Private Wealth Management (ECFS906)
This unit is aimed at those students interested in a career in private wealth management who seek a better understanding of the major issues facing private wealth managers and their clients. By private wealth management, we mean the business of financial advising/selling directly to individual investors. This unit focuses predominantly on the advice and advisor side of the business.
- Understand and accurately explain major current issues facing private wealth managers and their clients.
- Understand and accurately explain relevant regulatory, market and client requirements.
- Distinguish the key attributes of alternative PMW techniques including their appropriate applications and limitations.
- Demonstrate an appropriate understanding of key business drivers and sensitivities within various private wealth management business models and appropriately explain key issues.
- Understand and adequately explain the importance of behavioural issues in private wealth management.
- Demonstrate an appropriate understanding of a number of current topics covered in Contemporary Issues and how they may impact the private wealth management industry.
- Understand, apply and interpret strategies to manage a client’s portfolio.
- The PWM industry Today
- Overview of Advice Channels
- Lifecycle Investing – Why People Save & Invest
- Client Acquisition and Retention
- Ascertaining and Meeting Client Needs
- Portfolio Construction and Taxes
- Insurance and Annuities
- Contemporary Issues
- Behavioural Finance and Individual Investors
- Compliance, Regulations and Ethics
- Admission to Master of Applied Finance or Graduate Diploma of Applied Finance AND
- AFCP801 Portfolio Management and Valuation or ECFS 865 Investments
Private Wealth Management - The link will provide a list of guides for this unit. If the desired term/location is not listed, please view the latest one available.