Client Goals based on Client Information
Planned Goals Planned goals will be those which are easiest to account for,... Read More
Reading 7: Overview of Private Wealth Management
Los 7 a: Contrast private client and institutional client investment concerns
Los 7 b: Discuss information needed in advising private clients
Los 7 c: Identify tax considerations affecting a private client's investments
Los 7 d: Identify and formulate client goals based on client information
Los 7 e: Evaluate a private client's risk tolerance
Los 7 f: Describe technical and soft skills needed in advising private clients
Los 7 g: Evaluate capital sufficiency in relation to client goals
Los 7 h: Discuss the principles of retirement planning
Los 7 i: Discuss the parts of an investment policy statement (IPS) for a private client
Los 7 j: Prepare the investment objectives section of an IPS for a private client
Los 7 k: Recommend and justify portfolio allocations and investments for a private client
Los 7 l: Evaluate and recommend improvements to an IPS for a private client
Los 7 m: Describe effective practices in portfolio reporting and review
Los 7 n: Evaluate the success of an investment program for a private client
Los 7 o: Discuss ethical and compliance considerations in advising private clients
Reading 8: Topics in Private Wealth Management
Los 8 a, b: Elements of Return and Taxation Status for the Account
Los 8 c: Discuss and analyze the tax efficiency of investments
Los 8 e: Explain portfolio tax management strategies and their application
Los 8 f: Discuss risk and tax objectives in managing concentrated single-asset positions
Los 8 g: Describe strategies for managing concentrated positions in public equities
Los 8 i: Discuss objectives – tax and non-tax in planning the transfer of wealth
Los 8 k: Describe considerations related to managing wealth across multiple generations
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2021-01-07
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