Much of the personal financial planner's work involves asking the right questions to better understand a client's financial situation and to provide the client with accurate information. As the personal financial planner, you will want to have a fundamental understanding of the time value of money concepts, as well as the competent use of a financial calculator or time value of money software, to help your clients establish realistic financial goals.
In this CPE course, we cover Assumptions, Time Value of Money and Calculator and Cash Management Strategies. Fundamental to all PFP engagements are the assumptions to be used in the personal financial plan. Using established financial ratios, such as the housing expense ratio, the debt-to-income ratio, and the savings rate ratio, you can facilitate the creation of the personal financial planning client's spending plan, which is the basis for many of the recommendations in the PFP process.
Delivery Method: Self Study
CPE Credit: Specialized knowledge
Program Level: Intermediate