- 1. PROFESSIONAL FINANCIAL PLANNINGCERTIFICATE PROGRAM 2006-07
THE PROGRAM PROFESSIONAL C E R T I F I C AT E The number and
complexity of todays investment and money management options has
led to P R O G R A M the need for professional financial advisors
and individuals responsible for preserving wealth to continually
update their knowledge of the broad range of financial instruments
available. Whereas insurance agents, real estate agents,
stockbrokers, accountants, and tax attorneys Recommended
Prerequisitetypically focus on one area of an individuals financial
picture the generalist financial planner The HP Calculator for the
Financial takes a broad-based approach, recognizing the
interdependence of various investment vehicles. Professional The
Professional Financial Planning Certificate Program meets the
Certified Financial Planner Required CoursesBoard of Standards,
Inc. educational requirements to qualify for the CFP Certification
Principles of Professional Practice Examination. The program
educates and trains individuals to analyze and provide advice on
all Principles of Financial Analysisareas of financial planning
including investment management, income taxation, insurance/risk
Risk Management management, employee benefits, retirement, and
estate planning. Portfolio and Investment Management Retirement
Planning CFP CERTIFICATION Estate Planning Tax AnalysisThe UCSB
Extension Professional Financial Planning Certificate program
fulfills the educational Professional Practicumcomponent of the
Certified Financial Planner certification. Beginning in 2007,
candidates for certification must have a bachelors degree, in any
discipline, in order to obtain CFP certifica tion. Individuals not
planning on obtaining a bachelors degree must complete the entire
certifica tion process, including the education, examination,
experience, and ethics requirement by Other Related Certificate
January 2007. Candidates for CFP certification should allow time
for any possible retakes of the Programs Offered at UCSB
ExtensionCFP Certification Examination, as well as adequate time to
complete the rest of the certification Accountingprocess by this
date. Paralegal UCSB Extension does not certify individuals to use
the CFP, CERTIFIED FINANCIAL Project Management PLANNER, and CFP
marks. Certification is granted solely by Certified Financial
Planner Board of Standards Inc. to individuals who, in addition to
completing an education requirement such as this CFP
Board-Registered Program, have met ethics, experience, and
examination requirements. For information on becoming a CFP
certificant, contact the Certified Financial Planner Board of
Standards, Inc. at: (800) 487-1497; fax (303) 860-7388; Web site
www.cfp-board.org. Upcoming CFP Certification Examination Dates:
November 17-18, 2006 (Application Date: October 4, 2006) March
16-17, 2007 (Application Date: January 31, 2007)For the latest UCSB
Extension catalog that includes current course schedule,
location,and fee information, please phone, fax, e-mail, or visit
our Web site (see below). 8/06 Phone: (805) 893-4200 Fax: (805)
893-8427 E-mail: [email protected]
www.extension.ucsb.edu
2. OBJECTIVES / BENEFITS Courses typically meet three hours per
night, one night per week Provide substantive training in a full
range of financial subjectsfor twelve week sessions and are
scheduled during fall, winter, Prepare individuals to take
advantage of the broad spectrum ofspring, and summer quarters.
Courses are held in both Santa opportunities to become a financial
planner Barbara and Ventura. Enable participants to effectively
decipher and discuss the com plex nature of financial planning
options with clientsCOURSE CREDIT Provide the core course subjects
required for those seeking the As the continuing education division
of the University of professional CFP Designation California at
Santa Barbara, UCSB Extension is fully accredited by the Western
Association of Schools and Colleges (WASC). All INTENDED AUDIENCE
courses in the program are approved for professional-level,
Investment specialists including banking, insurance, real estate,
post-graduate credit. This type of credit is typically recognized
by and securitiesgovernment and industry for full or partial
tuition funding or Trust officersreimbursement. Course units and/or
CEU values are listed with Estate Planners the course descriptions.
Lawyers Accountants/CPAsTRANSFER CREDIT Retirement
specialistsTransfer credit is limited to 8 quarter units. Proposed
transfer Managers of corporate investment and retirement
planningcourses taken at other schools must be comparable in
content and programslength to the UCSB Extension equivalent and
must have been Individuals who meet the prerequisites and who wish
to studytaken from an accredited college or university within the
last five specific subjects without pursuing the certificateyears.
To determine whether courses taken at other schools will qualify,
send a copy of the course title and description and the CERTIFICATE
REQUIREMENTSdates the course was taken along with the UCSB
Extension course Completion of 30 units: 8 required courses.
Candidates for thetitle equivalent(s) to the certificate advisor.
