WHARTON PRIVATE WEALTH MANAGEMENT PROGRAM
Delivering best in class investor education for the Next Generation

The Private Wealth Management Program at Wharton will be held on May 5–10, 2019 and August 4–9, 2019 in Philadelphia.

Given recent market events, many families seek more education on how to better protect their wealth. Wealth in transition may arrive predictably, or suddenly. Preparedness is a major concern for all families with substantial assets. For more than 20 years, The Wharton School and the Institute for Private Investors (IPI) have helped families meet the complex challenge of wealth management education.

Many families find that investment decisions are difficult to make, especially after a family has sold a business or when younger family members are first asked to help make decisions about a family’s portfolio. To gain the foundation of knowledge necessary to oversee substantial private wealth, Wharton offers Private Wealth Management, a five-day residential program annually at the University of Pennsylvania, and a four-day program (new in 2013) held at Wharton San Francisco.

The program, first designed for IPI in 1999, allows participants to increase their depth of knowledge in key areas of wealth management, while having the unusual opportunity to meet and work with others, like themselves, who are part of a family with substantial assets. The case study for the program is directly related to private wealth management issues and current market challenges.

The Wharton School
Wharton is also one of the world's best-known centers of investment finance. The faculty involved in the Private Wealth Management program has had extensive experience in the investment industry, educating professionals as well as providing consulting advice about investments.
An immersive, interactive and intellectually challenging, five-day wealth management program in collaboration with the Wharton School of the University of Pennsylvania.
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The Wharton School

Founded in 1881 as the first collegiate business school, the Wharton School of the University of Pennsylvania is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education. With a broad global community and one of the most published business school faculties, Wharton creates economic and social value around the world. The School has 5,000 undergraduate, MBA, executive MBA and doctoral students; more than 9,000 annual participants in executive education programs; and a powerful alumni network of 95,000 graduates. 

Wharton is also one of the world's best-known centers of investment finance. The faculty involved in the Private Wealth Management program has had extensive experience in the investment industry, educating professionals as well as providing consulting advice about investments.

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Faculty
Wharton faculty scheduled to instruct at the Private Wealth Management Program are highlighted below. These faculty members are actively involved in the CFA Institute, Securities Industry Institute and Investment Management Consultants Association (IMCA) programs at Wharton. In addition, you will be able to call on the expertise of guest lecturers invited by IPI.
Wharton faculty scheduled to instruct at the Private Wealth Management Program are highlighted below.
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Faculty

Wharton faculty scheduled to instruct at the Private Wealth Management Program are highlighted below. These faculty members are actively involved in the CFA Institute, Securities Industry Institute and Investment Management Consultants Association (IMCA) programs at Wharton. In addition, you will be able to call on the expertise of guest lecturers invited by IPI.

Richard C. Marston

is the James R.F. Guy Professor of Finance at the Wharton School of the University of Pennsylvania. A graduate of Yale College and MIT where he received his PhD, Professor Marston was also a Rhodes Scholar at Oxford University. He has taught asset allocation for over twenty years in the CIMA Program sponsored by the Investments & Wealth Institute™, formerly called IMCA. He is a past recipient of the Institute’s Matthew R. McArthur Award for outstanding contributions to investment management. Since 1999, he has been faculty director of Wharton Executive Education’s Private Wealth Management Program, a week-long program for ultra-high net worth investors. Professor Marston has lectured on investments throughout the U.S. and in over a dozen foreign countries. He is the author of numerous articles and books including Portfolio Design: A Modern Approach to Asset Allocation, and Investing for a Lifetime.

A Wall Street veteran and entrepreneur, Charlotte Beyer has been identifying changes in the culture and dynamics of wealth management since 1992. Beyer founded the Institute for Private Investors [IPI] to help improve the relationship between wealthy investors and their financial advisors and is co-creator of the first Private Wealth Management curriculum for ultra-high-net-worth investors at The Wharton School of the University of Pennsylvania. Named an Aresty Fellow at Wharton in 2016, Beyer is also the recipient of the Lifetime Achievement Award from Family Wealth Report and the J. Richard Joyner Wealth Management Impact award from the Investments & Wealth Institute™ Investments (formerly IMCA®). Her 2nd edition of Wealth Management Unwrapped was published by Wiley Finance in 2017.

