Read CCM Cheatsheet with exam questions to pass your exam
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Exam Code: CCM Practice exam 2023 by Killexams.com team CCM Certified Case Manager (CCM) Test Detail:
The Certified Case Manager (CCM) exam is designed for professionals working in the field of case management within the financial industry. This certification validates the individual's knowledge and expertise in managing financial cases, including assessing client needs, developing case plans, and coordinating services to meet client goals.
The course for the Certified Case Manager (CCM) certification covers a range of courses related to financial case management. The following is a general outline of the key areas covered:
1. Introduction to Financial Case Management:
- Overview of the role and responsibilities of a financial case manager.
- Understanding the importance of case management in the financial industry.
- Ethical considerations in financial case management.
3. Financial Resource Coordination:
- Identifying and accessing available financial resources.
- Coordinating financial services and programs.
- Advocating for clients' financial needs.
4. Financial Counseling and Education:
- Providing financial counseling and guidance.
- Educating clients on financial literacy and money management.
- Assisting clients in making informed financial decisions.
5. Case Documentation and Evaluation:
- Maintaining accurate and complete case records.
- Monitoring client progress and outcomes.
- Evaluating the effectiveness of financial case management interventions.
The CCM exam assesses the candidate's proficiency in the following areas:
1. Financial Case Management Principles:
- Understanding the role and responsibilities of a financial case manager.
- Knowledge of ethical considerations in financial case management.
2. Financial Assessment and Planning:
- Ability to conduct comprehensive financial assessments.
- Knowledge of developing individualized financial plans.
3. Financial Resource Coordination:
- Knowledge of available financial resources.
- Ability to coordinate financial services and programs.
4. Financial Counseling and Education:
- Proficiency in providing financial counseling and guidance.
- Knowledge of financial literacy and money management education.
5. Case Documentation and Evaluation:
- Ability to maintain accurate case records.
- Understanding of monitoring client progress and evaluating outcomes.
The CCM exam syllabus provides a detailed breakdown of the courses covered in the exam. It may include specific knowledge areas, skills, and tasks that candidates are expected to demonstrate proficiency in. The syllabus may cover the following areas:
- Financial case management principles and practices
- Financial assessment and planning techniques
- Financial resource coordination strategies
- Financial counseling and education approaches
- Case documentation and evaluation methods Certified Case Manager (CCM) Financial Certified exam format Killexams : Financial Certified exam format - BingNews
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https://killexams.com/exam_list/FinancialKillexams : Best CFP exam Prep Courses of 2023
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A Certified Financial Planner (CFP) is a professional designation for the financial planning profession. Financial planners can earn the CFP designation after completing the CFP Board's education, exam, experience, and ethics requirements.
One of the more challenging steps in the process, the CFP exam, is a pass-or-fail test. You may register for the CFP exam after meeting the CFP Board's education requirements. Once you pass the exam, you will be one step closer to becoming a CFP professional, one of the most elite financial planning designations.
To create our list of the best CFP exam prep courses, we compared each program's features, including reputation, cost, guarantees, course materials, in-person classes, special features, and more. These are the best CFP exam prep courses for aspiring CFP professionals.
Wed, 07 Jun 2023 23:28:00 -0500entext/htmlhttps://www.investopedia.com/best-cfp-exam-prep-courses-5094913Killexams : What is a Certified Financial Planner (CFP) and what do they do?
A Certified Financial Planner (CFP) is a trade-industry designation for advisors and other professionals in the financial field.
CFPs must have a certain amount of experience, pass a rigorous exam, and commit to ongoing financial education.
CFPs advise their clients on courses like retirement, investments, tax planning, and risk management.
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Working with a Certified Financial Planner (CFP) can often be a good idea if you're in the market for financial guidance. A CFP is one of the most experienced and knowledgeable financial advisors you'll find. They are held to a strict code of ethics and professional standards that have to be continually maintained. CFPs offer their clients a very specific level of expertise.
Here is a closer look at what CFPs do and what you need to know before working with one.
What is a CFP?
A CFP is a financial professional who has completed all requirements to earn certification from The Certified Financial Planner Board of Standards, Inc. (CFP Board). This encompasses years of education in 72 financial specialties, thousands of hours of practical experience, and ongoing adherence to high ethical standards and certification requirements.
CFPs are usually fiduciaries. "A fiduciary is a legal and ethical standard that requires financial advisors to act in their clients' best interest at all times," says Chloe Wohlforth, CFP and partner at Angeles Wealth Management.
