Private Banking & Wealth Management - Part 4

Private Banking & Wealth Management - Part 4

Overview

Behavioral finance uses psychology-based theories to explain irrational investor decisions. An understanding of behavioural finance is crucial to identify and eliminate wealth-destroying behavioural biases. This tutorial looks at the key services provided by private banks and wealth management firms in the areas of deposit-taking and transaction banking. It explores the range of banking and other wealth services to high net worth clients who live and work abroad or have substantial business dealings overseas.

Objective

On completion of this tutorial, you will be able to:
- Recognise the importance of behavioural finance and prospect theory in understanding the motives and actions of private clients
- Identify the key behavioural biases that lead to suboptimal investment decisions
- Recognise how private wealth managers discuss behavioural biases and investment risk with clients
- Identify the key deposit-based products offered by private banks and wealth management firms
- List the key transaction banking services required by private wealth clients
- Recognise the importance of international banking services for high net worth clients who live and work abroad

Content

Module 1: Private Wealth Management - Behavioral Finance
Topic 1: Behavioral Finance & Investor Rationality
Topic 2: Investor Behavioral Biases

Module 2: Private Wealth Management - Banking & Deposit Services
Topic 1: Deposit-Taking Services
Topic 2: Transaction Banking & Payment Services
Topic 3: International Banking & Wealth Services

Details

Code
TEPWM17002101
Venue
ePlatform
Language
English
Level
Introductory
Hours
SFC:2.0, PWMA:2.0
Fees
All Member: HK$520
Non-Member: HK$740
Staff of Corporate Member: HK$520