FINC-632 Private Client Wealth Management
Fall for 2013-2014
A 2010 CFA Research Foundation monograph defines private wealth management as “the investment management specialization focused on high-net-worth individuals and families.” (Jennings, Horan, and Reichenstein, 2010) Private wealth management requires comprehensive and customized solutions to a client’s complex investment and personal financial planning goals. Private wealth managers must evaluate a client’s complete financial picture in a well-integrated fashion that incorporates each client’s total financial picture, including such concerns as asset and liability management, tax and estate planning, retirement planning, philanthropic objectives, and behavioral issues. This course focuses on the application of investment theory and contemporary research to the private wealth arena. Topics include asset allocation for private clients, after-tax investment management for individual investors, investing in mutual funds, retirement planning, portfolio performance evaluation, and investing in a variety of alternative investments such as hedge funds, insurance annuities, structured notes, master limited partnerships, real estate, and private equity.
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