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Financial advisors seeking the Certified Financial Planner
designation may already know they can earn this certification through the University of California, Irvine Extension.
But advisors who work or plan to work with high-net-worth
clients should note that UC Irvine Extension is offering a new online elective
course as part of its Personal Financial Planning Certificate Program. The
course, “Advanced Financial Planning Strategies for High-Net-Worth Clients,”
will be held online June 30–September 12.
The course will provide students with an understanding of
the latest high-net-worth planning devices, techniques, and strategies with an
emphasis on domestic and offshore asset protection strategies and application
to California
income, estate, and gift tax planning. It also will teach strategies and
techniques for the development of a formal financial planning presentation for
clients using advanced financial, tax, and estate planning topics.
“High-net-worth clients have an array of unique needs, which
financial planners must understand and be comfortable with in order to succeed,”
said Lori Munoz-Reiland, director of business, management, legal, information
technology, and corporate solutions for UC Irvine Extension. “This class
prepares students to excel in satisfying the specific demands of this type of
client.”
Course instructor Richard C. Watson III is the managing
partner of Torres & Watson, an independent financial advisory practice of
Ameriprise Financial. His planning experience includes advanced estate planning
and income taxation, particularly for clients subject to the alternative
minimum tax, and executive compensation and tax-aware investment management
issues.
“Since needs of high-net-worth clients are so unique, it is
important to identify specific financial planning tactics that will benefit
them the most,” said Watson. “Participants in this course will be armed with an
assortment of guiding principles to help them better serve high-net-worth
clients.”
After taking this new course, students will have a better
understanding of:
- Asset
protection considerations in financial planning
- Financial
and estate planning for restricted stock
- Financial
and estate planning for compensatory stock options
- Charitable
giving of works of art and other collectibles
- Valuation
freeze techniques—QPRTS, GRATs,
GRUTs, and intentionally defective grantor trusts
- Succession
planning for family businesses
- Business
entity valuation strategies—family limited partnerships/LLCs, valuation
considerations and the chapter 14 rules
- Generation-skipping
tax issues for high-net-worth clients
- Sophisticated
life insurance techniques
- International
tax and estate planning considerations in financial planning
UC Irvine Extenion’s Personal Financial Planning Certificate
Program is registered with the Certified Financial Planner Board of Standards,
Inc.
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