Financial Services Review CE Exam: Vol. 34 No. 3

Self-study exam based on a thorough understanding of articles published in Volume 34, Issue 3 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:

1. Financial Education and Financial Health: The Mediating Role of Financial Knowledge

• H.66. Behavioral finance

• 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.

2. A Rose by Any Other Name: The impact of consumer perceptions of Buy Now Pay Later on BNPL use by young adults

• B.10. Financing strategies and debt management

• d. Review all types of client debt and provide recommendations on optimal management of debt within the context of the client’s overall financial plan.

3. Does the Form of Retirement Wealth Matter for Spending? Evidence from HRS/CAMS

• F.52. Retirement income and distribution strategies

• b. Explain the use of life insurance products in retirement plan portfolios.

4. Sequence-of-Returns Risk Revisited: Can Time-Series Foundation Models Detect Danger Zones?

• D.30 Quantitative investment concepts and measures of investment returns

• e. Apply forecasting, Monte Carlo simulation, bootstrapping, sensitivity analysis and stochastic modeling techniques to household portfolio management.

Competency Level: Foundational

FPA Competency: Critical Thinking

CFP Board Topic: Psychology of Financial Planning

CFP Board CE Credit Hours: 4