This means CFPs are bound to always deliver advice that is in the best interest of their clients. They also take a holistic approach to financial planning, looking at both long-term and short-term goals.
"Establishing goals will help you keep on track for financial success by holding you accountable," explains Jordan Gilberti, CFP and senior lead planner at Facet. "It serves as a way to measure progress, tweak the plan as needed, and curb spending toward aspects that we may not prioritize as much as reaching our goals."
The cost of working with a CFP can vary greatly depending on what services they offer, how much experience they have, whether they work as part of a firm or as an independent advisor, etc. Because CFPs have a fiduciary responsibility to their clients, they often use a fee-only model for compensation. That means they don't accept commission for products they sell or recommend and charge the client directly for their services. This could be through a retainer, a percentage of earnings, or some other arrangement that is agreed upon by both parties.
What is financial planning?
Financial planning is what it sounds like: making a plan to reach your financial goals over time.
"The purpose of a financial plan is to achieve personal and professional goals through strategic allocation of resources, management risks, enabling us to live our lives to the fullest," says Gilberti.
Because everyone's goals and resources are different, financial planners can help people use tools like retirement accounts and investments strategically to achieve what they want in the long term.
"The critical step to make sure a financial plan is successful is to make sure that the data going into the plan is accurate," says Wohlforth. "Taking time to identify what expenses truly look like today and then think how those numbers might change in the future is key to the validity of the plan and therefore its successes in keeping clients on course."
You don't have to hire a CFP or another type of financial advisor to make a financial plan, but their expertise means they have a full picture of the tools at your disposal and the smartest way to use them. Some people also like working with a financial planner for sheer accountability. Sure, you could create your own financial plan — but will you?
What does a Certified Financial Planner do?
CFPs work with individual clients in any number of areas related to personal finance advising and planning. To earn their certification, CFPs have to:
Complete extensive coursework in financial planning specialties
Pass a six-hour exam that tests them in eight core courses they are likely to come across in real-life planning situations
Complete at least three years of financial planning work with genuine clients
Comply with the CFP Board's Code of Ethics and Standards of Conduct
CFPs may be sole practitioners who solely provide financial planning services, wealth management advice, analysis, or investment and portfolio management. Some are credentialed professionals in a field related to financial planning who choose to earn CFP certification to add to their main practice. You'll often find CPAs, attorneys, insurance agents, and other legal, financial, or business professionals with CFP certification.
"Often questionnaires are sent to gather information and software is used for data aggregation and analysis. That said, every financial plan must start with a conversation, and then what the output looks like will carry from client to client depending on what type of information is most useful to them," says Wohlforth.
A CFP may provide one or more services related to any of the specialty areas they've studied. Some of these include saving for retirement or college, creating a trust or fund for charitable giving, helping develop financial plans to attain a short-term goal, guiding your investment strategies, assessing risks to your wealth, and other specialties they choose to focus on.
Specifically, all CFPs have experience with each of the following:
Professional conduct and regulation: Consumer protection laws, fiduciary responsibilities, ethical obligations, how financial institutions work, and what regulations govern them
General principles of financial planning: The process of financial planning, cash flow management, working with financial statements, debt management, financial counseling, financing strategies, money concepts and calculations, financial values, attitudes, biases, and behaviors
Education planning: Analyzing needs, savings options, how financial aid works, strategies around gifts and income tax, and vehicles for financing education
Risk management and insurance planning: Risk and insurance principles, analysis, and evaluation; health, disability, long-term, life, property, and casualty insurance; annuities; and business insurance needs
Investment planning: Risk evaluation, investment concepts and measures of returns, asset allocation, portfolio development, diversification, and analysis, tax issues related to investments, valuation of stocks and bonds, and investment strategies (including alternative investments)
Tax planning: Basics of tax law and calculations, how taxes apply to businesses, trusts, property transactions, and estates, how to reduce and manage liabilities, and how to manage charitable giving
Retirement savings and income planning: Analyzing retirement needs and advising the best plans for clients, how entitlement programs impact retirement needs, regulatory and distribution considerations, selecting the right plan for a business, and planning to pass a business on
Estate planning: Tax implications and strategies for transferring property, estate liquidity and taxation, business transfers, how laws and regulations apply to marriages and non-traditional relationships, and trusts
CFP vs. CFA
In your search to find a financial advisor or planner, you will certainly come across many CFPs. You may also find financial pros who are Chartered Financial Analysts (CFAs). This is a certification similar to what CFPs earn. However, the CFA program focuses only on investment analysis, where CFPs have a much broader scope of experience.
