Private Banking - Wealth Management, Financial Planning and Investment Solutions

Wednesday, April 1

09.00 - 09.15 Welcome and Introduction

09.15 - 12.00 Introduction to Private Banking and Wealth Management

• The Wealth Management Market
  • Key Wealth Drivers
  • A Private Banking Roadmap
• Clients
  • Key Characteristics
  • Client Segmentation
• Business Opportunities

Financial Planning for PB Clients

• Situational profiling
• The Psychology of Investing
  • Heuristic-Driven Bias
  • Frame Dependence
  • Inefficient Markets
  • Portfolios, Pyramids, and Emotions

12.00 - 13.00 Lunch

13.00 - 16.30 Financial Planning for PB Clients (Cont’d)

• Writing an Investment Policy Statement for a Private Banking Client
  • Risk and Return Objectives
  • Investment Constraints
  • Asset Allocation Ranges
  • Responsibilities and Review Schedule

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