Enhancing the professionalism of financial advisors in the best interests of the consumer

DESIGNATION PROGRAMS

Course Code 236

 

Law

Format: Self Study
CE Credits: 30
Pre-requisite: CFP® Core Curriculum;
CLU Advanced Taxation (235)
Study Hours: 45 hours
Price:
Member: $560.00*
Non-Member: $794.00*
* plus shipping and applicable taxes

This course was designed to provide financial advisors with practical information on the laws of the various Canadian jurisdictions (outside Quebec) 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.

Target Audience:

Financial advisors

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Learning Objectives:

Contract law

  • To describe the legal formalities that are required for the formation, maintenance and discharge of a contract

Laws affecting business structures

  • To examine the various business structures — including sole proprietorships, partnerships and corporations — that a client might consider for financial and estate planning

Family law and property ownership practices

  • To assess how family law issues and property ownership relate to and restrict wealth transfer and estate planning

Pension plan provisions affecting retirement and estate planning

  • To assess the implications to the client and his or her retirement planning goals of the provisions and limitations of pension plans

Law of trusts impacting financial planning initiatives

  • To examine the use of trusts to assist the client in developing wealth preservation and wealth transfer strategies

Wills, intestacy and powers of attorney

  • To explain the structure and formalities of a will, the benefits of the will, and the implications of intestacy;
  • To analyze the client's circumstances with respect to the potential benefits of a power of attorney and healthcare directive

Laws relating to charitable gifting strategies

  • To discuss the mandatory conditions for making donations to various charitable organizations

Bankruptcy and insolvency

  • To explain the implications of insolvency and bankruptcy for the client's financial affairs

Life insurance law

  • To evaluate the use of life insurance in financial and estate planning strategies while recognizing the consequences of the regulations relating to life insurance and related products

Delivery Methods:

Self-study:

The Law Course was designed as a self-study course with success highly dependent on the student's personal discipline. To increase study effectiveness, students should set up a study schedule. To maximize learning, students are encouraged to take full advantage of all the end-of-module self-test questions as well as the examples, glossary and definitions offered throughout the course.

After each module test, students are provided with feedback information on incorrect answers to help them understand and apply what they have learned in their own practice.

Instructor-led:

Advocis has partnered with a number of post-secondary institutions to offer this course in a classroom setting. Please click here for additional information on how to register for this program through one of our education partners.

Registration includes:

  • Printed study guide
  • Self-test questions
  • Access to help for course-related questions — online and fax
  • Access to the Advocis Learning Centre
  • 120-day window for completion
  • First exam attempt


Additional Materials:

Textbooks:

Legal Fundamentals for Insurance and Financial Advisors
Members: $74.95 *
Non-members: $99.95 *

* plus shipping and applicable taxes

Completion Requirements:

Passing mark is 60% overall.

Online evaluation:

  • Completion of four online module tests (40% of overall mark)
  • Final online exam (60% of overall mark)

 

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