CFP vs. Financial planner
Financial planners are financial experts who take your whole financial life into consideration when developing a financial plan and strategies for long-term and short-term goals. They often offer services for tax planning, retirement plans, budgeting, investment guidance, insurance, and more.
Regular financial planners aren't regulated by the CFP Board of Standards and don't have the same ethical and legal obligations that Certified Financial Planners do. In fact, financial planners don't technically need to be licensed to provide finanical planning services. Unlicensed planners must then work with other licensed advisors or consultants to coordinate specific transactions.
CFPs, on the other hand, offer the same services as financial planners, but they also have the accreditation and ethical obligations to act in their client's best interest. If you want to ensure you're receiving the best advice, a CFP is the way to go.
If you're mainly focused on investment strategies and portfolio advice, a financial advisor may be a better fit.
"Investing can be a good way to grow wealth over the long term, and offers the potential for higher returns compared to a typical checking or savings account," says Gilberti. "It is important to consult with a CFP professional to ensure you are choosing investments that reflect your time horizon and risk tolerance."
How to find a CFP
One of the easiest ways to find a CFP in your area is to search on LetsMakeAPlan.org, which is the Certified Financial Planner Board of Standards' consumer site. There, you can input your location, the radius you'd like to search, and the planning services you're looking for. If you already know the name of a CFP and would like to find more information about them, you can search for their last name, as well.
Search results will show an address, map, year of certification and their current certificate (if applicable), planning services offered, languages spoken, and any disclosures, disciplinary actions, or bankruptcies involving an individual CFP. If you want to verify the credentials of someone who says they are a CFP, you can do so at CFP.net.
Once you find a CFP you might want to work with, plan on interviewing them to see if they are a good fit for your needs. Consider asking about:
Education and credentials
Specific services offered and their experience in these areas
Their approach/philosophy when it comes to financial planning
What types of clients they usually work with
Fee structure and fiduciary responsibilities; does commission play any role in their business?
Who will be working on your account and personally with you
Any disciplinary or legal actions associated with the CFP or their firm
Remember, a CFP works for you and you need to feel comfortable with them. Don't feel like you have to hire any one person over another. Go with whoever has the best qualifications to help achieve your goals and the right chemistry to build a long-term professional relationship.
CFP frequently asked questions (FAQs)
A Certified Financial Planner is a professional who has completed all requirements to earn certification from the CFP Board. A CFP can be an expert in one or more fields like retirement, college savings, financial planning, investing, wealth management, and more.
You may need a financial planner if you're struggling to create a financial plan, don't know how to reach your financial goals, or are having trouble managing your money. Financial planners are great resources and can help with a wide range of courses including savings, wealth management, and investing.
How much a financial planner costs varies for each individual planner. It also changes based on how they charge. Some financial planners earn commissions, while others are fee-only. Fee-only means they may charge a flat fee, hourly fee, or a percentage of the total assets they are managing for you. For example, it may cost anywhere from $100 to $300 an hour, or $1,000 to $3,000 a year.
A financial planner helps clients with budgeting, financial planning, purchasing insurance, and reaching long-term and short-term financial goals. Financial advisors, on the other hand, often focus on helping clients reach investing goals, managing portfolios, and wealth-building strategies.
The best way to find a financial planner is by searching online for one in your area. If you want to find a CFP, you can visit the Certified Financial Planner Board of Standards' consumer site, LetsMakeAPlan.org. You can also verify a CFP's credentials with CFP.net.
Should you hire a certified financial advisor?
If you're in the market for someone to help you with just about anything related to your financial health or future, looking into CFPs in your area might be a good place to start. These professionals are held to a very high standard of education, ethics, and experience that is ongoing to maintain certification. This may provide you some reassurance that your finances are in good hands.
That doesn't mean financial planners who are not CFPs are any less qualified to meet your needs. It all comes down to what you want to get out of your relationship with your financial guide and what kind of experience you feel they should have. This is a very personal decision that only you can make. Remember that CFP certification is only one tool to use in researching financial professionals — not the only one.
Wed, 02 Aug 2023 12:00:00 -0500en-UStext/htmlhttps://www.businessinsider.com/personal-finance/cfpKillexams : Licenses and Certification
Contact: Controller's Office, (205) 996-1277
Individual Professional Licenses
UAB may pay a UAB employee's annual professional license fee with documentation that all three of the following conditions are met:
there is a legitimate UAB business purpose for the expenditure;
the official UAB job description maintained by UAB Humans Resources Management requires that individuals holding that UAB job classification maintain that specific type of professional license; and
the official practice of that major UAB unit (school, Hospital, or executive level) is to pay that annual professional license for all individuals in that major unit in that official UAB job classification
However, if all three of these conditions are not met, then the cost must be treated as a personal expense.
