THE HONG KONG INSTITUTE OF EDUCATION
Course Outline
Part I
Course Title:
Personal Wealth Management
Course Code:
GEH1039
Department:
SSC
Credit Point:
3
Contact
39
Hours:
PreGEE1001
requisite(s):
___________________________________________________________________________
Part II
1. Synopsis
This course provides opportunity for students to explore the significance of managing
personal wealth and possess proper knowledge, skills and attitude towards individuals’
decision-making on wealth management in life. Fundamental concepts, theories and
practices of financial literacy for wellbeing will be offered in the course.
2. Course Intended Learning Outcomes (CILOs)
Upon successful completion of this course, students should be able to:
CILO1: Describe the importance of personal wealth management and recognize its
significance in life
CILO2: Demonstrate knowledge and skills of managing personal wealth in current and
future life
CILO3: Apply relevant strategies and resources for optimizing earnings, consumptions,
savings and investments with positive influence in life
CILO4: Identify and prevent possible risk and understand strategies in managing risk
CILO5: Develop a personal wealth management plan for current and future life with
sound justifications
3. Content, CILOs and Teaching & Learning Activities
Course Content
Definition,
significance
implications
of personal
management in life
Personal wealth management in
CILOs
and CILO1
wealth
CILO2
Suggested Teaching &
Learning Activities
Lecture, group discussion, case
study, literature review
Lecture, illustration, demonstration,
group discussion, case study
1
GEH1039_20141210
different aspects eg time, money,
study, people, career, tax, risk, and
etc
Introduction to Financial
literacy: earnings,
consumptions, savings and
investments*
CILO3
Managing money and smart
credit financing*
CILO3
Understanding life and
general insurances*
Investment products and
protection for financial
consumers*
Risk management
Effective wealth management
models and approaches
Lecture, illustration,
demonstration, hands-on practice,
online searching, group
discussion, case study, guest
seminar, pre- and
post-test*
CILO3
CILO3, 4
CILO4
CILO2,3,4,5
Lecture, hands-on practice, case
study, group discussion, reflection
and sharing
4. Assessment
Assessment Tasks
a. Reflective writing on assessing your current
personal and family wealth management (max
1,500 words)
b. Group work - Case study on a personal finance
plan, identify the potential risks of the plan, and
apply relevant strategies, models and/or
approaches to improve the plan with sound
justifications (max 2,000 words) (Group
presentation and written report, 50%)
Peer review memo on group presentation of
classmates (individual work, 1-2 page A-4, 10%)
Weighting (%)
40
CILO
CILO1, 2, 3, 4,5
60
CILO1,2, 3, 4, 5
5. Required Text(s)
Nil
6. Recommended Readings
1.) Clawson, J.G.S. (2010). Balancing your life: Executive lessons for work, family and self.
Singapore; Hackensack, NJ : World Scientific.
2.) Greenhaus, J. H. (2010). Career management. Thousand Oaks: Sage Publications.
3.) Hamilton, K. L. (2002). Personal risk management and property-liability insurance.
Malvern, PA: American Institute for Chartered Property Casualty Underwriters:
2
GEH1039_20141210
Insurance Institute of America.
4.) Harrington, B. (2007). Career management & work-life integration: using selfassessment to navigate contemporary careers. Los Angeles: SAGE Publications.
5.) Keown, A. J. (2013). Personal Finance: Turning Money into Wealth (6th Edition).
Boston: Pearson.
6.) Kochis, S. T. (2007). Wealth management: a concise guide to financial planning and
investment management for wealthy clients. Chicago, IL: CCH.
7.) Reuvid, J. (ed.) (2005). The handbook of personal wealth management: how to
ensure maximum return with security. London: Kogan Page.
8.) Schermerhorn, J. R. (2006). Personal management edition (8th Edition). Danver,
Mass.: Wiley.
7. Recommended Journal Articles
1.) Journal of Finance
2.) Journal of Financial Economics
3.) Review of Financial Studies
4.) Journal of Financial & Quantitative Analysis
5.) The Wall Street Journal
6.) The Journal of Wealth Management
8. Related Web Resources
1.) Investor Education Centre
http://www.hkiec.hk
2.) Hong Kong Monetary Authority
http://www.hkma.gov.hk
3.) Mandatory Provident Fund Schemes Authority
http://www.mpfa.org.hk/eng/main/index.jsp
4.) Office of the Commissioner of Insurance
http://www.oci.gov.hk
5.) Securities and Futures Commission
http://www.sfc.hk/web/EN/index.html
6.) Consumer Council
http://www.consumer.org.hk/website/ws_en/
7.) Financial Dispute Resolution Centre
http://www.fdrc.org.hk
8.) Hong Kong Association of Banks
http://www.hkab.org.hk
9.) Hong Kong Federation of Insurers
http://www.hkfi.org.hk
3
GEH1039_20141210
10.) List of investment products
http://www.sfc.hk/productlistWeb/searchProduct/main.do?lang=EN
11.) MPF fee comparative platform
http://cplatform.mpfa.org.hk/MPFA/english/index.jsp
12.) Hong Kong Society of Financial Analysts
http://www.hksfa.org
13.) Institute of Financial Planners of Hong Kong
http://www.ifphk.org
14.) International Association of Registered Financial Consultants (Hong Kong)
http://www.iarfc-hk.org/
15.) Student Financial Assistance Agency
http://www.sfaa.gov.hk
16.) Tung Wah Group of Hospitals, Budgeting Family Debt Counseling Centre (Chinese
version only)
http://fdcc.tungwahcsd.org/main.html
17.) Caritas Family Crisis Line & Education Centre - Financial Education & Debt
Counseling Service
http://debt.caritas.org.hk/
9. Related Journals
1.) Journal of Finance
2.) Journal of Financial Economics
3.)
4.)
5.)
6.)
Review of Financial Studies
Journal of Financial & Quantitative
Analysis The Wall Street Journal
The Journal of Wealth Management
10. Other
A collaboration with Investor Education Centre
4
GEH1039_20141210