Financial Planning Skills Certification Grade 1 case studies
Financial Planning Skills Certification Grade 1 · Put your knowledge to work in context.
The Financial Planning Skills Certification Grade 1 is a multiple-choice credential aimed at people who want to demonstrate practical, client-facing financial planning competence rather than pure product knowledge. Candidates typically include bank and insurance advisors, junior planners, paraplanners, and career-changers moving into advisory roles. The Financial Planning Skills Certification Grade 1 case studies are 5 cases and about 4,693 words.
1The Annuity Request From a Client With Memory Lapses
Daniel, an adviser at a mid-sized firm, has serviced Mr. Okafor for nine years.
889 words, about 4 min2Two Incomes, 27,400 of Card Debt, and a Second Baby
Priya and Arjun, both 34, both work full time, and have a 3-year-old son; a second child is due in eight months. Combined gross income is 148,000 USD and monthly take-home pay is 8,900.
887 words, about 4 min3A Buy-Sell Funded for a Practice That Has Since Doubled
Three dentists own equal shares of a practice recently appraised at 2,400,000 USD. Their 2019 cross-purchase buy-sell fixes each share at 300,000 and is funded by term policies: each partner owns a 250,000 policy on each of the other two.
915 words, about 5 min4Fifty-Five Percent of Net Worth in One Employer's Stock
A client, 52, is a director at a listed logistics company and plans to retire at 60. Net worth is 1,900,000 USD: 1,050,000 of employer stock with a cost basis of 180,000, 350,000 in a target-date 401(k), 240,000 in cash, and 260,000 of home equity.
957 words, about 5 min5Pension, Social Security, and a Child Who Will Always Need Support
Ken, 63, retires in six months; Nora, 60, has a teacher pension of 12,000 a year with no cost-of-living adjustment and a Social Security benefit of 22,000 at her full retirement age. Ken's defined-benefit pension offers 62,000 a year for life, 54,000 with a 50% survivor benefit, or a lump sum of 780,000; the plan is covered by the federal guarantee programme.
1,045 words, about 5 min