Students must complete the following courses to earn their WMCP®:
WMCP 360: Introduction to Goal-Based Planning
This course introduces goal-based wealth management. The course provides a theoretical framework guided by the life-cycle model of optimal investing, borrowing, and protection. Students will learn the essentials of implementing a goal-based plan by evaluating a client’s financial information, developing communication skills, recognizing how behavioral finance impacts client decisions, understanding the economic environment and financial regulation, and recognizing and overcoming ethical challenges.
WMCP 361: Efficient Investment Portfolios
This course explains modern investment theory and provides an overview of financial instruments used to build efficient goal-based portfolio strategies for individual investors. Students will learn how to combine investments to design portfolios that provide investors with higher expected returns and less expected risk. Topics include statistical concepts related to risk assessment and portfolio evaluation, evidence-based practices in portfolio construction, and characteristics of financial products designed to meet a range of client goals.
WMCP 362: Strategic Wealth Management
This course provides an overview of applied goal-based wealth management strategies. These include income and investment tax planning, rules and efficient use of tax-sheltered accounts, asset location, savings and distributing retirement assets, planning for funding education, estate, and charitable goals, executive compensation, small business planning, investing for diverse family structures, and managing defined contribution plans. Students will understand how to use accounts and strategies to help clients meet investment goals more effectively.