Executive Education

Private Wealth Management: For Individuals and Families

An integrated and strategic approach to wealth management specifically for high-net-worth individuals and families.

As a wealthy individual, you are working to protect and grow your wealth, enjoy financial security, and build a lasting legacy. Effective investment management is critical, of course, but successful wealth management is an integrated and strategic discipline which also includes tax, estate planning, philanthropy, governance, and family culture. Each family's situation is unique, and no one solution will suffice for all.

By attending this program, you will:

  • Clarify your family and financial goals.
  • Design a strategy to preserve and manage your wealth.
  • Oversee financial advisors with greater confidence, accountability, and results.

The program incorporates case studies, lectures, and small and large group discussions. Because some of the most valuable learning in the course takes place in the shared experiences among classmates and peers, we create a confidential and solicitation-free environment. All participants must sign a confidentiality agreement before joining the course.

To facilitate the interactive nature of the course experience, enrollment is limited. Please submit your application early to assure your place.

Investment Fundamentals (Optional)
Held on Monday of the program week (1:30 - 5 p.m.)

  • Spring 2017 - May 15, 2017
  • Fall 2017 - October 16, 2017

This session covers investment basics for those with limited investment experience or for those who would like a concentrated refresher. Participants with limited exposure to investing concepts are strongly encouraged to attend this optional session. This session will focus on the basics of investments such as stocks, bonds, mutual funds, exchange-traded funds (ETFs), and hedge funds; access to investments through advisors, brokers, and direct investments; understanding performance reports; fees and other costs; and measures of risk and return.

This program is also offered in Spain

LOCATION
Chicago Booth, Gleacher Center, Chicago IL 

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John C. Heaton

Joseph L. Gidwitz Professor of Finance; Deputy Dean for Faculty

John C. Heaton studies asset pricing, portfolio allocation, and time-series economics. He first became drawn to this area because he was "intrigued by the idea of understanding economic phenomena both to guide policy and to help people make better decisions." His research in these areas has earned him numerous fellowships, including an Alfred P. Sloan Research Fellowship from 1993 to 1995.

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Steven N. Kaplan

Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance

Steven N. Kaplan is the Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance at the University of Chicago Booth School of Business. He is the Faculty Director of Chicago Booth’s Polsky Entrepreneurship Center. Professor Kaplan has been a member of the faculty since 1988.

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Stuart E. Lucas

Adjunct Professor of Finance

Stuart Lucas has worked as an investment professional for over 30 years. He is the founder, Chairman and co-Chief Investment Officer of Wealth Strategist Partners, LLC, an investment advisor to selected families and entrepreneurs specializing in the management of long-term taxable wealth.

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Sara Hamilton

Sara Hamilton is the Founder and CEO of Family Office Exchange (FOX), the definitive source of information and best practices associated with the business of managing family wealth across generations. The strength of the FOX network is derived from the collective knowledge and experience of over 340 globally-minded family enterprises based in 20 countries.

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Howard M. Helsinger

Howard M. Helsinger is a partner in the Chicago law firm of Sugar, Felsenthal, Grais & Hammer, LLP, and a lecturer at the University of Chicago Law School, where he has taught Trusts and Estates for the past fifteen years. He is a member of the American College of Trust and Estate Counsel, a past chair of the Chicago Bar Association Probate Practice Committee, and a frequent lecturer for the Illinois Institute of Continuing Legal Education and other state and national bar associations.

A terrific, relevant subject. This entire seminar was thought provoking, purposeful and very well organized.

- P.J. Thompson, President, Trans-Matic Mfg Co. Inc.


A+ -- best wealth management seminar I have ever attended.

- David W. Burleigh, Partner, Buechner Haffer Meyers & Koenig


Excellent program and I would say better than others that I have attended. I found it extremely beneficial to attend with my family, and we liked that the program's structure allowed time to share knowledge and learning with each other and fellow classmates.

- Kristen, past participant


My family learned a great deal from the knowledgeable faculty and interaction with other participants. Attending with my family was enormously valuable and I would highly recommend it -- we could discuss the sessions and how they related to our situation, further cementing what we learned.

- Esther Brabec, past participant


Rare to have access to this quality of participants, academics, and professionals. Great experience not solely based on program content, but total class.

- William Brewer, CEO, Cornell Forge


The course provided the perfect launch platform for setting my financial objectives and beginning the exercise of deciding on investment strategies and confronting the overall wealth management challenge.

- Guillaume Cuvelier, Founder and former CEO, SVEDKA Vodka


The course was incredibly interesting and thought provoking. The true 'transparency' of shared information by faculty and participants was especially refreshing.

- Kathy Leventhal, past participant


The organization and planning of the program was very good. Excellent lectures and group orientations and networking.

- Andres Araujo, Director of Trademarketing, D'casa


This is a must course for anyone interested in a multiple generational approach to investing and wealth management. The perfect balance between new insights and confirmation of long held beliefs.

- Steve Richardson, COO, Alamosa PCS


Your program covered a great deal of complex material and made it come to life! As a result of what my wife and I learned, we are going to make BIG changes in our portfolio. It is a long trip from Shanghai, but I can honestly say it was one of the most valuable weeks in my life.

- Patrick Hopkins, past participant


The PWM program is the most profound education ever delivered to me. Thinking of wealth as ‘well being’ will likely enhance the lives of the Guminski family for generations.

- Christine Guminski 

This program is for US and international individuals and families who have built wealth in this generation, have inherited family wealth, or are contemplating or have recently experienced a liquidity event. Family office executives may attend with principal family members, but the program is closed to all other financial services professionals.

The course will be of greatest interest to those:

  • Striving to maintain prosperity and a flourishing family through retirement and, for many, across generations.
  • Contemplating-or recently experiencing-a significant liquidity event, whether through the sale of a company, inheritance, or other major wealth transition.
  • Committed to engaging their families in more productive dialogue about the challenges and opportunities of wealth.
  • Seeking added confidence to evaluate and select financial advisors and/or to set strategic direction for a family office. 

We have found that multiple members of the same family—husband and wife, parent and offspring, cousin and cousin—derive considerable benefit from taking the course together. The program gives them a foundation for continued productive dialogue well into the future.

ENROLLMENT REQUIREMENTS
Completed applications should be submitted as early as possible. Candidates will be notified of acceptance within one week. Application does not guarantee admission; candidates will be selected on their ability to benefit from, and contribute to, the program and valuable peer-learning environment.

Program Outline

You will learn practical, tested, and actionable frameworks:

  • Define your financial and family objectives, and use them to design a wealth management strategy that is consistent with your values and personal circumstances, and delivers on your priorities
  • Select an investment strategy that is realistic, prudent, tax efficient, and actionable given the time and resources you have to commit
  • Learn the differences among the investment, brokerage, and wealth management industries, and their complex relationships and incentive systems (how can you align their interests with yours?)
  • Decide how to evaluate, select, and oversee the firms and individual advisors who are right for you and your family (do you make decisions based on trust, service, or performance?)
  • Build performance evaluation, good reporting, and accountability into your relationships with your advisors
  • Learn how trusts and other sophisticated planning instruments can reduce tax exposure, protect privacy, provide flexibility, and serve a family's many generations
  • Develop and communicate a governance system that helps your family to steward assets wisely and that encourages its members to flourish (after all, human capital is your family's most important asset)
  • Integrate philanthropy and public service into your wealth management strategy

Upcoming Courses

Date Fee  
May 16 - 19, 2017 $10,500 Apply Now »
October 17 - 20, 2017 $10,500 Apply Now »

Fee does not include accommodations.
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