We have many professionals that are currently working on CFP® certification classes. Taking classes via the Internet is not for everyone. You must be self-disciplined and be able to read and understand complex financial planning topics. Internet classes do offer lots of flexibility.
Once the course begins you will have weekly reading assignments, audio PowerPoint presentations covering course material, and weekly exams that generally consist of about 40-50 multiple choice questions (some professors may have written portions). You must get 75% of the exam questions correct to pass the course.
All students are required to enroll in Fundamentals as their 1st course.
- Fundamentals of Financial Planning
This course will provide a general overview of the financial planning process and how it pertains to both individuals and household units. More specifically the focus will be on calculating the e value of money, financial statement development and analysis, cash flow management, education planning, insurance, investments, personal taxation, retirement, estate taxation, and ethics in financial planning. This course will provide you with a basic understanding of the process of financial planning and each core content areas (Insurance, Investments, Retirement, Income Taxation, and Estate Planning).
- Investment Planning
This course will provide you with the investments educational requirements toward the CFP(R). The investments portion represents approximately 19% of the CFP exam. This course will provide you with a basic understanding of investment risk, return, and modern portfolio concepts. More specifically, we will study common stocks, bonds and other fixed income securities, mutual funds, and derivatives.
Estate Planning and Taxation
This course explores the application of estate planning tools and techniques for a personal financial planner. Topics include: wills, testamentary capacity, intestacy, property interests, probate processes, gift and estate tax, trust classification and taxation, qualified charities, charitable giving strategies, and the marital deduction. Upon successful completion of the course, students will be able to recommend appropriate estate planning strategies for clients.
- Retirement Planning
The Retirement Planning course provides an introduction to retirement plans and employee benefits. The goal is to prepare financial planners in helping individuals achieve financial security. The emphasis is on the decision making process of the individual in consultation with the financial planner. After a thorough review of retirement funding, this course discusses qualified pension plans, profit sharing plans and stock bonus plans as well as distributions from and administration of these plans. Other topics include IRAs, SEPs, 401(k)-, 403(b)-, and 457 Plans, Social Security, Deferred Compensation and Non-qualified Plans. Last but not least, employee benefits are explored in two dimensions; namely, fringe and group benefits.
- Tax Planning
This course will discuss tax planning issues likely to appear on the CFP® exam and provide you with the knowledge and skills necessary to practice as a financial planner in the income taxation area. Upon completion of this class, you will be able to determine gross income, calculate and report deductions for and from gross income and losses, calculate and report credits, report assets and related deductions, calculate and report gains and losses and losses from capital and business assets, understand non-taxable exchanges, understand the legal procedures required to resolve tax issues, apply rules related to passive activities and the alternative minimum tax, and distinguish the taxation of various business entities.
- Insurance Planning
The Insurance planning course looks at the basics of insurance and risk and their role as relates to financial planning. The topics covered include life, annuities, disability, long-term care including social security, Medicare and Medicaid. It also includes types of Employee benefit plans and their various facets such as cafeteria plans and flexible spending accounts. The purpose of the course is to ensure that the financial planner has adequate knowledge of the insurance area to adequately advise clients about making the right choices.
- Plan Presentation Course (Capstone)
Effective December 31st, 2011, Challenge Candidates that did not previously sit for the CFP® Exam or start this program prior to December 31st, 2011 will be required to complete the Financial Plan Presentation course (Capstone) in order to sit for the March 2012 exam, or later. If a challenge candidate registered for the November 2011 CFP® exam as a “challenge candidate”, but did not pass the November exam, they will not be required to complete the Financial Plan Presentation course to take the exam again.
Texas A&M University, partnered with Dalton Education, will offer this course consisting of online, self-paced study combined with live online instruction. Students will learn how to prepare and present a financial plan using financial planning software and multiple approaches to identify and plan for a client's goals and risks. New Textbook available 9/1/13.
Certificate of Completion
Upon completion of the core courses you will be awarded a Certificate of Completion from the Texas A&M – Commerce Center for Professional Development. For a copy please contact Jessica Adams 903-886-5089.