Each major unit of UAB (school, Hospital, or executive level) should review their professional license policy annually, and contact the Controller's Office to request changes. Upon approval of each revised policy, the Executive Director of Accounting will notify the fiscal officer and update the official list of approved individual professional licenses on the web.
Professional licenses should be charged to Oracle Object Code 8705031 "Licenses."
Individual Intern/Resident Professional Licenses
In those instances where a UAB Intern/Resident (Assignment Category 07) requires a professional license beyond the basic license to practice or perform services requires as part of their official training program, UAB may pay both the initial and annual professional license fee provided that the official practice of the school/unit providing the training program is to pay the fee for all Interns or Residents in that training program.
Even though UAB will fund the cost of maintaining a professional license once the minimum qualification is met (but only under the conditions stated above), an employee's costs of becoming certified are treated as personal expenses; that is, UAB will not pay the costs of preparing for a licensing certification exam, the exam fee itself, travel associated with taking the exam, etc.
UAB Business Licenses
Because UAB is a governmental entity of the State of Alabama, it is exempt from the business license requirements of the City of Birmingham, Jefferson County, and the State of Alabama. This applies to any revenue-generating activity of any organizational unit of UAB, but only if those revenues are appropriately included in UAB's audited financial statements as UAB revenues. Therefore, business license fees should not be paid by UAB.
Mon, 31 Jul 2023 12:00:00 -0500en-UStext/htmlhttps://www.uab.edu/financialaffairs/policies/licenses-and-certificationKillexams : CFP exam pass rate highest in 8 years but which states saw the most takers?
Almost seven in ten of the 2,926 candidates who took the CFP Certification exam in July passed.
The CFP Board stats show that the 67% pass rate was the highest since July 2015 (70%), although the exam blueprint has been updated twice since, in March 2016 and March 2022.
Ten states accounted for more than half (1,562) of those taking the exam last month – California, Texas, Pennsylvania, Florida, Illinois, New York, North Carolina, Colorado, Ohio and Massachusetts – although the individual states’ pass rates is not reported.
Asked after the exam why they wanted to gain CFP Certification, 41% said to demonstrate experience on the job (41%), and 25% said to distinguish themselves as a fiduciary.
Firms showed strong support for their candidates with 77% of exam takers saying they had received some financial support from their employer during the examination process.
“As CFP Board continues to foster growth in the financial planning profession, we are committed to providing access to the tools CFP® certification candidates need to prepare for the exam,” said CFP Board CEO Kevin R. Keller, CAE. “Congratulations to candidates from across the country for passing this rigorous exam.”
Prepping for the exam
Exam takers from last month’s round were asked how they prepared for the examination.
The top answers included:
CFP Board Practice exam 1
the exam Candidate Handbook
the Candidate Preparation Toolkit.
Other resources used included CFP Board supplementary resources and guidance documents, the CFP Board Candidate Forum and webinars.
Wed, 16 Aug 2023 22:31:00 -0500en-UStext/htmlhttps://www.investmentnews.com/cfp-exam-pass-rate-highest-in-8-years-but-which-states-saw-the-most-takers-241155Killexams : Financial Adviser 2B: How to approach exam resits
Level 4 exam success – or failure – is a big syllabu of conversation on LinkedIn among those at the start of their careers in advice.
Many people proudly display images of their exam certificates within posts that recall the blood, sweat and tears involved in obtaining those passes.
Some posts are particularly triumphant because success only came after one or two failed previous attempts. The message conveyed is inspirational – ‘FAIL is a First Attempt at Learning’ or ‘failing is not trying again’.
Accepting we are fallible and forgiving ourselves for not performing perfectly is a better approach for mental health
But dusting yourself down after failure and having another go does not always come easily. Candidates need to be mentally prepared to resit an exam and will want to avoid making the same mistakes again. So, what should they do to boost their chances of a successful resit?
Frame of mind
It may be tempting to beat yourself up for failing an exam and dwell on the could haves, should haves and would haves but this kind of negative thinking is unhelpful.
Writing for the British Psychological Society’s website, BPS Research Direct staff writer Emma Young points out that when dealing with failure it is important to be kind to yourself.
Referencing the work of Kristin Neff – a professor of educational psychology at the University of Texas – Young says those who show self-compassion after exam failure ‘go on to study harder for future exams’.
