FPSB's FINANCIAL PLANNING BODY OF KNOWLEDGE

The ability to effectively practice as a financial planning professional requires a person to master theoretical and practical knowledge in a broad range of financial planning and related topics. Once a person has mastered the Financial Planning Body of Knowledge, he or she can combine that knowledge with professional skills and abilities to competently deliver financial planning.

Mastery of the financial planning profession’s body of knowledge allows the financial planning professional to gain the respect and trust of clients, and builds the financial planning professional’s confidence in his or her ability to competently practice.

FINANCIAL PLANNING BODY OF KNOWLEDGE FRAMEWORK

FPSB’s Financial Planning Body of Knowledge identifies the knowledge a financial planning professional must be able to draw on to deliver financial planning to clients, or when interacting with colleagues or others in a professional capacity.

FPSB categorized the Financial Planning Body of Knowledge into 11 areas:

I. TAXATION

1. Assessment Rules
2. Personal Taxation
3. Corporate Taxation
4. Wealth Transfer
5. International Tax Issues

II. INSURANCE

1. Business Insurance
2. Life Insurance
3. Disability Insurance/Income Replacement
4. Health Insurance
5. Critical Illness Insurance (includes Dread Disease and Trauma)
6. Property Insurance
7. Casualty Insurance

III. INVESTMENT

1. Investment Types
2. Investment Structures
3. Types of Investment Risk
4. Measurement of Investment Risk
5. Portfolio Management Techniques
6. Selling and Buying Techniques
7. Performance Measurement
8. Modern Portfolio Theory

IV. RETIREMENT, SAVINGS AND INCOME PROGRAMS

1. Government Pension
2. Government Savings
3. Employer / Employee Programs
4. Personal Retirement
5. Personal Savings

V. LAW

1. Private Law
2. Corporate Law

VI. FINANCIAL ANALYSIS

1. Analysis of Financial Information
2. Personal Financial Ratios
3. Cash Management and Budgeting
4. Personal Financial Statements

VII. DEBT

1. Consumer Credit and Credit Management
2. Mortgages
3. Leases
4. Insolvency and Bankruptcy

VIII. ECONOMIC AND REGULATORY ENVIRONMENT

1. Economic Environment
2. Regulatory Environment

IX. GOVERNMENT BENEFITS PLANS

X. BEHAVIORAL FINANCE

XI. ETHICS AND STANDARDS

1. Code of Ethics
2. Financial Planning Practice Standards