Introduction to Wealth Management

In addition to your class tuition and study materials, you will receive the following:


Complimentary e-learning module
Case Study

• Investor objectives
• Portfolio planning
• Performance evaluation

Exercises

• Illustrating portfolio theory
• Appraising structured products

Other Extras

• Certificate of attendance

Level: Introductory


Synopsis:
This course prepares delegates for the Private Client Wealth Management market, introducing the core concepts of Portfolio Management, client objectives whilst also reviewing the use of Structured Products and Alternative Investment Strategies.


At the end of the course participants will be able to: Undertake a detailed analysis of portfolio performance . Appreciate the significance of the tax planning environment to the investment process . Understand the significance of contemporary investment strategies and structured products . Understand the investment management process . Undertake a detailed analysis of client investment objectives .


Prerequisites:
None


Suitable For:
New entrants to the Private Client markets place.


Overview of the Market Place

• Retail private banks, the Swiss model and investment bank arms
• Specialists and total wealth managers
• Onshore and offshore - Trusts and family offices
• Mass affluent, HNWI and UHNWI

The Investment Management Process

• Overview of the Maggin and Tuttle model
• Investor objectives, psychographics, lifecycle analysis
• Investment policies and strategies
• Capital market expectations and external factor analysis (PEST)

Portfolio Management - Risk and Return

• Risk analysis - inflation, exchange rate, systematic - unsystematic standard deviation, semi variance, drawdown
• Measurement of return - total, geometric and arithmetic mean, historical vs expected

Portfolio Management - Equities, Bonds and Property

• Portfolio theory, beta and alpha
• Principles of managing an equity portfolio
• Principles of managing bond and property portfolios

Building and Managing a Portfolio

• Building the portfolio and executing the instructions
• Monitoring and rebalancing
• Performance evaluation

The Use of Alternative Investment Solutions

• Hedge Funds, UCITS III
• Private equity
• Core - Satellite Investment
• Constant proportion portfolio insurance

The Service Offerings

• Hybrids and the specialist offerings
• Execution - the execution only - 'service' offering
• Discretionary - the parameters and constraints contrasted with the liberties taken
• Advisory - active advisory and not so active advisory

Tax Trusts and Regulations

• Income, capital gains and inheritance tax
• Tax planning
• What to avoid and what not to evade
• The FSA, the EU, the US and offshore regimes compared and contrasted

Contemporary Issues

• The changing client - demographics, investor awareness
• Intergenerational wealth management
• Behavioural finance
• The changing investment market