If you work in the wealth management industry, it is very important to stay up-to-date and constantly improve and broaden your knowledge. This concerns both sides of WealthTech, financial experts and software engineers. Advisors and wealth managers need to be informed about the latest tools, risks and prospects and provide their activities in compliance with regulations in the industry.
Talking about software engineers that implement WealthTech projects, I would highlight that in addition to understanding financial terminology, they also need to comprehend processes in the industry and be aware of common problems and solutions.
Today, I offer you a list of most beneficial information sources (i.e. courses, books, and media) that might help WealthTech experts and software engineers broaden their knowledge of wealth management.
As an example, in my company INSART, within our FinTech Engineering approach, our software engineers regularly take courses to fill the gaps and broaden their wealth management knowledge. Books and online media help us supplement our knowledge base. We discuss tools and solutions provided in the sources below in our WealthTech competency center. All these allows our software engineers to speak the same language with product managers and wealth management experts, significantly reducing the time to understand requirements and come up with innovative decisions while developing WealthTech solutions.
Table of Contents
Courses & Trainings
Wealth & Asset Management
- Online Professional Certificate In Wealth Management
NY Institute of Finance
https://www.nyif.com/online-professional-certificate-in-wealth-management.html
Learn the components of client profiling, asset management techniques, estate and tax planning, and examine solutions at a high level. Comprehensive overview from planning to management techniques. - Online Professional Certificate in Asset Management
NY Institute of Finance
https://www.nyif.com/online-professional-certificate-in-asset-management.html
Learn investment and management best practices, get an edge on your professional competition, and become a practitioner of the distinct discipline of asset management. Take part in this integrated and dynamic curriculum of fiscal integrity, depth and vision offered to financial professionals seeking to hone the art and science of optimizing asset value and delivering first-rate wealth management. - CISI International Certificate in Wealth and Investment Management
FitchLearning
https://www.fitchlearning.com/cisi-international-certificate-wealth-and-investment-management
The ICWIM is appropriate for staff working in private banking and wealth management roles and who want to develop a thorough understanding of how to deliver wealth management advice. It’s broad focus makes it suitable for a wide audience, from new entrants to financial services, or professionals who may be interested in diversifying into wealth management. - Wealth Management Online Certification Training
Multisodt Virtual Academy
http://www.multisoftvirtualacademy.com/finance/wealth-management-online-training
Wealth Management online training is ideal for candidates interested in financial studies and those who want to establish a career in this area. One of the most famous online finance courses, this training imparts knowledge about managing financial assets. Also known as Asset Management, this program aims to train participants as qualified Wealth Managers. After attending this stock market related course, individuals understand what all is essential to ensure the security of funds. - Introducing CIWM
Association of International Wealth Management
http://www.aiwm.org/en/ciwm_intro.asp
The Certified International Wealth Manager (CIWM®) is an advanced, internationally recognised education programme for experienced professionals in the wealth management industry. It is set at degree/graduate level with a strong practical focus. - Introduction to Planning for Retirement Assets
Americans banking Association
https://www.aba.com/Training/Online/Courses/Pages/WMT-IPRA.aspx
Focuses on the planning aspects of various retirement plans. Explains the tax treatment of qualified plan benefits for taxation, the methods and requirements for distributing retirement resources in a timely and tax-effective manner, the impact on the estate plan of naming various beneficiaries on an IRA, and the post mortem payout requirements of qualified plans - Asset Allocation and Portfolio Management
Americans banking Association
https://www.aba.com/Training/Online/Courses/Pages/WMT-AAPM.aspx
Describes the purpose of the customer profile information collected for investment policies, and how model portfolios are matched to customer profiles. Shows how to distinguish between positive and negative correlation in portfolio diversification. Describes investment styles and strategies that can be applied to equity portfolios and diversify fixed-income portfolios. - Private Wealth Management for High Net Worth Clients
CPDwise
https://www.cpdwise.com/elearning/High-Net-Worth-Clients_Wealth-Management.html
This series of courses will introduce you to both private banking and wealth management. It will inform you as to the different forms of both, what they offer clients, the type of relationship they have with clients and how they make their money. - Understanding and Controlling Your Finances
Bygpub
http://www.bygpub.com/finance/
This series is designed to help you understand what the word “finances” means, assist you in figuring out your financial options, and show you how to manage your financial resources more effectively. - A Series of FinTech and WealthTech Courses
FinTech Circle Institute
https://institute.fintechcircle.com/course
Become a FinTech expert. Learn the most in-demand digital and entrepreneurial skills and access knowledge from the most influential FinTech thinkers globally! - Swiss Private Banking and Wealth Management
Short Cources Portal
https://www.shortcoursesportal.com/studies/51262/swiss-private-banking-and-wealth-management.html
Swiss banks manage private wealth from all over the world, mainly as a result of favorable environmental factors like economic and political stability and strict privacy laws. This, together with traditional values like trustworthiness and discretion has made Switzerland one of the world’s leading wealth management centers, alongside the US and the UK. Gain insight into the success factors of the Swiss private banking and wealth management industry. Get to know different private banking client segments and their needs. - Becoming a CIWM
Canadian Securities Institute (CSI)
https://www.csi.ca/student/en_ca/ciwm/becoming_ciwm.xhtml
The Certified International Wealth Manager (CIWM) designation is the global standard for the thriving wealth management sector. Designed with extensive industry input, it ensures that those who earn it can aptly address the complex needs of high-net-worth clients, whose wealth is increasing and spreading around the globe. - Investment Management Specialization
Coursera
https://www.coursera.org/specializations/investment-management
Learn how investment strategies are designed to reach financial goals in a global context, learn the theory that underlies strong investment decisions, as well as practical, real-world skills that you can apply when discussing investment proposals with your advisor, managing your personal assets or your client’s investment portfolio. - Wealth & Investment Management Prodegree
Imarticus
https://imarticus.org/wealth-investment-management-motilal-prodegree
Wealth and Investment Management (WIM) certification program, in association with Motilal Oswal Asset Management Company Ltd. as the Knowledge Partner, is a comprehensive skill-building program for careers in wealth management, investment planning and financial advisory. - Asset Liability Management
Kesdee
https://kesdee.com/courselist.html#!13
Volatile global markets, proliferation of new financial products and changing regulatory environments have made Asset Liability Management (ALM) a critical function for banks and financial institutions today. It is therefore becoming increasingly important to define, measure, monitor and manage an institutions exposure to Foreign Exchange, Interest Rate and Liquidity Risks on a coordinated and consistent basis. - Fundamentals of Financial Services
Chartered Institute for Securities & Investment
https://www.cisi.org/cisiweb2/cisi-website/study-with-us/foundation-exams/fundamentals
Fundamentals of Financial Services is an important first step in developing the essential basic knowledge required for working in financial services. You will learn about the professional sector and commonly used financial products, such as shares, bonds and insurance and it will provide you with an understanding of financial terminology.
