How To Conduct A Financial Needs Analysis From Debt To Wealth

Welcome to myCPE

Reviewed

January, 2024

Learning Objectives

To analyze how to implement an introductory plan to help establish trust and rapport.
To create and implement a plan based on objectives as well as measurements of success.
To discover the client’s unplanned and planned income and expenses.
To analyze how to conduct a financial needs analysis from debt to wealth.

Course Description

This course is valid up to October 22th, 2024 for CDFA Professionals. It is advisable to complete this course before that to process the credit on time.

Many producers conduct fact finders or financial needs analyses as they meet new consumers – but do they conduct them well?

Financial analysis is meant to review substantial debt and equity ratios and become the epitome of financial improvement. The concept here is to implement strategies that enable you to become a trusting financial specialist so that clients do not withhold information to help you produce the best plan possible.

A qualified financial planner carries out a needs analysis to determine the current state of your finances and your future financial needs. A needs analysis ensures that you are not sold any particular financial product without an overall assessment of your finances and existing financial position. For example, in the past, a salesperson would have been able to sell you a life insurance policy without assessing your affordability and existing policies. The legislation now requires financial service providers to do a financial need analysis for every client. In this CE finance webinar, the benefit to the client is that after a needs analysis, you will have a holistic view of your finances and will be able to make an informed decision.

In this CPE webinar speaker, Drew Stevens will explain how to conduct a financial needs analysis from debt to wealth.

Major topics covered in this course:

What is A Financial Analysis
How Does Analysis Help The Client
Questions A Client Should Answer
Easy Methods for Income
Easy Methods for Assets and Liabilities

You might be interested in the Certification course on Financial Data Analytics

Overview

What is a Financial Analysis

7 mins
How does analysis help the client

11 mins
General rule of thumb to begin

18 mins
What should the client bring

31 mins
Easy methods for assets and liabilities

48 mins

Webinar Qualifies For

1 CPE Credit of Finance for Certified Public Accountants (CPA-US)
1 General Credit of Finance for Accountant/Bookkeeper/Tax Professionals
1 CPD Credit of Finance for CPA in Canada
1 CPD Credit of Personal Financial Planning for Personal Financial Specialist (PFS)
1 PL Credit of Finance for Chartered Financial Analyst (CFA)
1 CPD Credit for Association of Chartered Certified Accountants (ACCA)
1 CE Credit of Financial Planning for Chartered Financial Consultant (ChFC)
1 CPD Credit for Chartered Accountant - ICAEW
1 CE Credit of Financial Planning for Certified Divorce Financial Analyst (CDFA)
1 CE Credit of Financial Planning for Certified Wealth Strategist (CWS)
1 CE Credit of Financial Planning for Retirement Income Certified Professional (RICP)
1 CE Credit of Financial Planning for Certified Fiduciary and Investment Risk Specialist (CFIRS)
1 CE Credit of Financial Planning for Financial Services Certified Professional (FSCP)
1 CE Credit of Financial Planning for Wealth Management Certified Professional (WMCP)
1 CE Credit of Financial Planning for Chartered Advisor in Senior Living (CASL)
1 CPD Credit for Chartered Accountants - Scotland
1 CPE Credit of Finance for Iowa Licensed Public Accountant (IA-LPA)
1 CPD Credit for Chartered Accountants - Ireland (CAI)
1 CPD Credit for CPA - Ireland
1 PL Credit of Finance for CIPM
1 CPE Credit of Finance for Maine Licensed Public Accountant (ME-LPA)
1 CE Credit of Financial Planning for Chartered Special Needs Consultant (ChSNC)
1 CPE Credit of Finance for Delaware Licensed Public Accountant (DE-LPA)

About Instructor

Drew Stevens

CEO and Leadership Change Expert, Stevens Performance

Dr. Drew Stevens founder of Wisdom to Wealth, works with individuals that grapple with finances and transforms them into wealthy professionals with the liquidity and lifestyle they desire to live with profound longevity to create a legacy. He specializes in coordinating Social Security and retirement income benefits. Drew holds the industry's most prestigious designation: NSSA© - National Social Security Advisor.

Additional Information

Duration

1 Hour

Course Level

Basic

Instructional Method

QAS Self Study

Pre-requisites

None

Advance Preparation

None

FAQ’s

Click Here to View

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Ratings and Review

4.4

Excellent

Very Good

Average

Poor

Terrible

Owen Mccafferty, CPA (US)

I rate this course for application to a wide-ranging audience. For CPA's I would not recommend this presentation. The course is best suited for those in insurance, banking, stock brokerage, and personal budgeting consultation. The speaker was excellent in development of thought and delivery. The topic was not at a level that would warrant a CPA's investment of time.

Marissa Roh, CPA (US), Others

I thought the content was excellent and the presenter did a great job of being engaging and giving valuable information we can use with future clients.

Julian Conner, IA LPA

Very interesting to learn that financial planning is really a holistic look at a persons finances.

Dan Gibson, CPA (US), EA

Well done presentation.

Katherine Lewis, CPA (US)

Great content!

1 Credit

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Subject Area

Finance

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How To Conduct A Financial Needs Analysis From Debt To Wealth

Course Details

Learning Objectives

Course Description

Overview

Qualifies for

Webinar Qualifies For

Presenter Details

About Instructor

Drew Stevens

Other Details

Additional Information

1 Hour

Basic

QAS Self Study

None

None

FAQ’s

NASBA APPROVED

Ratings and Review

4.4

Owen Mccafferty, CPA (US)

Marissa Roh, CPA (US), Others

Julian Conner, IA LPA

Dan Gibson, CPA (US), EA

Katherine Lewis, CPA (US)

Subject Area

Unlimited Access Plan

Inclusions

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