Opening Session Sponsored by:

Welcome

2013 CFP Board Registered Program Conference Opening Session Pathway to CFP® Certification: Building Theory, Enriching Practice Dr. Charles Chaffin CFP Board August 8, 2013

2013 CFP Board Registered Program Conference ■ Student retention ■ Pathway to CFP ® certification ■ Induction into the profession ■ Application of course content

CFP Board Registered Programs

New Registered Programs ■ Adelphi University ■ Arkansas State University ■ Grand Valley State University ■ Illinois State University ■ Indiana Wesleyan University ■ James Madison University ■ Missouri State University ■ Penn State Erie, The Behrend College ■ Pepperdine University ■ Saginaw Valley State University ■ University of Missouri – Kansas City ■ University of Texas – Arlington ■ Valparaiso University ■ Virginia Commonwealth University ■ Widener University ■ Youngstown State University

CFP Board Registered Programs ■ 112 Baccalaureate ■ 177 Certificate ■ 49 Graduate ■ 5 PhD ■ 343 Total programs ■ 51 Programs in development

CFP Board Registered Programs

Biennial Registration Renewal for CFP Board Registered Programs

Biennial Renewal Objectives ■ Ensure that programs are meeting minimum requirements (Criteria for CFP Board Registered Programs, Updated Spring 2013) ■ Reflective process for faculty and administration ■ Program advocacy instruments ■ Demonstration of commitment of institution to CFP ® Certification

Self-Assessment ■ Question #1: 270 Contact Hours ■

Self-Assessment ■ Question #2: Is your current cohort required to take the Capstone Course?

Self-Assessment ■ Question #3: Describe areas of strength for your CFP Board Registered Program. This could include faculty quality, assessment strategies, learning experiences, student placement data, etc.

Self-Assessment Results

Self-Assessment ■ Question #4: Describe areas of weakness for your CFP Board Registered Program. Areas could include assessment strategies, learning experiences, student retention, etc.

Self-Assessment Results

Self-Assessment ■ Question #5a: How have you identified these areas? (Focus group, internal program evaluation, student surveys or practitioner engagement)

Self-Assessment Results

Self-Assessment ■ Question #5b: How do you plan on improving in these areas?

Self-Assessment Results

Self-Assessment ■ Question #6: Are you using Student-Centered Learning Objectives in your program? If so, how?

Self-Assessment Results

Self-Assessment 16. Disability Income Insurance (individual) a. Describe differences between short-term and long-term disability plans and identify the policy provisions that should be included in privately- purchased disability policies. b. Create a plan for meeting individual disability income needs, in consideration of household financial resources, and existing coverage under employer plans, Social Security, and disability income insurance options. c. Calculate the tax implications of paying for and receiving disability benefits.

Self-Assessment ■ Question #7: Is the institution encouraging students to create a CFP Board Account? If so, how?

Self-Assessment Results

Creating a CFP Board Account ■ Account creation is free. Simply complete the form and submit. ■

Self-assessment ■ Question #8: Please feel free to discuss any other strengths of your program. This could be related to student retention, experiential learning, practitioner engagement, etc.  Case-based approach  Faculty interaction yielding to learning across the curriculum  Student retention  Practitioner engagement

Renewal Status

Education Verification System ■ Thank you ■  For student-related inquiries ■  For program-related submissions and inquiries

Student Completion Initiative

■ CFP Board will provide a list of individuals from each institution who have taken the exam ■ CFP Board will be engaging individuals who have met the education requirement regarding completion of CFP ® Certification ■ CFP Board will provide yearly reports to institutions regarding past graduates relative to CFP ® certification

Student Completion Initiative CFP Board will provide data to each institutions relative to the following areas:

Student Completion Initiative ■ Effective December 2011, the names of all individuals who have completed a CFP Board Registered Program are submitted to CFP Board ■ Institutions who are interested in exploring graduates prior to December 2011 can submit names to be analyzed. ■ We will work together to discover ways to increase number of students who move forward with certification process

