Personal Financial Planning

Robert O. Weagley, Chair
College of Human Environmental Sciences
241 Stanley Hall
(573) 882-7836
weagleyr@missouri.edu
http://pfp.missouri.edu

Advising Contact
Victoria Shahan
106 Gwynn Hall
(573) 882-6424
hesstudentservices@missouri.edu
http://hes.missouri.edu

Scholarship Information Contact
Nancy Schultz
122 Gwynn Hall
(573) 882-5142
hesdevelopment@missouri.edu

Admissions

Students must have a University of Missouri cumulative GPA of at least a 2.5 (2.25 for Financial Counseling), based on at least 50 credits attempted, and a C (2.0) or better in FINPLN 2183 and FINPLN 3283 to be admitted to either the Personal Financial Planning or Financial Counseling professional programs of the department. Personal Financial Management Services cumulative GPA of at least a 2.0, based on at least 50 credits attempted, and a C (2.0) or better in FINPLN 2183 and FINPLN 3283. A grade in the D range is allowed in only one course in the professional program, regardless of emphasis area.

Associate Professor D. L. Sharpe**, R. O. Weagley**, R. Yao**
Assistant Professor M. Guillemette*
Teaching Assistant Professor S. Ivey
Instructor R. Law
Extension Assistant Professor L. Schrader, A. Zumwalt
Extension Associate G. McCaulley
Emeritus Professor E. Metzen, P. Lieurance

*

Graduate Faculty Member - membership is required to teach graduate-level courses, chair master's thesis committees, and serve on doctoral examination and dissertation committees.

**

Doctoral Faculty Member - membership is required to chair doctoral examination or dissertation committees.  Graduate faculty membership is a prerequisite for Doctoral faculty membership.

An undergraduate certificate in Personal Financial Planning is currently under review at the Coordinating Board for Higher Education.  For current status contact Robert Weagley @ WeagleyR@missouri.edu.

1

These minors will be discontinued if the undergraduate certificate in Personal Financial Planning is approved.

Personal Financial Planning Graduate Programs
College of Human Environmental Sciences
239 Stanley Hall
573-882-9343
http://pfp.missouri.edu/

Director of Graduate Studies: Rui Yao

The College also offers a PhD in Human Environmental Sciences with an emphasis in Personal Financial Planning.

Individuals and families today bear an ever-growing responsibility for achieving and sustaining financial and economic success across their life span. Never has there been a greater need for well-trained professionals who can help individuals and families make informed and effective financial and economic decisions. In addition, research that helps to evaluate and recommend public policies that influence the economic opportunities and futures of individuals and families is in high demand.

Graduate course work in Personal Financial Planning at the University of Missouri analyzes household and consumer economic conditions and behavior, evaluating the interrelationships between households and markets with a focus on improving social policy. Students’ programs are designed to develop professional competencies and interests. A resident doctoral and two masters programs are available. Online graduate offerings may be viewed at http://pfp.missouri.edu/graduate_distance.html.

Certification Information

Degrees registered with the Certified Financial Planner Board of Standards Inc. include: a graduate Certificate in Personal Financial Planning and an Applied Master’s Degree.  There is also a registered graduate certificate leading to the CFP® certification examination.

Financial planning course work could also be completed as a doctoral program that is registered with the Certified Financial Planner Board of Standards Inc.

Financial Aid

If you wish to be considered for internal assistantships, fellowships or other funding packages, check the program website or contact the director of graduates studies, Rui Yao (yaor@missouri.edu) for details.

Faculty Areas of Study

Students have opportunity to work closely with department faculty who are widely recognized professionals in various aspects of personal financial planning and consumer and family economics. Faculty research interests cover a broad spectrum of financial and economic issues, including, but not limited to college savings and affordability, retirement savings, health care financing, risk analysis, labor supply and household production choices, consumer behavior, consumer expenditure patterns, consumer credit use, insurance demand, and low-income financial literacy.  More information is available at: http://pfp.missouri.edu/research.html.

Contacts

Voronica Bonaparte, Department Contact
Robert O. Weagley, CFP Program Director
Rui Yao, Director of Graduate Studies
Deanna Sharpe, GPIDEA/Online Program
Starla Ivey, Professional Development Undergraduate Academic Advisor
Michael Guillemette, Assistant Professor
Ryan Law, Director of the Office for Financial Success and Missouri Center for Economic Education

FINPLN 1183: Financial Survival

Examines financial management issues needed to survive the critical college years-credit/credit cards, budgeting/planning, financial aid, loans, common financial mistakes, debt management, setting financial goals, effective use of financial resources. Graded on S/U basis only.

