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Planning your Client's Wealth over a 5-year Horizon

Approx. 13 hours to complete

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Course Summary

This capstone course is designed to help students apply the wealth planning concepts they have learned in previous courses to real-life scenarios. Students will work on a comprehensive financial plan for a hypothetical client, taking into account various factors such as taxes, investments, and retirement planning.

Key Learning Points

Learn to apply wealth planning concepts to real-life financial planning scenarios
Create a comprehensive financial plan for a hypothetical client
Gain hands-on experience in tax planning, investment management, and retirement planning

Job Positions & Salaries of people who have taken this course might have

- USA: $71,000
- India: ₹600,000
- Spain: €40,000
- USA: $71,000
- India: ₹600,000
- Spain: €40,000
- USA: $70,000
- India: ₹500,000
- Spain: €35,000
- USA: $71,000
- India: ₹600,000
- Spain: €40,000
- USA: $70,000
- India: ₹500,000
- Spain: €35,000
- USA: $64,000
- India: ₹450,000
- Spain: €30,000

Learning Outcomes

Create a comprehensive financial plan for a hypothetical client
Apply wealth planning concepts in real-life scenarios
Gain hands-on experience in tax planning, investment management, and retirement planning

Prerequisites or good to have knowledge before taking this course

Completion of previous wealth planning courses
Experience in financial planning

Course Difficulty Level

Advanced

Course Format

Self-paced
Online

Similar Courses

Introduction to Financial Planning
Investment Strategies and Portfolio Analysis
Financial Markets

Related Education Paths

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Description

In this Capstone project, you will have to choose between three different characters (each with a unique set of financial constraints and objectives) and design an appropriate wealth plan for them over the next 5 years.

You will have to use the knowledge you gained in each of the four preceding courses to reach that objective. Indeed, you will need to know which assets to consider and how to manage them depending on changes in the economic outlook (Course 1), how to evaluate and deal with your character's emotional biases in order to suggest them a wealth strategy they will be able to follow (Course 2), how to build an optimal portfolio and manage its risk once the strategy has been designed (Course 3) and how to adequately measure the performance of your plan while taking advantage of investment vehicles and future trends in the investment management industry to further your character's goals (Course 4). This Capstone project was designed in collaboration with UBS, our corporate partner, who benefits from years of experience in guiding clients with their wealth planning.

Outline

Client Profile
Welcoming video & project overview
Client profile - Quick recap - part 1
Client profile - Quick recap - part 2
The basic steps in investment
Cognitive biases when choosing which assets to look at
Cognitive biases when processing financial information
Cognitive biases when rebalancing your portfolio
Cognitive biases when evaluating performance
Wrap-up
How our emotions impact our investment decisions
Why we trade
What can we learn from this?
The key things you need to know to define your investment profile - UBS guest speaker
The path from an investor's profile to his/her optimal investment strategy - UBS guest speaker
How our age and wealth affect our investment profile - Main views
How our age and wealth affect our investment profile - Robo-advisors
Pick a client!

Investment Policy
Overview of the milestone
Risk as volatility?
The risk-return trade-off - UBS guest speaker
Measuring our risk tolerance
Distribution of returns - Graphical representation
Distribution of returns - Numbers
The impact of correlation - The benefits of diversification
The impact of correlation - Maximizing diversification
A first example of an anticipation crisis: 1987 - The "Fed Model"
A first example of an anticipation crisis: 1987 - The crash
A second example of an anticipation crisis - 2000
Key drivers of tactical asset allocation - Goals
Key drivers of tactical asset allocation - Implementation

First Reporting and Rebalancing
Overview of the milestone
Risk management applied to portfolio allocation
Defining the Value-at-Risk
Computing the Value-at-Risk
Defining the Expected Shortfall
Computing the Expected Shortfall
Risk as volatility?

Final Reporting
Overview of the milestone
The Sharpe, Treynor and Sortino ratios - Sharpe
The Sharpe, Treynor and Sortino ratios - Treynor and Sortino
Beating the benchmark or the peer group? - Peer group analysis
Beating the benchmark or the peer group? - Screening criteria
A few concluding words

Summary of User Reviews

Read reviews of the Wealth Planning Capstone course on Coursera. People generally found the course to be informative and helpful. One key aspect that many users appreciated was the practical application of the course material. However, some users found the course to be too basic for their needs.