JAIPURIA INSTITUTE OF MANAGEMENT, LUCKNOW Course Outline Program Batch Year Trimester Credit Course no.

Course title Instructor/s 1.0 : : : : : : : : Post Graduate Diploma in Management Post Graduate Diploma in Management (Financial Services) 2009-11 2010-11 Fifth Full 514 Wealth Management Amit Kumar Mishra

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. 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)

3.0

4.0

Evaluation scheme:
Page: 1/5

Identification of appropriate tax strategies for different financial and personal situations.Planning Personal Finances 1-2 Introduction to Wealth Management Learning(s) drawn Prescribed reading. Determine the personal and financial opportunity costs associated with personal financial decisions. Develop the understanding of students in tax implications. Assess the importance of taxes for personal financial planning.0 Student contact hours: Days of the week: Time slot: 7. supplemented by caselets and exercises. if any • • • Develop understanding of the concept and need of wealth management Analyze the process for making personal financial decisions. Module I. Assess personal and economic factors that influence personal financial planning.0 : : : : : : : Weightage (%) 20 40 20 20 0 100 Pedagogy: The pedagogy would involve lectures. Goal Setting & Constraints Time Value of Money • • 7-10 Planning for Tax Considerations • • • Module II. 6.Managing Personal Finances Page: 2/5 . 3-5 6 Client Profiling. classroom discussions.Component Mid Term Examination End Term Examination Quizzes Project / Assignments Others Total 5. Develop personal financial goals and design financial plans.0 Session-wise instruction plan: Session Topics to be covered No.

Describe the information creditors look for when you apply for credit.Insuring Resources Life Insurance and Social Security • • • Define life insurance and describe its purpose and principles. Analyze the risks and rewards of investing in precious metals and gems. Discuss the importance of property and liability insurance. Explain the insurance coverage Page: 3/5 19 Health Insurance • • 20 Property and Liability Insurance • • . Define consumer credit and analyze its advantages and disadvantages. Compare the costs and benefits of various savings plans.11-12 Financial Services: Savings and Payment Plans • • Identify the factors used to evaluate different savings plans. Develop a plan to manage debt. Analyze the benefits and limitations of various types of health care coverage. Define health insurance and explain its importance in financial planning. Determine life insurance needs. 13-14 Introduction to Consumer Credit • • • • • 15 Choosing a Source of Credit: The Cost of Credit Alternatives Mid-Term Exam Module III. Differentiate among various kinds of credit.Making Purchase • • 16-17 Decisions Real estate and other investment alternatives: Factors and Finances • • Identify real estate investments and their advantages. Identify the steps one can take to avoid credit mistakes. Assess the credit capacity and build the credit rating. Discuss between the policies offered by two life insurance companies and analyze these policies. Determine the cost of credit. 18 Module IV.

growth. Identify the most important features of common stock and corporate bonds Explain how to evaluate stock investments. 21-23 Module V. Explain why investors purchase corporate bonds. Describe how and why mutual funds are bought and sold. Explain the trading techniques used by long-term investors and short-term speculators. income. Describe how stocks are bought and sold.Investing Financial Resources Investment Fundamentals • • • • Explain why one should establish an investment program. 24-25 Introduction to Stocks and Bonds • • • • • 26 Introduction to Mutual Funds • • • • 27-28 Module VI. Evaluate mutual funds for investment purposes.Controlling Financial Future Planning for Retirement • • • • To recognize the importance of retirement planning. Page: 4/5 . To analyze current assets and liabilities for retirement. Analyze factors that influence the coverage amount and cost. Use the various sources of financial information that can reduce investment risks and increase investment return. Classify mutual funds by investment objective. To determine planned retirement income. To estimate the post retirement spending needs. and liquidity affect the investment decisions.• and policy types. Describe the characteristics of mutual fund investments. Identify the major types of investment alternatives. Describe how safety. risk.

• To develop a balanced budget based on the post retirement income. Integrating the components of Financial Planning 29-30 Synthesis of Financial Planning • Page: 5/5 .

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