Credit Hour: 1


FINPLN 2083: Financial Planning Careers

This course will provide the student with a broad, general introduction to careers in financial planning. Through readings, introspection, discussions, and guest speakers, the student will develop an understanding of the field.

Credit Hour: 1


FINPLN 2183: Personal and Family Finance

Individual and family finance, with particular emphasis on financial planning, savings, insurance, investments, taxes, use of credit, and financial aspects of housing. Math Reasoning Proficiency Course.

Credit Hours: 3
Prerequisites: MATH 1100 or MATH 1120 with grade of C or above, and sophomore or above standing


FINPLN 2185: Consumer as Entrepreneur

The American economic system and marketplace from both a consumer and an entrepreneurial perspective.

Credit Hours: 3


FINPLN 3282: Financial Counseling

Practical course on client financial counseling. Course emphasizes client money issues including budgeting, credit, debt management, bankruptcy and other issues. Students also will learn counseling strategies and communication skills to motivate clients to change negative behaviors and/or adopt positive behaviors.

Credit Hours: 3
Prerequisites: FINPLN 2183 or instructor's consent


FINPLN 3283: Financial Planning: Computer Applications

Development of expertise in analyzing and understanding family financial case situations. Applications include the use of leading financial planning software, as will as applications with spreadsheets.

Credit Hours: 3
Prerequisites: FINPLN 2183 or equivalent


FINPLN 3285: Financial Planning: Real Estate

Family housing and real estate investments as components of the family's quality of life and asset portfolio.

Credit Hours: 3
Prerequisites: FINPLN 3283; 5-6 hours of Economics; STAT 1300 or STAT 2500


FINPLN 4000: Problems in Personal Financial Planning

Supervised and independent work.

Credit Hour: 1-99
Prerequisites: a 2000- or 3000-level course in field of problem, and senior standing, and instructor's consent


FINPLN 4183: Sales Management

Prepares students to enter financial service occupations dependent upon sales and sales management. Attention given to skill development, evaluation of current and best practices.

Credit Hours: 3
Prerequisites or Corequisites: FINPLN 3283 or instructor's consent
Prerequisites: junior standing; acceptance into professional program; FINPLN 2183


FINPLN 4187: Tax Planning

Principles, current law and practice of income taxation and its impact on personal financial planning for individuals, couples and families in their roles as investors, employees, and business owners. Graded on A-F basis only.

Credit Hours: 3
Prerequisites: FINPLN 2183, FINPLN 3283; ACCTCY 2010 or equivalent or instructor's consent. Not available to Pre-Personal Financial Planning majors


FINPLN 4188: Community Agencies and Volunteerism

Service learning in a non-profit community social support agency. Examines economic role of non-profits and volunteerism. Students engage in service and evaluate experience in seminar. Graded on A-F basis only.

Credit Hours: 3
Prerequisites or Corequisites: FINPLN 3282, FINPLN 4187 or FINPLN 7187 or instructor's consent. Not available to Pre-Personal Financial Planning majors


FINPLN 4189: Financial Planning: Applied Tax Law

This course trains students to become volunteer tax prepares and provides the opportunity to use their skills in a lab setting to prepare personal tax returns for U.S. citizens and resident aliens living in central Missouri. The course also discusses tax law, especially as it applies to clients of the Volunteer Income Tax Assistance site.

Credit Hours: 3
Prerequisites: FINPLN 4187 or instructor's consent


FINPLN 4318: Topics in Personal Financial Planning

Selected current topics in field of interest.

Credit Hour: 1-99
Prerequisites: vary with topic


FINPLN 4355: Recent Trends in Personal and Financial Planning

For upper-class students who wish additional knowledge and understanding in specific subject matter areas.

Credit Hour: 1-3
Prerequisites: vary with the topic


FINPLN 4380: Assessing the American Dream

A systems perspective examining ways choice and culture shape American levels and standards of living. The impact of trends in personal and family values, technology, the economy, mass media and social movements on household resource management.

Credit Hours: 3
Prerequisites: ENGLSH 1000 and junior standing or instructor's consent


FINPLN 4382: Financial Planning: Risk Management

Analysis of family financial risks and conservation of family assets via risk management, with primary focus on personal lines of insurance.

