{"id":10877,"date":"2026-09-22T06:00:00","date_gmt":"2026-09-21T21:00:00","guid":{"rendered":"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-pc-lm4\/"},"modified":"2026-09-22T07:44:46","modified_gmt":"2026-09-21T22:44:46","slug":"cfa-l3-pc-lm4","status":"publish","type":"post","link":"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-pc-lm4\/","title":{"rendered":"\u3010CFA\u00ae\ufe0e L3 Portfolio Construction LM4\u3011An Overview of Private Wealth Management \u3092\u8981\u70b9\u89e3\u8aac\uff5c\u4eba\u7684\u8cc7\u672c\u30fb\u91d1\u878d\u8cc7\u672c\u30fb\u7d4c\u6e08\u7684\u7d14\u8cc7\u7523\u30fb\u7a0e\u91d1\u3068\u30a4\u30f3\u30d5\u30ec\u30fb\u500b\u4ebaIPS"},"content":{"rendered":"<style>\n.cfalm-los{counter-reset:los;list-style:none;padding:0!important;margin:1em 0!important}\n.cfalm-los li{border:1px solid #d5d9e3;border-left:4px solid #172152;border-radius:4px;padding:.8em 1em!important;margin:0 0 .8em!important;background:#fff}\n.cfalm-los li::before{display:none!important;content:none!important}\n.cfalm-los .ja{display:block;font-weight:bold;color:#172152;line-height:1.6}\n.cfalm-los .en{display:block;font-size:.85em;color:#667;margin-top:.3em;line-height:1.5;word-break:normal!important;overflow-wrap:anywhere}\n.cfalm-sum{background:#f6f7fb;border-radius:6px;padding:1em 1.2em!important;margin:1em 0!important;list-style:none!important}\n.cfalm-sum li{position:relative;margin:.4em 0!important;padding:0 0 0 1.1em!important;line-height:1.7;list-style:none!important}.cfalm-sum li::before{content:\"\"!important;display:block!important;position:absolute!important;left:0!important;top:.7em!important;width:6px!important;height:6px!important;border-radius:50%!important;background:#172152!important;border:none!important;transform:none!important}\n.cfalm-f{background:#f6f7fb;border-left:4px solid #172152;padding:.7em 1em;margin:.8em 0;font-family:\"Menlo\",\"Consolas\",monospace;font-size:.95em;overflow-x:auto}\n.cfalm-nav{background:#f6f7fb;padding:1em 1.2em;border-radius:6px;margin:1em 0;word-break:normal;overflow-wrap:anywhere}\n<\/style>\n<div class=\"box05\">\n<p>Learning Module 4\u300cAn Overview of Private Wealth Management\uff08\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30fb\u30a6\u30a7\u30eb\u30b9\u30fb\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u306e\u6982\u8981\uff09\u300d\u306f\u3001\u500b\u4eba\u306e\u5bcc\u306e\u7a2e\u985e\u3068\u4e16\u754c\u306e\u5bcc\u306e\u5275\u51fa\u30fb\u5206\u914d\u3001\u30e9\u30a4\u30d5\u30b9\u30c6\u30fc\u30b8\u306b\u5fdc\u3058\u305f\u4eba\u7684\u8cc7\u672c\u30fb\u91d1\u878d\u8cc7\u672c\u30fb\u7d4c\u6e08\u7684\u7d14\u8cc7\u7523\u306e\u5909\u5316\u3001\u500b\u4eba\u306e\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\u76ee\u6a19\u3068\u5236\u7d04\u3001\u7a0e\u91d1\u3068\u30a4\u30f3\u30d5\u30ec\u306e\u5f71\u97ff\u3001\u500b\u4eba\u5411\u3051\u6295\u8cc7\u65b9\u91dd\u66f8\uff08IPS\uff09\u306e\u4f5c\u6210\u3092\u6271\u3046\u5358\u5143\u3067\u3059\u3002<\/p>\n<p>\u672c\u8a18\u4e8b\u3067\u306f\u3001\u6700\u65b0\u7248\u30ab\u30ea\u30ad\u30e5\u30e9\u30e0\u306eLOS\uff08Learning