Master of Science in Financial Services

One of the industry’s most pragmatic elite degrees.

MS600 - Financial Planning

Depth. Breadth. Technical sophistication.

If you're new to financial planning, this course will serve as a comprehensive and effective source to bring your technical skills up to the highest level.

For experienced professionals, you'll learn even more advanced knowledge and gain an edge over the competition.

The course material covers the following:

The Financial Planner Role

  • Emerging Trends
  • Future Demands
  • Financial Planning Concepts
  • Key Areas and the Client
  • Communication and Coordination
  • Competence and Commitment to Ethics

Planning Process

  • Personal Financial Planning
  • Qualifying a Potential Client
  • Signing a Formal Contract
  • Gathering Data
  • Processing and Analyzing Data
  • Recommendations for Actions
  • Implementation
  • Monitoring and Reviewing

Time Value

  • Simple Interest
  • Present & Future Value: Fixed Sum
  • Present & Future Value: Annuity
  • Annuity Due: Refinement
  • Present Value: Perpetuity
  • Uneven Payment Series
  • Nominal vs. Effective Interest Rates
  • Role of Inflation
  • Internal Rate of Return
  • Safety through Risk Management
  • Educational Planning
  • Cash Management
  • Disposition through Estate Planning
  • Retirement, Investment and Tax Strategies
  • Financial Independence

Life Insurance

  • Handling Risk
  • Basic Types
  • Universal Life
  • Blended Insurance Policies
  • Variable and Variable Universal Life
  • Interest Sensitive Whole Life
  • Adjustable Life Insurance
  • Survivorship Life
  • Individual and Group Life Insurance
  • Cafeteria Plans
  • Taxation
  • Life Insurance and Estate Taxes
  • Switching Policies and Ratings

Life Insurance Planning

  • Determination of Need
  • Costs of Life Insurance
  • Loans from a Life Insurance Plan
  • Settlement Options
  • Additional Techniques
  • Miscellaneous Insurance Issues

Health Insurance

  • Determination of Need
  • Types of Health Insurance
  • Disability Income Insurance
  • Disability to LTC Policies
  • Filling Disability Benefit Gaps
  • Group Health Insurance
  • Sources of Health Insurance
  • Medicare Act
  • Medicare Supplement Policies
  • Long-Term Health Care
  • Planning Strategies

Homeowner's Insurance

  • Policy Forms and Major Provisions
  • Planning Strategies

Auto Insurance

  • Basic Coverage
  • No Fault Insurance

Liability Insurance

  • Umbrella Liability Insurance
  • Director's Liability Insurance
  • Professional Liability Insurance

Educational Planning

  • College Costs
  • Savings for College Costs
  • Tax Relief Reconciliation Act
  • Educational Investment Instruments
  • Asset Allocation Strategy
  • Financial Assistance
  • Family's Expected Contribution
  • Repayment of Student Loans
  • Reduction of College Debts

Credit and Debt

  • Net Worth Planning
  • Cash Management and Budgeting
  • Cash Flow Analysis and Planning
  • Cash Flow Alternatives

Systematic Savings

  • Starting Point and Goal Setting
  • Effective Savings Strategies
  • Emergency Funding Strategies
  • Criteria for Savings Media Selection
  • Cash Management Strategies

Credit and Debit

  • Debt vs. Credit
  • Consumer Credit Sources
  • Types and History of Credit
  • Effective Interest Rates
  • The Burden of Debt
  • Bankruptcy

Estate Planning

  • Basic Structure and Objectives
  • Joint Ownership
  • Trusts and Wills
  • Lifetime Gifts
  • Computation of Estate Tax
  • Estate Planning Concepts
  • Estate Tax Reduction Strategies
  • Preservation and Distribution Strategies
  • Miscellaneous Planning Issues

Retirement Planning

  • Basic Retirement Structure
  • Government Sponsored Plans
  • Corporate Retirement Plans
  • Personal Retirement Plans
  • Retirement Income Needs Analysis
  • Distribution from Qualified Plans
  • Retirement Income and Strategies

Investment Planning

  • Fixed Income Investments
  • Common and Preferred Stock Investments
  • Mutual Funds
  • Traditional Index Funds
  • Variable Annuity Products
  • Life Investment Products
  • Sophisticated Investment Products
  • Fixed Income and Equity Securities
  • Theory of Portfolio Construction
  • Planning Strategies

Tax Planning

  • Basic Tax Structure
  • Income Tax Computation
  • Education Provisions
  • Planning Strategies
  • Business Entities

Independence Planning

  • Comprehensive Financial Plan
  • College Planning Issues
  • Importance of Insurance
  • Monthly Disability Analysis
  • Asset Allocation
  • Alternative Minimum Tax (AMT)
  • Federal Estate Tax
  • Transfer Tax Computation

Special Planning Topics

  • Planning for Widows
  • Managing a Financial Planning Practice
  • Sale of Practice

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