True financial planning is a collaborative process between a client and advisor that encompasses all aspects of an individual’s financial life.However, what does the financial planning process look like and what should
the approach be? By examining academic theory and illustrative case examples, this course will explore how financial planning changes over a client’s lifetime. We will discuss common investor types and approaches to
financial planning, including traditional and reverse glidepath theory.
• List the subject matter areas of financial planning and the levels in
the financial planning pyramid.
• Recognize the general financial needs of people in different stages of
the financial planning lifecycle.
• Identify the key concept of reverse glidepath theory and how it
differs from traditional financial planning theory.
• What is financial planning?
• Financial planning pyramid
• Understanding client circumstances
• Classifying investors
• Investment policy statements (IPS)
• Reverse glidepath theory
CPAs and financial advisors who want to know more about the basic theory and concepts behind financial planning and building a financial plan.
Basic understanding of client financial needs.