Reflect on the causes of these errors. Were they due to a knowledge gap or time management?
Accepting that we are fallible and forgiving ourselves for not performing perfectly in an exam situation is a better approach for mental health.
Wasim Mehmood, wealth planner at Kingswood Group, agrees it is important not to be hard on yourself.
“Whether you’ve passed or not, you have likely put the hard graft in to cover the syllabus and chunky textbook,” he says. “The days building up to the exam and the exam itself can often be intensive and you’ll likely be well overdue a break, so take some time off. You’re going to have the best chance of learning effectively with a fresh and well rested mind.”
Having a balanced study timetable is also important in terms of maintaining health and performing well in the exam.
Allocate time for studying, rest and personal interests to foster personal development and holistic wellbeing
“Studies show taking breaks during study can Boost focus and productivity,” says Sam Kunda, co-founder and managing partner of business consultancy Change Frontier. “Allocate time for studying, rest and personal interests to foster personal development and holistic wellbeing.”
Preparing for a resit is not only about being in the right frame of mind and taking care of yourself – it also involves practical steps, such as refining revision strategies.
Kunda suggests adopting the “3R” methodology – review, reflect and revise. This starts with reviewing your results to see where you lost marks.
Exam boards such as the Chartered Insurance Institute do not provide exam papers back but candidates can see how many marks they got for each learning objective and build a picture of where they lost marks that way.
“Reflect on the causes of these errors. Were they due to a knowledge gap or time management?” says Kunda. “Then revise the areas that need improvement. Studies show that repetition and exposure to the same information Boost long-term memory retention.”
Kunda also suggests joining study groups, as research by the University of British Columbia showed people who studied in groups performed better in exams.
People who fail written exam papers often debate whether it is worth paying to get them remarked rather than booking a resit
Many commentators say doing plenty of practice papers makes a big difference between passing and failing professional exams but even this is not a panacea.
“It’s easy to get into the habit of doing multiple practice papers and going over the ones you got wrong, but after a while you may find you’ve learnt them by memory and you’re not really learning anything,” says Mehmood.
Instead, he suggests looking at the learning objectives set down in the syllabus and revisiting those sections in the textbooks, e-learning and knowledge checkers.
Remarking and feedback
People who fail written exam papers often debate whether it is worth paying to get them remarked rather than booking a resit.
“This might be worthwhile if you were within a mark or two of a pass and it can be especially helpful because you will get feedback from the examiner on where you lost marks, as well as areas you missed,” says Mehmood.
Even if the remark still results in a fail, the feedback you are given can create the basis of revision for the resit.
“Also be aware of how you learn best, whether that’s with textbooks, audiobooks or e-learning – there’s many ways to learn the content,” says Mehmood.
“Some can simply read a textbook and absorb, but we’re all different and recognising the process that works best for you will help you learn more effectively and efficiently.”
Thu, 10 Aug 2023 09:54:00 -0500Amanda Newman Smithen-GBtext/htmlhttps://www.moneymarketing.co.uk/analysis/online-financial-adviser-2b-how-to-approach-exam-resits/Killexams : As MOC Debate Heats Up, Cardiology Societies Weigh In
It's no secret that many physicians question the value of Maintenance of Certification (MOC) requirements and are concerned about the amount of time, effort, and money the process takes. Now, they and at least two cardiology societies are starting to speak up.
On July 21, hematologist-oncologist Aaron Goodman, MD, an associate professor at the University of California, San Diego, posted a petition on behalf of ABIM diplomates. It calls on ABIM to eliminate the MOC requirement because it is "burdensome," "costly," and "complex and time-consuming."
As of August 22, the petition had garnered more than 18,000 signatures.
Goodman recently debated ABIM President and Chief Executive Officer Richard J. Baron, MD, in a Healthcare Unfilteredpodcast. Before the debate, host Chadi Nabhan, MD, MBA, tweeted that he could not find a single physician who would defend the MOC and recertification.
The debate touched on courses such as fees, evidence of value, the certification test format, and the cost and requirements to maintain more than one board certification. Overall, Goodman made the analogy to giving a patient chemotherapy: Because there are harms, he better know that there are also benefits. He cited that the harms associated with MOC include "financial toxicity, time toxicity, and stress toxicity," with the latter being particularly toxic to him personally.
Though the podcast gave both participants ample opportunities to express their views, it's not clear that either participant persuaded the other.
