OasisLMS

Understanding the risk environment

Risk management plays a critical role in the financial planning process. The personal financial planner is responsible for analyzing a client’s exposure to different types of risk and making reasoned recommendations about how best to respond to them.

Breaking down key risk management concepts

In this short course, you’ll learn how to effectively choose among the various methods of addressing risk to avoid a catastrophic loss and, through examples and practical guidance, gain knowledge of the following topics:

• The risk management process, with explanations of fundamental principles and key terms
• Needs analysis, to help you understand the triggers for protection from risk
• Insurance contracts, including their legal elements
• Closely held businesses and the unique risks their owners face

This CPE course can be purchased individually or as a part of the Fundamentals of Personal Financial Planning program.

Learning Outcomes

• Identify the steps in the risk management planning process.
• Recall the purpose of needs analysis.
• Recognize the unique financial planning needs for owners of closely held businesses.

Key Topics

• The risk management process
• Needs analysis and insurance contracts
• Risk management considerations for closely held businesses

Who Will Benefit

CPAs, financial planners, and qualified professionals with interest in personal financial planning