Current Size: 100%
Financial Planning |
The Business School |
Program AvailabilityLakeshore Fall 2012: Open |
|
|
Type:
Ontario Graduate Certificate Postgraduate
|
Campus:
Lakeshore
|
|
|
Program Code:
20791 |
Length: Two semesters, beginning in September |
|
|
CONTACT INFORMATION: Richard Kingston, program co-ordinator | 416.675.6622 ext. 3227 | richard.kingston@humber.ca
|
||
Humber’s Financial Planning program provides students with a broad range of financial, business and soft skills, plus the opportunity to earn the licenses and designations that financial institutions are looking for in the professionals they hire. In addition to emphasizing business knowledge and skills in the financial area, courses also teach leadership, communications, mentoring and management.
Program faculty are chosen for their expertise and experience in the financial services sector, and many continue to work in the industry.
The baby boomers, that cohort of 40- to 60-year-olds who account for one in three Canadians alive today, are expected to be the wealthiest retirees in history and will likely want help managing their assets for decades to come. Be in demand advising clients on investments, retirement, trusts, taxation and insurance. Find employment as a financial advisor, financial planner, or investment advisor. Or use your entrepreneurial skills and knowledge gained in the program to open your own business or act as a consultant.
This program is approved by the Financial Planning Standards Council (FPSC). Students will have the opportunity to seek their Certified Financial Planner (CFP) designation and to complete the Canadian Securities Course (CSC). Completion of the CSC is mandatory for those who wish to be licensed to sell stocks, bonds and mutual funds. Graduates will also be able to seek their Life License Qualification Program (LLQP), which is mandatory for those who wish to sell life, health and disability insurance.
Gain first-hand experience in the industry with a four-week work placement, which takes place either part-time during the program or full-time at the end of the program. Placements provide the valuable work experience employers seek.
Note: For more information visit Selection Procedures.
Meeting the minimum requirements does not guarantee admission to the program.
The 2012/2013 fee for two semesters is
– domestic $5,381.56
– international $12,800.
Amounts listed are the total of tuition, lab and material fees, student service and auxiliary fees for the first two semesters of the 2012/2013 academic year.
Fees are subject to change.
This program prepares students to write the qualifying exams for the licences and designations required by the financial services industry. Costs for such licences and designations are in addition to the fees noted above, and are payable to and at the discretion of the associated governing body as follows:
Canadian Securities Course (CSC)1 and 2 course materials and exam fees - $950
Insurance (LLQP) exam fees - $450
CFP designation FPE1 exam fee - $550.
Additional costs for textbooks and other program course materials - $1,200.
These costs are current as of January 2012 and are subject to change.
For more information, visit Fees and Financial Assistance.
Semester 1 | ||
| Course Code | Course | Credits |
| CFPD 501 | Canadian Securities 1Canadian Securities 1Course Code: CFPD 501 Credits: 4 | 4 |
| CFPD 502 | Income Tax PlanningIncome Tax PlanningCourse Code: CFPD 502 Credits: 3 This course prepares students to understand the basic terminology and rules of the Canadian Tax System. It is important for financial planners to be well equipped to identify tax-related issues as part of a financial review and decision-making process. It encompasses advanced concepts in the tax system and focuses on applications related to an individual's personal income tax affairs. Topics include fundamental terminology, compliance, general tax concepts and provisions, basic elements and issues surrounding tax computations, the capital gains system, capital cost allowance, capital dividend account, eligible capital expenditures, alternative minimum tax and income attribution, among others. | 3 |
| CFPD 504 | Risk Management and Estate PlanningRisk Management and Estate PlanningCourse Code: CFPD 504 Credits: 3 This course examines the fundamentals associated with the principles of risk management including the concept of insurable risk, the application of insurance into the risk management process, and risk management strategies. It also includes the study of the characteristics of insurance contracts, a review of public health insurance and private medical plans. The course incorporates a general understanding of automobile and homeowner insurance as well as the various government sponsored benefit plans. This course also examines the various elements of estate planning, the comprehensive process to ensure that there is a smooth transition of an individual's estate after his/her death. The topics include powers of attorney, wills, trusts, administrative issues, and various tax issues. | 3 |
| CFPD 505 | Retirement PlanningRetirement PlanningCourse Code: CFPD 505 Credits: 3 This course explores the Six Step Financial Planning Process, as established by the Financial Planners Standards Council. It encompasses the elements of goal and objective setting, the implications of different types of retirement savings relative to the tax consequences, and a discussion of different planning strategies. The course also examines employer-sponsored pension plans (registered pension plans - RPPs), Registered Retirement Savings Plans (RRSPs), Locked-in RRSPs and Deferred Profit Sharing Plans (DPSPs). There is a specific focus on the various vehicles that provide retirement income including Registered Retirement Income Funds (RRIFs), Life Income Funds (LIFs), Locked-In Retirement Income Funds (LRIFs), annuities, reverse mortgages and Retirement Compensation Arrangements (RCAs). | 3 |
