SUMMER2009 Hands-on FINANCE Training program
A Primer on PErsonal financial planning
Global financial services institute
william paterson university
Introduction
TheFifth Hands-on Finance Training Program is organized by the Global Financial Services Institute at William Paterson University and several well known universities in China. It will take place in Wayne, New Jersey from July 16thto August 5th, 2009(Intermediate Class). We have successfully hosted the training program in August 2007, February 2008, August 2008 and February 2009. Communities from both Chinese and our universities benefited significantly from this experiential learning program. The main purpose of the 2009 Summer Hands-on Finance Training Program is to let Chinese college students learn about modern financial systems, financial planning practices, and finance teachings in the U.S.The program pays special attention to improve students' ability to do their own financial planning analysis and management.
Innovative Characteristics of Summer 2009Program
The Summer 2009 Hands-on Finance Training Program has the following unique advantages:
1．Global Financial Services Institute has equipment, data, and software needed in modern finance. The facility is excellent for students to learn finance and improve their own ability in financial analysis and investment.
2．Global Financial Services Instituteis located in Wayne, New Jersey, only 20 miles away fromNew York City. It is convenient to visit international financial center and gain experienceof financial practice.
3．Global Financial Services Institutehas extensive relationship with the world-class finance authority, experts, professors, and other Wall Street practitioners. We will invite them to come and teach courses and give speeches.
4．Global Financial Services Institutehas developed numerous financial training projects such as "Student Managed Portfolio". Chinese students can work with the US student fund managers and improve mutual understanding.
5．William Paterson University has been approved by the CFP Board to provide a board registered CFP program.
ActivitiesofSummer 2009 Hands-on Finance Training Program
I. Time
Three weeks, July 16thto August 5th, 2009 (Intermediate Class)
II. Guiding Principles
We aim to provide an in depth training on new concepts and knowledge of personal financial planning, and use hands-on approach to improve students’ ability to understand and dofinancial planning.
III.Training Content
- Basic knowledge of financial markets, organizations, and products;
- Introduction to Personal Financial Planning and global-based planning;
- Fund analysis using Morningstar advisor work station; and
- Risk Management & Insurance, Retirement Planning and Estate Planning.
IV.Time Arrangement in the U.S.
During first two weeks, from Monday to Friday, we will concentrate on training in Global Financial Services Institute’s Financial Learning Center (Listen to speeches, lectures, the hands-on practice, exchange with American students, visit the financial markets, and organizations, etc.). At the weekend, we will arrange visits to New York City, New Jersey, Washington and other places. For the third week we will take students to Great Canyon, Las Vegas and LA to enjoy the west coast cities of USA.
V. Qualifications of Trainee
Participants for the 2009Hands-on Finance Training Programshould have
- Undergraduate education at accredited China universities (Including the undergraduate students); and
- Basic finance and economics knowledge.
VI. Training School and Certificate
The Summer 2009Hands-on Finance Training Programwill be offered at the Global Financial Services Institute at William Paterson University. Participants will receive a certificate from the Institute at the end of the program. Outstanding students will receive a "Young Financial Planning Professional "and other certificate such as Bloomberg Certificate.
VII. Number of Participants
30- 50 people.
VIII. Places to Visit
New York, New Jersey, Philadelphia, Washington DC,Boston, Las Vegas, LAetc.
2009 Hands-on Finance Training ProgramContact
Ms. Aliyah Xu
Assistant Director of China Initiatives
Global Financial Services Institute
William Paterson University, 1600 Valley Road, Wayne, NJ 07470
Tel: 973.720.3892 Fax: 973.720.6315
Email:ebsite:
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Schedule of the Summer2009 Hands-on Finance Training Program (Intermediate Class)
Hour / July16th Thursday / July17stFriday / July18th
Saturday / July 19th Sunday / July20th
Monday / July21st Tuesday / July22nd Wednesday
8:00 -8:45a.m. / Breakfast / Breakfast / Breakfast / Breakfast / Breakfast / Breakfast.