Credit Hours: 3
Prerequisites: FINPLN 3283; 5-6 hours of Economics; STAT 1300 or STAT 2500. Not available to Pre-Personal Financial Planning majors


FINPLN 4383: Financial Planning: Investment Management

Introduction to investment for family financial planning.

Credit Hours: 3
Prerequisites: FINPLN 3283; 5-6 hours of Economics; STAT 1300 or STAT 2500; ECONOM 3229 or instructor's consent. Not available to Pre-Personal Financial Planning majors


FINPLN 4386: Financial Planning: Employee Benefits and Retirement Planning

Fundamentals of employee benefits and retirement planning. Consideration of options via government, employer, financial markets. Special circumstances of women, part-time, and contingent workers considered.

Credit Hours: 3
Prerequisites: FINPLN 4382, FINPLN 4383, or instructor's consent. Not available to Pre-Personal Financial Planning majors


FINPLN 4387: Consumer and Household Economics

Economic theory of consumer and household behavior, focusing on rationality, uncertainty, optimal search, heuristics, interactive decisions and considering implications for financial decision making and policy analysis.

Credit Hours: 3
Prerequisites: ECONOM 1014 or equivalent


FINPLN 4388: Effective Consumer Decision-Making

Theory, concepts, principles underlying consumer decision-making, including rationality, uncertainty, optimal search, heuristics, interactive decisions; strategies for their application in the marketplace.

Credit Hours: 3
Prerequisites: 5-6 hours of Economics


FINPLN 4389: Financial Planning: Capstone

The course emphasizes the use of analytical tools to develop effective financial plans for individuals and households.

Credit Hours: 3
Prerequisites: FINPLN 4187, FINPLN 4382, FINPLN 4383 or instructor's consent. Not available to Pre-Personal Financial Planning majors


FINPLN 4393: Financial Planning: Estate and Gift Planning

Fundamentals, practical problems and solutions in basic estate and gift planning, business succession planning, and taxation issues.

Credit Hours: 3
Prerequisites: FINPLN 4382 and FINPLN 4383 or instructor's consent. Not available to Pre-Personal Financial Planning majors


FINPLN 4418: Topics in Personal Financial Planning

Selected current topics in field of interest.

Credit Hour: 1-99
Prerequisites: instructor's consent


FINPLN 4483: Financial Success

Examines financial management issues needed to survive the critical post-college years - managing educational debt; after-school budgeting; auto, health, and other forms of insurance; retirement planning and other investment issues; setting financial goals; effective use of financial resources. Graded on S/U basis only.

Credit Hour: 1


FINPLN 4992: Readings in Personal Financial Planning


Credit Hour: 1-99
Prerequisites: 2-3 hours in subject


FINPLN 4993: Internship in Personal Financial Planning


Credit Hour: 1-99
Prerequisites: junior standing and instructor's consent


FINPLN 7000: Problems in Personal Financial Planning

Prerequisites: Restricted to Personal Financial Planning Majors Only.

Credit Hour: 1-99
Prerequisites: 4000-level course in field of problem and instructor's consent


FINPLN 7001: Topics in Household Economics and Finance

Selected current topics in field of interest.

Credit Hour: 1-99


FINPLN 7083: Teaching Personal Finance Literacy

(same as LTC_V 7083). Principles and practices of teaching personal finance with particular emphasis on income, money management, spending and credit, and savings and investing. Graded on A-F basis only.

Credit Hours: 3


FINPLN 7085: Problems in Household Economics and Finance

Supervised independent work related to household economics and finance.

Credit Hour: 1-99
Prerequisites: instructor's consent


FINPLN 7087: Seminar in Household Economics and Finance

Reports and discussion of recent research and practice in household economics and finance.

Credit Hour: 1-4


FINPLN 7183: Fundamentals of Personal Financial Planning

Issues and concepts related to the financial planning process, including determination of financial goals and expectations and analysis and evaluation of personal and family financial data with emphasis on savings, insurance, investments, taxes, credit and financial aspects of housing.

Credit Hours: 3


FINPLN 7187: Financial Planning: Tax Planning

Principles, current law and practice of income taxation and its impact on personal financial planning for individuals, couples and families in their roles as investors, employees, and business owners. Graded on A-F basis only.