Financial Planning Competency Handbook

What’s in the book: General Objectives 78 Topics ■ What a financial planner needs to know ■ What a financial planner does ■ When a financial planner needs to do it Audiences ■ Practitioners ■ Students ■ Faculty ■ Practitioners within related disciplines

What’s in the book: What a Financial Planner needs to know Part I 78 Topics ■ Content diagram ■ Introduction/historical overview ■ Student-centered learning objectives ■ Instructional resource ■ Professional Practice Capabilities ■ Vignettes

What’s in the book: What a Financial Planner does in Practice Part II Domains ■ Introduction of the domain/process ■ Rationale  Importance for the practitioner and client ■ Techniques  Avenues for achieving specific course of action ■ Vignettes  Contexts where these actions occur within practice

Contributors ■ Kristy L. Archuleta, PhD, Kansas State University ■ Naomi Boyd, PhD, West Virginia University ■ Sonya L. Britt, PhD, CFP ®, Kansas State University ■ Elissa Buie, CFP ®, Golden Gate University ■ Sharon A. Burns, PhD ■ Swarn Chatterjee, PhD, University of Georgia ■ Martie Gillen, PhD, University of Florida ■ John Gilliam, PhD, CFP ®, Texas Tech University ■ John E. Grable, PhD, CFP ®, University of Georgia ■ Michael Gutter, PhD, University of Florida ■ Vickie Hampton, PhD, CFP ®, Texas Tech University ■ Don L. Harrington, LLB ■ Andrew Head, CFP ®, Western Kentucky University ■ Webster Hewitt, CFP ® ■ Deena Katz, PhD, CFP ®, Texas Tech University ■ Lance Palmer, PhD, CFP ®, University of Georgia ■ Jorge Ruiz-Menjivar, University of Florida ■ Ronald A. Sages, PhD, CFP ®, Kansas State University ■ Martin C. Seay, PhD, Kansas State University ■ Thomas Warschauer, PhD, CFP ®, San Diego State University ■ Kenneth Wynn, University of Florida ■ Dave Yeske, DBA, CFP ®, Golden Gate University ■ Charles R. Chaffin, EdD, CFP Board

MOOC ■ MOOC: Massive Open Online Course  Online learning platform combining mastery- based learning principles with video lectures, interactive content and a global community of peers, offering students from around the world a unique online learning experience accessible to anyone for free

Financial Literacy and Planning ■ Designed to provide an overview of basic topic areas relative to personal financial planning ■ Broad applicability relative to diverse audience ■ Heavy focus on vignettes and personal financial situations ■ Opportunity for individuals to learn more about a career as a CFP ® Professional and begin process towards CFP ® certification  Benefit to CFP Board Registered Programs  Benefit to CFP ® designation

Financial Planning Challenge ■ Engagement of students and faculty in the financial planning process ■ A case with two clients and the student must present a comprehensive financial plan  Financial Planning Case Study (Written)  Financial Planning Case Study (Oral)  “How Do You Know Challenge?”

Financial Planning Challenge Opportunity to highlight components of the learning process ■ Case Study ■ Assessment Rubric ■ Oral and written component of a comprehensive financial plan

2013 Financial Planning Challenge Finalists ■ 14 participating institutions in 2013  Great exposure for program, college, and institution as a whole  Positive learning experience for students  Great networking opportunities for students (career) and program (resource support from firms)

Public Awareness Campaign Toolkit Increasing public awareness is central to CFP Board’s mission. In November 2010, CFP Board’s Board of Directors authorized the organization to proceed with a multi-year public awareness campaign to raise the awareness of CFP ® certification. The campaign includes a toolkit of resources that CFP ® professionals can use in their local communities to extend the reach of the campaign, and updates from CFP Board on the progress of the campaign. Find the toolkit at

Marketing Materials ■ Digital Copies available on flash drive and at

Career/Advising Center Contacts

CFP Board Education Fall Webinar September 25 1:00pm EDT

Resources Information and Resources: Sample Exam Items: Communicate: LinkedIn subgroup for Registered Program Directors and Faculty

This presentation is available at