How Financial Professionals Can Help Module 11 Family Financial Freedom

Saunders Learning Group, Newton, KS Saunders Learning Group, Newton, KS

Workshop Module 11:

How Professionals

Can Help

Saunders Learning Group, Newton, KS Financial Advisors & How They Can Help

Saunders Learning Group provides a variety of training programs, workshops and seminars targeted to the financial services industry.

Programs are available in a wide range of topics, and we are specialists in developing custom programs that are targeted to your needs.

Contact the founder, Floyd Saunders at 316-‐680-‐6482 or at [email protected] for more informaKon.

2

Training from Saunders Learning Group


Agenda

Bankers – Private, Trust & Consumer

Investment Advisors

Insurance Agents

Financial Planners

Stock brokers

Attorneys

Tax preparers

Accountants


“In this world nothing can be said to be certain, except death and taxes.”

Benjamin Franklin

4


Accountants & Tax preparers

!  Accountants

— Public Accounts — CerKfied Public Accountants — CPA/PFS – Personal Financial Specialist

!  Tax Preparers

— Enrolled Agents — Registered Tax Preparers

! On Your Own — Online tax preparaKon — Free file -‐ IRS

http://www.irs.gov/Filing


Attorneys

!  AVorneys oWen partner with investment advisors, brokerage firms and financial planners to refer business to each other.

!  Trust and estate lawyers draW trusts, handle trust disputes, and write wills and powers of aVorney as well as comprehensive estate plans.

! Many aVorneys who specialize in tax and estate-‐planning work are solo pracKKoners or part of a larger firm with many specialKes.

o  On Your Own: —  hVp://www.freeadvice.com/ —  www.legalzoom.com


Stockbrokers & Investment Advisors

!  Stockbrokers (Series 7) — “Suitable” investments

!  Registered RepresentaKve (Series 6)

!  Brokers are legally called “registered representaKves,” but may also call themselves “financial advisors,” “financial consultants” or “investment consultants.”

!  Broker/dealers

!  Discount Brokers

!  On Your Own: Comparing discount stockbrokers: hVp://www.stocktradingtogo.com/discount-‐stock-‐brokers/


Financial Planners

!  Fee Based — Charge both commissions and fees

!  Fee-‐Only — Charge fees for comprehensive financial plans only

!  CerKfied Financial Planner (CFP)

! Wealth Managers — Aimed at higher net worth clients

! On Your Own: — hVp://quicken.intuit.com/ — hVp://personal-‐finance-‐soWware-‐review.toptenreviews.com/

CFP designation at cfp.net/search.


Insurance Agents

!  Independent agents — sell policies from more than one company.

!  Exclusive agents — Represent a single company

!  May also sell property, casualty, disability and long-‐term care policies in addiKon to life insurance

!  CerKficaKon: — Chartered Life Underwriter (CLU) — Chartered Financial Consultant (ChFC)

! On Your Own — hVp://www.intelliquote.com/ — hVp://www.netquote.com/


Insurance Designations !  CLU as a Chartered Life Underwriter

!  ChFC as a Chartered Financial Consultant

!  RFP as a Registered Financial Planner

!  RHU as a Registered Health Underwriter

!  FIC as a Fraternal Insurance Counselor

!  CSA as a Certified Senior Advisor

!  CIC as a Chartered Investment Advisor

!  FSS as a Financial Services Specialist

!  CPC as Certified Pension Consultant.

!  CLTC as Certified in Long Term Care

!  CEBS is a Certified Employee Benefit Specialist

!  REBC is a Registered Employee Benefits Consultant

!  CIC is a Chartered Investment Counselor

!  CAA is a Certified Annuity Advisor

!  RFC is a Registered Financial Consultant

!  AEP is an Accredited Estate Planner

!  CSS is a Certified Senior Specialist,

!  LIFA is a Licensed Insurance Financial Analyst

!  CEP is a Certified Estate Planner

!  AFC is a Accredited Financial Counselor

!  CFA is a Chartered Financial Analyst

!  MSFS is a Masters of Science in Financial Service

!  FLMI is a Fellow Life Management Institute designation

!  CPC is a Certified Pension Consultant

!  CAC is Certified Annuity Consultant

!  RFG is a Registered Financial Gerontologist

!  FFSI is a Fellow Financial Services Institute designation

!  CRP is a Certified Risk Professional.


Investment Advisors !  Registered with State SecuriKes Regulators and/or U.S. SecuriKes and Exchange Commission

!  Typically paid on a percent of assets under management

!  Have a “Fiduciary Duty” to put clients interests first

! May also be called: financial advisors, money managers, asset managers, investment managers, investment counselors, porfolio managers or registered investment advisors (RIAs) To research basic information about an advisor, visit adviserinfo.sec.gov. or

http://www.adviserinfo.sec.gov/IAPD/Content/IapdMain/iapd_SiteMap.aspx


Bankers

!  Private Bankers — Service for high net worth clients

!  Trust Bankers

!  Consumers Bankers — Service for consumers that need a range of banking services, but may

not be high net worth customers.

! On Your Own: hVp://www.bankrate.com/brm/olbstep2.asp


Questions


Post Workshop Action Plan

!  Complete the Post Workshop AcKon Plan

14


Reference Material

Book summary: You might be struggling to make ends meet, but achieving true financial freedom is still possible. The good news is virtually anyone with a desire to learn and the willingness to plan can achieve a considerable degree of financial security. This book is a road map to the personal financial freedom you want and deserve. There are no quick-rich schemes here, just common sense advice on how to manage your money, protect your family from risks and start making the moves to being more financial secure.

Family Financial Freedom 140 pages ISBN 978-1-60-746269-9 Available Formats: 6"x9" paperback PDF download eBook download Link to order: http://www.fastpencil.com/publications/4498-Family-Financial-Freedom?tid=bookbuy#read_book Also available on Kndle, Nook, iPad and other popular e-readers can be ordered from Amazon or Barnes and Noble in paperback (available soon).


Family Financial Freedom Seminars

1.   Gegng Started

2.   Making Your Money Work For You

3.   Building the Base

4.   Securing the Base

5.   Financing Your Future

6.   Mutual Funds

7.   Real Estate

8.   Your investments

9.   ReKre in Comfort

10.   Passing On Your Wealth

11.   How Professional Can Help

•  This series of seminars on family financial freedom is available to all trainers, educators and professional advisors in the financial services industry.

•  The series of seminars can be taught with or without the book, “Family Financial Freedom”.

•  Here is a full listing of seminar topics:

•  A leader’s guide and participant’s workbook is also available. Order your copy from Scribd

•  Contact the author, Floyd Saunders for pricing and order details to purchase the entire series of seminars: [email protected]

Economy & Finance

How Financial Professionals Can Help Module 11 Family Financial Freedom