Credit Hours: 3
Prerequisites: FINPLN 2183, FINPLN 3283, ACCTCY 2010 or equivalent or instructor's consent


FINPLN 7282: Advanced Financial Counseling

Students will learn client-centered financial counseling. Includes development of interviewing techniques, focus on personality strengths and weaknesses, creation of the sales process, and the role of technology in counseling. Graded on A-F basis only.

Credit Hours: 3


FINPLN 7355: Recent Trends in Personal Financial Planning

For upper-class and graduate students who wish additional knowledge and understanding in specific subject matter areas.

Credit Hour: 1-3
Prerequisites: vary with the topic


FINPLN 7380: Assessing the American Dream

A systems perspective examining ways choice and culture shape American levels and standards of living. The impact of trends in personal and family values, technology the economy, mass media and social movements on household resource management.

Credit Hours: 3


FINPLN 7382: Financial Planning: Risk Management

Analysis of family financial risks and conservation of family assets via risk management, with primary focus on personal lines of insurance.

Credit Hours: 3
Prerequisites: FINPLN 3283; 5-6 hours of Economics; STAT 1300 or STAT 2500


FINPLN 7383: Financial Planning: Investment Management

Management of family financial investments.

Credit Hours: 3
Prerequisites: FINPLN 3283; 5-6 hours of Economics; STAT 1300 or STAT 2500


FINPLN 7386: Financial Planning: Employee Benefits and Retirement Planning

Fundamentals of employee benefits and retirement planning. Consideration of options via government, employer, financial markets. Special circumstances of women, part-time, and contingent workers considered.

Credit Hours: 3
Prerequisites: FINPLN 4382, FINPLN 4383, or instructor's consent


FINPLN 7387: Consumer and Household Economics II

(cross-leveled with FINPLN 7387). Economic theory of consumer and household behavior, focusing on rationality, uncertainty, optimal search, heuristics, interactive decisions and considering implications for financial decision making and policy analysis.

Credit Hours: 3
Prerequisites: ECONOM 4351 or equivalent


FINPLN 7388: Effective Consumer Decision-Making

Theory, concepts, principles underlying consumer decision-making, including rationality, uncertainty, optimal search, heuristics, interactive decisions; strategies for their application in the marketplace.

Credit Hours: 3
Prerequisites: FINPLN 2185; 5-6 hours of Economics


FINPLN 7389: Financial Planning: Capstone

The course emphasizes the use of analytical tools to develop effective financial plans for individuals and households.

Credit Hours: 3
Prerequisites: FINPLN 4187, FINPLN 4382, FINPLN 4383 or instructor's consent. Not available to Pre-Personal Financial Planning majors


FINPLN 7393: Financial Planning: Estate and Gift Planning

Fundamentals, practical problems and solutions in basic estate and gift planning, business succession planning, and taxation issues.

Credit Hours: 3
Prerequisites: FINPLN 4382 and FINPLN 4382


FINPLN 7412: Research Methods in Personal Financial Planning

Introduction to the scope, purpose and methods of research in consumer and family economics, with emphasis on economic survey methods.

Credit Hours: 3
Prerequisites: an introductory statistics course


FINPLN 7583: Personal Financial Issues of Older Adults

(same as H_D_FS 7583). Principles and practice of personal finance relevant to assessing and improving the financial security of older individuals. Topics covered include sources of income, management of cash flow, credit use and abuse, risk exposure, investment management, housing, and financial planning. Financial vulnerabilities of seniors will be explored. May be repeated for credit. Graded on A-F basis only.

Credit Hours: 3
Prerequisites: Bachelor or Master's degree in human services, social work, mental health, nursing physical rehabilitation or psychology; Must be enrolled in Graduate Certificate in Geriatric Care Management program


FINPLN 7960: Readings in Household Economics and Finance

Readings in recent research in household economics and finance.

Credit Hour: 1-99
Prerequisites: instructor's consent


FINPLN 7993: Internship in Personal Financial Planning

Internship in Personal Financial Planning.

Credit Hour: 1-99
Prerequisites: instructor's consent; Restricted to Personal Financial Planning Majors Only


FINPLN 8001: Topics in Personal Financial Planning

Selected current topics in field of interest.

Credit Hour: 1-99


FINPLN 8085: Problems in Household Economics and Finance

Supervised independent work related to household economics and finance.

Credit Hour: 1-99
Prerequisites: instructor's consent


FINPLN 8087: Seminar in Household Economics and Finance

Report and discussion of recent research and practice in household economics and finance.

