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JAIPURIA INSTITUTE OF MANAGEMENT, LUCKNOW Post Graduate Diploma in Management Post Graduate Diploma in Management (Financial Services) Fifth

Term (Academic year: 2011-12), Sections: A, B, C Course Title: Wealth Management (Course Code: 526) Course Instructor: Dr. A.K. Mishra Number of Sessions: 24 Course Overview Planning ones finances to tide over future needs is a primary concern of many people. But different investment alternatives that are currently available and mathematical complexities make this task daunting for many. Keeping in view the complexity of financial service industry and limited subject knowledge of layman, the course of wealth management has been designed. . The course examines the core features of a typical wealth management division including cash flow, funding, insurance, taxation, investment analysis, employment benefits, retirement and estate planning., through to making investment recommendations from a range of financial products such as an equity/bond based portfolio, to hedge funds/private equity holdings. The entire course is divided into six modules. Its first module is related to the concept and need of wealth management. It also deals with the process of personal financial decisions, factors influencing personal financial planning, client profiling, development of personal financial goals, designing of financial plans and constraints. Besides this concept of time value of money and tax issues in the perspective of wealth management are also parts of this module. The second module of this course would deal with designing of cash management strategy by analyzing different savings plans and payment methods. It would also explain the concept of consumer credit, its types, manner to assess credit and precautionary measures so as to avoid credit mistakes. The third module is related to evaluation of various housing alternates and assessment of the opportunity cost of housing choices. It would elaborate the home buying process and its financing. Course Credits: 3 Office Ext No. 287

The fourth module would cover various dimensions of insurance and its impact on financial planning of an individual. It would encompass to life insurance, health insurance, property and liability insurance so as to develop ability to analyze different alternates. The fifth module would deal with investment fundamentals e.g. need for investment program, factors influencing, investment alternates and sources of financial information. It would also introduce characteristics of different securities, their evaluation techniques and trading practices. Apart from securities, it would also cover assessment of real estate and other investment alternatives. The sixth and last module is related to planning for retirement wherein the focus would be on estimating the post retirement spending needs and accordingly take the decisions so as to make life easy after retirement. Towards the end of course the way to synthesize financial planning would also be covered. Learning Outcomes The learners would: Be able to categorize the core services provided under wealth management. Be able to analyze issues that have impact upon the wealth management services and assess their relevance. Be able to describe basic concepts of financial planning and factors which should be taken into consideration while advising a client. Be able to assess various financial products available to savers and investors. Be able to analyze the way people view their personal finances and the choices they are willing to make. Be able to identify financial needs of clients, set goals in the light of their needs and build a portfolio. Pedagogy The pedagogy would involve lectures and classroom discussions, supplemented by case studies and exercises. Text Book To be finalised

References Financial Planning: Madhu Sinha(TMH) Personal Finance: Jeff Madhura(Pearson) Personal Financial Planning: Hallman & Victor(TMH) Wealth: Stuart E. Lucas: (Pearson) The Intelligent Investor: Benjamin Graham (Harper Collins) Assessment:

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Component
Quizzes Assignment Mid-Term Exam End-Term Exam

Weightage (%)
20 20 20 40

Description of Each Component: 1. Quizzes: There shall be four quizzes, equally distributed before and after midterm examination. Each quiz will carry 5 marks. 2. Project/Assignment: It will be on group (group of 4 students) basis. 3. Mid-term examination: It will be based on the syllabus covered till date. 4. End-term examination: It will be based on entire syllabus.

Session Plan Session Topic Methods/Case (With suggested questions) Text Chapter Book & Readings No.

1 2 3 4-7

Module I- Planning Your Personal Finances Overview of Wealth Management Client Profiling, Goal Setting and Constraint Time Value of Money Planning for Tax Considerations Module II- Managing Your Personal Finances Financial Services: Savings and Payment Plans Introduction to Consumer Credit Choosing a Source of Credit: The Cost of Credit Alternatives Module III- Making Your Purchasing Decisions The Housing Decision: Factors and Finances Module IV- Insuring Your Resources Life Insurance and Social Security Health Insurance Property and Liability Insurance Module V- Investing Your Financial Resources Investment Fundamentals Introduction to Stocks and Bonds Introduction to Mutual Funds Investing in Real Estate and Other Investment Alternatives Module VI- Controlling Your Financial Future & Synthesizing Financial Planning Planning for Retirement Synthesis of Financial Planning

Lecture

Lecture & Discussion Lecture & Problem solving exercises Computation of various taxation aspects Lecture & Discussion Lecture & Discussion Lecture & Discussion

8-9 10 11

12

Lecture & Discussion

13 14 15

Lecture & Problem solving exercises Lecture & Discussion Lecture & Discussion

16-17 18-19 20 21-22

Lecture & Discussion

Lecture & Discussion Lecture & Discussion Lecture & Discussion

23 24

Lecture & Problem solving exercises

Discussion