CFP® Continuing Education

Mutual funds are important investment instruments that have been essential to both individual and corporate investors for well over a century. Beginning with a brief overview of basic investment principles and the evolution of mutual funds, this course addresses the fundamentals of mutual funds, how they are categorized, their roles and functions, and their investment characteristics. Compliance and regulatory issues are also examined.

LEARNING OBJECTIVES:

• Understand the history of mutual funds.
• Know the basic definition and workings of mutual funds.
• Recognize the various financial entities that work with mutual funds.
• Identify the impact and provisions of the Investment Companies Act of 1940, and its impact on mutual funds.
• Recognize different types of mutual funds.
• Identify the advantages and disadvantages of investing in mutual funds.
• Recognize compliance and regulatory elements governing mutual fund sales and programs.

TOPICS COVERED:

• Introduction
• Lesson 1: Mutual Funds
• Lesson 2: Mutual Funds in the Investment Companies Act of 1940
• Lesson 3: Types of Mutual Funds
• Lesson 4: Pros & Cons of Mutual Funds

REGULATORY REQUIREMENT:

Please see the state/regulatory requirement from the course catalog page.

SEAT TIME:

This course has been approved for 5 hour.

TESTING:

Final Exam – You will be required to pass the final exam with a 70% in order to receive course credit.

COURSE COMPLETION:

Upon successful completion of this course you will be able to print your certificate online.

ABOUT THE SUBJECT MATTER EXPERT:

This course was created by MGL Consulting, a leading provider of registration and compliance services to the financial services industry, since 1984. MGL’s team of experienced professionals provide a wide range of products and services designed specifically for broker/dealers, investment advisors and insurance companies, including:

• NASD, SEC and multi-state licensing and registration for broker/dealers
• SEC and multi-state licensing for investment advisors
• Insurance licensing, appointment and renewal services
• Written Supervisory Procedures
• Business Plan development
• Business Continuity Plans
• Regulatory Compliance Audits
• Continuing Education Needs Analysis and Program Development
• Financial Reporting
• Annual Compliance Meeting Programs

For more information regarding MGL Consulting and its services, please visit them online at www.mglconsulting.com.