Financial Planning Program Structure

The Masters Certificate in Financial Planning is a six-course certificate program that meets two nights per week, two hours each night for live, Internet delivered instruction. In addition, at least five hours of archived lectures per course are available to each student. These archived lectures are useful to build foundation on key concepts prior to attending class. For example, if you do not have experience with wills, trusts and estates, you can view the archived lectures for estate planning so that you have a solid foundation of the terms and concepts, before actually reading the material and attending the estate planning course.

The program's six courses consist of:

  • Fundamentals of Financial Planning and Insurance Planning
  • Investment Planning
  • Income Tax Planning
  • Retirement and Employee Benefit Planning
  • Estate Planning
  • Financial Plan Presentation Course

Fundamentals of Financial Planning and Insurance Planning

This course will introduce students to the theory and practice of financial planning. Students will receive an overview of the financial planning process, managing a client's risk, while achieving goals through savings and investments. The course will cover life, health, disability, long term care, property, social security and personal liability. In addition, the course will present topics on time value of money, education and retirement funding. A financial calculator is required, such as an HP 12C or 10BII.

Investment Analysis and Portfolio Management

This course introduces concepts regarding modern portfolio theory, risk reduction, debt and equity securities, derivatives including options and futures contracts, and asset allocation strategies. The course will also emphasis the importance of determining a client's risk tolerance and selecting assets that are appropriate given the client's risk and goals.

Taxation of Persons, Property and Other Entities

This course will focus on taxation of individuals, sole proprietorships, c-corps, s-corps, partnership and LLC's. The course provides detailed coverage of gross income inclusions, exclusions, deductions before and after adjusted gross income and tax credits. In addition, the taxation course will provide students with strategies surrounding taxation avoidance and minimization alternatives.

Retirement and Employee Benefits

During this course students are presented with a comprehensive overview and in-depth discussion of qualified (defined benefit, profit share, 401(k) plans) and non-qualified retirement plans (deferred compensation, incentive stock options, employee stock purchase plans), other tax-advantaged plans (SIMPLE, Roth and traditional IRA's), and employee benefits. In addition, this course will present an overview of the social security, disability and health care program.

Estate Tax Planning

This course will provide students with an introduction to wills, trusts, the probate process and the taxation of estates for the purposes of financial planning. In addition, students will learn the tax implications of gifts and bequests during lifetime and at death. This course will cover the material in a manner that provides students with taxation avoidance and minimization techniques to be used when planning a client's estate.

Financial Plan Presentation Course

The Plan Presentation course consists of both online, self-paced study combined with live online instruction. Students will learn how to prepare and present a financial plan using financial planning software and multiple approaches to identifying and planning for a client's goals and risks. The course will require students to perform all functions of the financial planning process and apply the CFP® Board’s Practice Standards.

Admission Criteria

It's strongly recommended that students have a four year degree before enrolling in the program. The CFP Board requires individuals to have obtained an undergraduate degree prior to being allowed to use the CFP credentials.

Enrollment Tuition

Tuition for the six-course curriculum is $5,650, plus books and materials.

Transfer and Exemption Policy

The University of Miami will allow students to transfer credit up to two courses from another board registered program and receive a tuition discount for each course.

Certificate 

Upon successful completion of The University of Miami's Masters Certificate in Financial Planning program, students will receive a certificate of completion from The University of Miami. Upon successful completion of the program, students will be eligible to sit for the CFP® Certification Examination.