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Principles of Wealth Management

Introduce yourself to the world of finance and wealth management with this engaging course from the Hanken School of Economics.
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Last Updated:2022-03-28
Course level:Intermediate
Course Duration: 30h

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Course Content

11 sections • 28 lecture • 7h 33m total length

About Course

Introduce yourself to the world of finance and wealth management with this engaging course from the Hanken School of Economics.
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What You will learn

  • What will you achieve?
  • By the end of the course, you‘ll be able to...
  • Identify asset classes and instruments.
  • Calculate time value of money and compounding return.
  • Reflect on the meaning of market efficiency for financial markets.
  • Demonstrate knowledge on fundamentals aspects in finance such as Risk and Return, as well as Diversification.
  • Explore the basics principles of Portfolio Theory.
  • Assess the concepts of finance as integral parts of the wealth management process

Course Curriculum / Content

Week 1: Why Do We Need Financial Theory?- Introduction

  • 1.1 Wealth management – an introduction
  • 1.2 Introduction to the course and the educators
  • 1.3 Introduction to the course(video)
    00:00
  • 1.4 Presenting Dr Björn Wahlroos
    00:00

Week 1: On the foundations of finance

Week 1: Asset classes

Week 1: Financial instruments

Week 1: Summary of Week 1

Week 2: Basic Concepts in Finance-Introduction

Week 2: Basic concepts in finance

Week 2: Time value of money

Week 2: Compound return

Week 2: Valuation of stocks and bonds

Week 2: Summary of Week 2

Week 3: Risk and Return-Introduction

Week 3: Investing in a world of risk

Week 3: Diversification

Week 3: Equity premium puzzle

Week 3: Summary of Week 3

Week 4: Market Efficiency-Introduction

Week 4: Market efficiency

Week 4: Luck versus skill

Week 4: CAPM, anomalies, and risk factors

Week 4: Liquidity and FinTech

Week 4: Summary of Week 4

Week 5: Wealth Management-Introduction

Week 5: Risk aversion and investment horizon

Week 5: Portfolio theory

Week 5: Active versus passive management

Week 5: Stock picking

Week 5: Summary of Week 5

Week 6: Market Crashes and Central Banks-Introduction

Week 6: Market Crashes

Week 6: Central Banks and their Role in the Financial System

Week 6: Negative interest rates

Week 6: Summary of Week 6

Week 7: Wealth Management – A Practitioner’s View-Introduction

Week 7: Financial theory and wealth management

Week 7: General thoughts on investing and wealth management

Week 7: Market crashes and wealth management

Week 7: The future of wealth management

Week 7: Concluding thoughts

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Requirements

  • What software or tools do you need?
  • The course features mathematical formulae. If you are using a screen reader, you may need one that is able to read this.

Target Audience

  • Who is the course for?
  • This prestigious course is designed for both Bachelors and Masters students interested in learning about basic and more advanced topics in the finance and wealth management fields.
  • It will also be useful for professional practitioners working within the wealth management industry.
  • To fully understand all content within this course, a mathematical knowledge of upper secondary level is required. However, learners without this level of mathematical knowledge will still find the course useful, but may not be able to engage with the mathematical rationale behind all theories.

Material Includes

  • Videos
  • Text and Articles
  • External Resources
  • Group Discussions

Description

Learn the skills you need to grow and manage wealth over time

Relying on a strong theoretical background, this fascinating course educates you in the basic concepts of finance and wealth management – including diversification, risk and return and market efficiency – and how to grow and manage wealth over time.

Identify asset classes, understand the power of compound interest and the importance of time value of money

You’ll cover traditional theories in finance as well as more recent developments in financial markets. Learn about asset classes such as stocks and bonds and about financial instruments such as derivatives. Explore overarching principles of finance such as compound interest, the time value of money, investment risk and modern portfolio theory.

In addition, you’ll get an introduction to the history of finance, the dynamics of market crashes, negative interest rates and the role of central banks within an economy.

Study with the prestigious Hanken School of Economics

Founded in 1909, the Hanken School of Economics is one of the oldest business and management schools in the Nordic countries and is the recipient of three international awards, which roughly only 1% of all business schools in the world hold: EQUIS, AACSB and AMBA.

With strong ties to the academic world and private sector, it’s a fantastic place to join courses on both finance and wealth management.

Additionally, the course also offers you the unique opportunity to gain insight from Dr. Björn Wahlroos, a one-time professor at Hanken and the Chairman of the Board of Sampo Group and UPM Kymmene.

Dr. Wahlroos is also a former Chairman of Hanken and of Nordea, the largest bank in Scandinavia, and has written three books on economics and finance

What topics will you cover?

The course covers the following subjects:

  • Asset Classes
  • Time Value of Money
  • Market Efficiency
  • Risk and Return
  • Diversification
  • Portfolio Theory
  • Market Crashes
  • Negative Interest Rates
  • The Wealth Management Process

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