Susan M. Tillery, CPA/PFS, CFP® , Tom Tillery, MA Ed, MSFS, CFP®, CLU®, ChFC®, LUTCF, CRPC®

American Institute of CPA's

    Credit Info
  • NASBA Field of Study

    Specialized Knowledge

  • Format

    1 year

  • Level


  • CPE Credit


  • Course acronym


  • Prerequisites


  • Course duration

Investment Vehicles and Strategies

SKU: PFPINV_17E_1 Category:
Do you need an introduction to investment vehicles and strategies to educate your clients on the rationale for the strategies used in their investment accounts? Updated for the Tax Cuts and Jobs Act of 2017, this three-part self-study course examines the implementation phase of the investment planning engagement, including types of investment vehicles, investment strategies, and investment valuation. Narrated by Tom Tillery, this course covers several types of investment strategies used by investment advisers and the rationale behind their selection, including:

  • Active versus passive management

  • Market timing

  • Dollar cost averaging

  • Dividend and capital gain distribution reinvestment

  • Systematic withdrawal plans, bond laddering, and hedging strategies.

Further, this course looks at asset pricing theories as they relate to the value and risk of an investment portfolio, types of market analyses, and how to analyze the value of an individual stock and bond. Two asset pricing theories, two of the most influential theories on asset pricing the investment adviser uses, are analyzed in the course:

  • Capital asset pricing model (CAPM)

  • Arbitrage pricing theory (APT)

This course also delves into leveraging using margin accounts and the risks associated with this strategy, as well as strategies for concentrated portfolios.

Lastly, we will also take a fresh look at IRC Section 1031 like-kind exchanges, with an emphasis on the specific tax regulations governing these transactions.
Hurry up, special offer for a limited time only.
Topics discussed

  • Types of investment vehicles
  • Investment strategies
  • Investment valuation

Learning objectives

  • Recognize what is insured by the FDIC or the NCUA.
  • Calculate taxable interest on the purchase of a bond with accrued interest.
  • Determine the type of security to recommend to a client based on the client’s circumstances.
  • Differentiate between active and passive portfolio management.
  • Recall when an investor should expect a margin call.
  • Differentiate among the various types of financial ratios in a financial ratio analysis.
  • Calculate the price-earnings ratio for a stock.

Who will it benefit?

CPAs and financial planners with basic knowledge of, and interest in, personal financial planning.