This course is a supplementary course designed for professionals that provide advisory service within the meaning of MiFID II. It focuses on the customer advisory function and the related obligations and requirements. The contents of this module are the following:
· Products and services related to investment advisory
o Advisory Wealth Management
o Discretionary Wealth Management
· Application of MIFID II guidelines in product/client profiles
o Regulated markets (RM)
o Multi-Lateral Trading Facilities (MTF)
o Organised Trading Facilities (OTF)
o Over-the-Counter Markets (OTC)
o Systematic Internaliser (SI)
o Best Execution
· Costs and fees of the advisory services provided to the client
· Understanding the client’s needs and risk appetite
· Basic principles of portfolio management
o Modern theories of portfolio management
o Capital asset pricing model
· Measuring performance
· Investment and strategies; alternative investments
· Consequences of diversification
· MiFID Update
o MiFID Since its Inception
o New ESG Framework
o Relief Package
o MiFID II/MiFIR Amendments
o Digital Finance
o After MiFID II, Comes MiFID III, Right? Key messages
· Key Messages
· Bibliography and references
The persons concerned by the Training Programme are all persons placed under the authority of a professional (or acting on his behalf) subject to prudential supervision by the CSSF, i.e. individuals providing investment advice (“Advisory profile”) on financial instruments, investment services or ancillary services to clients.
Experienced professional specialists selected on the basis of their in-depth knowledge of markets and financial products under MiFID rules I and II, and ESMA criteria.
Please note that for environmental reasons no paper version of the training material will be provided for your training. The course material can be downloaded free of charge via your portal before the start of the course (download the Client Portal User’s Guide here). You will be able to view it on the screen of your mobile device or print it if necessary. If your registration has been made by a training manager of your company please contact him/her so that he/she can give you access to it or send it to you.
This module is part of the MiFID II Certification. For more details about this Certification, please click here.