Financial Planning Skills Certification Grade 2 case studies
Financial Planning Skills Certification Grade 2 · Put your knowledge to work in context.
The Financial Planning Skills Certification Grade 2 is a professional credential for practitioners who advise households on budgeting, insurance, investments, retirement, tax and estate matters. It suits bank relationship managers, insurance advisers, paraplanners and junior financial planners who already know basic product terminology and now need to integrate those products into a coherent plan. The Financial Planning Skills Certification Grade 2 case studies are 5 cases and about 3,803 words.
1Second Opinion After a Product-First Annuity Recommendation
Priya (41) and Daniel (39) arrive for a second opinion carrying a 38-page variable annuity illustration. A previous adviser recommended moving 300,000 from a taxable brokerage account into the contract, which carries a 2.1% mortality-and-expense charge, a 1.0% living-benefit rider, and a seven-year surrender schedule.
830 words, about 4 min2Irregular Commission Income and a Premature Home Purchase
Marcus and Elena have two children, ages 6 and 3. Marcus is a sales manager with a 78,000 base salary plus commissions that ranged from 0 to 46,000 over the last three years; Elena earns 24,000 part time.
675 words, about 3 min3Business Owner's Disability, Buy-Sell, and Umbrella Gaps
Anika, 44, owns 50% of a 1.8 million S-corporation with her business partner, Ben, 51. She is married to Raj, 42, a stay-at-home parent; their children are 12 and 9.
690 words, about 3 min4Inherited IRA, Concentrated Employer Stock, and a Costly Proposal
Mei, 53, recently inherited 600,000 and placed it in an inherited IRA. She also has 420,000 in a 401(k) invested in a 2045 target-date fund, and a 90,000 taxable brokerage account, of which 70,000 is her employer's stock with a 20,000 cost basis.
744 words, about 4 min5Business Sale, Cognitive Impairment, and an Ill-Timed Gift
Samuel, 62, is the sole owner of a 4.2 million manufacturing company. He wants to retire in 18 months and has received a letter of intent from a strategic buyer at 6.5x EBITDA; last year's EBITDA was 620,000.
864 words, about 4 min