Portfolio Management
- Portfolio and Risk Management
Coursera
https://www.coursera.org/learn/portfolio-management
This course presents an overview of the basic concepts and techniques used to construct financial portfolios. You will learn about the investment process and get a very good understanding of economic, industry, and company analyses. You will also look at understanding and interpreting major portfolio management and risk concepts. Through this course, you will discover the basic concepts of Modern Portfolio Theory. - Online Professional Certificate in Portfolio Management
NY Institute of Finance
https://www.nyif.com/online-professional-certificate-in-portfolio-management.html
Gain a deep understanding of portfolio management from both qualitative and quantitative fields, in equity and fixed income areas. - Updating Portfolio Management Skills
CFA Institute
https://www.cfainstitute.org/learning/products/onlinelearning/Pages/84492.aspx
This portfolio management course updates fundamental portfolio management theory and practice to match the level of sophistication of today’s practitioners. It is based on a selection of articles by some of the investment industry’s most influential thinkers as well as leading investment practitioners. - Portfolio Management
Apna Course
https://www.apnacourse.com/course/portfolio-management
This Online Course on Portfolio Management is based on CFA® and covers Portfolio risks and returns, portfolio planning, construction and more. This course is delivered by an expert finance trainer with rich experience in banking and financial services domain. - Portfolio Selection and Risk Management
Rice Online Learning
http://online.rice.edu/courses/portfolio-selection-risk-management/
In this course, you’ll learn the basic principles underlying optimal portfolio construction, diversification, and risk management. You’ll start by acquiring the tools to characterize an investor’s risk and return trade-off. You will next analyze how a portfolio choice problem can be structured and learn how to solve for and implement the optimal portfolio solution. Finally, you will learn about the main pricing models for equilibrium asset prices. - Portfolio Management
Investools
https://www.investools.com/portfolioManagement.html
The Portfolio Management course teaches you portfolio strategies that will help you build a portfolio from the ground up. Learn to construct a portfolio through asset allocation and diversification, resulting in a risk and return that is customized to your needs. In this course, you’ll also learn how to evaluate portfolio performance and address underperformance. - Portfolio Management
DeZyre
https://www.dezyre.com/online-course/Portfolio-Management/17
Learn Financial Planning & Portfolio Management. Understand the various investment options such as Equity, Debt, Derivatives, Forex, etc. Calculate returns, yields, allocations, risk. Get exposed to portfolio management case studies and best practices taught by leading financial planners with backgrounds from IIM, Reliance Capital, BSE etc. - Management of Portfolios (MoP)
ILX Group
https://www.ilxgroup.com/eur/individual/training/mop
The Management of Portfolios (MoP) guidance provides advice and examples of how to apply principles, practices and techniques which help to optimise an organisation investment in change alongside its business as usual (BAU) work.ILX Group offers accredited e-learning and blended learning for MoP certification. ILX Group has a public schedule of high quality classroom training, and run on-site MoP courses with the best trainers in the industry. - Investment and Portfolio Management
RICE Online Learning
http://online.rice.edu/specialization/investment-portfolio-management/
All investors, from the largest wealth funds to the smallest individual investors, share common issues in investing: how to meet their liabilities, how to decide where to invest, and how much risk to take on. In this Specialization, you will learn the theory and the real-world skills necessary to design, execute, and evaluate investment proposals that meet financial objectives. - Strategic Portfolio and Resource Management
Management Concepts
https://www.managementconcepts.com/Course/id/6187
This course provides a structured approach to creating and managing a project portfolio. It helps students understand the value of portfolio management; identify and explain the portfolio stakeholder roles and responsibilities; define and understand a portfolio management process; identify tools, techniques, and best practices for portfolio management; and identify the roles of the program management office (PMO) or portfolio executive office (PEO) in effective portfolio management. - Security Analysis and Portfolio Management
SUNY Empire State College
https://empire2.esc.edu/cdladmin/cdlcat.nsf/all/0F4001D92A6B81E58525728C0053295E
This course examines various concurrent theories of investment portfolio management that integrates both the Unites States and global market. It is intended to serve advanced level students who are interested in more in-depth analysis of the investment market instrument and the balance between return and risk management. The course is more analytical and practical in nature and exposes the student to real empirical case studies and the real practice of market trading and examining actual companies’ financial data. - Portfolio Management Essentials
TD Ameritrade
https://www.tdameritrade.com/education/education-center/portfolio-management.page
Learn how to create, allocate, and diversify an investment portfolio that helps pursue your retirement goals.
