Wealth Planning
Free CFA Level III: Private Wealth lesson in Wealth Planning. 31 min read, ~4,662 words.
Goals-based planning segments wealth into buckets (essential, important, aspirational, legacy), each with its own time horizon, required success probability, and asset allocation. Total wealth equals human capital plus financial capital. Insure human capital with life and disability coverage. Hedge longevity with annuities or extended fixed income. Asset location (which wrapper)...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
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