An exhaustive and 100% online program, exclusive to TECH, with an international perspective supported by our affiliation with the Economics, Business, and Enterprise Association”

Financial Advisory is a cornerstone in economic decision-making, whether for individuals, companies, or institutions. In this context, advanced knowledge of markets, taxation, and alternative investments has become an indispensable competitive advantage for professionals in the sector. Furthermore, the incorporation of emerging technologies has redefined how investment risks and opportunities are analyzed, opening new possibilities for growth and specialization. 

In response to these needs, TECH presents this Master's Degree in Financial Advisory. This university program will comprehensively address the latest trends in investment, financial planning, and taxation, combining traditional knowledge with innovative strategies in the digital sector. The syllabus will cover a wide range of topics, from macroeconomic fundamentals and the workings of the financial system to portfolio management and new digital investment vehicles. Specific modules on alternative assets, taxation, and financial regulation will ensure that students acquire a well-rounded understanding of the sector. 

At the same time, this university qualification offers a 100% online methodology, allowing professionals to train without time restrictions and from any location. Therefore, access to materials is available 24/7 from any internet-enabled device, with the option to download for a flexible learning process. Additionally, the program is based on the Relearning methodology, which will optimize knowledge retention through the strategic repetition of key concepts. 

Thanks to the membership in The Economics, Business and Enterprise Association (EBEA), graduates will have access to publications, digital resources, and online seminars to stay up-to-date. They will also be able to participate in annual conferences and apply for the EBEA professional recognition, boosting their growth and professional excellence in economics and business.

You will ensure, with excellence, compliance with current financial regulations and standards” 

This Master's Degree in Financial Advisory contains the most complete and up-to-date program on the market. The most important features include:

• The development of practical cases presented by experts in Financial Advisory 
• The graphic, schematic, and practical contents with which they are created, provide scientific and practical information on the disciplines that are essential for professional practice
• Practical exercises where the self-assessment process can be carried out to improve learning
• Special emphasis on innovative methodologies in Financial Advisory management
• Theoretical lessons, questions to the expert, debate forums on controversial topics, and individual reflection assignments
• Content that is accessible from any fixed or portable device with an Internet connection

You will explore the constantly evolving financial sector, driven by digitalization and new trends in investment and economic advisory”

The faculty includes professionals from the Financial Advisory field, who bring their work experience to this program, as well as recognized specialists from leading companies and prestigious universities.

The multimedia content, developed with the latest educational technology, will provide the professional with situated and contextual learning, i.e., a simulated environment that will provide an immersive learning experience designed to prepare for real-life situations.

This program is designed around Problem-Based Learning, whereby the student must try to solve the different professional practice situations that arise throughout the program. For this purpose, the professional will be assisted by an innovative interactive video system created by renowned and experienced experts.

You will apply key strategies for financial analysis, wealth management, and new trends in digital investment, which will strengthen your position in the sector”

Thanks to the Relearning methodology, you will be able to access all the content of this university program from the comfort of your home”

This Master's Degree offers a comprehensive syllabus designed by experts in Financial Advisory. It will cover key topics such as the update of the value of money, capitalization, commercial discounting, and interest rates. The program will also address financial profitability, rates such as IRR (Internal Rate of Return), NPV (Net Present Value), and TGR (Total Growth Rate), as well as financial annuities and investment valuation. In addition, statistical tools, variable analysis, and correlation will be incorporated. With advanced methodologies, this university program will enable you to evaluate investments, develop effective strategies, and lead financial decisions in competitive environments, ensuring a solid understanding of markets and new economic trends.

You will optimize financial decision-making and develop strategies to maximize profitability in competitive markets”

Module 1. Macroeconomics and Financial Systems

1.1. Macroeconomics

1.1.1. Growth Indicators
1.1.2. Price Indicators
1.1.3. Employment and Other Indicators

1.2. Economic Cycles

1.2.1. Cycle Theory
1.2.2. Cycle Phases
1.2.3. Cycle Types

1.3. Economic Indicators

1.3.1. On Offer
1.3.2. In Demand
1.3.3. Of Feeling

1.4. Financial Systems

1.4.1. Financial Assets
1.4.2. Financial Markets
1.4.3. Financial Institutions

1.5. The ECB (European Central Bank)

1.5.1. Current Situation and Historical Evolution
1.5.2. ECB Functions
1.5.3. Money Market

1.6. Monetary Policy

1.6.1. Monetary Policy Strategies
1.6.2. Monetary Policy Instruments
1.6.3. Monetary Policy Developments

1.7. History of Macroeconomic Thought I
1.7. History of Macroeconomic Thought II
1.8. Macroeconomic Situation in the 21st Century

