Contact Us
×

Tag: wealth management courses

Career Choice Comparison: Asset Management vs. Wealth Management

Posted on by Imarticus Learning

Individuals and businesses deal with significant volumes of wealth and assets. Those who wish to focus on assets and the various ways of increasing and monitoring them can opt for asset management jobs. Candidates who are more focused on the overall finances can go for a wealth management degree.

Imarticus Learning’s CIBOP or Certified Investment Banking Operations Professional course offers a curriculum that includes both fields. Students can explore various options and choose their area of expertise at the end of the course.

best investment banking courses with placement in IndiaUnderstanding the Difference Between Asset Management and Wealth Management

Asset management deals with the investments of a company or clients. Asset managers are responsible for the money that clients invest. Asset managers take care of all investments, helping people follow the right procedure to set up accounts and invest in the right areas.

Investors can hire asset managers to assist them in opening accounts, finding the best investment opportunities, and finally making the trades. Asset management involves extensive risk management and research.

Managers need to research the condition of stocks, bonds, mutual funds, ETFs, or other forms of investment vehicles. After analyzing the research data, asset managers can accurately predict where one should invest to get the maximum benefits. Nowadays, asset managers are also responsible for ensuring that all investments are socially responsible.

Some asset managers may work in other aspects of investment management like tax-loss harvesting. An asset manager can at times provide financial advice. Since they have expertise in investment vehicles, individuals or firms that provide ETFs, mutual funds or similar products often hire them to get a better idea of what response their products will receive.

Wealth management deals with a broader view and includes all finances of a company or individual. Wealth managers have multiple tasks. Similar to asset managers, wealth managers have to conduct a risk assessment. A wealth management course usually prepares students for this task. Wealth managers are often hired by company stakeholders or older employees who require retirement planning services. Since wealth management involves monitoring individual wealth, managers can help clients choose the right retirement benefits.

Several clients also hire wealth managers for succession planning and estate planning. Wealth management also often involves the set-up and management of trusts. People who require insurance protection can seek the assistance of wealth managers. Wealth management often includes coverage of liability issues, stock options, and tax planning.

While there are differences in the services provided by asset managers and wealth managers, one also needs to look at the various compensation models. Asset managers usually take commissions. Their fees are based on the type of assets they are managing. Wealth managers, on the other hand, charge on an hourly basis or have flat fees. However, if they too are dealing with assets, their fees may depend on the size and value of those assets.

What Can Candidates Study to Work in Asset or Wealth Management?

Both asset and wealth management has a lot of scope and aspirants can benefit from honing their skills in either field. While there are several wealth and asset management courses, Imarticus Learning’s Certified Investment Banking Operations Professional course teaches students the skills necessary to land lucrative jobs. The institute organizes live lectures where candidates are encouraged to interact with peers as well as instructors.

The curriculum introduces students to financial markets. An understanding of the market trends is beneficial for both asset managers and wealth managers. Risk management is also a huge part of the course as it is extremely important for the industry. Candidates are prepared for interviews in their areas of interest and are guaranteed job interviews once they graduate.

The CIBOP course doubles up as a risk management course in banking and aspirants will benefit from the industry expertise offered. Such a holistic approach increases opportunities for all those who complete this degree.

What Skills Do You Need For Wealth Management?

Posted on by Imarticus Learning

Wealth management is among the most rewarding career opportunities out there for people aspiring to make a career in the banking and finance segment. The global wealth market is valued over $55,000 billion and continues to grow with the rapidly increasing globalization and the use of progressive technology in the financial landscape.

The role of a wealth manager is very dynamic and requires a diverse skill set to succeed in the domain. Before jumping over to skills for wealth management, let’s understand what it entails.

What does wealth management entail?

Wealth management can be understood as an investment consultative services that incorporate a range of financial services to cater to the needs of affluent clients who generally have a very high net worth. It entails advising the client on various investment avenues and financial instruments after assessing their investment needs, objectives and risk appetite, etc.  A wealth manager is more like a financial advisor for wealthy individuals who are looking to manage their finances under expert guidance.

