Wealth Planning
Free CFA Level III: Private Wealth lesson in Wealth Planning. 32 min read, ~4,732 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. Bond-like human capital justifies equity-heavy financial capital; hedge longevity with annuities or extended fixed income. Insure human capital risks: life...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Check Your Understanding
- Exam Shortcuts
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