Browse WME Course For Financial Planners (WME-FP)

Chapter 7: Personal Risk Management Process

In this section

  • Strategic Wealth Preservation: The Big Picture
    Discover comprehensive strategies to protect and maintain a client’s wealth against uncertainties, ensuring long-term financial security and resilience within the Canadian context.
  • Risk in the Context of Strategic Wealth Management
    Explore core personal risk concepts, types of risks, and their role in strategic wealth management for Canadian Financial Planners. Learn how to balance risk and reward, manage behavioral biases, and adapt to changing life stages.
  • Measuring Risk
    Explore the core principles and methods involved in quantifying client risk, covering both qualitative and quantitative approaches, tools for risk assessment, life insurance needs analysis, and disability planning within the Canadian financial context.
  • Identifying Risk within a Client’s Net Worth
    Explore how to uncover and mitigate various risks within a client’s net worth, including asset-liability mismatches, concentrated equity stakes, income protection gaps, liability exposures, and generational wealth transfer challenges in the Canadian financial landscape.
  • The Family Life Cycle
    Explore the key financial risks and opportunities at each stage of the family life cycle, from early career and singlehood to retirement and beyond, with strategies tailored to the Canadian context.
  • The Personal Risk Management Process
    Learn how to identify, evaluate, and mitigate personal risks using a structured approach tailored for Canadian financial planners. Explore insurance strategies, compliance considerations, and best practices.