CORPFIN 6004 - Global Wealth Management

North Terrace Campus - Summer - 2015

This course is taught by a diverse team of specialised lecturers. It examines diversification of risk management and portfolio performance measurement. The vital importance of asset allocation, both strategic and tactical are explained and workshopped. There is a growing global interest in Islamic banking, and therefore the history and current market position of popular Islamic financing products is studied. The rapid growth of the global funds management industry and the financial planning and advice industry are looked at and opportunities for investors explored.

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Course Details

Course Code	CORPFIN 6004
Course	Global Wealth Management
Coordinating Unit	Adelaide Business School
Term	Summer
Level	Postgraduate Coursework
Location/s	North Terrace Campus
Units	3
Available for Study Abroad and Exchange	N
Assumed Knowledge	CORPFIN 7005
Assessment	Exam/assignments/tests/tutorial work as prescribed at first lecture

Course Staff

Course Coordinator: Professor Ralf Zurbrugg

Course Timetable

The full timetable of all activities for this course can be accessed from .

Course Learning Outcomes

1. A basic knowledge of the four moments of a distribution
2. The ability to conceptualise the benefits of diversification
3. The ability to read portfolio performance reports
4. Profiling the investor and creating and Investment Policy Statement (or a Statement of Advice)
5. Preliminary asset allocation for specific investors
6. Identify the roots and reasons for the fundamental prohibitions in Islam of receiving and paying interest and engaging in excessive gambling.
7. Identify the specifics of basic alternative financial contracts that stem from profit-and-loss sharing arrangements and are shaped by the prohibitions.
8. Identify the reasons, evolution and scope of capital adequacy issues of the international banking regulations, in particular the Basel Agreements.
9. An appreciation of the size and impact of the managed fund industry and its importance to investors globally. They should also appreciate the structure and operation of the managed funds industry in Australia and internationally.
10. The role and responsibilities of the Dealer
11. Explore the needs of clients that seek Private Banking services
12. A consideration of the services of family offices and broader issues such as philanthropy, investment structures, intergenerational wealth transfer and estate planning

University Graduate Attributes

This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

University Graduate Attribute	Course Learning Outcome(s)
Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised.	All
The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner.	All
An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems.	All
Skills of a high order in interpersonal understanding, teamwork and communication.	All
A proficiency in the appropriate use of contemporary technologies.	All
A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life.	All
A commitment to the highest standards of professional endeavour and the ability to take a leadership role in the community.	All
An awareness of ethical, social and cultural issues within a global context and their importance in the exercise of professional skills and responsibilities.	All

Learning Resources

Required Resources

Additional readings will be advised to students
Learning & Teaching Activities

Learning & Teaching Modes

Due to the intensive nature of this course it is a requirement that participants attend 80% of the scheduled seminars. Consideration will be given to medical and compassionate reasons for non attendance but supporting documentation will need to be presented with these requests. If 80% attendance is not met participants will be ineligible to sit for the exam.

As with all intensive executive style programs students are expected to contribute to all discussions and be positively interactive. There is a strong assumption that students will engage in seminar discussions in an informed way.

Workload

The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

The University expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that you are expected to commit approximately 9 hours for a three-unit course or 13 hours for a four-unit course, of private study outside of your regular classes.

Learning Activities Summary

Day 1
Course Introduction
Modern Portfolio Theory and the Evaluation of Portfolio Performance

Day 2
Asset Allocation decision
Strategic Asset Allocation
Ranges for Tactical Asset Allocation
Case Study and Workshop to use Solver
Issues in Asset Allocation

Day 3
This topic explores the world of Private Banking. Private Banking is a exclusive subset of wealth management. It is one of the fastest growing segments of banking, despite Private Banking having its origins back in the 17th century, however as the affluence of the world has increased the providers of private banking services no longer exist in England and Switzerland. We will examine traditional services offered by private banks as well as the newer offerings in this space. In addition, we explore the needs of the clients that the Private Banks seek to serve with such offerings. We will also consider the services of "family offices" that exist both within and outside private banks. Broader issues will also be discussed such as philanthropy, investment structures, intergenerational wealth transfer and estate planning.

