Financial planners and wealth managers help individuals, families, nonprofit organizations, and small businesses meet their financial goals. They analyze the financial health of clients, solve financial problems, and establish strategies for meeting goals. They serve as advisors, counselors, and consultants. Employment opportunities in this area are growing twice that of the national average of other opportunities.
The Charles Schwab Wealth Management Workshop prepares students for careers in financial planning and wealth management. Specifically, it prepares students to take the Certified Financial Planner (CFP®) certification, which is the key gateway to such a career. Workshop members also receive professional development opportunities, including guidance and training with Kelley School of Business alumni and other professionals in the field. These professionals are in industries where the Workshop training is in high demand such as banks, insurance companies, brokerage house, and financial planning firms. Charles Schwab’s sponsorship of the workshop is a testament to the industry’s keen interest in expanding the supply of financial planners and wealth managers.
The Charles Schwab Wealth Management Workshop is a CFP Board-Registered Program. Individuals who take the courses listed below are automatically eligible to sit for the CFP® Certification Examination. The courses fall into two categories:
Courses that count toward the Kelley finance major:
- BUS-F365 Personal Financial Planning (3 credits)
- BUS-F369 Insurance, Risk Management, and Retirement Planning (3 credits)
- BUS-F420 Equity and Fixed Income Investments (3 credits)
- BUS-A327 Tax Analysis (1.5 credits), fulfills the accounting elective requirement of the finance major
Note: Finance and Accounting double majors take A329 Taxes and Decision Making (3 credits), instead of A327 and A355.
7.5 credit hours of additional courses beyond the Kelley finance major:
- BUS-L310 Law of Personal Financial Planning (3 credits)
- BUS-A355 Taxes and Financial Planning for Individuals (1.5 credits)
- BUS-F429 Workshops in Finance II: Wealth Management Workshop (3 credits), limited to workshop members only
The Workshop Director is Professor Erik Benrud (CFP, CAIA, FRM, and CFA). Both sophomores and juniors are encouraged to apply to the workshop during February and March.