Media Partners
Wealth and Portfolio Management
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25-27 Oct 2010 London
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tba Dubai
Course Description
This programme as well as other wealth management courses are available on in-company basis at the moment. If you have a group of 3 or more we will be happy to customise it and deliver in your office in any location worldwide. Contact us to discuss your requirements. You may be interested in our 2 day public Managing Family Office & Wealth programme in London on 24-25 of May 2012 or Investment Performance Measurement on 24 of Apr in London.
An Intensive 3 day Course for Private Bankers, Wealth and Asset Managers exploring:
This practical 3 day course run by a former private banker will give you an in-depth overview of the current wealth management trends as well as cutting edge strategies for portfolio management. In London you can book separately for 1 day Wealth Management Today and 2 days Portfolio Management - see Pricing and Location section for details. |
What Will You LearnBy the end of this training you will:
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Main Topics Covered During This Training
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Who Should AttendFrom Private Banks, Wealth Management Companies, Family Offices, Asset Management and Corporate Banks as well as Consultancies and Lawyers : MDs, Heads of Departments and Managers and Team Members from:
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Register Now
25-27 Oct 2010 London
Register Now
tba Dubai
Wealth and Portfolio Management - A 3 Day Programme
DAY 1: Wealth Management Today
Introduction and Overview of the Market Place
- Wealth Management in context
- How big is the market? Who are the major players? Does size help?
- Where is the revenue growth to come from? What are the implications of this?
- Onshore vs offshore – where are the most popular locations? The pressure is on
Case Study: How do Wealth Managers measure their success?
Who exactly is a Wealth Management Client?
- How does one define ‘High Net Worth’?
- Client segmentation; inter-generational wealth transfer
- How many providers might a client use?
- The importance of the client relationship manager – staff retention
- How to measure client satisfaction? Which Wealth Manager came top in 2008?
Case Study: How do clients choose a bank and why might they leave?
Wealth Management Products and Services
- How do you differentiate your bank from the competition?
- How have the banks invested their clients’ wealth? The APCIMS benchmarks
- Changing asset allocation strategies in the credit crunch
- Family Office – combining the roles of accountant, lawyer, banker
- Ideas for complementary services – Art advisory, philanthropy
Case Study: The ideal professional service provider
Portfolio construction for private clients in practice
- How have the banks invested their clients’ wealth?
- Changing asset allocation strategies in today’s markets
- Which are the right products in today’s markets?
- Managing client expectations, changing client requirements
- Client profiles and model portfolios
Case Study: Private client profiling in practice
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DAY TWO: PORTFOLIO CONSTRUCTION - Incorporating Traditional Asset Classes and Derivatives
Modern Portfolio Theory and efficient markets as applied to today’s environment
- Efficient markets – Are they? Do we live in a ‘normal’ world?
- Are investors retional? Behavioural finance and its impact on current thinking
- The capital asset pricing model and efficient frontiers
- Betas and the search for Alpha
- What is the correct equity risk premium now? Can history be a guide
Case Study – Beta at work in practice
Investing in Bonds – From sovereign to corporate
- Factors to consider when managing bond portfolios
- The search for income – From sovereign to corporate
- Maturity, duration; yield curve and spread trading
- From investment grade to high yield – Rising stars and fallen angels
Case Study: Credit spreads in practice across the Emerging Market bond universe
Investing in Equities – From active to passive portfolio management
- Thematic vs geographical selection criteria
- Growth vs value investing – how do the numbers work?
- Can active management add value? The growth of index tracking
- Exchange Traded Funds – Active passive?
Case study: Assessment criteria used by equity fund managers
Using Derivatives in Portfolio Management
- Which products do Portfolio Managers mainly use & why?
- For hedging or speculation; Exchange tradable vs Over-the-Counter instruments
- Index futures – Hedging a portfolio, margin requirements
- Equity index swaps for equity fund managers
- Using options to protect portfolio positions
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DAY THREE: USING ALTERNATIVE ASSET CLASSES IN THE PORTFOLIO
Risk measurement and management across the investable universe
- Volatility – Statistical probability and dispersion of returns
- Fat tails in finance & black swans explained
- Case Study: Volatility in practice across the Mutual Fund universe
- Sharpe ratios – Risk adjusted performance measurement
- Portfolio optimisation and rebalancing (Excel demonstration)
- Value at Risk
Alternative investments - Private equity, commodities, FX overlay
- Investor attitudes to private equity as an investment proposition
- The range of investable opportunities within private equity
- Foreign exchange as an asset class vs currency overlay strategies
- Commodities as an asset class – comparisons with traditional investments
Case Study: Investable commodities’ performances 2008
Alternative investments – Hedge funds, an overview
- What are they exactly? How do they differ from conventional funds?
- How many are there? How big are they? What do they cost?
- Relationships with investment banks - Prime brokerage
- Counterparty relationships: Prime brokerage and fund administration
- Lessons from 2008 - Counterparty risk
- Manager tactics – Leverage & shorting explained
Case Study: How do Investors choose their hedge fund manager?
Rationale for using hedge funds in an investors’ portfolio
- The non-correlated asset class? So what happened in 2008?
- Efficient frontiers revisited for the long term investor
- Due diligence process
- Survivorship bias, drawdown
- Transparency issues
- Benchmark risks for investors
Case Study: Exclusion criteria in the due diligence process
Paul Meadows
Paul started his career in 1983 at Royal Insurance in the long-term equity portfolio team. In 1990 he joined Swedish insurer Trygg-Hansa’s London start-up operation to manage its UK Equity exposure.
In 1994 he moved into the Private Client arena, as part of the Investment Unit of Lloyds Private Banking & over a two year period diversified away from an exclusive analytical/Fund Management role to incorporate an extensive presentational package on the Bank’s investment strategy delivered ‘on the road’ to its network of offices around the country.
In 1996 Paul joined Bank of Butterfield to head up the global Equity research effort in London in support of the Bank’s (offshore) private client base. By this time that he had also developed training material covering most aspects of Portfolio Management & the behaviour of institutional investors for delivery (as a freelance consultant) to a wide range of audiences in the UK & abroad. This was subsequently extended to incorporate the Private Client Asset Management area.
Paul had a spell with an international high-risk security company analysing the operations of quoted oil & mining corporates worldwide. In 2000 Paul moved into full time training with main course providers, specialising in Fund Management, Equity Markets, Private Banking & Hedge Funds.
Clients trained include Citigroup, Man Investments, Axa Investment Managers, Barclays Global Investors, HSBC, Renaissance Capital, ABN Amro Private Bank, Hoare & Co.
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