Let’s jump into the skills required to be a successful wealth manager!

Skills for Wealth Management

Wealth Management courses

Now that you know what wealth management entails, you can easily figure out that it requires a diverse skill set to succeed as wealth managers are responsible for holistic wealth management instead of specializing in a specific field.

There are three major skills that you need to hone if you want to be successful as a wealth manager.

 

 

Analytical Skills

You need to have strong analytical skills if you are entering the wealth management domain. You will have to provide personalized recommendations based on the individual circumstances of the client who might have varied objectives.

Wealth Management coursesIn addition to this, you need to assess the performance and risk of various financial assets before making a recommendation. You also need to assess the changing market circumstances before providing any advice to your clients.

Knowledge of financial instruments and markets

The more information you have about various financial products available in the market the better you will be able to guide and manage the wealth of your clients. A deep understanding of the financial instruments and markets is required to provide the best consultancy to the clients.

A clear understanding of the risk associated with any investment is needed to give transparent advice to your client and it will help to build your reputation and maintain long term relationships. You can even opt for wealth management courses to get a comprehensive understanding of the market and financial instruments.

Communication skills and customer service

This one goes without saying, it’s all about assessing the individual needs of your clients, and to do that you will need to have good interpersonal and communication skills. Everything breaks down to you explaining the investment to your clients and if you are not good with the communication part you might not be able to convince your clients.

Wealth Management courses

The customer is at the center of it all and you need to provide the best customer service if you want to maintain a long-term relationship with the clients.

Cybersecurity for Wealth Management Firms: Are You Tailoring Security for Your Specific Risks?

Posted on by Imarticus Learning

Over the past few years, there are various reports of banks and financial firms experiencing a huge number of security breaches. On average, a company that deals with financial services faces 85 to 90 attacks every year, and at least one out of three succeeds.

A Cybersecurity breach is a serious problem faced by every organization. Even though financial firms and companies try their best to keep these attacks at a minimum, success rates of cyber-criminals have begun to increase, and this has become a threat to the world of finances.

This is when the importance of new-age banking training arises. It is crucial for everyone to be well-versed with techniques to avoid such incidents. However, because of a lack of proper training, bank and financial firm employees are unaware of different ways to deal with such situations.

What Are the Biggest Threats Faced by Wealth Management Firms?
There are plenty of different ways cyber criminals try to lure their targets or breach cybersecurity in an organization. Here are a few ways you should know-

  1. Phishing Emails, And Phone Calls

Cybercriminals use the tactic of sending phishing emails and phone calls to people to get information. This is one of the most commonly used strategies with the highest success rates. Any individual may get emails from such people that may look legit and fall into their trap by replying to the same with confidential information.

The cybercriminals also act as individuals willing to take services from wealth management firms and make phone calls to gather information. Such phishing calls can lead to huge data extortion and a breach of cybersecurity.

  1. Malware and Viruses 

Using malware and viruses, cybercriminals attempt to get into a firm’s information drive and steal data. These viruses are sent in links through emails or documents. When someone clicks on those links and opens them, the malware gets activated.

For smaller organizations, the goal is to collect data. However, for a wealth management organization, the reward is huge.

What Can You Do to Educate Your Employees?
As an organization, to avoid such cyber-attacks, there are a few things you should do. Apart from asking your employees to take up new-age banking courses from reliable institutes like Imarticus Learning, you can also educate them in the office. Here’s how –

  1. Educate your employees about the importance of cybersecurity. Teach them the basics of cybersecurity through new-age banking training classes and workshops.
  2. Take help from a reliable IT service provider. Once you know your potential attack surface and its various risks, improve your network security.
  3. Keep an eye on your network activity.
  4. Use various policies like secure passwords and the use of VPN tools to minimize any mobile device risks and casualties.
  5. Enforce proper and practical policies in your network, users, and devices. With the help of a reliable IT team, you can configure them in a way that can impose automatic compliance.

