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 Assessment Rules Personal Taxation Corporate Taxation Wealth Transfer International Tax Issues II. INSURANCE III. INVESTMENT Investment Types Investment Structures Types of Investment Risk Measurement of Investment Risk Portfolio Management Techniques Selling and Buying Techniques Performance Measurement Modern Portfolio Theory IV. RETIREMENT, SAVINGS AND INCOME PROGRAMS V. LAW Private Law Corporate Law VI. FINANCIAL ANALYSIS Analysis of Financial Information Personal Financial Ratios Cash Management and Budgeting Personal Financial Statements VII. DEBT VIII. ECONOMIC AND REGULATORY ENVIRONMENT Economic Environment Regulatory Environment IX. GOVERNMENT BENEFITS PLANS X. BEHAVIORAL FINANCE XI. ETHICS AND STANDARDS
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