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The term wealth management is thrown around plenty, in the boardrooms of private client firms, in trade and mainstream articles and by financial advisors in front of clients. Still, most professionals are hard pressed to actually define the term with any degree of precision. Wealth management is the ability of an advisor or advisory team to deliver a full range of financial services and products to an affluent client in a consultative way. Financial advisors are increasingly embracing wealth management as a way to provide additional services to clients and broaden the range of their practices. This course explores the industry and what regulators and practitioners need to know about it.
Course Objectives
By the end of the course, participants will be able to:
- Describe the tools used in wealth management
- Differentiate between wealth management and financial advising
- Describe key benchmarks and processes used by wealth managers
- Discuss costs and benefits of wealth management for individuals
- Develop a sample wealth management plan and explain the risks inherent in the plan
- Appraise market cycles and applicable strategies in each stage of the cycle
Suggested Prerequisites:
- Robo Advisors and the RIA Environment
Program Level:Foundational-Intermediate
Advance Preparation: None
Computers and Financial Calculators: N/A
Recommended CPE Credits: 7