Financial Planning


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Financial Planning

  1. 1. FINANCIAL PLANNING EDUCATION CENTER Financial Financial Planning Education Center FALL 2007 FALL 2007 PROGRAM AND COURSE GUIDE Chicago’s Largest, Longest Running and Most Successful Financial Planning Certificate Program
  2. 2. Financial Planning Education Center DePaul University’s Financial Planning Education Center provides VIsIT oUR WebsITe continuing education and training for financial service professionals. For online registration and course Since 1999 the center has offered rigorous and challenging courses information, please visit our website: taught by accomplished instructors who are experts in their subject areas. Our core program is the Financial Planning Certificate PRoGRaM ConTaCT program, the largest, most successful and longest-running CFP Dorothy Jagonase (312) 362-5321 Board-registered program in the Chicago area. We also offer customized on-site programs for companies and organizations interested in specialized training for their staff. Whether you are a career changer wishing to break into the financial services industry or an executive seeking advancement in your profession, the CoRPoRaTe PRoGRaMMInG Financial Planning Education Center offers a range of classes The Financial Planning Education Center can provide training at your office for as few as 15 and programs to suit your needs. individuals. Our on-site corporate offerings include the following programs: • Financial Planning Certificate Program Table of ConTenTs – See page 1. Why Pursue The CerTified finanCial PlannerTM Certification? 1 • CFP® Certification Examination Review – See page 5. financial Planning Certificate • Certified Financial Divorce Practitioner™ – See page 5. Required Courses • Registered Paraplanner™ Program Fundamentals of Financial Planning and Insurance Planning 2 – Call for details. Investment Planning 2 • NASD Licensing, Including Series 7 Income Tax Planning 2 – Call for details. Retirement Planning and Employee Benefits 2 The Financial Planning Education Center also Estate Planning 2 provides customized programs for companies. Optional Courses With access to the talents and diverse expertise of DePaul University’s outstanding faculty, we CFP® Certification Examination Review 5 have developed one-day seminars on the basics Calculator Training Workshop 5 of planning as well as training programs on the methods and values of relationship-based Certified financial Divorce Practitioner TM sales techniques. examination Review 5 DePaul University remains committed to family & Divorce Mediation Certificate 5 strengthening and expanding its partnerships with companies serving the Chicago area. The Financial Planning Education Center Registration form 3 has provided on-site training for a number of corporations, including the following: • LaSalle Bank – ABN AMRO • Wachovia Securities • Morgan Stanley • Harris Bank Our on-site programs maintain our high educational standards while offering convenience in both scheduling and location. Financial Planning Education Center
  3. 3. Financial Planning Certificate Program WHY PURsUe THe CerTified finanCial PlannerTM Flexible payment options – The DePaul Financial Planning Certificate Program offers company deferral payment options and CeRTIfICaTIon? the opportunity to pay as you go—or pay for only the course you are The public’s growing need for objective financial planning taking. There is no requirement to commit to all five classes or pay advice, coupled with the rigorous standards for financial planning tM for classes you will not be taking. The company deferral payment certification, have made the Certified finanCial Planner option is available to individuals who have tuition reimbursement certification an important distinction for financial planning plans through their employers and is designed to minimize your professionals. Introduced in 1972, CFP® certification has become out-of-pocket expenses. the most widely recognized financial planning credential among consumers. The CFP® mark assures customers that you are a Proven success – DePaul Financial Planning Certificate Program trained professional and can help you increase client satisfaction students have consistently out-performed the national average for and retention. first-time test-takers on the CFP® Certification Examination. In addition, the real-world experience of our faculty ensures that students DePaul University’s Financial Planning Certificate Program is are not only prepared for the exam but also aware of the issues facing registered with the Certified Financial Planner Board of Standards, financial planners in today’s increasingly competitive market. Students Inc. (CFP Board) as an educational provider for individuals preparing who supplement the five required courses with the CFP® Certification to sit for the CFP® Certification Examination. The program is designed Examination Review course have a higher pass rate than students who to help trained professionals plan, assess and evaluate a client’s financial take only the basic program. future through the development of a comprehensive financial plan. Our courses are taught by experts in a variety of financial planning Continuing