Liberty Law home to first exclusively JD-based CFP Board registered program
October 11, 2018
Liberty University School of Law is proud to announce that it has registered with the Certified Financial Planner Board of Standards Inc. (CFP Board) the first board registered financial planning program exclusively based in a Juris Doctor program.
An independent certifying organization, CFP Board owns the CFP® and Certified Financial Planner™ certification marks, which it awards to individuals who meet its education, examination, experience, ethics, and other requirements. Students completing the financial planning program at Liberty University School of Law will be eligible to sit for the national CFP® Certification Examination administered by CFP Board.
Liberty Law launched the Wealth Management and Financial Planning Program inside its JD program this past academic year. The program allows residential JD students the ability to earn a concentration certificate in Wealth Management and Financial Planning after successfully completing a track of nine law school courses that include taxation of individuals, taxation of businesses, insurance law, business planning, and estate planning, among others.
Dean B. Keith Faulkner remarked, “Liberty Law’s Wealth Management and Financial Planning program prepares graduates to find employment in the fast-growing fields of trust and wealth management, estate planning, financial planning, and tax. Being recognized as a CFP approved program, and the first in the nation exclusively housed in a Juris Doctor curriculum further illustrates the caliber of Liberty Law's program of legal education and adds yet another opportunity for our students to gain innovative and skills-based training.”
“We believe that our Wealth Management and Financial Planning graduates will be able to add unique value as lawyers with robust and solid training in the wealth management and financial planning domains,” said Associate Dean Timothy M. Todd, who serves as the Wealth Management Program Director at the law school. He added, “Our graduates will not only understand the underlying theory and best practices, but as lawyers, will be able to draft the actual instruments and documents to effectuate their client’s goals.”
The program is also supported by an advisory board, which has members from all over the mid-Atlantic from various practice backgrounds, such as financial planners, accountants, lawyers, bank officers, and others.
“We’re proud to partner with professionals in industry that allow us to ensure that our program is meeting the needs of clients and employers,” said Todd.
In considering a school’s application to register a program, CFP Board compares the program with the financial planning content areas identified in extensive, periodic job-task analysis studies. The job-task analyses survey financial planning professionals to determine areas students should master in order to provide competent, ethical financial planning services. The topics to be mastered can be categorized into the following broad subject areas: general principles of financial planning, insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning and estate planning.
The mission of CFP Board is to benefit the public by granting the CFP® certification and upholding it as the recognized standard of excellence for personal financial planning. CFP Board owns the certification marks CFP®, Certified Financial PlannerTM, CFP® (with plaque design) and CFP®(with flame design) in the U.S., which it awards to individuals who successfully complete initial and ongoing certification requirements. CFP Board currently authorizes more than 64,000 individuals to use these marks in the United States. For more about CFP Board, visit www.CFP.net.