PFP Practical Applications Certificate Program
A practical and engaging learning experience that navigates the regulatory environment of personal financial planning, explores standards and responsibilities, and applies fundamental concepts.
Format
Online
NASBA Field of Study
Specialized Knowledge
Level
Intermediate
CPE Credits
6.5
Author(s)
Susan M. Tillery, Tom Tillery
Availability
1 year
Product Number
PFPPROCB24SSO
Applying personal financial planning concepts
Successful personal financial planning requires knowledge of standards and responsibilities, the regulatory environment, and other key technical information. However, it is also crucial to effectively apply your understanding of these critical financial planning concepts.
By using essential personal financial planning concepts to determine appropriate implementation for clients, you can dramatically enhance the value you bring to your clients.
As an experienced practitioner, you can expand your knowledge across various topics, including:
- Personal financial planning standards and responsibilities
- Regulatory and fiduciary landscape
- The personal financial planning process and data gathering
- Assumptions, time value of money, and cash management strategies
- Personal financial planning in practice
Advancing your career through real-world application
Transitioning from theory to practice, you’ll explore the practical aspects of personal financial planning by applying your technical knowledge to real-world scenarios that cover various financial situations.
You’ll also examine the landscape in which you operate, essential technical considerations, and how these factors tie into various case studies. The essential skills you’ll hone will help you apply the following concepts:
- Key contextual knowledge
- Essential financial planning topics
- How your expertise applies to your clients and their overall personal financial planning goals
With your deeper understanding of these concepts, you’ll maximize the value and support you can offer your clients.
Personal Financial Planning Certificate Program
The Personal Financial Planning Certificate Program is a series of certificates covering the core areas of personal financial planning (PFP), including retirement, estate, risk management and insurance, and investment planning, and how tax planning relates to each area.
This certificate program is a combination of education and a certificate exam that allows you to enhance your knowledge and demonstrate competence in that specific discipline.
Which option is right for you?
The PFP certificate program offers three different options so you can decide which helps you achieve your goals.
Certificate to display your competence
You can display your competence and understanding in one or more core areas of personal financial planning with a digital badge awarded upon completion of each certificate exam.
Each exam is proctored online and can be taken from the convenience of your home or office.
Optional online education is available so you can thoroughly comprehend the material and prepare for the exam.
Education to earn CPE
If CPE is your goal, you can purchase the education without the certificate exam and simply earn CPE credit for your CPA license, PFS credential, and/or CFP® credential.
If you hold the PFS credential, there is no need to take the certificate exam because your PFS credential exam tests this material.
Credential as a Personal Financial Specialist (PFS)
If you are a CPA who wants to obtain the PFS credential, the certificate program provides an alternative pathway for meeting the exam and education requirements. See https://www.aicpa-cima.com/membership/landing/credentials for additional information.
CPA, PFS, and CFP® Continuing Education
These courses fulfill CPE requirements for both the CPA license and PFS credential. They also qualify for CFP® Board CE credits. The AICPA reports these CE credits to the CFP® Board every two weeks. However, this reporting is not automatic. Follow these steps to ensure your CE credits are reported:
Email: CFPReporting@aicpa-cima.com.
Include: Your name, CFP® Number, a copy of your completion certificate, and the number of CE hours you wish to be reported.
Who Will Benefit
- CPAs, financial planners, and qualified professionals with basic knowledge of, and interest in, personal financial planning
- CPAs seeking the PFS credential
Key Topics
- Personal financial planning standards and responsibilities
- Regulatory and fiduciary landscape
- The personal financial planning process and data gathering
- Assumptions, time value of money, and cash management strategies
- Personal financial planning in practice
Learning Outcomes
- Identify the principles set out in the AICPA Code of Professional Conduct.
- Apply Statement on Standards in Personal Financial Planning Services No. 1.
- Determine how fiduciary practices apply to personal financial planning.
- Identify the steps that make up the personal financial planning process and the key elements of these steps.
- Determine the various assumptions used in personal financial planning decisions.
- Determine an appropriate personal financial plan based on client information, financial facts, and personal goals.
Group ordering for your team
2 to 5 registrants
Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.
Start order6+ registrants
We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)
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