education Credits areas, including insurance planning, investment planning, income tax Students who are eligible for continuing education credits from the planning, retirement planning, employee benefits and estate planning. Illinois Department of Financial and Professional Regulation or the Illinois Division of Insurance should indicate this on the registration Who should attend form provided. Submission will occur upon successful completion of a This comprehensive financial planning program is intended for course. Only the five required courses are approved for CE/CPE credit. individuals in the investment brokerage, insurance, banking, accounting Each 10 hours of in-class participation equals one CEU credit. and legal professions. The program is also appropriate for professionals from other industries who want to make a career change and are Transfer Policy committed to the rigorous nature of the program. Transfer of coursework from another CFP Board-registered program is possible. Requests must be made in writing to the program manager How You Will benefit and sent along with an official copy of your transcript as well as Students will receive at least 30 hours of in-depth instruction on course descriptions from the school’s course catalog. Students must each of the five required subject areas. Our program also offers complete more than 50 percent of their coursework at DePaul, the following important benefits: exclusive of transfer credit, to qualify for a DePaul Financial Planning Experienced instructors – All courses are taught by instructors with Education Center certificate. extensive professional experience. Instructors have either the CFP® Textbooks certification or other appropriate professional license or designation. Textbooks are required for each course and are available for purchase DePaul University’s instructors use the financial planning topics at the Loop campus bookstore or online at Study outlined by CFP Board as a framework for all courses, supplemented guides are required for each course at the fee noted and are paid for by their own exercises, case studies and handouts. The result is a at the time of registration. Study guides will be shipped directly to series of courses combining sound financial planning theory and your preferred address. Textbook fees and the CFP® Certification practical skill development. Examination fee are not included in the tuition cost. Convenient campus locations and scheduling – Courses are Requirements for Certification offered at DePaul’s Loop, O’Hare, Naperville and Rolling Meadows The DePaul Program provides only the educational component for campuses on a quarterly schedule. Classes are offered on weeknights CFP Certification, please visit CFP Board’s website and Saturdays. The program makes every effort to accommodate for a complete listing of requirements. working students and their business and personal commitments— students are welcome to make up classes they have missed by joining another class session or visiting another campus. Certified Financial Planner Board of Standards Inc. owns the marks CFP®, Certified finanCial Planner™, and CFP (with flame logo)® in the U.S., which it awards to individuals who successfully complete initial and ongoing certification requirements. DePaul University does not certify individuals to use the CFP ®, Certified finanCial Planner™ and CFP (with flame logo)® certification marks. CFP® certification is granted only by Certified Financial Planner Board of Standards Inc. to those persons who, in addition to completing an educational requirement such as this CFP Board-Registered Program, have met its ethics, experience and examination requirements. Financial Planning Education Center
  4. 4. Financial Planning Certificate Program Required Course List fUnDaMenTals of fInanCIal PlannInG InCoMe Tax PlannInG (fPeC 103) anD InsURanCe PlannInG (fPeC 101) This course provides an overview of the federal tax system, including This course provides an introduction to the basic terminology of the concepts of personal and business taxation. Topics include the following: financial planning profession, including evaluation of client data, • Tax compliance needs and goals and the concept of time value of money. Topics • Income tax fundamentals and calculations include the following: • Tax accounting methods • Financial planning process • Tax characteristics of entities • CFP Board’s Code of Ethics and Professional Responsibility • Cost basis, cost-recovery concepts • CFP Board’s Financial Planning Practice Standards • Tax consequences of like-kind exchanges • Personal financial statements • Tax consequences of gain or loss on sale of assets • Budgeting • Alternative minimum tax • Function, purpose and regulation of financial institutions • Tax management techniques • Client attitudes and behavioral characteristics • Passive activity and at-risk rules • Financial planning for special circumstances • Charitable contributions and deductions • Time value of money concepts and calculations • Characteristics and consequences of types of entities ReTIReMenT PlannInG anD and property titling eMPloYee benefITs (fPeC 104) In addition, students will gain a thorough understanding This course introduces the various