CWM Chartered Wealth Manager ® Qualification  

Professional Knowledge Areas    

The curriculum for the Chartered Wealth Manager designation focuses on planning for resident and non-resident clients. This core group of graduate topics focuses on inbound and outbound planning issues of high net-worth individuals and business owners and cover consulting with a global focus. A critical aspect of this course is addressing the interpersonal skills crucial to of advising the wealthy individual, family or small business owner. The course will cover areas of tax, compliance aspects for you and your client, investing in real estate and other assets, asset protection and cross border obstacles for residents and non-residents.   

Areas of Course Study    

Wealth Management and Financial Planning for the Wealthy   

This module distinguishes wealth management from traditional financial planning and covers the aspects of managing wealth for high net-worth individuals, and the major financial planning concepts, underlying laws and regulations related to global wealth planning. It covers major principles in domestic and international tax and financial planning, and how to recognize opportunities for clients. It also entails the discussion of suitable asset allocation techniques from an integrated perspective, finance, financial planning aspects, risk tolerance, lifestyle, life cycle, and estate planning. The overall goal of this module is to enable the advisor to encounter a complex wealth management engagement and be able to integrate the advice given by various counselors to help facilitate the optimal solution and enable the client to make appropriate
decisions.   

Practice Management and Marketing for the Financial Industry   

·           Financial planning and life cycle models for high net-worth individuals.    

·           Methods of Asset Allocation.    

·           Client objectives and suitable financial decisions.    

·           Integrated financial planning for entrepreneurs.    

·           International wealth planning for high-net-worth individuals (including trusts, foundations, estate planning, comparative tax laws, mobility and residence).    

·           Objectives of a family office.    

Learn the use of the proper tools, designing the engagement contract and how to charge for examining, developing and implementing the wealth management plan.   

·    Use of the Investment  Proposal and Investment Policy Statement    

·    The Virtual Office    

·    The Family Financial Website    

·    The Financial Roadmap    

·    Work Flow Planning    

·    Record Keeping and Privacy Issues    

·    Client Correspondence and Marketing Issues   

The High Net-Worth Financial Plan   

Learn how to develop an integrated service concept for high net-worth clients and determine how to implement a client segmentation plan. Understand the consequences of different service and pricing strategies.   

Learn how to build sustainable client loyalty, and how to define, implement and secure a service culture perceived as value-added by the high net-worth client.   

Portfolio Management, Financial Markets and Risk Management   

The candidate will learn more advanced applications of the classical concepts of portfolio theory as they apply to equities, bonds, or hedge fund strategies. The course will also teach you to question and assess asset managers. Furthermore, you will practice how to break down and evaluate various structured products in order to give clients the best advice about frequently encountered obstacles of the wealthy. And finally, you pull everything together through the construction of the Investment Policy Statement, asset allocation and concentrated positions, and actual case studies.   

During this module you will gain insights into modern concepts of:   

·           Portfolio management    

·           Investment policy    

·           Efficient-market theories    

·           Performance measurement    

·           Investment styles       

·           Fixed-income management    

·           Structured products risk management and operational risk    

·           Hedge funds, options and other investment choices     

·           Concentrated positions and practical diversification possibilities    

Compliance and Anti-money Laundering   

This module is an introduction to compliance, reporting and record keeping. It covers advanced topics in Compliance including the Bank Secrecy Act, Internal Revenue Code Section 6050I, AML statutes, FATF Forty Recommendations.   

·           Research Guidance On Money Laundering and Compliance    

·          Introduction to Money Laundering: Definitions, Stages, Players, Magnitude and Significance    

·           Methods, Trends and Typologies of Money Laundering    

·          Comparisons of Anti-Money Laundering Regimes, Key Nations and Offshore Financial Centers    

·           International and Regional Configurations Against Money Laundering    

·          Terrorist Financing: Law, Policy, and Strategies    

·           The United States Law of Money Laundering and Forfeiture    

·           The USA Patriot Act    

International Anti-Avoidance and Tax Treaties   

The objective of this module is to give the student an understanding of the fundamental principles that underlie anti avoidance provisions and to acquaint you with the current of state of the law in selected countries.   

Tax avoidance is difficult to define. Additionally, interpretation from one tax jurisdiction to another varies and legislation changes from time to time reflecting changes in judicial tolerance. Advisors need to be aware of the current state of the law in the country of residence of the taxpayer and also in the countries that they are using to implement their client’s tax plans.   

You will learn about:   

·           Tax Planning    

·           Shams and Step Transactions    

·           Concepts of Residence and Source    

·           General Anti Avoidance Regime    

·           Concepts of Substance and Form and Abuse of Law    

·           Specific Anti Avoidance Rules    

·           Controlled Foreign Corporations    

·           Controlled Foreign Companies Regime    

·           Transfer Pricing    

·           Thin Capitalization    

·           Advance Pricing Agreements    

·           U. S. Tax Treaties, OECD Models, U.N. Models    

·           The Use of Double Tax Agreements for Avoidance    

·           Review Of Important Tax Cases    

Global Tax and Asset Protection Planning   

Taxation of U.S. citizen residents or domiliciaries   

·    Estate taxation   

·    Gift taxation   

·    Generation-skipping transfer taxation   

Taxation of non-residents and non-domiciliaries   

·    Income taxation    

·    Estate taxation    

·    Gift taxation    

·    Conflict of Laws    

·    Offshore Asset Protection Trusts    

·    Offshore Life Insurance    

·    Offshore Trust Cases    

·    Penalties Relating to Foreign Trusts    

·    Planning For Non-Grantor Trusts    

·    Structuring Non-Grantor Trusts    

·    Tax Reporting and Compliance    

Offshore Structuring