This course provides students with theoretical and practical aspects of private wealth management. A number of cases are used to supplement discussions of the theories and practices. Upon successful completion of this course, students should be able to:
• understand private wealth clients’ common investment goals and constraints;
• understand effects of capital market expectation and private wealth clients’ objectives and constraints on asset allocation;
• understand the process of identifying private wealth clients’ needs and propose an investment policy statement (IPS) to address the needs;
• discuss and evaluate alternative methods of asset allocation and performance evaluation; and
• discuss the impact of behavioral finance on investment decisions and apply the knowledge to asset allocation.
- Teacher: lewistam, Tam Hon Keung, Lewis