Private Banking _ Wealth Management

Course Outline:

Module One:

An Overview of Private Banking & Wealth Management 

• Private Banking and Wealth Management Compared
• The Roles & Scope of Private Banking & Wealth Management
• The Private Banking and Wealth Management Market
• Establishing & Maintaining Client Relationships
• Maximising Return for both Client and Bank
• Minimising Risk for both Client and Bank

Module Two:

Investment Planning  

• Major Investment Decisions/Determining your Investment Objectives
  • Liquidity
  • Income
  • Growth
  • Risk Reduction
• Preparation of a Client Profile
• An Introduction to the Major Classes of Investments & their Characteristics:
  • Physical Assets: Property, Gold, Currency etc
  • Financial Assets: Shares, Bonds, Collective Investments & Derivatives
• Financial Institutions, Financial Advisors & Financial Analysts
• Markets; Market Efficiency and Market Volatility
• The Regulatory & Taxation Framework and the impact on personal financial decisions and financial advisors

Module Three:

Protecting Wealth & Reducing Risk       

• Risk v Return – the Risk-Return Trade-Off
• Measuring Risk – Beta, Standard Deviation, Market Volatility
• Reducing Risk – Portfolio Theory, Diversification and Devising an Efficient Portfolio
• Protecting against Exchange Rate Risk in relation to:
  • Transactions and Translation of Assets
• Investment Strategies in Bull & Bear Markets
• Life Assurance & Assurance Related Investment

Module Four:

Evaluating Investments and Portfolio Performance 

• Financial Analysis
  • Fundamental Analysis
  • Technical Analysis
• Financial Statements Analysis to identify investments
• Investment Ratio Analysis
  • EPS, Earnings Yield, DPS, Dividend Yield, Dividend Cover, PE Ratio
• The Capital Asset Pricing Model (CAPM)
  • Estimating the Return required for the Risk taken
• Enron – a warning to any investor
• Evaluating Portfolio Performance
  • Jensen
  • Traynor
  • Sharpe

Module Five:

Passing on Wealth

• Retirement Planning – Pensions & Annuities
• The Risks of Distributing Wealth
• Life Expectancy & Wills
• Estate Planning
• Tax Planning & Inheritance Tax (where applicable)
• Trusts