Aside from a Bachelor’s degree, there are no prerequisites required to take MSFP. For more details on what your application will entail, view the Requirements section.

Normally, students spend around 14 months for their 10 courses in the MSFP program, with two courses per quarter.

Upon enrolling in the MSFP program, students have seven (7) years to complete full degree requirements, including 10 full courses (four core, six in concentration of choice) and electives (if applicable).

Tuition for each course includes all fees and course materials, but does not include the initial $100 application fee for the program. For a complete listing, view the Tuition & Fees section.

Program tuition is paid on a per-course basis. To see our current tuition rate and options, view the Tuition & Fees section.

We are proud to offer scholarship opportunities for qualifying active-duty military personnel, veterans, and spouses. For more information, visit our Center for Veterans Affairs.

Program discounts and promotions are offered occasionally to our email subscribers. Some partner companies also offer exclusive tuition rates. For more information, check with your employer or contact our Admissions team at 888-795-6306.

Sunsetted in 2021, the MSFS provided expertise in the wealth accumulation process and the knowledge to help business owners develop compensation, succession planning, and retirement income strategies.

GS 817/MSFP 534 - Personal Income Taxation and Decision-Making

This course explores the strategies used by financial planners to help clients achieve greater tax efficiency. Topics include income tax concepts and calculations, income tax research methods, gross income realization, exclusions and deductions, passive activities, alternative minimum tax, tax considerations of business forms, taxable and non-taxable property transactions, compensation planning, family tax planning, audit risk, and dealing with the IRS. 

GS 551/MSFP 551 - Insurance Analysis for Families

This course introduces students to the application of insurance planning and risk management in personal financial planning. It is designed to provide students with an understanding of the concepts of identification of risk exposure, legal aspects of insurance, property and liability policy analysis, life insurance policy analysis, health insurance policy analysis, employee benefits, social insurance, insurance regulation, and principles of insurance taxation.

Topics include: career issues; contractual and agency legal issues; insurance distribution systems (including Internet); evaluating insurers; personal risk assessment; risk strategies; alternative risk transfer approaches; life insurance programming and product analysis; key-person insurance; business continuation applications; life insurance use in income & estate tax planning; applicability of other insurance products (e.g., health, disability, general liability, property and casualty); HMOs, group insurance plans; workers compensation; relevant aspects of social security; negligence issues; errors & omissions policies; and professional ethics. 

GS 537/MSFP 537 - Retirement Planning and Employee Benefits

This course covers strategies used by financial planners to help clients assess employee benefits and to reduce the tax burden while planning for retirement. Topics include: retirement needs analysis; defined benefit and contribution plans; profit sharing; 401k; 403b; ESOP; IRA; SEP-IRA; Roth-IRA; Keogh; TSA; social security benefits and integration; vesting; employee benefits analysis; funding vehicles; plan installation and administration; asset balancing; buy-sell agreements, ERISA; stock redemption and cross-purchase plans; evaluation of retirement timing; life-cycle planning; retirement lifestyle issues; distribution planning; and post-retirement financial and qualitative assessment of needs. 

GS 811/MSFP 538 - Investment Theory and Portfolio Management

This course investigates the investment process from the perspective of a financial planner or investment advisor advising individuals and families. This course will cover advanced concepts related to financial market theory, including market efficiency, portfolio theory and optimization, asset pricing models, and stock and bond valuation techniques. The nature and use of mutual funds and ETFs, and tax-efficient investing, including asset location concepts, will also be explored. It is designed to provide students with an understanding of the concepts of investment regulation, client assessment, investment theory, environment and financial markets, strategies and tactics, modern portfolio theory, and integration. 

GS 539/MSFP 539 - Estate Management and Planned Giving

This course explores the application of estate planning methodologies and policies to personal financial planning. Introduces estate planning tools and strategies to assist a client in developing, maintaining, and transferring his/her wealth consistent with objectives. Topics include: professional role differentiation between financial advisers, CPAs, and estate-planning attorneys; writing disclaimers in a financial plan; gift and estate taxation; ownership of personal and real property issues; wills; letter of last instructions; trusts; trustees/personal representatives and their fiduciary responsibilities; probate strategies; implications for individuals; general/limited partnerships; closely held businesses; corporations; life insurance funding; post-mortem planning; creative estate planning strategies consistent with client goals and values; and charitable giving strategies. 

