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Home » RSM2315H – The Management of Private Wealth

RSM2315H – The Management of Private Wealth

General Information


Applicable Major(s):
(c) = Core, (r) = Recommended

  • n/a

Target Audience

This course focuses on the financial management issues faced by private wealth holders. It will be of interest to students who aim to work in the private wealth market or who want to better understand wealth management for their own personal and family purposes.


12 regular sessions and one extended group presentation class.

Course Mission

The goal of the course is to help students develop an understanding of the unique financial management problems and opportunities faced by individuals and families of wealth, and the practical, integrated approaches to dealing with them. We also want to help students see and be able to apply the integrated approach required in the management of private wealth.

Course Scope

The course covers the following major topics:

  • Understanding and quantifying client objectives
  • The individual life cycle and its impact on financial planning
  • The management of personal and market risk
  • Asset allocation decisions and investment management
  • Tax, insurance and estate planning
  • Alternative investments, real estate and private equity
  • The impact of family dynamics and communication on the wealth management process
  • Succession planning for family businesses and private wealth

Evaluation and Grade Distribution

ComponentDue DateWeight
Class ParticipationOngoing15%
AssignmentWeek 310%
Test #1Week 625%
Test #2Week 925%
Group Report/PresentationWeek 1225%

Required Resources

Textbook: Wealth of Wisdom: The Top 50 Questions Wealthy Families Ask, Tom McCullough and Keith Whitaker, and articles from various respected financial journals.


Last Updated: 2021-06-17 @ 9:25 am