The advisor will inform certificate must complete all required and
elective courses withstudents whether the coursework is
transferable. To activate the letter grades of C or better. Most
students take two to three years formal transfer of credit,
students must have filed their to complete the program; however,
you may proceed at your own Application for Candidacy in the
certificate program and must pace depending on how many courses are
available each quarter.request the school previously attended to
send an official tran Students have five years from the date their
first course ends to script to the certificate advisor. complete
the program. Students have five years to complete the requirements
for the APPLYING FOR CANDIDACY Professional Financial Planning
Certificate Program. ProgramTo be accepted as a candidate in a
certificate program, students requirements begin on either the
beginning date of the firstmust first submit the Application for
Candidacy Form in this applicable course or on the date the
Application for Candidacybrochure and a one-time, nonrefundable
filing fee of $50 if the was approved, whichever comes first. The
program ends whenapplication is filed before completion of the
third course or $100 a students last requirement is fulfilled. Upon
written request,if filed after completion of the third course.
Students are urged to exceptions will be considered on an
individual basisfile their Application for Candidacy anytime before
completing ([email protected]).their third course. Students
will be expected to fulfill program requirements in place at the
time candidacy is filed. Students will PROGRAM PREREQUISITES
automatically be notified of acceptance once the application and
All certificate courses are open to individual enrollment. For
thosefiling fee are received. Allow four weeks for applications to
be interested in completing the certificate program, it is
recommendprocessed. ed that, in addition to professional studies in
communication,Certificate candidates must notify the UCSB Extension
certificate humanities, and social sciences, students have
proficiency in coladvisor by e-mailing [email protected] or
by phoning lege algebra, be able to perform financial and
statistical analysis,(805) 893-3816 when they receive their grade
for the final course. and have a good working knowledge of the HP
12C calculatorOnce your final grade is received and your records
are checked to (especially as it pertains to finance) prior to
enrolling in Principles verify that you have met all program
requirements, your certificate of Financial Analysis.will be
processed and mailed to you. Duplicate certificates are available
if requested in writing. There is a $22 charge for each RECOMMENDED
COURSE SEQUENCE duplicate certificate. It is recommended that
students begin with Principles of Professional Practice or
Principles of Financial Analysis, followed byESTIMATED PROGRAM COST
the remaining courses as they are sequentially offered. Refer to
theThe total cost of the Professional Financial Planning
Certificate planned course schedule for recommended sequence of
classes.Program is determined by the number of units required to
com Individual courses are open to non-certificate students who
wishplete the entire curriculum and the actual courses taken,
particu to study a specific subject area. larly in the area of
elective courses where tuition fees can vary greatly. Individual
course fees are listed in the current UCSB COURSE
FORMATS/LOCATIONSExtension catalog and on the Web site. For
planning purposes, an UCSB Extension offers the necessary courses
to fulfill both the overall tuition cost has been estimated at
$3,300. This figure is for required and elective course
requirements using local qualified course tuition fees only and
does not include the costs of text professionals to provide the
instruction. books and/or materials. This cost figure is an
estimate only and is subject to change without notice. 3. FINANCIAL
ASSISTANCE This brochure is revised quarterly. Please refer to the
current UCSB UCSB Extension courses and certificate programs
qualify forExtension catalog or Web site for any significant
changes that may several forms of financial assistance: affect this
program. Continuance of individual courses usuallyrequires a
minimum number of enrollments. UCSB Extension is The Lifelong
Learning Loan Program (LLLP)supported entirely by course fees.
Students who are accepted candidates in UCSB Extension certifi cate
programs containing 140 or more hours of instruction (14 units) may
apply for a low-cost LLLP through Santa Barbara PROFESSIONAL
FINANCIAL PLANNING2006-07 CERTIFICATE PROGRAM COURSE SCHEDULE Bank
& Trust. If your annual income is under $42,800 and you reside
in Santa Barbara County, $54,800 and you reside in VenturaRequired
Courses (30 units total) Units Fall Winter Spring SummerPrinciples
of Professional Practice3 County, or $38,400 and you reside in San
Luis Obispo County,Principles of Financial Analysis 3 you may
qualify for a loan of up to $10,000 a year with an Risk Management4
extended payback period. Full details and the loan application
Portfolio and Investment Management4 are available for downloading
on the UCSB Extension Web site:Retirement Planning4
www.extension.ucsb.edu; or call (805) 893-4200 to request an Estate
Planning4 application. Tax Analysis 4Professional Practicum 4 Most
UCSB Extension courses and certificate programs qualify Also of
Interest (not required for cert.) for employer-paid tuition
reimbursement. Be sure to check with The HP Calculator for the your
employer about any employee assistance programs that youFinancial
Professional Goleta Ventura may be eligible to receive.ON
OnlineThis matrix lists courses we plan to offer during the time
indicated and is TEXTBOOKS/COURSE MATERIALSsubject to change.
