The Options Institute, the educational arm of Chicago Board Options Exchange, Inc. (CBOE), is introducing two new courses for financial planners and investment advisors, which will each be offered on four different occasions throughout 2005.
‘The Options Course For Advisors and Planners’ is a one-day course designed for advisors and planners new to options. The course will help advisors better understand options concepts and strategies that can be utilized to manage the risk associated with owning stock, a mutual fund, or an exchange-traded fund. The course will also illustrate how the use of options can potentially generate additional income for an investment portfolio.
‘Managing Concentrated Stock Positions’ is also a one-day course; designed for advisors who have clients that own concentrated stock positions, often the largest planning hurdle for a high-net-worth client. This session will explore strategies to creatively use leverage, stock options, charitable gifts and derivatives to manage concentrated risk. This course will also cover the Sarbanes-Oxley Act and its impact on planning for concentration in employer stock.
The curriculum for the ‘Managing Concentrated Stock Positions’ course was created with input from Kochis Fitz, an investment advisor who specializes in this field. Tim Kochis, Chief Executive Officer of Kochis Fitz, and one of his colleagues will join Options Institute instructors in presenting the course. He and his Kochis Fitz colleagues have written Wealth Management, A Concise Guide to Financial Planning and Investment Management for Wealthy Clients, CCH, June 2003. His second book, Managing Concentrated Stock Wealth, An Adviser’s Guide to Building Customized Solutions, will be published by Bloomberg Press in June 2005.