(1)  Understand the importance of specific goals, investment
objectives and knowledge, risk tolerance, and time horizon when
constructing and managing a portfolio for a client.
(2)  Learn how to use asset allocation strategies when
constructing investment portfolios, and construct a portfolio
using an asset allocation model.
(3)  Understand the importance of Investment Policy Statements
and learn how to develop these statements and make
recommendations to clients.
(4)  Learn how to analyze the historical performance of
securities and asset managers using available research 
software programs.

Process of Constructing and Managing a Client's Portfolio 
  Gather Client Information
  Identify the Client's Needs, Constraints, and Circumstances
  Communicate the Investment Philosophy and Money Management 
Approach 
  Develop a Frame of Reference Regarding Investment 
Performance
  Development an Investment Objective
  Determine the Degree of Portfolio Diversification
  Allocate Assets and Construct the Portfolio
  Prepare an Investment Policy Statement
  Implement the Investment Strategy
  Report Performance and Revise the Portfolio
Factors to Consider when Constructing a Client's Portfolio
  Specific Goals
  Investment Objectives
  Investment Knowledge
  Risk Tolerance
  Time Horizon
Asset Allocation
Alternatives to Asset Allocation
  Market Timing
  Security Selection
Asset Allocation Implementation Strategies
Importance of Investment Policy
Investment Policy Statements
Diversification and Security Screening
Fiduciary Duties and Responsibilities