Conference of the County Investment Academy

June 3 - 5, 2019

Omni la Mansion del Rio Riverwalk
112 College St
San Antonio, TX 78205

Thank you for your interest in the Conference of the County Investment Academy. Online registration has closed, but you may still register onsite. For more information contact Deanna Auert or Nino Miranda at (800) 456-5974.

Omni la Mansion del Rio Riverwalk
112 College St
San Antonio, 78205
(210) 518-1000

Education Co-Sponsor

McCoy College of Business Administration at Texas State University

The Conference of the County Investment Academy brings together investment officers, economists and other experts to discuss the influences on the current economy and timely trends in investing. This training is open to all county officials and staff who want to learn more about county investment operations. This annual conference features roundtable discussions by portfolio size to meet your investing needs. Join us for 15 hours of timely public funds investing topics.

Continuing Education/Prerequisites

The McCoy College of Business Administration at Texas State University is the education co-sponsor of the Conference of the County Investment Academy. There are no pre-requisites required to attend this program.

Fifteen hours of continuing education is approved for County Investment Academy members. CPAs, auditors, treasurers, clerks, commissioners and tax assessor-collectors may also earn credit toward mandatory continuing education requirements.

County Investment Academy

The County Investment Academy is a partnership between the Texas Association of Counties and the McCoy College of Business Administration at Texas State University to work together in the planning of education programs for county officials and employees.

  • Membership in the Academy is acquired through completion of the Basics of County Investments Course, or completion of a previous County Investment Officer (CIO) Level I course.
  • Fifteen Academy hours per calendar year are required to maintain membership, with five outside hours and five carryover hours allowed per year. 

Registration Fees

Registration Type Early Bird After May 7th
County Official or Employee $225 $250
City, School or Special District $280 $305
Non-Government $500 $500
1-Day Registration, Tuesday, June 4th Only $125 $125

Please make checks payable to Texas Association of Counties.

Sponsors and Vendors

For information on sponsorship opportunities, please click here or contact Deanna Auert.

Special Services

To ensure that our conference is ADA accessible to all, please contact Deanna Auert or Nino Miranda at (800) 456-5974 if you need assistance.


Omni la Mansion del Rio Riverwalk (HOTEL FULL)
112 College St
San Antonio, 78205
(210) 518-1000

The Omni la Mansion del Rio Riverwalk is the host hotel. The host hotel is sold out. If you would like to be placed on the waiting list for the host hotel, please contact Deanna Auert or Nino Miranda. To cancel your hotel reservation at the host hotel, contact Deanna Auert​. Receiving your hotel cancellations will help move fellow attendees off of the waitlist. We kindly request you do not post your reservation on the listserv as this hinders the waitlist management.

Please reserve your hotel room before the group rate cutoff of May 7th, after which availability and rates are no longer guaranteed.


Valet Parking: $25
Self-parking available in garage directly across the street at $10 per day.

Check-in:  3 p.m.
Check-out:  Noon

Surrounding Hotel:

Holiday Inn San Antonio Riverwalk
217 North St. Mary's Street
San Antonio, TX 78205
(210) 224-2500

Monday, June 3
5-6:30 p.m. Welcome Reception
Tuesday, June 4
Noon-1 p.m. Recognition Luncheon
Monday, June 3
10 a.m.-5 p.m. Registration and Information Desk (El Cabildo)
Iberian Ballroom
1 p.m. Welcome
1:10-2 p.m. Ethical Decision Making in Investments
Ethical dilemnas are a normal and predictable part of most jobs and can be dangerous to your career. If you aren't prepared, they can test your personal values, moral beliefs and committment to doing the right thing.

This interactive presentation examines several real life ethical dilemmas that professionals working in the investing industry may face in the course of their careers. These cases challenge participants to consider the various courses of action to address the issues involved.
Dr. Michael McMillan, Director, Ethics Education, CFA Institute
2-2:10 p.m. Break (Iberian Foyer)
2:10-3 p.m. Texas Economic Outlook
At the end of 2018 economic conditions in Texas began to slow as oil prices declined and there was increased uncertainty about the global economy and trade restrictions. While the forecast has improved since January, it still suggests weaker job growth this year than in 2018. The three primary factors facing the Texas economy in 2019 remain historically tight labor markets, lower oil prices and continued uncertainty about trade restrictions. Overall Texas will likely have a good year in 2019 – just not quite as strong as last year.
Mr. Keith Phillips, Assistant Vice President and Senior Economist, Federal Reserve Bank of Dallas, San Antonio Branch
3-3:50 p.m. Diversification of Portfolio & Risks
The Public Funds Investment Act requires training in portfolio diversification and types of investment risks. This session covers the basics of the theory and practice of diversification and how diversification can help address market, strategy, and security risks in the context of PFIA authorized investments.
Dr. Holland Toles, Ph.D., CFA, Department of Finance and Economics, McCoy College of Business Administration, Texas State University
3:50-4:10 p.m. Break (Iberian Foyer)
4:10-5 p.m. Navigating Through a Bank Failure
A panel discussion on everything you should know about avoiding a bank failure or successfully navigating through one. The panel will prepare you with an easy checklist so you know what to do in advance, during and after a bank failure announcement.
Mr. Kevin Franks, Director of Pricing and Profitability, Cadence Bank, N.A.
Ms. Katrina King, Executive Vice President of Treasury Management, Cadence Bank, N.A.

