With a Professional Financial Planning Certificate from the University of Utah you will fulfill the educational requirements to sit for the CFP Certification Examination. The CFP® Certification is one of the most recognized designations in the financial advising industry. Completing the education requirement is an important step toward the CFP® certification.
In this 18-credit program, you will learn a broad range of personal financial planning concepts in the areas of insurance and income tax planning, retirement and estate planning, and investment strategies. The curriculum is designed to prepare you for career success and follow guidelines established by Certified Financial Planner Board of Standards. This six-course program includes five online courses and one capstone course offered on-campus.
This certificate is offered in collaboration with the Department of Family and Consumer Studies with the College of Social and Behavioral Science. These collaborative non-credit certificates utilize existing for-credit classes and as such, have unique application requirements which are described in the information below.
Benefit from the University of Utah reputation for credibility and quality. Choosing the University of Utah for your certificate program makes a clear statement about your commitment to excellence.
This program prepares individuals for careers in the financial planning field. It is designed for:
A bachelor's degree is required to pursue this non-credit certificate. Those still needing a bachelor's degree should consider our undergraduate programs. More information about those programs can be found here: www.fcs.utah.edu
Upon successful completion of this certificate program, students should be able to:
This non-credit Financial Planning Certificate Program is a registered program with the Certified Financial Planner Board of Standards. The program meets specific criteria set forward by the CFP® Board for educating individuals who wish to fulfill the Education component for obtaining CFP® certification. Individuals who meet the CFP® Board's education requirement are eligible to sit for the CFP® Certification Examination. Successful completion of the Education and Examination components completes two of the four core prerequisites to obtain CFP® certification. The other two components are Experience and Ethics. CFP Board registration for this non-credit certificate in process and expected spring 2017. The for-credit certificate is currently registered and approved.
Certified Financial Planner Board of Standards Inc. owns the marks CFP®, CERTIFIED FINANCIAL PLANNER™, which it awards to individuals who successfully complete initial and ongoing certification requirements. The University of Utah does not certify individuals to use the CFP®, CERTIFIED FINANCIAL PLANNER™ and certification marks. CFP® certification is granted only by Certified Financial Planner Board of Standards Inc. to those persons who, in addition to completing an educational requirement such as this CFP Board-Registered Program, have met its ethics, experience, and examination requirements.
For more information regarding the CFP® certification process, please visit www.cfp.net
Credits – 18 credits / 6 courses
Format – online and on-campus. Five courses are online and one course, the Capstone Course, is held on campus, one night a week. The program is designed for working professionals in a primarily online format, allowing students to study when and where they want. Each course is held over one semester.
Program Start Options – fall, spring or summer semesters. Course availability varies each semester. Please check with the program advisor to explore your individual program of study options.
Class Schedule – online courses are conveniently available to students at any time. The Capstone Class is offered in an on-campus format one night a week. The Capstone Class is currently offered each summer semester with plans to expand this to additional semesters in the near future. Students must have completed all other courses to take the Capstone Class. Students are encouraged to complete the courses in sequential order as material builds on prior class information.
Average Time to Complete – for students taking 6 credits a semester, the program will take 16 months to complete on average. Some students may be able to complete the program in as little as 12 months. Students must complete the program within four years. There is no minimum or maximum number of credits a student must or can take per semester.
Accelerated Program Format – There is a 12 month accelerated program option available for students starting in the fall. Students take 9 credits during the fall semester, 6 credits in the spring, and 3 credits in the summer.
Prerequisites – There are no course prerequisites to begin the certificate program, however students are encouraged to have some background in math, finance or statistics to maximum learning opportunities. A bachelor's degree is required for admission into the certificate program.
Qualified certificate students will have a bachelor's degree from a regionally accredited university with at least a 2.5 cumulative GPA. This non-credit certificate program is not open to University of Utah matriculated (degree-seeking) students. Degree-seeking students wishing to complete the CFP education requirements should consult with the Financial Planning Program director or advisor through the following link: fcs.utah.edu/undergraduate/financial-planning
A certificate is awarded upon satisfactory completion of six required courses. After completing all requirements, students may request to receive their official certificate by completing the Request for Certificate form. All requirements must be completed within four years after the student starts his/her first course. Upon verified completion, the Financial Planning Certificate Program will appear on official University of Utah transcripts.
