Financial Wealth Management

 

Financial Wealth Management Major Requirements

Learn more about this major
Financial Wealth Management Major Requirements

The seven required courses (along with FIN-200) cover the foundational topics required by the Certified Financial Planner (CFP®) Board. Upon completion of this major, students are eligible to take the CFP Exam administered by the CFP Board, which is an integral part of the prestigious CFP certification process. Additional information about the CFP Exam.

The BSBA in Financial Wealth Management requires completion of a minimum of 21 credit hours (7 classes) in Wealth Management. A cumulative grade point average of at least 2.0 in the Financial Wealth Management major and a cumulative grade point average of 2.0 overall must be maintained to graduate.

Degree Requirements - 124 credits

Students can earn a bachelor of science in business administration with this major. See the requirements for the bachelor of science in business administration degree.

Required Courses (6 courses, 18 credits)

 

Prerequisites:

ACCT-202

Credits:

3.00

Description:

Focuses on the federal income taxation of individuals with some discussion of business taxation. Explores the basic structure of individual income taxation including the individual tax formula income deductions and credits and provides an introduction to property transactions. Emphasizes how tax laws affect everyday personal and business decisions.

Prerequisites:

FIN-200 and Junior standing

Credits:

3.00

Description:

This course includes the theory practice and problems of risk bearing in business and personal pursuits including life property and casualty insurance and dealing with contract analysis and investments as well as corporate risk management.

Prerequisites:

FIN-200 and Junior standing

Credits:

3.00

Description:

This course covers the investment of funds by individuals and institutions. Focuses on analysis of investments and security markets and the mechanics of trading and investing. A variety of investment vehicles are discussed including stocks bonds futures and options.

Prerequisites:

FIN-200 and Junior standing

Credits:

3.00

Description:

This course is designed to expose the student to the wide range of financial planning tools and techniques available today to the professional financial planner as well as to the individual. By the end of the course the student should be able to construct a sensible and workable financial plan for a "client."

Prerequisites:

FIN-200

Credits:

3.00

Description:

This course develops an understanding of the financial objectives required to maintain a desired standard of living in retirement and planning the distribution of assets after death. Throughout the retirement planning segment students will understand how to plan for adequate retirement income social security long term care and incapacity. The estate planning segment of the course highlights the key techniques and rules required to properly manage a person's estate.

Prerequisites:

FIN-200

Credits:

3.00

Description:

This course examines professional issues in financial planning including ethical considerations regulation and certification requirements written communication skills and professional responsibility. Students are expected to utilize skills obtained in other courses and work experiences in the completion of a comprehensive personal finance case other mini-case studies and calculation templates.

 

Elective Courses (1 Course, 3 Credits)

Choose one (1) from the following:

Prerequisites:

Take FIN-200. GPA of 3.0 or higher required.

Credits:

3.00

Description:

This course introduces students to the terminology current FinTech themes future challenges and opportunities related to the application of technology to financial services. With an emphasis on case studies and guest lectures the class will discuss datafication alternative finance innovative business models algorithmic trading data-driven decision making mobile-only services robo advisers machine learning artificial intelligence crypto currencies Blockchain RegTech InsureTech cybersecurity and the rise of TechFin's. This course is equivalent to an Honors-level course and should count towards the SBS Honors Program and Finance Honors Program requirements.

Prerequisites:

Take FIN-200; required GPA of 3.2 or higher

Credits:

3.00

Description:

This course introduces students to the terminology current FinTech themes future challenges and opportunities related to the application of technology to financial services. With an emphasis on case studies and guest lectures the class will discuss datafication alternative finance innovative business models algorithmic trading data-driven decision making mobile-only services robo advisers machine learning artificial intelligence crypto currencies Blockchain RegTech InsureTech cybersecurity and the rise of TechFin's. This course counts towards Honors credits for the SBS Honors Program and the Finance Honors Program.

Prerequisites:

FIN-315

Credits:

3.00

Description:

This course introduces students to fixed income securities and related capital markets. It covers such topics as bond valuation bond portfolio management Treasury securities and markets fixed income derivatives mortgage- and asset-backed securities and convertible bonds. As a part of their studies students will be trained in using Bloomberg terminal and will receive Bloomberg certification upon completion of this course.

