Program Experience

Highlights and Key Outcomes

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

Dr. Mike Kane talks about what participants can expect in the Private Wealth Management Program.

Experience and 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, six-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
  • Behavioral Finance and Investor Psychology
  • 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.

Convince Your Supervisor

Here’s a justification letter you can edit and send to your supervisor to help you make the case for attending this Wharton program.

Due to our application review period, applications submitted after 12:00 p.m. ET on Friday for programs beginning the following Monday may not be processed in time to grant admission. Applicants will be contacted by a member of our Client Relations Team to discuss options for future programs and dates.

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.

Plan your stay in Philadelphia

Plan Your Stay

This program is held at the Steinberg Conference Center located on the University of Pennsylvania campus in Philadelphia. Meals and accommodations are included in the program fees. Learn more about planning your stay at Wharton’s Philadelphia campus.


Nikolai Roussanov

Nikolai Roussanov, PhDSee Faculty Bio

Academic Director

Moise Y. Safra Professor of Finance, The Wharton School

Research Interests: Interaction between asset pricing and macroeconomics

Amy Hart Clyne

Amy Hart ClyneSee Faculty Bio

Chief Knowledge & Learning Officer, Pitcairn

Chris Geczy

Christopher Geczy, PhDSee Faculty Bio

Adjunct Professor of Finance; Academic Director, Wharton Wealth Management Initiative; Academic Director, Jacobs Levy Equity Management Center for Quantitative Financial Research, The Wharton School

Joseph Gyourko

Joseph Gyourko, PhDSee Faculty Bio

Martin Bucksbaum Professor; Professor of Real Estate; Professor of Finance; Professor of Business Economics & Public Policy; Nancy A. Nasher and David Haemisegger Director of the Zell/Lurie Real Estate Center, The Wharton School

Research Interests: Housing markets, real estate finance, and real estate economics

Jason Ingle

Jason IngleSee Faculty Bio

Founder & Managing Partner, Third Nature Investments

Mike Kane

Mike Kane, PhDSee Faculty Bio

Founder and President, Kestrel Investments (SFO)

Research Interests: Political theory, political economy, and the relationship of philosophy and economics

Craig Mackinlay

A. Craig MacKinlay, 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

Bilge Yilmaz

Bilge Yilmaz, PhDSee Faculty Bio

Wharton Private Equity Professor; Professor of Finance; Academic Director, Harris Family Alternative Investments Program, The Wharton School

Research Interests: Corporate finance, alternative investments, game theory, political economy


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. It 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.”

Matthew S. Bradfield Executive Chairman, Saviva Capital LLC., Boston

I have two investment advisors 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 advisors 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 advanced topics but went at a pace where people with some investment knowledge could also benefit.”

Ravi Chandran Private investor, Illinois

Date, Location, & Fees

May 4 – 9, 2025Philadelphia, PA$16,250

Hotel Information

Fees for Philadelphia programs include lodging and meals. Prices are subject to change.

International Travel Information »

Plan Your Stay »

In Partnership With

Institute for Private Investors

Contact Us

Upon submission of your application, you will be contacted by the Institute for Private Investors. For more information, contact the Institute for Private Investors by phone.


Financial Times Article - Route Better Wealth ManagementThe Route to Better Wealth Management Download PDF from The Financial Times

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