Upon retiring as CEO of IPI in 2012, Beyer founded the Principle Quest Foundation, a private foundation whose mission is to support innovative education and mentoring programs for women of all ages. A lifetime trustee of the Westover School, an all-girls school, Beyer was featured in the Wall Street Journal Donor of the Day column in 2011.

Currently serving on the global association board of 100 Women in Finance and on the Ambassador Board of Institutional Investor’s Journal of Wealth Management, Beyer remains active in various industry groups. She is a member of the Security Analysts Board of Regents for the CFA Institute and the CFP Board’s Women’s Initiative Council in Washington D.C.

Christopher C. Geczy Christopher is the academic director of the Wharton Wealth Management Initiative and of the Jacobs Levy Equity Management Center for Quantitative Financial Research. He has been on the Finance faculty at Wharton since 1997. He has served on the staff of the Board of Governors of the Federal Reserve, on the Economic Advisory Board of NASDAQ, as chairman of the Mid-Atlantic Hedge Fund Association, and on the editorial boards of the Journal of Alternative Investments and the Journal of Wealth Management.

Joseph Gyourko’s research interests include real estate finance, local public finance, and urban economics. Formerly co-editor of Real Estate Economics, Professor Gyourko also serves on the editorial boards of various real estate economics and finance journals. Professor Gyourko is (Nonresident) Senior Fellow at The Brookings Institution and a trustee of the Urban Land Institute (ULI). In addition, he serves as an ex officio member of the Real Estate Roundtable’s Research Committee. Finally, Professor Gyourko serves on the board of EII Realty Securities, a real estate mutual fund, and is a Senior Advisor to and board member of AMC Delancey, a private real estate company headquartered in Philadelphia. Professor Gyourko received his BA from Duke University and a PhD in economics from the University of Chicago.

Best known for his work on insider trading, Jeff Jaffe has research interests that include corporate finance, investments, money management, and the effects of information on the behavior of security prices. He also has researched initial public offerings, regulation of utilities, the behavior of markets, the fluctuation of gold prices, the theoretical effect of inflation on the interest rate, the empirical effect of inflation on capital asset prices, the relationship between small capitalization stocks and the January effect, persistence in merger performance, and the capital structure decision.

A Wharton faculty member since 1973, Jeff received the Wharton Evening School’s Outstanding Professor Award for 1989-1990. Jeff has been a frequent contributor to finance and economic literature in journals including the Quarterly Economic Journal, The Journal of Finance, The Journal of Financial and Quantitative Analysis, The Journal of Financial Economics, and The Financial Analysts’ Journal.

A former member of the Board of Directors of the American Finance Association and the NASD Economic Advisory Board, Craig MacKinlay has research interests that include empirical implementation and validation of asset pricing models, measuring investment performance, pricing of futures contracts, microstructure of financial markets, assessment of credit risk, and statistical methods in finance. In addition to teaching, he is also a Research Associate of the National Bureau of Economic Research. Craig is the co-author of two books, the Econometrics of Financial Markets and A Non-Random Walk Down Wall Street.

 

Bilge Yilmaz is the Wharton Private Equity Professor and professor of finance at the Wharton School. Prior to his current appointment, he was a faculty member at the Graduate School of Business, Stanford University. He received his first degrees in electrical engineering and physics from Bogaziçi University and his PhD in economics from Princeton University.

Professor Yilmaz’s research focuses on corporate finance, alternative investments, and political economy. Recently, he has written on corporate governance, credit rating agencies, hedge funds, private equity, security design, short-selling constraints, corporate bankruptcy, and banks’ internal risk models. His earlier articles appeared in leading academic journals including the top three in the field: Econometrica, American Economic Review, and Journal of Political Economy.

