The Canadian Securities Institute on Tuesday announced the launch of the newly developed, interactive version of its Wealth Management Techniques training course.

“The number of Canadians with over $1 million of investable assets will reach 900,000 by 2010. The total will represent approximately $4 trillion in wealth,” said Alan Moorhouse, CSI’s product manager — financial management advisor.

Moorhouse said the WMT training course is designed to help financial professionals enhance their ability to understand and meet their clients’ financial needs. It also teaches CSI students how to manage a wealth management business.

“Our students need to understand the strategies and the techniques that will help their clients manage this wealth in the coming years,” Moorhouse added.

The course provides advanced training in asset allocation and the implementation and monitoring of a financial plan for high net worth individuals.

It will also enable financial planners to serve the needs of clients who face complex issues including estate, tax and retirement planning.

The WMT course combined with the Professional Financial Planning Course (PFPC) and the Canadian Securities Course (CSC) leads to the Financial Management Advisor (FMA) professional designation.