Build financial planning expertise at all levels of your organization with our Wealth Management Specialist (WMS) certificate program. The WMS program will provide a substantial overview of the most important financial planning and wealth management concepts. Select the below buttons to view the details on each of our 13 course offerings.
A financial planner needs to understand the fundamentals of the wealth management process. This course reviews the relevant principles to consider in the asset allocation process as well as investment strategies that are used in the accumulation of wealth. Also included are explanations and examples of basic time value of money computations. Basic tax implications of investments used in the wealth management process, along with retirement and estate planning considerations, are also discussed.
It is important to understand the common elements involved in solving time value of money calculations needed during the financial planning process. This course introduces present and future value applications and how they relate to the financial planning practice. Proper use of the financial function calculator in solving these applications is also featured. This course also illustrates loan, mortgage, and lease payment calculations.
The relationship of risk and return is an important concept for the financial planner. In this course, investment strategies are presented by analyzing the risk/return relationship of investments. Statistical measurements of a portfolio’s risk and the performance of the assets within a portfolio are also considered. Explanations of selected portfolio management techniques are also provided.
Financial planning requires a good understanding of the relevant principles of the asset allocation process. In this course, returns of various asset classes over specified time horizons are examined. Practical approaches to asset allocation are discussed and various situations are evaluated to determine optimal asset allocation strategies for clients.
Statistical measures of risk are important when developing a financial plan. In this course, various types of investment strategies are examined. Historical returns of equity and fixed income investments are calculated. This course assesses the performance of assets within a portfolio and discusses the use of selected portfolio management techniques. Value investing and growth stock investing are also considered.
It is critical for financial planners to have an understanding of the tax implications of various types of investments. In this course, the tax consequences of individual stocks, bonds, insurance-based products, real estate ownership, and derivatives are discussed. Tax opportunities and strategies based on client profiles are identified. Other topics highlighted are income tax systems, tax filing statuses, AMT (alternative minimum tax), and other tax calculations.
Debt and credit management may be a topic discussed during the financial planning process. Therefore, it is important that the financial planner understand the basic types of debt and financing options available to clients. This course provides an overview of credit and debt and presents issues to consider when selecting and securing a mortgage. Collateralized loans, loan options for education expenses and financing options available to affluent investors are also discussed.
A sound financial plan will include insurance to cover the various risks to which clients are exposed. This course explains the concepts used in an insurance needs analysis. Personal and business uses of insurance are also discussed, as well as the various types of insurance available to clients. Long-term care insurance, liability policies, and annuity contracts are also examined.
Many clients today are faced with the considerable cost of their children’s education. This course discusses the various education planning techniques available to meet these costs. Necessary investment amounts are calculated given a set of payments, interest rates, lump-sum needs, time horizons, and other variables. Education funding vehicles, such as the American Opportunity Tax Credit, the Lifetime Learning Credit, and Section 529 plans are also presented.
Financial planners must understand the various types of business entities in the event the client is a business owner. In this course, the characteristics of the various types of business entities are presented. Also presented are the steps used to select the most appropriate form of business entity for a given set of circumstances. The financing, operation and disposition of closely held corporations are discussed in this course.
Today, people are living longer and desiring to retire earlier. Therefore, retirement planning is very often an essential part of a comprehensive financial plan. This course describes the basic steps in the retirement planning process and identifies possible sources of retirement income. The basic provisions of employer-sponsored retirement plans and Social Security are studied. Additionally, the use of traditional and Roth IRAs in retirement planning is discussed.
Understanding the features and benefits of stock plans, nonqualified deferred compensation, and other types of equity compensation plans is key for financial planners who must assess clients’ retirement benefits. This course explains incentive stock options and non-qualified stock options and the tax consequences of each. Restricted stock, stock appreciation rights (SARs) and employee stock purchase plans are also discussed. The purpose and benefits of nonqualified deferred compensation plans are also highlighted.
For financial planners working with high-net-worth clients, being familiar with estate planning techniques is essential. In this course, the important reasons for estate planning are presented with descriptions of the various tools used to meet the estate wishes of clients. The tax consequences of charitable deductions, trusts, asset titling, and tax credits are also discussed.