Outcome Statement\uff09\u3068\u3001\u3053\u306e\u5358\u5143\u306e\u91cd\u8981\u8ad6\u70b9\u3092\u65e5\u672c\u8a9e\u3067\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n<\/div>\n<h2>LM4\u306eLOS\uff08\u5b66\u7fd2\u76ee\u6a19\uff09<\/h2>\n<p>LOS\u306f\u3001\u3053\u306e\u5358\u5143\u3067\u300c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308b\u3079\u304d\u3053\u3068\u300d\u3068\u3057\u3066\u793a\u3055\u308c\u3066\u3044\u308b\u5b66\u7fd2\u76ee\u6a19\u3067\u3059\u3002LM4\u306b\u306f5\u3064\u306eLOS\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<ol class=\"cfalm-los\">\n<li><span class=\"ja\">LOS 1\uff1a\u500b\u4eba\u306e\u5bcc\u306e\u3055\u307e\u3056\u307e\u306a\u7a2e\u985e\u3068\u3001\u4e16\u754c\u3067\u5bcc\u304c\u3069\u306e\u3088\u3046\u306b\u5275\u51fa\u30fb\u5206\u914d\u3055\u308c\u3066\u3044\u308b\u304b\u3092\u8ad6\u3058\u308b<\/span><span class=\"en\">discuss the different types of individual wealth and how wealth is created and distributed globally<\/span><\/li>\n<li><span class=\"ja\">LOS 2\uff1a\u500b\u4eba\u306e\u4eba\u751f\u306e\u5404\u8ca1\u52d9\u6bb5\u968e\u306b\u304a\u3051\u308b\u4eba\u7684\u8cc7\u672c\u3001\u91d1\u878d\u8cc7\u672c\u3001\u7d4c\u6e08\u7684\u7d14\u8cc7\u7523\u306e\u5909\u5316\u304c\u3001\u8ca1\u52d9\u4e0a\u306e\u610f\u601d\u6c7a\u5b9a\u306b\u3069\u3046\u5f71\u97ff\u3059\u308b\u304b\u3092\u8a55\u4fa1\u3059\u308b<\/span><span class=\"en\">evaluate how changes in human capital, financial capital, and economic net worth across the financial stages of an individual\u2019s life influence their financial decision making<\/span><\/li>\n<li><span class=\"ja\">LOS 3\uff1a\u500b\u4eba\u306e\u30ea\u30bf\u30fc\u30f3\u3001\u30ea\u30b9\u30af\u3001\u76ee\u6a19\u3001\u5236\u7d04\u304c\u3001\u4eba\u7684\u8cc7\u672c\u3068\u91d1\u878d\u8cc7\u672c\u3068\u3069\u306e\u3088\u3046\u306b\u95a2\u4fc2\u3059\u308b\u304b\u3092\u6b63\u5f53\u5316\u3059\u308b<\/span><span class=\"en\">justify how returns, risks, objectives, and constraints for individuals relate to their human and financial capital<\/span><\/li>\n<li><span class=\"ja\">LOS 4\uff1a\u500b\u4eba\u6295\u8cc7\u5bb6\u306b\u8ab2\u3055\u308c\u308b\u3055\u307e\u3056\u307e\u306a\u7a0e\u91d1\u3068\u30a4\u30f3\u30d5\u30ec\u306e\u5f71\u97ff\u304c\u3001\u6295\u8cc7\u5224\u65ad\u306b\u3069\u3046\u5f71\u97ff\u3059\u308b\u304b\u3092\u8a55\u4fa1\u3059\u308b<\/span><span