Discussion Questions: information relating to the end-of-chapter “Discussion Questions” from the financial planning coursework material through New York University’s CFP® Program (in conjunction with Dalton Education). Discussion Questions for Chapter 3: “Financial Planning Approaches: Analysis and Recommendations” List and define the eight approaches to financial planning analysis and recommendations. Life Cycle approach: Quick data collection; planner gets a brief overview to facilitate a focused first conversation. Usually used early in engagement. Framework based on the idea that client’s age may indicate the life phase: Asset accumulation phase: usually early 20’s until late 50’s when discretionary CF for investing is low and debt-to-net worth is high. Conservation (risk management) phase: usually beings…

Discussion Questions: information relating to the end-of-chapter “Discussion Questions” from the financial planning coursework material through New York University’s CFP® Program (in conjunction with Dalton Education). Discussion Questions for Chapter 2: “Interpersonal Communication & Behavioral Finance” Identify and discuss the 3 general schools of thought for counseling.  Developmental “Believes that human development occurs in stages over time. Relationships that are formed early in life become a template for establishing relationships in adulthood. As to emotions, the Developmental Paradigm assumes that all humans develop and progress in a predictable sequence. Humanistic “Dominated by theorists whose models have their origins from a shared philosophical approach. For a client to grow, the relationship requires…

Discussion Questions: information relating to the end-of-chapter “Discussion Questions” from the financial planning coursework material through New York University’s CFP® Program (in conjunction with Dalton Education). Discussion Questions for Chapter 1: “Introduction to Financial Planning” What is personal financial planning? “The process of formulating, implementing, and monitoring financial decisions integrated into a plan that guides an individual or a family to achieve their financial goals.” Define the process of financial planning. “The process of financial planning includes: (1) establishing and defining the client relationship, (2) gathering client data, (3) analyzing and evaluating the client’s financial status, (4) developing and presenting financial plan recommendations, (5) implementing financial plan recommendations, and (6) monitoring the…