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The online Professional Certificate in Financial Planning is an 18-credit program of study with six required courses offered in a time frame comparable to a traditional semester schedule, with fixed start and end dates. Courses meet with for-credit sections.
This course will introduce students to the theory and practice of financial planning. Students will receive an overview of specific areas of financial planning such as income tax planning, investment planning, retirement planning and estate planning. In addition, the course will present topics on the concepts of time value of money, insurance planning, and the practice of personal financial planning by professional planners. Students may take the online or on-campus section of this course to complete the certificate.
This course introduces risk-return concepts, debt and equity securities, and options and futures contracts. The course uses a Portfolio Project to evaluate the array of financial instrument investment alternatives and their risk profile. Participants analyze expected return characteristics, individually and in combination within a portfolio. Different investment strategies and valuation models are used to understand basic investment principles and practices.
This course includes the comprehensive study of qualified and non-qualified retirement plans, other tax-advantaged plans, and employee benefits. In addition, this course will present an overview of the Social Security, disability and health care programs.
The application of income tax laws to the transactions of individuals and businesses is important in planning for the avoidance, minimization, and deferral of taxation. This course examines the federal income tax system with particular reference to the income taxation of individuals, sole proprietorships, partnerships, LLCs, and corporations (including S corporations).
This course will provide students with an introduction to estate planning and the taxation of estates for the purposes of financial planning. Topics covered by this course include the tax implications of gifts and bequests, federal estate tax, revocable and irrevocable trusts, including bypass and marital deduction trusts.
This course will cover and review in depth some of the different areas of financial planning necessary to complete a comprehensive financial plan for a client. During this course students will work individually and in groups to bring knowledge together from each of the relevant pre-requisite courses to evaluate case study situations representing samples of what may be encountered in the work place as a CFP Professional. Prerequisites: FCS 350, 551, 552, 553, 554 or instructor approval.
Two additional optional courses are available to students. Note that these courses are not required and do not contribute to fulfilling the certificate requirements.
This hybrid course will familiarize students with basic, integrated financial planning tools and software foundational to their completion of Financial Planning Capstone. Within the context of a basic case study, students will apply foundational time value of money calculations using a financial calculator, and will learn to formulate basic client recommendations through the application of integrated financial planning platforms common to financial planning practice.
Class sessions will be devoted to gaining knowledge and skills necessary to obtain IRS certification. The remainder of the semester will be devoted to putting the certification to work engaging in tax preparation and directing clients to other sources of help. Students can choose from a long list of VITA (volunteer income tax assistance) program sites to volunteer at in SLC, Davis, Utah, and Wasatch counties. 55 hours at the VITA site will be required.
Program Cost – non-credit tuition for each course is $700 / Full certificate cost is $4200
Tuition is due at the beginning of each course offering a convenient pay-as-you-go option. Textbooks are additional costs. Tuition listed is for the 2016-2017 academic year and subject to change without advance notice.
Online courses have an additional $60 per class fee.
Financial aid is not available for this non-credit certificate. Students are encouraged to inquire with their employers to determine if tuition assistance is available.
Tax credits and deductions may be available for higher education expenses.
For this certificate, installment plans and deferral payment plans are available for non-credit students. Visit the Tuition Payment Options page for more information.
This non-credit program meets specific criteria set forward by the CFP® Board to fulfill the education requirement to sit for the CFP® Certification Examination. Earning the CFP® certification demonstrates a standard of excellence for competent and ethical personal financial planning. Successful completion of the Education component completes one of the four core prerequisites to obtain the CFP® certification. The other three components are passing the CFP® Certification Examination, fulfilling the experience requirement, and adhering to the high standards of ethics.
For students who have completed CFP certificate classes previously in a for-credit format at the University of Utah, within the last five years, but who are not currently admitted, up to five 3 credit classes may be used towards the non-credit certificate. This does not apply to the capstone class, PEPEC 550 which must be completed at the end of the non-credit certificate. Satisfactory grade requirements must be met.