Cardiologists who are unhappy with MOC are speaking up on X (formerly Twitter). IC Matthew Sample, MD, listed five things he's done to Boost his practice since IC graduation, for which he received no MOC points.
In response, internist Artem Minalyan, MD, asked, "Hypothetically, if Dr Baron required an IC procedure, I wonder if he would request you to get all your MOC points prior to consenting."
SCAI and HRS Weigh In
Some professional societies have responded to the ABIM's threat to revoke the certifications of cardiologists who don't participate in periodic MOC activities.
The Society for Cardiovascular Angiography & Interventions (SCAI) published its "Position on ABIM Revocation of Certification for Not Participating in MOC." In it, SCAI states that ABIM diplomates who pass their exams and report procedural volumes as required should be "indisputably" recognized as "certified" for the relevant time frame (eg, 10 years), regardless of whether they participate in any other MOC activities.
SCAI President George D. Dangas, MD, PhD, told theheart.org | Medscape Cardiology that "Many of our members have expressed their frustration surrounding the confusion regarding their MOC requirements, including myself. We felt that this confusion could endanger the certified status of members, which would inevitably impact patient care, which is our greatest concern."
The society has received an "overwhelmingly positive response" to its statement, he said. "Our hope is that ABIM will consider simpler, transparent regulations that are reflective of the feedback received from their constituents."
In response to the COVID-19 pandemic, ABIM extended the deadline for diplomates whose certificate expired in 2020 or 2021 until the end of 2022; Dangas suggests that ABIM further extend the deadline to enroll in or renew your MOC to the end of 2024 and that ABIM should "develop a recertification program that can be explained in a single slide/page."
The ABIM touts the value of MOC on its website, stating: "There is compelling evidence showing that MOC improves value of care without sacrificing quality and that board certified physicians command higher salaries."
Alternative options that are arguably less arduous are available.
The CMP "focuses on one or a small group of courses within cardiology each year, incorporating learning activities as well as a pre-/post-formative knowledge assessment," Janice Sibley, ACC's executive vice president of Education and Publishing told theheart.org | Medscape Cardiology. The program continues to evolve, she said.
In 2022, she noted that the ACC increased the flexibility of the CMP by removing the 7-hour learning engagement requirement, allowing users to choose how much time to spend learning in the CMP program. They also extended the performance assessment windows from 7 to 9 days each, covering 2 weekends for each.
She said that to date, more than "6400 learners" are enrolled in the CMP program.
Though the collaboration seems to make MOC less onerous, some cardiologists think it makes the ACC "complicit."
A certification program that is independent of the ABIM launched in 2015. The National Board of Physicians and Surgeons (NBPAS) is a nonprofit organization led by an advisory board of unpaid physicians (including Medscape's editor-in-chief, Eric Topol, MD). NBPAS seems to be gaining momentum and acceptance.
Cardiologist Melissa Walton-Shirley, MD, recounted her recertification experience with the NBPAS late last year. She now maintains a "hybrid" certification with both ABIM and NBPAS. Though she wants to support the latter, she found that the alternative certification option still requires an initial ABIM certification and is not recognized in all states or by many insurers and hospitals.
Will MOC ever disappear? Sibley said that the ACC is always looking to Boost and enhance their offerings. "It is time to lead a change in the conversation from certification to continuous competency, from punitive to supportive options, from random knowledge testing to focused assessing knowledge gaps and lifelong learning. This will require innovation, technology, and new ways of thinking that offer cardiologists flexibility, relevance, and value and ultimately benefit the patients they serve."
Many physicians, including cardiologists, are hoping that the Goodman petition and further pressure from professional societies may finally translate into action.
Medscape LLC provides educational content including MOC. Medscape's editorial content, including news, features is developed independently of the educational content available on Medscape.
For more from the heart.org | Medscape Cardiology, follow us onTwitterandFacebook
Tue, 22 Aug 2023 08:55:00 -0500entext/htmlhttps://www.medscape.com/viewarticle/moc-debate-heated-cardiology-societies-weigh-2023a1000jjuKillexams : How to decide if it's time to hire a financial planner
There are quite a few misconceptions when it comes to working with a financial planner. For one, you might think that financial planners only work with the rich. Or, you may expect that they're just developing investment strategies for clients. However, financial planners are actually versatile in their offerings and, no, you don't already need to have millions of dollars to work with one.
Anyone can benefit from speaking with a financial planner. And in fact, getting advice from a financial planner sooner rather than later can make a huge difference.
Select asked John Loper, a CFP and Managing Director of Professional Practice at the CFP Board, to break down what you should know about working with a financial planner.
