Curriculum Guideline

Financial Planning Capstone

Effective Date:
Course
Discontinued
No
Course Code
FINC 4370
Descriptive
Financial Planning Capstone
Department
Finance
Faculty
Commerce & Business Administration
Credits
3.00
Start Date
End Term
Not Specified
PLAR
No
Semester Length
15 Weeks
Max Class Size
25
Contact Hours

Lecture: 2 hours/week

Seminar: 2 hours/week

OR

Hybrid: Alternating weeks of above and online

 

Method Of Instruction
Lecture
Seminar
Hybrid
Methods Of Instruction

Lecture, seminars and online. This course focusses on the development and presentation of professional financial planning advice. It will be interactive and make use of cases, supplementary materials, and class presentations.

Course Description
The Financial Planning Capstone is an integrated financial planning course requiring the preparation and presentation of a professional industry level financial plan covering at least four of the six financial planning components. Cases from current clients will be sourced when possible.
Course Content

Complete a professional financial plan integrating at least four of the six financial planning components.

Present the plan as if engaging a real client, explaining and defending recommendations and considering conflicting views on financial planning topics.

Specifically:

  1. Complete qualitative and quantitative analyses to formulate strategies, and recommendations
  2. Rank issues and provide rationale for prioritization on various components
  3. Demonstrate the professional skills required in the FP Canada Competency Profile
  4. Make and validate assumptions used in the financial plan
  5. Defend the approach and or recommendations taken in the financial plan
  6. Present the financial plan as if it is a true client engagement
  7. Apply the CFP Financial Planning Practice Standards and CFP Code of Ethics
Learning Outcomes

Upon completion of the course, a successful student will be able to:

  1. Apply and integrate technical knowledge gained from Core Curriculum courses in the identification and analysis of issues relating to personal financial planning, including assessing the economic, political and regulatory environment.
  2. Collect and analyze all qualitative and quantitative information from a client required to develop a financial plan.
  3. Evaluate each client’s objectives, needs and values that have financial implications.
  4. Analyze and synthesize personal financial situations from all six financial planning components.
  5. Identify potential opportunities and constraints, assess information to formulate strategies to develop a financial plan.
  6. Prioritize and consolidate recommendations into a financial plan.
  7. Develop a complete professional financial plan covering moderately complex financial issues and at least four of the six financial planning components.
  8. Communicate information, ideas and concepts to clients and others in a professional written and oral manner that is understandable for the client’s level of sophistication.
  9. Demonstrate logic and ethical judgment in providing financial planning recommendations.

 

 

 

Means of Assessment
Assignment(s) or case(s) 30% - 50%
Tests or quizzes 20% - 40%
Individual case presentation 10% - 20%
Final Exam 0% - 30%
 TOTAL 100%

Assessment will be based on course objectives and will be carried out in accordance with the Douglas College Evaluation Policy. 

No single assessment will be worth more than 40%.

Students must achieve a minimum grade of 50% on the combined invigilated components to pass the course.

 

Textbook Materials

Textbook resources may include:

Instructor compiled materials

Becoming a Certified Financial Planner in Canada, Alan Goldhar, Captus Press

Reference to all texts from previous courses:

Personal Finance, Madura and Gill, Pearson, Latest Canadian Edition, Retirement and Estate Planning in Canada, Coleen Clarke, Captus Press, Latest Canadian Edition, Tax Planning for Canadians, KPMG, latest edition

All textbooks subject to change with department approval.

Calculator: Texas Instruments BA II Plus or as approved by Department.

Prerequisites

(FINC 3300) with “C” or higher, and (FINC 3390 or The Canadian Securities Course transfered in) with “C” or higher or completion of QAFP