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Course Descriptions

General Financial Planning Principles, Professional Conduct, and Regulation/Risk Management, Insurance, and Employee Benefits (48 Hours)

Course will introduce students to the theory and practice of financial planning. Students will receive an overview of specific areas of financial planning including tax planning, investment planning, retirement savings and income planning, and estate planning. Behavioral finance, communication techniques, and counseling principles are also presented. In addition, this course will present topics on the concepts of time value of money, education and retirement funding, risk management, insurance and employee benefits planning. The course considers risk management principles and the various types of insurance coverage in the marketplace today, focusing on the role of planning for insurance needs.  Insurance topics include life, medical expense, and property/casualty policies, as well as long-term care and disability.  It also covers benefits made available to employees by employers - commonly referred to as employee or fringe benefits.  Employee benefit topics include group policies, deferred compensation, equity-based compensation, and business applications of life insurance.

Investment Planning (36 Hours)

This course introduces risk-return concepts, debt and equity securities, and options and futures contracts. The course uses a Portfolio Project to evaluate the array of financial instrument investment alternatives and their risk profile. Participants analyze expected return characteristics, individually and in combination within a portfolio. Different investment strategies and valuation models are used to understand basic investment principles and practices.

Tax Planning (36 Hours)

This course reveals effective income tax planning strategies, whether personal or related to an individual’s business interests. Topics covered include individual income tax calculations, deductions, the tax characteristics of various business entities, trust and estate taxation, basis of property and cost recovery, property dispositions, passive activity losses, at-risk rules, miscellaneous taxes, interest on deficiencies and refunds, penalties, accounting methods, accounting periods, and tax management techniques.

Retirement Savings and Income (36 Hours)

This course covers determination of the retirement savings need and subsequently considers both government and employer-sponsored methods of providing for one’s retirement. Distribution options from corporate retirement plans are reviewed as well as the suitability of an investment portfolio in ensuring a comfortable and profitable retirement.

Estate Planning (36 Hours)

Once the wealth accumulation process is complete, distributing excess wealth is a primary goal for many financial planning clients. This course presents the challenges of effective estate planning raised by tax code changes. It begins with a consideration of the estate planning process and the documents of transfer. The course then addresses the unified transfer tax system and the calculation of an individual’s estate tax liability. Estate planning techniques, such as trusts, marital and charitable deduction vehicles, and intra-family business and property transfers, are then discussed. The course ends with a consideration of postmortem tax planning.

Financial Plan Development / Capstone Case Course in Financial Planning (36 Hours)

The final course of the program will involve case analysis and the integration of the six major areas of personal financial planning, which include: