| Disc 1 |
|
Module 1 (16
minutes)
J08 and exam technique |
Structure
of the Diploma exam | exam preparation | 6
golden rules in the exam |
Module
2 (25 minutes)
Establishing and maintaining the basis of the client relationship |
The six ISO 22222 financial planning standards | adviser responsibilities | terms of business | the five principal remuneration methods | conflicts of interest | working with other professionals |
Module 3 (28
minutes)
Establishing the client's aims, objectives and risk profile |
Establishing the client's objectives | six steps of the investment planning process | risk and volatility | standard deviations and sharpe ratios | establishing the client's risk profile: psychometric risk profiling and stochastic modelling |
| Disc 2 |
|
Module 4 (31 minutes)
Fact finding |
Establishing the client's circumstances: personal details, income, expenditure, assets and existing policies | identifying inconsistencies |
Module 5 (39 minutes)
Synthesising and analysing client data |
Compounding and discounting | analysing and summarising client data, cash flow statements, net asset statements, risk assessment, income and CGT position, lifetime cash flow, investments, estate and IHT position | prioritising needs |
| Disc
3 |
|
Module 6 (19 minutes)
Formulating the financial plan (stage 1) |
Planning for surplus or deficit income | debt planning | protection planning | risk and limitations of each option |
Module 7 (48 minutes)
Formulating the financial plan (stage 2) |
Formulating plans: investments, education, pensions, estate and IHT planning | risks and limitations of each option |
| Disc 4 |
|
Module 8 (30 minutes)
Formulating the financial plan (stage 3) |
Planning issues: marriage, divorce, death, redundancy | long term sickness and care | function and format of the financial plan | monitoring and reviewing the client's objectives and plans |
Module 9 (16 minutes)
Crammer module
|
The summaries from the previous modules |
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