Prerequisites:

FIN-315

Credits:

3.00

Description:

This course is focused on the security analysis of stocks with the goal of managing the Suffolk University student-run portfolio. The material is pertinent to the security analyst - particularly the equity analyst who must issue a buy hold or sell recommendations on stocks. By the end of the course the student should feel competent in writing a thorough credible equity research report or investment analysis that meets the highest standards of professionalism.

Prerequisites:

FIN-315 and Junior standing

Credits:

3.00

Description:

This course is an in-depth analysis of derivatives: futures options and swaps. The course explains why these securities exist where and how they are traded how to employ them in managing risk and how to accurately price them. It also covers the use of these derivatives in the context hedging or speculation.

Prerequisites:

FIN-315 and Junior standing

Credits:

3.00

Description:

This course is an advanced course in investment analysis stressing efficient frontier and diversification. Also studies portfolio construction and management and the tradeoff of risk versus return.

Prerequisites:

FIN 200

Credits:

3.00

Description:

This course introduces students to the mutual fund industry and its evolution into the brokerage business. The course focuses on developing this foundation knowledge through classroom discussions and case analysis with guest experts in the various aspects of mutual funds.

Prerequisites:

Take 2 Finance Major electives previously, cumulative GPA of 3.0 or higher required. Instructor approval required.

Credits:

3.00

Description:

This course allows finance majors or minors to apply their finance knowledge in an organizational workplace setting. Students identify and organize their own internship positions and are required to work at least 160 hours during the internship. Additionally they will have to identify a faculty adviser. In coordination with the faculty adviser the students will come up with a set of deliverables which could include a paper a project etc. to meet the requirements of a 3-credit course. This course will fulfill the Finance Practicum requirement.

Prerequisites:

MKT-210 or MKT-H210

Credits:

3.00

Description:

Students in professional selling learn many of the skills needed to prosper in a sales position. Particularly the stages of the professional selling process are examined as well as the role of sales in today's marketing environment. Emphasis is placed on adaptive selling techniques and developing effective interpersonal communication skills. A detailed examination of sales careers is provided.

Prerequisites:

Take MKT-210 or MKT-H210

Credits:

3.00

Description:

In professional services industries such as management consulting financial services and healthcare professional selling plays a key role in relationship-building and consultative problem-solving. Using experiential learning through role-plays case study analysis and other interactive methods students gain knowledge and skills about the selling process (and related elements) in the context of service dominant business and non-profit organizations.

Required Experiential Component

Financial Wealth Management majors must complete 160 hours of pre-professional finance experience in the wealth management or finance field prior to graduating. Experience may be acquired through an internship, part- or full-time employment, or cooperative education. Students must be approved to register for the FIN-560, Finance Practicum requirement, during or immediately prior to the semester in which they complete the required 160 hours. The experiential component carries no academic credit, nor requires any tuition, and will be graded pass/fail. Approval of this experience must be obtained from the Finance Department.

Download the Finance Practicum Application

Prerequisites:

Take 2 Finance Major electives previously, cumulative GPA of 3.0 or higher required. Instructor approval required.

Credits:

3.00

Description:

This course allows finance majors or minors to apply their finance knowledge in an organizational workplace setting. Students identify and organize their own internship positions and are required to work at least 160 hours during the internship. Additionally they will have to identify a faculty adviser. In coordination with the faculty adviser the students will come up with a set of deliverables which could include a paper a project etc. to meet the requirements of a 3-credit course. This course will fulfill the Finance Practicum requirement.

Prerequisites:

Must obtain approval from FIN dept

Credits:

0.00

Description:

Required of all Finance majors. Majors will have an approved 160 hours of finance experience. Experience may be acquired through internship part- or full-time employment or cooperative education. Zero Credit

 

Learning Goals & Objectives

Learning goals and objectives reflect the educational outcomes achieved by students through the completion of this program. These transferable skills prepare Suffolk students for success in the workplace, in graduate school, and in their local and global communities.

Learning Goals
Learning Objectives
Students will… Upon completion of the program, each student should be able to...
Understand the theoretical and practical issues relevant for managing wealth and providing financial planning advice. Manage the wealth of individuals and families by providing financial planning advice.
Exhibit an ability to conduct various wealth management-related tasks such as personal financial planning, retirement planning for individuals and families, estate planning, providing investment advice on: tax management, and risk management. Manage and preserve wealth of individuals and families by providing advice on:
  • Personal financial planning
  • Retirement planning
  • Estate planning
  • Various investment choices
  • Efficient management of tax obligations
  • Management of risk inherent in investment decisions using various risk management techniques and insurance products
Demonstrate skills and knowledge necessary in constructing a sensible and workable wealth management plan for a client. Construct a sensible wealth management plan for a client.

