How a Financial Planning Seminar Can Keep Advisers Up to Date

 December 15th, 2017    

financial planning seminarWhen was the last time you had a refresher on your financial planning knowledge? Was it six months ago or a year ago? According to finance journalist Liz Smith, to maintain certification, a financial planner must renew their certificate every two years.

So what does this mean?

It means that you need to be able to keep your head around the financial world.

Now, your big question must be, “What is the best way for a financial planner to do this?”

The answer is through attending regular financial planning seminars. These seminars can provide you with the latest information in the world of finance and ethics. They can also help you revise old concepts as well as answering any burning questions that you may have.

Do you want to learn more?

Read on to discover how a seminar can help you and your financial career!

It Provides Financial Planners with the Latest Money Management Information

An effective financial planning seminar should provide you with current money management information. This involves quite a number of things, one of them being the latest tax legislation information.

Why is such information important?

Because tax legislation is constantly updating. In fact, it’s been less than 6 months since changes have occurred.

Therefore, you will benefit from a finance seminar since there will always be information on recent revisions to both relevant state and federal tax legislation.

Another important information that you can get out of a financial planning seminar is the knowledge on new ways to generate finances.

For example, using an online platform such as crowdfunding to gain income is a completely new field for some older financial planners. A seminar can provide education on this new means of donation-based funding and how to report it on a 1099-k.

The main benefit of all this knowledge is that not only will you be up to date, but also you will be trusted by your current and future clients to deliver competent advice on their financial matters.

The Seminars Provide CPAs with Refresher Education

As financial planning covers a range of money management concepts, it’s understandable that you may end up having difficulty recalling information. However, as a CFP, it’s of the utmost importance that you regularly revise concepts you’re struggling to remember.

For example, according to the IRS, taxpayers have had recent issues in distinguishing the difference between a business and a hobby. As a financial planner, are you aware of these differences and could you help a potential client to distinguish the two?

Engaging in a financial planning seminar which includes a topic on hobby loss could help you significantly.

Another issue CFPs have are problems filing foreign taxes. When was the last time you encountered issues with this and how would you deal with it if it came up in the future? Again, a regular financial planning seminar is the solution to this.

The best thing about these seminars is that you can be on top of your certification and continue your financial education without having to study tons of textbooks! You will learn and revise content more effectively, by listening to the advice and teachings of finance and tax professionals.

Attending a Financial Planning Seminar Helps Build Your Experience.

Before you are allowed to operate as a CFP who is solely entrusted with providing accurate financial planning advice, the CFP board requires that you have 3 years of professional experience.

Alternatively, the board requires that you have two years of apprenticeship experience.

So, how do you build on your professional experience?

There are many ways of garnering this qualifying experience. One way is that you can either work under a supervisor over the years thus learn while on the job.

Better still, you can undertake a financial planning seminar.

How does this seminar help build your experience?

Attending one of these seminars helps you interact with industry leaders in the financial planning sector. These professionals help you to not only understand the industry better, but also learn some important practical skills that you can only acquire while on the field.

Therefore, from the seminars, you are able to compliment your apprenticeship time to build your qualifying experience.

There are General Discussions of Hot Issues that Concern CFPs Like You

As a financial advisor, it’s only natural that you have general burning questions and issues that you need solutions to. As it is the common case in most scenarios, most of your workmates will be having similar questions as you do.

This is where a helpful financial planning seminar comes in.

In most seminars, you will be provided with the opportunity to floor general questions that are not topic specific, but sensitive to the whole financial advisory sector.

One such seminar where you can get such kind of an opportunity is those provided by CPE Hours.

So how does it work?

For every seminar, the professionals take into account feedback from prior sessions. These are then used to create a list of hot-button issues that CFPs want to hear.

In the past, this has included topics such as Employee vs. Independent Contractor, Miscellaneous Income, and Related Party Income. With such a wide range of concepts, you may find you’ll get answers to questions you never even knew you had.

Closing: When was your last financial planning seminar?

If you’re struggling to remember, now is the time to book one.

As you have seen, attending financial planning seminars is the best way to keep up to date with the latest money management advice and information. The best thing about these seminars is that they are hosted in 5 states.

And by the way, by attending an in-person seminar, you’ll be sure to remember information more effectively

In case you don’t have the time or resources to attend in-person seminars, you can opt for live webinars online. With a wide range of topics to choose from, you can stay up to date from the comfort of your work or home computer.

Need more information about location, dates or topics? Contact us here!

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