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 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.

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 (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

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

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

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

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

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

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 Financial 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 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.

Prerequisites:

Must obtain approval from FIN dept

Credits:

0

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.

Finance Undergraduate Courses

Prerequisites:

ACCT-201, MATH-128 or higher, and STATS-240 or STATS-250 (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.

Credits:

3.00

Description:

The course can be viewed as a survival guide"" or a ""road map"" to the universe of financial instruments available as well as the basic tools needed to make informed decisions. The course is intended to address the concerns of individuals in determining their financial needs and managing their financial resources. Finance 210 is a free elective only and may not be counted towards the finance major or minor."

Prerequisites:

FIN-200

Credits:

3

Description:

Intermediate Finance expands on basic financial concepts and introduces more advanced topics. Material emphasizes solutions to problems of capital structure, investment and financing. Other major topics include distribution policy, working capital management, derivative corporate securities, and corporate restructuring.

Prerequisites:

FIN 200 (formerly FIN 310); Junior standing

Credits:

3

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

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

Credits:

3

Description:

This course focuses primarily on real estate investment and many different approaches are discussed. The course examines related areas of law, finance, insurance, taxation, appraisal and brokerage.

Prerequisites:

FIN 200 and Junior standing

Credits:

3

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

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-200; Junior standing

Credits:

3

Description:

This course covers the analysis and interpretation of financial statements. It is designed to help investors and managers in their assessment of a business entity. It also covers comparative financial statements and trend and ratio analysis.

Prerequisites:

FIN 315, Junior standing

Credits:

3

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 311 or permission of instructor, Junior standing

Credits:

3

Description:

This course develops the practical techniques and decision rules in the evaluation and selection of long-term investment projects. Teaching is oriented towards discussion of readings and case studies. Readings should provide students with understanding of capital budgeting techniques, and case studies should allow them to apply the techniques to real-world problems with the help of the computer.

Prerequisites:

FIN 200 and Junior standing

Credits:

3

Description:

This course covers the financing, investment and working capital management process of multinational corporations, considering such variables as exchange risk, political risk, accounting regulations and tax laws.

Prerequisites:

FIN 200 (formerly FIN 310); Junior standing; Restricted to SBS Honors, or GPA 3.2 or higher.

Credits:

3

Description:

This course covers the financing, investment and working capital management process of multinational corporations, considering such variables as exchange risk, political risk, accounting regulations and tax laws.

Prerequisites:

FIN 311; Two FIN major required or elective courses; Senior standing

Credits:

3

Description:

This course is an in-depth study of current finance theory and methodology applicable to the firm through case analyses, computer work and recent publications. It is a capstone course where students learn how to integrate financial theories and principles to reach optimal financial decisions in practice.

Credits:

3

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, ISOM-319, MGT-217, MKT-210; Senior standing. Honors students must register for SIB-H429.

Credits:

3

Description:

This course covers and integrates administrative processes and decision making under uncertainty in business areas of marketing, accounting, management, finance, personnel, and production. It also focuses on strategic and policy issues from the viewpoint of senior management in both domestic and international corporations. Case discussions help develop the conceptual framework for analysis and implementation of strategy and policy decisions.

Prerequisites:

FIN 200 and Junior standing; SBS Honors or 3.2 GPA or higher

Credits:

3

Description:

This course analyzes the origins and consequences of the current financial situation from a variety of different economic and political perspectives. It offers students the opportunity to explore the chain of events that preceded the global financial crisis, monitor markets on a real-time basis (using Bloomberg) and provides a forum to discuss solutions and independently generate ideas. Among the main topics covered are asset pricing, derivative securities, financial engineering, risk management and the role of financial institutions, central banks and government agencies in global markets.

Prerequisites:

FIN-315 and Junior standing; Restricted to SBS Honors, or GPA 3.2 or higher.

Credits:

3

Description:

The course will augment and extend students' finance skills, tools and concepts learned in core finance and investment courses and blend the theory with real world application. The course utilizes the Chartered Financial Analyst Institute Investment Series textbook to facilitate the mastery of quantitative methods, data analytics and their application in today's investment process for stocks, bonds, futures and options. In addition to review of time value of money, discounted cash flow and statistical/probability analysis, the course will cover advanced concepts such as correlation and regression and their real world application in finance and investments. An important part of the course will be the ability to distinguish useful information from the overwhelming quantity of available data. Additional topics will include valuation methods/models, quantitative investment strategies, technical analysis, trading strategies & execution of transactions, quantitative/algorithmic & high frequency trading. Material will be reinforced with hands-on application of utilizing real time trading and market data platforms. Microsoft Excel, applications utilized in the financial industry, statistical/mathematical and programming platforms will be used extensively throughout the course. Guest speakers will be scheduled to speak about certain topics and their experiences.

Prerequisites:

FIN 200

Credits:

3

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:

instructor's (full time), chair's, dean's approval

Credits:

1.00- 6.00

Description:

Independent study allows students to expand their classroom experience by completing research in an area of interest not already covered by Suffolk courses. The student designs a unique project and finds a full-time faculty member with expertise in that topic who agrees to sponsor it and provide feedback as the proposal is refined. A well designed and executed research project broadens and/or deepens learning in a major or minor area of study and may also enhance a student's marketability to potential future employers. Students cannot register for an Independent Study until a full proposal is approved by the faculty sponsor, department chair, and academic dean. Many Independent study proposals require revisions before approval is granted; even with revisions independent study approval is NOT guaranteed. Students are strongly encouraged to submit a proposal in enough time to register for a different course if the proposal is not accepted. For complete instructions, see the SBS Independent/Directed Study Agreement and Proposal form available online.

Prerequisites:

Must obtain approval from FIN dept

Credits:

0

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