Private Banking - Wealth Management, Financial Planning and Investment Solutions
Dates:
April 1 - 3, 2009
April 1 - 3, 2009
Location:
Prague, Mövenpick Hotel
Prague, Mövenpick Hotel
Price:
EUR 2,100
EUR 2,100
Lecturer:
Søren Plesner
Søren Plesner
- Introduction to Private Banking and Wealth Management
- Financial Planning for Private Banking Clients
- Organizational Challenges in Private Banking
- Asset Management in Private Banking
- Investment Solutions in Private Banking
- Investment Solutions: Case Studies
The purpose of this seminar is to give you a thorough introduction to the business of “Private Banking” and a good understanding of how the goals and needs of private banking clients can be met through careful financial planning and tailored investment solutions.
We start with a general introduction to private banking. We give an overview of the industry and its players, we discuss the current opportunities in private banking, and we look at the organizational challenges in this type of business. Further, we present various approaches to wealth management, and we explain how the client’s money should be managed according to the client’s situational profile.
We then také a closer look at planning and at asset management process. We explain how financial planning can be used to identify a client’s investment objectives and constraints. Further, we give an overview of asset classes and their characteristics, and we explain how to build the investor’s portfolio in accordance with capital market expectations and investment policy. We also explain how investment performance can be measured, and we discuss possible models for performance-based remuneration.
Further, we look in-depth into the various investment solutions that are offered to private banking clients. Such solutions include traditional asset classes - equity and fixed income – as well as alternative investments such as hedge funds, private equity, real estate, derivatives, CDOs and other “structured” products. We explain the risk and return characteristics of the products, and we discuss their suitability for private banking clients.
Finally, we present and discuss a number of case studies of investment solutions for private banking clients.
We start with a general introduction to private banking. We give an overview of the industry and its players, we discuss the current opportunities in private banking, and we look at the organizational challenges in this type of business. Further, we present various approaches to wealth management, and we explain how the client’s money should be managed according to the client’s situational profile.
We then také a closer look at planning and at asset management process. We explain how financial planning can be used to identify a client’s investment objectives and constraints. Further, we give an overview of asset classes and their characteristics, and we explain how to build the investor’s portfolio in accordance with capital market expectations and investment policy. We also explain how investment performance can be measured, and we discuss possible models for performance-based remuneration.
Further, we look in-depth into the various investment solutions that are offered to private banking clients. Such solutions include traditional asset classes - equity and fixed income – as well as alternative investments such as hedge funds, private equity, real estate, derivatives, CDOs and other “structured” products. We explain the risk and return characteristics of the products, and we discuss their suitability for private banking clients.
Finally, we present and discuss a number of case studies of investment solutions for private banking clients.
Organizational Challenges in Private Banking
- Skills and Systems Requirements
- Managing Conflicts of Interest
- Complying with MiFID and other Regulation
- Ethical Aspects of Wealth Management
Thursday, April 2
09.00 - 09.15 Recap
09.15 - 12.00 Asset Management in Private Banking
- Global Asset Classes
- Traditional Investments ( Equity, Fixed Income, Convertibles and other Hybrids)
- Alternative Investment (Overview)
- Suitability for Private Banking Clients
- Risk and Returns Forecasting
- Fundamental Analysis
- Quantitative Methods
- Portfolio Construction
- Pragmatic Approach – the Portfolio Pyramid
- Constructing Mean-Variance Efficient Portfolios
- Resampling of the Efficient Frontier
- Tactical Asset Allocation
- Exercise
12.00 - 13.00 Lunch
13.00 - 16.30 Asset Management in Private Banking (Cont’d)
- Portfolio Construction (cont’d)
- Portfolio Rebalancing
- Stock Picking
- Performance Measurement and Client Reporting
- Measures of Return
- Measures of Risk
- Measuring Risk-Adjusted Return
- Attribution Analysis
- GIPS-Compliant Client Reporting
- Performance-Related Fee Systems
- Case Study
- Exercise
Friday, April 3
09.00 - 09.15 Recap
09.15 - 12.00 Investment Solutions in Private Banking
- Traditional Investment Funds
- Hedge Funds
- Types of Hedge Funds and their Investment Strategies
- Ways of Investing in Hedge Funds
- Private Equity
- Venture Funds
- Buy-Out Funds
- Ways of Investing in Private equity
- Real Estate Investments
- Commodity Investments
- CDO’s, Derivatives and Structured Products
- Constructing Optimal Portfolios with Alternative Investments and Structured Products
12.00 - 13.00 Lunch
13.00 - 16.00 Investment Solutions: Case Studies
- Core-Satellite Investing
- Carry Trades
- Investing in Fixed Income Structured Products
- Strategies for Protecting Principal
- Investing in CDO’s and Synthetic CDO’s
- Investing in Inflation-Linked Notes
- Investing in Hedge Funds/ Private Equity
- Investing in MBS and ABS
Outlook: The Future of The Wealth Management Industry
Summary, Evaluation and Termination of the Seminar