Financial Wealth Management Undergraduate Courses

Financial Wealth Management Undergraduate Courses

Prerequisites:

ACCT-202

Credits:

3.00

Description:

Focuses on the federal income taxation of individuals with some discussion of business taxation. Explores the basic structure of individual income taxation including the individual tax formula income deductions and credits and provides an introduction to property transactions. Emphasizes how tax laws affect everyday personal and business decisions.

Prerequisites:

ACCT-202, SBS Honors Students Only

Credits:

3.00

Description:

Focuses on the federal income taxation of individuals with some discussion of business taxation. Explores the basic structure of individual income taxation including the individual tax formula income deductions and credits and provides an introduction to property transactions. Emphasizes how tax laws affect everyday personal and business decisions.

Prerequisites:

ACCT-201, MATH-128 or higher, and STATS-240 or STATS-250. (STATS can be taken concurrently with FIN-200); Sophomore standing

Credits:

3.00

Description:

This course is a study of the functions of business finance and focuses on basic financial principles such as time value of money risk and return tradeoffs and asset valuation. Formally FIN 310.

Prerequisites:

ACCT-201, MATH-128 or higher, STATS-240 or STATS-250 (can be taken concurrently); Sophomore standing; SBS Honors or 3.2 GPA or higher

Credits:

3.00

Description:

This course is a study of the functions of business finance and focuses on basic financial principles such as time value of money risk and return tradeoffs and asset valuation. Formally FIN 310.

Prerequisites:

FIN-200 and Junior standing

Credits:

3.00

Description:

This course includes the theory practice and problems of risk bearing in business and personal pursuits including life property and casualty insurance and dealing with contract analysis and investments as well as corporate risk management.

Prerequisites:

FIN-200 and Junior standing

Credits:

3.00

Description:

This course covers the investment of funds by individuals and institutions. Focuses on analysis of investments and security markets and the mechanics of trading and investing. A variety of investment vehicles are discussed including stocks bonds futures and options.

Prerequisites:

FIN-200 and Junior standing; Restricted to SBS Honors, or GPA 3.2 or higher.

Credits:

3.00

Description:

This course covers the investment of funds by individuals and institutions. Focuses on analysis of investments and security markets and the mechanics of trading and investing. A variety of investment vehicles are discussed including stocks bonds futures and options.

Prerequisites:

Take FIN-200. GPA of 3.0 or higher required.

Credits:

3.00

Description:

This course introduces students to the terminology current FinTech themes future challenges and opportunities related to the application of technology to financial services. With an emphasis on case studies and guest lectures the class will discuss datafication alternative finance innovative business models algorithmic trading data-driven decision making mobile-only services robo advisers machine learning artificial intelligence crypto currencies Blockchain RegTech InsureTech cybersecurity and the rise of TechFin's. This course is equivalent to an Honors-level course and should count towards the SBS Honors Program and Finance Honors Program requirements.

Prerequisites:

Take FIN-200; required GPA of 3.2 or higher

Credits:

3.00

Description:

This course introduces students to the terminology current FinTech themes future challenges and opportunities related to the application of technology to financial services. With an emphasis on case studies and guest lectures the class will discuss datafication alternative finance innovative business models algorithmic trading data-driven decision making mobile-only services robo advisers machine learning artificial intelligence crypto currencies Blockchain RegTech InsureTech cybersecurity and the rise of TechFin's. This course counts towards Honors credits for the SBS Honors Program and the Finance Honors Program.

Prerequisites:

FIN-200 and Junior standing

Credits:

3.00

Description:

This course is designed to expose the student to the wide range of financial planning tools and techniques available today to the professional financial planner as well as to the individual. By the end of the course the student should be able to construct a sensible and workable financial plan for a "client."

Prerequisites:

FIN-315

Credits:

3.00

Description:

This course introduces students to fixed income securities and related capital markets. It covers such topics as bond valuation bond portfolio management Treasury securities and markets fixed income derivatives mortgage- and asset-backed securities and convertible bonds. As a part of their studies students will be trained in using Bloomberg terminal and will receive Bloomberg certification upon completion of this course.

