Financial Advisor Foundations
INTRODUCTION
This 5-day course is designed to provide participants with a foundational understanding of financial advising. The course covers investment strategies, retirement planning, risk management, client communication, and regulatory requirements. Participants will gain knowledge that can serve as a basis for further learning and professional development in the industry.
OBJECTIVES
Gain a foundational understanding of financial advising: Attendees will be able to understand the basics of financial advising, including different types of financial advisors, regulatory requirements, and industry standards.
Develop knowledge of investment strategies: Participants will be able to develop an understanding of asset allocation and diversification, risk vs. return, and investment vehicles, such as stocks, bonds, and mutual funds.
Understand retirement planning: Attendees will learn about retirement accounts, social security benefits, and retirement income planning, as well as the tax implications of retirement planning.
Learn risk management strategies: Participants will be able to identify types of risk, such as market, credit, and liquidity risk, and develop risk management strategies. They will also learn about insurance products, such as life, disability, and long-term care insurance, and estate planning.
Improve client communication skills: Participants will learn effective communication skills, such as active listening and empathy, and how to build and maintain client relationships. They will also learn how to profile clients and conduct needs analysis to better serve their clients.
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WHO SHOULD ATTEND ?
This course is designed for individuals who are interested in pursuing a career in financial advising or for those who are seeking to gain a foundational understanding of financial advising. It is also suitable for professionals in related fields who would like to broaden their knowledge in financial advising.
The course is relevant for individuals who are starting their career in financial advising or who have been working in the industry for a few years and would like to deepen their understanding of financial advising fundamentals. It is also suitable for professionals who have transitioned to financial advising from another field or who would like to gain an understanding of the industry to better serve their clients.
This course is open to anyone who has a basic understanding of financial concepts such as budgeting, saving, and investing. It is recommended for individuals who are self-motivated and willing to invest time and effort into their learning.
COURSE OUTLINE
Day 1
Introduction to Financial Advising
Overview of financial advising
Types of financial advisors
Regulatory requirements and industry standards
Ethics and professional conduct
Day 2
Investment Strategies
Asset allocation and diversification
Risk vs. return
Investment vehicles (stocks, bonds, mutual funds, etc.)
Fundamental vs. technical analysis
Day 3 Retirement Planning
Types of retirement accounts (401k, IRA, Roth IRA, etc.)
Social security benefits
Retirement income planning
Tax implications of retirement planning
Day 4 Risk Management
Types of risk (market, credit, liquidity, etc.)
Risk management strategies
Insurance products (life, disability, long-term care, etc.)
Estate planning
Day 5
Client Communication
Effective communication skills
Active listening and empathy
Client profiling and needs analysis
Building and maintaining client relationships
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