Wealth Management Basics
What is the main goal of wealth management?
To help high-net-worth individuals grow and protect their wealth.
What does “CFP” stand for?
Certified Financial Planner.
What does FP&A stand for in corporate finance?
Financial Planning & Analysis.
What are the three main financial statements?
Income Statement, Balance Sheet, Cash Flow Statement.
In what year was Michigan State University founded?
1855
Name two common services offered by wealth managers.
Investment management and tax planning.
What does “CFA” stand for?
Chartered Financial Analyst.
In equity research, what is a typical deliverable for clients?
Research reports with valuation models and investment recommendations.
What does the Balance Sheet show?
A company’s assets, liabilities, and shareholders’ equity at a point in time.
How many Final Four appearances has Michigan State men’s basketball made under Tom Izzo?
10
What are the four stages of the Wealth Management Cycle?
Planning & Budgeting, Customer Need Assessment, Operating & Monitoring, Evaluation & Reporting.
What’s the minimum education requirement to pursue these certifications?
A bachelor’s degree (four years of college/university).
Which finance career usually has the longest weekly hours?
Investment Banking (80–100 hours).
What does the Income Statement show?
A company’s revenues, expenses, and net income over a period.
How old is Tom Izzo?
70 years old (born January 30, 1955)
What’s the typical weekly workload for wealth managers?
Around 50–60 hours per week.
Which skill is most important for building long-term client trust?
Interpersonal communication.
What kind of clients does equity research primarily serve?
Institutional investors, hedge funds, and portfolio managers.
What is Free Cash Flow (FCF)?
Cash generated by a company after accounting for operating expenses and capital expenditures.
What year did the Eli Broad College of Business officially open the Minskoff Pavilion?
2019
Name three types of clients typically served in wealth management.
HNWIs, UHNWIs, and family offices/institutional clients.
What is one major difference between wealth management and investment banking in client focus?
Wealth management focuses on long-term personal relationships; investment banking focuses on short-term transactional relationships.
What are the three main activities of investment banking?
IPOs, M&A, and capital raising.
What is the primary goal of corporate finance?
To maximize shareholder value through investment and financing decisions.
What is the slogan on the Sparty statue plaque?
“Spartans Will.”