FIN 462: Private Wealth Management

Larry Schrenk, Instructor

Schedule and Supplements

Go to Topic 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25

PWN = Hallman and Rosenbloom. Private Wealth Management: The Complete Reference for the Personal Financial Planner.

LFA = Ibbotson, Milevsky, Chen, and Zhu. Lifetime Financial Advice: Human Capital, Asset Allocation, and Insurance.

WEEK 1.1    |     Monday, 10 January 2011    |     Topic 1–Introduction  

• Readings: None

• Slides: PowerPoint Slides 1 (.pptx)

• Websites

  • Bureau of Labor Statistics (BLS), Occupational Outlook Handbook (OOH), 2011-11 Edition  (website)

  • Bureau of Labor Statistics (BLS), Employment Projections and Fastest Growing Occupations (website)

  • Bureau of Labor Statistics (BLS), Description of Personal Financial Advisor (website)

WEEK 1.2    |     Thursday, 13 January 2011    |     Topic 2–Life-Cycle Planning  

• Readings: LFA, Chapter 1

  • Paula H. Hogan, “Life-Cycle Investing Is Rolling Our Way” (.pdf)

• Slides: PowerPoint Slides 2 (.pptx)

WEEK 2.1    |     Monday, 17 January 2011    |     Martin Luther KIng Day (no classes)

WEEK 2.2    |     Thursday, 20 January 2011    |     Topic 3–Budgeting and Personal Financial Statements   

• Readings: PWN, Chapter 1, pp. 17-24

  • Investopedia, Evaluating Your Personal Financial Statement (website)

  • Carole G. Prather, "The Ratio Analysis Technique Applied to Personal Financial Statements" (.pdf)

• Slides: PowerPoint Slides 3 (.pptx)

• Project: Project 1-Personal Financial Statements(.xlsx)

            NOTE: All assignments must be submitted as e-mail attachments by 11:59 PM on the due

                  date listed in this schedule. 

• Handout: Excel Spreadsheet Guidelines (.docx)(You must follow these guidelines when submitting any Excel spreadsheet for this course.)

WEEK 3.1    |     Monday, 24 January 2011    |   Topic 4–Interest Rates  

• Readings: Interest Rates: An Introduction (website)

• Slides: PowerPoint Slides 4 (.pptx)

• Problem Set: Interest Rates (.docx)

• Websites: Bankrate.com (website)

WEEK 3.2    |     Thursday, 27 January 2011    |   Topic 5–Inflation  

• Readings: How to Inflation-Proof Your Portfolio, TIPS, E Bonds, Inflation-Protected Annuities (websites)

• Slides: PowerPoint Slides 5 (.pptx)

• Problem Set: Inflation (.docx)

• Websites: FRED (website)

WEEK 4.1    |     Monday, 31 January 2011    |     Topic 6–Credit and Borrowing I  

• Readings: The Truth about Credit & Debt (Quiz), Your Credit Report: What it Says about You, Do You Know the Score on Your Credit? (Quiz), Why Your Credit Score Matters (websites)

• Slides: PowerPoint Slides 6 (.pptx)

• Problem Set: Amortization (.docx)

WEEK 5.2    |     Thursday, 10 February 2011    |    Topic 8–Houses and Mortgages    

• Readings: Bankrate.com Mortgage Guide, Consumer Handbook on Adjustable-Rate Mortgages, FRB: A Consumer's Guide to Mortgage Settlement Costs,

• Slides: PowerPoint Slides 8 (.pptx)

WEEK 6.1    |     Monday, 14 February 2011     |    Topic 9–Taxes  

• Readings: PWN, Chapter 10 and 11

• Slides: PowerPoint Slides 9 (.pptx)

• Websites: Internal Revenue Service (IRS) 1040 Central; Highlights of Recent Tax Changes;  IRS Forms and Publications; Index of Tax Topics (websites)

WEEK 6.2    |     Thursday, 17 February 2011    |    Topic 10–Insurance as Hedging 

• Readings: PWN, Chapter 20; LFA, Chapter 3

• Slides: PowerPoint Slides 10 (.pptx)

WEEK 7.1    |     Monday, 21 February 2011    |     Topic 11–Medical Insurance  

• Readings: PWN, Chapters 22 and 23

• Slides: PowerPoint Slides 11 (.pptx)

WEEK 7.2    |     Thursday, 24 February 2011   |     Topic 12–Property Insurance  

• Readings: PWN, Chapter 24

• Slides: PowerPoint Slides 12 (.pptx)

WEEK 8.1    |     Monday, 28 February  2011    |     Topic 13–Life Insurance  

• Readings: PWN, Chapter 21

• Slides: PowerPoint Slides 13 (.pptx)               

WEEK 9.2    |     Thursday, 17 March 2011    |     Topic 15–Retirement Planning  

WEEK 10.1    |     Monday, 21 March 2011    |    Topic 16–Retirement  

• Readings: PWN, Chapter 17; LFA, Chapter 5

• Slides: PowerPoint Slides 16 (.pptx)

WEEK 11.2    |     Thursday, 31 March 2011   |     Examination III (through Topic 18)  

WEEK 12.1    |     Monday, 4 April 2011    |     Topic 19–Investment Theory I  

• Readings: TBA

• Slides: PowerPoint Slides 19 (.pptx)

• Problem Set: Risk and Return (.docx)

• Assignments/Projects: Project 2-Portfolio Allocation I(.xlsx)

 WEEK 13.2    |     Thursday, 14 April 2011    |      Topic 22–Asset Allocation  

• Readings: PWN, Chapter 9; LFA, Chapter 2, 3

• Slides: PowerPoint Slides 22 (.pptx)

WEEK 14.1    |     Monday, 18 April 2011    |     Topic 23–Market Imperfections 

• Readings: TBA

• Slides: PowerPoint Slides 23 (.pptx)

• Project: Project 3 Due

• Assignments/Projects: Project 4-Portfolio Allocation II(.xlsx)

WEEK 14.2    |     Monday, 21 April 2011    |     Topic 24–Life-Cycle Investing 

• Readings: TBA

• Slides: PowerPoint Slides 24 (.pptx)

• Assignments/Projects: Project 4-Portfolio Allocation II(.xlsx)

WEEK 15.1    |     Monday, 25 April 2011    |     Topic 25–TBA 

• Readings: TBA

• Slides: PowerPoint Slides 25 (.pptx)

• Project: Project 4 Due

EXAM WEEK    |     TBA    |     Examination IV (through all Topics)