Investments Management
- Investment Management Specialization
Coursera
https://www.coursera.org/specializations/investment-management
Learn how investment strategies are designed to reach financial goals in a global context. Learn the theory that underlies strong investment decisions, as well as practical, real-world skills that you can apply when discussing investment proposals with your advisor, managing your personal assets or your client’s investment portfolio. - CISI International Certificate in Wealth and Investment Management
FitchLearning
https://www.fitchlearning.com/cisi-international-certificate-wealth-and-investment-management
The ICWIM is appropriate for staff working in private banking and wealth management roles who need to demonstrate competence through the achievement of a benchmark qualification and who want to develop a thorough understanding of how to deliver wealth management advice. It’s broad focus makes it suitable for a wide audience, from new entrants to financial services, or professionals who may be interested in diversifying into wealth management. - Introduction to Investment and Taxation
Alison
https://alison.com/course/Introduction-to-Investment-and-Taxation
This course will be of great interest to financial and business professionals who would like a greater understanding of investment and taxation practices and procedures, and to learners who would like to learn more about these fundamental areas of finance. - Introduction to Investments
edX
https://www.edx.org/course/introduction-investments-iimbx-fc250x-0
Become familiar with the general structure of primary and secondary equity markets from a domestic and international perspective. Beginning with introductory finance notions of risk and return, we examine qualitative concepts such as market efficiency and valuation.These tools should enable you to build valuation models for common stocks. Learn how professional financial analysts should evaluate companies. - Investing 101: The Complete Online Investing Course
Udemy
https://www.udemy.com/online-investing-guide/
Learn how to turn 10% of your monthly income into a new source of passive income, make a risk-free 10% annual return from the stock market by just using a simple strategy, build a $1,000,000 net worth (proven strategy), build a low-risk wealth-building investment portfolio, set your financial goal and how to develop an effective investment plan, take advantage of the stock market to grow your money effectively. - Investing Classroom
Morningstar
http://www.morningstar.com/cover/Classroom.html
Here’s the best place to sharpen your investing skills and pick up new ones. Whether you’re a novice, an experienced investor, or someplace in-between, we can help you make better investing decisions with knowledge. - TD Ameritrade’s Courses
TD Ameritrade
https://www.tdameritrade.com/education/courses.page
Taking control of your financial future starts with knowledge. Learn what you want, when you want, with our online courses. From stock trading to retirement planning, our online courses will help you learn how to develop a financial plan that fits your needs. - Commodity Investing 101
Investopedia
https://www.investopedia.com/university/commodities/
In this tutorial, we’ll introduce 20 commodity futures contracts – the most popular way to invest in commodities – along with contract specifications, production information and price drivers for each. - Introduction to Valuation and Investing
Alison
https://alison.com/course/Valuation-and-Investing
The course covers concepts such as Income Statements, Return On Assets (ROA), Return On Equity (ROE), Price-to-Earnings ratio, depreciation, amortization and many others. This course will be of great interest to business and finance professionals who would like to learn more about, or refresh their knowledge of, valuing and investing in stocks and shares, and to learners who would like to know more about the concepts and strategies behind investing. - BUS-123: Introduction to Investments
By Frank Paiano, School of Business and Technology
https://itunes.apple.com/us/itunes-u/bus-123-introduction-to-investments/id493265653
Investing is not as difficult as you think; we will show you how. After you have taken this course, you will have a strong foundation of the most important financial investments. We cover stocks, bonds, mutual funds, short-term investments (a.k.a. “cash”), hybrid instruments, and a few others. We want to emphasize that this is an introduction class. You do not need any prior investment experience. - Investing for Your Future
Cooperative Extension System
http://articles.extension.org/pages/10984/investing-for-your-future
Learn more about investing basics, how to find money to invest, tax-deferred investments, small dollar investing and more in this home-study course sponsored by the Rutgers Cooperative Extension. This 11-unit home study course was developed for beginning investors with small dollar amounts to invest at any one time. - Introduction to Venture Capital
Alison
https://alison.com/course/Introduction-to-Venture-Capital
Get an insight into how a company starts off based on available funds, and how they subsequently raise more funds as the company grows so that investments can be made in operations and other areas. Topics discussed include what shares are, how shares are valued, equity versus debt, and types of organizational structures. This free course also examines the difference between bankruptcy and liquidation, if a business should fail. - Investment
Open Universities Australia
https://www.open.edu.au/courses/business/rmit-university-investment–fnp32-2017
In this unit you will explore and analyze the theory, concepts, tools and techniques of investment and portfolio management. At the conclusion of the unit you will be sufficiently competent to apply the theory and practice of finance theories in a work environment, as well as to gain confidence in the application of a range of techniques, and develop a capacity for independent thought and critical analysis, in the areas of investment analysis and portfolio management which will enable you to study finance at a higher level in the future. - Introduction to Stocks and Short Selling
Alison
https://alison.com/course/Introduction-to-Short-Selling
Learn more about stocks and shares and how they are valued, about the process of short selling, how to borrow stocks that you do not own, what obligations you have to original owner of the stocks, and how to cover your short where you return the stocks after buying them back, hopefully, for less than the cost when you sold them. This course will be of interest to professionals in the financial services sector and anyone who wishes to understand stocks and what the process of short selling involves. - International Introduction to Investment
Chartered Institute for Securities & Investment
https://www.cisi.org/cisiweb2/cisi-website/study-with-us/foundation-exams/international-introduction-to-investment
The qualification focuses on international markets and covers key financial principles and products in depth including assets and markets, equities, bonds, derivatives and investment funds. It explores the broader economic environment in which the financial services profession operates and looks at how economic activity is determined and managed in different economic and political systems.
Risk Management
- Introduction to Risk Management
edX
https://www.edx.org/course/introduction-risk-management-new-york-institute-finance-rmpc1-1x-0#!
