Financial Planning
Overview/Description
Financial planning has become essential in the lives of consumers. Meeting financial goals takes time and the expertise of individuals who understand customer needs and can, in turn, offer viable strategies for meeting those needs. Financial institutions offer a variety of products and services to assist planners, which ultimately benefit customers. This course is designed to arm employees with the knowledge necessary to assist customers in identifying financial goals and executing strategies to meet those goals.
Target
Audience
any financial service employee who wants to understand the basics of financial planning
Expected
Duration
2.0 hours
Lesson
Objectives:
Plan for Financial Success
recognize the benefits of planning as a strategy for gaining financial success.
identify seven reasons why financial planning is important.
select the four greatest obstacles to building wealth.
determine the minimum rate of return to beat specified tax and inflation rates.
Determine a Financial Position
select the advantage of knowing how to establish a current financial status for the purpose of financial planning.
use cash flow analysis to reach a conclusion about specified financial planning issues.
establish assets and liabilities to calculate net worth in a given scenario.
use cash flow and net worth to establish the foundation for establishing financial goals in a given scenario.
Establish Financial Planning Priorities
choose the benefits of knowing how to establish a personal investment profile.
identify the characteristics that define an investment profile.
choose the typical risk outcomes based on a specified type of investment.
determine the investor's risk tolerance profile in a scenario.
Understand Investment Vehicles
identify the benefits of knowing the three primary types of investments.
identify the primary securities that characterize cash investments.
match the types of bonds to their description.
identify the types of stocks.
Course Number: FS0101