Professional Knowledge Areas
The curriculum for the Chartered Wealth Manager designation focuses on planning for resident
and non-resident clients. This core group of graduate topics focuses on inbound and outbound planning issues of high net-worth
individuals and business owners and cover consulting with a global focus. A critical aspect of this course is addressing the
interpersonal skills crucial to of advising the wealthy individual, family or small business owner. The course will cover
areas of tax, compliance aspects for you and your client, investing in real estate and other assets, asset protection and
cross border obstacles for residents and non-residents.
Areas of Course Study
Wealth Management and Financial
Planning for the Wealthy
This module distinguishes wealth management from traditional financial planning and covers
the aspects of managing wealth for high net-worth individuals, and the major financial planning concepts, underlying laws
and regulations related to global wealth planning. It covers major principles in domestic and international tax and financial
planning, and how to recognize opportunities for clients. It also entails the discussion of suitable asset allocation techniques
from an integrated perspective, finance, financial planning aspects, risk tolerance, lifestyle, life cycle, and estate planning.
The overall goal of this module is to enable the advisor to encounter a complex wealth management engagement and be able to
integrate the advice given by various counselors to help facilitate the optimal solution and enable the client to make appropriate
planning and life cycle models for high net-worth individuals.
of Asset Allocation.
· Client objectives and suitable
· Integrated financial planning
· International wealth planning
for high-net-worth individuals (including trusts, foundations, estate planning, comparative tax laws, mobility and residence).
· Objectives of a family office.
Practice Management and Marketing
for the Financial Industry
Learn the use of the proper tools, designing the engagement contract and how to charge for
examining, developing and implementing the wealth management plan.
- Use of the Investment Proposal
and Investment Policy Statement
- The Virtual Office
- The Family Financial Website
- The Financial Roadmap
- Work Flow Planning
- Record Keeping and Privacy Issues
- Client Correspondence and Marketing Issues
The High Net-Worth Financial Plan
Learn how to develop an integrated service concept for high net-worth clients and determine
how to implement a client segmentation plan. Understand the consequences of different service and pricing strategies.
Learn how to build sustainable client loyalty, and how to define,
implement and secure a service culture perceived as value-added by the high net-worth client.
Portfolio Management, Financial
Markets and Risk Management
The candidate will learn more advanced applications of the classical concepts of portfolio
theory as they apply to equities, bonds, or hedge fund strategies. The course will also teach you to question and assess asset
managers. Furthermore, you will practice how to break down and evaluate various structured products in order to give clients
the best advice about frequently encountered obstacles of the wealthy. And finally, you pull everything together through the
construction of the Investment Policy Statement, asset allocation and concentrated positions, and actual case studies.
During this module you will gain insights into modern concepts of:
· Investment policy
· Performance measurement
· Structured products risk management and operational
· Hedge funds, options and other investment choices
positions and practical diversification possibilities
Compliance and Anti-money Laundering
This module is an introduction to compliance, reporting
and record keeping. It covers advanced topics in Compliance including the Bank Secrecy Act, Internal Revenue Code Section
6050I, AML statutes, FATF Forty Recommendations.
Research Guidance On Money Laundering and Compliance
· Introduction to Money Laundering: Definitions, Stages,
Players, Magnitude and Significance
Methods, Trends and Typologies of Money Laundering
· Comparisons of Anti-Money Laundering Regimes, Key
Nations and Offshore Financial Centers
International and Regional Configurations Against Money Laundering
· Terrorist Financing: Law, Policy, and Strategies
· The United
States Law of Money Laundering and Forfeiture
The USA Patriot Act
International Anti-Avoidance and
The objective of this module is to give the student an understanding of the fundamental principles
that underlie anti avoidance provisions and to acquaint you with the current of state of the law in selected countries.
Tax avoidance is difficult to define. Additionally, interpretation from one tax jurisdiction to another
varies and legislation changes from time to time reflecting changes in judicial tolerance. Advisors need to be aware of the
current state of the law in the country of residence of the taxpayer and also in the countries that they are using to implement
their client’s tax plans.
You will learn about:
Shams and Step Transactions
Concepts of Residence and Source
General Anti Avoidance Regime
Concepts of Substance and Form and Abuse of Law
Specific Anti Avoidance Rules
Controlled Foreign Corporations
Controlled Foreign Companies Regime
Advance Pricing Agreements
U. S. Tax Treaties, OECD Models, U.N. Models
The Use of Double Tax Agreements for Avoidance
Review Of Important Tax Cases
Global Tax and Asset Protection Planning
Taxation of U.S. citizen residents or domiliciaries
- Estate taxation
- Gift taxation
- Generation-skipping transfer taxation
of non-residents and non-domiciliaries