Category: Uncategorized

AAII Houston September Meeting

Publicly Traded REITs as Essential Components of a Diversified Portfolio

by Matt Werner, CFA

Real estate is an essential component of a diversified portfolio providing an uncorrelated, inflation-linked asset class that has historically lowered portfolio risk and increased return. Chilton Capital Management believes publicly traded real estate investment trusts (REITs) are the superior vehicles for a real estate allocation due to proven management teams, liquidity, transparency and attractive total returns. In addition, public REITs provide the ability to diversify by geography, sector, strategy, property and tenant. Finally, REITs are unique in that active management has a distinct advantage due to extensive valuation comparables, particularly in the private market, and high predictability of cash flows.

From this presentation, you will learn:

  • How real estate investment trusts (REITs) are beneficiaries of recent tax reform
  • The current ‘goldilocks’ economic environment presents a case for above-average allocations to high quality real estate
  • How managed REIT strategies have produced high annualized alpha
    returns over the past 15 years

Mathew Werner, CFA, has been a portfolio manager for the Chilton REIT strategy since 2011. As of February 28, 2019, the Chilton REIT strategy had assets under management (AUM) of $482 million, spread across separately managed accounts and a 1940 Act mutual fund. Prior to Chilton, Werner was an assistant portfolio manager and investments associate at Salient Partners. Werner has a B.S. (with honors) from Boston College Carroll School of Management. Werner is a CFA charterholder, a member of the CFA Institute and the CFA Society of Houston and a member of the National Association of Real Estate Investment Trusts (NAREIT).

Meeting Detail

This meeting will be at the same time, place, and room temperature as our usual meetings.

Date and Time:

Saturday, September 21, 2019
8:30 am Registration/Social
8:45 am Program
10:00 am Break
10:15 am SIG Meetings
11:30 am Meeting Close


Trini Mendenhall Community Center
1414 Wirt Road
Houston, TX 77055

In Advance (received by 5:00 pm on Friday, Septermber 20 via PayPal or mail), – Everyone, $10./family
After 5:00 pm on Friday, September 20 – Everyone $20./person by PayPal only, bring proof of payment
No at-the-door registration
To pay online by credit card or PayPal account, click on the Pay with PayPal button below.

AAII Houston September 21, 2019 Meeting

Family registration for AAII Houston, September, 2019 Meeting on “Publicly Traded REITS as Essential Components of a Diversified Portfolio” by Matt Werner, Chilton Capital Management


To pay by mail, please send payment to:

AAII Houston Chapter
Charles McElroy
10210 Pilibos Park Court
Katy, TX 77494

Your payment must be received by 5:00 pm, Friday, September 20.
If you have any questions, please contact us by using the following form:

AAII Houston April 2019 Meeting with Two Speakers

Q1 2019 Market Update

by Jim Cahn, Wealth Enhancement Group

Market and tax volatility are still circling in the headlines and you may be wondering how all of this uncertainty could be affecting your portfolio. Join Wealth Enhancement Group’s Chief Investment Officer Jim Cahn as he helps clarify the factors that impact the market and where the economy is headed, along with tips on how to make the most of our current conditions. During the presentation we’ll discuss how the following impact your investments:

  • Global Economic Growth
  • Interest Rates
  • Style/ Factor Performance
  • Geographic Performance
  • Inflation
  • Alternatives
  • Tax & Cost Efficiency

Jim CahnJim Cahn brings significant financial services experience along with the investment management industry’s best thinking and best practices to his role as Chief Investment Officer of Wealth Enhancement Group. Prior to joining Wealth Enhancement Group, Jim served as chief investment officer and portfolio manager for a Chicago firm, where he oversaw investment programs, launched a hedge fund-of-funds and consulted with clients.  A frequent contributor to financial media, he has appeared on CNBC, Fox Business and BloombergTV, and has been quoted in The Wall Street Journal and The New York Times. He has also written a monthly column for since 2013.

Jim has a B.S. from Northwestern University and an MBA from the University of Chicago Booth School of Business.

Tax Efficient Wealth Transfer
(i.e. From Trusts to Taxes)

by Larry Smith,  Wealth Enhancement Advisory Services

You know you need an estate plan, and perhaps you already have one in place. But with new and comprehensive tax legislation that took effect last year, the rules have changed. Join us for a timely and informative presentation from Senior Vice President – Financial Advisor Larry Smith, CFP®, ChFC®, CLU®, AEP®, MSFS of Wealth Enhancement Group. You’ll walk away with a better understanding of:

  • The components of an effective estate plan
  • Why appropriate titling of your accounts is crucial to this plan
  • Updates to estate taxes for both federal and state, and when they expire
  • How to pass on wealth to your loved ones in a tax-efficient way

Larry Smith,  CFP®, ChFC®, CLU®, AEP®, MSFS has been providing financial planning and investment guidance to families for more than four decades. He joined Wealth Enhancement Group through the 2016 merger with Sound Financial Solutions. Larry has authored numerous articles and was a contributing author of the book, Managing Sales Professionals.  Larry’s certifications and awards include:

  • MS, The American College of Financial Services
  • CERTIFIED FINANCIAL PLANNER (TM) Professional, Chartered Financial Consultant®, Chartered Life Underwriter and Accredited Estate Planner®
  • Five Star Wealth Manager (2017)

Meeting Detail
Date and Time:
Saturday,  April 13, 2019
8:30 am Registration/Social
8:45 am Q1 2019 Market Update
10:00 am Break
10:15 am Tax Efficient Wealth Transfer

Trini Mendenhall Community Center
1414 Wirt Road
Houston, TX 77055



AAII Houston November 2018 Meeting

Simple but not Simplistic Investing at Home and Abroad

by Alec Lucas, Morningstar

With nearly 8,000 different U.S. mutual funds in existence today, investors have a vast array of options to build portfolios that are broadly diversified across asset classes and geographies. Yet, they also face the challenge of knowing which funds to choose and how to use them well. Morningstar Research Services provides independent and ongoing assessment of best-in-class funds to consider. This talk will draw on that research in helping investors toward a simple, but not simplistic, approach to investing.

Alec Lucas - HeadshotAlec Lucas is a senior manager research analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers equity strategies from asset managers such as American Funds, Vanguard, and Fiduciary Management, Inc. Before joining Morningstar in 2013, Lucas worked as a professor for Loyola University Chicago, among other institutions. From 2010 to 2011, he was a Fulbright Scholar at the University of Heidelberg. Lucas holds bachelors’ degrees in philosophy and classics from the University of Missouri-Columbia, where he graduated summa cum laude and with departmental honors, and a Master of Divinity, summa cum laude, from Trinity International University. He also holds a doctorate in theology, with distinction, from Loyola University Chicago and has published several articles and one book within that field.

Download copy of speaker’s presentation.

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