BUSI - 3470U - Wealth Management Principles

2024-2025 - UG - New Course

completed

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(A) Proposal summary
Next
  • STEP 1 - Complete the proposal summary information
  • Home faculty*
    Choose your faculty from the list of available options.
  • This new course is associated with the following:*
  • Will this new course appear anywhere other than the course description section of the calendar?*
    Select 'yes' if the new course will be placed in a program map or in a list of electives on a program page in the calendar. Select 'no' if the new course is to be added to the bank of courses only.

  • If you answered yes to the above, please complete the following additional proposals to show course placement on program pages in the calendar:

    • A new core course for an existing program, specialization or minor, or a new elective course that is part of a defined list: Minor Program Adjustment
    • A new elective course for an existing program, specialization or minor, listed in the calendar as a recommended elective: Elective Course Placement
    • A new course (core or elective) related to a Major Program Modification: Major Program Modification.

    Complete one proposal for each impacted program, specialization or minor. Note: If the new course is for a new program, you do not need to show course placement as it will be captured in the new program proposal.

  • Program(s) impacted*

    BCom program (Finance major and minor only including co-op streams).

    Please list any other impacted programs including any applicable fields or specializations.
  • Calendar start date*
    When the course should first appear in the Academic Calendar (e.g., Fall 2021).
  • Registration start date*
    The first time the course will be open for registration (e.g., Winter 2021).
  • STEP 2 - Attach supporting documents, if applicable

  • Visit the files section of the toolbox on the right-hand side of the form to attach any supporting documentation.

  • Are you attaching any supporting documents?*
(B) Course information
Next
  • STEP 3 - Complete Section B

  • Important note: Please verify that the course code has not been previously used.

  • Course subject code*
    Any new subject codes must be verified by the Office of the Registrar. If you do not see a verified subject code listed, please contact ciqe@ontariotechu.ca.
    Course number*
    3470U
    3470U
    Course numbers must consist of a four digit numeric code and an alphabetic identifier. Normally, the alphabetic identifier distinguishes the course level, or the source delivery, where U represents undergraduate courses, and G represents graduate courses. New course numbers must be verified by the Office of the Registrar.
  • Course title (long form)*
    Wealth Management Principles
    Wealth Management Principles
    Titles should reflect the educational content of the course. The long form course title is displayed in the Academic Calendar and should conform to the university's Editorial Style Guide. Contact ciqe@ontariotechu.ca for assistance.
  • Course title (short form)*
    Wlth Mgmt Principles
    Wlth Mgmt Principles
    The short form course title is used for MyCampus and student transcripts. Titles should reflect the educational content of the course. Short form course titles are limited to 30 characters.
  • Subject area*
    The subject area is used to filter courses in the Academic Calendar. If you do not see an appropriate subject area listed, please contact ciqe@ontariotechu.ca.
  • Course description*

    The course of wealth management principles is designed to challenge the status quo by promoting personal financial planning as a profession.  Thus, its learning objectives and contents are aligned with the requirement and learning objectives of Certified Financial Planner (CFP)or Qualified Associate Financial Planner (QAFP) certifications as it is designed to close learning gaps while providing additional required technical education (core or advanced) to our finance and accounting students to advance confidently towards CFP or QAFP requirements.  More importantly, the course gives careful attention to professional ethics and the many behavioral factors that drive client decisions, even in complex scenarios. 

    The course will build on students’ prior knowledge (i.e., prerequisites) and provide new technical knowledge – the “foundational” elements of a competency that include the behaviors and required knowledge that support achievement of the financial planning tasks.

     

    Note. Certified Financial Planner (CFP) certification is the most widely recognized financial planning designation in Canada and throughout the world and is considered the 'gold standard' for the profession. Qualified Associate Financial Planner (QAFP) certification is a great way for students to start their career in financial planning and/or wealth management. QAFP professionals are ideally suited to help clients who want to improve their financial well-being.

    The course description should be a brief summary of the course content and should conform to the university's Editorial Style Guide as it is visible in the Academic Calendar. Contact ciqe@ontariotechu.ca for assistance.
  • Credit hours*
    3
    3
    A measure used to reflect the relative weight of a given course toward the fulfillment of degree requirements. Unless otherwise indicated, a course normally has a credit hour value of three.
  • Contact hours and instructional method
  • Contact hours

  • Contact hours describe the amount of time students spend engaging directly with the course and are listed in the Academic Calendar.

    Note: If the following non-required fields do not apply, please leave them blank (i.e., do not add 'n/a' as this content will import to the calendar).

  • Lecture hours
    3
    3
    The number of contact hours offered in lecture format. Note that each contact hour may consist of a variety of instructional methods and schedule types.
    Lab hours
    0
    0
    The number of contact hours offered in lab format. Note that each contact hour may consist of a variety of instructional methods and schedule types.
  • Tutorial hours
    0
    0
    The number of contact hours offered in tutorial format. Note that each contact hour may consist of a variety of instructional methods and schedule types.
    Other hours
    N/A
    N/A
    The number of contact hours offered in another format not already covered here (e.g., seven practicum hours). Note that each contact hour may consist of a variety of instructional methods and schedule types.
  • Instructional method

  • Instructional method describes the ways in which the contact hours of a course may be taught; all instructional methods that may apply to the contact hours above should be selected. Note that instructional methods (and scheduling information) are not listed in the Academic Calendar.

