Financial Planning Program
Molloy College offers three 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:
- Certificate Program in Financial Planning (6 courses) - designed for people who already have at least a bachelor's degree and are not interested in an advanced degree.
- M.B.A. Program with a concentration in Personal Financial Planning (33 credits) - designed for people who already have at least a bachelor's degree and would like a master's degree while meeting the additional educational requirements to sit for the CFPTM exam.
- Undergraduate Minor in Personal Financial Planning (18 credits) - designed for people who need to meet the requirement to have at least a bachelor's degree, while meeting the additional educational requirements to sit for the CFPTM exam.
However, the information on this page pertains only to Certificate Program in Financial Planning.
For more information about the M.B.A. program, with a concentration in personal financial planning or the Undergraduate Minor in Personal Financial Planning , click here for the webpage on those programs or call 516-323-3079 or 516-323-3081 for further information on application and registration procedures.
The following information pertains only to the non-credit, non-degree Certificate Program in Financial Planning:
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.
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.
Free Seminar - How to Earn the CFP Designation
If you have ever thought about becoming a Certified Financial PlannerTM and were not sure of the process, or even if financial planning was right for you, then you should attend this free seminar. Topics to be discussed include: the value of the CFPTM designation, the educational requirements, the work experience requirement, the exam requirement, the ethics requirement and the continuing education requirement. The speakers will also offer their insights into working in the area of financial planning, including: career paths and options, job outlook, working conditions, skills required, and compensation. Information on the three Molloy financial planning educational programs (Undergraduate, MBA and certificate programs) registered with the CFP Board will also be discussed. Although this seminar is offered at no charge, you should pre-register for the session.
Sessions are held every January, May and September. The next sessions will be on Tuesday September 4, 2018 and on Tuesday, January 8, 2019 from 6:30-8 p.m. in the Casey Center, Rockville Centre Campus. To register online, click here. To register by phone or email, please call 516-323-3550 or email firstname.lastname@example.org.
If you would like to register for course(s) you should do so approximately two weeks before the start of classes to insure enough time for you to get your textbook(s), confirmation and parking permit. However, you can register up until the day of class. Please note that our classes do close out, so you may be taking a chance of not getting into the course by waiting. The required textbook(s) will be sent with your registration confirmation.
Scheduling, Registration and Tuition
Courses in the Certificate Program can be taken at the Molloy campus in Rockville Centre.
Courses are offered on a hybrid format- half the class is offered online and half the class is offered once per-week for 7 weeks from 6-10:10 p.m. The online portion of the program is done between the classroom classes and you can log-in to do your assignments at any time. Classes are offered during the fall, spring and summer semesters. It is suggested that students begin their studies in the fall semester and that the course, Financial Planning Process and Insurance (FP 525) should be taken first.
One to two courses will be held approximately every 7 weeks during the fall and spring semesters. Therefore, it will be possible to complete the Certificate Program in one year, although you may proceed through the program at your own pace. Courses are held over the summer based upon student interest.
Tuition is $575 per course.
The Fall 2019 schedule is as follows:
FINANCIAL PLANNING PROCESS & INSURANCE. Course Number: FP-525A Tuition: $575
Section A Rockville Centre campus 7 Tuesdays, September 10 - October 22, 2019; 6:00-10:10 p.m.
INVESTMENT PLANNING Course Number: FP-530A Tuition: $575
Section A Rockville Centre campus 7 Tuesdays, October 29 - December 17, 2019 (No class 11/5); 6:00-10:10 p.m.
RETIREMENT PLANNING Course Number: FP-543A Tuition: $575
Section A Rockville Centre campus 7 Mondays, September 9 - October 21, 2019; 6:00-10:10 p.m.
The tentative Spring 2020 schedule is as follows:
FINANCIAL PLANNING PROCESS & INSURANCE. Course Number: FP-5250A Tuition: $575
Section A Rockville Centre campus 7 Tuesdays, January 14 - February 25, 2020; 6:00-10:10 p.m.
ESTATE PLANNING Course Number: FP-5450A Tuition: $575
Section A Rockville Centre campus 7 Wednesdays, January 15- March 4, 2020 (No class February 19); 6:00-10:10 p.m.
INCOME TAX PLANNING Course Number: FP-5350A Tuition: $575
Section A Rockville Centre campus 7 Thursdays, March 5 - April 30, 2020 (No class March 12 and April 9); 6:00-10:10 p.m.
PFP CAPSTONE COMPREHENSIVE CASE STUDY Course Number: FP-5960A Tuition: $575
Section A Rockville Centre campus 7 Wednesdays, March 18 - April 29, 2020; 6:00-10:10 p.m.
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 just click the course title above. To register 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 CFPTM 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. The list of required textbooks will be emailed prior to the start of classes.