Self-Study: Surgent's Raising Financially Capable Children

Overview

This course is available until April 30, 2025.

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, their first contact is to 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.

Highlights

• Discussion of the importance of a 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

Prerequisites

None

Designed For

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

Objectives

• Understand the importance of financially capable children
• Be familiar with the basic elements of financial education
• Be able to deal with the most common questions and answers
• Recognize how to build a stronger relationship with clients