alternatives available in planning of insurance basics, a broad range of insurance types and risk for retirement, including qualified and non-qualified retirement plans management strategies. Topics include the following: and social security. Topics include the following: • Principles of insurance • Retirement needs analysis • Analysis and evaluation of risk exposure • Social Security (old age, survivor and disability insurance, • Legal aspects of insurance or OASDI), Medicare • Property and casualty insurance • Types of retirement plans • General business liability • Qualified plan rules and options • Health insurance (individual) • Other tax-advantaged retirement plans • Disability income insurance (individual) • Plan selection for businesses (key factors affecting selection) • Long-term care insurance • Distribution rules, alternatives and taxation • Life insurance The course also addresses non-pension employee benefits, including the following: InVesTMenT PlannInG (fPeC 102) • Employee benefit plans This course introduces basic investment concepts and focuses on • Employee stock options client needs and assessments, particularly as they relate to risk • Stock plans tolerance and exposure. Topics include the following: • Non-qualified deferred compensation • Types and uses of investment vehicles • Employer/employee insurance arrangements • Economic concepts • Types of investment risks esTaTe PlannInG (fPeC 105) • Measures of investment risks and returns The last of the required modules includes an introduction to estate • Time-influenced security valuation concepts planning challenges, techniques and taxation. Topics include the following: • Bond and stock valuation methods • Portfolio management and measurement concepts • Estate planning documents • Formula investing • Gifting strategies and gift taxation • Investment strategies • Incapacity planning • Asset allocation and portfolio diversification • Estate tax calculation and compliance • Efficient market theory • Satisfying liquidity needs • Asset pricing models • Powers of appointment • Leverage of investment assets • Types, features and taxation of trusts • Hedging and option strategies • Charitable giving • Tax-efficient investing • Valuation issues • Investment strategies in tax-advantaged accounts • Deferral and minimization of estate taxes • Taxation of investment vehicles • Generation-skipping transfer tax • Fiduciary responsibilities • Income in respect of a decedent Financial Planning Education Center
  5. 5. Easy Ways To Register ReGIsTRaTIon foRM 1 online: financial Planning education Center Programs and Courses — fall 2007 2 Mail or walk in: DePaul University, CPE Name Date of Birth SSN# 25 East Jackson, Suite 1600 Chicago, IL 60604-2216 Home Address City State Zip 3 fax registration form to: Home Phone Home Email (312) 362-8764 4 Call: (312) 362-6300 Employer Title Business Address City State Zip Business Phone Fax Business Email Preferred mailing address: Home Business Preferred email address: Home Business How did you hear about us: Email Print Ad Direct Mail Internet Search Word of Mouth Employer CPE Event Professional Organization/Association Other _________________________ Highest level of education: High School/GED Masters Degree Associates Degree Professional Degree Bachelors Degree Doctoral Degree Other __________________________________ school previously attended: __________________________________________________________________________ Continuing education Credit: Insurance Accounting Legal fall 2007 fInanCIal PlannInG eDUCaTIon CenTeR CeRTIfICaTe PRoGRaMs location Days Dates Times Duration Cost finanCial Planning CerTifiCaTe PrograM Required Courses: fundamentals of financial Planning and Insurance Planning (fPeC 101) Loop Wednesdays 09/26/07 - 12/12/07 6:00pm - 9:30pm 11 weeks Course Fee: $815 Required Materials: $156.75 Naperville Tuesdays 09/25/07 - 12/11/07 6:00pm - 9:30pm 11 weeks Course Fee: $815 Required Materials: $156.75 Rolling Meadows Thursdays 09/27/07 - 12/13/07 6:00pm - 9:30pm 11 weeks Course Fee: $815 Required Materials: $156.75 Investment Planning (fPeC 102) Loop Wednesdays 09/26/07 - 12/12/07 6:00pm - 9:30pm 11 weeks Course Fee: $745 Required Materials: $156.75 Naperville Thursdays 09/27/07 - 12/13/07 6:00pm - 9:30pm 11 weeks Course Fee: $745 Required Materials: $156.75 Rolling Meadows Tuesdays 09/25/07 - 12/11/07 6:00pm - 9:30pm 11 weeks Course Fee: $745 Required Materials: $156.75 Income Tax Planning (fPeC 103) Loop Tuesdays 09/25/07 - 12/11/07 6:00pm - 9:30pm 11 weeks Course Fee: $745 Required Materials: $156.75 Naperville Thursdays 09/27/07 - 12/13/07 6:00pm - 9:30pm 11 weeks Course Fee: $745 Required Materials: $156.75 Rolling Meadows Wednesdays 09/26/07 - 12/12/07 6:00pm - 9:30pm 11 weeks Course Fee: $745 Required Materials: $156.75 Retirement Planning and employee benefits (fPeC 104) Loop Tuesdays 09/25/07 - 12/11/07 6:00pm - 9:30pm 11 weeks Course Fee: $745 Required Materials: $156.75 Naperville Wednesdays 09/26/07 - 12/12/07 6:00pm - 9:30pm 11 weeks Course Fee: $745 Required Materials: $156.75 Rolling Meadows Thursdays 09/27/07 - 12/13/07 6:00pm - 9:30pm 11 weeks Course Fee: $745 Required Materials: $156.75 estate Planning (fPeC 105) Loop Thursdays 09/27/07 - 12/13/07 6:00pm - 9:30pm 11 weeks Course Fee: $745 Required Materials: $156.75 Naperville Wednesdays 09/26/07 - 12/12/07 6:00pm - 9:30pm 11 weeks Course Fee: $745 Required Materials: $156.75 Rolling Meadows Tuesdays 09/25/07 - 12/11/07 6:00pm - 9:30pm 11 weeks Course Fee: $745 Required Materials: $156.75 * No classes the week of November 19, 2007. 3
