Level III Private Wealth Management

Access to all Level III private wealth management articles until the next Level III exam date

A few years ago CFA Institute added a new reading on tax regimes to the Level III curriculum, and it caused quite a stir: apparently they had a large question about taxes on that first year’s Level III exam, and few candidates were prepared for it. I want you to be prepared for it. And […]

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A prepaid variable forward (PVF) is a hybrid security that is quite useful in monetizing a concentrated position in publicly traded stock.  In essence, a PVF is a combination of an equity collar and a loan.  A simple example will make it clear how a PVF works, and how it can be used to monetize […]

This article is for members only.  You can become a member now by purchasing a

CFA® Level III Membership

This will give you access to this and all other articles at that membership level.