For students who have completed a certificate class at another CFP Board approved program, up to one 3 credit class may be transferred into the non-credit certificate. This does not apply to the capstone class, FCS PEPEC, which must be completed at the end of the University of Utah non-credit certificate. Minimum grade requirements must be met.
Certificate classes are graded with a "satisfactory" or "unsatisfactory" option. For successful certificate completion, students must achieve a "satisfactory" grade in all classes.
This certificate is non-credit and can not be applied to any for-credit degree.
For a three credit hour class, each student is expected to spend approximately six hours per week outside the classroom.
The online courses in this certificate are asynchronous – meaning you don't have to attend online classes at a specific time. Our students use a combination of self-study and peer-to-peer interaction over an online learning network to facilitate instruction. You'll complete weekly assignments, readings, discussions, and occasional group work, as well as exams and other activities designed to enhance learning outcomes, all at times that are most convenient to you.
Using chat, video conferencing, phone calls, email, social media, bulletin boards, and more, you'll stay connected with fellow students and faculty, building personal networks along the way.
Your courses are developed by faculty and instructional designers who understand the specific needs of learners in an online environment. Special consideration is given to advance planning and setting expectations in the online classroom, so each curriculum is outlined in a syllabus distributed at the start of the course. This document provides an overview of the course assignments, grading strategy, student and faculty expectations, and course materials, as well as an understanding of the course goals and learning outcomes.
For maximum learning outcomes, it's recommended that students proceed through the courses in a sequential manner from PEPEC 350 to PEPEC 550. On a case by case basis, there may be approved variations from this sequencing and the program staff is open to working with students to determine a program-of-study that fits their work and academic experience, goals and schedule constraints.
There are no minimums or maximum number of credits restrictions for students. Students skipping one or more semesters are encouraged to communicate with their program advisor regarding completion plans.
The capstone course is a unique on-campus experience that will integrate knowledge gained in previous courses to evaluate case studies and complete projects both individually and in teams. Guest speakers and interaction with current CFP professionals bring real-world situations and experiences to this valuable course. Due to the in-person interaction with fellow students, professors and guest speakers, this class provides a valuable opportunity to continue to build a professional network.
Students, who are not well versed with financial planning technology, are strongly encouraged to take the one-credit FCS 596 Technology for Financial Planning (Su) before taking the Capstone course.
Once admitted, students are responsible for enrolling in individual classes on their own through Continuing Education. They may consult with the FCS academic advisor or Professional Education staff if they have questions about which classes to take and approved programs-of-study.
There are numerous career opportunities and resources available for CFP professionals. For more information about how to pursue a career in financial planning, please visit the CFP Board career development website at www.cfp.net/career-center/resources-for-job-seekers.
Students pursuing a certificate are considered "non-degree seeking," a status that is not eligible for federal student aid loan programs.
The full University of Utah class schedule can be found here: www.utah.edu/students/catalog.php
Certificate classes meet with for-credit sections. All classes are offered at least once a year but to ensure an efficient program-of-study, careful pre-planning with your advisor is recommended. PEPEC 350 - Consumer and Family Finance is offered fall, spring and summer semesters.
A financial calculator, such as an HP 12C, is required for PEPEC 350 and recommended for other FCS courses.
The following information is required on the application:
Please have all information available when you are ready to start the application. Once the application is started, there is no option to save and return. Uploading of documents for short-answer responses is not available. Please be prepared to enter directly or paste from another document.
There is no fee to apply.
Qualified certificate students will have a bachelor's degree from a regionally accredited university with at least a 2.5 cumulative GPA. This certificate is open to all majors. If you have questions about your undergraduate university being regionally accredited, please visit https://en.wikipedia.org/wiki/Regional_accreditation or e-mail us at firstname.lastname@example.org.
This non-credit certificate program is not open to University of Utah matriculated (degree-seeking) students. Degree-seeking students wishing to complete the CFP education requirements should consult with the Financial Planning Emphasis Director or program advisor.
Applicants can expect to receive information about their application within 14 days of submission.
Applications are accepted on an ongoing basis. For planning purposes, applicants are encouraged to submit their application at least one month prior to the intended start date.
Find information about the University of Utah academic calendar here: registrar.utah.edu/academic-calendars.
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