SVKM’s NMIMS ASMSOC – Course Outline

Course
Code
Course Financial Planning & Wealth Management
Title
Course Prof. Tanvi Joshi
Instructor/s Dr. Jayesh Manjrekar
Course 4.0
Credit
Program TYBBA – Finance Elective
and Semester VI
Semester
Pre- None
Requisite
Learning Program Learning Goal: Developing Critical and Analytical
Objectives Thinking Abilities
PLO 2a - Analysis and interpretation of the data which is
used in Decision Making process for Financial planning and
wealth management of individual clients of various profiles
PLO 2b- Demonstrate the ability to develop models /
frameworks to reflect critically on specific business contexts

Learning Objectives:
To enable students to develop skills required for managing wealth
of different clients including high net worth individual, retail
investors and other kinds of investors. To enable students to
understand the key components of wealth creation process and
financial planning, wealth preservation and transfer of wealth.

Learning The student will be able to understand the various aspects of

Outcomes financial planning, wealth management and advisory aspects for
different clientele. Students should be able develop financial plans
for different types of clients based on the client’s risk profiling,
investment psychology, life stage.

Course Learning Outcomes:

CLO 1: To compose financial plan for different entities
CLO 2: To recommend various alternatives to meet client financial
goals
CLO 3: To analyse the impact of client risk profile on various areas
such Retirement Planning, Child education and Marriage,
Investment planning, amongst others.

Course The course will help the students acquire knowledge, skills,
Description attitudes and values required to operate ethically and responsibly in
the highly regulated financial services environment. Students will
 be exposed to the important terms, and theories related to wealth
and investment management. The course will help the students to
respond to the challenges posed by the changing nature of the
financial products landscape. Students here will be exposed not
only to the theoretical concepts but also their practical applications.
It will also provide opportunities for students to apply academic
skills practically in their personal life. Students will learn the
process of creating wealth, the methods and instruments involved
as well as managing wealth.

Evaluation Specific % AOL Intended CLOs to be

Pattern Assessment Weighta Instruments Assessed
Methods / ge
Task
CL CL CL CL CL
O1 O2 O3 O4 O5
Quiz 30 x x
Presentation 20 x
End Term 50 x x
exam (Excel
based)
 Course Session Plan

Session Topics / Module Chapters (Mention Page

Numbers) / Articles /
Cases / Material and
Activities
Introduction to wealth management – Wealth Management:
1-5  Concept of Wealth management The Financial Advisor's
and financial portfolio Guide to Investing and
management – 6 Steps of financial Managing Client's Assets
planning Personal Financial
 Key drivers of Wealth Planning Gitman et al.
Management. South-Western College
 Different Stakeholders of wealth Pub 2007: Personal
management. Financial Planning, 11th
edition
Learning Outcome: Students will understand
the dynamics of wealth management and PPT and News Articles
financial portfolio management with regards
to Indian investment scenario
6 – 10 Wealth Management process – Wealth Management:
 Human life cycle for wealth The Financial Advisor's
creation Guide to Investing and
 Types of Asset Allocation Managing Client's Assets
 Various sources of Income
 Various investment vehicles Case studies, PPT, News
Learning Outcome: Students will understand Articles and Numericals
the investment behaviour pattern as per life
stage of the investors
11 – 15 Client profiling – Indian Institute of
 Understanding the types of client – Bankers : Introduction to
based on Risk Profiling Financial Planning
 Client expectations – Goal
mapping Case studies, PPT and
 Ethical principles in wealth Numericals
management
Learning Outcome: Students will understand
various categories of investors based on risk –
return matrix
16 – 55 Financial Planning – Personal Financial
 Solution based comprehensive Planning Gitman et al.
planning for self and family– South-Western College
Insurance (Bonus Calculation, Pub 2007 : Personal
Financial Planning, 11th
Surrender value, Special Surrender
edition
value, Loan ValuePaid-Up and
Total Paid Up value) and Case studies, PPT and
Investment Analysis and Planning, Numericals
 Retirement Planning, Asset
rebalancing, Estate Planning,
Children education and marriage
goals, Reverse Mortgage, etc.
Learning Outcome: Students will
understand the methods of evaluation
and forecasting of investments through
need and solution based selling
56 – 60 Introduction to Behavioral Finance: Personal Financial
 Traditional finance Theory Vs. Planning Gitman et al.
Behavioral finance Theory South-Western College
 Concepts in Behavioral finance Pub 2007 : Personal
Financial Planning, 11th
 Importance of Behavioral Finance
edition
 Group Behavior
Learning Outcome: Students will PPT, News Articles
understand the basics of Investors
psychology and link it to his various
investments patterns basis different
market, personal scenarios
Prescribed Text Books:
Financial Planning – A ready Reckoner by Madhu Sinha
Reading
List and References:
References Harold Evensky. Wealth Management: The Financial Advisor's Guide to
Investing and Managing Client's Assets
Indian Institute of Bankers : Introduction to Financial Planning
Personal Financial Planning Gitman et al. South-Western College Pub 2007 :
Personal Financial Planning, 11th edition
Practice Management for Financial Advisors, Planners, and Wealth
Managers - John Wiley and Sons.
The Citibank Guide to Building Personal Wealth Capital - Gemini and
Garner, Robert J / Coplan 98
CAIA.org
Hallman, G. Victor –McGraw Hill 2003: Personal Financial Planning, 7th
edition.
Wealth Management: The Financial Advisor's Guide to Investing and
Managing Client's Assets
Personal Financial Planning Gitman et al. South-Western College Pub 2007:
Personal Financial Planning, 11th edition
Private Wealth Management by G. Victor Hallman, Jerry S.Rosenbloom
The Total Money Makeover: Classic Edition: A Proven Plan for Financial
Fitness - Dave Ramsey
The Financial Peace Planner by Dave Ramsey

Prepared by Faculty Approved by Program Approved by Associate

 Members Chairperson Deans
Prof. Tanvi Joshi
Dr. Jayesh Manjrekar

Approved by I/C Dean –

ASM SOC