B U S I N E S S The Essentials of Wealth Management W ealth management is much more than just investing your assets. It encompasses all parts of our financial life, focusing on current and future needs. Whether you accomplish this on your own, with the assistance of professionals, or using a combination of the two, it is important to possess the confidence and basic knowledge to navigate this complex maze. Since 2000, we have witnessed the tech bubble (2000), the financial crisis (2007), and, most recently, the pandemic (2020). When markets are moving up, there understand- ably can be less emphasis on planning. However, as we know, markets do not always go up. It’s not uncommon for less experienced investors to question their overall wealth plan during these downturns. This introduc- tory course is tailored for those who want a clearer understanding of how their finances work and might be confused or overwhelmed about where to begin. We will address the core wealth management concepts: goal setting, customizing a simple investment policy statement, basic cash flow modeling, risk assessment, liability management, the pulls of behavioral finance on decision-making, alternative investments, equity and fixed income analysis, benchmarking, employee benefits, basic option strategies, and retirement planning. This course can be useful for anyone interested in gaining an elementary foundation in wealth management that will help guide your financial future. k u rt C a r r a Squ i ll a Senior Vice President, Morgan Stanley Kurt Carrasquilla initially worked in corporate finance for a Kleiner Perkins–funded tech company that went public and has been with Morgan Stanley since 1993. He assists clients with all aspects of their wealth manage- ment, from portfolio construction to life planning. He has taught finance courses since 1998 and has received multiple teaching-excellence awards. He received an MBA in finance from Golden Gate University. BUS 195 Mondays, 6:00 – 8:20 pm (PT) 5 weeks, June 26 – July 31 No class on July 3 1 unit, $545 Refund Deadline: June 28 Course Format: On-campus Pierre-Joseph Redouté (1759–1840), Foxgloves from La Botanique de J. J. Rousseau. Original from the Library of Congress. Digitally enhanced by rawpixel. Learn more about our new Continuing Studies course “Drawing Flowers: An Introduction to Botanical Art” (page 16). 75 R EGIS T R AT IO N F O R AL L C O UR S ES B EGINS ON MONDAY, MAY 22, AT 8:30 A M (P T ) R EGIS T ER O NL INE AT C O NT INUINGSTU DIES.STA NFORD.EDU