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**
Assistant Professor R. Yao**, M. Guillemette*
Teaching Assistant Professor S. Ivey, H. Zan*
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.

Personal Financial Planning Graduate Programs
College of Human Environmental Sciences
239 Stanley Hall
573-882-7836
http://pfp.missouri.edu/

Director of Graduate Studies: Rui Yao

 

The College also offers a PhD in Human Environmental Sciences with an emphasis in either Personal Financial Planning or Consumer and Family Economics.

About the Program

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; an Applied Master’s Degree; and a joint JD/MS in cooperation with the School of Law.

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.

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
Ryan Law, Director of the Office for Financial Success and Missouri Center for Economic Education

 

 

FINPLN 1183. Financial Survival. 1 Credit.

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.

FINPLN 2083. Financial Planning Careers. 1 Credit.

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.

FINPLN 2183. Personal and Family Finance. 3 Credits.

Individual and family finance, with particular emphasis on financial planning, savings, insurance, investments, taxes, use of credit, and financial aspects of housing. Prerequisites: Mathematics [MATH] 1100/1120 with grade of C or above, and sophomore or above standing. Math Reasoning Proficiency Course.

FINPLN 2185. Consumer as Entrepreneur. 3 Credits.

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

FINPLN 3282. Financial Counseling. 3 Credits.

Practical course on client financial counseling. Includes development of sales techniques and training, focus on personality strengths and weaknesses, creation of the sales process, and the role of technology in counseling. Prerequisite: Personal Financial Planning [FINPLN] 2183 or instructor's consent.

FINPLN 3283. Financial Planning: Computer Applications. 3 Credits.

Development of expertise in analyzing family financial case situations via applications of the mathematics of finance, utilizing computer spreadsheets and family financial management software. Prerequisites: Personal Financial Planning [FINPLN] 2183.

FINPLN 3285. Financial Planning: Real Estate. 3 Credits.

Family housing and real estate investments as components of the family's quality of life and asset portfolio. Prerequisites: Personal Financial Planning [FINPLN] 3283; 5-6 hours of Economics [ECONOM]; Statistics [STAT] 1300 or 2500.

FINPLN 3287. Consumer and Household Economics I. 3 Credits.

Theory, concepts, principles underlying consumer decision-making, including rationality, uncertainty, optimal search, heuristics, interactive decisions; strategies for their application in the marketplace. Prerequisites: 5-6 hours of Economics [ECONOM].

FINPLN 4000. Problems in Personal Financial Planning. 1-99 Credit.

Supervised and independent work. Prerequisites: a 2000- or 3000-level course in field of problem, and senior standing, and instructor's consent.

FINPLN 4183. Sales Management. 3 Credits.

Prepares students to enter financial service occupations dependent upon sales and sales management. Attention given to skill development, evaluation of current and best practices. Prerequisites: junior standing; acceptance into professional program; Personal Financial Planning [FINPLN] 2183 Pre- or co-requisite FINPLN 3283 or instructor's consent.

FINPLN 4187. Tax Planning. 3 Credits.

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

FINPLN 4188. Community Agencies and Volunteerism. 3 Credits.

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. Pre/corequisites: Personal Financial Planning [FINPLN] 3282, 4187/7187 or instructor's consent. Graded on A/F basis only. Not available to Pre-Personal Financial Planning majors.

FINPLN 4189. Financial Planning: Applied Tax Law. 3 Credits.

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. Prerequisites: Personal Financial Planning [FINPLN] 4187 or instructor's consent.

FINPLN 4318. Topics in Personal Financial Planning. 1-99 Credit.

Selected current topics in field of interest. Prerequisites: vary with topic.

FINPLN 4355. Recent Trends in Personal and Financial Planning. 1-3 Credit.

For upper-class students who wish additional knowledge and understanding in specific subject matter areas. Prerequisites: vary with the topic.

FINPLN 4380. Assessing the American Dream. 3 Credits.

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. Prerequisite: English [ENGLSH] 1000 and junior standing or instructor's consent.

FINPLN 4382. Financial Planning: Risk Management. 3 Credits.

Analysis of family financial risks and conservation of family assets via risk management, with primary focus on personal lines of insurance. Prerequisites: Personal Financial Planning [FINPLN] 3283; 5-6 hours of Economics [ECONOM]; Statistics [STAT] 1300 or 2500. Not available to Pre-Personal Financial Planning majors.

FINPLN 4383. Financial Planning: Investment Management. 3 Credits.

Introduction to investment for family financial planning. Prerequisite: Personal Financial Planning [FINPLN] 3283; 5-6 hours of Economics [ECONOM]; Statistics [STAT] 1300 or 2500; ECONOM 3229 or instructor's consent. Not available to Pre-Personal Financial Planning majors.

FINPLN 4386. Financial Planning: Employee Benefits and Retirement Planning. 3 Credits.

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

FINPLN 4387. Consumer and Household Economics II. 3 Credits.

