Investment advisors who wish to meet the demand for tax-efficient income and effective wealth management as their clients transition from accumulation to spending, for wants and needs in retirement, will welcome the opportunity to study this leading-edge program. It is designed to provide structure and process for developing and monitoring tax-efficient retirement income plans featuring robust planning software.
Best practices are taught throughout the program to ensure the family’s whole financial picture follows a coordinated plan in collaboration with other professional financial advisors including tax practitioners, bookkeepers, accountants, lawyers and financial advisors with expertise with a broad selection of investment products. This program, therefore, enables the building of a multi-generational practice that tracks the whole client experience that is compliant with professional standards and regulation.
Master Financial Advisor:
This course of study, consisting of 6 courses, leads to an MFA™ (Master Financial Advisor) designation and is intended for financial professionals who may already have an existing designation or license, and are looking for a way to expand their practice with targeted training in topics important to client servicing and retention today: tax efficiency, investment planning and the lifecycle of Real Wealth Management – encompassing a holistic view of the client’s need for accumulation, growth, preservation and transition of wealth over time.
The financial crisis has caused a crisis of another kind for financial advisors: a loss of trust and credibility by millions of clients who are now looking for more qualified people to manage their succession and estate planning decisions. Differentiate yourself as the designated succession and estate planning specialist in your community and become a valuable resource to your clients as they develop succession plans for their businesses.
Master Financial Advisors understand family-owned enterprises throughout the lifecycle of the business—from start-up, to mid-term growth through to a successful transition to the next business owner. That insight requires a firm understanding of the financial statements and the T1 and T2 tax returns—a critical skill if you want to be precise about insurance and investment needs. This program is designed for the advisor who wants to build a reputation for excellence with small to medium sized firms by sharpening valuation, transition and tax knowledge.
Distinguished Financial Advisor - Specialist:
This program, consisting of 6 courses, leads to an DFA-Tax Services Specialist™ or DFA-Bookkeeping Services Specialist™ (Distinguished Financial Advisor) designation and is for advisors working in the tax and accounting field. The DFA-Specialist designation signifies completion of advanced training in tax preparation, tax planning, bookkeeping, payroll and managerial accounting services to individuals and business clients. Within this program there are two areas to specialize in:
The successful graduate will demonstrate competencies in T1 Tax preparation and planning as well as a basic understanding of T2 preparation for micro businesses:
- T1 Tax Preparation: For individual and family filers, low income credit filers, employees, pre- and post-retirees, disabled taxpayers, rental property owners, investors, proprietors including service and inventory-based businesses, professionals, partnerships, farmers, fishers and others, death of a taxpayer, cross-border taxation.
- T2 Tax Preparation: Specialists will be able to complete basic T2 returns for micro-businesses and small to medium sized businesses.
The successful graduate will demonstrate competencies in doing books for proprietorships and micro-businesses, using generally accepted accounting principles to:
- enter transactions into popular bookkeeping software programs;
- prepare and explain the results of financial statements;
- provide expert assistance in preparing government remittances, budgets, payroll; and
- prepare T-slip summaries for owner-managers and their staff.