CLU^® Course Outline

CLU^® Course Outline

Pre-requisite Learning

Financial Planning Fundamentals – Course 231

This course introduces the fundamentals important to the discipline of financial planning. Students will acquire an understanding of the concepts and applications associated with financial calculations and the analysis of financial statements. The basic concepts of contracting and family law are covered followed by an analysis of government-sponsored benefit programs.

Module 1: Time Value of Money Fundamentals
Module 2: Financial Statements & Analysis
Module 3: Legal Fundamentals & Family Law
Module 4: Government Sponsored Benefit Programs

Members: $450 + GST/HST
Non-members: $525 + GST/HST

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Contemporary Practices in Financial Planning – Course 232

This course introduces students to basic income tax laws and moves into a more advanced understanding, as it relates to areas of financial planning. A review of the professional and ethical responsibilities associated with the role of a financial planner and an understanding of the structures and services within the financial industry are reviewed. Different forms of business structure are explored in depth, along with an understanding of trusts.

Module 5: Taxation – Level I
Module 6: Taxation – Level II
Module 7: Professional Standards & Financial Industry
Module 8: Organizational Structures

Members: $450 + GST/HST
Non-members: $525 + GST/HST

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Comprehensive Practices in Risk & Retirement Planning – Course 233

Designed to provide students with a comprehensive understanding of the principles and applications related to the concepts of managing risk and retirement planning, this course covers products, issues, and practices in the area of insurance and retirement. Included is an understanding of the risk management process along with the retirement planning process moving through the wealth accumulation phase into retirement.

Module 9: Risk Management – Fundamentals, P&C, Other
Module 10: Risk Management – Life & Disability Insurance
Module 11: Registered Pension Plans
Module 12: Registered Retirement Savings Plans
Module 13: Retirement Income & Other Compensation
Module 14: Retirement Planning

Members: $450 + GST/HST
Non-members: $525 + GST/HST

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Wealth Management and Estate Planning – Course 234

Students will review the basics of economics and investing along with an understanding of investment products. Investment planning and key areas of personal financial management are explored. The course concludes with estate planning fundamentals, concepts and applications.

Module 15: Economics & Investments - Fundamentals
Module 16: Investments - Products
Module 17: Investment Planning
Module 18: Financial Management
Module 19: Estate Planning Upon completion of courses 231-234 and a comprehensive exam covering the content of all four courses the student may apply to write the CFP exam.

Members: $450 + GST/HST
Non-members: $525 + GST/HST

	Note: Already met the educational requirements to write the Financial Planning Standards Council’s CFP® exam? Good news – you are exempt from courses 231 through 234!

CLU Designation Foundational Education Program

Advanced Taxation – Course 235

In addressing client needs and objectives, financial advisors must be aware of the impact that income tax regulations have on financial and estate planning. The Advanced Taxation Course provides important information on income tax rules and regulations that affect individuals, partners and company owners and financial advisors themselves.

Members: $560 + GST/HST
Non-members: $794 + GST/HST

Textbooks:
Tax Guide for Investment Advisors, John R. Mott, 2011 Edition
Price: $52.00

Canadian Taxation of Life Insurance, Gail Grobe, Florence Marino, Fifth Edition
Price: $104.00

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Law – Course 236

This course is designed to provide financial advisors with practical information on the laws of the various jurisdictions that affect their practice. The course provides examples of the operation of the law on financial advisors’ affairs and their relationship with clients and the financial service organizations with which they conduct business.

Members: $560 + GST/HST
Non-members: $794 + GST/HST

Textbooks:
Legal Fundamentals for Insurance and Financial Advisors
Members: $74.95 + GST/HST
Non-members: $99.95 + GST/HST

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Advanced Estate Planning – Course 237

This course is the culmination of all of the courses in the CLU program. As such, information presented draws upon the technical knowledge developed in the other courses. The emphasis in this course is on the application of the knowledge gained in the other courses and on the planning process rather than just technical details. The program is designed to assist financial advisors in identifying problems, gathering comprehensive data and planning integrated solutions, essential components in their clients’ financial and estate planning.

Course 237 is offered on a semester basis twice a year as follows:

Semester	Registration Deadline	Exam Date	Exam Times
Winter (January to May)	Feb. 1, 2012	May 29, 2012	British Columbia 9am - 12pm Alberta 10am - 1pm Manitoba 11 am - 2pm Ontario and Quebec 12pm - 3pm Atlantic 1pm – 4pm
Summer (June to October)	June 29, 2012	Oct. 22, 2012	TBD

Completion of this course involves the completion of two narrative assignments as well as a final exam.

Please note that the final exam in this course is a proctored paper exam for all candidates. The exam consists of questions requiring brief written responses, including questions that are based on one or more case studies. The exam is written once per semester.

Members: $650 + GST/HST
Non-members: $850 + GST/HST

Textbooks:
Wealth Planning Strategies for Canadians
Price: $60.00

Estate Planning with Life Insurance 4th Edition
Price: $59.95

Note:

Ongoing Designation Maintenance Requirements
Upon successful completion of the CLU program, students will be required to apply to the Institute for authorization to use the CLU designation. CLU advisors are required to re-apply annually for the continued right to use and maintain the CLU designation. The CLU designation is subject to an annual professional fee.

CFP Certification Exams

Students who have obtained their CLU designation may choose to write the FPSC’s Financial Planning Exam 1 (FPE1) under the FPSC’s Prior Credential Policy. Students who wish to obtain their CFP designation must complete an approved Capstone Course and pass the FPSC’s Financial Planning Exam 2 (FPE2).