Executive Certificate in
Financial Planning Program
**BACHELOR'S DEGREE
REQUIREMENT IN 2007**
Beginning in 2007, in
addition to fulfilling the education requirement, a bachelor's degree in
any discipline will be required in order to attain CFP certification.
Individuals without a bachelor's degree may sit for the CFP® Certification
Examination, but they must attain a bachelor's degree before they can
achieve CFP certification.
Executive Certificate in Financial Planning Program
Interest in the field of
financial planning is experiencing healthy growth, as financial
professionals recognize the important role they play in the lives of their
clients: helping them secure a comfortable future. Financial planners
realize that to keep pace with the complex and ever-changing financial
marketplace, they need to continually develop their own knowledge base to
help clients meet their goals.
According to U.S.
Department of Labor Occupational Outlook Handbook 2006-2007,
employment opportunities for financial planners are projected to increase
"faster-than-average" (18 to 26 percent ) through 2014. The public is looking for a planner who has demonstrated a commitment
to competency, and financial professionals want an established
certification that sets them apart in a globally expanding financial
planning profession. Certified Financial Planner Board of Standards Inc.
(CFP Board) research shows consumers increasingly rely on credentials when
selecting a financial adviser.
John
Carroll
University
’s Executive
Certificate in Financial Planning program has been designed for
professionals in the brokerage, insurance, accounting, banking, and related
industries. Whether you are new to the financial services industry or a seasoned financial services professional, this program
is designed to be equally beneficial. An outstanding faculty presents the
material in a manner that is clear, concise and understandable. The program
will focus on the technical aspects, practical application, ethics and
professionalism of financial planning.
The six-course
program focuses on both the theory and practice of personal financial
planning. It emphasizes ethical and professional considerations and covers
core competencies in:
§
The process of financial planning
§
Insurance planning
§
Investment planning
§
Income tax planning
§
Retirement and employee benefit planning
§
Estate planning
In
collaboration with Kaplan Financial™,
John
Carroll
University
and the
Department of Accountancy offer a premier certificate in Financial
Planning. This rigorous education program, presented in the
John
Carroll
University
tradition of excellence, requires nine months of part-time study. John
Carroll University is registered with Certified Financial Planner Board of
Standards Inc. to fulfill the educational requirements of the CFP®
certification.*
This certificate is a
cohort program; participants are required to complete all courses to earn
their certificates.
COURSES IN
CERTIFICATE PROGRAM:
§
Fundamentals of Financial Planning and Insurance
Planning
Investment Analysis and Portfolio Management
§
Taxation of Persons, Property and Other Entities
§
Retirement and Employee Benefits
§
Estate Tax Planning
§
Capstone Case Course in Financial Planning
§
DESIGNED FOR:
Professionals
entering the field of financial planning
§
Established professionals in the brokerage, insurance,
accounting, banking, and related industries seeking to advance their
expertise
FORMAT:
The certificate in
Financial Planning is a sequential six course certificate that meets every
other weekend on Friday evenings and Saturdays.
ADMISSION
AND REGISTRATION:
Application form and
fee, official transcript from an accredited college or university, and
resume are required for application. Tuition is required upon registration.
When all enrollment requirements are met, students receive Registration
Acknowledgement Forms listing class time, dates, location, and other
relevant information.
PRE-REQUISITES:
Participants in the
certificate program must have a four-year degree, and three years of
experience in financial services, or three years of experience in a
supervisory or executive position in the government or a nonfinancial services company. Any requests for
exceptions to these admissions requirements must be made in writing to Dr.
Gerald Weinstein, Chair, Department of Accountancy,
John
Carroll
University
*Certified
Financial Planner Board of Standards Inc. owns the marks
, CERTIFIED
FINANCIAL PLANNER™, and CFP® in the
U.S.
, which it awards to individuals
who successfully complete initial and ongoing certification requirements.
JCU does not
certify individuals to use the CFP®, CERTIFIED FINANCIAL PLANNING™,
and
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.
* While every effort is made to ensure that classes meet every other weekend, holidays and local events prevent this accommodation. An asterisk denotes weekends that the class meets back-to-back.
Revised
3/22/07
Frequently Asked Questions
What is the time
commitment required for study outside of the classroom?
Depending on the
student’s previous experience and education, a student can expect to
spend at least 2 hours outside of the classroom, for every hour in the
classroom.
How long is the
program and how much does it cost?
This is a
twelve-month program consisting of six courses: Fundamentals of Financial
Planning and Insurance Planning, Investment Planning, Income Taxation and
Tax Planning, Retirement and Employee Benefits Planning, Estate Tax
Planning and Case Course in Financial Planning. Tuition for the program is
$4,500. Tuition does not include books and materials.
Why choose
John
Carroll
University
’s
Executive Certificate in Financial Planning program over another program?
Quality
instruction is a must for any outstanding educational program. All
faculty members have advanced degrees and certifications and are
experienced professionals in their respective fields. This program is
a joint effort between
John
Carroll
University
and Kaplan Financial. Kaplan is the
leading provider of review materials and courses for the CFP® Certification
Examination as well as a nationally recognized publisher of financial
planning education materials and courses. Combined with John
Carroll’s commitment to education, students entering this program can
be assured of the best education available.
What is the process of attaining CFP®
certification?
