Financial Wealth Management

The Financial Wealth Management major prepares students for professional careers in financial planning and the wealth management industry. As a registered program with the CFP® Board, the Financial Wealth Management major requires the completion of a set curriculum. Upon completion of this curriculum and receiving their degree, students will have fulfilled the education components of the CFP® Board's requirements to sit for the CFP® Certification Examination. Teaching is oriented towards both theoretical concepts and practical knowledge.

Financial Wealth Management Major

Learn more about this major

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 CFPBoard, which is an integral part of the prestigious CFPcertification 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.

Required Courses (7 courses, 21 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 (formerly FIN 310); 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."

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 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.

There are no Elective Courses for the Wealth Management major. In addition to FIN 200 and FIN 560, students are required to complete all seven (7) of the above courses in order to complete the major.

Required Experiential Component (non-credit)

Financial Wealth Management majors must complete 150 hours of pre-professional finance experience in the wealth management field prior to graduating. Experience may be acquired through an internship, part- or full-time employment, or cooperative education. Students must register for FIN 560, Finance Practicum, during or immediately before the semester in which they complete the required 150 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.

Prerequisites:

Must obtain approval from FIN dept

Credits:

0.00

Description:

Required of all Finance majors. Majors will have an approved 150 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, estate planning, investment management, 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.