Module 2. Investment Fundamentals

2.1. Temporal Value of Money

2.1.1. Financial Capital
2.1.2. Financial Equivalence
2.1.3. Operation and Financial Law

2.2. Capitalization

2.2.1. Simple
2.2.2. Compounds
2.2.3. Use of Calculators for Calculations

2.3. Update

2.3.1. Simple
2.3.2. Compounds
2.3.3. Use of Calculators for Calculations

2.4. Commercial Discount

2.4.1. Simple
2.4.2. Compounds
2.4.3. Use of Calculators for Calculations

2.5. Interest Rates

2.5.1. Spot
2.5.2. Forward
2.5.3. How to Calculate Forward Interest Rates

2.6. Types of Return I

2.6.1. Nominal and Real
2.6.2. Simple Return
2.6.3. Annual Percentage Rate (APR)

2.7. Types of Rerturn II

2.7.1. Internal Rate of Return (IRR)
2.7.2. Effective Rate of Return (ERR)
2.7.3. Geometric Rate of Return (GRR)

2.8. Financial Income

2.8.1. Concept and Classification of Different Income Types
2.8.2. Proportionality and Income Addition
2.8.3. Certain and Constant Income Valuation

2.9. Basic Concepts of Statistics

2.9.1. Qualitative and Quantitative Variables:
2.9.2. Position Measurements
2.9.3. Measures of Dispersion

2.10. Two-Dimensional Variables

2.10.1. Covariance
2.10.2. Coefficient Correlation
2.10.3. Regression Line

Module 3. Fixed Income

3.1. Fixed Income General Characteristics

3.1.1. Negotiated Assets

3.2. Public Debt Market Structure

3.2.1. Negotiated Assets
3.2.2. Market Members
3.2.3. Primary and Secondary Markets

3.3. Private Fixed-Income Market

3.3.1. Market Structure
3.3.2. Market Operations
3.3.3. Asset Typology

3.4. Rating

3.4.1. Needs and Advantages of Rating
3.4.2. Classification
3.4.3. Rating Companies

3.5. Risks Associated with Fixed-Income Assets

3.5.1. Interest and Credit Risk
3.5.2. Liquidity and Exchange Rate Risk
3.5.3. Early Amortization Risk

3.6. Fixed Income Asset Valuation

3.6.1. Zero Coupon Bonds and Treasury Bills
3.6.2. Coupon Bonds
3.6.3. Full price, Ex-Coupon Price and Running Coupon Price

3.7. Price - IRR (Internal Rate of Return) Relationship

3.7.1. Malkiel’s First Principle
3.7.2. Malkiel’s Second and Third Principles
3.7.3. Malkiel’s Fourth and Fifth Principles