Credit Hour: 1-99
Prerequisites: instructor's consent


FINPLN 8090: Master's Thesis Research in Personal Financial Planning

Independent research leading to thesis or dissertation. Graded on S/U basis only.

Credit Hour: 1-99
Prerequisites: instructor's consent


FINPLN 8183: Military Personal Financial Readiness

Financial planning process applied to military personnel and their families. Focus on service member status; financial readiness; record-keeping; management of cash flow, risk, credit and debt, savings, investments, tax, savings; education planning, retirement and estate planning. Graded on A-F basis only.

Credit Hours: 3


FINPLN 8187: Professional Practices in Financial Planning

Practice management techniques for Financial Planners. Graded on A-F basis only.

Credit Hours: 3


FINPLN 8380: Family Systems

Exploration of the family as a system within the broader context of society.

Credit Hours: 3


FINPLN 8385: Housing and Real Estate

The study of real estate as a component to household wealth. Graded on A-F basis only.

Credit Hours: 3


FINPLN 8386: International Employee Benefits and Retirement Planning

This course develops the theory and application of international employee benefits and retirement planning. Universal theory will be applied to analyze existing programs in an international context. Graded on A-F basis only.

Credit Hours: 3
Prerequisites: FINPLN 7183 and FINPLN 7383


FINPLN 8389: Financial Planning Case Studies

The analysis and development of appropriate presentations for effective financial plans.

Credit Hours: 3


FINPLN 8393: International Estate and Gift Planning

This course develops the theory and application of end of life planning in an international context. Core estate planning education will prepare students to sit for the CFP exam, while addressing issues prevalent in other countries. Graded on A-F basis only.

Credit Hours: 3
Prerequisites: FINPLN 7183, FINPLN 7383


FINPLN 8450: Applied Research in Household Economics and Planning

Independent research not leading to a thesis. Report required. For students completing Master's in Personal Financial Planning.

Credit Hour: 1-99
Prerequisites: instructor's consent


FINPLN 8483: Family Economics

Multidisciplinary study of research on families as economic units. Examines trends in family income, wealth, labor market participation, household production, distribution of household resources, use of public goods, and underground economy.

Credit Hours: 3


FINPLN 8485: Human Resource Development and Allocation

Economic analysis of conditions, programs and policies related to development and use of human resources, with special reference to impact on families and households.

Credit Hours: 3
Prerequisites: FINPLN 4387 or instructor's consent


FINPLN 8486: Social Policy and the Family Economy

Economic analysis of public programs that directly affect well-being of families: income maintenance, goods transfers, employment, housing, health, transportation, taxes, etc.; consideration of underlying philosophies, policy alternatives.

Credit Hours: 3
Prerequisites: FINPLN 7387 or instructor's consent


FINPLN 8488: Household Financial Decision Making

This course provides a solid foundation for critical thinking and research on household financial decision making. A selective but extensive review of normative and descriptive theories and empirical studies pertinent to household financial decision making is provided. The focus is on developing a critical perspective in students that enables them to identify opportunities to advanced theory toward relevant applications through research on household financial decision making.

Credit Hours: 3
Prerequisites: instructor's consent. A knowledge of intermediate micro economics, introductory statistics, and introductory differential calculus is assumed


FINPLN 8500: Personal Financial Planning Capstone

Independent work on project approved by major advisor and CFP (R) Program Director. For students completing Master's in Personal Financial Planning. May be repeated for credit.

Credit Hour: 1-99
Prerequisites: instructor's consent


FINPLN 8960: Readings in Household Economics and Finance

Readings in recent research in household economics and finance.

Credit Hour: 1-99
Prerequisites: instructor's consent


FINPLN 9001: Topics in Household Economics and Finance

Selected current topics in field of interest.

Credit Hour: 1-99


FINPLN 9085: Problems in Household Economics and Finance

Supervised independent work related to household economics and finance.

Credit Hour: 1-99
Prerequisites: instructor's consent


FINPLN 9087: Seminar in Household Economics and Finance

Report and discussion of recent research and practice in household economics and finance.

Credit Hour: 1-99
Prerequisites: instructor's consent


FINPLN 9090: Doctoral Dissertation Research in Personal Financial Planning

Independent research leading to thesis or dissertation. Graded on S/U basis only.

Credit Hour: 1-99
Prerequisites: instructor's consent


FINPLN 9960: Readings in Household Economics and Finance

Readings in recent research in household economics and finance.

Credit Hour: 1-99
Prerequisites: instructor's consent