CFP Board Financial Planning Competency Handbook, Second Edition

  • 15h 59m
  • Charles R. Chaffin
  • John Wiley & Sons (US)
  • 2015

The official CFP guide for career excellence

CFP Board Financial Planning Competency Handbook is the essential reference for those at any stage of CFP certification and a one-stop resource for practitioners looking to better serve their clients. This fully updated second edition includes brand new content on connections diagrams, new case studies, and new instructional videos, and a completely new section devoted to the interdisciplinary nature of financial planning. You'll gain insights from diverse fields like psychology, behavioral finance, communication, and marriage and family therapy to help you better connect with and guide your clients, alongside the detailed financial knowledge you need to perform to the highest expectations as a financial planner. The only official CFP Board handbook on the market, this book contains over ninety chapters that are essential for practitioners, students, and faculty.

Whether a practitioner, student, or faculty member, this guide is the invaluable reference you need at your fingertips. Comprehensive, clear, and detailed, this handbook forms the foundation of the smart financial planner's library.

Each jurisdiction has its own laws and regulations surrounding financial planning, but the information in this book represents the core body of knowledge the profession demands no matter where you practice. CFP Board Financial Planning Competency Handbook guides you from student to practitioner and far beyond, with the information you need when you need it.

In this Book

  • Theory and Practice
  • Function, Purpose, and Regulation of Financial Institutions
  • Financial Services Regulations and Requirements
  • Consumer Protection Laws
  • Fiduciary
  • Financial Planning Process
  • Financial Statements
  • Cash Flow Management
  • Financing Strategies
  • Economic Concepts
  • Time Value of Money
  • Client and Planner Attitudes, Values, Biases, and Behavioral Finance
  • Principles of Communication and Counseling
  • Debt Management
  • Education Needs Analysis
  • Education Savings Vehicles
  • Financial Aid (Education)
  • Gift and Income Tax Strategies (Education)
  • Education Financing
  • Principles of Risk and Insurance
  • Analysis and Evaluation of Risk Exposures
  • Health Insurance and Health Care Cost Management
  • Disability Income Insurance (Individual)
  • Long-Term Care Insurance
  • Annuities
  • Life Insurance (Individual)
  • Business Uses of Insurance
  • Insurance Needs Analysis
  • Insurance Policy and Company Selection
  • Property and Casualty Insurance
  • Characteristics, Uses, and Taxation of Investment Vehicles
  • Types of Investment Risk
  • Quantitative Investment Concepts
  • Measures of Investment Returns
  • Asset Allocation and Portfolio Diversification
  • Bond and Stock Valuation Concepts
  • Portfolio Development and Analysis
  • Investment Strategies
  • Alternative Investments
  • Fundamental Tax Law
  • Income Tax Fundamentals and Calculations
  • Characteristics and Income Taxation of Business Entities
  • Income Taxation of Trusts and Estates
  • Alternative Minimum Tax (AMT)
  • Tax Reduction and Management Techniques
  • Tax Consequences of Property Transactions
  • Passive Activity and At-Risk Rules
  • Tax Implications of Special Circumstances
  • Charitable/Philanthropic Contributions and Deductions
  • Retirement Needs Analysis
  • Social Security and Medicare
  • Medicaid
  • Types of Retirement Plans
  • Qualified Plan Rules and Options
  • Other Tax-Advantaged Plans
  • Regulatory Considerations
  • Key Factors Affecting Plan Selection for Businesses
  • Distribution Rules and Taxation
  • Retirement Income and Distribution Strategies
  • Business Succession Planning
  • Characteristics and Consequences of Property Titling
  • Gifting Strategies
  • Estate Planning Documents
  • Estate Tax Compliance and Tax Calculation
  • Sources for Estate Liquidity
  • Types, Features, and Taxation of Trusts
  • Marital Deduction
  • Intra-Family and Other Business Transfer Techniques
  • Postmortem Estate Planning Techniques
  • Estate Planning for Non-Traditional Relationships
  • Establishing and Defining the Client-Planner Relationship
  • Gathering Information Necessary to Fulfill the Engagement
  • Analyzing and Evaluating the Client's Current Financial Status
  • Developing Financial Planning Recommendations
  • Communicating the Financial Planning Recommendations
  • Implementing the Financial Planning Recommendations
  • Monitoring the Financial Planning Recommendations
  • Gathering Data from Clients: Insights from Cognitive Task Analysis and Requirements Engineering
  • The Need for Education
  • Financial Planning Standards Board
  • Behavioral Finance and Its Implications for Financial Advisors
  • Applications of Behavioral Economics in Personal Financial Planning
  • Marriage and Family Therapy Applications to Financial Planning
  • Financial Therapy: The Integration of Financial Planning and Theory
  • Aging Clients: Special Considerations
  • Accounting for Time: Important Distinctions and Concepts for Financial Planners
  • The Psychology of Decisions: A Short Tutorial
  • Moving Forward
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