Additional courses may be offeredsee current catalog. Most credit
courses require a textbook. Textbook costs range from $30 to $150
per course and are not included in course fees unless stated in the
catalog. It is the responsibility of the student to deter mine if a
book is required or recommended prior to the first class REQUIRED
COURSES by contacting MBS Direct and supplying the Reg number of
the (9 courses, 34 units total, all courses required) class. Books
lists are usually available through MBS Direct between three and
four weeks prior to the beginning of the class. It is rec
PRINCIPLES OF PROFESSIONAL PRACTICE ommended that students make
every effort to have their books byECON X425.1 (3 units) the first
class session. Various shipping options are available, withThis
course provides a basic introduction to the business practicesthe
cost generally increasing with service and speed required. that are
essential for financial planning. Topics include:MBS Direct contact
information: Phone: (800) 325-3252 Survey of the five components of
financial planning: invest Internet:
http://direct.mbsbooks.com/ucsbext.htm ments, tax planning,
retirement planning, estate planning, andinsurance INSTRUCTORS
Purpose, benefits, components and responsibilities of a financial
The instructors who teach in this program are practicing profes
planner sionals from the community. They are chosen for their
personal Introduction to CFP Boards Code of Ethics Financial
Planning commitment, academic background, teaching ability, and
profes Practice Standards sional expertise. We provide students
with the opportunity to com Budgeting ment on our instructors, our
program, and our customer service at Emergency fund planning the
end of each class. We welcome any comments that would Credit and
debt management assist us in improving the quality of instruction
in our program. Function, purpose, and regulation of financial
institutions Client attitudes and behavioral characteristics
DISABILITY SERVICES Educational funding Students who need
assistance are asked to refer to the current Financial planning for
special circumstances UCSB Extension catalog (General Information
section under Characteristics and consequences of types of entities
and Disability Services) or
www.extension.ucsb.edu/student/disability/ property titling for
information on available services and required procedures.
Financial services industry regulation requirements Requests for
services must be made at least two weeks before any Business law
instruction begins. For further information, call 893-5874.
Monetary settlement planningCERTIFICATE ADVISORPRINCIPLES OF
FINANCIAL ANALYSIS For questions concerning program requirements,
course substituECON X425.2 (3 units) tions and transfer credit,
status of Application for Candidacy, or Basic analytic tools and
mathematical techniques used in profesissuance of certificates,
please contact the certificate advisor atsional financial planning
are introduced along with the economic(805) 893-3816 or e-mail
[email protected] underlying the them. Topics
include: Personal financial statements Credit and debt management
Buying vs. leasing Economic concepts Time value of money concepts
and calculations Quantitative analysis 4. RISK MANAGEMENT
RETIREMENT PLANNING ECON X425.3 (4 units) ECON X425.5 (4 units) An
analysis of fundamental insurance practices and principles
ofStudents survey the various plans that are available to financial
risk management as they apply to financial planning. Topics
planners for providing retirement benefits and other investment-
include:oriented employment benefits to business and employees.
Topics Principles of insurance include: Analysis and evaluation of
risk exposures Retirement needs analysis Legal aspects of insurance
Employee stock options Property and casualty insurance Stock plans
General business liability Non-qualified deferred compensation
Health insurance Employer/employee insurance arrangements
Disability income insurance Types of retirement plans Long-term
care insurance Qualified plan rules and options Life insurance
Other tax-advantaged retirement plans Viatical settlements
Regulatory considerations Insurance needs analysis and rationale
Plan selection for businesses Taxation of life, disability, and
long-term care insurance Investment considerations for retirement
plans Insurance policy selection Distribution rules, alternatives,
and taxation Insurance company selection and due diligence
Prerequisite: Principles of Professional Practice or Principles of
Employee benefit plansFinancial Analysis Social Security, Medicare,
and incapacity planning Prerequisite: Principles of Professional
Practice or Principles ofESTATE PLANNING Financial AnalysisECON
X413 (4 units) An in-depth study of the tax and other
considerations that consti PORTFOLIO AND INVESTMENT MANAGEMENT tute
an effective estate plan. Topics include tax planning, probate,
ECON X425.4 (4 units) wills and will substitutes, the unlimited
marital deduction, trust Examine different investment vehicles for
financial planners par and trust taxation, holding title to
property, lifetime gifts, use of ticipating in securities markets,
and discover sources of informalife insurance in estate planning,
intra-family transactions, genera tion about the various
instruments traded and trading procedures. tion- skipping transfer
tax, taxes affecting business interests, Topics include: post-death
considerations, and an analysis of recent tax law. Types and use of