| CFPD 506 | Strategic Investment PlanningStrategic Investment PlanningCourse Code: CFPD 506 Credits: 3 This course provides a comprehensive understanding of the investment strategies that individuals may use in the achievement of their wealth accumulation objectives. The time value of money fundamentals will be briefly touched on (knowledge of this is recommended for admission to the program). The course explores the fundamentals of economics as they relate to the investment strategies and wealth accumulation objectives. The concepts of gross domestic product, marketplace pricing, supply and demand, money supply, business cycles, and monetary and fiscal policy are reviewed. Additionally, yield curves, inflation, risk and modern portfolio theory are discussed. The course also looks at personal debt and money management and RESPs. | 3 |
| CFPD 512 | Field Placement and Integrative SeminarField Placement and Integrative SeminarCourse Code: CFPD 512 Credits: 4 In this course students will gain relevant work experience by participating in four-week, paid or unpaid work placement. Students will be required to document both the employment experience and their knowledge of business applications and theories through a series of assignments. These assignments relate directly to the job search process, the actual field placement experience and the specific courses completed in the student's area of study. Employers will also play a key role in the evaluation process. | 4 |
Semester 2 | Course Code | Course | Credits |
| CFPD 503 | InsuranceInsuranceCourse Code: CFPD 503 Credits: 3 This course examines the fundamentals of the life and health insurance industry in Canada and the types of insurance products available to meet the needs of the Canadian consumer. Students will review the industry overall, and fundamental elements of the law and insurance. They will also review needs assessment and the application process, as well as the basics of product pricing. The course finishes with a detailed examination of the types of life and health insurance, group benefit plans, government programs and financial security. | 3 |
| CFPD 507 | Canadian Securities 2Canadian Securities 2Course Code: CFPD 507 Credits: 4 This course examines the fundamentals of the life and health insurance industry in Canada and the types of insurance products available to meet the needs of the Canadian consumer. Students will review the industry overall, and fundamental elements of the law and insurance. They will also review needs assessment and the application process, as well as the basics of product pricing. The course finishes with a detailed examination of the types of life and health insurance, group benefit plans, government programs and financial security. | 4 |
| CFPD 508 | Business LawBusiness LawCourse Code: CFPD 508 Credits: 3 This course examines the fundamentals of the life and health insurance industry in Canada and the types of insurance products available to meet the needs of the Canadian consumer. Students will review the industry overall, and fundamental elements of the law and insurance. They will also review needs assessment and the application process, as well as the basics of product pricing. The course finishes with a detailed examination of the types of life and health insurance, group benefit plans, government programs and financial security. | 3 |
| CFPD 509 | Customer Service and Consumer BehaviourCustomer Service and Consumer BehaviourCourse Code: CFPD 509 Credits: 3 This course examines the fundamentals of the life and health insurance industry in Canada and the types of insurance products available to meet the needs of the Canadian consumer. Students will review the industry overall, and fundamental elements of the law and insurance. They will also review needs assessment and the application process, as well as the basics of product pricing. The course finishes with a detailed examination of the types of life and health insurance, group benefit plans, government programs and financial security. | 3 |
| CFPD 510 | Certified Financial Planner Capstone CourseCertified Financial Planner Capstone CourseCourse Code: CFPD 510 Credits: 3 This course is a mandatory component for certification (CFP) by the Financial Planners Standard's Council (FPSC). Students complete a personal financial plan, which demonstrates their ability to collect, analyze, and synthesize a personal financial situation and to make suitable recommendations. The completion of the financial plan incorporates financial planning competencies, professional skills, professional practice and technical knowledge. | 3 |
| CFPD 511 | Professional SellingProfessional SellingCourse Code: CFPD 511 Credits: 3 This course is a mandatory component for certification (CFP) by the Financial Planners Standard's Council (FPSC). Students complete a personal financial plan, which demonstrates their ability to collect, analyze, and synthesize a personal financial situation and to make suitable recommendations. The completion of the financial plan incorporates financial planning competencies, professional skills, professional practice and technical knowledge. | 3 |
Humber offers pathways from Ontario college diplomas to Humber degrees. Find out where your diploma can take you.
You can also choose another postsecondary institution. Humber has formal articulation agreements indicating the specific transfer arrangements from a Humber program to a particular degree program, as well as general policies on admissions at specific institutions. Click here to find out more.
