At a time when many Americans are reaching retirement age, the need for personal financial planning expertise is greater than ever. Recruiters and prospective employers recognize CFP® certification as the most desired designation in this growing field.
The twelve-month Executive Program is designed for professionals who have at least 2-3 years of financial planning experience in the financial services industry. Any exceptions to the experience requirement requires approval by the Advisory Board and/or Program Director.
Alternative Pre-Requisite: Foundations of Financial Planning
Successful completion of the PFP 37010 Course (Foundations of Financial Planning), along with a State Life, Health, & Accident license and SIE (Securities Industry Essentials) exam completion administered through FINRA (Financial Industry Regulatory Agency) will allow participants to bypass the 3 year experience requirement to enroll in the OU Executive Program to obtain the CFP® education requirements.
Lori Oancea, Program Director
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Cohort Structured Learning
The cohort-based, one-year program requires the completion of six courses, each spanning eight weeks. All courses are required to sit for the CFP® Examination. The goal of the program is to assist participants through successful completion of the materials using techniques applicable to adult learning styles and a schedule that will integrate into busy work and personal lives.
Oakland University's Certificate Program in Personal Financial Planning is registered with the CFP® Board of Standards in Washington, D.C. OU's program was one of the first in the country to be registered by the CFP® Board, and the program abides by all Board standards.
Executive Program Course Descriptions
Course topics are covered in six week periods with the final two weeks used for webinar presentations and personalized review as needed. The optional 40-hour CFP® Exam Review is strategically held just before the CFP® Exam in March.
1) Investments, Survey, and Financial Calculator
A newly re-designed introduction to the Principles of Personal Financial Planning and Investments. Participants receive an extensive introduction to the financial planning process, time value of money, ethical considerations, economic environment and essential investment planning concepts. The course includes study of securities markets, investment asset classes, portfolio construction, and investment techniques, tools and strategies. This course is a prerequisite to all the other courses in the program. An HP10BII calculator is required for the program.
2) Income Tax Planning
Designed to enable the professional providing personal financial planning services to recognize many of the income tax planning opportunities and dilemmas that may arise. The course covers the fundamentals of individual income taxation and tax law overview, terminology and computations. Discussion and analysis will focus on practical problems involving tax planning implications of home ownership; property transactions; tax advantage investments; divorce and remarriage; forms of business ownership; accounting methods and periods; life insurance, annuities, and securities; intra-family and charitable transfers; and forms and methods of employment compensation.
3) Risk Management
Survey of risk management, primarily in the areas of life, health, casualty, and liability insurance. Includes analysis of risk exposure, evaluation techniques for various insurance plans, and contract selection criteria from a cost-benefit standpoint. Income and estate taxation laws as related to insurance premiums and benefits; alternative methods of funding insurance premiums; and the role of insurance in retirement and estate planning will also be discussed.
4) Retirement Planning
Provides working knowledge of retirement planning tools, terminology, and techniques, including the rules, regulations, and taxation of qualified and non-qualified plans: Pension, profit sharing, 401(k), SEP, IRA, and deferred compensation. Includes study of the basic characteristics of specific employee benefits such as group life insurance and group health coverage. The financial planning process will be emphasized in class discussion with illustrations from practical experience and actual case histories
5) Estate Planning & Advanced Case Study
Newly re-designed, this course combines the estate planning essentials with practical application using the case study method. The course covers the estate planning process, property ownership and implications, lifetime and death-related transfers, legal documents, federal gift and estate tax law, business transfers, estate valuation, and income tax ramifications in estate planning. The case studies integrate all aspects of the financial planning process with an emphasis on the estate planning. Students are expected to participate actively in the case presentations.
6) Financial Plan Development
The Financial Plan Development course features solid, practical application of all the material covered in the prior classes. Students are required to prepare a comprehensive written financial plan and to present it orally, according to rules established by Certified Financial Planner Board of Standards, Inc. The course provides both relevant, practical experience in comprehensive planning and superlative preparation for the case studies in the national certification examination.
Schedule and Pricing
Investments, Survey, and Financial Calculator
Feb. 5- March 25, 2020
Income Tax Planning
April 1- May 20, 2020
May 27-July 15, 2020
July 22-Sept 9, 2020
Sept 16-Nov 4, 2020
Financial Plan Development (Capstone)
Nov 11, 2020 – Jan 20, 2021
No class 11/25 & 12/30 $775
Textbooks: Textbooks must be purchased separately and can be found on the Money Education website: https://www.money-education.com
Professional and Continuing Education
Pawley Hall, Room 440G
456 Pioneer Drive
Rochester, MI 48309-4482