Wealth Management Workshop | Bachelor's Degree in Business

Workshop members also receive professional development opportunities, including guidance and training with Kelley School of Business alumni and other professionals in the field. These professionals are in industries where the Workshop training is in high demand such as banks, insurance companies, brokerage house, and financial planning firms.

Professionals in this field analyze the financial health of clients, solve financial problems, and establish strategies for meeting goals. They serve as advisors, counselors, and consultants. Employment opportunities in this area are growing twice that of the national average of other opportunities.

Workshop Application and Admission

Sophomores and juniors

Accepted students will generally have an above average GPA. The essay should make evident the applicant’s understanding of and passion for the financial planning industry.

Applications open on September 13th and close on September 30th.

Mid-October

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Core Competencies, Courses, and Careers

Fundamentals of Financial Planning: Introduction to financial planning process, standards and ethics, time value of money, personal financial statements, and budgeting
Investments Planning: Investment management theories and strategies, portfolio management, asset allocation and diversification
Behavioral Financial Planning: Identifying cognitive biases and heuristics; learning how a client's psychology affects their financial planning process
Tax Planning: Tax compliance and planning strategies; impacts of taxes on financial decisions
Retirement Planning: Retirement savings and income planning, qualified vs. non-qualified retirement plans, Social Security, and Medicare
Risk Management: Risk management strategies, insurance types, and uses
Estate Planning: Wills, trusts, estate settlement, and gift types
Capstone Course in Financial Planning: Integration and application of financial planning, case studies/client scenarios, and development of a comprehensive financial plan

Workshop Required Courses: 19.5 hours total

Courses that count toward the Kelley finance major:

BUS-F365 Personal Financial Planning (3 credits)
BUS-F369 Insurance, Risk Management, and Retirement Planning (3 credits)
BUS-F420 Equity and Fixed Income Investments (3 credits)
BUS-A327 Tax Analysis (1.5 credits)
- Note: Finance and Accounting double majors take BUS-A329 Taxes and Decision Making (3 credits), instead of BUS-A 327 AND BUS-A 333 (TOPIC: Taxes & Financial Planning for Individuals)

Additional courses beyond the Kelley finance major:

BUS-L310 Law of Financial Planning (3 credits) or BUS-F355-Estate Planning and Trusts (3 credits)
- Note: F355 – Estate Planning and Trusts + F365 can be taken in place of L310 to satisfy the CFP Education ethics component
BUS-A333 Taxes and Financial Planning for Individuals (1.5 credits)

The following two practicum courses are only available to WMW student members:

BUS-F416 Wealth Management Workshop (3 credits)
BUS-F355 Wealth Management Workshop/practicum (1.5 credits)

Firm visits, presentations, and networking events: Every semester, firms visit with WMW students to network and showcase internship and full-time career opportunities
Peer networking and collaboration: The WMW promotes a collegial environment—we help each other to learn, develop and become financial planning professionals
Opportunities to obtain licenses and certifications: The WMW has relationships with eMoney and Holistiplan to enable students to get certifications in eMoney Advisor (financial planning) and Holistiplan (tax planning for financial planning professionals) before they graduate from college
Assistance with the Security Industry Essentials (SIE) Exam

Students gain the comprehensive knowledge and practical skills essential for a successful career in the financial planning industry. Example roles include:

Financial planner
Investment advisor
Wealth advisor
Retirement planning specialist
Estate planning specialist

These professionals work in banks, financial planning firms, brokerage houses, and insurance companies where WMW training is in high demand.

Workshop Time Commitment

To be in good standing in the Workshop, a Workshop member must show a commitment to attending the joint meetings of the Workshop and the Financial Planning Association Club. For the meetings, there is an attendance requirement. Members who miss more meetings than allowed will first receive a warning and, if the behavior persists, could be removed from the Workshop.