Prerequisites:

FIN-315

Credits:

3.00

Description:

This course is focused on the security analysis of stocks with the goal of managing the Suffolk University student-run portfolio. The material is pertinent to the security analyst - particularly the equity analyst who must issue a buy hold or sell recommendations on stocks. By the end of the course the student should feel competent in writing a thorough credible equity research report or investment analysis that meets the highest standards of professionalism.

Prerequisites:

FIN-315 and Junior standing

Credits:

3.00

Description:

This course is an in-depth analysis of derivatives: futures options and swaps. The course explains why these securities exist where and how they are traded how to employ them in managing risk and how to accurately price them. It also covers the use of these derivatives in the context hedging or speculation.

Prerequisites:

FIN-315 and Junior standing

Credits:

3.00

Description:

This course is an advanced course in investment analysis stressing efficient frontier and diversification. Also studies portfolio construction and management and the tradeoff of risk versus return.

Credits:

3.00

Description:

This course provides an introduction to estate planning including a discussion of wills intestacy and tax consequences of estate planning techniques. The course will prepare students to discuss the necessity objectives and techniques of estate planning with clients. It will introduce students to the consequences of intestacy and the uses of wills. Additionally students will learn the basic concepts of the federal estate gift and income tax rules that apply to certain estate plans and how to use them for the benefit of clients.

Prerequisites:

FIN 200

Credits:

3.00

Description:

This course examines financial planning for retirement and presents a comprehensive process for doing such a planning. Among the main topics covered are setting financial objectives for retirement planning for adequate retirement income social security and other governmental benefits understanding qualified and non- qualified plans pre- and post-retirement investment planning planning for long-term care and planning for incapacity.

Prerequisites:

FIN-200

Credits:

3.00

Description:

This course develops an understanding of the financial objectives required to maintain a desired standard of living in retirement and planning the distribution of assets after death. Throughout the retirement planning segment students will understand how to plan for adequate retirement income social security long term care and incapacity. The estate planning segment of the course highlights the key techniques and rules required to properly manage a person's estate.

Prerequisites:

FIN 200

Credits:

3.00

Description:

This course introduces students to the mutual fund industry and its evolution into the brokerage business. The course focuses on developing this foundation knowledge through classroom discussions and case analysis with guest experts in the various aspects of mutual funds.

Prerequisites:

FIN-200

Credits:

3.00

Description:

This course examines professional issues in financial planning including ethical considerations regulation and certification requirements written communication skills and professional responsibility. Students are expected to utilize skills obtained in other courses and work experiences in the completion of a comprehensive personal finance case other mini-case studies and calculation templates.

Prerequisites:

Take 2 Finance Major electives previously, cumulative GPA of 3.0 or higher required. Instructor approval required.

Credits:

3.00

Description:

This course allows finance majors or minors to apply their finance knowledge in an organizational workplace setting. Students identify and organize their own internship positions and are required to work at least 160 hours during the internship. Additionally they will have to identify a faculty adviser. In coordination with the faculty adviser the students will come up with a set of deliverables which could include a paper a project etc. to meet the requirements of a 3-credit course. This course will fulfill the Finance Practicum requirement.

Prerequisites:

Must obtain approval from FIN dept

Credits:

0.00

Description:

Required of all Finance majors. Majors will have an approved 160 hours of finance experience. Experience may be acquired through internship part- or full-time employment or cooperative education. Zero Credit

Prerequisites:

MKT-210 or MKT-H210

Credits:

3.00

Description:

Students in professional selling learn many of the skills needed to prosper in a sales position. Particularly the stages of the professional selling process are examined as well as the role of sales in today's marketing environment. Emphasis is placed on adaptive selling techniques and developing effective interpersonal communication skills. A detailed examination of sales careers is provided.

Prerequisites:

Take MKT-210 or MKT-H210

Credits:

3.00

Description:

In professional services industries such as management consulting financial services and healthcare professional selling plays a key role in relationship-building and consultative problem-solving. Using experiential learning through role-plays case study analysis and other interactive methods students gain knowledge and skills about the selling process (and related elements) in the context of service dominant business and non-profit organizations.