class=\"en\">evaluate how various types of taxes imposed on individual investors and the impact of inflation influence investment decisions<\/span><\/li>\n<li><span class=\"ja\">LOS 5\uff1a\u500b\u4eba\u9867\u5ba2\u3068\u6a5f\u95a2\u6295\u8cc7\u5bb6\u9867\u5ba2\u306e\u9055\u3044\u3092\u8ad6\u3058\u3001\u500b\u4eba\u9867\u5ba2\u306b\u9069\u3057\u305f\u6295\u8cc7\u65b9\u91dd\u66f8\uff08IPS\uff09\u3092\u4f5c\u6210\u3059\u308b<\/span><span class=\"en\">discuss the differences between private and institutional clients and formulate an appropriate Investment Policy Statement for private clients<\/span><\/li>\n<\/ol>\n<h2>LM4\u306e\u307e\u3068\u3081<\/h2>\n<p>\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u3092\u307e\u3068\u3081\u308b\u3068\u3001\u6b21\u306e\u3068\u304a\u308a\u3067\u3059\u3002<\/p>\n<ul class=\"cfalm-sum\">\n<li>\u7d14\u8cc7\u7523\u306f\u500b\u4eba\u304c\u4fdd\u6709\u3059\u308b\u5168\u8cc7\u7523\u304b\u3089\u8ca0\u50b5\u3092\u5dee\u3057\u5f15\u3044\u305f\u4fa1\u5024\u3002\u5bcc\u306e\u6e90\u6cc9\u306f\u3001\u500b\u4eba\u8cc7\u7523\u30fb\u4e8b\u696d\u8cc7\u7523\u304b\u3089\u5f97\u305f\u7a0e\u5f15\u5f8c\u6240\u5f97\u306e\u84c4\u7a4d\u3068\u3001\u4e16\u4ee3\u9593\u306e\u8cc7\u7523\u79fb\u8ee2<\/li>\n<li>\u7b2c\u4e8c\u6b21\u4e16\u754c\u5927\u6226\u5f8c\u3001\u6280\u8853\u9769\u65b0\u3001\u7af6\u4e89\u3001\u4f01\u696d\u3092\u652f\u3048\u308b\u653f\u7b56\u3001\u6c11\u55b6\u5316\u306a\u3069\u304c\u4e16\u754c\u306e\u6210\u9577\u3068\u5bcc\u306e\u5275\u51fa\u3092\u5f8c\u62bc\u3057\u3057\u305f<\/li>\n<li>\u81ea\u7531\u5e02\u5834\u306e\u62e1\u5927\u3067\u4e16\u754c\u306e\u4e00\u4eba\u5f53\u305f\u308a\u306e\u5bcc\u306f\u5897\u3048\u305f\u304c\u3001\u5bcc\u306e\u4e0d\u5e73\u7b49\u3082\u62e1\u5927\u3057\u3066\u304a\u308a\u3001\u7279\u306b\u5148\u9032\u56fd\u3067\u306e\u683c\u5dee\u304c\u5927\u304d\u3044<\/li>\n<li>\u500b\u4eba\u6295\u8cc7\u5bb6\u3068\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306f\u3001\u6295\u8cc7\u671f\u9593\u3001\u7a0e\u5236\u3001\u6d41\u52d5\u6027\u30cb\u30fc\u30ba\u3001\u77e5\u8b58\u3068\u8abf\u67fb\u80fd\u529b\u3001\u610f\u601d\u6c7a\u5b9a\u30d7\u30ed\u30bb\u30b9\u3001\u6295\u8cc7\u6a5f\u4f1a\u3078\u306e\u30a2\u30af\u30bb\u30b9\u3001\u5e02\u5834\u3067\u306e\u5f79\u5272\u304c\u7570\u306a\u308b<\/li>\n<li>\u500b\u4eba\u306e\u30a6\u30a7\u30eb\u30b9\u30fb\u30e9\u30a4\u30d5\u30b5\u30a4\u30af\u30eb\u306f\u6559\u80b2\u671f\u304b\u3089\u6669\u5e74\u306e\u9000\u8077\u671f\u307e\u3067\u306e\u8907\u6570\u306e\u6bb5\u968e\u304b\u3089\u306a\u308a\u3001\u6bb5\u968e\u3068\u3068\u3082\u306b\u4eba\u7684\u8cc7\u672c\u306f\u91d1\u878d\u8cc7\u672c\u3078\u8ee2\u63db\u3055