UC Irvine Offers Elective in Personal Financial Planning

“Financial planning professionals must be able to accommodate the needs of a diverse client base,” said Lori Munoz-Reiland, director of business, management, legal, information technology and corporate solutions for UC Irvine Extension. “High net worth clients have an array of unique needs, which financial planners must understand and be comfortable with in order to succeed. This class prepares students to excel in satisfying the specific demands of this type of client.”
“Advanced Financial Planning Strategies for High-Net-Worth Clients” will provide students with a practical, application-based understanding of the latest high net worth planning devices, techniques and strategies with an emphasis on domestic and offshore asset protection strategies and application to California income, estate and gift tax planning. Students will also be equipped with a variety of cutting-edge financial planning strategies and techniques designed to assist in the development of a formal client solution presentation incorporating advanced financial, tax, and estate planning topics.

Course instructor Richard C. Watson III, JD, MSFS, CFP®, ChFC®, CLU®, AEP, EA, is the managing partner of Torres & Watson, an independent financial advisory practice of Ameriprise Financial. His planning experience includes advanced estate planning and income taxation, particularly for clients subject to the alternative minimum tax, as well as executive compensation, and tax-aware investment management issues.

“Since needs of high net worth clients are so unique, it is important to identify specific financial planning tactics that will benefit them the most,” said Watson. “Participants in this course will be armed with an assortment of guiding principles to help them better serve high net worth clients.”

Upon completion of the course, students will have a more in depth understanding of the following:

 Asset protection considerations in financial planning
 Financial and estate planning for restricted stock
 Financial and estate planning for compensatory stock options
 Charitable giving of works of art and other collectibles
 Valuation freeze techniques—QPRTS, GRATs, GRUTs, and intentionally defective grantor trusts
 Succession planning for family businesses
 Business entity valuation strategies—family limited partnerships/LLCs, valuation considerations, and the chapter 14 rules

 Generation skipping tax issues for high-net-worth clients
 Sophisticated life insurance techniques
 International tax and estate planning considerations in financial planning

UC Irvine Extension is known for its robust portfolio of finance-related continuing education programs such as the Personal Financial Planning Certificate Program, Investor Relations Certificate Program, Financial Planning Association (FPA) Residency Program, and Investment Management courses. For more information, visit http://unex.uci.edu/ or contact Lori Munoz-Reiland at 949-824-2282.

About the University of California, Irvine Extension: As the continuing education arm of UCI, UC Irvine Extension is dedicated to providing a university-level learning experience for students, offering thousands of exciting courses and programs to local, regional, and global constituencies. UC Irvine Extension offers a rich array of academic and community programs to support a diverse audience, from a wide selection of academic programs to numerous campus activities. For more information, please visit www.extension.uci.edu.

About the University of California, Irvine: The University of California, Irvine is a top-ranked university dedicated to research, scholarship and community service. Founded in 1965, UCI is among the fastest-growing University of California campuses, with more than 27,000 undergraduate and graduate students and about 1,400 faculty members. The second-largest employer in dynamic Orange County, UCI contributes an annual economic impact of $3.3 billion. For more UCI news, visit www.today.uci.edu.