Participants will receive access to the recorded sessions of the course.
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The EIMF Certificate in Financial Planning will equip participants with the requisite knowledge and skills to operate ethically and responsibly as financial planners, and to be able to respond to the challenges of the economic environment and the changing nature of the financial services industry.
The course will offer professionals with an opportunity to enhance their understanding in a variety of financial sector-related topics, including investment funds, proper suitability analysis, client needs identification, and portfolio management.
Furthermore, participants will attain the professional skills and knowledge needed to practice financial planning. Whether providing comprehensive financial planning or focusing on one area of a client’s financial life, participants will learn how to use the financial planning process to put the client’s interests first when developing strategies and solutions.
Training Objectives
By the end of this programme, participants will be able to:
- Describe how to assess clients’ needs and objectives with regards to their financial goals
- Understand the basics of finance and portfolio management
- Know who the regulators are and what they do
- List the main players in the sector
- Name the latest developments in legislation
- Identify the microeconomics and their effects on markets, sectors, companies
- Identify client needs based on suitability, knowledge, risk appetite and financial needs
- Describe the legislation, taxation, economics and accepted financial planning principles to solve the financial dilemmas of an individual.
- Identify financial planning techniques and be able to provide recommendations in a clear, fair, and relevant manner
- Explain the macroeconomic environment and provide proper solutions that would suit their clients’ needs
- Develop knowledge of legislation, compliance, and ethics in a financial planning context in Cyprus
- Explain the changing nature of the financial planning environment in Cyprus in terms of structure and role players, regulation, and consumer needs.
- Show a good working knowledge of a financial planning software
- Explain their knowledge with respect to the universe of financial products (bonds, stocks, funds, etc.)
- Develop a deeper knowledge of insurance products and their use as a financial planning tool
- Defend the marketing communication for financial planners
- Explain a financial plan result both orally and in writing
- Appraise how financial promotion and regulatory compliance are combined
- Elaborate on the financial plan in a portfolio management set up
- Appraise financial planning information to formulate a financial plan
Training Outline
The evolving financial needs of a person
- Financial needs versus risks
- Behaviour and other traits
- Budgeting: the ever-changing requirements
- Wealth Managements, Financial Planning or Retirement Planning?
- Global ethical and professional standards
Finance Basics
- The main principles: inflation and time value of money
- Asset spectrum: bonds, stocks, funds, and more (liquidity, availability, pricing)
- The main players in the sector (banks, insurance companies, pension funds, etc.)
- Exchange rates and performance
- Investments and the macroeconomic environment
Macroeconomic Environment
- Interest rates and central banks
- Economic growth and inflation
- Macroeconomics and their effects on markets, sectors, companies
- Exchange rates and financial markets
Regulation
– Who they are and what they do (Central Bank, Insurance Companies Control Services, CySEC, Financial Ombudsman)
The MiFID Legislation
- Latest developments in legislation
- Investment funds in Europe
- Ethical behaviour for financial planners
Insurance Products and Financial Planning
- The PRIIPs regulation on insurance products
- Overview on the main products offered
- An elaboration of the tax benefits from insurance products
- A deep dive into insurance products (assets, strategies, liquidity, ets.)
Financial Promotion
- Financial Promotion and Regulatory Compliance
- Marketing Communication for Financial Planners
- Tactics, strategies, and approaches
Financial Planning in Practice
- Identifying Client needs (suitability, knowledge, risk appetite, retirement plans, age, financial needs)
- How to determine appropriate financial and investment solutions based on client needs (including planning assumptions).
- Clients and strategies: a practical approach
- Case study video and discussion: Asset Management plans
- Financial Planning software: a brief overview (Firefly)
Combining Investment Products
- Financial planning in a portfolio management setup
- Investment products in a client portfolio
- Risk and return in client portfolios
- Managing client portfolio liquidity
- The PRIIPs regulations on insurance products
- Overview of the main products offered
- An elaboration of the tax benefits from insurance products
- A deep dive into insurance products (assets, strategies, liquidity, charges, etc.)
