Connect Risk, Capital, and Decisions Across the
Entire Portfolio
As portfolios become more complex and interconnected, many leading institutions are rethinking how investment decisions are made. Rather than evaluating opportunities in isolation, they are adopting a Total Portfolio Approach (TPA) that focuses on maximizing outcomes for the portfolio as a whole.
The CAIA.nxt™ Total Portfolio Approach Microcredential will help you understand the principles behind this shift and how they can be applied in practice.
Grounded in CAIA’s TPA research, this course provides practical insights you can use to better align investment decisions with long-term portfolio objectives.
When Understanding Becomes Advantage
Offered entirely online, the TPA Microcredential is a five-hour program that provides a practical introduction to the principles, governance structures, and portfolio-wide thinking behind the Total Portfolio Approach.
Each module is designed to build your understanding step by step.
Module 1
Origins & Rationale of the Total Portfolio Approach
- Introduction to TPA
- Defining TPA
- Portfolio Impacts of TPA
Module 2
The Core Dimensions of TPA & Their Implications
- The Analytical Process
- Asset Inventory and Analysis
- Salability Analysis and Liquidity Features
- Estimating Portfolio Parameters
- Evaluating Suitability
- Portfolio Review & Recommendations
Module 3
Putting TPA into Practice
- Mapping the Transition
- Milestones of Implementation
- Hybrid TPA Models
- Maintaining TPA
Individual Course Enrollment Fee
US$395*
*Group rates available for teams and organizations. Contact the CAIA.nxt™ team for details at nxt@caia.org.
Supported by the Wealth and Asset Management Industry
HarbourVest is an independent, global private markets firm with over 43 years of experience and $150 billion of assets under management as of December 31, 2025. Our interwoven platform provides clients access to global primary funds, secondary transactions, direct co-investments, real assets and infrastructure, and private credit. Our strengths extend across strategies, enabled by our team of more than 1,200 employees, including more than 225 investment professionals across Asia, Europe, and the Americas. We partner strategically and plan our offerings innovatively to provide our clients with access, insight, and global opportunities.
PICTON Investments is a Canadian investment firm with over $17.8 billion in assets under management (CAD as of February 28, 2026), recognized for pioneering alternative investment strategies that challenge traditional thinking. Since 2004, we have been helping advisors and investors rethink portfolio construction – moving away from traditional models toward more resilient, diversified solutions. Leveraging deep expertise in quantitative research, fundamental analysis, and authentic hedging strategies, we champion a modern approach designed to deliver more consistent, risk-adjusted returns. Our philosophy is to “Build from the Bear Up,” embracing a bear mindset of resiliency, adaptability, and strength to provide Canadians with greater certainty.
Recognizing Your Accomplishments
After successfully completing the program, you will be awarded a certificate of completion, as well as a verifiable digital badge from CAIA and through Credly. This program will also qualify for 5 continuing education hours for CFP® Board (US only) and Investments and Wealth Institute members.
