Planning your Client's Wealth over a 5-year Horizon
In this Capstone project, you will have to choose between three different characters (each with a unique set of financial constraints and objectives) and design an appropriate wealth plan for them over the next 5 years. You will have to use the knowledge you gained in each of the four preceding courses to reach that objective.
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- Level Foundation
- Duration 13 hours
- Course by University of Geneva
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Offered by
About
In this Capstone project, you will have to choose between three different characters (each with a unique set of financial constraints and objectives) and design an appropriate wealth plan for them over the next 5 years. You will have to use the knowledge you gained in each of the four preceding courses to reach that objective. Indeed, you will need to know which assets to consider and how to manage them depending on changes in the economic outlook (Course 1), how to evaluate and deal with your character's emotional biases in order to suggest them a wealth strategy they will be able to follow (Course 2), how to build an optimal portfolio and manage its risk once the strategy has been designed (Course 3) and how to adequately measure the performance of your plan while taking advantage of investment vehicles and future trends in the investment management industry to further your character's goals (Course 4). This Capstone project was designed in collaboration with UBS, our corporate partner, who benefits from years of experience in guiding clients with their wealth planning.Modules
Introduction to the Capstone project
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1
Videos
1
Videos
- Welcoming video & project overview
Overview of the milestone
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2
Videos
2
Videos
- Client profile - Quick recap - part 1
- Client profile - Quick recap - part 2
Scaffolding material: cognitive biases
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6
Videos
6
Videos
- The basic steps in investment
- Cognitive biases when choosing which assets to look at
- Cognitive biases when processing financial information
- Cognitive biases when rebalancing your portfolio
- Cognitive biases when evaluating performance
- Wrap-up
Scaffolding material: emotions
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3
Videos
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1
Discussion
1
Discussions
- Cognitive biases and emotions
3
Videos
- How our emotions impact our investment decisions
- Why we trade
- What can we learn from this?
Scaffolding material: investment profile
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4
Videos
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1
Discussion
1
Discussions
- Investment profile
4
Videos
- The key things you need to know to define your investment profile - UBS guest speaker
- The path from an investor's profile to his/her optimal investment strategy - UBS guest speaker
- How our age and wealth affect our investment profile - Main views
- How our age and wealth affect our investment profile - Robo-advisors
Assignment
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1
Readings
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1
PeerReview
1
Peer Review
- Assignment for the first milestone: client profile
1
Readings
- Pick a client!
Overview of the milestone
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1
Videos
1
Videos
- Overview of the milestone
Scaffolding material: risk-return trade-off
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3
Videos
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1
Discussion
1
Discussions
- Risk-return trade-off
3
Videos
- Risk as volatility?
- The risk-return trade-off - UBS guest speaker
- Measuring our risk tolerance
Scaffolding material: Strategic Asset Allocation
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4
Videos
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1
Discussion
1
Discussions
- Startegic Asset Allocation
4
Videos
- Distribution of returns - Graphical representation
- Distribution of returns - Numbers
- The impact of correlation - The benefits of diversification
- The impact of correlation - Maximizing diversification
Scaffolding material: Tactical Asset Allocation
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5
Videos
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1
Discussion
1
Discussions
- Tactical Asset Allocation
5
Videos
- A first example of an anticipation crisis: 1987 - The "Fed Model"
- A first example of an anticipation crisis: 1987 - The crash
- A second example of an anticipation crisis - 2000
- Key drivers of tactical asset allocation - Goals
- Key drivers of tactical asset allocation - Implementation
Assignment
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1
PeerReview
1
Peer Review
- Assignment for the second milestone: investment policy
Overview of the milestone
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1
Videos
1
Videos
- Overview of the milestone
Scaffolding material: Risk management
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6
Videos
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1
Discussion
1
Discussions
- Risk management
6
Videos
- Risk management applied to portfolio allocation
- Defining the Value-at-Risk
- Computing the Value-at-Risk
- Defining the Expected Shortfall
- Computing the Expected Shortfall
- Risk as volatility?
Assignment
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1
PeerReview
1
Peer Review
- Assignment for the third milestone: first reporting and rebalancing
Overview of the milestone
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1
Videos
1
Videos
- Overview of the milestone
Scaffolding material: performance measurement
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4
Videos
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1
Discussion
1
Discussions
- Performance measurement
4
Videos
- The Sharpe, Treynor and Sortino ratios - Sharpe
- The Sharpe, Treynor and Sortino ratios - Treynor and Sortino
- Beating the benchmark or the peer group? - Peer group analysis
- Beating the benchmark or the peer group? - Screening criteria
Assignment
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1
PeerReview
1
Peer Review
- Assignment for the fourth milestone: final reporting
Conclusion
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1
Videos
1
Videos
- A few concluding words
Auto Summary
Embark on a comprehensive journey with "Planning your Client's Wealth over a 5-year Horizon," a meticulously designed Capstone project within the Business & Management domain. Guided by the expertise of Coursera and in collaboration with UBS, a global leader in wealth management, this course empowers you to craft personalized wealth plans for diverse client profiles. Throughout this engaging project, you will select from three distinct characters, each presenting unique financial constraints and aspirations. Leveraging insights from four preceding courses, you will learn to navigate asset selection and management amid shifting economic landscapes, address emotional biases to recommend feasible strategies, construct and manage optimal investment portfolios, and measure performance while capitalizing on industry trends. Spanning 780 minutes, this foundational course offers flexible subscription options, including Starter and Professional plans, making it accessible to a wide audience. Ideal for aspiring wealth managers, financial advisors, and anyone keen on mastering wealth planning, this course equips you with practical skills to enhance your clients' financial futures. Join now and transform your approach to wealth management.
University of Geneva- Michel Girardin