This economics and finance course is an introductory survey of risk management concepts and techniques. Learners will review the role of risk regulation in financial markets, and learn how to identify and describe the various types of financial risk and their sources. - Diploma in Risk Management
Alison
https://alison.com/course/diploma-in-risk-management
The free online course Diploma in Risk Management covers the key topics of risk management and will provide learners with an in depth knowledge of the field. All successful organisations take risks in order to survive and grow, and now more than ever, they need competent people to manage those risks. Throughout this course you will study the nature of risk management and the tools used by risk professionals to mitigate risk. - Portfolio Selection and Risk Management
Coursera
https://www.coursera.org/learn/portfolio-selection-risk-management
When an investor is faced with a portfolio choice problem, the number of possible assets and the various combinations and proportions in which each can be held can seem overwhelming. In this course, you’ll learn the basic principles underlying optimal portfolio construction, diversification, and risk management. - Risk Management
Matt H. Evans
http://www.exinfm.com/training/M1C5/
This course provides a solid overview of the entire risk management process including how to identify risk, how to analyze risk and how to respond to risk. The course also describes higher levels of risk management maturity such as Enterprise Risk Management. - Risk Management Course
BrentWood Open Learning College
http://www.bolc.co.uk/free-online-risk-management-courses-with-certificates.html
Risk plays a fundamental role at the heart of every business and organisation. It’s often said that the line between risk and opportunity is extremely fine, given the way in which opportunities rarely come without their unique risks and vice-versa. As such, it’s the way in which risks are managed that makes the difference between making the most of key opportunities, while avoiding or at least minimising threats. Risk management is a complex and ongoing issue of company-wide relevance – an enormous responsibility overseen centrally by qualified risk managers. - Risk Management
Class Central
https://www.class-central.com/tag/risk%20management
This course teaches you the concepts of risk and expected return. This course presents an overview of the basic concepts and techniques used to construct financial portfolios. You will learn about the investment process and get a very good understanding of economic, industry, and company analyses. We will also look at understanding and interpreting major portfolio management and risk concepts. Through this course, you will discover the basic concepts of Modern Portfolio Theory. - Risk Management Course
John Academy
https://www.reed.co.uk/courses/risk-management-course/197290#/
Risk Management is to evaluate financial risks by identifying the process or system to minimize their negative impacts. This is essential for any businesses to develop and succeed. Knowing the risks and possible consequences will help you evaluate the safety of your business. It is also important to consider the health and safety at your workplace. Avoiding risks and its consequences will also help you avoid liabilities for your business. In this course you will learn the necessary skills, knowledge and information of Risk Management. - Risk Management Professional Certificate
NY Institute of Finance
https://www.nyif.com/risk-management-professional-certificate-online.html
Taught by instructors with decades of experience on Wall Street, the Risk Management Professional Certificate is a comprehensive survey of the practice of Risk Management. The major types of risk are identified, risk management tools and techniques are reviewed and financial regulation is covered. Delegates will work through the annual risk report of a publicly traded financial institution. A number of case studies are analyzed to illustrate key principles of risk measurement and management. - International Credit & Risk Management
FCIB
http://fcibglobal.com/education-professional-designation/online-courses.html
FCIB’s International Credit & Risk Management online course (ICRM) is a comprehensive, in-depth 14-week course designed to educate entry-level professionals as well as senior-level executives about the intricacies of global credit and risk management. The course offers vital, up-to-date knowledge in a collaborative, 24 hours/day-accessible learning environment. Peer-to-peer interaction will build, diversify and strengthen a reliable network of professionals while helping you gain an all-encompassing view of credit and risk management. - Online Training in Bank Risk Management
Americans Bankers Association
https://www.aba.com/Training/Online/Courses/Pages/OTBRM.aspx
While risk management covers many areas of the bank, operational risk is one where banks are feeling increasingly challenged and regulators are focusing their attention. Banks need to have a plan in place to respond to increased risk from third-party relationships, cyber threats, and other pervasive technology vulnerabilities. These courses and certificate are designed to teach bankers and regulatory staff alike new strategies for identifying, monitoring, and managing risks that can affect core operations at your bank. - Measuring Risk: Equity, Fixed Income, Derivatives and FX
edX
https://www.edx.org/course/measuring-risk-equity-fixed-income-new-york-institute-finance-rmpc1-2x-0#!
This economics and finance course is a survey of risk measures and risk measurement practices applied to individual securities and portfolios. Students will also study risk reports of publicly traded financial institutions. - Understanding Risk and Reward in Finance
Alison
https://alison.com/course/Understanding-Risk-and-Reward
Risk and reward are two important elements of investment. An investor expects that the more risk that is taken with an investment the higher the reward should be. In this free online course the learner will be introduced to the role of risk and reward in investment and the different types of risk and reward that are available depending on the type of investment. This course also compares investment with consumption and how investment during property bubbles can actually destroy wealth. - Risk Management Courses
Oxford Home Study College
https://www.reed.co.uk/courses/risk-management-courses/98170#/
Risk management has long been a key part of project management and it has also become an increasingly important part of organizational best practices.The risk management framework provided in this Risk management course is flexible enough for any organization. - Risk Management Concepts
NY Institute of Finance
https://www.nyif.com/risk-management-concepts.html
This course is a non-technical survey of the concepts and practice of Risk Management. The major types of risk are identified, risk management tools and techniques are reviewed and financial regulation is covered. A number of case studies are analyzed to illustrate key principles of risk measurement and management.
Recommended by Our Experts
Cindy Taylor, President at Fintegration and Publisher of FintekNews
- Oxford Fintech Programme
University of Oxford
https://www.getsmarter.com/courses/uk/said-business-school-oxford-university-fintech-online-short-course
Industry experts believe between 2 million and 6 million jobs will be lost over the next decade due to disruptive financial technologies like Artificial Intelligence (AI) and blockchain. Illustrating the potential, digital challenger banks such as Starling and Monzo can operate with 90% less headcount than traditional banks. Recognising this serious challenge facing traditional banking careers, Saïd Business School, University of Oxford has launched a new digital open enrolment programme on financial technology and innovation, Oxford Fintech.
Simon Bussy, Principal Consultant at Altus
- Oxford Fintech Programme
University of Oxford
https://www.getsmarter.com/courses/uk/said-business-school-oxford-university-fintech-online-short-course
Industry experts believe between 2 million and 6 million jobs will be lost over the next decade due to disruptive financial technologies like Artificial Intelligence (AI) and blockchain. Illustrating the potential, digital challenger banks such as Starling and Monzo can operate with 90% less headcount than traditional banks. Recognising this serious challenge facing traditional banking careers, Saïd Business School, University of Oxford has launched a new digital open enrolment programme on financial technology and innovation, Oxford Fintech. - Certificate in Investment Management
Chartered Institute for Securities & Investment
https://www.cisi.org/cisiweb2/cisi-website/study-with-us/capital-markets/certificate-in-investment-management
The level 4 Certificate in Investment Management has been designed to provide candidates with an advanced level of understanding of the key areas of investment management. It requires candidates to demonstrate their knowledge and understanding in a range of analytical scenarios. - Diploma in Financial Planning. Wrap and platform services
Chartered Insurance Institute
http://www.cii.co.uk/qualifications/diploma-in-financial-planning-qualification/unit-wrap-and-platform-services-j11/
The objective of this unit is to develop understanding of the use of platforms in providing financial services, the legal and regulatory environment in which they operate, and the ability to assess the suitability of platforms in meeting client requirements.