Session I
9:15 –10:30 a.m. / Arrive USA / Leave hotel: 9:30am
Topic: NYSE 11:00 -12:30 am
Location: New York
Instructor: Hana Kil / Topic: Intro to PFP, FPA v SEC, future directions
Location: Trading Floor, GFSI
Instructor:Nick Nicolette, Sterling W.M. ® / Leave hotel: 7:30am
Statue of Liberty 9:00am / Topic: Investing: Portfolio mgmt
Location: Trading Floor, GFSI
Instructor:
Brent Beene, Regent Atlantic® / Leave hotel for MIT / Leave Boston to Connecticut
10:30 –10:45 a. m. / Break / Break / Break
Session II
10:45 a.m. –12:00 p.m. / Topic: Intro to PFP, FPA v SEC, the future
Location: Trading Floor, GFSI
Instructor: Nick Nicolette, Sterling W.M. ® / Topic: Investing: Behavioral finance
Location: Trading Floor, GFSI
Instructor:
Brent Beene, Regent Atlantic® / Visit MIT
12:00 –1:00p.m. / Lunch / Lunch / Lunch / Lunch / Lunch
Session III
1:00 –2:30 p.m. / Topic: Bloomberg Visit 2:00 -3:30pm
Location: New York, NY
Instructor:Judy Shen / Topic: Risk Mgmt & Insurance
Location: Trading Floor, GFSI
Instructor: Statefarm Life Insurance® agent / Time Square
Rockefeller center
5th Ave
Central Park / Topic: Fund Analysis using Morningstar® Advisor Work Station
Location: Trading Floor, GFSI
Instructor: Taylor Thomas, Highland® / Visit Harvard University / Visit Yale University
2:30 –2:45p.m. / Break / Break / Break
Session IV
2:45–4:00 p.m. / 4:30 Visit Columbia University / Topic: Risk Mgmt & Insurance
Location: Trading Floor, GFSI
Instructor: Statefarm Life Insurance® agent / Topic: Fund Analysis using Morningstar®
Location: Trading Floor, GFSI
Instructor: Taylor Thomas, Highland® / Tour Boston Downtown
4:00 – 6:00 p.m. / Study in Trading Floor for Bloomberg program / Back to WPU / Study in Trading Floor / Back to WPU
6:00 – 7:00 p.m. / Dinner / Dinner / Dinner / Dinner / Dinner / Dinner
Hour / July23rdThursday / July24st
Friday / July25th
Saturday / July 26th Sunday / July27th
Monday / July28th Tuesday / July29th Wednesday
8:00 –8:45 a.m. / Breakfast / Breakfast / Breakfast / Breakfast / Breakfast / Breakfast. / Breakfast.
Session I
9:15 –10:30 a.m. / Topic: Fiduciary responsibility,
Location: FLC
Instructor: Tom Orecchio, Modera WM®
Break / Visit West Point / Topic: Goal based planning
Location: GFSI
Instructor: Chad Blythe of MoneyGuidePro / 9:00 leave hotel
Visit Princeton University / Visit John Hopkins University / DC Capitol Hill / DC museum tour
Aviation museum
Art and history museum
10:30 –10:45 a. m. / Topic: / Break / Break / Break
Session II
10:45 a.m. –12:00 p.m. / Compensation, conflicts of interest and regulations
Location: FLC
Instructor: Tom Orecchio, Modera WM® / Topic: Goal based planning
Location: GFSI
Instructor: Chad Blythe of MoneyGuidePro / White House
12:00 – 1:00 p.m. / Lunch / Lunch / Lunch / Lunch
Session III
1:00 –2:00 a.m. / Topic: Present a financial plan
Location: FLC / Woodbury
Outlet shopping / U Penn, Wharton Business School / Baltimore sightseeing / Washington Monument / Jefferson Memorial
2:00 - 2:15 p.m. / Topic: Students present financial plan
Location: Russ-Berrie Institute / 2:00 – 3:00pm Closing Ceremony at Main Campus / World War II memorial
Reflection Pool / Roosevelt memorial
Session IV
2:15–4:00p.m. / Philly visit / Lincoln memorial
4:00 – 6:00 p.m. / Study in Trading Floor / Back to WPU
6:00 – 7:00 p.m. / Dinner / Dinner / Dinner / Dinner / Dinner / Dinner / Dinner
Third Week Travel Schedule
July 30 Fly to Las Vegas
July 31Tour Las Vegas
August 1Tour Grand Canyon
August 2Tour LA
August 3Tour Disney
August 4Tour LA beaches
August 5Leave from LA back China
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