The Great Cash-flow vs. Goal-based Financial Planning Debate
Determine what’s best for your clients with this CE-eligible session
In this 60-minute session we discuss how two different planning philosophies, cash-flow and goal-based, can each be used in the financial planning process. Featuring our partner Envestnet MoneyGuide, they will review the benefits and considerations of each approach and offer suggestions to help you make determinations about which will be most beneficial to your individual clients.
This is a can’t-miss event for anyone who’s found themselves—by choice or challenge—participating in “the great debate” and seeks tools to help them add value by building a better experience for their clients!
Principle Knowledge Topic: General Principles of Financial Planning
Identify opportunities and challenges related to a client’s cash inflows and outflows and make recommendations to assist the client in meeting their current needs and long-term financial goals.
Describe the personal financial planning process as defined by the Practice Standards for the Financial Planning Process (Section C- Code of Ethics and Standards of Conduct).
Calculate savings required to meet financial goals and recommend how to incorporate planned savings into the cash flow plan.
This webinar has been accepted by the CFP Board for 1 CFP CE credit. To receive CFP CE credit, you must meet the CFP attendance threshold of 50 min and provide your CFP ID during registration. This webinar will not be available for self study credit. Please note that watching the recording or on demand version of this webinar does not qualify for self study credit.
Jerry Varela, CFP®
Jerry is a CFP® professional and lead trainer at Envestnet MoneyGuide. He has been with the company for ten years. In his current role of lead trainer, he creates and delivers on-boarding and on-going trainings to customers. Prior to joining Envestnet | MoneyGuide, Jerry was a financial advisor specializing in military and federal markets. He received a Bachelor of Science in Business from Liberty University and currently resides in Glen Allen, VA with his wife and three children.
In his current role as a Lead Trainer, Tom is responsible for development and delivery of both live and virtual MoneyGuide Training sessions. Before holding the position of Lead Trainer, Tom was a member of the MoneyGuide Support Team. In this role, Tom provided technical support and helped ensure that all financial professionals using MoneyGuide were able to deliver high quality financial plans to their clients. Prior to joining Envestent, Tom worked at Wells Fargo and Edward Jones as a Banker and Financial Planner. Tom earned a BBA in Marketing from James Madison University and currently resides in Richmond, VA. In his spare time, Tom enjoys cycling, reading, playing guitar, and writing music.