Books
- Lessons in Corporate Finance: A Case Studies Approach to Financial Tools, Financial Policies, and Valuation
by Paul Asquith, Lawrence A. Weiss
https://www.amazon.com/Lessons-Corporate-Finance-Financial-Valuation/dp/111920741X/
Lessons in Corporate Finance explains the fundamentals of the field in an intuitive way, using a unique Socratic question and answer approach. This book draws on years of research and teaching to deliver a truly interactive learning experience. Each case study is designed to facilitate class discussion, based on a series of increasingly detailed questions and answers that reinforce conceptual insights with numerical examples. Complete coverage of all areas of corporate finance includes capital structure and financing needs along with project and company valuation, with specific guidance on vital topics such as ratios and pro formas, dividends, debt maturity, asymmetric information, and more. - The Capital Markets: Evolution of the Financial Ecosystem
by Gary Strumeyer, Sarah Swammy
https://www.amazon.com/Capital-Markets-Evolution-Financial-Ecosystem/dp/1119220548/
Written by the former President of BNY Mellon Capital Markets, LLC for both financial professionals and novices, The Capital Markets provides a comprehensive macro view of the marketplace and how its products operate. This book is the definitive resource and the companion text to The Capital Markets website.
The subject matter offers an authoritative discussion of the fundamentals of both, the fixed income and equity markets, underwriting, securitizations, derivatives, currency among other products through the lens of leading industry practitioners. - Competing Against Luck: The Story of Innovation and Customer Choice
by Clayton M. Christensen, Karen Dillon, Taddy Hall, and David S. Duncan
https://www.amazon.com/Competing-Against-Luck-Innovation-Customer/dp/0062435612
The key insight of this book is that businesses succeed when they have an accurate picture of what job customers hire them to perform. What is the job your clients hire you to do? The fact is it’s difficult for an advisor to pinpoint what job they are hired to do because clients often cannot articulate the requirements. It may appear that clients want advisors to offer investment help. But it’s likely closer to the truth that the real job of advisors is to help clients achieve a better life. Relentless focus on the “Theory of Jobs to Be Done” forces advisors to focus on what matters to the client: the often mundane but critical job that clients actually hire them to do. The result is innovation and, hopefully, the customer choosing you. - Buying, Selling & Valuing Financial Practices
by David Grau
https://www.amazon.com/Selling-Valuing-Financial-Practices-Website/dp/1119207371
Buying and selling an advisory practice has dozens of opportunities for leaving money on the table. This book, by one of the leading consultants on the topic, is targeted for anyone contemplating buying or selling an advisory practice. Grau focuses on two objectives. For sellers, the book lays out a strategy to deliver maximum value with the most favorable tax implications. For buyers, it’s a detailed road map to making an acquisition on the best terms and then progressively writing off the purchase price. This book is all about getting to “yes” on terms satisfactory to both parties. - The Man Who Knew: The Life and Times of Alan Greenspan
by Sebastian Mallaby
https://www.amazon.com/Man-Who-Knew-Times-Greenspan/dp/1594204845/
This biography of Alan Greenspan centers on a central question: Why did Greenspan, despite expressing concern about the housing market before his retirement, not take meaningful action to prevent the worst recession since the Great Depression? The author, a fellow at the Council on Foreign Relations and a columnist at The Economist, dismisses that Greenspan resisted regulation of markets. Instead, Mallaby suggests Greenspan became “imprisoned by his reputation.” He came to believe his own myth and crossed the line from being “maestro” of the economy to being its main steward. - The Curse of Cash: How Large-Denomination Bills Aid Crime and Tax Evasion and Constrain Monetary Policy
by Kenneth S. Rogoff
https://www.amazon.com/Curse-Cash-Large-Denomination-Constrain-Monetary/dp/0691178364/
The world is drowning in cash―and it’s making us poorer and less safe. The Curse of Cash offers a plan for phasing out most paper money―while leaving small-denomination bills and coins in circulation indefinitely―and addresses the issues the transition will pose, ranging from fears about privacy and price stability to the need to provide subsidized debit cards for the poor. - Warren Buffett’s Ground Rules: Words of Wisdom from the Partnership Letters of the World’s Greatest Investor
by Jeremy C. Miller
https://www.amazon.com/Warren-Buffetts-Ground-Rules-Partnership/dp/0062415565/
Using the letters Warren Buffett wrote to his partners between 1956 and 1970, a veteran financial advisor presents the renowned guru’s “ground rules” for investing—guidelines that remain startlingly relevant today.
