4558_200_138_921_39_4558_1_138_920_39_course outline wealth management

8/8/2019 4558_200_138_921_39_4558_1_138_920_39_course outline wealth management

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JAIPURIA INSTITUTE OF MANAGEMENT, LUCKNOW

Course Outline

Program : Post Graduate Diploma in Management

Post Graduate Diploma in Management (Financial Services)

Batch : 2009-11

Year : 2010-11

Trimester : Fifth

Credit : Full

Course no. : 514

Course title : Wealth Management

Instructor/s : Amit Kumar Mishra

1.0 Course objectives:

Specific objectives of the course are to:

(1) develop understanding in core services provided under wealth management.

(2) examine issues which impinge the wealth management services.

(3) identify the factors which should be taken into consideration while advising a client.

(4) develop insights into various financial products available to savers and investors.

(5) assess financial needs of clients, set goals in the light of their needs and build a portfolio.

2.0 Course outcomes:

Upon successful completion of this course the students will be able to demonstrate/develop the

ability to learn to examine various categories of client, identify and assess their needs, develop

solutions and review advice. Such advice will range from core financial planning to investment

recommendations.

3.0 Prescribed text:

None

Handouts will be given to the students.

Additional references:

1. Wealth Management: Dun & Bradstreet (TMH)

2. Personal Finance: Jeff Madhura (Pearson)

3. Personal Financial Planning: Hallman & Victor (TMH)

4. Introduction to Financial Planning: IIBF (Taxman)

5. Wealth: Stuart E. Lucas: (Pearson)

6. The Intelligent Investor: Benjamin Graham (Harper Collins)

4.0 Evaluation scheme:

Page: 1/5



Component : Weightage (%)

Mid Term Examination : 20

End Term Examination : 40

Quizzes : 20

Project / Assignments : 20

Others : 0

Total : 100

5.0 Pedagogy:

The pedagogy would involve lectures, classroom discussions, supplemented by caselets and

exercises.

6.0 Student contact hours:

Days of the week:

Time slot:

7.0 Session-wise instruction plan:

Session

No.

Topics to be covered Learning(s) drawn Prescribed

reading, if any

Module I- Planning Personal

Finances

1-2 Introduction to Wealth Management • Develop understanding of the

concept and need of wealth

management

• Analyze the process for making personal financial decisions.

• Assess personal and economic

factors that influence personal

financial planning.

3-5 Client Profiling, Goal Setting &

Constraints• Develop personal financial goals

and design financial plans.

6 Time Value of Money • Determine the personal and

financial opportunity costs

associated with personal financial

decisions.

7-10 Planning for Tax Considerations • Assess the importance of taxes

for personal financial planning.

• Develop the understanding of

students in tax implications.

• Identification of appropriate tax

strategies for different financial

and personal situations.

Module II- Managing Personal

Finances

Page: 2/5



11-12 Financial Services: Savings and

Payment Plans• Identify the factors used to

evaluate different savings plans.

• Compare the costs and benefits of

various savings plans.

13-14 Introduction to Consumer Credit • Define consumer credit and

analyze its advantages and

disadvantages.• Differentiate among various

kinds of credit.

• Assess the credit capacity and

build the credit rating.

• Describe the information

creditors look for when you apply

for credit.

• Identify the steps one can take to

avoid credit mistakes.

15 Choosing a Source of Credit: The

Cost of Credit Alternatives• Determine the cost of credit.

• Develop a plan to manage debt.

Mid-Term Exam

Module III- Making Purchase

Decisions

16-17 Real estate and other investment

alternatives: Factors and Finances

• Identify real estate investments

and their advantages.

•

Analyze the risks and rewards of investing in precious metals and

gems.

Module IV- Insuring Resources

18 Life Insurance and Social Security • Define life insurance and

describe its purpose and

principles.

• Determine life insurance needs.

• Discuss between the policies

offered by two life insurance

companies and analyze these policies.

19 Health Insurance • Define health insurance and

explain its importance in

financial planning.

• Analyze the benefits and

limitations of various types of

health care coverage.

20 Property and Liability Insurance • Discuss the importance of

property and liability insurance.

• Explain the insurance coverage

Page: 3/5



and policy types.

• Analyze factors that influence the

coverage amount and cost.

Module V- Investing Financial

Resources

21-23 Investment Fundamentals•

Explain why one should establishan investment program.

• Describe how safety, risk,

income, growth, and liquidity

affect the investment decisions.

• Identify the major types of

investment alternatives.

• Use the various sources of

financial information that can

reduce investment risks and

increase investment return.

24-25 Introduction to Stocks and Bonds • Identify the most important

features of common stock and

corporate bonds

• Explain how to evaluate stock

investments.

• Describe how stocks are bought

and sold.

• Explain the trading techniques

used by long-term investors and

short-term speculators.• Explain why investors purchase

corporate bonds.

26 Introduction to Mutual Funds • Describe the characteristics of

mutual fund investments.

• Classify mutual funds by

investment objective.

• Evaluate mutual funds for

investment purposes.

• Describe how and why mutual

funds are bought and sold.

Module VI- Controlling Financial

Future

27-28 Planning for Retirement • To recognize the importance of

retirement planning.

• To analyze current assets and

liabilities for retirement.

•To estimate the post retirementspending needs.

• To determine planned retirement

income.

Page: 4/5



• To develop a balanced budget

based on the post retirement

income.

29-30 Synthesis of Financial Planning • Integrating the components of

Financial Planning

Page: 5/5

4558_200_138_921_39_4558_1_138_920_39_course outline wealth management

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