Description

This course focuses on the main elements of financial education and will help accounting and finance professionals guide their clients, and their clients’ children, through a personalized teaching roadmap. Clients with wealth face questions about how to teach their children about money to raise financially capable children. Often, clients’ first contact is with their accounting and financial professionals, so it is important to be able to provide a framework to help teach clients how to prepare their children for life with privilege.

This course is designed for all practitioners who want to help their clients navigate the process of teaching the next generation about personal finances. Because every family and child are different, it is critical to develop a specific plan for each client, and likely each child and grandchild. By working with their clients’ descendants, accounting and finance professionals not only build rapport and trust but also get to know the children and grandchildren, building firm value and long-term connection. With new and updated information and tactics, professionals can learn best practices to engage clients and their children.

Instructor: Clint Greenleaf

Target Audience

Accounting and finance professionals who want to help clients better prepare the next generation

Course Objectives

Understand the importance of financially capable children

Be familiar with the basic elements of financial education

Deal with the most common questions and answers

Recognize how to build a stronger relationship with clients

Subjects

Discussion of the importance of financial education for the next generation

Understanding a client’s financial values

Determining a client’s financial literacy

Helping clients develop a teaching roadmap

Using knowledge to protect against entitlement

Developing a knowledge base for the information, including a full list of recommended books on the topic and games for families to play

Discussion of specific topics, including tips and tricks related to:

Allowances

Earning, work, and entrepreneurship

Spending, saving, and investing

Philanthropy

Taxes

Credit cards, crypto, and financial fraud