{"id":34558,"date":"2023-11-09T06:09:43","date_gmt":"2023-11-09T06:09:43","guid":{"rendered":"https:\/\/analystprep.com\/study-notes\/?p=34558"},"modified":"2024-03-22T06:46:52","modified_gmt":"2024-03-22T06:46:52","slug":"study-notes-for-cfa-level-iii-portfolio-management-and-wealth-planning-offered-by-analystprep","status":"publish","type":"post","link":"https:\/\/analystprep.com\/study-notes\/cfa-level-iii\/study-notes-for-cfa-level-iii-portfolio-management-and-wealth-planning-offered-by-analystprep\/","title":{"rendered":"Study Notes for CFA\u00ae Level III \u2013 Portfolio Management and Wealth Planning \u2013 offered by AnalystPrep"},"content":{"rendered":"

Reading 9: Risk Management for Individuals<\/h2>\n

Los 9 a: Compare the characteristics of human capital and financial capital as components of an individual's total wealth<\/a><\/p>\n

Los 9 b: Discuss the relationships among human capital, financial capital, and economic net worth<\/a><\/p>\n

Los 9 c: Discuss the financial stages of life for an individual<\/a><\/p>\n

Los 9 d: Describe an economic (holistic) balance sheet<\/a><\/p>\n

Los 9 e: Discuss risks (earnings, premature death, longevity, property, liability, and health risks) in relation to human and financial capital<\/a><\/p>\n

Los 9 f: Describe types of insurance relevant to personal financial planning <\/a><\/p>\n

Los 9 g: Describe the basic elements of a life insurance policy and how insurers price a life insurance policy<\/a><\/p>\n

Los 9 h: Discuss the use of annuities in personal financial planning<\/a><\/p>\n

Los 9 i: Discuss the relative advantages and disadvantages of fixed and variable annuities<\/a><\/p>\n

Los 9 j: Discuss how asset allocation policy may be influenced by the risk characteristics of human capital<\/a><\/p>\n

Los 9 k: Recommend and justify appropriate strategies for asset allocation and risk reduction when given an investor profile of key inputs<\/a><\/p>\n

Reading 15: Case Study in Risk Management – Private Wealth<\/h2>\n

Los 15 a, b: Early Career Stage: Identifying and Analyzing Risk Exposures<\/a><\/p>\n

Los 15 c, d: Risk Exposures During the Career Development Stage<\/a><\/p>\n

Los 15 e, f: Risk Exposures During Peak Accumulation Stage<\/a><\/p>\n

Los 15 g, h: Risk Exposures During Early Retirement Stage<\/a><\/p>\n

Reading 10: Portfolio Management for Institutional Investors<\/h2>\n

Los 10 a: Discuss common characteristics of institutional investors as a group<\/a><\/p>\n

Los 10 b: Discuss investment policy of institutional investors<\/a><\/p>\n

Los 10 c: Discuss the stakeholders in the portfolio, the liabilities, the investment time horizons, and the liquidity needs of different types of institutional investors<\/a><\/p>\n

Los 10 d: Describe the focus of legal, regulatory, and tax constraints affecting different types of institutional investors<\/a><\/p>\n

Los 10 e: Evaluate risk considerations of private defined benefit (DB) pension plans in relation to 1) plan funded status, 2) sponsor financial strength, 3) interactions between the sponsor’s business and the fund’s investments, 4) plan design, and 5) workforce characteristics<\/a><\/p>\n

Los 10 f: Evaluate the investment policy statement of an institutional investor<\/a><\/p>\n

Los 10 g: Prepare the investment objectives section of an institutional investor’s investment policy statement<\/a><\/p>\n

Los 10 h: Evaluate the investment portfolio of a private DB plan, sovereign wealth fund, university endowment, and private foundation<\/a><\/p>\n

Los 10 i: Describe considerations affecting the balance sheet management of banks and insurers<\/a><\/p>\n

Reading 14: Cases in Portfolio Management – Institutional<\/h2>\n

Los 14 a: Discuss tools for managing portfolio liquidity risk<\/a><\/p>\n

Los 14 b: Discuss capture of the illiquidity premium as an investment objective<\/a><\/p>\n

Los 14 c: Analyze asset allocation and portfolio construction in relation to liquidity needs and risk and return requirements and recommend actions to address identified needs<\/a><\/p>\n

Los 14 d: Demonstrate the application of the Code of Ethics and Standards of Professional Conduct regarding the actions of individuals involved in manager selection<\/a><\/p>\n

Los 14 e, f: Tactical Asset Allocation<\/a><\/p>\n

Reading 16: Cases in Risk Management \u2013 Institutional<\/h2>\n

Los 16 a: Discuss financial risks associated with the portfolio strategy of an institutional investor<\/a><\/p>\n

Los 16 b: Discuss environmental and social risks associated with the portfolio strategy of an institutional investor<\/a><\/p>\n

Los 16 c: Analyze and evaluate the financial and non-financial risk exposures in the portfolio strategy of an institutional investor<\/a><\/p>\n

Los 16 d: Discuss various methods to manage the risks that arise on long term direct investments of an institutional investor<\/a><\/p>\n

Los 16 e: Evaluate strengths and weaknesses of an enterprise risk management system and recommend improvements<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Reading 9: Risk Management for Individuals Los 9 a: Compare the characteristics of human capital and financial capital as components of an individual's total wealth Los 9 b: Discuss the relationships among human capital, financial capital, and economic net worth…<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[571],"tags":[],"class_list":["post-34558","post","type-post","status-publish","format-standard","hentry","category-cfa-level-iii","blog-post","no-post-thumbnail","animate"],"acf":[],"yoast_head":"\nStudy Notes for CFA\u00ae Level III \u2013 Portfolio Management and Wealth Planning \u2013 offered by AnalystPrep - CFA, FRM, and Actuarial Exams Study Notes<\/title>\n<meta name=\"description\" content=\"Learn about human capital, financial capital, investment policy, portfolio liquidity risk management, and more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/analystprep.com\/study-notes\/cfa-level-iii\/study-notes-for-cfa-level-iii-portfolio-management-and-wealth-planning-offered-by-analystprep\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Study Notes for CFA\u00ae Level III \u2013 Portfolio Management and Wealth Planning \u2013 offered by AnalystPrep - 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