GS 633/MSFP 633 - Personal Financial Planning Case Study

This course explores the techniques and methods for utilizing financial planning practice standards in the development of comprehensive financial plans for clients. This course will integrate the material learned in Tax, Insurance, Retirement, Estate and Investment Planning. It is designed to be taken when students have finished the core competencies courses in the Financial Planning Program. The course will be structured as a casework course, and the cases used will closely reflect the types of cases students may encounter both as financial planners and as part of their CFP® certification. Students will write and present a comprehensive financial plan.

GS 815/MSFP 615 - Advanced Estate Management Planned Giving

An advanced gift and estate planning course which presents an overview of basic gift, estate, and generation-skipping transfer tax law and tax computation processes. This course also discusses the ownership and taxation of transfers of property during a lifetime and at death in addition to marital, charitable giving, and life insurance planning. Family business entity planning and buy-sell agreements are also addressed in the course.

GS 838/MSFP 543 - Business Succession Strategies

This course covers advanced topics in business succession planning. Provides an overview of gift and trust taxation to illustrate how charitable transfers facilitate business succession planning objectives. Presents detailed coverage of family limited partnerships and limited-liability companies. Covers sales and gifts of business interests using discounting techniques. The course discusses the use of executive benefit and retirement plan strategies to facilitate succession planning. The course includes a comprehensive case study.

HS 353 - Retirement Income Process, Strategies, and Solutions

Upon completion of this course, the student will be able to: understand the steps in creating an effective retirement income plan; identify retirement income needs, objectives, and goals by evaluating the client’s current situation; determine how to choose the appropriate retirement income strategy for your clients; evaluate income tax, estate issues, retirement risks, and other threats to an effective retirement income plan; and integrate risk management tools, products, and strategies to create an effective retirement income plan.

HS 354 - Sources of Retirement Income

This course explores sources of retirement income in depth. After completion, you should be able to: recommend the optimal age to claim Social Security benefits as appropriate for each client's situation; help the client evaluate the factors to consider when determining an appropriate retirement age; understand the role of annuities in a retirement income plan; have a better understanding of how executive benefits and retirement benefits for federal and military employees fit into the plan; understand the different ways that life insurance can be used in planning and how to address the retirement needs of the small business owner; understand how to build a retirement income portfolio; and become more familiar with the latest research on strategies for ensuring that retirement assets last a lifetime.

HS 355 - Managing the Retirement Income Plan

This course will help you: choose the appropriate tax-efficient distribution options from a retirement plan; help a client create a health expense budget and navigate the many decisions regarding Medicare and other health care options; help a client prepare for their long-term care needs; navigate retirement housing decisions and address home equity strategies; identify the key ethical issues in retirement income planning; and create and manage retirement income portfolios appropriate for each client’s situation.

GS 808/MSFP 631 - Advanced Retirement Planning and Employee Benefits

This course addresses current issues relevant to helping clients save for retirement and ensure that adequate retirement income lasts a lifetime. The first day focuses on the retirement savings issues including the retirement savings crisis, determining retirement needs, motivating clients to save, and maximizing savings through tax strategies. Day two primarily addresses the issue of choosing an appropriate retirement income strategy but also addresses a very practical issue, when to claim Social Security benefits.

GS 815/MSFP 615 - Advanced Estate Management and Planned Giving

An advanced gift and estate planning course which presents an overview of basic gift, estate and generation-skipping transfer tax law and tax computation processes. It discusses the ownership and taxation of transfers of property during lifetime and at death in addition to marital, charitable giving, and life insurance planning. Family business entity planning and buy-sell agreements are also addressed in the course.

GS 838/MSFP 543 - Business Succession Strategies

This course covers advanced topics in business succession planning. It provides an overview of gift and trust taxation to illustrate how charitable transfers facilitate business succession planning objectives, presents detailed coverage of family limited partnerships and limited-liability companies, and covers sales and gifts of business interests using discounting techniques. The course discusses the use of executive benefit and retirement plan strategies to facilitate succession planning. This course includes a comprehensive case study.

GS 839/MSFP 544 - Planning for Impact in the Context of Family Wealth

The focus of this course is on wealth in families and wealthy families in community with others. By the end of this course, the fundraiser or advisor should have the knowledge needed to elicit client or donor goals for self, family and society and to convene a team to achieve those goals now, later, at death or beyond death, through a financial plan, business exit plan, estate plan, or gift plan.

