THE BAHAMAS INSTITUTEOF FINANCIAL SERVICES

Financial Planning and Wealth Management play a crucial role in the growth and development of our second most important industry; Financial Services.

 

This internationally accredited qualification ensures that financial planners and advisors understand the range of assets and investment products available in the local and international markets.

 

WHAT YOU WILL LEARN?

 

• Overview of Financial Planning: An overview of the purpose and importance of financial planning, its key components, and the role of a financial planner.

 

• Client Communication and Relationship Management: Skills related to effective communication, understanding clients' goals, and building strong client relationships.

 

• Time Value of Money: Understanding the concept of present value, future value, and how money's value changes over time.

 

• Budgeting and Cash Flow Management: Creating and managing personal and household budgets, tracking expenses, and understanding cash flow patterns.

 

• Investment Planning: Introduction to various investment types (stocks, bonds, mutual funds, real estate, etc.), risk and return assessment, portfolio diversification, and investment strategies.

 

• Estate Planning: Basics of creating a will, trust, and other estate planning tools, as well as addressing inheritance and estate taxes.

 

• Risk Management and Insurance: Identifying and managing financial risks through insurance (life, health, property, etc.) and understanding insurance policies.

 

• Debt Management: Strategies for managing and reducing debt, understanding interest rates, and making informed decisions about borrowing.

 

• Employee Benefits Planning: Understanding employee benefits like health insurance, retirement plans, and stock options.

 

• Ethical and Regulatory Considerations: Discussion of ethical responsibilities and regulatory requirements that financial planners must adhere to.

 

• Life Events Planning: Addressing financial implications of major life events such as marriage, divorce, birth, death, and disability.

 

• Case Studies and Practical Application: Analyzing real-world financial scenarios, creating comprehensive financial plans, and making informed recommendations.