Importance of New Age Banking Training 
The new-age banking training has become very important for anyone who wishes to take up a career in the world of finances. These training sessions will not only help you shape your career as an impeccable wealth management advisor but will also help you learn various ways to combat cybersecurity attacks.

With the help of institutes like Imarticus Learning, now you can take up such new-age banking courses and learn various important lessons. The institute is a prominent one in the market for providing varieties of courses in machine learning, data mining, as well as data science, among many others.

Difference among Relationship, Portfolio & Wealth Manager in banking?

Posted on by Imarticus Learning

Banking careers are prestigious and have been in demand for a number of reasons. Job security, fixed hours, awesome payouts and unending demand being the most notable ones. Wealth management and investment banking are the most sought popular areas in the financial sector and this is where career aspirants with a wealth management course want to be, for the great payouts and benefits. These fields may overlap though they are very different.

Basic differences:
The investment banker is the highest-paid and offers advice and financial services to institutions and corporate entities. They deal with acquisitions and mergers-M&A, stock splits, business restructuring, share buybacks, spinoffs, IPOs, and bond issues. They also help corporate clients in their investments for the short-term. The IB-career after a Wealth Management course is most popular and one should remember that:

  • IB and wealth management do overlap in operations.
  • The bankers in IB have bigger paychecks and obviously, work hours like 80-100 hrs per week.
  • Wealth Managers help individuals invest while IB deals with institutions and corporations.
  • The business owners and HNI clients of the wealth management bankers often need help and advice on M&As, issuances of bonds or IPOs from the banker in IB. The high-value clients are offered the services of a Relationship Manager who is their one-stop go-to for personalized services related to banking.
  • The Portfolio Manager is a specialist who offers his services in advising the WM clients on making investments and managing their portfolios for a fixed fee. Their advice is very popular since they cut-across the equity markets and IB areas. They advise on stocks, bond, IPOs, buy-outs, insurance, commodities and more.

Roles in Investment Banking:

The IB bankers need exceptional soft-skills to excel at financial management of the institutional clients and persuasive communication skills to deal in the multi-billion-dollar deals of the modern world. They advise and harbour the leveraged buyouts or hostile takeovers in M&A deals. It is exciting and pays well since the banks earn a fixed commission on these deals which are shared with the IB banker.

These deals do not happen often and area result of excellent fundamental business evaluation and long hours put in by the IB banker to broker such deals.

The skills of the IB banker are hence very exacting and require knowledge not just of the financial aspects but also across many industrial realms, stock-markets, industry-specific factors, business structures, issuances of IPOs, debentures, bonds and so on.

The market research analyst and the banker who is client-facing both have to collaborate on such deals to make those great presentations of deals, acquisitions, mergers and such.

They do not limit themselves to working only in The Microsoft Excel suite. Rather they make use of many tech tools to analyze huge volumes of data, draw forecasts and predictive insights from extensive research on data, and use their creative skills learned in a wealth management course. In addition to number crunching, operations specialists and account managers in IB also need to collaborate with each other.

Roles in Wealth Management:
Wealth management is a simple enough definition. Wealth managers work with clients on a one-on-one basis as against the IB bankers working with multiples of institutional and corporate clients. They manage the wealth portfolio and charge a fixed fee for their advice and services like portfolio management, managed-account services, investment accounts and such.

Wealth management services are also offered to people who have USD 50,000 to 500,000 and can include HNIs, corporate clients seeking short-term investments, and small clients who need management of their diverse portfolios.

They offer brokerage accounts helping clients to virtually invest in all instruments of their choice and also offer tax planning, retirement planning, and estate planning and management services. They are hence called client relationship managers or investment specialists.

While knowing the client and personally interacting with them is for the communicative relationship manager, the investment specialists effectively deal with the instruments they specialize in like issuances of IPOs, bonds, stocks and such. Such managers work collaboratively and a relationship manager is always assigned to the client to ensure the client’s personalized investments are managed and run effectively and at all times no matter if they are institutional clients or HNI clients.

