E-Book Overview
SCHWESERNOTES™ 2019 LEVEL III CFA® BOOK 2: PRIVATE WEALTH MANAGEMENT AND
INSTITUTIONAL INVESTORS
E-Book Content
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
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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
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