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Study Notes for CFA® Level III 2025 – Private Wealth Pathway Content – offered by AnalystPrep

cfa-level-iii

Study Notes for CFA® Level III 2025 – Private Wealth Pathway Content – offered by AnalystPrep

22 Jul 2024

Learning Module 1: The Private Wealth Management Industry

Los 1(a): Discuss the typical business models of private wealth management service providers and their segment-based strategies

Los 1(b): Discuss typical fee, revenue, and compensation structures prevalent in the private wealth management industry

Los 1(c): Discuss how various advisers, consultants, and professionals support private wealth managers and their clients

Los 1(d): Describe and evaluate regulatory and compliance considerations influencing the private wealth management industry

Learning Module 2: Working with the Wealthy

Los 2(a): Describe how family and human dynamics relate to wealth and its management

Los 2(b): Describe skills needed in profiling, acquiring, advising, communicating with, and educating private clients

Los 2(c): Describe the unique characteristics of ultra-high-net-worth individuals and how these characteristics distinguish them from other private wealth management clients

Los 2(d): Recommend appropriate approaches to the development, implementation, adherence, and amendment of a common, long-term framework for joint family decision making

Learning Module 3: Wealth Planning

Los 3(a): Formulate goals-based financial plans and recommend appropriate strategies to achieve an individual’s goals-based financial plans

Los 3(b): Recommend and justify methods to manage a family’s financial exposures holistically across their lifetime and retirement

Los 3(c): Evaluate how the principles of taxation and taxes influence goals-based planning and holistic financial plans for individual

Los 3(d): Recommend appropriate liquidity strategies for goal-based planning and holistic financial plans

Learning Module 4: Investment Planning

Los 4(a): Recommend and justify portfolio allocations and investments for a private client

Los 4(b): Discuss the tax efficiency of investment across various asset types and recommend various tax management strategies for asset allocation

Los 4(c): Discuss and recommend appropriate wealth management planning approaches for retirement from legal, taxation, and jurisdictional perspectives

Los 4(d): Evaluate the success of an investment program for a private client based on portfolio reporting and review

Learning Module 5: Preserving Wealth

Los 5(a): Analyze the types of risks relevant to human capital

Los 5(b): Describe and recommend strategies to manage risks to human capital

Los 5(c): Recommend planning and investment strategies to mitigate the corrosive influence of inflation on preserving purchasing power

Los 5(d): Describe how exchange rates influence asset allocation and planning as well as approaches to mitigate the exchange rate risk

Learning Module 6: Advising the Wealthy

Los 6(a): Discuss and recommend appropriate citizenship, nationality, and legal residency approaches for private clients

Los 6(b): Discuss and recommend appropriate private wealth management approaches that maximize the human capital, financial capital, and economic net worth of complex family situations

Los 6(c): Discuss and recommend appropriate private wealth management approaches that maximize the human capital, financial capital, and economic net worth of entrepreneurs and business owners

Los 6(d): Discuss and recommend appropriate private wealth management approaches that maximize the human capital, financial capital, and economic net worth of professionals, executives, and others

Learning Module 7: Transferring Wealth

Los 7(a): Discuss and recommend appropriate wealth management planning approaches for transferring wealth during the lifetime of the giver through gifts

Los 7(b): Discuss and recommend appropriate wealth management planning approaches for transferring wealth at death through bequests and inheritance

Los 7(c): Discuss and recommend appropriate wealth management planning approaches for the preservation of wealth across multiple generations through charitable giving and philanthropy

Offered by AnalystPrep

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Daniel Glyn

2021-03-24

I have finished my FRM1 thanks to AnalystPrep. And now using AnalystPrep for my FRM2 preparation. Professor Forjan is brilliant. He gives such good explanations and analogies. And more than anything makes learning fun. A big thank you to Analystprep and Professor Forjan. 5 stars all the way!

michael walshe

2021-03-18

Professor James' videos are excellent for understanding the underlying theories behind financial engineering / financial analysis. The AnalystPrep videos were better than any of the others that I searched through on YouTube for providing a clear explanation of some concepts, such as Portfolio theory, CAPM, and Arbitrage Pricing theory. Watching these cleared up many of the unclarities I had in my head. Highly recommended.

Nyka Smith

2021-02-18

Every concept is very well explained by Nilay Arun. kudos to you man!

Badr Moubile

2021-02-13

Very helpfull!

Agustin Olcese

2021-01-27

Excellent explantions, very clear!

Jaak Jay

2021-01-14

Awesome content, kudos to Prof.James Frojan

sindhushree reddy

2021-01-07

Crisp and short ppt of Frm chapters and great explanation with examples.

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