Theory of economic behavior examining the household as both consumer and producer of goods and services, human capital investments, intertemporal decisionmaking, and use of computative studies to examine price and income effects. Prerequisite: Personal Financial Planning [FINPLN] 3287 or Economics [ECONOM] 3251; Statistics [STAT] 1300 or 2500.

FINPLN 4388. Effective Consumer Decision-Making. 3 Credits.

Theory, concepts, principles underlying consumer decision-making, including rationality, uncertainty, optimal search, heuristics, interactive decisions; strategies for their application in the marketplace. Prerequisites: 5-6 hours of Economics [ECONOM].

FINPLN 4389. Financial Planning: Case Analysis. 3 Credits.

The course emphasizes the use of analytical tools to develop effective financial plans for individuals and households. Prerequisites: Personal Financial Planning [FINPLN] 4187, 4382, 4383 or instructor's consent. Not available to Pre-Personal Financial Planning majors.

FINPLN 4393. Financial Planning: Estate and Gift Planning. 3 Credits.

Fundamentals, practical problems and solutions in basic estate and gift planning, business succession planning, and taxation issues. Prerequisites: Personal Financial Planning [FINPLN] 4382 and 4383 or instructor's consent. Not available to Pre-Personal Financial Planning majors.

FINPLN 4418. Topics in Personal Financial Planning. 1-99 Credit.

Selected current topics in field of interest. Prerequisites: instructor's consent.

FINPLN 4483. Financial Success. 1 Credit.

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.

FINPLN 4992. Readings in Personal Financial Planning. 1-99 Credit.

Prerequisite: 2-3 hours in subject.

FINPLN 4993. Internship in Personal Financial Planning. 1-99 Credit.

Prerequisites: junior standing and instructor's consent.

FINPLN 7000. Problems in Personal Financial Planning. 1-99 Credit.

Prerequisites: 4000-level course in field of problem and instructor's consent.

FINPLN 7001. Topics in Household Economics and Finance. 1-99 Credit.

Selected current topics in field of interest. Prerequisites: graduate standing.

FINPLN 7083. Teaching Personal Finance Literacy. 3 Credits.

(same as Learning Teaching and Curriculum Vocational [LTC_V] 7083) Principles and practices of teaching personal finance with particular emphasis on income, money management, spending and credit, and savings and investing. Prerequisites: Graduate standing. Course graded on A/F basis only.

FINPLN 7085. Problems in Household Economics and Finance. 1-99 Credit.

Supervised independent work related to household economics and finance. Prerequisite: graduate standing and instructor's consent.

FINPLN 7087. Seminar in Household Economics and Finance. 1-4 Credit.

Reports and discussion of recent research and practice in household economics and finance. Prerequisite: graduate standing.

FINPLN 7183. Fundamentals of Personal Financial Planning. 3 Credits.

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. Prerequisite: graduate standing.

FINPLN 7187. Financial Planning: Tax Planning. 3 Credits.

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. Prerequisites: graduate standing required. Personal Financial Planning [FLNPLN] 2183, FINPLN 3283, Accountancy [ACCTCY] 2010 or equivalent or instructor's consent.

FINPLN 7282. Advanced Financial Counseling. 3 Credits.

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.

FINPLN 7355. Recent Trends in Personal Financial Planning. 1-3 Credit.

For upper-class and graduate students who wish additional knowledge and understanding in specific subject matter areas. Prerequisites: vary with the topic; graduate standing.

FINPLN 7380. Assessing the American Dream. 3 Credits.

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. Prerequisite: graduate standing.

FINPLN 7382. Financial Planning: Risk Management. 3 Credits.

Analysis of family financial risks and conservation of family assets via risk management, with primary focus on personal lines of insurance. Prerequisites: graduate standing and Personal Financial Planning [FINPLN] 3283; 5-6 hours of Economics; Statistics [STAT] 1300 or 2500.

FINPLN 7383. Financial Planning: Investment Management. 3 Credits.

Management of family financial investments. Prerequisites: graduate standing and Personal Financial Planning [FINPLN] 3283; 5-6 hours of Economics; Statistics [STAT] 1300 or 2500.

FINPLN 7386. Financial Planning: Employee Benefits and Retirement Planning. 3 Credits.

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. Prerequisites: graduate standing and Personal Financial Planning [FINPLN] 4382, 4383, or instructor's consent.

FINPLN 7387. Consumer and Household Economics II. 3 Credits.

Theory of economic behavior examining the household as both consumer and producer of goods and services, human capital investments, intertemporal decision-making, and use of computative studies to examine price and income effects. Prerequisite: graduate standing and Personal Financial Planning [FINPLN] 3287 or Economics [ECONOM] 3251; Statistics [STAT] 1300 or 2500.

FINPLN 7388. Effective Consumer Decision-Making. 3 Credits.

Theory, concepts, principles underlying consumer decision-making, including rationality, uncertainty, optimal search, heuristics, interactive decisions; strategies for their application in the marketplace. Prerequisites: graduate standing and Personal Financial Planning [FINPLN] 2185; 5-6 hours of Economics.

