If you, like me, are considering taking all of these tests at some point, you may be curious about what subjects are covered on each and if there's any overlap.
Figured it would be nice to compile all this info in one place so here you go! *
PS - The CFA exam is not necessary for becoming a financial planner. I'm mostly taking it as a primer for the other two exams, and because I think the material looks interesting : )
CFA Investment Foundations Exam
- Microeconomics
- Macroeconomics
- Economics of International Trade
- Financial Statements
- Quantitative Concepts
- Debt Securities
- Equity Securities
- Derivatives
- Alternative Investments
- Structure of the Investment Industry
- Investment Vehicles
- The Functioning of Financial Markets
- Investors and Their Needs
- Investment Management
- Risk Management
- Performance Evaluation
- Investment Industry Documentation
Series 65 Exam
- Basic Economic Concepts
- Financial reports
- Accounting Fundamentals
- Time value of money concepts
- Financial ratios
- Types of Risk
- Insured deposits
- Money market instruments
- Fixed Income Securities
- Equity Securities
- Pooled Investments
- Derivative Securities
- Alternative Investments
- Insurance Based Products
- Investment real estate
- Commodities and precious metals
- Client Investment Recommendations and Strategies
- Capital Market Theory
- Portfolio Management Strategies
- Tax Considerations
- Retirement Plans
- Fiduciary issues
- Health-savings accounts
- Ownership and Estate Planning Techniques
- Trading Securities
- Portfolio Performance Measures
- Laws, Regulations, and Guidelines
CFP Exam
- Professional Conduct and Regulation
- General Principles of Financial Planning
- Financial planning process
- Financial statements
- Cash flow management
- Financing strategies
- Financing strategies
- Time value of money concepts and calculations
- Client and planner attitudes, values, biases and behavioral finance
- Principles of communication and counseling
- Debt management
- Education Planning and Financing
- Financial aid
- Education savings vehicles
- Gift/income tax strategies
- Risk Management and Insurance Planning
- Annuities
- Life insurance
- Investment Planning
- Characteristics, uses and taxation of investment vehicles
- Asset allocation and portfolio diversification
- Portfolio development and analysis
- Investment strategies
- Alternative investments
- Tax Planning
- Fundamental tax law
- Income tax fundamentals and calculations
- Alternative minimum tax
- Tax reduction/management techniques
- Tax consequences of property transactions
- Charitable/philanthropic contributions and deductions
- Retirement Savings and Income Planning
- Social Security and Medicare
- Distribution rules and taxation
- Types of retirement plans
- Estate Planning
- Characteristics and consequences of property titling
- Strategies to transfer property
- Gift and estate tax compliance and tax calculation
- Types, features, and taxation of trusts
- Marital deduction
- Intra-family and other business transfer techniques
- Postmortem estate planning techniques
- Estate planning for non-traditional relationships
*Note, I did a little bit of condensing so think of this guide as comprehensive, but not completely exhaustive. If you'd like to see the complete list of topics, check out the links below.
CFA - https://www.cfainstitute.org/programs/investment-foundations/curriculum/download
Series 65 - http://www.nasaa.org/wp-content/uploads/2016/02/Series-65-Test-Specs.pdf
CFP - https://www.cfp.net/become-a-cfp-professional/2015-job-task-analysis/2015-principal-knowledge-topics
Submitted November 11, 2018 at 02:40PM by nevertoolate1983 https://ift.tt/2QvqzMp
