Chris Wyman – CFI Education – Financial Planning Principles

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