Gender Bias on the CFP® Exam?
By Jason Watt, CD, CLU
With FP Canada’s™ exams coming up at the end of November, we are just about to start our first set of exam prep classes. As anybody who has attended an exam prep class with me will attest, I put a lot of thought (maybe too much) into what causes students to pass or fail exams.
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Jason Watt at Financial Planning Week 2018
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Financial Planning Week 2019
Platinum Sponsor Update
25% off
Financial Planning Week Symposium(s)
Toronto - Nov 20th
Vancouver - Nov 22nd
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25% off when you register for the Symposium through BCC
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Did you know that if you are unable to attend the Ethics Breakfast in Toronto on November 20th, you can still take part?
Register for the Ethics Breakfast and attend via live webinar.
Conflict of Interest - Earn 1 CE Credit
(Executive Director, FP Canada Standards Council™)
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STARTED September 4th
Spring 2020
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Webinar
Nov 13, 14 & 23
Webinar II
Nov 8, 12 & 16
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Oct 08 & 09
Group Insurance Symposium
Edmonton
Apr 21 & 22, 2020
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Webinar
Oct 25,
Nov 1, 8, & 15
Spring 2020
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Webinar
Nov 25-28
Jan 13-16
Mar 2-5
Apr 27-30
Edmonton
Nov 4-7
Jan 27-30
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Discount Corner
Celebrate Thanksgiving, Fall & Halloween with
$20 off this month
Use code '
OCTOBER2019
' at checkout to receive your discount.
Coupon Valid Until October 31, 2019 AT 11:30PM MDT.
Valid with a minimum purchase of 2 months for basic subscriptions and any other products.
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E
pisode 1
:
C
apacity Concerns
September 2019
In this episode, Jason and his guests, Derek and Dawn, explore complex financial planning topics covering capacity concerns.
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E
pisode 3
:
Unconventional Solutions
September 2019
In this episode, Jason and his guests, Mitchell and Megan, explore some unusual solutions to unusual problems.
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Started
October 2019
In this episode, Jason and his guests, Mitchell and Garrett, will discuss some key practice management issues.
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Subscribe to get the latest episodes as they become available!
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We would like to extend a congratulations to all of our successful CFP® students who wrote their exam in June 2019!
This terms draw winners are Dixon, Edmond, Arif, Jonathan, Jill, Parker, Lukas & Ty! Each person chose a financial planning book from Jason's list of four. Great Job!!
Next exam is quickly approaching, so be sure to register for an exam prep to help you prepare for the November 2019 exams.
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Testimonial
“I just wanted to take a minute and thank you for putting together such an effective and well delivered CFP® course. It was laid out in a way that was extremely helpful in passing both the FPSC Level 1™ and CFP® exam on my first attempt. I have already recommended that several other advisors in my office pursue their designations through BCC and will continue to do so. I really appreciate all the effort you put into constructing and delivering this course!”
–
Jonathan Parpatt
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New Core Curriculum Available
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AVAILABLE OCTOBER 2019
This video series follows a successful small business from founding through sale to retirement, covering many of the issues that an advisor would work with the business owners on.
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Are you writing the FP Canada Level 1™ exam or CFP® exams in the last week of November?
The 90 Day Study Schedule (90 DSS) is a study tool developed by our instructor, Jason Watt, to help keep you focused on your studies. It runs through 89 topics to refresh your memory in the days leading up to the exam and provides a short 20-30 minute read for each topic.
This is a great way to touch back on ideas that you may have not visited for a while and identify the areas that require much deeper study.
You can find the 90 DSS here:
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LLQP Info Continued
Bob Watt, EPC
This is my opportunity to provide my comments about the last of the LLQP modules. This is the one that is not tested and is titled
Life Insurance Taxation Principles.
The danger here is that insurance agents will come away with the impression that they are qualified tax advisors. That is not the intent or the purpose of learning about taxation principles but rather this module makes it clear that if further tax advice is required the client should be directed to seek advice from a qualified tax professional. This does mean that there won’t be tax related questions on the LLQP exams. If there are any tax related questions they will be based on material found in each of the tested modules. Insurance agents need to realize that periodically the advice they give to a client may have some potential tax implications. As an example, the agent might be advising the client to cancel an existing cash value life insurance policy. The agent must advise the client that there will be tax implications when doing that. If the agent does not do that and the client gets a significant T5 slip from the insurer that could cause the client some concern. There are many other situations where the advice insurance agents give to clients has a tax impact on them. This module makes them aware of those areas. The best advice I would give a new agent who is just getting licensed is to consult the insurer of the company whose policy is being terminated or modified so that clients can be made aware of how they will be affected. In my 37 plus years in this business I have been privy to some horrendous situations where clients were not properly advised of how they are impacted. This has resulted in more than a few lawsuits and has even gone so far as to cost some agents their careers. The greatest value of this module is that it serves as exceptional resource material. The nice thing is that it is updated each year with the latest applicable tax numbers and data.
In our next issue I will summarize the 5 modules that make up the course and in the final issue for the year, I will talk about the changes that will be included in the 2020 version which will be the 6
th
Edition.
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Subscribe permanently to our
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to keep on top of industry updates as researched by our subject matter experts, Jason & Bob Watt.
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