3.8. Income Curve and Interest Rate Term Structure

3.8.1. Income Curves
3.8.2. Explanatory Theory of ETTI
3.8.3. Standardized Interest Rate Structure

3.9. Interest Rate Risk Measurement and Management

3.9.1. Sensitivity
3.9.2. Duration and Corrected Duration
3.9.3. Immunisation

3.10. Risk Profile for Each Investment Type

3.10.1. Cautious Profile
3.10.2. Moderate Profile
3.10.3. At Risk Profile

Module 4. Equities

4.1. Equity Characteristics

4.1.1. Operation
4.1.2. Financial Market Profits
4.1.3. Evolution Over Time

4.2. Structure and Functioning of the Stock Market

4.2.1. Market Schedules and Phases (Auctions and Continuous Trading)

4.3. Types of Stock Market Transactions I

4.3.1. Initial Public Offering (IPO)
4.3.2. Secondary Public Offering (SPO)
4.3.3. Capital Increases and Reductions

4.4. Types of Stock Market Transactions II

4.4.1. Stock Splits and Reverse Stock Splits
4.4.2. Dividends
4.4.3. Takeover Bids (OPAs)

4.5. Main Orders

4.5.1. Market Order
4.5.2. Limit and Stop Orders
4.5.3. Trailing Stop

4.6. Tracking the Evolution of Equity

4.6.1. Indices
4.6.2. Classification of Indices
4.6.3. Uses of Equity Indices

4.7. Broker Platforms (CMC and IB)

4.7.1. Types of Brokers
4.7.2. CMC
4.7.3. Interactive Brokers

4.8. Fundamental Analysis

4.8.1. Macroeconomic Analysis
4.8.2. Stock Valuation Ratios
4.8.3. Cycle Theory

4.9. Company Valuation

4.9.1. VCP, VCA, VL and VS
4.9.2. Gordon - Shapiro
4.9.3. Flow Discounts

4.10. Technical Analysis

4.10.1. Chartism
4.10.2. Indicators
4.10.3. Oscillators

Module 5. Collective Investment Institutions and Pension Plans

5.1. Collective Investment Institutions

5.1.1. Evolution of Investment in IICs
5.1.2. Participants

5.2. Investment Funds and SICAVs

5.2.1. Management Styles
5.2.2. Categories
5.2.3. Calculation of NAV (Net Asset Value)

5.3. Commissions

5.3.1. Implicit Commissions
5.3.2. Explicit Commissions
5.3.3. Other Expenses

5.4. Comparison of Investment Funds

5.4.1. Profitability
5.4.2. Risk
5.4.3. Other Ratios

5.5. Hedge Funds/Alternative Investment Funds

5.5.1. Fundamentals of Alternative Management
5.5.2. Characteristics of Hedge Funds
5.5.3. Investment Strategies and Styles

5.6. Regulatory Aspects in the Creation of Investment Funds

5.6.1. Obligations of Management Institutions
5.6.2. Obligations of Depository Institutions
5.6.3. Information

5.7. Pension Plan Definition

5.7.1. Differences Between a Pension Plan and a Pension Fund
5.7.2. Guiding Principles

5.8. Pension Plan Modalities

5.8.1. According to the Type of Promoting Entity
5.8.2. According to the Contribution and Benefit System
5.8.3. According to Investment Goals