\u308c\u3066\u3044\u304f<\/li>\n<li>\u7d4c\u6e08\u7684\u7d14\u8cc7\u7523\u306f\u3001\u91d1\u878d\u8cc7\u672c\u3068\u4eba\u7684\u8cc7\u672c\u306a\u3069\u3092\u542b\u3081\u305f\u62e1\u5f35\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u3067\u6349\u3048\u308b<\/li>\n<li>\u6240\u5f97\u7a0e\u3001\u30ad\u30e3\u30d4\u30bf\u30eb\u30fb\u30b2\u30a4\u30f3\u7a0e\u3001\u5bcc\u88d5\u7a0e\u3001\u8cc7\u7523\u79fb\u8ee2\u7a0e\u3001\u6d88\u8cbb\u7a0e\u306a\u3069\u306e\u7a0e\u91d1\u3068\u30a4\u30f3\u30d5\u30ec\u304c\u5b9f\u8cea\u7684\u306a\u7a0e\u5f15\u5f8c\u30ea\u30bf\u30fc\u30f3\u3092\u5de6\u53f3\u3059\u308b<\/li>\n<li>\u500b\u4eba\u5411\u3051IPS\u306b\u306f\u3001\u76ee\u6a19\u3001\u30ea\u30b9\u30af\u8a31\u5bb9\u5ea6\uff08\u80fd\u529b\u3068\u610f\u601d\uff09\u3001\u6d41\u52d5\u6027\u3001\u6295\u8cc7\u671f\u9593\u3001\u7a0e\u91d1\u3001\u6cd5\u898f\u5236\u3001\u56fa\u6709\u306e\u4e8b\u60c5\u3092\u76db\u308a\u8fbc\u3080<\/li>\n<\/ul>\n<p>\u4ee5\u4e0b\u3001LOS\u3054\u3068\u306b\u91cd\u8981\u8ad6\u70b9\u3092\u6574\u7406\u3057\u307e\u3059\u3002<\/p>\n<h3>LOS 1\uff1a\u500b\u4eba\u306e\u5bcc\u306e\u7a2e\u985e\u3068\u4e16\u754c\u306e\u5bcc\u306e\u5275\u51fa\u30fb\u5206\u914d<\/h3>\n<p>\u500b\u4eba\u306e\u5bcc\u306f<strong>\u7d14\u8cc7\u7523\uff08\u5168\u8cc7\u7523\u2212\u8ca0\u50b5\uff09<\/strong>\u3067\u8868\u3055\u308c\u3001\u7a0e\u5f15\u5f8c\u6240\u5f97\u306e\u84c4\u7a4d\u3084\u76f8\u7d9a\u306a\u3069\u306e\u4e16\u4ee3\u9593\u79fb\u8ee2\u304b\u3089\u751f\u307e\u308c\u307e\u3059\u3002\u4e16\u754c\u5168\u4f53\u3067\u306f\u5bcc\u304c\u5897\u3048\u308b\u4e00\u65b9\u3067\u3001\u683c\u5dee\u3082\u62e1\u5927\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u5bcc\u306e\u6e90\u6cc9\uff1a\u500b\u4eba\u8cc7\u7523\u30fb\u4e8b\u696d\u8cc7\u7523\u304b\u3089\u306e\u7a0e\u5f15\u5f8c\u6240\u5f97\u3001\u4e16\u4ee3\u9593\u306e\u8cc7\u7523\u79fb\u8ee2<\/li>\n<li>\u6226\u5f8c\u306e\u6210\u9577\u8981\u56e0\uff1a\u6280\u8853\u9769\u65b0\u3001\u7af6\u4e89\u3001\u4f01\u696d\u3092\u652f\u3048\u308b\u653f\u7b56\u3001\u6c11\u55b6\u5316<\/li>\n<li>\u81ea\u7531\u5e02\u5834\u306e\u62e1\u5927\u3067\u4e00\u4eba\u5f53\u305f\u308a\u306e\u5bcc\u304c\u5897\u52a0\uff08\u4f4e\u6240\u5f97\u56fd\u3092\u542b\u3080\uff09<\/li>\n<li>\u5bcc\u306e\u4e0d\u5e73\u7b49\u306f\u62e1\u5927\u3001\u7279\u306b\u5148\u9032\u56fd\u3067\u683c\u5dee\u304c\u5927\u304d\u3044<\/li>\n<li>\u5148\u9032\u56fd\u3068\u65b0\u8208\u56fd\u3067\u60c5\u5831\u3078\u306e\u30a2\u30af\u30bb\u30b9\u3001\u6295\u8cc7\u6a5f\u4f1a\u3001\u898f\u5236\u74b0\u5883\u304c\u7570\u306a\u308b<\/li>\n<\/ul>\n<h3>LOS 