Understanding the Basic Techniques of Financial Planning

Overview

Unveiling the intricate layers of the financial planning process, this course offers an exhaustive exploration of the essential components that constitute a comprehensive financial plan. From the initial stages of budget formulation to the intricacies of risk tolerance evaluation and optimal asset allocation strategies, participants will emerge with a profound comprehension of this intricate domain.

Highlights

A comprehensive review of the entire financial planning process. Equipping participants to assist clients in developing practical and functional budgets. Optimizing the utilization of a client’s assets for maximum financial benefit. Navigating the complexities of risk and reward evaluation, aligned with a client’s investment horizon. Proficiency in assessing a client’s propensity for risk-taking. Tackling challenges inherent in measuring a client’s risk tolerance. Exploring psychological factors that influence risk behavior. Mastering fundamental investment and portfolio management principles. Unveiling the significance of a strategic asset allocation policy within a financial plan. Addressing regulation and registration considerations for investment advisors. Understanding the strategic deployment of personal financial statements. Setting the stage for participants to become effective financial service professionals. Exploring the cooperative approach to financial planning. Gleaning insights from ten key steps for success as a financial planner.

Prerequisites

None

Designed For

CPAs, EAs, attorneys, financial planners, bankers, and insurance agents

Objectives

At the end of this course, you will be able to: Identify and comprehend the pivotal constituents within a comprehensive financial plan.