Session 1: Financial Recovery in a Fragile World with Evelyn Jacks, President Knowledge Bureau

The morning sessions were led by Evelyn Jacks as opened the conference with outlining the road the world is on to financial recovery and the issues still facing us on a personal, national and global platform.

Three key points emerged:

1. For the first time in history we are in a global financial crisis, hence an unprecedented challenge to find solutions to recovery. For individual investors it's what can be controlled that's important:

a. Debt to disposable income ratios are at their highest levels ñ 150% to personal disposable income

b. Financed Minister Jim Flaherty has warned, "Get your financial house in orderî in anticipation of higher interest rates in the future.

2. Recovery is going to come, but from the grass roots, rather than a macro level

a. The growth of private business

b. The careful and disciplined growth of wealth at a personal level

3. Wealth advisor needs to be positioned in primary role with clients to best help:

a. Relationship model offering wealth management services is not enough

b. Disciplined process and advice required

c. Financial advisors role is as Educator, Advocate and Steward is paramount

d. Knowledge Bureau's Real Wealth Management framework can help build sustainable wealth in the recovery; clients will identify highly skilled advisors with the DFA-Specialist and MFA Designations.