investment vehiclesPrerequisite: Principles of Professional
Practice or Principles of Types of investment riskFinancial
Analysis Measures of investment risk and returns Time-influences
security valuation concepts TAX ANALYSIS Bond and stock valuation
methodsECON X425.7 (4 units) Portfolio management and measurement
concepts This course is designed to enable financial planner to
recognize Formula investing many of the income tax planning
opportunities and dilemmas, Investment strategies and to focus on
the interrelation of the more common income tax Asset allocation
and portfolio diversificationrules, regulations, and planning
techniques applicable to individu Efficient Market Theory als, tax
shelters, and corporations. Topics include: Asset pricing models
Tax implication of employee stock options Leverage of investment
assets Income tax law fundamentals Hedging and option strategies
Tax compliance Tax efficient investing Income tax fundamentals and
calculations Investment strategies in tax-advantaged accounts Tax
accounting methods Taxation of investment vehicles Tax
characteristics of entities Prerequisite: Principles of
Professional Practice is required, Principles Basis of Financial
Analysis is highly recommended Cost-recovery concepts Tax
consequences of like-kind exchanges Tax consequences of gain or
loss on sales of assets Alternative Minimum Tax Tax management
techniques Passive activity and at-risk rules Tax implications of
changing circumstances Charitable contributions and deductions
Income in respect of a decedent Prerequisite: Principles of
Professional Practice or Principles of Financial Analysis 5.
PROFESSIONAL PRACTICUMALSO OF INTEREST ECON X425.8 (4 units) The
professional practicalities and client-based concerns of estab THE
HP CALCULATOR FOR THE FINANCIAL PROFESSIONAL lishing and running a
financial planning practice are examined. The Hewlett Packard HP
12c financial calculator is the standard Students draw upon their
previous financial planning training toindustry tool that allows
quick and accurate financial calculations. analyze case studies,
prepare for the CFP CertificationIn this workshop, students explore
the financial business calcula Examination, and explore the
business procedures necessary to tions that make financial planning
easier. The course offers hands- manage a financial planning
practice. They also review key issues on experience with common
problems like simple and compound on ethics, marketing, fee
setting, and staff development. Topicsinterest, general annuities,
present and future value, annual inter include:est rate, bond
valuation, and cash flow analysis. Preparing a financial plan for a
client Studying and writing case studies This course is of interest
to those in business, finance, and real Reviewing principles for
running and marketing a practice estate, and should be taken by
financial planners before taking Handling regulatory issues,
licensing, and credentialsPrinciples of Financial Analysis. It is
of particular interest to those Analyzing modern portfolio theory
who plan to sit for the CFP exam. Developing a business
planPrerequisite: An HP-12C calculator with owners manual, and a
Prerequisite: Completion of, or concurrent enrollment in, basic
knowledge of the financial concepts covered in this course all
required courses in the Professional Financial Planning Certificate
Program UCSB EXTENSIONFOR OFFICE USE ONLYCertificate Code:
PROFESSIONAL FINANCIAL PLANNING CERTIFICATE PROGRAM _______ CFP(Pro
Fin Plan)A P P L I C AT I O N F O R C A N D I D A C Y OBJ=CADate
Paid __________ This application signifies my intention of pursuing
the prescribed course of study toward the Professional Financial
Planning Certificate Program. Initials ____________Print your name
as desired on certificate: Ms. NON-REFUNDABLE APPLICATION FEE: Mr.
$50 before completion of thethird course
__________________________________________________________________________________
$100 after completion of the Name third course Check enclosed
payable to:
__________________________________________________________________________________Regents
of the University of California Charge my MasterCard Home
Address__________________________________________________________________________________
Charge my VISA City___________________________________ Account
Number
__________________________________________________________________________________For
your security and protection, UCSB Extension requires you State,
Zipto verify your credit card security code for enrollment. Credit
Card CVV Security Code:
_____________________________________________________________________________________________________________
Social Security Number FaxEnter the 3-digit code that appears on
the back of your credit card in the space
provided.__________________________________________________________________________________
_________________________________________ Employer Expiration Date
__________________________________________________________________________________
Position_________________________________________ Cardholders Name
__________________________________________________________________________________
Daytime PhoneE-mail Address Mail: UCSB Extension, Attn: SSO Please
e-mail me information about upcoming programs. Yes No6950 Hollister
Ave., Suite 102 On a separate sheet, list courses you have
completed or are currently taking that are part of this program.
Goleta, CA 93117-5824 Fax: (805) 893-8427web-FP 8/06 (K254)