2\uff1a\u30e9\u30a4\u30d5\u30b9\u30c6\u30fc\u30b8\u3068\u4eba\u7684\u8cc7\u672c\u30fb\u91d1\u878d\u8cc7\u672c<\/h3>\n<p><strong>\u4eba\u7684\u8cc7\u672c<\/strong>\u306f\u5c06\u6765\u306e\u52b4\u50cd\u6240\u5f97\u306e\u73fe\u5728\u4fa1\u5024\u3067\u3001\u82e5\u3044\u3046\u3061\u306b\u5927\u304d\u304f\u3001\u5e74\u9f62\u3068\u3068\u3082\u306b\u6e1b\u5c11\u3057\u307e\u3059\u3002\u305d\u306e\u5206\u3001\u8caf\u84c4\u3092\u901a\u3058\u3066<strong>\u91d1\u878d\u8cc7\u672c<\/strong>\u304c\u7a4d\u307f\u4e0a\u304c\u308a\u3001\u4e21\u8005\u306e\u5408\u8a08\uff08\u7d4c\u6e08\u7684\u7d14\u8cc7\u7523\uff09\u306e\u69cb\u6210\u304c\u610f\u601d\u6c7a\u5b9a\u3092\u5de6\u53f3\u3057\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u4eba\u7684\u8cc7\u672c\uff1a\u5c06\u6765\u306e\u52b4\u50cd\u6240\u5f97\u306e\u73fe\u5728\u4fa1\u5024\uff08\u8077\u696d\u306e\u30ea\u30b9\u30af\u3092\u53cd\u6620\u3057\u305f\u5272\u5f15\u7387\uff09<\/li>\n<li>\u91d1\u878d\u8cc7\u672c\uff1a\u500b\u4eba\u8cc7\u7523\u3068\u6295\u8cc7\u8cc7\u7523\uff08\u91d1\u878d\u8cc7\u7523\u30fb\u975e\u91d1\u878d\u8cc7\u7523\uff09<\/li>\n<li>\u7d4c\u6e08\u7684\u7d14\u8cc7\u7523\uff1a\u62e1\u5f35\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u3067\u4eba\u7684\u8cc7\u672c\u306a\u3069\u3082\u542b\u3081\u305f\u7d14\u8cc7\u7523<\/li>\n<li>\u6bb5\u968e\uff1a\u6559\u80b2\u671f\u2192\u30ad\u30e3\u30ea\u30a2\u521d\u671f\u2192\u30ad\u30e3\u30ea\u30a2\u767a\u5c55\u671f\u2192\u84c4\u7a4d\u306e\u30d4\u30fc\u30af\u671f\u2192\u9000\u8077\u524d\u671f\u2192\u9000\u8077\u521d\u671f\u2192\u9000\u8077\u5f8c\u671f<\/li>\n<li>\u82e5\u5e74\u671f\u306f\u4eba\u7684\u8cc7\u672c\u4e2d\u5fc3\u3001\u9000\u8077\u671f\u306f\u91d1\u878d\u8cc7\u672c\u4e2d\u5fc3<\/li>\n<\/ul>\n<div class=\"cfalm-f\">\u7d4c\u6e08\u7684\u7d14\u8cc7\u7523 = \u91d1\u878d\u8cc7\u672c + \u4eba\u7684\u8cc7\u672c \u2212 \u8ca0\u50b5\uff08\u62e1\u5f35\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\uff09<\/div>\n<h3>LOS 3\uff1a\u30ea\u30bf\u30fc\u30f3\u30fb\u30ea\u30b9\u30af\u30fb\u76ee\u6a19\u30fb\u5236\u7d04\u3068\u4eba\u7684\u8cc7\u672c\u30fb\u91d1\u878d\u8cc7\u672c<\/h3>\n<p>\u4eba\u7684\u8cc7\u672c\u306e\u6027\u8cea\u306f\u91d1\u878d\u8cc7\u672c\u306e\u914d\u5206\u306b\u5f71\u97ff\u3057\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001<strong>\u6240\u5f97\u304c\u5b89\u5b9a\u3057\u305f\uff08\u50b5\u5238\u7684\u306a\uff09\u4eba\u7684\u8cc7\u672c<\/strong>\u3092\u6301\u3064\u4eba\u306f\u91d1\u878d\u8cc7\u7523\u3067\u682a\u5f0f\u3092\u591a\u3081\u306b\u6301\u3066\u308b\u4e00\u65b9\u3001\u682a\u5f0f\u7684\u306a\u4eba\u7684\u8cc7\u672c\u306e\u4eba\u306f\u91d1\u878d\u8cc7\u672c\u3067\u30ea\u30b9\u30af\u3092\u6291\u3048\u308b\u306e\u304c\u5408\u7406\u7684\u3067\u3059\u3002<\/p>\n<ul>\n<li>\u4eba\u7684\u8cc7\u672c\u306e\u6027\u8cea\uff08\u682a\u5f0f\u7684\u304b\u50b5\u5238\u7684\u304b\uff09