at the second Finance and Accounting Area Brownbag series on Thu, May 11th at 2PM. The abstract is here.

Keynote Address at the ThinkEdu Conclave

Professor Badrinath delivered a keynote address at the 5th annual Indian Express New Education conclave in Chennai on March 3, 2017. It is titled How can a “make in India’ education be made aspirational?


IIM, Bangalore, Prof. S G Badrinath

Presentation by Prof. Vikas Agrawal.

The Centre for Capital Markets is pleased to present a talk by Dr. Vikas Aggarwal, the H. Talmage Dobbs Chair in Finance at Georgia State University on Monday, March 6, 2017.


 Vikas has kindly agreed to make himself available before the paper presentation in the CCMRM conference room.

9:00  – 9:30 AM Professor Ana Marques (confirmed)

9:30 – 10 AM Professor Debarati Bose

10:00 – 10:30 AM    Professor Srini Rangan ?

10:30- 11:00 AM Professor PC Narayan (confirmed)

11:30 – 1:00 PM “ Interfund lending in Mutual funds: Role for Liquidity Management, Room P-11.

1:00 – 2:30 PM Lunch (Badri, Anand )

Presentation on Behavioral Finance

Professor Badrinath condcted a one-hour presentation on Behavioral Finance at a workshop conducted by the Indian Association of Investment Professional, at the Stock Market Institute, 4th Block,Jayanagara Jaya Nagar, Bengaluru on February 11, 2017. Here is the agenda.



CFA Society – Workshop on ‘Dealing with Ethical Dilemmas and Ethical Decision Making in the Investment Management Industry’

IIMB has an active association and a MOU with CFA Institute.  As a part of this collaboration, the Centre for Capital Markets and Risk Management/Finance Lab organizes a 90 minutes talk on ethics on October 18, 2018.  The details of the workshop and profile of the speaker are given below.

‘Dealing with Ethical Dilemmas and Ethical Decision Making in the Investment Management Industry’, by Michael McMillan

Date –  18th October 2016,

Indian Institute of Management, Bangalore

Time: 3.30 p.m. to 5.00 p.m. 

Venue:  To be announced

Being able to work successfully with ambiguity is increasingly cited as a critical skill in modern workplaces.  Ambiguity presents numerous challenges, among them the ability to identify reliable principles to base decision making on, and the ability to apply a process through which to systematically evaluate options for action.

Ethical dilemmas are a form of workplace ambiguity, readily generated by the competing priorities in finance and investment businesses.  It is a common misperception that unethical action is an uncommon occurrence, performed by already bad people. On the contrary, ethical dilemmas are entirely commonplace occurrences, and often result in perfectly good people deciding to do questionable things.

CFA Institute is a not-for-profit organization that has had ethics at the core of its mission and programs for over 50 years; its mission is to raise professional and ethical standards so that the investment industry serves the greater good of society. Michael McMillan, CFA would be conducting a 90 minutes case based workshop, which will broadly have 3 goals:

–         Encourage you to become more conscious about your thoughts and behaviors so that you are more likely to notice, and act upon ethical issues before they become a problem

–         To recognize that ethical dilemmas are a normal and predictable part of most jobs

–         To discuss and practice approaches for dealing with ethical issues

About Michael McMillan:

Michael McMillan, CFA, is Director of Ethics and Professional Standards at CFA Institute, where he is responsible for creating, sourcing, and developing educational content for CFA Institute members and investment professionals in the area of ethics and professional standards. Previously, he was a professor of accounting and finance at Johns Hopkins University’s Carey School of Business and George Washington University’s School of Business. Prior to his career in academia, McMillan was a securities analyst and portfolio manager at Bailard, Biehl, and Kaiser and at Merus Capital Management. He is a certified public accountant (CPA) and a chartered investment counselor (CIC). McMillan holds a BA from the University of Pennsylvania, an MBA from Stanford University, and a PhD in accounting and finance from George Washington University.