Introduction to Financial Planning
This module would serve as an introduction to Financial Planning. The module would cover the six-step process which includes Financial Planning process, client interactions, time value of money applications, personal financial statements, cash flow and debt management, asset acquisition, education planning, overview of risk management investment planning and retirement planning, special circumstances, plan integration, ethics, and business aspects of Financial Planning.
Risk Analysis and Insurance Planning
This module would cover the knowledge requirements relating to insurance and risk analysis for a CFP certification. It introduces students to risk analysis and insurance decisions in personal Financial Planning. Planning for clients’ exposures to mortality, health, disability, property, liability, and long term care risk is emphasized.
Understand the role of the Financial Planner in the personal risk analysis process.
Implement insurance into a comprehensive, integrated Financial Plan.
Identify and explain features of private and public insurance available to meet each identified need.
Integrate the tax implications into insurance decisions.
Evaluate client insurance and risk analysis needs.
Retirement Planning and Employee Benefits
This module would cover the knowledge requirements relating to retirement planning and employee benefits for a CFP professional. The emphasis is on the process of wealth creation and the retirement planning and strategies for clients.
Understand the importance of retirement planning for the pre-retirement accumulation period and the actual retirement when the funds are used.
Demonstrate the ability to provide a client with an evaluation of retirement needs.
Determine legal and tax requirements for a retirement plan to be considered qualified for income tax purposes.
Explain types of defined contribution and defined benefits qualified plans.
Compare personal savings plans used in the retirement planning process.
Investment Planning
This module includes introduction to Investment Planning, Investment vehicles, investment strategies, Regulation of an investment advisor, Application to clients, etc.
Understand the importance of investment planning in the Financial Planning process, ethical issues for advisors, regulation of advisors.
Understand the choice of investment products in terms of their risk-return characteristics.
Evaluate investment choices in the context of client's Financial Planning needs.
Understand how client investment portfolios are created, monitored and rebalanced based on their objectives and needs.
Recommend a portfolio of investment products.
Tax Planning & Estate Planning
This module would cover the knowledge requirements relating to tax planning and estate planning for a CFP professional.
Evaluate the appropriateness of tax strategies for individual family situations.
Integrate tax planning into the six step Financial Planning process.
To understand the universal nature of estate planning needs.
To recognize the high level of ignorance regarding estate planning among the general population as well as students.
To comprehend the fundamental objective of greater efficiency in wealth transfer.
Advanced Financial Planning
This module builds upon the foundations in Financial Planning and the knowledge requirements in Modules 2 to 5 to enable the CFP professional to construct a comprehensive Financial Plan for a client. Miscellaneous topics are also covered in this module.
Determining the client’s financial status by analyzing and evaluating the client's information
Developing and preparing a client-specific Financial Plan tailored to meet the goals and objectives of client, commensurate with client’s value, temperament, and risk tolerance.
Implement and monitor the Financial Plan.
Course Duration
6 Month