Financial Planning Management

Learning Contents

1. Contemporary concepts of financial planning process in the rapidly growing financial planning industry

• Framework in Financial Planning   

• Financial planning process
• Achieving financial goals through planning
• Making financial decisions for critical life events

2. Understanding how tax strategies can be efficiently applied in financial planning

• Tax planning

• Marriage, family, divorce
• Personal tax planning
• Estate planning
• Trust tax planning

3. Considering the whole range of personal financial resources and needs required to optimize available opportunities in enhancing individual wealth for retirement

• Retirement planning

• Pre-retirement planning for employees, self-employed and directors
• Pension options on retirement
• MPF

4. Using insurance as a tool for financial planning consultation to manage personal & family assets in the event of unforeseen circumstances throughout an individual’s life cycle

• Financial protection in the event of disability, ill health or death

• Financing long-term care and protection in the event of disability and ill health
• Financial protection for a family in the event of premature death
• Business protection for partners and directors in the event of death and disability

5. Developing a more complete understanding on modern investments in the financial markets to evaluate alternative investment instruments used to allocate capital and manage risk and return

• Savings and investments

• Construction of savings and investment portfolios
• Valuing equities, fixed income securities, pooling arrangements, and hedging with derivatives
• Domestic property purchase

6. Assessing the profile of the client with respect to client’s exposure to financial risks, risk-return trade off, and resources availability

• Client analysis

• Client information
• Quantitative and qualitative data
• Client's investment risk attitude/opinion
• Client's existing financial arrangements
• Client's priorities and needs

7. Evaluating the financial goals of the client, choosing suitable products, and preparing a fully compliant financial plan for the client based on the best market practice

• Financial planning solutions and recommendations

• Assessing a client's needs
• Client's taxation liability
• Formulating a plan
• Financial planning solutions and recommendations
• Consulting with other professionals
• Ethical/compliance issues
• Client's existing arrangements
• Presentation of data
• Report writing

8. Providing on-going review and services to clients on their changing situations and needs

• Reviewing clients’ financial positions

• Periodic review of clients’ financial positions
• Review strategies
• Key review periods
• Existing financial solutions
• Changes to clients’ circumstances
• Reviewing a clients’ position