Jeremy Miller reveals how these letters offer us a rare look into Buffett’s mind and offer accessible lessons in control and discipline—effective in bull and bear markets alike, and in all types of investing climates—that are the bedrock of his success. - The FINTECH Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries
by Susanne Chishti, Janos Barberis
https://www.amazon.com/FINTECH-Book-Technology-Entrepreneurs-Visionaries/dp/111921887X/
The FINTECH Book is your primary guide to the financial technology revolution, and the disruption, innovation and opportunity therein. Written by prominent thought leaders in the global fintech investment space, this book aggregates diverse industry expertise into a single informative volume to provide entrepreneurs, bankers and investors with the answers they need to capitalize on this lucrative market. Key industry developments are explained in detail, and critical insights from cutting-edge practitioners offer first-hand information and lessons learned. - Game of Loans: The Rhetoric and Reality of Student Debt
by Beth Akers and Matthew M. Chingos
https://www.amazon.com/Game-Loans-Rhetoric-Memorial-Education/dp/069116715X/
College tuition and student debt levels have been rising at an alarming pace for at least two decades. These trends, coupled with an economy weakened by a major recession, have raised serious questions about whether we are headed for a major crisis, with borrowers defaulting on their loans in unprecedented numbers and taxpayers being forced to foot the bill. Persuasive and compelling, Game of Loans moves beyond the emotionally charged and politicized talk surrounding student debt, and offers a set of sensible policy proposals that can solve the real problems in student lending. - S. Incorporated
by Jennifer Rock and Michael Voss
https://www.amazon.com/B-S-Incorporated-Jennifer-Rock/dp/1634899059/
This is a satire of an American corporation that at one time made something tangible, but has succumbed to financialization and fantasy. The book, in short, offers a colonoscopy of the contemporary corporate world. This is a funny novel written by two survivors of the world they are lampooning. - Capital without Borders: Wealth Managers and the One Percent
by Brooke Harrington
https://www.amazon.com/Capital-without-Borders-Managers-Percent/dp/0674743806/
Capital without Borders reveals how wealth managers use offshore banks, shell corporations, and trusts to shield billions in private wealth not only from taxation but from all manner of legal obligations. And it shows how practitioners justify their work, despite evidence that it erodes government authority and contributes to global inequality. - The Richest Man in Babylon
by George S Clason
https://www.amazon.com/Richest-Man-Babylon-Revised-Paperback/dp/1530427711/
Beloved by millions, this timeless classic holds the key to all you desire and everything you wish to accomplish. This is the book that reveals the secret to personal wealth. The Richest Man in Babylon is a book by George Samuel Clason which dispenses financial advice through a collection of parables set in ancient Babylon. Through their experiences in business and managing household finance, the characters in the parables learn simple lessons in financial wisdom. Originally a series of separate informational pamphlets distributed by banks and insurance companies, the pamphlets were bound together and published in book form in 1926. - The Millionaire Next Door: The Surprising Secrets of America’s Wealthy
by Stanley Thomas
https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474/
This best wealth management book is all about how to build wealth in America, focusing on stories of ordinary people who went on to enter the elite Millionaire club with nothing much except for their hard work and perseverance to show. Everyone might acknowledge that hard work is a must for success but in the current context it acquires quite a different meaning, as the author shows with painstaking research how in most of the cases it is not inheritance, education or even intelligence which matters most, rather a persevering approach does. - The New Wealth Management: The Financial Advisor’s Guide to Managing and Investing Client Assets
by Harold Evensky, Stephen M. Horan, Thomas R. Robinson
https://www.amazon.com/New-Wealth-Management-Financial-Investing/dp/0470624000/
A definitive guide on modern wealth management techniques and what it takes to maximize the growth of clients assets while managing the element of risk efficiently. What sets apart this work is that it addresses the issue of managing multiple-client assets which are dealt with at length in most other works on portfolio and asset management. The author specifically deals with the problem of optimal asset allocation which holds a central place in the current approach to wealth management. An excellent work on the novel approach to wealth management and how to achieve optimal asset allocation for multiple clients. - A Wealth of Common Sense:Why Simplicity Trumps Complexity in Any Investment Plan (Bloomberg)
by Ben Carlson
https://www.amazon.com/Wealth-Common-Sense-Simplicity-Complexity/dp/1119024927/
An excellent book on wealth management for smart investing which brings out the power of simplicity by helping create an investment strategy which works without becoming dependent on complex tools and techniques. The author starts with the premise that stock market might be complex and the dynamics of market volatility might give the impression that a simple approach might never work well enough but in fact the exact opposite is true. He proposes that most of the complex strategies adopted for investing in stock market and wealth management are based on noise and short-term factors which have but little say in the long term view. Instead, he suggests that it’s much better to have a long term view and plan and focus on select factors that truly matter to be able to make better and more informed decisions. - Private Wealth Management:The Complete Reference for the Personal Financial Planner
by G. Victor Hallman, Jerry Rosenbloom
https://www.amazon.com/Private-Wealth-Management-Reference-Financial/dp/0071840168/
A complete wealth management book for modern private wealth manager which details all the aspects of financial planning and provides a solid theoretical and practical foundation for professionals to work upon. This work addresses most of the critical issues including setting up of financial objectives and creation of a custom investment and wealth management strategy suitable for a particular client in terms of investing in equities and fixed-income securities along with income and retirement planning. - Wealth Without Stocks or Mutual Funds
by John Jamieson, Randy Glasbergen
https://www.amazon.com/Wealth-Without-Stocks-Mutual-Funds/dp/0985197609/
This top wealth management book deals with alternative methods of wealth creation which do not rely on conventional options including stocks or mutual funds. The authors delve at length on how to explore the potential of real estate as a means of income generation which can rival the returns of any other traditional forms of investment. Usually, real estate is seen as more of a passive investment which can yield only a relatively low income in the short term, but in this work, the author brings out little known techniques for utilizing turnkey real estate investment solutions. They also discuss alternative ways of building wealth, repayment of debts and tips to keep in mind while banking. - Wealth Management Unwrapped, Revised and Expanded: Unwrap What You Need to Know and Enjoy the Present
by Charlotte B. Beyer
https://www.amazon.com/Wealth-Management-Unwrapped-Revised-Expanded/dp/1119403693/
This is a unique wealth management book in the sense that it intends to empower the reader by helping him or her make wise financial decisions. The author provides ample amount of information for readers to be able to choose their own financial advisors and realize that ultimately they are themselves responsible for their finances. Investors can learn what questions to ask financial advisors before utilizing their services, and more importantly, discover what kind of investors they are. This would help them make a better choice of financial services they might need or adopt suitable investment strategies as a do-it-yourself investor. - The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness
by Dave Ramsey
https://www.amazon.com/Total-Money-Makeover-Classic-Financial/dp/1595555277/
A practical guide on money management which offers a novel outlook on how to lead a debt-free financially independent existence. The author provides useful information on how to create an emergency fund, fight off all kinds of liabilities with a streamlined approach to money management. He also busts a number of money myths which keep people from realizing their financial potential. Adopting more of a straightforward approach, he addresses several financial issues including liabilities, explains how to keep track of their financial progress and finally regain control of their financial lives. - Wealth Management in the New Economy: Investor Strategies for Growing, Protecting and Transferring Wealth
by Norbert M. Mindel, Sarah E. Sleight
https://www.amazon.com/Wealth-Management-New-Economy-Transferring/dp/0470482699/
This top book on wealth management offers a complete overview of wealth management tools and techniques for professional wealth managers as well as avid investors. The author explains a number of key concepts related to wealth creation, risk management and asset protection along with their application for the benefit of the readers. He goes on to discuss finer aspects of portfolio management and how it can be used to manage the element of market risk rather elegantly. An excellent work for wealth managers and investors willing to defeat market volatility to protect and grow wealth in the modern economy. - Wealth Can’t Wait: Avoid the 7 Wealth Traps, Implement the 7 Business Pillars, and Complete a Life Audit Today!