  6. 6. ReGIsTRaTIon InfoRMaTIon location Days Dates Times Duration Cost For questions regarding the Optional Courses: Financial Planning Education CfP® Certification examination Review (fPeC 213) Center Certificate Programs O’Hare Various 10/26/07 - 10/28/07 8:30am - 5:00pm 6 days $949 and Courses, contact: 11/09/07 - 11/11/07 Dorothy Jagonase • Optional Review Materials Pre-Review Materials $281.75 (312) 362-5321 Pre-Review Materials with Internet Test Bank $406.75 Certified financial Divorce Practitioner TM examination Review (fPeC 306) foR MoRe O’Hare Tues. Wed. 12/18/07 - 12/19/07 8:30am - 5:00pm 2 days $200 InfoRMaTIon Calculator Training Workshop (fPeC 100) Loop Tuesday 10/02/07 6:00pm - 9:00pm 1 day $175 About these and other DePaul Naperville Saturday 10/06/07 9:00am - 12:00pm 1 day $175 CPE courses, visit our website at Rolling Meadows Saturday 10/06/07 9:00am - 12:00pm 1 day $175 faMily divorCe MediaTion CerTifiCaTe PrograM Loop Various 10/09/07 - 10/11/07 8:00am - 5:00pm 5 days $1500 10/15/07 - 10/16/07 PaYMenT MeTHoD (Payment must be received at the time of registration) Check (payable to DePaul University CPE) Visa MasterCard Discover Payment Deferral Account Number Expiration Date Name as it appears on the card Signature CaMPUs loCaTIons Note: Your registration will not be processed without your signature below. I am aware that a bachelor’s degree and three years of relevant experience in the financial planning process Loop Campus are required by the CFP Board in order to obtain the CFP® designation. 25 East Jackson Boulevard Chicago, IL 60604 (312) 362-6300 Signature Naperville Campus 150 Warrenville Road Naperville, IL 60563 Payment may be made by check, VISA, MasterCard, Discover, or money order. Cash will not be accepted. (630) 548-9378 Payment must be received at the time of registration. Checks should be made payable to DePaul University CPE and reference the student’s name. University policy requires a $25.00 Non-Sufficient Funds (NSF) O’Hare Campus fee to be charged for all returned checks. 3166 River Road All registrations are due seven calendar days before the course start date. Any registration submitted after Des Plaines, IL 60018 that date will be charged a mandatory $75.00 late registration fee. (847) 296-5348 Those students who do not register online will be provided with a confirmation and receipt by mail. Rolling Meadows Campus Students should expect to receive these items by mail within five business days of when DePaul receives Meadows Corporate Center the registration. Should you not receive confirmation within five business days contact our office at (312) 362-6300. East Tower 2550 West Golf Road Written notification of cancellation is required seven calendar days before the course start date in order to Rolling Meadows, IL 60008 receive a full refund, minus a $75.00 cancellation fee. DePaul’s complete registration and student policies can (847) 437-9522 be found on our website at DePaul reserves the right to substitute instructors, change the day and location that programs meet, and cancel programs due to insufficient enrollment or unforeseen events. 4
  7. 7. oPTIonal CoURses Certified financial Divorce Practitioner TM examination Review (fPeC 306) CfP® Certification examination Review (fPeC 213) Family law attorneys and mediators are often untrained in the The CFP® Certification Examination is designed to test candidates’ complexities of tax laws, employee benefits or pension plan evaluations. ability to both synthesize and apply information on 89 financial The entire divorce process introduces new concepts, new terminology planning topics. Individuals who have completed this exam often refer and new financial challenges at a time when an individual is faced with to it as the most difficult test they have ever taken. CFP Board and the emotional—and often financial—turmoil. DePaul Financial Planning Education Center strongly recommend that you participate in a review course prior to sitting for the exam. CFP Certified Financial Divorce Practitioners™ are skilled in the financial Board studies on the determinants of exam success repeatedly find consequences of property settlements, alimony and maintenance. that taking a review course improves test performance. These professionals bring expert financial planning skills to an emotionally charged situation and provide clients with the tools Who should attend necessary for making sound financial decisions. This review course is appropriate for individuals planning to sit for the CFP® Certification Examination—both students who have Who should attend taken DePaul’s Financial Planning Certificate program and other This course is appropriate for self-study candidates seeking to review professionals with a strong background in financial planning. the materials in preparation for the exam. How You Will benefit How You Will benefit This course provides 48 hours of instruction for the