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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 Topics to be covered Learning(s) drawn Prescribed
No. 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 & • Develop personal financial goals
Constraints 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 • Identify the factors used to
Payment Plans 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 • Determine the cost of credit.


Cost of Credit Alternatives • Develop a plan to manage debt.

Mid-Term Exam

Module III- Making Purchase


Decisions
16-17 Real estate and other investment • Identify real estate investments
alternatives: Factors and Finances 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
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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 establish
an 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 retirement
spending 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