Wealth Management Tools and Ethics

1.5 units

The purpose of this course for Wealth Management is to “Put it all Together”. This is a mini course that will combine all the elements of the previous courses in security analysis, investment theory, accounting and behavioral finance by providing students with the opportunity to apply these skills in actual wealth and portfolio management scenarios. This will be accomplished through case studies and training in the investment industry software and the Bloomberg terminals. The Code of Ethics of the Chartered Financial Analyst Institute will be taught, and this will aid in preparation for ethics section of the CFA exams. The course is designed for the MS Wealth Management student who will need to understand how to apply investment and wealth advisory and management tools. It will prepare those who seek portfolio management positions in the institutional investment field and those who seek wealth advisory skills. The student will learn how to apply the knowledge gained in wealth and investment management to actual situations. The course will cover these topics over seven weeks: These ethics are applied globally in the investment industry. 1) Devising an appropriate Investment Policy Statement for a wealth management client. 2) Assessing the Risk Profile of the investor and creating a Risk Profile that will guide investment decision making. 3) Based on the above an Asset Allocation is determined by Efficient Frontier and Investment Ranges by Asset Class. This is the most important decision in the investment process which is demonstrated in the course work. 4) Changes in Asset Allocation will be explored by modeling software programs. Appropriate portfolios are constructed and solutions put forward. 5) The students will work out solutions to investment scenarios in a series of case studies. 6) Security analysis and recommendations will be made using all the equity and fixed income tools at the students’ disposal including the Bloomberg terminals, Morningstar and S&P Global IQ and other systems. Students working in small teams make presentations on PowerPoint to the class as they would in an investment firm setting. To enhance their training the students will work through modules to earn a Bloomberg Market Concepts Certificate which is valuable for resume building. 7) CFA Code of Ethics training modules and case studies will prepare students to take the CFA exams and work in this highly regulated industry.