Who should attend
The course will benefit professionals working in wealth management or insurance companies, as well as people who are employed in compliance roles at all levels (eg Officers, Managers, Senior Managers)
Potential job titles include:
- Financial planners
- Insurance advisors
- Insurance agents
- Wealth management advisors/professionals
- Compliance Managers/Officers in Insurance, Funds, and Investments Companies
- Managers in wealth or insurance companies
Training Style
The course content will be presented, illustrated and explained to participants in detail. Questions by participants will be answered throughout. Real time examples will be provided, where available. On occasions participants will be more interactively involved through an exchange of views and personal professional experiences.
Knowledge Test
At the completion of the knowledge areas, participants will be assessed via the form of Multiple-Choice Questions which will consist of questions related to the material taught. The aim of the assessment is to examine participants’ overall attention and knowledge of material taught as well as their competencies towards the implementation of practical cases.
CPD Recognition
This programme may be approved for up to 24 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
In-house Training
For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.
Training Objectives
By the end of this programme, participants will be able to:
- Understand the characteristics of the main FX instruments and their specifications
- Understand how to monitor transactions and report suspicious transactions
- Know the role of the regulatory framework and competent authorities
- Understand the best execution and client information policies
- Understand how best execution fits into the MIFID II framework
Training Outline
- Basic characteristics of FX markets
- Instrument Specification in the markets
- The AML 4th and 5th Directives
- Monitoring and Reporting of Suspicious Transactions
- Regulatory Framework and Competent Authorities
- Guidelines for Financial Promotion and Advertising Policies
- Unfair B2C practices
- Best Execution and Client Information
Who should attend
The professional profile of the person who would most benefit from attending the course is:
- Sales professionals
- Support Professionals
- Compliance Officers and Managers
- Back Office Professionals
Training Style
The programme is designed to enhance the participants’ knowledge on the financial promotion and marketing legislation, via short lectures, practical examples and some case studies. Most of the training will be focused on providing a clear understanding of the topics, as well as providing real-life case studies and examples of the material covered in the short lectures.
Knowledge Test
At the completion of the knowledge areas, participants will be assessed via the form of Multiple-Choice Questions which will consist of questions related to the material taught. The aim of the assessment is to examine participants’ overall attention and knowledge of material taught as well as their competencies towards the implementation of practical cases.
CPD Recognition
This programme may be approved for up to 10 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
In-house Training
For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.
Training Objectives
By the end of this programme, participants will be able to:
- Understand the characteristics of the main FX instruments and their specifications
- Understand how to monitor transactions and report suspicious transactions
- Know the role of the regulatory framework and competent authorities
- Understand the best execution and client information policies
- Understand how best execution fits into the MIFID II framework
Training Outline
- Basic characteristics of FX markets
- Instrument Specification in the markets
- The AML 4th and 5th Directives
- Monitoring and Reporting of Suspicious Transactions
- Regulatory Framework and Competent Authorities
- Guidelines for Financial Promotion and Advertising Policies
- Unfair B2C practices
- Best Execution and Client Information
Who should attend
The professional profile of the person who would most benefit from attending the course is:
- Sales professionals
- Support Professionals
- Compliance Officers and Managers
- Back Office Professionals
Training Style
The programme is designed to enhance the participants’ knowledge on the financial promotion and marketing legislation, via short lectures, practical examples and some case studies. Most of the training will be focused on providing a clear understanding of the topics, as well as providing real-life case studies and examples of the material covered in the short lectures.
Knowledge Test
At the completion of the knowledge areas, participants will be assessed via the form of Multiple-Choice Questions which will consist of questions related to the material taught. The aim of the assessment is to examine participants’ overall attention and knowledge of material taught as well as their competencies towards the implementation of practical cases.
CPD Recognition
This programme may be approved for up to 10 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
In-house Training
For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.
