Master’s degree in Banking and Finance

Private banking and wealth planning

Course code
4S006070
Name of lecturer
Emanuele Maria Carluccio
Coordinator
Emanuele Maria Carluccio
Number of ECTS credits allocated
9
Academic sector
SECS-P/11 - FINANCIAL MARKETS AND INSTITUTIONS
Language of instruction
Italian
Site
VERONA
Period
secondo semestre (lauree magistrali) dal Mar 1, 2021 al Jun 1, 2021.

Lesson timetable

Go to lesson schedule

Syllabus

A. PRIVATE BANKING
1. The advisory service to private clients: the goals to be reached and the different players in the sector.
2. The fee based advice versus the rebates based advice.
3. The Rules and the Guideliness to be followed in the advisory service: from the "know your customer rule" to the "product governance framework".
4. The strategic asset allocation: putting Markowitz at work.
5. The tactical asset allocation.
6. The mutual funds evalution: how to map and how to rank them.
7. From asset allocation to product allocation.
8. How to measure the MWRR and TWRR and the performance attribution process.

B. WEALTH PLANNING
9. Family business and private wealth.
10 How to protect the private wealth.
11. Estate planning and fiscal optimisation for the family business and for the private wealth.
12. How to organize in the private banking sector the wealth planning activity.

Text Books:
For people attending the classroom: slides, case studies, papers, selected meterials deliverd during the lessons.

For people not attending the classroom:
I. BASILE, M.D. BRAGA e P. FERRARI (a cura di), Asset management e investitori istituzionali, II edizione, Pearson, 2019, capitoli: 2, 3, 4, 5, 6, 7, 8, 9.
Selected materials to be asked to the course coordinator.

Reference books
Author Title Publisher Year ISBN Note
Basile Ignazio, Braga Maria Debora, Ferrari Pierpaolo (a cura di) Asset management e investitori istituzionali Pearson 2019

Assessment methods and criteria

The final examination will be written trough a first part with multiple choice and a second part trough case studies.
In the summer session, due to the peculiar situation linked to COVID 19, the final examination will be organized as follow:
- for people attending the classroom, in written format;
- for people not attending the classroom, in oral format.



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