Financial Planning Skills Certification Grade 3 case studies
Financial Planning Skills Certification Grade 3 · Put your knowledge to work in context.
The Financial Planning Skills Certification Grade 3 is a multiple-choice credential aimed at candidates who already understand basic personal finance and want to demonstrate applied planning skill across the full planning cycle. It suits bank and insurance advisers, junior paraplanners, product specialists moving toward advisory roles, and graduates entering a planning practice. The Financial Planning Skills Certification Grade 3 case studies are 5 cases and about 4,779 words.
1The Inherited Plan and the Refinance Deadline
Mei has taken on a married couple, ages 52 and 49, with combined gross income of 185,000, investable assets of 420,000 and a $310,000 mortgage. They arrive with a 40-page plan prepared by a previous adviser whose engagement ended eight months ago.
903 words, about 5 min2Freelance Income, a Car Loan, and a College Goal
Daniel is a 41-year-old freelance graphic designer and single parent of two children, ages 9 and 13. His monthly income has ranged from 4,000 to 11,000 over the past two years and averaged 7,200.
860 words, about 4 min3Group Disability, Own-Occupation, and the 'Free' Benefit
Priya is a 38-year-old dentist earning 240,000 a year, married with two children aged 4 and 7. Her employer pays for a group long-term disability plan covering 60% of base salary of 150,000 after a 90-day waiting period, capped at 7,500 a month; the premium is employer-paid and the benefit is taxable.
927 words, about 5 min4Concentrated Employer Stock and the Step-Up Trap
Robert is 61, a division president at a listed company, planning to retire at 64. His portfolio is 2.1 million: 1.43 million in employer stock with a cost basis of 180,000, 370,000 in a diversified global equity fund, and 300,000 in cash.
1,038 words, about 5 min5Pension Election, Remarriage, and Beneficiary Conflicts
Anne is 64 and widowed; she plans to remarry in four months. Her employer pension offers either a lump sum of 620,000 or a joint-and-50% survivor annuity of 3,400 a month, with the survivor benefit payable to her new spouse if she elects it.
1,051 words, about 5 min