Description
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Chris Wyman – CFI Education – Financial Planning Principles
Financial Planning Principles
This course introduces you to the holistic, 7-step financial planning process that underpins the journey an advisor takes his or her clients through. You will learn about the common milestones in life that you may want to plan for and how an advisor will guide you through the journey.
Overview
Financial Planning Principles Course Overview
Achieving financial goals requires two key efforts: planning and process. Understanding the principles of financial planning means you will know the holistic lifecycle of a client’s financial needs – what they need to plan for when, and how to execute against a plan. Having a strong understanding of financial planning principles is essential for bringing order and process to a client’s journey.
Financial Planning Principles Learning Objectives
Upon completing this course, you will be able to:
Describe the purpose of a financial plan and why it is important
List the 7-steps of financial planning and describe what interactions take place between a financial advisor and prospective client at each step
Who Should Take This Course?
This Financial Planning Principles course is for anyone – from those interested in pursuing a career in Financial Planning and Wealth Management, to those who do not, but are interested in becoming their own finance professional first. This course is a primer that introduces the foundational concepts you need to understand to navigate topics in financial planning and wealth management.
What you’ll learn
Introduction
Overview
Course Objectives
Downloadable Course Files
Defining Key Words
Meet the Pritchetts and their Financial Planner
The What and Why of a Financial Plan
The Plan
What and Why of a Financial Plan
Establishing the Working Relationship
The Financial Planning Process
Terms of Engagement Agreement
Download Engagement Letter – Pritchetts – Component Parts Identified
Step-by-Step Financial Planning Process Overview
Let The Financial Planning Process Begin
Step 1: Understanding Personal and Financial Circumstances
Key Financial Ratios for Understanding Your Client Part 1
Key Financial Ratios for Understanding Your Client Part 2
Key Financial Ratios for Understanding Your Client Part 3
Key Financial Ratios for Understanding Your Client Part 4
Step 1 Recap
Meeting Between the Pritchetts and Their FP – Step 1
Meeting Debrief
Step 2: Identifying and Selecting Goals
Meeting Between the Pritchetts and Their FP – Step 2
Meeting Recap
Step 3: Analyze the Client’s Course of Action
Step 4: Developing the Financial Planning Recommendation
Step 5: Presenting the Financial Planning Recommendation
Step 6: Implementing the Financial Planning Recommendation
Step 7: Monitoring Progress and Updating
Course Summary
Course Summary
Qualified Assessment
Qualified Assessment
What our students say
Great and feeling accomplished
Wycliffe Weke S
Fun and Engaging
Great course content, very engaging and informative.
Tharindu Nalaka