Conclusions:

The two fields may overlap and the titles may be many. However, it all boils down to training and a wealth management course to be able to cater to diverse exacting job roles. IB is global and the more languages and banking ecosystems of foreign countries you know, the more successful you can become.

Certifications like CFA, Series7 exams and such can put you on a different pedestal. A good training course is ESSENTIAL for all.

Join and enquire at Imarticus Learning today! For more details in brief and for further career counseling, you can also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Banglore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

What Is The Best Way To Learn About Wealth Management?

Posted on by Imarticus Learning

When you have wealth it means you are busy earning it and need someone trustworthy to manage it for you. That’s the wealth manager for you. Wealth management is advisory investment services for affluent HNI persons that offer a range of financial services and products.

Normally the consultative process involves the FA making an investment strategy that is customized and personalized for a particular person and based on his needs and the financial products available.

What the Wealth Manager does:

The WM is your one-stop for investment advice, portfolio management and even services like tax,  estate planning, legal issues, accounting, retirement planning, insurance, and such services. He has probably had some wealth training from a Wealth Management course.

  • Wealth management is advisory investment services for affluent HNI persons.
  • The WM is a highly expert multi-faceted professional who undertakes wealth management for affluent clients at a negotiated fee.
  • Customers benefit as the WM is a single-point of contact for holistically coordinating a wide variety of need-based financial services for wealth management and also undertakes planning for the future.
  • This area is for those individuals who have a corpus and are busy earning while needing someone trustworthy to manage their diverse needs for financial solutions.

Learning about wealth management:

So you want to learn wealth management then the easiest route is to do a wealth management course. Learning money management is a skill that one learns early and it is a vital life soft-skill. Especially so when you are trained in WM and are an expert resource teaching other wealthy people how to manage their wealth effectively in paying investments and also plan for the unknowns of a planned future.

The present market is flooded with resources in WM like podcasts, blogs, books, apps, etc. However, knowing the basics of financial markets, the management of debts, loans, budgets, insurance, mortgages, investing, etc. will aid your career and facilitate it in your future tasks. Let us explore free and good resources for learning prior to undertaking the course in financial education.

The best resources to use are

Tool- Imartcius Learning:

This training provider with a wealth management course has a wonderful repertoire of blogs on every subject under the sun. It also provides you with the resources vital for further action to be taken to further your career, gain certifications, etc using paid courses.

Tool- Mint.com

Mint is a free resource and easily accessible. The online tool is a good personal finance tool that helps with budgeting and reminds you with alerts when you reach your set budget limits. It helps inculcate financial discipline and provides you with a broad perspective of your financial health at a single tap.

Tool- Learnvest

LearnVest is a Forbes-backed financial tool that is like a personalized financial 101 and a helpful free resource rolled into one. You can use it as a course on WM, for learning the basics of saving, as a wealth management course, earning, budgeting, mortgages, taxes, investing and more. You can also use it for deep-learning financial subjects.

Blog- The Simple Dollar

This is a free resource of blogs and is the go-to resource-101 course in insurance, banking, investing, loans, credit and many more. It makes a wonderful resource tool for learning from the start and understanding the basics of strategic well-informed investment decision making.

App-Robinhood App

This app is about brokerage services on mobile phones offering free trading and investor platforms for WM. Targeting the young it profits on the interest of the unused cash balances of investors and makes investments in stocks an easy routine.

Podcast -Stacking Benjamins 

The popular podcast speaks about paying off debt, the strategies in time management, money management, investing in real estate, and a savings guide focused on creating multiple incomes and furthering learning on WM.

Articles- So Money Podcast

Author Farnoosh Torabi the expert journalist and finance expert speaks to thought leaders and entrepreneurs about their businesses, personal experiences, personal finances, money management and more.

Shows- The Tim Ferriss Show 

This podcast has been popular for years now. Ferriss interviews intellects, entrepreneurs, and celebrities discussing their methods, routines, philosophy, and tactics that have made them successful. He brings in light moments covering favorite books, exercise regimens, morning routines, strategy for time-management and much more for personal and financial success.

