This class was created by Brainscape user David Giles. Visit their profile to learn more about the creator.
By:
David Giles
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Decks in this class (9)
1: Set The Stage & Gather Client Information (10%)
Knowledge will help the learner build a professional and inclusive environment by effectively establishing rapport and understanding the client’s financial goals, current situation, and personal values to create a tailored financial counseling plan.
30
cards
2: Assist The Client in Creating an Action Plan
Knowledge will help the learner collaborate with the client in order to help them define clear, measurable financial goals, prioritize objectives, and implement actionable strategies aligned with their values and circumstances, while monitoring progress effectively.
20
cards
3. Develop Financial Statements, Ratios, and Spending Plans (10%)
Knowledge will help educate clients on the creation and analysis of financial statements, personal financial ratios, and spending plans to evaluate their financial health and align their spending with long-term goals.
26
cards
4. Manage Money (15%)
Knowledge learned will help guide clients in effectively managing their income, savings, and emergency funds while leveraging financial services and tax management strategies to maximize resources and build financial resilience.
30
cards
5. Manage Credit and Debt (15%)
Knowledge learned will help equip clients with the knowledge to understand credit use, improve credit scores, and implement debt management strategies that minimize costs and enhance financial stability.
30
cards
6. Educate a Client about Major Acquisitions (10%)
Knowledge learned will help support clients in making informed decisions about significant purchases by analyzing feasibility, researching options, and understanding the financial and legal implications of acquisitions, leasing, or renting.
30
cards
7. Manage Financial Risks (9%)
Knowledge learned will assist in helping clients identify potential financial risks and implement risk management strategies, including appropriate insurance products, to protect their assets and financial well-being.
30
cards
8. Discuss Investment Basics with a Client (10%)
Knowledge will help learner educate clients on investment fundamentals, including asset allocation, risk tolerance, and diversification, to help them make informed decisions that align with their goals and values.
30
cards
9. Educate a Client about the Financial Aspects of Retirement and Estate Planning (9%)
Knowledge will assist learner provide clients with the tools and knowledge to create comprehensive retirement and estate plans that address their financial needs, lifestyle goals, and legacy considerations.
33
cards
More about
Accredited Financial Counselor (AFC)
- Class purpose General learning
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