Learning Objectives: + Develop an understanding of core business concepts + Demonstrate an understanding of financial markets + Understand the link between economics and finance + Prepare a basic risk management plan
Learning Objectives: + Define, clarify, and prioritize financial goals + Design an appropriate investment portfolio + Identify strengths and weaknesses in core financial areas + Identify opportunities and threats in core financial areas + Build financial resources and a team of professionals + Outline the basics of a personal financial plan + Develop a strategy for implementation and periodic review
Topics Covered: • Time Value of Money • Financial Statements • Cash Flow and Debt Management • Risk Management • Insurance • Asset Protection • Tax Planning • Retirement Planning • Investment Management • Charitable Planning • Estate Planning
C. Life Planning & Behavioral Finance
Learning Objectives: + Define, clarify, and prioritize financial and life goals + Understand personal financial history and money personality + Learn behavioral determinants of success and failure + Identiy common mental and emotional biases and traps + Develop a plan for making wiser choices in life
Topics Covered: • Life Planning - vision, goals, constraints, planning • Life Planning - 3 critical questions • Life Planning - 7 Stages of Money Maturity • Behavioral Finance - biases and traps • Behavioral Finance - your money personality • Legacy Issues - the unique challenges of inheriting wealth • Legacy Issues - developing a family mission statement and plan Family Wealth Workshops are 1-5 day hands-on workshops that help participants make more successful financial decisions in a context that is consistent with their own personal values, vision, and goals.
The curriculum was developed to educate participants to better understand fundamental financial concepts, challenges, and choices. The program is appropriate for participants who already have a team of financial professionals in place as well as those who choose to make financial decisions themselves. Each participant receives a workbook and CD which include course pre-readings, session notes and illustrations, in-class exercises, financial statement templates, model investment portfolios, follow up exercises, and a list of financial resources.
The Family Wealth Workshops program should be considered a beginner-to-intermediate level personal finance course. Fees are dependent on each client's goals and requests but typically range between $5,000 and $25,000 plus expenses. For more information or to receive a custom quote for your family, please contact Jim Dobbs at jim@jimdobbs.com.