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Updated in [March 06th, 2023]

This course, Planning your Client & Wealth over a 5-year Horizon, provides an overview of the basic steps in investment, cognitive biases when choosing which assets to look at, processing financial information, rebalancing portfolios, and evaluating performance. It also covers how our emotions impact our investment decisions, why we trade, and what can be learned from this. Additionally, the course features a guest speaker from UBS who will discuss the key things needed to define an investment profile, the path from an investor's profile to their optimal investment strategy, and how age and wealth affect an investment profile. Finally, the course will explore the use of robo-advisors.

[Applications]
It is suggested that those who have completed this course apply their knowledge to their own investment strategies. They should consider their age, wealth, and emotions when making decisions, and be aware of cognitive biases that may influence their decisions. Additionally, they should be aware of the basic steps in investment and the path from an investor's profile to their optimal investment strategy. Finally, they should consider the use of robo-advisors to help them make informed decisions.

[Career Paths]
1. Financial Planner: Financial planners help individuals and businesses create and manage their financial plans. They provide advice on investments, taxes, retirement, estate planning, insurance, and other financial matters. Financial planners are expected to have a strong understanding of the financial markets and the ability to analyze and interpret financial data. As the demand for financial planning services increases, the job outlook for financial planners is expected to remain strong.

2. Investment Banker: Investment bankers provide advice and services to companies and governments on financial matters such as mergers and acquisitions, capital raising, and risk management. Investment bankers must have a strong understanding of the financial markets and the ability to analyze and interpret financial data. As the demand for financial services increases, the job outlook for investment bankers is expected to remain strong.

3. Wealth Manager: Wealth managers provide advice and services to individuals and families on financial matters such as investments, taxes, retirement, estate planning, and insurance. Wealth managers must have a strong understanding of the financial markets and the ability to analyze and interpret financial data. As the demand for financial services increases, the job outlook for wealth managers is expected to remain strong.

4. Financial Analyst: Financial analysts provide advice and services to companies and governments on financial matters such as investments, taxes, and risk management. Financial analysts must have a strong understanding of the financial markets and the ability to analyze and interpret financial data. As the demand for financial services increases, the job outlook for financial analysts is expected to remain strong.

[Education Paths]
1. Bachelor of Science in Finance: This degree program provides students with a comprehensive understanding of financial markets, investments, and financial management. Students learn how to analyze financial data, develop financial strategies, and manage investments. This degree is ideal for those interested in a career in banking, financial planning, or investment management. Additionally, the degree provides a strong foundation for those interested in pursuing a graduate degree in finance.

2. Master of Business Administration (MBA): An MBA is a great option for those looking to gain a deeper understanding of business and finance. This degree program provides students with a comprehensive understanding of business operations, financial management, and strategic planning. Additionally, students learn how to analyze financial data, develop financial strategies, and manage investments. This degree is ideal for those interested in a career in banking, financial planning, or investment management.

3. Master of Science in Investment Management: This degree program provides students with a comprehensive understanding of investments, portfolio management, and financial markets. Students learn how to analyze financial data, develop financial strategies, and manage investments. This degree is ideal for those interested in a career in investment banking, portfolio management, or financial planning. Additionally, the degree provides a strong foundation for those interested in pursuing a graduate degree in finance.

4. Master of Science in Financial Engineering: This degree program provides students with a comprehensive understanding of financial engineering, quantitative analysis, and financial markets. Students learn how to analyze financial data, develop financial strategies, and manage investments. This degree is ideal for those interested in a career in quantitative finance, algorithmic trading, or financial engineering. Additionally, the degree provides a strong foundation for those interested in pursuing a graduate degree in finance.

Course Syllabus

Overview of the milestone

Risk as volatility?

The risk-return trade-off - UBS guest speaker

Measuring our risk tolerance

Distribution of returns - Graphical representation

Distribution of returns - Numbers

The impact of correlation - The benefits of diversification

The impact of correlation - Maximizing diversification

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 - 20001

Key drivers of tactical asset allocation - Goals

Key drivers of tactical asset allocation - Implementation