by David Osborn, Eric G Dove, Greenleaf Book Group
https://www.amazon.com/Wealth-Cant-Wait-Implement-Business/dp/1626344191/
Stack the odds in your favor and start building your wealth today! David Osborn and Paul Morris, two of the most popular and celebrated wealth-building minds in the game today, have mastered the art and science of sustainable wealth creation through entrepreneurship, passion, and a relentless focus on growth, success, and fulfillment. In Wealth Can’t Wait, they share their decades of knowledge, debunk the myth that building wealth is often difficult, and demonstrate how you can create horizontal income streams to enjoy more financial freedom throughout your life. Far from a get-rich-quick formula, Wealth Can’t Wait equips you with a comprehensive set of wealth-building skills that will serve you throughout your life. The book’s valuable tips, building blocks, and lessons from the authors’ own experiences will inspire you to start achieving your financial ambitions today. - FinTech Innovation: From Robo-Advisors to Goal Based Investing and Gamification
by Paolo Sironi
https://www.amazon.com/FinTech-Innovation-Robo-Advisors-Investing-Gamification/dp/1119226988
This book presents analysis of the current financial and technology shift and offers clear insight into what happens when established economic interests collide with social transformation. Business models are changing in profound ways, and the impact reaches further than many expect; the democratization of banking is revolutionizing the wealth management industry toward more efficient and client-centric advisory processes, and keeping pace with these changes has become a survival skill for financial advisors around the world. - How to Make Money in Stocks: A Winning System in Good Times and Bad
by William J. O’Neil
https://www.amazon.com/gp/product/0071614133/
Through every type of market, William J. O’Neil’s national bestseller, How to Make Money in Stocks, has shown over 2 million investors the secrets to building wealth. O’Neil’s powerful CAN SLIM® Investing System―a proven 7-step process for minimizing risk and maximizing gains―has influenced generations of investors.
Recommended by Our Experts
Mark Fordree, CEO and founder of Ignition Wealth
- The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google
by Scott Galloway
https://www.amazon.com/Four-Hidden-Amazon-Facebook-Google/dp/0735213658
Amazon, Apple, Facebook, and Google are the four most influential companies on the planet. Just about everyone thinks they know how they got there. Just about everyone is wrong.
For all that’s been written about the Four over the last two decades, no one has captured their power and staggering success as insightfully as Scott Galloway.
Instead of buying the myths these companies broadcast, Galloway asks fundamental questions. How did the Four infiltrate our lives so completely that they’re almost impossible to avoid (or boycott)? Why does the stock market forgive them for sins that would destroy other firms? And as they race to become the world’s first trillion-dollar company, can anyone challenge them? - Good to Great: Why Some Companies Make the Leap…And Others Don’t
by Jim Collins
https://www.amazon.com/Good-Great-Some-Companies-Others-ebook/dp/B0058DRUV6
Built to Last, the defining management study of the nineties, showed how great companies triumph over time and how long-term sustained performance can be engineered into the DNA of an enterprise from the verybeginning.
But what about the company that is not born with great DNA? How can good companies, mediocre companies, even bad companies achieve enduring greatness? - Zero to One: Notes on Startups, or How to Build the Future
by Peter Thiel, Blake Masters
https://www.amazon.com/Zero-One-Notes-Startups-Future/dp/0804139296
If you want to build a better future, you must believe in secrets.
The great secret of our time is that there are still uncharted frontiers to explore and new inventions to create. In Zero to One, legendary entrepreneur and investor Peter Thiel shows how we can find singular ways to create those new things.
Zero to One presents at once an optimistic view of the future of progress in America and a new way of thinking about innovation: it starts by learning to ask the questions that lead you to find value in unexpected places. - Secrets of Online Entrepreneurs: How Australia’s Online Mavericks, Innovators and Disruptors Built Their Businesses … And How You Can Too
by Bernadette Schwerdt
https://www.amazon.com/Secrets-Online-Entrepreneurs-Australias-Innovators/dp/0730320340
Discover the secrets of success behind Australia’s top online businesses and maximise your own online potential
Secrets of Online Entrepreneurs is the ultimate ‘how to’ guide for creating, building, and selling an online business. Packed with inspiring stories of how some of Australia’s most successful online entrepreneurs built their businesses, these internet mavericks will reveal the secrets of their success and provide valuable insights into how anyone with a hobby, passion, or innovative business idea can take advantage of the vast opportunities that a global market now offers. - Elon Musk: How the Billionaire CEO of SpaceX and Tesla is Shaping our Future
by Ashlee Vance
https://www.amazon.com/Elon-Musk-Billionaire-SpaceX-Shaping-ebook/dp/B00SIDCSWY
South African born Elon Musk is the renowned entrepreneur and innovator behind PayPal, SpaceX, Tesla, and SolarCity. Musk wants to save our planet; he wants to send citizens into space, to form a colony on Mars; he wants to make money while doing these things; and he wants us all to know about it. He is the real-life inspiration for the Iron Man series of films starring Robert Downey Junior.
