MODULE 1: Financial Planning Principles, Process and Skills
Financial planning process
Financial planning practice and ethics
Professional Skills
Regulatory, economic and political environments that affect personal financial planning
Law and compliance
Time value of money
Critical thinking
Draft Lesson
MODULE 2: Financial Management
Principles of financial management
Personal and small business balance sheet (net worth statement)
Use and non-use assets
Budget preparation and management
Savings analysis and strategy
Emergency fund
Credit and debt management
Specific purpose planning
MODULE 3: Tax Principles and Optimization
Taxation principles
Tax planning objectives
Tax planning principles
Tax planning law and policy
Tax planning strategies
Implementation
Periodic review
MODULE 4: Investment Planning / Asset Management
Investment principles
Investment objectives, constraints, capacity and suitability
Investment time horizon
Behavioral finance
Asset classes
Investment theory
Performance measurement
Asset allocation and performance
Investment products – evaluation, selection and monitoring
MODULE 5: Risk Management and Insurance Planning
Risk management principles
Insurance planning objectives
Analysis and evaluation of risk exposures
Risk strategies
Risk management products
Insurance law and claims process
Product, company and adviser selection and due diligence
MODULE 6: Retirement Planning
Retirement principles
Retirement objectives
Retirement needs analysis and forecasts
Potential sources of retirement income
Retirement income and withdrawal projections and strategies
Retirement planning and funding products
MODULE 7: Estate Planning and Wealth transfer
Estate planning principles
Estate planning objectives
Legal related issues
Asset ownership and its implications
Estate planning documents
Succession planning
Special family situation
Projected financial situation at death
Estate planning strategies
Philanthropy and charitable giving
Management in the event of incapacity (i.e., living estate planning)
MODULE 8: Integrated Financial Planning
Strategies
Synthesis and recommendations
Client engagement, communication, and financial planning process
Collection and data
Attitudes, goals and objectives
Issues and problems
Analysis
