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Wharton School of Business

Private Wealth Management Program

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Wharton Private Wealth Management Program -- Professor Richard Marston

Next dates

May 5—10
6 days
Philadelphia, Pennsylvania, United States
USD 10500
USD 1750 per day
Aug 4—9
6 days
Philadelphia, Pennsylvania, United States
USD 10500
USD 1750 per day


Whether wealth arrives predictably or suddenly, many wealthy families find financial decision-making to be a major challenge. For almost 20 years, Wharton and the Institute for Private Investors (IPI) have provided education to help high-net-worth families better manage their assets and work with advisors to achieve their financial goals. Private Wealth Management provides the foundation of knowledge necessary to oversee substantial wealth.

Program Highlights & Benefits

In Private Wealth Management, you will:

  • Increase your depth of knowledge in key areas of private wealth management
  • Learn the latest thinking in modern portfolio theory, global markets, asset allocation, family governance, and manager selection
  • Meet and collaborate with others who are also part of a family with substantial assets and have the need for family asset management

Experience & Impact

Regardless of whether you are transitioning leadership from one generation to another, selling a business, or simply trying to make better decisions regarding your family‘s wealth, Private Wealth Management Program offers a unique learning opportunity. This immersive, five-day course will give you the knowledge and the confidence needed to achieve your wealth management goals.

The program, first designed for IPI in 1999, allows participants to increase their depth of knowledge in key areas of wealth management, while having the unusual opportunity to meet and work with others, like themselves, who are part of a family with substantial assets. The case study for the program is directly related to private wealth management issues and current market challenges.

Wharton faculty, led by Richard C. Marston, PhD, a leading expert on international investing, apply their field-based research and the latest strategic insights to help you broaden your perspective on how to make your organization more competitive.

Session topics include:

  • Performance Measurement and Manager Evaluation
  • Historical Returns in Markets
  • Post-crisis Markets
  • Modern Portfolio Theory
  • Family Governance and Wealth Transfer
  • Asset Allocation
  • Benchmarks
  • Hedge Funds: Evidence and Case Studies
  • Wealth Management Unwrapped

As part of the core curriculum, the program places you within the Currency Family, a fictitious family with business and investment interests worldwide. You and your fellow participants will make decisions that will affect the family’s wealth and members of the family for generations to come.

This distinctive Wharton experience uses class lectures, interactive casework, and participants‘ personal experiences to increase your depth of knowledge in key areas of wealth management and prepare you to apply it to your own situation.

Who should attend

Private Wealth Management is designed for family members whose family is in transition from illiquid to liquid assets, or whose leadership is shifting from one generation to the next. The program also attracts financially sophisticated individuals who seek a more disciplined strategy for today’s financial markets and individuals looking for a current and rigorous curriculum on wealth management.

Participants in this program are a diverse group of global investors from multiple geographies. Faculty tailor the program content to reflect the needs of the participants, so they enjoy an executive education experience that truly resonates with them and meets their learning needs.

Participants leave the program with an expanded peer network, plus specific tools and frameworks they can use to be more.


Education PhD, University of Chicago, 1972; MBA, University of Chicago, 1971; BA, University of Chicago, 1968 Career and Recent Professional Awards; Teaching Awards Outstanding Professor Award, Evening School, 1990 Academic Positions Held Wharton: 1973-present. Jeffrey F. Jaffe and Anup Agr...
Charlotte founded the Institute for Private Investors (IPI) in 1991 to help improve the relationship between wealthy investors and their financial advisors. She also later launched the Investor Education Collaborative in 2004 to continue to spread the message of IPI, where she served as CEO for 2...
Education 1995 Ph.D. Economics, Harvard University 1992 M.A. Economics, Harvard University 1990 B.S. Computer Science, Ohio State University 1990 B.S. Economics, Ohio State University Florian Scheuer and Kent Smetters (Under Review), Could a Website Really Have Doomed the Health Exchanges? M...


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