Advising the Wealthy
Free CFA Level III: Private Wealth lesson in Advising the Wealthy. 17 min read, ~2,610 words.
Citizenship, nationality, and tax residency are three different concepts. Only the US and Eritrea tax on citizenship; most jurisdictions tax on residency or domicile. Economic net worth equals financial capital plus the present value of human capital minus the present value of liabilities and consumption needs. Advice maximizes the sum...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Check Your Understanding
- Exam Shortcuts
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