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Private Wealth Management Program

Program Overview

Whether wealth arrives predictably or suddenly, many wealthy families find financial decision-making to be a major challenge. For almost 20 years, Wharton and the Institute for Private Investors (IPI) have provided education to help high-net-worth families better manage their assets and work with advisors to achieve their financial goals. Private Wealth Management provides the foundation of knowledge necessary to oversee substantial wealth.

Read more about the Experience & Impact »

Private Wealth Management Program Highlights & Benefits

  • 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 family with substantial assets and have the need for family asset management

Contact Us

For more information about this program, contact the Institute for Private Investors by phone at +1.212.693.1300.

April 30 - May 5, 2017$10,500

Philadelphia, PA

July 30 - August 3, 2017$10,500

San Francisco, CA

Download the program schedule, including session details.

Tuition for Philadelphia programs includes lodging and meals. Tuition for San Francisco programs includes meals. Prices are subject to change

Featured Video

“Family members often attend the program together. Since they make investment decisions jointly, having similar experiences is so important in terms of the quality of those decisions.”

Professor Richard Marston on Private Wealth Management

Still considering your options? View programs within Finance & Wealth Management or use our Program Finder.

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 Program 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 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.

Wharton faculty, led by Richard C. Marston, PhD, 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.

Overall, you will learn how to:

  • Enhance your knowledge base in key areas of wealth management
  • Connect with peers around the world who also face similar opportunities and challenges to protect, manage, and grow their assets

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.

Participants leave the program with an expanded peer network, plus specific tools and frameworks they can use to be more.

Plan Your Stay

Faculty

Richard C. Marston, PhDSee Faculty Bio

Academic Director

James R. F. Guy Professor of Finance, The Wharton School

Research Interests: Foreign exchange risk management, international asset pricing, international investments

Charlotte BeyerSee Faculty Bio

Fellow of the Aresty Institute, The Wharton School; Founder, Institute for Private Investors

Jeffrey F. Jaffe, PhDSee Faculty Bio

Associate Professor of Finance, The Wharton School

Research Interests: Corporate finance, investments, money management, and the effects of information on the behavior of security prices

A. Craig MacKinley, PhDSee Faculty Bio

Joseph P. Wargrove Professor of Finance, The Wharton School

Research Interests: Asset pricing models, behavior of futures prices, econometric modeling, stock market behavior

Testimonials

Charlotte Beyer

IPI Founder

Watch the testimonial video

I came to Wharton at a time when I was very involved in restructuring my family office, and dealing with beneficiaries, who range from sophisticated investors to people who don’t know what a private placement is. I wanted to see if the Private Wealth Management program (PWM) was appropriate to start sending our younger beneficiaries to in order to give them a background education on investing and wealth management.

People often feel out of their depth when dealing with wealth, and I think that the PWM course brings a tremendous amount of comfort in understanding that it’s not all just financial speak. The course builds a fantastic baseline for understanding financial terms and appraisal metrics, and will allow family members to think in a financial way when they never had the predilection to before and will help them become more involved and more engaged in our family’s investment strategy long term. I intend on advising several next-gen beneficiaries on attending the PWM course.

Wharton also helped me simplify how I present financial concepts to beneficiaries. Having a more simplified evaluation of terms will allow me to communicate in a much clearer way when I talk about risk, market dependency and other concepts. I am looking forward to taking additional Wharton programs to help me put into practice new funding models, including our direct investment approach at Saviva Capital.”

I have two investment advisers who manage my assets, and I wanted to have a better understanding of how the investment management process works. This program opened my eyes on how to be consistent in my approach using portfolio diversification, asset allocation, and other tools. Diversification is key [as is] the importance of tax impact, fees, manager selection, and performance. Those issues were on my radar before I came to the program, but Wharton did a fantastic job of going deeper and explaining how to measure the impact of these various components on the assets.

Since taking this program I was able to work with my advisers to reallocate the portfolio toward tax-efficient investing and select the right set of managers. It also gave me enough confidence to start investing on my own. I have carved off some portions of my portfolio, and I'm actually managing it myself. This is an ideal program for people new to investing and also those second-and third-generation families that have in-house expertise. The class covered advance topics but went at a pace where people with some investment knowledge could also benefit.”

Ravi Chandran

Private investor, Illinois

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