CORPFIN 3004 - Global Wealth Management

North Terrace Campus - Semester 2 - 2020

This course is taught by a diverse team of specialised lecturers and industry experts and looks at the structure and strategies of the Wealth Management industry in the Asia Pacific region. It explores the needs of high net worth investors and the asset classes that they invest in. The rapid growth of private banking and family offices are explored in detail. Private Banking is an exclusive subset of wealth management. We will examine traditional services offered by private banks as well as the newer solutions, such as robo advice, in this space. Emphasis will be placed on understanding the client segmentation strategies of private banks in Asia. In addition, we explore the needs, behaviours and investment strategies of millennials, next generation investors, endowments and foundations. Sustainable investing and how and why it has become a key area of interest for both wealth managers and investors will also be explored.

  • General Course Information
    Course Details
    Course Code CORPFIN 3004
    Course Global Wealth Management
    Coordinating Unit Business School
    Term Semester 2
    Level Undergraduate
    Location/s North Terrace Campus
    Units 3
    Contact Up to 3 hours per week
    Available for Study Abroad and Exchange Y
    Incompatible CORPFIN 6004, CORPFIN 6013
    Course Description This course is taught by a diverse team of specialised lecturers and industry experts and looks at the structure and strategies of the Wealth Management industry in the Asia Pacific region. It explores the needs of high net worth investors and the asset classes that they invest in. The rapid growth of private banking and family offices are explored in detail. Private Banking is an exclusive subset of wealth management. We will examine traditional services offered by private banks as well as the newer solutions, such as robo advice, in this space. Emphasis will be placed on understanding the client segmentation strategies of private banks in Asia. In addition, we explore the needs, behaviours and investment strategies of millennials, next generation investors, endowments and foundations. Sustainable investing and how and why it has become a key area of interest for both wealth managers and investors will also be explored.
    Course Staff

    Course Coordinator: Dr Andrew MacDonald

    Course Timetable

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

  • Learning Outcomes
    Course Learning Outcomes
    On successful completion of this course students will be able to:

    1. Identify the key trends that are shaping the wealth management industry. Global issues are explored with emphasis placed on Asia Pacific examples.
    2. Compare the structures, operations, solutions and strategies of Private Banks and Family Offices in the Asia Pacific region
    3. Examine the importance of client segmentation strategies
    4. Explain the characteristics of various investor segments including; millennials, endowments and foundations, women and next generation.
    5. Determine the core requirements of AML/CDD and KYC regulatory obligations.
    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)
    Deep discipline knowledge
    • informed and infused by cutting edge research, scaffolded throughout their program of studies
    • acquired from personal interaction with research active educators, from year 1
    • accredited or validated against national or international standards (for relevant programs)
    All
    Critical thinking and problem solving
    • steeped in research methods and rigor
    • based on empirical evidence and the scientific approach to knowledge development
    • demonstrated through appropriate and relevant assessment
    1, 2 & 4
    Teamwork and communication skills
    • developed from, with, and via the SGDE
    • honed through assessment and practice throughout the program of studies
    • encouraged and valued in all aspects of learning
    2 & 3
    Career and leadership readiness
    • technology savvy
    • professional and, where relevant, fully accredited
    • forward thinking and well informed
    • tested and validated by work based experiences
    All
    Intercultural and ethical competency
    • adept at operating in other cultures
    • comfortable with different nationalities and social contexts
    • Able to determine and contribute to desirable social outcomes
    • demonstrated by study abroad or with an understanding of indigenous knowledges
    1 & 3
    Self-awareness and emotional intelligence
    • a capacity for self-reflection and a willingness to engage in self-appraisal
    • open to objective and constructive feedback from supervisors and peers
    • able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate
    1 & 4
  • Learning Resources
    Required Resources
    Additional readings will be advised to students and listed under each topic in the MyUni web-site, course materials.
  • Learning & Teaching Activities
    Learning & Teaching Modes
    The course will be primarily delivered through three activities:

    - Lectures
    - Assignments
    - Tests

    Lectures will introduce and motivate the basic concepts of each topic. Significant discussions and two-way communication are also expected during lectures to enrich the learning experience. The assignment will reinforce theoretical concepts by their application to problem solving. This will be done by using case studies. All material covered in the lectures and assignments are assessable.
    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 for a three-unit course you are expected to commit approximately 9 hours of private study outside of your regular classes. This time commitment will include reading relevant materials, preparing for seminars, and other assessment tasks.

    Learning Activities Summary
    Week Topic
    Week 1 Introduction to Wealth Management
    Week 2 Private Banks in Asia
    Week 3 HNW/UHNW Client Segmentation Strategies
    Week 4 The Rise of Family Offices
    Week 5 Endowments and Foundations
    Week 6 Test week
    Week 7 Intergenerational Wealth Transfer
    Week 8 Millennials and Wealth Management
    Week 9 Robo-advice and Asset Allocation
    Week 10 Anti Money-laundering (AML), Client Due Diligence (CDD) and Know Your Client (KYC)
    Week 11 Sustainable Investing and Funds Management
    Week 12 Course Review and Exam Details
  • Assessment

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

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

    Assessment Summary
    Assessment Task Weighting Due Learning Outcome
    Test – 1 Hour Multiple Choice Questionnaire (Closed book) 20% Week 6 (Lecture) 1 & 2
    Group Assignment 30% Week 11 1, 3 & 4
    3 hour CLOSED book Final Exam 50% Exam week ALL
    Total 100%
    Assessment Detail
    Test – 1 hour multiple choice questionnaire (20%):
    A short form multiple choice in-course assessment, with a 20% weighting, will be undertaken by students in week 6. The assessment will enable students to receive early feedback on their progress in the course.

    Group Assignment (30%):
    This is a group assignment in teams with a maximum of 3 students.
    Students will be provided with a UHNW OR Family Office case study and will need to consider the appropriate segmentation strategy and develop an approach to delivering a tailored-client investment solution.

    Exam (50%)
    All students must complete a 3 hour closed book exam. Topics will be set by the course lecturers covering topics through weeks 1-5, 7-11.

    Students must complete ALL assessment components for this course.
    Submission
    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.
    • The lecturer will advise method of delivery for the assignment

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

    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.
    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 Access Adelaide.

  • 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
  • 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’s disciplinary procedures.

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