\u304c\u9069\u5207\u306a\u8cc7\u7523\u914d\u5206\u3092\u5de6\u53f3<\/li>\n<li>\u30ea\u30b9\u30af\u8ca0\u62c5\u80fd\u529b\uff1a\u8cc7\u7523\u898f\u6a21\u3001\u6240\u5f97\u306e\u5b89\u5b9a\u6027\u3001\u6295\u8cc7\u671f\u9593<\/li>\n<li>\u30ea\u30b9\u30af\u8ca0\u62c5\u610f\u601d\uff1a\u5fc3\u7406\u7684\u306a\u8a31\u5bb9\u5ea6<\/li>\n<li>\u80fd\u529b\u3068\u610f\u601d\u304c\u98df\u3044\u9055\u3046\u5834\u5408\u306f\u3001\u4e00\u822c\u306b\u4f4e\u3044\u65b9\u3092\u57fa\u6e96\u306b\u3059\u308b<\/li>\n<li>\u76ee\u6a19\uff1a\u751f\u6d3b\u8cbb\u3001\u6559\u80b2\u3001\u9000\u8077\u3001\u8cc7\u7523\u627f\u7d99\u306a\u3069\u306e\u76ee\u6a19\u3054\u3068\u306b\u6574\u7406<\/li>\n<\/ul>\n<h3>LOS 4\uff1a\u7a0e\u91d1\u3068\u30a4\u30f3\u30d5\u30ec\u304c\u6295\u8cc7\u5224\u65ad\u306b\u4e0e\u3048\u308b\u5f71\u97ff<\/h3>\n<p>\u500b\u4eba\u6295\u8cc7\u5bb6\u306f<strong>\u6240\u5f97\u7a0e\u3001\u30ad\u30e3\u30d4\u30bf\u30eb\u30fb\u30b2\u30a4\u30f3\u7a0e\u3001\u5bcc\u88d5\u7a0e\u3001\u8cc7\u7523\u79fb\u8ee2\u7a0e\uff08\u76f8\u7d9a\u30fb\u8d08\u4e0e\uff09\u3001\u6d88\u8cbb\u7a0e<\/strong>\u306a\u3069\u306e\u7a0e\u91d1\u3068\u30a4\u30f3\u30d5\u30ec\u306e\u5f71\u97ff\u3092\u53d7\u3051\u307e\u3059\u3002\u6295\u8cc7\u5224\u65ad\u306f<strong>\u5b9f\u8cea\u306e\u7a0e\u5f15\u5f8c\u30ea\u30bf\u30fc\u30f3<\/strong>\u3067\u884c\u3046\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u6240\u5f97\u7a0e\uff1a\u5229\u606f\u30fb\u914d\u5f53\u30fb\u7d66\u4e0e\u306a\u3069\u306b\u8ab2\u7a0e<\/li>\n<li>\u30ad\u30e3\u30d4\u30bf\u30eb\u30fb\u30b2\u30a4\u30f3\u7a0e\uff1a\u5b9f\u73fe\u6642\u306b\u8ab2\u7a0e\uff08\u7e70\u5ef6\u3079\u52b9\u679c\u3042\u308a\uff09<\/li>\n<li>\u5bcc\u88d5\u7a0e\u30fb\u56fa\u5b9a\u8cc7\u7523\u7a0e\uff1a\u4fdd\u6709\u8cc7\u7523\u306b\u8ab2\u7a0e<\/li>\n<li>\u8cc7\u7523\u79fb\u8ee2\u7a0e\uff1a\u76f8\u7d9a\u7a0e\u30fb\u8d08\u4e0e\u7a0e<\/li>\n<li>\u30a4\u30f3\u30d5\u30ec\u306f\u8cfc\u8cb7\u529b\u3092\u4f4e\u4e0b\u3055\u305b\u3001\u540d\u76ee\u306e\u5229\u76ca\u306b\u3082\u8ab2\u7a0e\u3055\u308c\u308b\u70b9\u306b\u6ce8\u610f<\/li>\n<\/ul>\n<div class=\"cfalm-f\">\u7a0e\u5f15\u5f8c\u30ea\u30bf\u30fc\u30f3 \u2248 \u7a0e\u5f15\u524d\u30ea\u30bf\u30fc\u30f3 \u00d7 (1 \u2212 \u7a0e\u7387)\u3001\u5b9f\u8cea\u30ea\u30bf\u30fc\u30f3 \u2248 \u540d\u76ee\u30ea\u30bf\u30fc\u30f3 \u2212 \u30a4\u30f3\u30d5\u30ec\u7387<\/div>\n<h3>LOS 