Wealth Management I

MBA9520 Wealth Management Part 1 - Tax, Estate, and Investment Planning
1.5 Intensive Elective Credits
There are 6 pillars of wealth management - tax planning, estate planning, investment planning, retirement planning, education planning, and risk management (asset protection and insurance).
Part 1 examines tax planning - an overview of the income tax system, capital gains, alternative minimum tax, Roth conversion, charitable gifting techniques, and the latest on the Bush tax cuts. Then estate planning covers an overview of the estate and gift tax, standard estate planning documents you need, use of trusts, life insurance in estate planning, and advanced techniques. Finally, investment planning starts with basic investment objectives, then modern portfolio theory is covered including expected returns, measures of investment risk, the degree of correlation among investments and asset classes, and the concept of the efficient frontier. Specific types of investments are discussed such as mutual funds, commodities, TIPS, stocks, fixed income, real estate, gold, and exchange traded funds. Asset allocation, inflation, annuity investing, and specific decisions such as leasing versus buying are also covered.

Part 1 covers the topics from an individual planning perspective. The course is designed for students who have already accumulated wealth or are in the process of doing so. This could be the successful entrepreneur (or in the process of becoming successful) but also includes students who expect to inherit wealth and those that are interested in helping parents manage their wealth. Also, students who have interest in the financial services industry - financial advisors, insurance advisors, bankers, mutual fund managers, etc. will find the course of interest.

Prerequisites: None

  • Program: Graduate
  • Division: Other
  • Course Number: MBA9520
  • Number of Credits: 1.5