Description
Introduction
Private Banking is one of the pillars of the Luxembourg financial centre and the ever growing complexity of this business requires that a private banker possesses a solid knowledge of the financial instruments and their use as investment vehicles.
Objectives
This programme provides an introduction to advanced issues of private banking.
More specifically, it deals with the pillars of private banking: investment products, advisory and wealth planning.
It also deals with practical examples of portfolio allocation taking into account client preferences and presenting various allocation possibilities, among others related to risk budgeting and liquidity planning.
The session is conceived as a workshop over 3 days with practical examples and quizzes so that the participants get a practical grasp of the matter.
Programme
Investment Products
1. General overview of wealth management
2. Equities
3. Debt Investments
4. Derivatives
- Options
- Futures and forwards
- Swaps
Advisory Services
1. Classical advisory processes
- Risk and Return
- From volatility to Value at Risk
- Portfolio management theories and processes
- Global asset allocation
- Active versus passive processes
- Performance measures
2. The use of investment funds
- What is a fund: company law and fund law regimes
- Fund industry, asset allocation and offer
- Luxembourg and the industry
3. Absolute performance processes and hedge funds
4. Managing through structured products
5. Active Edging processes
- Equities hedging
- Currencies hedging
Wealth Planning, international schemes and views
1. Knowing your customers
2. The financial planning process
3. The estate planning process
4. Family office and family governance
5. Wealth planning tools
6. The golden visa
7. Mifid II reglementation in Europe
Target Audience
Private banking semi-senior and senior relationship managers, product managers and high potentials of commercial banks, commercial staff of asset management firms, family offices, investment advisors, as well as portfolio and risk managers catering for private clients.
Modalities
Course Material
Please note that for environmental reasons no paper version of the training material will be provided for your training. The course material can be downloaded free of charge via your portal before the start of the course (download the Client Portal User’s Guide here ). You will be able to view it on the screen of your mobile device or print it if necessary. If your registration has been made by a training manager of your company please contact him/her so that he/she can give you access to it or send it to you.
Exam
No exam is available for this training.
Contact
For further questions please contact our partner in your country