Ms. Kacy Owsley, EVP Director of Client Consulting, Cadence Bank, N.A.
Ms. Cathy K. Davis, Resolutions and Closings Manager, Federal Deposit Insurance Corporation (FDIC), Division of Resolutions and Receiverships
5-6:30 p.m. Welcome Reception (El Capistrano)
Here's a great opportunity to network with fellow attendees over beverages and hors d'oevres.
Tuesday, June 4
7:30-8 a.m. Coffee and Continental Breakfast (Iberian Foyer)
7:30 a.m.-5 p.m. Registration and Information Desk (El Cabildo)
Iberian Ballroom
8-8:50 a.m. How I Learned to Stop Worrying and Love Losses
No topic seems to tongue-tie a public fund portfolio manager faster than having to explain, defend or rationalize why a portfolio reported a loss on their financial statements. This session coaches attendees in how to respond whenever concerns have been raised around the risk of a mark-to-market loss.
Mr. Benjamin Finkelstein, Managing Director/Public Funds, Cantor Fitzgerald
8:50-9:40 a.m. MBS Reforms: Changes and Consequences
The session will cover the reforms of GSE's that have already occured, as well as the direction of future reforms. We will discuss consequences of the reforms, including the effect of the diminishing availability of GSE securities for collateral purposes.
Mr. Christopher Mier, Managing Director, Loop Capital
9:40-10 a.m. Break (Iberian Foyer)
10-10:50 a.m. Investment Accounting
During this session we will review the basics of accounting for investments permitted under the Public Funds Investment Act. We will touch on the process of actively investing County funds and how to properly document and record investments made.
Emily Upshaw, Associate, Valley View Consulting, LLC
10:50-11:40 a.m. Investing In Municipal Bonds
Cover the basics of investing in Municipal bonds, brief history, the market, things to consider and look out for.
Mr. Michael Medanich, Vice President, HilltopSecurities Inc.
11:40 a.m.-1 p.m. Recognition Luncheon (Madero)
All conference attendees are invited to this special luncheon honoring those who have pursued excellence in investment education for 5, 10, 15, 20 and 25- years. Those who just completed the Basics of County Investments Course and are new members of TAC’s County Investment Academy, as of February 2019, will also be recognized.
1-1:50 p.m. Effective Managing Across Generations in Investing
Are your soon-to-be-retiring senior managers transferring knowledge to junior employees? Are your multigenerational teams functioning at a highly-effective level? Is it challenging to recruit, motivate, and retain your early career employees? Is communication flowing effectively throughout all parts of your organization? This session will provide several insights and practical tips on how you can optimize knowledge transfer before it is too late. According to the Pew Research Center, 10,000 Baby Boomers are turning 65 years old each day in the U.S. Act now before all of their "know who" and "know how" walks out the door.
Dr. Rob Konopaske, Director, Institute for Global Business, Department of Management, McCoy College of Business, Texas State University
1:50-2:40 p.m. Common Mistakes Managing Investment Portfolios
This session will explore several mistakes and misconceptions commonly made in key areas of portfolio management, including: investment policies and procedures; banking, cash management and safekeeping; selection of brokers and advisors; investment strategies; trading; and reporting.
Mr. Greg Warner, Director, Senior Portfolio Manager, HilltopSecurities Asset Management
2:40-3 p.m. Break (Iberian Foyer)
3-3:50 p.m. Roundtable Discussions by Portfolio Size
Here’s a great opportunity to discuss with your peers timely topics in county investments. Take advantage of this guided discussion to learn what other counties of similar portfolio size are doing and share your ideas.
  • Small Portfolio: Fewer than $5 million (Iberian A)
  • Medium Portfolio: $5 to $25 million (Iberian B)
  • Large Portfolio: $26 million or greater (Iberian C)
Wednesday, June 5
7:30-8 a.m. Coffee and Continental Breakfast (Iberian Foyer)
7:30-11:40 a.m. Registration and Information Desk (El Cabildo)
Iberian Ballroom
8-9:40 a.m. Anatomy of Cyber Attacks
As more companies and government agencies are becoming cyber dependent, the outbreak of malware attacks and their sophistication are growing exponentially. This presentation will showcase live demonstrations of multiple malware threat vectors and provide sobering examples of the ease at which attackers can compromise your data.
Mr. Thomas Ervin, Computer Scientist, FBI
9:40-10 a.m. Break (Iberian Foyer)
10-10:50 a.m. Brokered CDs: A Deeper Dive
In this session, we will explore the concept of brokered CDs in greater detail. We will look at the different types of CDs available through a broker, review the different processes related to each type and discuss how they may or may not meet your specific needs for safety, liquidity, diversification and yield.
Mr. Sam Vaughan, Vice President, Financial Northeastern Companies
10:50-11:40 a.m. Vetting Financial Professionals
Do you know what you need to know about a financial professional? The Texas State Securities Board will discuss how to request a free background report, how to decipher it, and what information is not on the report.
Mr. Robert Elder, Communications & Investor Education Coordinator, Texas State Securities Board
11:40 a.m. Closing Remarks and Adjourn

The McCoy College of Business Administration at Texas State University is the education co-sponsor of the 2019 Conference of the County Investment Academy.

Continuing Education Type Hours
County Investment Academy 15
CPA/Auditors 15
Treasurers 15
Commissioners 15
County and District Clerks 14:05
Tax Assessor-Collectors 15

All cancellation and refund requests must be received in writing (fax or email acceptable). Refunds requested before May 7 are subject to a $10 processing fee. Refunds after May 7 will be subject to an administrative fee equal to one-half of the registration fee. No refund requests will be honored after June 19. Please email Nino Miranda or fax (512) 477-1324 to cancel your conference registration.

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