Conclusion:

Given the number of free resources available learning WM is not difficult. However, doing a wealth management course at Imarticus Learning gives you the opportunity to use case-studies, assignments, tests and project work as a crucial step to further your career. They also offer assured placements as a Wealth Manager and get you job-ready very quickly indeed.

For more detailed information regarding this in brief and can drop your query by filling up a simple form through the site or can contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Banglore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

All the best in your WM career!

How Can You Build A Wealth With Stock Market?

Posted on by Imarticus Learning

How Can You Build A Wealth With Stock Market?

If you sell high and buy low you can make your wealth from the stock markets. If you make your millions just remember you can lose it overnight if you do not have a game-plan in place. It takes dedication, hard work, sound investment analysis, oodles of patience, excellent planning, and tons of commitment to do so.

Doing a wealth management course at Imarticus Learning is not only good to practice the technical skills of the trade, but also to accumulate and use the following essential attributes into your daily Rota while chasing success and not money in the stock markets.

Assessment of the self:

No one-size-fits-all investment plan exists. So, personalize your plans with accurate and honest self-assessment. All investments in the stock markets are risky. Check if you know your stuff and how to handle the few losses you are bound to make. Don’t put your career stake. Use money.

Your objective:

Your goals and objectives count. If you have no idea where you are going, no targets, etc then your investments will be haphazard. So set your targets and decide your objectives before investing.

The starting point:

Your financial situation currently is your starting point. So, analyze your net worth statement which lists your debts and assets. The difference is your net worth.

Check your resources:

Check your investment potential of liquid assets, cash-in-hand and assets not readily accessible like your fixed assets. Make a plan for the cash-flow statement or the difference between your monthly incomes versus your monthly expenses. Invest it wisely.

The broker’s role:

Stocks get traded at major exchanges and over-the-counter platforms. You will need a broker to trade. If you are unsure of doing your investments alone through online brokerage firms, you can hire and seek the advice of a full-service broker. You can also check out the direct stock purchase plans where you do not need a broker. Mutual Funds also compete in offering shares to investors. Between the two ends are the brokerage firms who offer discounts, commissions, and limited services in trading on the stock market.

Know your opportunities:

Understand your investments well through research and/or the professional’s advice. Don’t invest if you are unsure.

Diversify:

According to the U.S. Securities Commission if you are a long-term player diversification ensures a good spread of risks. It ensures your losses are limited.

Don’t horde:

Never get attached to your stocks and don’t horde them. When you sense the opportunity is right to make a killing or cut-losses this advice helps ensure you don’t lose all your money.

Cut losses:

Stocks always fluctuate. But if the downward trend is consistent then cut loses by selling and trading in the in-exchange deals. Go by your instincts and analysis as it is your money and your research analysis that matters most.

Start now:

The best advice in any career it the start is to begin and never stop thereon. Wealth doesn’t come in overnight. It does take years to accumulate it in small bits and good 15-years according to SEC’s Investor.gov. If you start early time is your ally. If not then it works against you in accumulating wealth.

Do a course:

It is strongly recommended you do a Wealth management course to hone your skills in wealth management. Did you know that the courses at Imarticus Learning offer wealth management career aspirants mock interviews, assured placements, and soft-skill development too as part of their course learning? Whether your plans include joining a firm or being independent you will benefit from the real-time case studies, assignments and project work which are part of the syllabus. You can even get prepared for the CWM certifications which help you find dream jobs. Why wait then? Join today!

Conclusion:

If you sell high and buy low you can make your wealth from the stock markets. Besides just being a technical wizard at such transactions you need to train yourself with a host of attributes that are not taught in colleges such as personality development or soft-skill training. Your syllabus at the Imarticus course has these vital models included in it.

Imarticus Learning’s wealth management course can teach you how to make this possible. Join the course today! For more details in brief and for further career counseling, you can also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Bangalore, Hyderabad, Delhi, and Gurgaon.