Description: The majority of clients most Financial Planners engage with have strong credit but occasionally we encounter clients who do not. Credit scores have a broader impact than what we often recognize often affecting the pricing of auto & life insurance as well as job and rental applications to name a few. Ashley Murphy CFP® AIF®, Founder and Principal of Areté Wealth Strategists, discusses how financial planners can help clients manage, monitor and improve this vital part of a client's financial life.
Learning Objectives/Outcomes: After taking this course, participants will be able to:
- Identify where a client's credit score may be impacting their financial life
- Provide advice to clients on how their credit score is calculated and what they might do in the near term to improve their score
- Take practical steps to monitor their credit and do scenario planning to see what difference certain changes would make to their credit score.
Instructor: Ashley Murphy
Principle Knowledge Topic: Risk Management and Insurance Planning
CFP® Credits: 1