PHILADELPHIA, Oct. 27, 2008 (GLOBE NEWSWIRE) -- The Wharton School of the University of Pennsylvania today announced that Wharton Executive Education has launched a new wealth preservation program for high-net-worth investors in response to the pressing need for strategic wealth management knowledge in the present economic crisis. Wealth Preservation in an Age of Uncertainty will draw upon diverse experts from Wharton's top-ranked Finance Department. The program, which is designed for investors with between $5 million and $30 million in assets, will be launched December 14-17, 2008, in time for individuals to consider end-of-year tax implications of their decisions.
"We haven't seen this environment before," says Thomas J. Colligan, Wharton's vice dean of executive education. "Investors are asking: How do we cope in the midst of all the turmoil? At Wharton, we have tools that can help people in times like this. I don't think there is a faculty in the world that better understands the markets. We are independent. We are a research university. Access to the best research in the world in a time of uncertainty is a tremendous advantage."
Wealth Preservation in an Age of Uncertainty meets a crucial need for investors who may be questioning their long-run investment plans or losing trust in the financial system itself. "With the uncertainty in the financial markets over the last year or so, many high-net-worth investors have questioned not only the advice of their trusted advisors but the basic institutions that form the bedrock of our markets and our financial system," says Christopher Geczy, academic director of the program and adjunct associate professor of finance. "Some large and well-known firms with substantial advisory operations have failed, leaving investors feeling anxious over the future of their wealth management."
The three-day program will alert investors to key information they need to make sound investment decisions in uncertain times. It examines such issues as how the economy relates to investment choices, the fundamentals of investment theory and practice, common mistakes high-net-worth investors make and how to avoid them, and how to evaluate advisors and build effective relationships with them.
The program draws upon not only Wharton's expertise in finance, but also its extensive experience in delivering executive education in wealth management disciplines. For over 125 years, the Wharton School has been the top thought leader in the field of finance, developing influential financial tools for global markets and formulating financial practice and policy.
The new program is part of Wharton's larger Wealth Management Initiative. Chris Geczy, also academic director for the Initiative, describes the launch of this program as the next step in Wharton's dedication to the broad discipline of wealth management. "Among its goals, the Initiative seeks to enhance programming both directly from Wharton and from the wide array of offerings Wharton has developed with leading industry associations."
Learn more about the Wealth Preservation program here: http://executiveeducation.wharton.upenn.edu/open-enrollment/finance-programs/wealth-preservation.cfm
Executive Education at the Wharton School
The Wharton School of the University of Pennsylvania - founded in 1881 as the first collegiate business school - is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education. The most comprehensive source of business knowledge in the world, Wharton bridges research and practice through its broad engagement with the global business community. The School has more than 4,600 undergraduate, MBA, executive MBA, and doctoral students; more than 12,000 annual participants in executive education programs; and an alumni network of more than 84,000 graduates.
Informed by in-depth, groundbreaking academic research and extensive industry experience, Wharton Executive Education programs can span anywhere from a few days to six weeks or longer. Each executive education program offers a supportive and challenging context where participants gain the skills necessary for their next level of executive development. Participants who come to Wharton from a diverse range of industries engage with faculty who are the most cited, most published faculty of all top-tier business schools. With a profound influence upon global business, Wharton faculty are the sought-after, trusted advisors of corporations and governments worldwide.
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Media Contacts
Wendy Parsons Director of Marketing Communications Aresty Institute of Executive Education The Wharton School University of Pennsylvania +1.215.898.7239 http://mailto:parsonsw@wharton.upenn.edu
Chris Geczy Academic Director, Wharton Wealth Management Initiative Adjunct Associate Professor of Finance The Wharton School University of Pennsylvania +1.215.898.1698 geczy@wharton.upenn.edu