In the dynamic field of wealth management, knowledge is power. The Wealth Management self-study CPE course is meticulously designed to empower tax, accounting, and finance professionals with the tools and insights needed to excel in wealth accumulation and preservation. Beyond just listing investment types, this course delves into the practical application of wealth management principles, covering everything from the efficient market hypothesis to the specifics of tax-loss harvesting. Participants will benefit from learning how to conduct liquidity analyses, adjust financial plans under various scenarios, and select the ideal financial planner. By the end of this CPE course, you'll have a robust understanding of how to leverage different investment vehicles, understand the nuances of the stock exchange and mutual funds, and apply best practices in bond purchasing and fund investments. This comprehensive approach ensures that professionals can not only enhance their own financial acumen but also provide superior advice to their clients.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Identify the steps in the wealth management process.
Specify the issues related to your lifestyle costs.
Describe the four percent rule.
Identify how the efficient market hypothesis works.
Specify the nature of a liquidity analysis.
Identify the situations calling for an adjustment to your financial plan.
Recall when tax-loss harvesting should be used.
Specify the characteristics of an ideal financial planner.
Describe the different types of ownership investments.
Describe a speculative investment.
Specify the nature of savings instruments.
Recall the functions of a stock exchange.
Recall how a mutual fund works.
Specify how you can avoid a speculative bubble.
Identify how a money market fund works.
Recall the names of the chief credit rating agencies.
Recall how the yields on a bond instrument are measured.
Specify the best practices for purchasing bonds.
Identify the best practices for making fund investments.
Recall the fees associated with mutual funds.
Specify the selection criteria for a bond fund.
Identify the advantages and disadvantages of investing in real estate.
Recall when it makes the most sense to buy and flip property to earn a return.
Specify how to profit from the purchase of undeveloped land.
Identify how call options and put options work.
Recall the strategies followed by hedge funds.
Specify the tax rules related to the different types of IRAs.
Identify the investment risks associated with thematic investments.
Recall the best uses for a life insurance payout.
Specify the different types of annuity payments.
Specify the tax rules related to charitable contributions.
Major Topics
Baseline Information for Financial Planning
Life Planning
The Financial Plan
Plan Adjustments
Financial Advisors
The Ideal Advisor
Wealth Preservation
Investment Risk
The Basic Investment Types
Investing in Stocks
How Businesses Raise Money
The Stock Market
Investing in Lending Arrangements
How to Buy Bonds
Investing in Funds
Mutual Funds vs. Exchange-Traded Funds
Investing in Property
Advantages of Investing in Real Estate
Types of Real Estate Investments
Installment Sales
Investing in Alternative Investments
Individual Retirement Account (IRA)
Roth IRA
Socially Responsible Investing
The Role of Insurance in Wealth Management
Charitable Contributions
Penalties