Elon Musk is the Steve Jobs of the present and the future, and for the past twelve months, he has been shadowed by tech reporter, Ashlee Vance. Elon Musk: How the Billionaire CEO of Spacex and Tesla is Shaping our Future is an important, exciting and intelligent account of the real-life Iron Man.
Cindy Taylor, President at Fintegration and Publisher of FintekNews
- Blockchain Revolution
by Don Tapscott & Alex Tapscott
http://blockchain-revolution.com/
The first book to explain why blockchain technology will fundamentally change what we can achieve online, how we do it, and who can participate.
Don Tapscott, writing with his son Alex, a financial analyst and technologist, argues that the blockchain will shape the next era of prosperity—in finance, business, healthcare, education, governance, and beyond.
Paolo Sironi, FinTech Thought Leader at IBM Watson Financial Services
- The Aspirational Investors
by Ashvin Chhabra
http://www.aspirationalinvestor.com/
The Chief Investment Officer of Merrill Lynch Wealth Management explains why goals, not markets, should be the primary focus of your investment strategy—and offers a practical, innovative framework for making smarter choices about aligning your goals to your investment strategy.
The Aspirational Investor is a practical, innovative approach to managing wealth based on key goals and the careful allocation of risks rather than responding to the whims of the financial markets. Chhabra introduces his “Wealth Allocation Framework,” which accommodates the three seemingly incompatible objectives that must underpin every sound wealth management plan: the need for financial security in the face of known and unknowable risks; the need to maintain current living standards over time despite inflation; and the need to pursue aspirational goals for wealth creation. - Goals-Based Wealth Management: An Integrated and Practical Approach to Changing the Structure of Wealth Advisory Practices
by Jean L. P. Brunel
http://eu.wiley.com/WileyCDA/WileyTitle/productCd-1118995902.html
Goals-Based Wealth Management is a manual for protecting and growing client wealth in a way that changes both the services and profitability of the firm. Written by a 35-year veteran of international wealth education and analysis, this informative guide explains a new approach to wealth management that allows individuals to take on a more active role in the allocation of their assets. Coverage includes a detailed examination of the goals-based approach, including what works and what needs to be revisited, and a clear, understandable model that allows advisors to help individuals to navigate complex processes. The companion website offers ancillary readings, practice management checklists, and assessments that help readers secure a deep understanding of the key ideas that make goals-based wealth management work. - MiFID II: Value-Generation for Investors
By Paolo Sironi, Maurizio Ravezzi
http://riskbooks.com/mifid-ii-value-generation-for-investors
MiFID II represents the most ambitious regulatory project to affect the modality of interaction among investors, distributors, advisors, and manufacturers. The book’s analysis of MiFID II will serve as a canvas to showcase how best practices, grounded in goal-based investing and probabilistic scenarios, will create a new framework. This framework will allow the reader to evade the pitfalls of progressively commoditized investment solutions, and avoid disruption to their business by harnessing the ‘human element’ to achieve sustained innovation.
Online & Media Sources
Due to the rapid pace of changes in the modern world, including FinTech and WealthTech, to stay afloat, it is important to be aware of the latest industry news and content. In this section, I offer a list of the most useful online sources:
- Bloomberg
https://www.bloomberg.com
As a global information and technology company, we connect decision makers to a dynamic network of data, people and ideas – accurately delivering business and financial information, news and insights to customers around the world. - CNBC
https://www.cnbc.com/
CNBC is the recognized world leader in business news and provides real-time financial market coverage and business information to approximately 385 million homes worldwide. - Financial Times
https://www.ft.com/
The Financial Times is one of the world’s leading news organisations, recognised internationally for its authority, integrity and accuracy. It is part of Nikkei Inc., which provides a broad range of information, news and services for the global business community. - Financial Advisor IQ
http://financialadvisoriq.com
Financial Advisor IQ (FA-IQ) is one of the fastest growing advisor resources. FA-IQ informs, educates, and connects you with daily news, a network of peer-reviewed industry content, and CFP and CIMA certified webcasts - Investopedia
https://www.investopedia.com/
Investopedia is the largest financial education website in the world. - Wealth Management Today
https://wmtoday.com/
Wealth Management Today is an information portal that delivers thought-provoking content and spreads good karma throughout the industry. - Entrepreneur
https://www.entrepreneur.com/topic/wealth
Advice, insight, profiles and guides for established and aspiring entrepreneurs worldwide. Home of Entrepreneur magazine. - Independent
http://www.independent.co.uk/topic/Wealth
The Independent is a British online newspaper. It tends to take a pro-market stance on economic issues. - Business Insider
http://www.businessinsider.com/
Business Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. - The Economist
https://www.economist.com/
The Economist is an English-language weekly magazine-format newspaper owned by the Economist Group and edited at offices in London.
Recommended by Our Experts
Patrick Herrington, CCO and COO at Appleseed Capital.
- Nerd’s Eye View (Michael Kitces)
https://www.kitces.com/
He writes about financial planning strategies and practice management ideas, and has created several businesses to help people implement them. - T3 Technology Hub
http://t3technologyhub.com/
T3 Technology Hub provides the latest news plus in-depth reporting on financial services technology. - FPPad
http://fppad.com/
FPPad empowers financial advisers to use technology to deliver objective, affordable advice to everyone. - ThinkAdvisor (Angie Herbers)
http://www.thinkadvisor.com/author/angie-herbers
She guides independent financial advisors to long-term, scalable growth by creating and executing customized growth strategies. - Blogs of the leading financial companies:
Schwab, eMoney, Envestnet, Junxure, AdvisorEngine, etc.
Lex Sokolin, Global Director Fintech Strategy at Autonomous Research
- Autonomous NEXT
A leading independent research provider on the financial sector. In-depth, unbiased investment research on global banks, brokers, asset managers, insurance, information services, payment-technology, mortgage finance and consumer finance companies.
Theme Summaries. Roboadvisors
https://next.autonomous.com/roboadvisors
Thoughts on Developing Themes
https://next.autonomous.com/thoughts
