| Purpose of Programme |
Course Description and Scope
This course covers the roles and obligations of an investment advisor and the process for providing investment advisory. The process starts with knowing the roles and obligations of an investment advisor, the client’s risk profile, needs and product suitability. This is followed by designing the investment solution based on the investment policy statement, managing, reviewing and monitoring the portfolio. Investment advisory is a critical part of wealth management. Through an investment advisor, clients are able to make better informed decisions on their investments taking into consideration their risk profile, needs and product suitability. The course provides a holistic approach to client-centric investment advisory.
Course Learning Objectives
By the end of this course, students will:
1. Investment Advisory
a. Roles and obligations of an investment advisor
b. Client risk profile
c. Client needs and product suitability
d. Understanding clients’ behavioral biases
2. Designing Investment Solutions
a. Investment policy statement
b. Asset allocation
i. Strategic and Tactical
ii. Core and Satellite
3. Portfolio Management Process
a. Investment cycle vs economic cycle
b. Top-down and thematic approach
c. Bottom-up securities selection
d. Portfolio optimization and rebalancing
4. Portfolio Review and Monitoring
a. Performance measures
b. Risk-return evaluation
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