Module 6. Foreign Exchange and Derivatives

6.1. Foreign Exchange Market

6.1.1.  Evolution of Money and Currencies
6.1.2. Exchange Rate
6.1.3.  Currency Pairs

6.2. Complex Products

6.2.1. Derivative Products
6.2.2. Different Uses of Complex Products
6.2.3. Types of Derivative Products

6.3. Futures

6.3.1. Speculation
6.3.2. Hedging
6.3.3. Arbitrage

6.4. Options

6.4.1. Call Option
6.4.2. Put Option
6.4.3. Premium

6.5. Option Sensitivity

6.5.1. Delta and Gamma
6.5.2. Vega and Theta
6.5.3. Rho

6.6. Trend Strategies

6.6.1. Bull Spread
6.6.2. Bear Spread
6.6.3. Tunnel

6.7. Volatility Strategies

6.7.1. Straddle, Strangle and Guts
6.7.2. Butterfly
6.7.3. Condor

6.8. Mixed Strategies I

6.8.1. Ratio Call Spread
6.8.2. Ratio Put Spread
6.8.3. Ratio Call Back Spread

6.9. Mixed Strategies II

6.9.1. Ratio Put Back Spread
6.9.2. Strip and Strap
6.9.3. Calendar Spread

6.10. Structured Products

6.10.1. Characteristics and Risks
6.10.2. Guaranteed
6.10.3. Reverse Convertible

Module 7. Portfolio Management

7.1. Client Profile Analysis

7.1.1. Investment Objective
7.1.2. Client’s Profitability and Risk
7.1.3.  Investment Horizon

7.2. Contracts and Regulations

7.2.1. MiFID II
7.2.2. Suitability Test
7.2.3. Risk Profiles

7.3. Introduction to Portfolio Management

7.3.1. Market Efficiencies
7.3.2. Market Failures
7.3.3. Active Management vs. Passive Management

7.4. Return and Risk

7.4.1. Of an Asset
7.4.2. Of the Portfolio
7.4.3. Normality Hypothesis

7.5. Diversification

7.5.1. Types of Risk
7.5.2. Correlation
7.5.3. Beta

7.6. Portfolio Theories

7.6.1. Efficient Portfolio
7.6.2. CML (Capital Market Line)
7.6.3. SML (Security Market Line)

7.7. Measurement Ratios I

7.7.1. Sharpe Ratio
7.7.2. Treynor Ratio
7.7.3. Jensen’s Alpha

7.8. Measurement Ratios II

7.8.1. Tracking Error
7.8.2. Information Ratio
7.8.3. Consistency

7.9. Excel Applied to Portfolio Management

7.9.1. Data Sources
7.9.2. Sheet Programming
7.9.3. Result Interpretation

7.10. New Investment Criteria in Portfolio Management

7.10.1. ESG (Environmental, Social, and Governance)
7.10.2. Portable Alpha
7.10.3. MFI (Market Factor Investing)

Module 8. Financial Planning

8.1. Financial Advisory

8.1.1. Independent Advisory
8.1.2. Dependent Advisory
8.1.3. Portfolio Management

8.2. Basic Principles for Retirement Planning

8.2.1. How Long Do I Need to Contribute?
8.2.2. How to Calculate My Pension
8.2.3. What Pension Am I Entitled to?

8.3. Analysis of Expenses and Income at Retirement

8.3.1. Difference in Income Once Retirement is Reached
8.3.2. Expense Structure (Fixed and Variable) vs. Income During Retirement
8.3.3. Where to Obtain Extra Income in Retirement. Advantages and Disadvantages of Withdrawals

8.4. Capital Accumulation Plan

8.4.1. Weighted Average Price
8.4.2. Investment Strategy
8.4.3. Technical Development

8.5. Life Cycle

8.5.1. Formation and Accumulation Phase
8.5.2. Consolidation Phase
8.5.3. Spending Phase and Donation Phase

8.6. Analysis and Selection of Funds

8.6.1. Risk Profiles
8.6.2. Ratios to Check
8.6.3. Study of Expenses and Historical Results

8.7. Tax Planning for Pension Plans

8.7.1. Taxation
8.7.2. Withdrawals
8.7.3. Bonuses

8.8. Inheritance Planning

8.8.1. Types of Assets I Can Own
8.8.2. Tax Implications of These Assets
8.8.3. Inheritance Structure to Minimize Tax Impact

8.9. Psychology Applied to Investment

8.9.1. Relevant Aspects
8.9.2. Biases
8.9.3. Managing Client Psychology

8.10. Financial Planning Strategies

8.10.1. Primarily Real Estate Assets
8.10.2. Primarily Financial Assets
8.10.3. Asset Allocation Between Real Estate and Financial Assets

Module 9. Taxation

9.1. Personal Income Tax I

9.1.1. Income from Employment
9.1.2. Income from Economic Activities
9.1.3. Imputation of Income

9.2. Personal Income Tax II

9.2.1. Income from Capital
9.2.2. Capital Gains and Losses
9.2.3. Tax Settlement Scheme. Income Integration and Compensation

9.3. Corporate Tax (IS)

9.3.1. Corporate Income Tax
9.3.2. Positive and Negative Adjustments
9.3.3. Tax Settlement Scheme

9.4. Inheritance and Donations Tax (ISD)

9.4.1. Tax Components
9.4.2. Adjustments
9.4.3. Tax Settlement Scheme

9.5. Taxation of Financial Transactions I
9.6. Taxation of Financial Transactions II

Module 10. New Investments

10.1. Crowdfunding

10.1.1. Financing Through Crowdfunding
10.1.2. Crowdfunding vs. Traditional Investments
10.1.3. Regulation

10.2. Blockchain Technology

10.2.1. Blockchain Networks
10.2.2. Mining
10.2.3. Blockchain Uses

10.3. Cryptocurrencies

10.3.1. Fiat Currencies vs. Cryptocurrencies
10.3.2. Cryptocurrencies Today
10.3.3. DeFi (Decentralized Finance)

10.4. Main Cryptocurrencies

10.4.1. Bitcoin
10.4.2. Ether
10.4.3. Altcoins

10.5. Exchanges and Wallets

10.5.1. Exchanges
10.5.2. Cold Wallets
10.5.3. Hot Wallets

10.6. Other Forms of Investment with Cryptocurrencies

10.6.1. Staking
10.6.2. Derivatives
10.6.3. Crypto Indexes and New Indexing Forms

10.7. Risks and Weaknesses

10.7.1. Market Risk
10.7.2. Legal Risk
10.7.3. Reputational Risk

10.8. NFTs and Digital Assets

10.8.1. NFTs and Major Networks
10.8.2. Digital Art
10.8.3. Metaverse

10.9. Tokenization of the Economy

10.9.1. Tokenization
10.9.2. Current Uses of Tokens
10.9.3. Potential

10.10. Regulation

10.10.1. Possible Future Changes
10.10.2. Pioneer Countries in Cryptocurrency and Other Cryptoassets Regulation

You will design personalized financial plans that optimize the economic situation of individuals and companies”