In order to
attain CFP® certification, there are the four E’s: Education,
Examination, Experience and Ethics.
Education
The Education
requirement can be fulfilled by successfully completing John
Carroll’s Executive Certificate in Financial Planning program.
Certain professionals such as a Ph.D., D.B.A., JD, CFA, CPA, ChFC or CLU may challenge the exam. Once you become a
CFP® certificant, you will be required to
complete 30 hours of continuing education every two years.
Examination
The CFP®
Certification Examination is given three times per year in March, July and
November. The national pass rate on the examination is approximately 50%.
Based on a 1999 Job Topic Study, CFP Board issues a topic list covering 101
areas a candidate should be prepared to answer at the evaluation level or
lower.
Experience
In order to
receive CFP® certification, the candidate must meet certain experience
requirements. If a candidate has a bachelor’s degree, then 3 years of
related work experience is necessary. Without a bachelor’s degree,
the candidate must have 5 years of related work experience. In
addition, this experience must be completed in the 10 years preceding the
exam or 5 years after the exam.
Ethics
CFP® certificants are required to abide by CFP Board’s
Code of Ethics and Professional Responsibility and Financial Planning
Practice Standards. In addition, CFP® certificants are required to disclose to the CFP Board if involved in a criminal or
civil proceeding.
Certificate
Upon successful
completion of all required courses, participants will receive a certificate
of completion from
John
Carroll
University
.
John Carroll’s Executive Certificate in Financial Planning is
registered with Certified Financial Planner Board of Standards; Inc.
Students who successfully complete the program will fulfill the education
component for CFP certification.
Enrollment Tuition
Cost for the
six-course curriculum is $4,500 plus books and materials.
Program
Faculty
John
Carroll
University
is proud to have assembled
an outstanding faculty, in conjunction with Kaplan Financial. All faculty in
the Executive Certificate of Financial Planning program have either CFP®
certification, a professional designation or license. The faculty presents
the material in a manner that allows students to utilize their time
efficiently and effectively outside of the classroom.
Registration Information
Please call (216) 397-3008 to register. You may register over the phone or
request a full brochure. Once your
application has been accepted, a 10% deposit is required to guarantee your
space in the program. Full payment
must be received at least one week prior to the first class.
Course Overview and Descriptions
Fundamentals of
Financial Planning and Insurance Planning
This course will
introduce students to the theory and practice of financial planning.
Students will receive an overview of specific areas of financial planning
such as income tax planning, investment planning, retirement planning and
estate planning. In addition, the course will present topics on the
concepts of time value of money, education and retirement funding, and
insurance planning. A financial calculator such as an HP-12C is required
for this course.
Investment Analysis and Portfolio Management
This course
introduces investment strategies, portfolio allocation theory and
application, debt and equity securities, and portfolio management
strategies. This course will also emphasize the importance of determining a
client’s risk tolerance and goals and then managing an investment
portfolio that incorporates a client’s level of risk, while achieving
their goals.
Taxation of Persons, Property, and Other
Entities
This course will
focus on the federal income tax system. Topics will include gross income
inclusions, exclusions, deductions, exemptions, and credits. This course
will consider the income taxation of individuals, sole proprietorships,
partnerships, LLC’s, and corporations
(including S corporations). Finally, this course will present the students
with taxation avoidance and minimization alternatives.
Retirement and Employee Benefits
This course
includes the comprehensive study of qualified and nonqualified retirement
plans, other tax-advantaged plans, and employee benefits. In addition, this
course will present an overview of the Social Security, disability, and
health care programs.
Estate Tax Planning
This course will
provide students with an introduction to estate planning and the taxation
of estates for the purposes of financial planning. In addition, the overall
tax implications of gifts and bequests will be presented in a manner that
provides students with taxation avoidance and minimization techniques to be
used when planning a client’s estate.
Cases in Financial Planning
This course will
involve case analysis and the integration of the six major areas of
personal financial planning, which include:
•Fundamentals
of Financial Planning
•Income Tax
Planning
•Insurance
Planning
•Retirement
Planning
•Investment
Planning
•Estate
Planning
Students will examine
the financial condition of individuals or families in a real-world
application of the financial planning topics that have been covered in the
previous five courses. Students will have the opportunity to develop a
financial plan and present their recommendations. The course is an
excellent preparation tool for professionals entering the field and for
case type questions on the CFP® Certification Examination.
Certified Financial
Planner Board of Standards Inc. owns the marks CFP®, CERTIFIED FINANCIAL
PLANNER™, and CFP (with flame logo)®, which it awards to individuals
who successfully complete initial and ongoing certification requirements.
John Carroll
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.
About
John
Carroll
University
John Carroll is a
Catholic and
Jesuit
University
dedicated
to developing women and men with the knowledge and character to lead and to
serve. Continuing Education extends this mission to the Northeast Ohio
Community as a provider of customized and public programs for professional
development in leadership, management, and business skills. Our programs
provide career enhancing opportunities in a robust and dynamic learning
environment. We design programs in keeping with the needs of busy working
adults while maintaining the quality and educational excellence John
Carroll has come to stand for in our community.
John Carroll University
20700
North Park Boulevard
University Heights
,
OH
44118
Phone: (216) 397-3008
Fax: (216) 397-3009
Email:
cont_ed@jcu.edu
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