Private wealth management training includes an overview of investment procedures and protocols. Participants learn how to work with wealthy individuals or families and how to communicate with high-end investment groups. Training sessions also enhance participants' understanding of the consulting process.
Wealth management courses typically focus on developing individuals into effective leaders equipped to make wise financial decisions. Training is extensive and consists of teaching hedge fund management, asset management, lending regulations, risk factors, global investing, economic cycles, estate planning, tax planning, investment polices and wealthy lifestyle management.
Private wealth management training is available in-house and through seminars and workshops. Companies also offer training in which individuals can take individual courses. The cost of private wealth management courses varies widely; for example, as of 2010, New York's Institute of Finance offers a two-day wealth management course for $2,475.