Readings in Financial Planning

by Cordell, David M.; Poole, Barbara S.

• ISBN13: 9781579960728
• ISBN10: 1579960723
• Edition: 7th
• Format: Paperback
• Copyright: 2003-06-30
• Publisher: Amer College

Table of Contents

About the Editors	xi
About the Authors	xiii
Acknowledgments	xv
Meeting Client Needs through Financial Planning	1	(72)
David M. Cordell
What Is Financial Planning?	3	(3)
The Evolution of Financial Planning as a Profession	6	(2)
Financial Planning as a Process	8	(9)
Financial Planning Practice Standards	17	(11)
Content of a Comprehensive Financial Plan	28	(7)
Chapter Review	35	(38)
Appendix 1A: Funding a College Education	39	(20)
David M. Cordell
Appendix 1B: Preparing Financial Statements	59	(14)
David M. Cordell
Stephan R. Leimberg
Regulation of Financial Planners	73	(30)
David M. Cordell
Jeffrey B. Kelvin
How Financial Planners Became Investment Advisers	74	(6)
Investment Advisers Supervision Coordination Act of 1996	80	(8)
Responsibilities of Investment Advisers Who Must Register with the SEC	88	(11)
State Regulation of Financial Planners	99	(1)
Conclusion	99	(1)
Chapter Review	100	(3)
Ethics and Professionalism	103	(30)
Ronald F. Duska
David M. Cordell
The Role of Ethics	105	(2)
The Codification of Standards of Conduct	107	(11)
The Quality of Professionalism	118	(2)
The Practice of Ethical Decision Making	120	(5)
Ethical Issues in Financial Services	125	(5)
Chapter Review	130	(3)
Effective Communication in Financial Counseling	133	(40)
Lewis B. Morgan
Introduction	134	(1)
Three Types of Structured Communication	135	(3)
Essentials in Financial Counseling	138	(4)
Profile of the Effective Counselor	142	(6)
Basic Communication Principles	148	(3)
Elements of Nonverbal Behaviors	151	(5)
Attending and Listening Skills	156	(6)
Counselor Leading Responses	162	(2)
The Question	164	(5)
Chapter Review	169	(4)
Risk Tolerance in Financial Decisions	173	(58)
Michael J. Roszkowski
Introduction	174	(1)
Risk Aversion, Risk Seeking, and Risk Indifference	175	(1)
Formal Concept of Risk and People's Intuitive Perception	176	(2)
Limitations in Rational Thinking	178	(12)
Risk Taking: Situation-Specific or General Personality Trait	190	(2)
Lifestyle of the Risk Taker	192	(4)
The Thrill Seeker	196	(1)
Demographic Characteristics	197	(6)
Communicating Probability Statements Verbally	203	(2)
Assessment of the Client's Risk Tolerance	205	(15)
Epilogue	220	(1)
Chapter Review	220	(4)
References	224	(7)
Time Value of Money: Basic Concepts and Applications	231	(72)
David M. Cordell
Robert M. Crowe
Barbara S. Poole
The Basics of Time Value	232	(8)
Future Value of a Single Sum	240	(8)
Computing n or i	248	(3)
Present Value of a Single Sum	251	(4)
Future Value of an Annuity or an Annuity Due	255	(12)
Present Value of an Annuity or an Annuity Due	267	(15)
Other Problems Involving Single Sums and Annuities	282	(2)
Chapter Review	284	(19)
Appendix 6A: Recognizing Time-Value-of-Money Problems	293	(10)
David M. Cordell
Time Value of Money: Advanced Concepts and Applications	303	(60)
David M. Cordell
Robert M. Crowe
Barbara S. Poole
Dealing with Uneven Cash Flows	304	(22)
Evaluating Investments with Discounted Cash-Flow Analysis	326	(17)
Increasing the Compounding, Discounting, or Payment Frequency	343	(13)
Chapter Review	356	(7)
Glossary	363	(14)
Answers to Review Questions and Self-Test Questions	377	(38)
Index	415