This program was developed by the Center for Business & Economic Development in cooperation with the College of Business & Management.
WINTER 2008 Schedule!
SVSU CFP® Certification Education Program Course Description
SVSU CFP® Instructor Bio's
About taking the National Exam
Approved for State of MI Insurance IndustryContinuing EdCredits
- What is a Financial Planner?
- Only those individuals who have met rigorous certification requirements can call themselves a Certified Financial Planner. Consumers recognize the value of the CFP mark and increasingly expect their financial advisor to have attained CFP certification.
Steps to achieving CFP® certification
- Complete the education requirement (note: starting in 2007, a bachelor’s degree, in any major, will be required to attain CFP certification.)
- Pass the CFP® Certification Examination – examination is a two day 10-hour exam that is given three times a year.
- Meet the experience requirement – three years of related work experience (can be internship).
- Agree to adhere to CFP Board’s Code of Ethics and Professional Responsibility and Financial Planning Practice Standards and pass background check
- Pay certification fees
- Receive authorization to use the CFP certification marks
Benefits of being a CFP® practitioner
- Enhanced career opportunities
- Personal satisfaction in knowing you have earned the profession’s highest standard
- Satisfied clients who appreciate the comprehensive approach financial planning
CFP® Certification: How to Get it and Why
Much more than an educational designation, the CFP® certification is a professional certification that helps to set apart those serious about a career in financial planning. Certification requirements include initial and ongoing education, examination, experience and ethics components. Along with the educational requirements, candidates for CFP® certification must pass the10-hour, two-day CFP® Certification Examination, verify at least three years of full-time experience in the financial planning process and agree to abide by rigorous ethical and practice standards. Once certified, individuals must meet 30 hours of continuing education every two years.
Continuing Education Credits
The State of Michigan requires all licensed agents and solicitors to earn 30 hours of state-approved education credit every two years. The SVSU Certified Financial Planner courses are registered with the Michigan Office of Financial and Insurance Services (OFIS), – Division of Insurance (formerly the Michigan Insurance Bureau). Each course will provide between 28 & 30 hours of CE credits and will be reported to Thomson Prometric , who process insurance CE credits for the state of Michigan.
We will report your hours for credit unless you sign a waiver. Note that as of February 1, 2006, the State requires all Michigan licensed agents and solicitors to earn 24 hours of State-approved education credit every two years, three of which need to be in ethics. Each of our courses provides 30 hours of continuing education credit, but they DO NOT meet the ethics requirement – the ethics hours will need to be earned elsewhere.
If you do not wish to receive CE credits, you should submit a signed “Request for Waiver of Continuing Education Credits” form with each class registration, and you can subtract $30 from the tuition for each class.
Also note that, under State of Michigan continuing education rules, you cannot receive CE credits if you miss part of any class.
The state of Michigan no longer requires a breakdown for Life/Health or Property/Casualty. The 21 credits remaining after the 3 credit ethics requirement can be in whichever line of authority you choose.
Program Level: Intermediate
Delivery Method: Group-Live
Courses:
PRINCIPLES OF FINANCIAL PLANNING*
INSURANCE PLANNING
INVESTMENT PLANNING
INCOME TAX PLANNING
EMPLOYEE BENEFITS & RETIREMENT PLANNING
ESTATE PLANNING**
*Principles of Financial Planning is a Prerequisite to the other five courses in the program.
**All other courses must be completed before enrolling in Estate Planning.
Learning Objectives:
· Enhance your career opportunities by earning the CERTIFIED FINANCIAL PLANNER certification.
· Learn to competently engage in the practice of personal financial planning.
· Receive quality instruction that prepares you to pass the CFP Board of Standards CFP® Certification Examination.
YES, We are certified from the State of Michigan for Continuing Ed Credit for the Insurance Industry!
- Principles of Financial Planning - Approved for 30 credit hours for Life
- Insurance Planning - Approved for 30 credit hours for Life, Accident & Health, Ethics
- Investment Planning - Approved for 30 credit hours for Life
- Income Tax Planning - Approved for 30 credit hours for Life
- Employee Benefits & Retirement Planning - Approved for 30 credit hours for Life, Accident & Health
- Estate Planning - Approved for 30 credit hours for Life
Saginaw Valley State University does not certify individuals to use the CFP®, Certified Financial Planner™ and CFP (with flame logo)® marks. CFP® certification in the U.S. is granted solely by Certified Financial Board of Standards Inc. to individuals who, in addition to completing an educational requirement such as this CFP® Board-Registered Program, have met ethics, experience and examination requirements.
Certified Financial Planner Board of Standards Inc. owns the marks CFP®, Certified Financial Planner™, and CFP (with flame logo)® in the U.S., which it awards to individuals who successfully complete initial and ongoing certification requirements.
Refund & Cancellation Policy: Cancellations made two weeks prior to the date of the class are fully refundable. Individuals who are unable to attend and do not cancel at least two weeks prior to the start of the program will be charged the full program fee, with the option to take the next offering of the class.
Minimum class size is eight (8) students, we reserve the right to cancel courses that do not meet the minimum by the registration deadline. Paid students will receive a full refund if the course is cancelled by SVSU OCEPD.
For more information on our SVSU CFP® Certification Education Program, contact the Office of Continuing Ed & Professional Development at continuing-ed(at)svsu.edu .
Office of Continuing Education
Saginaw Valley State University
7400 Bay Road
University Center, MI 48701
Telephone: (989) 964-4475