CTFA, Certified Trust and Financial Advisor (CTFA) is a very strong knowledgeable exam that will help in ample duties which relates to the trust and financial advisor that accounts for serious learning capabilities, the certification given will help in major learning for the exam takers.
CTFA, Certified Trust and Financial Advisor (CTFA) certification exam outline has been distributed into five main key areas which we will mention here to ensure that the applicants have right learning tools that will provide them the title for being the CTFA professional with the documentation.
The first one is Fiduciary & Trust Activities covering the learning of twenty five percent of the exam, now the insights of this section is that the first topic is Nature and Characteristics of Account Relationship that covers Trusts, Estates, Guardianships/Conservatorships, Custodians, Financial and Health Care Powers of Attorney and Agencies. The second one is Formal Requisites of Establishing Account covering Written Agreements or Documents, Trust Situs, Acceptance of Fiduciary Appointment, Disclaiming of Interest. Fiduciary Responsibilities consists of Powers, Duties, Uniform Acts/Codes, Safekeeping of Assets and Environmental Issues. Investment Responsibilities consists of Investment Powers, Investment Types & Restrictions, Sale/Retention by Bank of Its Own Holding Company Securities, Prudent Investor.
The CTFA, Certified Trust and Financial Advisor (CTFA) first section also covers the topic of Receipts, Payments and Distributions which includes Duty in Making Payments or Distributions, Uniform Principal & Income Act. Accounting and Compensation is the next main topic that covers Duty to Keep Records, Duty to Furnish Information to Beneficiaries, Duty to Render Court Accountings, Fiduciary Compensation and Alteration or Termination of the Trust which will require the applicants to know about Power to Change Terms and Power to Revoke or Terminate. The next topic of Regulatory/Compliance consists of Due Diligence, Know Your Customer, Privacy Issues Bank Secrecy Act, OCC Regulation and Securities Laws.
The next section in CTFA, Certified Trust and Financial Advisor (CTFA) is called Financial Planning that covers twenty five percent in the exam and constitutes of Personal Finance that covers Time Value of Money Principles, Statement of Assets and Liabilities, Cash Flow Management, Debt Management, Investment Planning, Education Planning, Health Care & Disability.
Planning is another important lesson that covers Retirement including Capital Sufficiency, Investment Strategies, Wealth Accumulation & Distribution, Social Security & Other Programs, IRAs, Qualified and non-Qualified Plans. Insurance is the next one that covers Health Insurance, Property/Casualty Insurance, Insurance Company, Product, and Intermediary Selection Criteria. Transfer Assistance is the next topic that covers Wealth Transfer during Lifetime, The Flow of Property at Death, Business Succession, Planning Documents Considerations and Charitable Giving Strategies. Financial Modeling covers Risk Assessment and Asset Allocation.
CTFA, Certified Trust and Financial Advisor (CTFA) exam topic Tax Law & Planning covering twenty five percent covers Income Tax covers Individuals, Fiduciaries, Charitable Trusts, Private Foundations, and Split, Interest Trusts, Transfer Tax, Gift Tax, Estate Tax, Generation-Skipping Transfers (GST).
For the next topic that is Investment Management covering twenty percent the topics given are Economics and Market, Gross Domestic Product, Interest Rates, Inflation & Employment, Government Fiscal Policy, Monetary Policy, Market Operations, Portfolio Management, Theories and Concepts.
Get to know more about the Latest and Workable Study Material for CTFA Study Guides and CTFA Test.
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