GS 849/MSFP 549 - Charitable Gifting Strategies

The focus of this course is on charitable tax strategies, tools, and techniques. By the end of this course, students will have the knowledge needed to open a client-specific or donor-specific conversation about the features and benefits of appropriate charitable tools. The student will then be able to convene a planning team, or in simpler cases, close for the gift.

GS 859/MSFP 559 - Gift Planning in a Nonprofit Context

The focus of this course is on gift planning for nonprofits. By the end of this course, students should have the knowledge needed to apply the concepts and processes introduced in MSFP 544 and MSFP 549 to develop six- to eight-figure gifts for a specific nonprofit from its highest-capacity donors.

GS 817/MSFP 534 - Personal Income Taxation and Decision-Making

This course explores the strategies used by financial planners to help clients achieve greater tax efficiency. Topics include income tax concepts and calculations, income tax research methods, gross income realization, exclusions and deductions, passive activities, alternative minimum tax, tax considerations of business forms, taxable and non-taxable property transactions, compensation planning, family tax planning, audit risk, and dealing with the IRS.

GS 660/MSFP 660 - Advanced Business Taxation

This course is a cross-discipline study of important tax reduction strategies at both the federal and state levels. Major topics will include lifetime gifting, estate freezes, valuation reduction techniques, life insurance policies and planning, charitable vehicles, cross-border techniques, and planning for retirement and other deferred income accounts. Students will use real client situations to progress from identifying opportunities to achieve better tax outcomes to analyzing the substantive issues involved in developing a concrete plan.

GS 561/MSFP 561 - Taxation of Trusts, Gifts, and Estates

Explores taxation of personal trusts and estates; fiduciary rights, powers, and duties; trust accounting; virtual representation; total return trusts; and planning and drafting.

GS 562/MSFP 562 - Multijurisdictional Taxation

This course examines the taxation of business entities and individuals by competing taxing jurisdictions. The first part of the course focuses on state taxation including nexus, allocation, and apportionment issues. The second part is an overview of cross-border and international tax issues emphasizing “outbound” investments and activities of U.S. taxpayers.

GS 563/MSFP 563 Tax Research & Policy Analysis

This course covers tax law research methods; interpreting statutes, cases and rulings; communicating research results; administration and professional responsibilities of tax practice.

OR

GS 567/MSFP 567 - International Taxation

This course examines U.S. taxation of international commercial transactions involving U.S. and foreign taxpayers.

Plus two (2) elective courses of your choice

GS 842/MSFP 547 - Executive Compensation 

Covers executive compensation plans, emphasizing owner-employees of closely held businesses. Focuses on the design of cash and bonus compensation, stock options and other forms of compensation with restricted property; life insurance, including split-dollar plans and other death benefits; nonqualified deferred compensation; health and disability plans; and various fringe benefits. Covers plan installation, financing and administration, as well as ERISA, tax, including sections 280G and 409A and other legal and accounting compliance issues. The course culminates with the analysis of a comprehensive case study.

GS 831/MSFP 532 - Ethics for Financial Planners

This course approaches ethics and human values from the particular perspective of the ethical responsibilities assumed by the financial services professional. This course considers the specific ethical situations encountered by financial services practitioners. Discusses and evaluates responses to these situations in terms of their adherence to ethical principles, such as integrity, justice and fairness and responsibility. Draws on insights from the fields of social psychology and behavioral ethics to investigate obstacles to good decision making that occur at the social and individual level. Considers ways to overcome these obstacles and ensure that behavior aligns with ethical principles.

GS 840/MSFP 580 - Building and Managing a Financial Advisory Practice

This course encompasses the concepts of improving the operational efficiency and profitability of a financial advisory practice. The approach used in this course focuses on two major areas: how to increase recurring revenue, profit, and repeatable processes; and how to structure the practice in such a way that it can be sold for maximum profit, if applicable. The course concentrates on the eight essential business and operational disciplines: client acquisition, client management, the consultative sales/planning process, case development, time management, communication, education, and financial management. The final project for this course is a comprehensive business plan containing each of the disciplines, with a focus on increasing the value of the practice.