Help Icon

CFE8007

Course
CFE8007
Course Title
Financial Plan Development Course

Description

This Capstone course is approved by the CFP Board of Standards, Inc. to satisfy the Financial Plan Development Course requirement. It is a comprehensive course where students will be able to apply the knowledge and skills acquired throughout the CFP(r) Certification Education Program toward the preparation, implementation and delivery of a financial plan.

Objectives

Upon completion, students should be able to:

  • Demonstrate a comprehensive understanding of the content found within the Financial Planning curriculum and effectively apply and integrate this information in the formulation of a financial plan.
  • Effectively communicate the financial plan, both orally and in writing, including information based on research, peer, colleague, or simulated client interaction and/or results emanating from synthesis of material.
  • Collect all necessary and relevant qualitative and quantitative information required to develop a financial plan.
  • Analyze personal financial situation, evaluating clients' objectives, needs, and values to develop an appropriate strategy within the financial plan.
  • Demonstrate logic and reasoning to identify the strengths and weaknesses of various approaches to a specific problem.
  • Evaluate the impact of economic, political and regulatory issues with regard to the financial plan.
  • Apply the CFP Board Financial Planning Practice Standards to the financial planning process.

Content

  • Class 1 (3 hours)
    • Introductions and expectations
    • Review Fundamentals of Financial Planning and Insurance Planning
    • Using the Financial Planning Process to develop and present a financial plan
    • Introduction to planning software
  • Class 2 (3 hours)
    • Review Investment Planning and Tax Planning
    • Case: Recently Married - David & Julia Motschall with 2 full plans
  • Class 3 (3 hours)
    • Review Retirement Planning and Estate Planning
    • Case: Young Couple - Wei and Chunping Hsu
  • Class 4 (3 hours)
    • Case: Mid-Life Career Changes - Eric and Kathy Redding
  • Class 5 (3 hours)
    • Case: Retirement/College Funding - Aamil and Charise Obeng
  • Class 6 (3 hours)
    • Case: Widow - Judy Cameron
  • Class 7 (3 hours)
    • Case: Retiring Executives - Naresh and Vanita Agarwal
  • Class 8 (3 hours)
    • Case: Terminally Ill - Carlos and Paquita Lopez
  • Class 9 (3 hours)
    • Case: Harriett Longo
  • Class 10 (3 hours)
    • Case: Same Sex Couple - Aron Goldin and Eric Schroeder
  • Class 11 (3 hours) and Class 12 (3 hours)
    • Group Planning
    • Define Relationship
    • Gather Data
    • Analyze
    • Recommendations
    • Implementation
    • Monitoring
  • Class 13 (3 hours) and Class 14 (3 hours)
    • Group Presentations
  • Class 15 (3 hours)
    • Review and Wrap Up: The Process

 

Prerequisites

Completion of CFP Certification Curriculum (CFE 8001, 8002, 8003, 8004, 8005, 8006) or Department Approval.

Method of Instruction

 Lecture

Evaluation

This course is evaluated on a Pass/Fail basis. Students (individually or in a group) will be evaluated on the development and presentation of a financial plan, through an Assessment Rubric.