FINPLN 7389. Financial Planning: Case Analysis. 3 Credits.

The course emphasizes the use of analytical tools to develop effective financial plans for individuals and households. Prerequisites: Personal Financial Planning [FINPLN] 2183, 4183, 4382, 4383. Graduate Standing Required.

FINPLN 7393. Financial Planning: Estate and Gift Planning. 3 Credits.

Fundamentals, practical problems and solutions in basic estate and gift planning, business succession planning, and taxation issues. Prerequisites: graduate standing and Personal Financial Planning [FINPLN] 4382 and 4382.

FINPLN 7412. Research Methods in Personal Financial Planning. 3 Credits.

Introduction to the scope, purpose and methods of research in consumer and family economics, with emphasis on economic survey methods. Prerequisites: graduate standing, and an introductory statistics course.

FINPLN 7583. Personal Financial Issues of Older Adults. 3 Credits.

(same as Human Development and Family Studies [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. 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. May be repeated for credit. Graded on A/F basis only.

FINPLN 7960. Readings in Household Economics and Finance. 1-99 Credit.

Readings in recent research in household economics and finance. Prerequisites: graduate standing and instructor's consent.

FINPLN 7993. Internship in Personal Financial Planning. 1-99 Credit.

Prerequisites: graduate standing and instructor's consent.

FINPLN 8001. Topics in Personal Financial Planning. 1-99 Credit.

Selected current topics in field of interest. Prerequisite: graduate standing.

FINPLN 8085. Problems in Household Economics and Finance. 1-99 Credit.

Supervised independent work related to household economics and finance. Prerequisite: graduate standing and instructor's consent.

FINPLN 8087. Seminar in Household Economics and Finance. 1-99 Credit.

Report and discussion of recent research and practice in household economics and finance. Prerequisite: graduate standing and instructor's consent.

FINPLN 8090. Master's Thesis Research in Personal Financial Planning. 1-99 Credit.

Independent research leading to thesis or dissertation. Graded on S/U basis only. Prerequisite: graduate standing and instructor's consent.

FINPLN 8183. Military Personal Financial Readiness. 3 Credits.

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

FINPLN 8187. Professional Practices in Financial Planning. 3 Credits.

Practice management techniques for Financial Planners. Graded A/F only.

FINPLN 8380. Family Systems. 3 Credits.

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

FINPLN 8385. Housing and Real Estate. 3 Credits.

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

FINPLN 8386. International Employee Benefits and Retirement Planning. 3 Credits.

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. Prerequisites: Personal Financial Planning [FINPLN] 7183 and 7383. Course graded on A/F basis only.

FINPLN 8389. Financial Planning Case Studies. 3 Credits.

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

FINPLN 8393. International Estate and Gift Planning. 3 Credits.

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. Prerequisites: Personal Financial Planning [FINPLN] 7183, 7383. Graded on A/F basis only.

FINPLN 8450. Applied Research in Household Economics and Planning. 1-99 Credit.

Independent research not leading to a thesis. Report required. For students completing Master's in Personal Financial Planning. Prerequisite: graduate standing, and instructor's consent.

FINPLN 8483. Family Economics. 3 Credits.

Multi-disciplinary 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. Prerequisites: graduate standing.

FINPLN 8485. Human Resource Development and Allocation. 3 Credits.

Economic analysis of conditions, programs and policies related to development and use of human resources, with special reference to impact on families and households. Prerequisites: graduate standing; Personal Financial Planning [FINPLN] 4387 or instructor's consent.

FINPLN 8486. Social Policy and the Family Economy. 3 Credits.

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. Prerequisites: graduate standing; Personal Financial Planning [FINPLN] 7387 or instructor's consent.

FINPLN 8500. Personal Financial Planning Capstone. 1-99 Credit.

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

FINPLN 8960. Readings in Household Economics and Finance. 1-99 Credit.

Readings in recent research in household economics and finance. Prerequisites: graduate standing and instructor's consent.

FINPLN 9001. Topics in Household Economics and Finance. 1-99 Credit.

Selected current topics in field of interest. Prerequisites: graduate standing.

FINPLN 9085. Problems in Household Economics and Finance. 1-99 Credit.

Supervised independent work related to household economics and finance. Prerequisite: graduate standing and instructor's consent.

FINPLN 9087. Seminar in Household Economics and Finance. 1-99 Credit.

Report and discussion of recent research and practice in household economics and finance. Prerequisite: graduate standing and instructor's consent.

FINPLN 9090. Doctoral Dissertation Research in Personal Financial Planning. 1-99 Credit.

Independent research leading to thesis or dissertation. Graded on S/U basis only. Prerequisite: graduate standing and instructor's consent.

FINPLN 9960. Readings in Household Economics and Finance. 1-99 Credit.

Readings in recent research in household economics and finance. Prerequisites: graduate standing and instructor's consent.