Financial Services Review CE Exam: Vol. 33 No. 2

Self-study exam based on a thorough understanding of articles published in Volume 33, Issue 2 of Financial Services Review, the academic journal of the Academy of Financial Services. 

After reading and understanding the two articles required for this exam, the planner will understand:

A.3. Function, Purpose, and General Structure of Financial Institutions

B.10. Financial Strategies and Debt Management

 a. Analyze the various sources of borrowing available to a client and communicate the advantages and disadvantages of each for meeting a client’s financial goal.

 c. Explain appropriate housing financing strategies.

General Principles of Financial Planning

 b. Describe how a client's psychology, such as their financial comfort zone, socialization, money beliefs, and past financial experiences and behaviors impact their objectives, goals, understanding, decision making and actions.

D.30. Quantitative Investment Concepts and Measures of Investment Returns

f. Measure and interpret investment returns including after-tax return, holding period return, effective annual rate, annual percentage rate, time- and dollar- weighted returns, geometric and arithmetic returns.

D.35. Alternative investments and liquidity risk

a. Define and describe what qualifies as an alternative investment (e.g., cryptocurrency, precious metals, etc.).

i. Explain asset class and describe the basic differences between the traditional asset classes and alternative asset classes

Psychology of Financial Planning

 H.65.b. Explain how a client’s psychology, background, preferred learning style and values (socially conscious investor, etc.) impact the financial planning process.

Competency Level: Foundational

FPA Competency: Critical Thinking

CFP Board Topic: Psychology of Financial Planning

CFP Board CE Credit Hours: 4