Day 4
Banking Standards and Regulation
Concepts of Islamic Banking Products

Day 5
Scope & magnitude of Managed Funds
Master Funds & Platforms
Regulation & compliance of Financial Advice
Information available to investors
Global growth of financial planning

Day 6
Presentations

Exam

The University's policy on Assessment for Coursework Programs is based on the following four principles:

Assessment must encourage and reinforce learning.
Assessment must enable robust and fair judgements about student performance.
Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
Assessment must maintain academic standards.

Assessment Summary

To gain a pass for this course, a mark of at least 50% (complete) must be obtained on the examination as well as a total of at least 50% overall. Students not achieving the minimum exam mark will be awarded no more than 49.

In course assessment	5%
Assignment	18%	Learning Outcomes 1-5
Presentation	27%	Learning Outcomes 1-5
3 hour open book exam	50%	3, 6-10
Total	100%

Assessment Detail

Presentation of Assignments
• Please must retain a copy of all assignments submitted.
• Please attach an ‘Assignment Cover Sheet’, which is signed and dated by you before submission.
• An assignment drop box will be made available for you on the Ground Floor, 10 Pulteney Street

Lecturers can refuse to accept assignments, which do not have a signed acknowledgement of the University’s policy on plagiarism.

Assignment Guidelines including Referencing Details
A copy of the Postgraduate Programs: Communication Skills Guide will have been given to you at the beginning of your program. This guide will assist you structure your assignments. A copy of the guide can also be downloaded from

This publication also provides guidelines on a range of other important communication skills including writing essays and management reports, making oral presentations etc.
In preparing any written piece of assessment for your postgraduate studies it is important to draw on the relevant ‘literature’ to support critical analysis. Also essential is to reference the literature used. Correct referencing is important because it identifies the source of the ideas and arguments that you present, and sometimes the source of the actual words you use, and helps to avoid the problem of plagiarism. (Further information on plagiarism is provided later in this course outline.)
The Harvard system is widely used in the Business School. Guidelines for the use of this style of referencing can be found in the Communication Skills Guide.

Further assistance with referencing is available from the Faculty’s Learning Support Advisors. The contact details are provided on page 6 of the Communication Skills Guide.

Late Assignment Submission
Students are expected to submit their work by the due date to maintain a fair and equitable system. Extensions will generally only be given for medical or other serious reasons. All requests for extensions must be emailed to the lecturer in charge of the course before the due date. Each request will be assessed on its merits. A late assignment (without prior arrangement) will be penalised by a 5% mark reduction for each day that it is late.

Return of Assignments
Lecturer’s aim to mark and return assignments to students within two (2) weeks of the due date with written feedback. Students are responsible for collecting their marked assignments as advised via email. If assignments aren’t collected after two (2) weeks, the assignments will be available at the Student Hub for two (2) weeks. The remaining assignments will only be posted out to the students, if the correct mailing addresses are on the assignments.

Submission

No information currently available.

Course Grading

Grades for your performance in this course will be awarded in accordance with the following scheme:

M10 (Coursework Mark Scheme)
Grade	Mark	Description
FNS		Fail No Submission
F	1-49	Fail
P	50-64	Pass
C	65-74	Credit
D	75-84	Distinction
HD	85-100	High Distinction
CN		Continuing
NFE		No Formal Examination
RP		Result Pending

Further details of the grades/results can be obtained from Examinations.

Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

Final results for this course will be made available through .

Student Feedback

The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
Student Support
Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
Fraud Awareness

Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.

The 成人大片 is committed to regular reviews of the courses and programs it offers to students. The 成人大片 therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.

Authorised by:	Deputy Vice-Chancellor and Vice-President (Academic)
Maintained by:	Course Outlines Administrator

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