  • CLS (in-class delivery)*
    HYB (in-class and online delivery)*
  • IND (individual studies)*
    OFF (off-site)*
  • WB1 (virtual meet time - synchronous)*
    WEB (fully online - asynchronous)*
  • N/A (not applicable)*
  • Cross-listing(s)
    The practice of offering a single course under two different course codes.
  • Prerequisite(s) and Prerequisite(s) for Banner

    BUSI 2401U and BUSI 2402U

    A course that must be successfully completed prior to commencing a second course for which it is required. Note that this field will be visible in the calendar and cannot contain strings of text (e.g., upper-year Science courses) or special characters. Please include strings of text in the 'Course Restrictions' field. Use and or or to separate courses and use brackets for groups, e.g., (BUSI 2170U and BUSI 2202U) or (BUSI 2205U or BUSI 2210U).
  • Corequisite(s)
    A course that must be taken concurrently with the course for which it is required. If the course can be taken at a previous time, please see Prerequisite with Concurrency.
  • Prerequisite(s) with concurrency
    A prerequisite with concurrency (i.e., a course that may be taken either in advance of or at the same time as the course for which it is required). Use and or or to separate courses and use brackets for groups.
  • Credit restriction(s)

    BUSI 3430U                                                               

    This section is for instances where two or more courses are not equivalent, therefore a student is not eligible to receive credit for both towards their program. Students are restricted from registering in these credit restricted courses.
  • Credit restriction(s) - Equivalent course(s)

    BUSI 3430U                                                               

    Two courses are similar enough in content that they are considered equivalent so students can register in either course but they will only receive credit for one course in their program.
  • Recommended
    A recommended but not required prerequisite course. Use and or or to separate courses and use brackets for groups. Recommended prerequisites will not be added to Banner.
  • Course restrictions

                                                                 

    Any restriction that is required for a course (e.g., Must be registered in Year 4).
  • Course type
  • Course type*
  • Is the course undergraduate or professional?*
    E.g., some Education courses are classified as professional.
  • Grade mode
  • Grade mode*
    Identifies the method of grading applied to the course
  • Teaching and assessment methods
  • Teaching and assessment methods*

    The course will employ a variety of methods to assess student performance and comprehension of the materials and experiential learning components.

    The grade of the course will reflect performance on a final, tests, individual assignments, and case study, with weights determined as follows:

     2 Individual Assignments (Avg.) ......................20%

     3 Tests (5% each)..............................................15%

     Overall Term Project.........................................30%

     Final exam…………………………………….35%

     Total ...............................................................100%

    Overall Term project will consist of a meticulous discussion of a financial planning case or submission of a comprehensive report about a field experiment/experience, or submission of a report about practical research studies pertinent to wealth management/financial planning. At the beginning of the course, students will usually have the opportunity to choose which option they want to pursue to complete their overall term project.

    Tests and final exam will be designed to test knowledge of the assigned readings and text material. They may consist of various types of questions (e.g., case scenario, essay style, case analysis, short answer, multiple-choice, & problems). The nature of the tests will be made clear in class, as we approach the time of the test. For tests, each student is supposed to take the tests with a closed book and the only electronic device allowed will be a calculator; any other items require instructor’s permission well before the tests or final exam.             

    Include an exhaustive list of every possible way of administering and/or assessing the course in bulleted format.
  • Learning outcomes

  • For assistance with developing your course learning outcomes, please refer to the Teaching and Learning website or contact them at teachingandlearning@ontariotechu.ca

  • Course learning outcomes*

    The course will adopt an integrated and practical approach to wealth advisory practices.  Thus, to stay up to date with industry trends, the pedagogical framework of the course will be unique but flexible enough to appreciate new trends and advances in the areas of financial planning and wealth management.  We note that wealth management as a disciplined, multi-step process of assessing an individual’s current financial and personal circumstances against an individual’s future desired state, and developing strategies that help meet personal goals, needs, and priorities by optimizing the allocation of financial resources. 

    Therefore, WMP considers the interrelationships among relevant financial planning areas in formulating appropriate strategies by either employing case studies or reporting results of a field experience/experiment or applied research. A course of Wealth Management Principles includes financial management, investment planning, insurance and risk management, retirement planning, tax planning, estate planning, legal aspects, and human behavior, cognitive biases, and heuristics. WMP is an ongoing process involving regular monitoring of an individual’s progress toward meeting personal goals, needs, and priorities, a re-evaluation of financial strategies in place and recommended revisions, where and when necessary.