CFP® Receive review instruction in the following areas: certification exam in two three-day review sessions held Friday • Establishing client relationships • Family law software to Sunday. The program includes one full day on each of the • Legal issues of divorce • Settlements involving following areas: • Financial issues of divorce retirement plans and • Insurance planning • Retirement planning • Forensic investigation employee benefits • Investment planning and employee benefits • Income tax planning • Estate planning Self-study candidates of the Academy of Financial Divorce Practitioners or individuals with alternate divorce designations The final day of the review provides a variety of test-taking techniques are welcome. as well as a three-hour mock exam complete with class discussion and full rationale for each question. The price of the review course includes all in-class materials. Materials for self-study prior to review are available at an additional cost. A set of model synopses with two mock examinations produced by the College for Financial faMIlY DIVoRCe MeDIaTIon CeRTIfICaTe Planning is available for $281.75. These materials can be supplemented by an Internet DePaul University’s highly regarded 40-hour Family Divorce test bank of approximately 2,000 questions for a total of $406.75. The Internet test Mediation Certificate program provides attorneys, mental health bank is not available for separate purchase. professionals, financial advisors, clergy, and others with the necessary skills and knowledge to effectively manage conflict and resolve Calculator Training Workshop (fPeC 100) disputes which arise within the family context and in divorce All courses offered by DePaul’s Financial Planning Education Center proceedings. This program melds negotiation theory, legal and require mastery of a financial calculator and the ability to compute both psychological processes, ethical standards, court procedures, and simple and complex time value of money problems. The calculator practice considerations into a dynamic, interactive workshop with training workshop provides students with complete instruction on substantial practice and one-on-one coaching. the Hewlett Packard 10BII calculator. Students will learn to calculate the following: This program has been approved by the Association for Conflict Resolution (and the former Academy of Family Mediators) and is • Time value of money accepted by local courts as satisfying one of the requirements for • Present value of annuity listing on the family mediator rosters. 40 CEUs are available for social • Life insurance needs workers and other mental health professionals, attorneys and others as • Internal rate of return defined by their respective professional associations. • Amortization The calculator is included in the cost of the program. Designed to be taken along with any of the program modules, this three-hour workshop is essential for students who are not already well versed in financial calculations. Financial Planning Education Center
  8. 8. DePaUl UnIVeRsITY ConTInUInG anD PRofessIonal eDUCaTIon (CPe) DePaul University Continuing and Professional Education (CPE) is a leading provider of formal and informal education programs for working adults seeking to enhance their skills, their careers and their understanding in a rapidly changing world. Established in 1996, DePaul CPE offers certificate programs, courses, seminars, workshops and conferences at seven locations throughout the Chicago metropolitan area as well as online and on site at business locations. Courses are taught by DePaul faculty and experts in their field who bring both academic integrity and real-world experience to the classroom. For those organizations wishing to increase the knowledge and skills of their employees, CPE offers customized on-site learning solutions through DePaul Custom Programs and On-Site Services. students taking courses from the financial Planning education Center also may be interested in the following courses: effeCTIVe PResenTaTIonon anD CoMMUnICaTIon sKIlls This program is designed to help financial professionals develop better presentation skills and package messages for maximum effect. Participants will learn workplace- tested techniques for managing speech anxiety, speaking up in difficult situations, working effectively in teams and advancing relationships. Offered 09/19/07 - 09/27/07 CUsToMeR RelaTIonsHIP ManaGeMenT CeRTIfICaTe PRoGRaM Customer Relationship Management (CRM) is a strategic methodology that recognizes customers as the core of the business. By enhancing the customer PRoGRaM ConTaCT experience, a relationship can form between the customer and the organization, Dorothy Jagonase one which if sustained over time, can lead to growing customer satisfaction and (312) 362-5321 loyalty which can enhance the organization’s competitive position as well increase its profitability. Participants in this program will gain a firm understanding of the key decision variables required to successfully adopt and use this methodology. foR MoRe InfoRMaTIon Offered 10/17/07 - 11/14/07 About these and other DePaul CPE courses, visit Non-Profit Org. U.S. Postage PAID Permit No. 7366 EAST JACKSON BOULEVARD Chicago, Illinois CHICAGO, ILLINOIS 60604-6