5\uff1a\u500b\u4eba\u9867\u5ba2\u3068\u6a5f\u95a2\u9867\u5ba2\u306e\u9055\u3044\u3001\u500b\u4eba\u5411\u3051IPS<\/h3>\n<p>\u500b\u4eba\u9867\u5ba2\u306f\u6a5f\u95a2\u6295\u8cc7\u5bb6\u3068\u6bd4\u3079\u3001<strong>\u6295\u8cc7\u671f\u9593\u304c\u4eba\u751f\u306e\u6bb5\u968e\u306b\u4f9d\u5b58\u3057\u3001\u7a0e\u306e\u5f71\u97ff\u304c\u5927\u304d\u304f\u3001\u610f\u601d\u6c7a\u5b9a\u304c\u611f\u60c5\u306b\u5de6\u53f3\u3055\u308c\u3084\u3059\u3044<\/strong>\u70b9\u304c\u7279\u5fb4\u3067\u3059\u3002\u3053\u308c\u3089\u3092\u8e0f\u307e\u3048\u3066IPS\u3092\u4f5c\u6210\u3057\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u9055\u3044\uff1a\u6295\u8cc7\u671f\u9593\u3001\u7a0e\u5236\u3001\u6d41\u52d5\u6027\u30cb\u30fc\u30ba\u3001\u77e5\u8b58\u3068\u8abf\u67fb\u80fd\u529b\u3001\u610f\u601d\u6c7a\u5b9a\u30d7\u30ed\u30bb\u30b9\u3001\u6295\u8cc7\u6a5f\u4f1a\u3078\u306e\u30a2\u30af\u30bb\u30b9<\/li>\n<li>IPS\u306e\u69cb\u6210\uff1a\u9867\u5ba2\u306e\u80cc\u666f\u3001\u76ee\u6a19\u3001\u30ea\u30bf\u30fc\u30f3\u76ee\u6a19\u3001\u30ea\u30b9\u30af\u8a31\u5bb9\u5ea6<\/li>\n<li>\u5236\u7d04\uff1a\u6d41\u52d5\u6027\u3001\u6295\u8cc7\u671f\u9593\u3001\u7a0e\u91d1\u3001\u6cd5\u898f\u5236\u3001\u56fa\u6709\u306e\u4e8b\u60c5<\/li>\n<li>\u904b\u7528\u65b9\u91dd\u3001\u8cc7\u7523\u914d\u5206\u3001\u898b\u76f4\u3057\u306e\u983b\u5ea6\u3068\u624b\u7d9a\u304d<\/li>\n<li>\u30e9\u30a4\u30d5\u30a4\u30d9\u30f3\u30c8\u306b\u5fdc\u3058\u305f\u5b9a\u671f\u7684\u306a\u898b\u76f4\u3057<\/li>\n<\/ul>\n<h2>\u52b9\u7387\u3088\u304f\u5b66\u3076\u306b\u306f FA-Academy<\/h2>\n<p>CFA\u00ae\ufe0e\u306e\u5354\u4f1a\u30c6\u30ad\u30b9\u30c8\u306f\u82f1\u8a9e\u3067\u5206\u91cf\u3082\u591a\u304f\u30011\u3064\u3072\u3068\u3064\u306e\u5358\u5143\u3092\u82f1\u8a9e\u3060\u3051\u3067\u7406\u89e3\u3057\u3066\u3044\u304f\u306e\u306f\u5927\u304d\u306a\u8ca0\u62c5\u3067\u3059\u3002<\/p>\n<p>FA-Academy\uff08Financial Analyst Academy\uff09\u306f\u3001<strong>\u65e5\u672c\u8a9e\u3067\u5b66\u3079\u308b\u6570\u5c11\u306a\u3044CFA\u00ae\ufe0e\u8a66\u9a13\u30b5\u30dd\u30fc\u30c8<\/strong>\u3067\u3059\u3002\u3053\u308c\u307e\u3067 Level 1 \u304b\u3089 Level 3 \u307e\u3067\u591a\u304f\u306e\u5408\u683c\u8005\u3092\u8f29\u51fa\u3057\u3066\u304a\u308a\u3001\u5408\u683c\u8005\u306e\u65b9\u3005\u3068\u306e\u5bfe\u8ac7\u3082\u6570\u591a\u304f\u516c\u958b\u3057\u3066\u3044\u307e\u3059\u3002\u3069\u3093\u306a\u65b9\u304c\u3001\u3069\u306e\u3088\u3046\u306b\u5408\u683c\u3055\u308c\u305f\u306e\u304b\u306f<a href=\"https:\/\/triumphmind.com\/cfa\/category\/gokaku\/\" target=\"_blank\" rel=\"noopener\">\u5408\u683c\u8005\u5bfe\u8ac7\u30fb\u5408\u683c\u4f53\u9a13\u8ac7\u306e\u4e00\u89a7<\/a>\u304b\u3089\u3054\u89a7\u3044\u305f\u3060\u3051\u307e\u3059\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/level3-mail\/\" target=\"_blank\" rel=\"noopener\">Level 3 \u65e5\u672c\u8a9e\u8981\u70b9\u96c6\u306e\u7121\u6599\u30b5\u30f3\u30d7\u30eb\u3092\u53d7\u3051\u53d6\u308b\uff087\u65e5\u9593\u30e1\u30fc\u30eb\u8b1b\u5ea7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/timerex.net\/s\/cfa.tips.slack_2a23\/e72e883e\/\" target=\"_blank\" rel=\"noopener\">\u7121\u6599\u500b\u5225\u9762\u8ac7\u3092\u4e88\u7d04\u3059\u308b\uff08\u5b66\u7fd2\u8a08\u753b\u306e\u3054\u76f8\u8ac7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/course\/\" target=\"_blank\" rel=\"noopener\">\u53d7\u8b1b\u6848\u5185\uff08\u30b3\u30fc\u30b9\u4e00\u89a7\u30fb\u53d7\u8b1b\u6599\uff09\u3092\u898b\u308b<\/a><\/li>\n<\/ul>\n<div class=\"cfalm-nav\">\u524d\u306e\u5358\u5143\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-pc-lm3\/\">LM3 Asset Allocation to Alternative Investments\uff08\u30aa\u30eb\u30bf\u30ca\u30c6\u30a3\u30d6\u6295\u8cc7\u3078\u306e\u30a2\u30ed\u30b1\u30fc\u30b7\u30e7\u30f3\uff09<\/a><br \/>\n\u6b21\u306e\u5358\u5143\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-pc-lm5\/\">LM5 Portfolio Management for Institutional Investors\uff08\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u904b\u7528\uff09<\/a><br \/>\n\u5168\u4f53\u306e\u76ee\u6b21\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/cfa-curriculum\/#l3-pc\">CFA\u00ae\ufe0e \u5b66\u7fd2\u5185\u5bb9\u306e\u76ee\u6b21\uff08Level 3 Portfolio Construction\uff09<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CFA\u00ae\ufe0e Level 3 Portfolio Construction LM4\u300cAn Overview of Private Wealth Management\uff08\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30fb\u30a6\u30a7\u30eb\u30b9\u30fb\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u306e\u6982\u8981\uff09\u300d\u306eLOS\uff08\u5b66\u7fd2\u76ee\u6a19\uff09\u3068\u91cd\u8981\u8ad6\u70b9\u3092\u3001\u6700\u65b0\u7248\u30ab\u30ea\u30ad\u30e5\u30e9\u30e0\u306b\u57fa\u3065\u3044\u3066\u65e5\u672c\u8a9e\u3067\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n","protected":false},"author":1,"featured_media":11223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jin_ogp_image_url":"","_jin_last_featured_id":0,"footnotes":""},"categories":[100],"tags":[],"class_list":["post-10877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-level3-topics"],"_links":{"self":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/comments?post=10877"}],"version-history":[{"count":2,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10877\/revisions"}],"predecessor-version":[{"id":11378,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10877\/revisions\/11378"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media\/11223"}],"wp:attachment":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media?parent=10877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/categories?post=10877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/tags?post=10877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}