| Dates | Location | Tuition |
|---|---|---|
| May 3, 2009 - May 8, 2009 | Philadelphia | $9,250 |
| Aug 16, 2009 - Aug 21, 2009 | Philadelphia | $9,250 |
Wealth comes to families in many forms. It may arrive predictably or suddenly. Preparedness is a major concern for all families with substantial assets.
Families recognize that when the concentration of knowledge and experience resides with a patriarch or office executive, it can prevent other family members from fully assuming responsibility for wealth management. Few resources have been available to help families meet the complex challenge of wealth management education.
In collaboration with the Institute for Private Investors, Wharton offers Private Wealth Management for Investors, a five-day residential program. This joint offering was developed to help families gain the foundation of knowledge necessary to oversee substantial private wealth.
The program also allows participants to meet and work with others who, like themselves, are part of a family with substantial assets. The case study for the program will be directly related to private wealth management issues.
Tuition for Philadelphia programs includes lodging and meals. Prices are subject to change. Program Consultants are available to provide more information on course specifics and discuss how this program might meet your needs. Please contact them by telephone at +1 215.898.1776 or by e-mail.
Through class lectures and interactive casework, participants will increase their depth of knowledge in key areas of wealth management.
The use of a "living" case study compels participants to come to terms with a wide range of investment issues that directly impact all families with significant wealth. Participants will call upon their own experiences, as well as knowledge gained during the week, to solve the problems presented. Learning is enhanced by the continual exchange among participants who have a common bond — that of the responsibility of significant wealth.
Private Wealth Management Session Topics
- History of Financial Markets
- Asset Allocation
- Modern Portfolio Theory
- Evaluation of Investment Managers
- Alternative Investments
- Family Governance and Wealth Transfer
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The Private Wealth Management program will be for family investors only and held to a maximum of 35 participants. Class size is limited to allow for open and in-depth interaction. Candidates are selected on their ability to both benefit from, and contribute to, the program. Each candidate will be reviewed by a screening committee and notified of their acceptance or wait-list status within two weeks of their application.
We encourage families to send multiple members to leverage the application and value of the program. Additional cohort benefits are available when four or more participants attend a program.
Participant Demographics:
As of August 2008, 490 participants from 29 countries are graduates. Participants’ ages vary, ranging from 20s to 80s.
After this program you will:
- Gain a thorough understanding of Modern Portfolio Theory and its applicability to your family’s asset allocation decisions in today’s markets.
- Understand performance measurement and attribution and be able to partner with your money managers in directing the future of your wealth.
- Learn how to refine your own views of risk and financial goals in light of recent global financial events.
- Gain insight and suggestions regarding the best practices in family governance and wealth transfer.
- Develop a network of peers who face the same issues as you in managing substantial assets.
RICHARD
C.
MARSTON, PhD
Professor of Economics
Director, Weiss Center for International Financial Research
The Wharton School
Dr. Marston regularly participates in the Investment Management Consultants Association (IMCA) Program and the Advanced Management Program. He is also director of the Institute for Private Investors Program at Wharton.
Dr. Marston has given presentations in more than a dozen countries in Europe, Latin America, and Asia. He has also given presentations for a number of securities firms in the United States, including most recently Merrill Lynch, Lincoln Financial, and Smith Barney. His work has been widely cited in the press, including publications such as Barron's, the Financial Times, Newsweek, and The Wall Street Journal, and he has also appeared on television programs such as the Nightly Business Report and on CNBC.
CHARLOTTE
B.
BEYER
Institute for Private Investors
CHARLES
E.
DWYER, PhD
Graduate School of Education, University of Pennsylvania
CHRISTOPHER
C.
GECZY, PhD
Academic Director, Wharton Wealth Management Initiative
The Wharton School
Professor Geczy is a Fellow of the Wharton Financial Institutions Center and has been the New York Stock Exchange Fellow and the Geeweax-Turker Fellow at the Rodney L. White Center for Financial Research at Wharton. He has a BA in economics from the University of Pennsylvania and a PhD in finance and econometrics from the Graduate School of Business at the University of Chicago. Before his studies at Chicago, Professor Geczy worked for the Board of Governors of the Federal Reserve System, Washington, D.C., in its Division of Research and Statistics. He regularly teaches investment management, and co-created the first full course on hedge funds at the Wharton School along with a number of executive education courses. He has taught AIMR-accredited professional risk management courses through the University of Chicago's Graduate School of Business. Dr. Geczy also has appeared often in the annual Institute of the Securities Industry Association®, speaking about hedge funds and alternative investments. He is on the Economic Advisory Board of the NASDAQ, serves on the editorial board of the Journal of Alternative Investments, is a founding board member of the Mid-Atlantic Hedge Fund Association, and serves on the curriculum and exam committees of the Chartered Alternative Investment Analyst Association.
Professor Geczy has consulted for clients in the areas of asset allocation, hedge fund portfolio analysis and development, financial risk management, and the development of investment and trading strategies.
JEFFREY
JAFFE, PhD
The Wharton School
"Thank you for the challenging, stretching and ultimately rewarding educational experience of the Wharton Private Wealth Management Program. As you know, there is absolutely a need for the program you have created…. One of the best features is that it is a comprehensive look at all of the major concerns in private wealth management, and thus clears up the question, 'Is there anything I have forgotten to consider?' Thank you."
– A May 2008 graduate
"I need to tell you how profound this past week was. I could never have predicted it was going to be the way it was, and it was such a great experience for many of us. Even if we go home and quickly disappear into our lives, I just know there is much that happened on such a deep level that it will persist for many years. In fact, I think many lives will end up being affected, in very positive ways. (For example, one of my peers may finally have a family meeting with his estranged sister and parents, a meeting he couldn't even dream of having before this week – and we role played with him in the bar until the wee hours, using what we learned with the behaviorists.) So thanks."
– A May 2007 graduate
"The Wharton program was out of this world. I loved everything about it — the quality of the instructors, the fact that it really fills a void, the interaction with the other participants, and spending a week with my family. Frankly, I found it so beneficial that I want to do it again."
—An August 2006 graduate
"[Wharton] was basic enough for the nonfinancial family members and an excellent refresher course for those with extensive financial backgrounds. It also touches on nonfinancial issues faced by families of wealth that are often overlooked in courses of this type, which can help the nonfinancial and the financially trained members of a family understand each other better."
—Recent graduate
"Thanks so much for an incredible learning experience last week. It was a real privilege to be taught such important skills by such high-caliber professionals."
—A 2006 graduate
"The best investor education I know is to attend the Wharton program. We have sent all of our children AND their spouses. It has been a homerun for our family. Even my art-loving daughter-in-law now wants to know how the managers are doing and what changes are being made in the asset allocation."
—A 2004 graduate