Cfa 2019 Schweser - Level 3 Schwesernotes Book 2: Private Wealth Management And Institutional Investors

Contents 1. Learning Outcome Statements (LOS) 2. Study Session 5—Private Wealth Management (1) 1. Reading 10: Managing Individual Investor Portfolios 1. Exam Focus 2. Module 10.1: IPS: Intro and Profiling 3. Module 10.2: Personality Types and IPS Purpose 4. Module 10.3: Time Horizon 5. Module 10.4: Liquidity 6. Module 10.5: Taxes, Legal and Regulatory, and Unique Circumstances 7. Module 10.6: Risk Objective 8. Module 10.7: Return Objective 9. Module 10.8: Strategic Asset Allocation and Monte Carlo Simulation 10. Module 10.9: Comprehensive Example 11. Key Concepts 12. Answer Key for Module Quizzes 2. Reading 11: Taxes and Private Wealth Management in a Global Context 1. Exam Focus 2. Module 11.1: Approaches to Taxation 3. Module 11.2: Accrual and Deferred Capital Gains Taxation 4. Module 11.3: Annual Wealth and Blended Taxation 5. Module 11.4: Tax Location 6. Module 11.5: After-Tax Return and Risk 7. Module 11.6: More Tax Alpha Strategies 8. Key Concepts 9. Answer Key for Module Quizzes 3. Reading 12: Estate Planning in a Global Context 1. Exam Focus 2. Module 12.1: Estate Planning 3. Module 12.2: Estimating Core Capital 4. Module 12.3: Gift vs. Bequest 5. Module 12.4: Other Estate Planning Techniques 6. Module 12.5: Residence vs. Source Taxation 7. Key Concepts 8. Answer Key for Module Quizzes 3. Study Session 6—Private Wealth Management (2) 1. Reading 13: Concentrated Single-Asset Positions 1. Exam Focus 2. Module 13.1: Concentrated Single-Asset Positions 3. Module 13.2: Goal-Based and Location 4. Module 13.3: Strategies for Common Stock 5. Module 13.4: Private Businesses and Real Estate 4. 5. 6. 7. 8. 9. 6. Module 13.5: Comprehensive Example 7. Key Concepts 8. Answer Key for Module Quizzes 2. Reading 14: Risk Management for Individuals 1. Exam Focus 2. Module 14.1: Human and Financial Capital 3. Module 14.2: Risks and Insurance 4. Module 14.3: Life Insurance 5. Module 14.4: Annuities 6. Module 14.5: Comprehensive Example and Review 7. Key Concepts 8. Answer Key for Module Quizzes Topic Assessment: Private Wealth Management Topic Assessment Answers: Private Wealth Management Study Session 7— Portfolio Management for Institutional Investors 1. Reading 15: Managing Institutional Investor Portfolios 1. Exam Focus 2. Module 15.1: Introduction and Pension Plans 3. Module 15.2: Foundations and Endowments 4. Module 15.3: Life and Non-Life Insurance Companies 5. Module 15.4: Banks 6. Module 15.5: Some Conclusions 7. Key Concepts 8. Answer Key for Module Quizzes Topic Assessment: Portfolio Management for Institutional Investors Topic Assessment Answers: Portfolio Management for Institutional Investors Formulas List of pages 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. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. v 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 43 43. 44. 45. 46. 47. 48. 49. 50. 51. 52. 53. 54. 55. 56. 57. 58. 59. 60. 61. 62. 63. 64. 65. 66. 67. 68. 69. 70. 71. 72. 73. 74. 75. 76. 77. 78. 79. 80. 81. 82. 83. 84. 85. 86. 87. 88. 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 89. 90. 91. 92. 93. 94. 95. 96. 97. 98. 99. 100. 101. 102. 103. 104. 105. 106. 107. 108. 109. 110. 111. 112. 113. 114. 115. 116. 117. 118. 119. 120. 121. 122. 123. 124. 125. 126. 127. 128. 129. 130. 131. 132. 133. 134. 90 91 92 93 94 95 97 98 99 100 101 102 103 104 105 106 107 108 109 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 135. 136. 137. 138. 139. 140. 141. 142. 1