What can a financial planner help with?
According to Loper, certified financial planners (CFP's, for short) can typically help with a variety of concerns.
"CFP's can help people who need a strategy to pay off loans or need ways to generate income," he said. "They can also help young families settling down, mid-life individuals who need help maximizing their retirement savings and those who need assistance with tax planning and estate planning."
But their services don't stop there. Here are some other areas where a certified financial planner can be of assistance:
Loper also asserts that CFP's can play a role in providing guidance with what's known as "triggering events," — events that can result in significant changes in income or wealth. Triggering events can include, but aren't limited to, large inheritances, divorce and death.
There are a few ways to go about finding a financial planner. You might want to start by finding out if your employer offers financial planning services as an employee benefit. This could be a good, non-intimidating place to start working with a financial professional. Plus, depending on the company's terms, the service may be complimentary through your employer.
If you already have a specific issue that you need help with, you can try searching for a financial planner using Zoe Financial, which can match you with a list of professionals who specialize in your concerns.
Another option is to use PlannerSearch.org to find a professional in your state. It'll provide you a list of CFP's near you, and you can also filter by specialties such as employee benefits, getting married, getting divorced, bankruptcy, home buying and more.
When should you think about speaking to a financial planner?
Working with a financial planner can be a big and exciting step. Although, not everyone needs to have an ongoing, regular relationship with a financial planner, there are some instances where it might make sense to get a professional's input.
"I don't know that everyone should hire a financial advisor, but everyone could benefit from consulting one upfront to see which services may apply to them," Loper said. "Most planners offer free consults. Until you actually sit down and have an initial conversation you're just guessing what your next step should be."
You need a new perspective on your finances
Maybe you already have an idea of what your next move should be, or how to best manage the rest of your finances. Or, maybe money management just feels really confusing and overwhelming. If you aren't totally confident or wonder if there are better next steps for you to take, you might consider consulting a financial planner. Their expertise may be able to provide an option you haven't yet considered. After taking a bird's eye view of your financial profile they may be able to tell you if there's something else you should be prioritizing.
Loper does caution, however, that sometimes the best next move a person can make with their finances is to do nothing and maintain their current actions. A CFP would be able to clarify if this is really the best thing for their client.
A triggering event has occurred or will occur soon
Triggering events, such as marriage, death, divorce and receiving a large inheritance, can have a large impact on how you manage your money — and sometimes even the progress you're making toward your financial goals.
As these events occur, you may think about getting a professional's opinion on how an influx or a decrease in your wealth can impact what your next financial move should be. Plus, according to Loper, as you move through different phases of life, you start to focus on different areas of your finances.
For example, maybe you go through a divorce right as your kids are about to begin college — a financial planner can help you create a plan for funding your kid's tuition.
You're nearing retirement
Of course, you can also see a financial planner if you need help getting started with saving for retirement. But if you're going to retire soon, it could be helpful to check in with a professional to make a plan for how you're going to make your money last the rest of your life. This can feel like a weight off your shoulders even if you've been using a robo-advisor like Wealthfront or Betterment to make investments that are just right for your risk tolerance and goals. A CFP can help you better analyze your lifestyle expenses and your savings so you can decide on a safe amount of money to withdraw each year.
A financial planner can also help you spot any holes in your retirement plan. Like, maybe you'll need to save a little extra money — which could mean having to remain in the workforce for an extra few years.
While not everyone needs an ongoing relationship with a certified financial planner, pretty much everyone can benefit from having a consultation — and some initial input — with a CFP. Especially since there are a variety of concerns that a financial professional can assist with.
Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
Sat, 29 Jul 2023 17:49:00 -0500entext/htmlhttps://www.cnbc.com/select/how-to-decide-if-its-time-to-hire-a-financial-planner/Killexams : Waterdrop Inc. Earns Personal Financial Information Protection Capability Certification
BEIJING, Aug. 3, 2023 /PRNewswire/ -- Waterdrop Inc. ("Waterdrop", the "Company" or "we") (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, has recently obtained the Personal Financial Information Protection Capability Certification from the National Financial Technology Certification Center (Beijing). Receiving the certification distinguishes Waterdrop as one of the first insurance brokers to comply with these rigorous standards.
The Personal Financial Information Protection Capability Certification assesses organizations involved in financial services that handle the collection, storage, transmission, and processing of personal financial information. It evaluates compliance with data security laws, regulations, and institutional standards, making it a benchmark in the protection of personal financial data.