    To prepare students to handle even the most complex client scenarios by helping them understand key behavioral factors that affect client decisions. The course will use interactive exercises, case study, and real-life scenarios to ensure students are client-ready and give them a marketplace advantage. Some of the specific learning outcomes including but not limited to:

    • Better understand linkage between human capital and financial wealth,
    • Capture and appreciate the nexus of psychology and financial well-being.
    • Draw up personal financial statements and identification of underlying strengths and weaknesses in financial situations.
    • Integrate ethical considerations in the psychology of financial planning.
    • Assess personal risk management as part of a fully integrated wealth management plan.
  • Current term*
    Select the current term from the list of available options.
  • Experiential learning
  • Does this course contain any experiential learning components?
    Only 'yes' values entered in this field will display in the Academic Calendar.

  • If the course DOES NOT contain any experiential learning components, then no further action is required in this section.  If the course DOES contain experiential learning components, please select 'Yes' above, then enter a 'Yes' or 'No' value for each of the experiential components below as appropriate.

  • Case Study
    Simulated workplace project
  • Consulting project/workplace project
    Applied research
  • Field experiences
    Other types of experiences (please describe below)
  • Other
(C) Impact and consultation
Next
  • STEP 4 - Complete Section C
  • Does this new course impact the Graduate Calendar?*
  • We have consulted with all impacted areas*
    By selecting 'yes', you agree that you have consulted with all affected areas prior to beginning this proposal. Select 'N/A' only if the addition of this course does not involve students, staff and faculty from other programs or courses.
  • Process of consultation, if applicable:*

    The finance group, BCom Program Director, and the Dean of the FBIT have been consulted since Fall 2021.

    Describe the consultation that took place with those impacted.
  • Have you considered the principles of equity, diversity, inclusion or decolonization included when creating this new course?*
  • Please explain:*

    N/A

    Does the program contain concepts, materials or resources from scholars/professionals who are part of one or more historically marginalized groups? Are multiple perspectives represented in the program, such as those offered by those who are Indigenous, Black, Persons of Colour and/or 2SLGBTQIA+? How has accessibility been considered? More specifically, have the needs of students with disabilities been integrated into the program design (e.g., the ways that students are asked to demonstrate their learning)? Will this program provide space to allow for the discussion of other viewpoints outside the dominant, Western narrative? Have the principles of Universal Design been considered?
  • Indigenous Content and Consultation
  • Does this course contain any Indigenous content?*

  • For more information on how Indigenous content is defined at Ontario Tech University and how to consult with the Indigenous Education Advisory Circle, please refer to the Protocol for Consultation with the Indigenous Education Advisory Circle.

  • Has the IEAC been contacted?
  • If Yes, when?
  • What was the advice you received from the IEAC? And, how has it been included in your proposal?
  • Did the IEAC ask you to return the proposal to them for review?
    If Yes, have they completed their review?
(D) Financial implications
Next
  • STEP 5 - Complete Section D
  • Financial implications*

    This course will not have any significant financial impact on the BCom program since the new sections of this (maybe two sections per year) will replace personal finance course (BUSI3430) sections to be specifically open to our finance and accounting students.  So, the number of sections of personal finance will be reduced accordingly because that course will only be available to other students who are not registered in both relevant majors.

    Provide an analysis of the financial implications associated with the new course.
(E) Routing
Next
  • STEP 6 - Enter routing information

  • Important note: it is imperative that you choose the correct routing path as it cannot be changed once a proposal has been launched. If you have made a routing error after launching the proposal, the proposal will be cancelled and a new proposal will be required. If you require assistance with routing, please contact ciqe@ontariotechu.ca.

    Please note that new courses included in joint or collaborative programs do require approval at Faculty Council of each faculty involved in the program. You do not need to include other faculties in the routing, however, consultation with other faculties should be noted and any required approval by other Faculty Councils (and date of approval) should be noted in the comments section as approval is logged on the home Faculty Council step.

  • Should this proposal be routed to the Program Approval step prior to Curriculum Committee?*
    If your curriculum committee is organized by program, or if program-level approval prior to curriculum committee is not required, select 'no'.
  • Faculty or program-level group*
    Choose your faculty or program-level group from the list of options. If your faculty has program-level committees, choose the corresponding program group from the list. Otherwise, choose the home faculty. You may choose more than one option, but please note that your proposal will go to the committees of all options selected. The proposal will not move on to the next step until all faculties have approved at their respective committees. Note: If you are making a change for a Bachelor of Engineering program in FESNS, you must select both the Faculty of Energy Systems and Nuclear Science, and the Faculty of Engineering and Applied Science from the list of options.
  • Is this change for a Bachelor of Engineering program or program which requires Engineering Curriculum Committee approval?*
  • Are there departments associated with your faculty?*
(F) End of proposal
Next
  • STEP 7 - Save and ensure all required fields are complete
  • STEP 8 - Validate and launch proposal
  • STEP 9 - Approve proposal

  • As the originator, you must approve the proposal to send it on to the next step. To approve, navigate to the decisions section of the toolbox on the right-hand side of the form.

(G) CIQE use only
Next
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  • Status

  • User Tracking

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