Personal Wealth Management

Course aim

To introduce students to the techniques and products associated with managing personal wealth and to highlight the principles involved in constructing investment portfolios.

Course content

The financial planning environment – industry participants, role, regulatory and licensing issues; role of the investment adviser – independence and ethical responsibilities; principles underlying the construction of personal investment portfolios – investor goals, attitudes to risk, time horizon and constraints; principal investment markets – property, equities, interest bearing securities, and use of gearing; formulation of an investment plan - wealth creation strategies, diversification, taxation and performance goals; superannuation – role, funding, issues, types of fund, lump sum versus pension retirement benefits and taxation considerations; personal risk management and insurance; performance measurement and review – evaluation of risk, performance record and prospects, direct versus indirect investment; estate planning – powers or attorney, death and taxes, wills, testamentary trusts.

Textbook(s)

Gitman, L.J, Morrison, D, & Joehnk, M.D 2007, Personal Financial Planning: An Australian Perspective, Thomson, Melbourne

Prerequisite(s)

Nil

Corequisite(s)

Nil

Teaching method

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Examination, Quantitative Assessment 1, Quantitative Assessment 2, Student Presentations and Peer Reviews

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 4C)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
How to determine your Commonwealth Supported course fee. (Opens new window)

Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
How to determine the relevant non award tuition fee. (Opens new window)

Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.