Digital Assets and Rewards (Loyalty) Programs: Financial Advisor Essentials
By AGF Management Limited
In today’s world, estate planning includes planning for your client’s digital assets.
In this video, Michael Kulbak of Kulbak Trust Solutions helps financial advisors understand the importance of planning for digital assets, as well as reward program points, and what hurdles can arise related to these assets.
Kulbak defines digital assets — email, stored photos, online banking access, websites, cryptocurrency, e-books, social media activity and more — and he presents the challenges that executors and fiduciaries face when dealing with these assets.
Topics covered include valuation, tax implications, distribution, estate administration complexities and planning opportunities. The course also includes case studies that illustrate the importance of planning for digital assets and rewards program points.
After taking this course, financial advisors will understand:
• what digital assets are (5%)
• estate administration complexities related to digital assets and the importance of having a digital assets clause in a will (10%)
• issues related to accessing digital assets (10%)
• the ownership and valuation of digital assets (10%)
• complexities associated with email, social media and domain names (10%)
• digital asset tax implications (includes cryptocurrency and non-fungible tokens) (15%)
• estate planning considerations for loyalty program points (15%)
• planning tools and opportunities for digital assets (25%)
In the opinion of CE Corner, the content of this session aligns with FSRA’s requirements for Life and Accident & Sickness credits. However, it remains the responsibility of the individual license holder to check FSRA credits and confirm suitability.
Accreditation Details
Accreditation body
Competency
Credits
The Institute/IAFE
Ethics
--
Financial Planning
1.00
Practice Management
--
Product Knowledge
--
FP Canada
Product Knowledge
1.00
Professional Responsibility
--
Practice Management
--
Financial Planning
--
CSF
Matières générales
--
Mutual Funds
--
Assurance de personnes
--
Compliance
--
Courtage en épargne collective
--
General Subject
1.00
Group Insurance of Persons
--
Group Savings Plan Brokerage
--
Insurance of persons
--
ICS
Life Insurance
1.00
Alberta Insurance Council
General Insurance
--
Life Insurance
1.00
FSRA
Life and/or A&S
1.00
MFDA (2023-2025)
Business Conduct - Ethics
--
Business Conduct - Non-Ethics
--
Professional Development
1.00
CIRO Cycle 10
Professional Development
1.00
Compliance
--
Course Type:
Video
Passing Grade:
7/10 (70%)