Securing the Certification underscores Waterdrop's commitment to establishing a robust protection system for personal financial information throughout its business operations. This system, grounded in data classification and grading, implements protective measures at every stage of the data lifecycle. The certification not only validates Waterdrop's efforts in privacy protection by a third-party organization but also fosters enhanced trust among its stakeholders.
Waterdrop is firmly dedicated to safeguarding personal information and upholds a strong commitment to its protection. To achieve this, Waterdrop fully complies with national cyber security and information technology security regulations, along with adhering to the guidelines of the Personal Information Protection Law of the People's Republic of China. The primary objective is to ensure that all procedures concerning the collection, storage, and utilization of personal financial information are strictly governed by the principles of legality, appropriateness and necessity.
Waterdrop's Data Security Committee has developed and routinely updated the Waterdrop Personal Information Security Compliance Management Measures. These measures cover a comprehensive array of areas, ensuring an enhanced level of protection for users' personal information. These comprehensive protocols further bolster the protection of user data, addressing aspects including collection, usage, storage, third-party management, personal rights management, network security, security incidents, and cross-border data provision.
Sun, 06 Aug 2023 23:18:00 -0500en-UStext/htmlhttps://finance.yahoo.com/news/waterdrop-inc-earns-personal-financial-101000820.htmlKillexams : FP Canada™ announces May 2023 CFP® exam results
There were 406 candidates who wrote the CFP exam
Among first-time writers, the pass rate was 80%
A total of 81% of candidates wrote the CFP exam to enhance their skills and better serve their clients
TORONTO, Aug. 10, 2023 /CNW/ - FP Canada has released the results for the May sitting of the Certified Financial Planner® exam. There were 406 candidates who wrote the exam and, of those who were writing for the first-time, 80% passed.
FP Canada also conducted a survey to better understand the motivations of exam writers. The results reveal that 81% of candidates wrote the exam to enhance their skills and better serve their clients. A total of 36% were driven by the need to obtain a credential that would allow them to use the "financial planner" title under title protection legislation. Employer requirements were also a top motivator, with 33% of exam writers stating that those requirements were the reason they took the exam.
"Congratulations to all candidates who successfully challenged the CFP exam in May," said Tashia Batstone, President and CEO of FP Canada. "Earning Certified Financial Planner certification is a significant milestone – one that deserves to be celebrated."
The May CFP exam was administered via online proctoring, and at 38 in-person test centres across Canada. A total of 59% of candidates chose to write the exam through online proctoring, while 41% did so in person.
Certified Financial Planner certification is the only globally recognized mark of professional financial planning. To obtain certification, candidates must meet a series of education requirements, which include holding a postsecondary degree from an accredited college or university (at minimum); completing an FP Canada-approved Core Curriculum Program; completing an FP Canada-approved Advanced Curriculum Program; completing the FP Canada Institute™ Introduction to Professional Ethics course; and completing the CFP Professional Education Program, which focuses on the pillars of holistic financial planning, human behaviour, and honesty and ethics. They must also pass a rigorous national exam and complete at least three years of qualifying work experience.
Among other requirements, CFP professionals must adhere to the high professional standards established by the FP Canada Standards Council™ to maintain their certification.
About FP Canada
Established in 1995, FP Canada is a national not-for-profit education, certification and professional oversight organization working in the public interest. FP Canada is dedicated to championing better financial wellness for all Canadians by leading the advancement of professional financial planning in Canada.
Jindal Aluminium Limited has received the AS 9100D Aerospace certification, recognising the company as a qualified extrusion manufacturer for the aviation, space, and defence industry. After completing a two-stage audit process, the accreditation was awarded to its Bangalore facility by NVT Services. The certification process commenced in January 2023, and Jindal Aluminium received the certificate in June 2023, it said in a statement.
The aerospace and defence industry strongly emphasises safety and quality, with standardisation and thorough research being crucial factors. In line with this, any company to qualify as an aerospace & defence material supplier in the aerospace segment, requires them to meet certain pre-requisites. “This certification is a testimony to standards accepted worldwide and practices the company has been implementing, marking it as a substantial development,” it said.
Developed jointly by the Society of Automotive Engineers and the European Association of Aerospace Industries, AS9100D has become a benchmark for ensuring exceptional quality in aviation, space and defence manufacturing and supply chain processes.
“It will pave the way for our strategic expansion plans, consolidate our domestic and international reach in the industry and meet the rigorous quality standards demanded by the growing aviation, space and defence segment,” said Pragun Khaitan, Vice Chairman and Managing Director, Jindal Aluminium.