Financial Planning Program
Molloy College offers two programs that are registered with the Certified Financial Planner Board of Standards, Inc. (CFP Board) as acceptable education to sit for the CFPTM Certification Examination:
- The Certificate Program in Financial Planning
- M.B.A. Program with a concentration in Personal Financial Planning
The Certificate Program in Financial Planning courses may be taken at the Rockville Centre campus or at a number of in-house company programs on Long Island. The certificate program information is detailed on this Web page. The M.B.A. program, with a concentration in Personal Financial Planning, is only offered at our Rockville Centre campus, at this time. For more information about the M.B.A. program, with a concentration in personal financial planning, click here for contact information.
Why Financial Planning? The demand for a financial generalist who is versed in certificates of deposit, arranging a loan, giving sound tax advice and guiding your investments, has lead to the development of a new profession - the financial planner.
Anyone can hold himself out as a financial planner, but, a CERTIFIED FINANCIAL PLANNERTM (CFPTM) certificant is regulated. You must meet education, examination, experience and ethics requirements to maintain your certification.
The Certified Financial Planner Board of Standards (CFP Board) is the professional regulatory body that certifies professionals, administers the CFPTM Certification Examination and continuously monitors certificants to assure their compliance with ethical standards. Molloy's Financial Planning Program is one of more than 150 programs nationwide that provides training for a career in financial planning and is registered with the CFP Board.
CFPTM professionals are trained to take a comprehensive approach to financial planning. They are trained to analyze and provide advice on all aspects of a person's financial life: retirement planning, estate planning, income tax management, investment management, insurance and wealth protection.
In order to be certified to use the CFP mark, an individual must meet the following qualifications, as specified by the CFP Board:
- Education - To become certified by the CFP Board, you need to be knowledgeable in 101 topical areas in financial planning. Successful completion of the educational program offered at Molloy College will satisfy this requirement.
- Examination - After you have successfully met the educational requirement, you will be eligible to apply for the CFPTM Certification Examination. The CFPTM Certification Examination tests the individual's knowledge on a multitude of key financial planning topics in an integrated format, to financial planning situations.
- Experience - Depending on the level of degree work completed in a collegiate setting, an individual must acquire three to five years of financial planning-related experience prior to receiving the right to use the CFP mark.
- Ethics - An individual must voluntarily ascribe to the CFP Board's Code of Ethics and Professional Responsibilities and additional requirements as mandated. This voluntary decision empowers the CFP Board to take action if a CFP certificant should violate the code of ethics. Such violations could lead to disciplinary action, including the permanent revocation of the right to use the CFP mark.
The Certificate in Financial Planning Program* offered by Molloy College was established to meet the need for trained professionals who are able to plan, assess and evaluate a client's financial future through the development of a comprehensive financial plan. The program's courses are taught by top-flight financial services professionals who will provide you with the latest information available. The certificate program consists of six required courses:
- Financial Planning Process and Insurance
- Investment Planning
- Income Tax Planning
- Retirement Planning and Employee Benefits
- Estate Planning
- Case Studies in Financial Planning
Click here for the current schedule of classes.
To sit for the CFPTM Certification Examination given by the CFP Board, students must complete an examination application from the CFP Board and pay an examination fee to sit for the one-and-a-half day comprehensive examination. For an exam application or information on the work experience and ethics requirements, call the Division of Continuing Education and Professional Development at 516.323.3550, or write to the CFP Board, 1700 Broadway, Suite 2100, Denver, Colorado 80290. You can also call the CFP Board at 303.830.7500 or visit their website.
Benefits - Depth of Information
Students will receive at least 45 semester hours of instruction for each course providing participants with in-depth information on each topic. Student interaction with instructors and ongoing class participation are strongly encouraged. Every effort is made to select the latest texts and materials pertinent to the needs of today's professional.
Experienced instructors who have hands-on financial planning experience teach all of our courses. All of our instructors have the CFPTM certification. Molloy College instructors use the financial planning topics as outlined by the CFP Board as a framework for all courses. They then add their own experiences, case studies and handouts. The result is courses that combine sound financial planning theory with practical skills development.
Convenient Campus Locations and Scheduling
Courses are offered at Molloy College's campus in Rockville Centre as well as various company locations. Depending on the location, classes can be taken during the evening, or during the day, allowing for convenient scheduling around busy work schedules.
The entire program can be offered on-site, at a company location, if as few as 12 employees are interested in enrolling. On-site courses are scheduled at the convenience of each company. Call the Division of Continuing Education and Professional Development for more details at 516.323.3550.
Who Should Attend?
With the rapid changes taking place in the financial planning industry, professionals from the investment brokerage, insurance, banking, accounting and legal arenas should find this comprehensive program in financial planning important for their professional advancement. The importance of the eventual attainment of the CFPTM Certification is gaining momentum across several industries that recognize the need for comprehensive financial advice for their clients. In addition, professionals from other industries wishing to make a career change, and committed to the rigorous nature of this program, are invited to enroll.
Application for Admission
Candidates for the Financial Planning Certificate Program must complete an application for admission. Candidates should have at least one years' work experience in a financial services position. In addition, students should have acquired prerequisite knowledge in accounting, business law, business ethics, finance and economics, and computer financial applications either through academic courses or on-the-job learning.
No application fee is required. Click here to download an application or call the Division of Continuing Education and Professional Development at 516.323.3550 to receive an application for admission.
One week prior to the start of classes each semester.
Scheduling, Registration and Tuition
Courses in the Certificate Program can be taken at the Molloy campus in Rockville Centre or at a number of in-house company programs on Long Island. An M.B.A. program with a concentration in Personal Financial Planning is also offered at our Rockville Centre campus. Students in the M.B.A. program will be eligible to sit for the CFPTM Certification Examination given by the CFP Board. For more information on the M.B.A. program, click here.
Courses are held one course per-night, once per-week schedule. Classes are offered during the fall, spring and summer semesters. Students may begin their studies any semester. Financial Planning Process and Insurance (FP 0150) should be taken first. However, you may take any course if you have at least three years of experience in the financial services industry.
Tuition is $550 per course.
The schedule of classes comes out in our catalog which is mailed twice a year (January and July) to students who have made an inquiry or registered within the last 6 months. However, the most up-to-date scheduling information can be found on the program webpage. We will also email you monthly reminders of the upcoming schedule if you have provided us with an email address. Request a catalog or join our mailing list.
To register online, in person, by fax or mail, click here. Confirmation of your registration and classroom assignments will be mailed or emailed to you upon receipt of your registration. Registration in the certificate program is contingent upon acceptance into the program. Students who are not accepted will receive a full refund of their tuition.
Grades are given for all courses in the certificate program. Passing grade is D, however students must maintain a B average to graduate.
Transfer of course work from another CFP Board-Registered Program is possible. Requests must be made in writing to the program director, and an official transcript of record from your school must be sent along with course descriptions from the school's catalogue. The director will make final approval. Students must complete at least fifty percent of their coursework at Molloy College, exclusive of transfer credit, to qualify for a certificate.
Textbooks are required in each course and will be available for purchase at the Molloy College bookstore. The list of required textbooks is included in the application packet. To review the list of required textbooks click here.