 

 

 

 

 

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Program Format
Through class lecture and interactive casework, participants will increase their depth of knowledge in key areas of wealth management while having the unusual opportunity to meet and work with others who, like themselves, are part of a family with substantial assets. As part of the core curriculum, the Private Wealth Management Program places you within the Currency Family, a fictitious family with business and investment interests worldwide.
Through class lecture and interactive casework, participants will increase their depth of knowledge in key areas of wealth management
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Program Format

Program Dates

Private Wealth Management Program at Wharton Philadelphia will be held on May 5-10, 2019.

Private Wealth Management Program at Wharton Philadelphia will be held on August 4-9, 2019.

Program Highlights & Benefits
In Private Wealth Management, you will:

  • Increase your depth of knowledge in key areas of private wealth management
  • Learn the latest thinking in modern portfolio theory, global markets, asset allocation, family governance, and manager selection
  • Meet and collaborate with others who are also part of a wealthy family and have the need for family asset management

Experience & Impact

Regardless of whether you are transitioning leadership from one generation to another, selling a business, or simply trying to make better decisions regarding your family‘s wealth, Private Wealth Management offers a unique learning opportunity. This immersive, five-day course will give you the knowledge and the confidence needed to achieve your wealth management goals.

The program, first designed for the Institute for Private Investors (IPI), allows participants to increase their depth of knowledge in key areas of wealth management, while having the unusual opportunity to meet and work with others, who like themselves, are part of a family with substantial assets. The case study for the program is directly related to private wealth management issues and current market challenges.

Wharton faculty — led by Professor Richard C. Marston, a leading expert on international investing — apply their field-based research and the latest strategic insights to help you broaden your perspective on how to make your organization more competitive.

Session topics include:

  • Performance Measurement and Manager Evaluation
  • Historical Returns in Markets
  • Post-Crisis Markets
  • Modern Portfolio Theory
  • Family Governance and Wealth Transfer
  • Asset Allocation
  • Benchmarks
  • Hedge Funds: Evidence and Case Studies
  • Wealth Management Unwrapped

As part of the core curriculum, the program places you within the Currency Family, a fictitious family with business and investment interests worldwide. You and your fellow participants will make decisions that will affect the family’s wealth and members of the family for generations to come.

This distinctive Wharton experience uses class lectures, interactive casework, and participants’ personal experiences to increase your depth of knowledge in key areas of wealth management and prepare you to apply it to your own situation.

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Evaluation
Feedback from our graduates
Feedback from our graduates
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Evaluation

What Graduates Have Told Us

"I have had very few lectures where the professor/lecturer is able to meet everyone’s capability level or level of understanding without patronizing them. This was fantastic!"

"Really made me understand and appreciate my own situation and start me thinking about how I’ll handle all this with future generations."

"This program is so unique and such a fabulous idea, it will get better every time. Just keep accommodating specific needs as much as possible."

"A rare privilege to hear from some of the best minds in executive education."

"One of the best features of the program is that it is a comprehensive look at all of the major concerns in private wealth management, and thus clears up the question, 'Is there anything I have forgotten to consider?'"

"I expected to come here and have a stiff and uptight experience, but I really met people that I will stay in touch with, will draw me to other IPI events. I think in the long run the networking and learning from each other, being a 'grad' of this school will really encourage growth."

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Who Should Attend
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Who Should Attend

Private Wealth Management is designed for family members whose family is in transition from illiquid to liquid assets, or whose leadership is shifting from one generation to the next. The program also attracts financially sophisticated individuals who seek a more disciplined strategy for today’s financial markets and individuals looking for a current and rigorous curriculum on wealth management.

Participants in this program are a diverse group of global investors from multiple geographies. Faculty tailor the program content to reflect the needs of the participants, so they enjoy an executive education experience that truly resonates with them and meets their learning needs.

Fluency in English, written and spoken, is required for participation in Wharton executive education programs unless otherwise indicated.

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