Investment Monitoring and Updating

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Overview

2.0 Credits
ONLINE

During the monitoring and updating phase of the investment planning engagement, performance is measured, goal achievements are monitored, and actions and recommendations are updated. More complex than the implementation phase, the monitoring and updating phase has an increased number of variables that must be calculated, validated and tracked. This two-part course examines:

  • Measuring performance and goal achievement
  • Updating the Investment Policy Statement (IPS)
  • Portfolio rebalancing


This course reviews the AICPA personal financial planning standard, which states a personal financial planner may be engaged in tracking progress in achieving established PFP goals or revising an existing personal financial plan, or both. We will also look at the passage of time, which affects all areas of an IPS. Therefore, goals that were once necessary may be eliminated and new goals documented, based on an agreement with the client.

Objectives

  • Select the most appropriate recommendation in an investment updating and monitoring engagement, based on a specific set of facts and circumstances.
  • Identify the nominal rate of return for a bond.
  • Calculate the required taxable equivalent yield.
  • Identify the detailed assessment of a client's assets, liabilities and net worth.
  • Recall the benefits of a tactical allocation strategy.
  • Identify types of macroeconomic indicators.

Major Topics

  • Measuring performance and goal achievement
  • Updating the Investment Policy Statement (IPS)
  • Portfolio rebalancing

Designed For

CPAs and financial planners with basic knowledge of, and interest in, personal financial planning.

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