Accordion Panel

The MINIMUM requirements to become and obtain your Principles-Based Financial Planner Certification™ is to complete the following steps:

Step 1: Complete the Personal Financial Snapshot Online Training Course

Step 2: Complete the 2 Year Training and Program

Step 3: Have a minimum of 4 Years of Work Experience

Step 4: Successfully Study and Pass the Final Examination

Why doesn’t the Snapshot model appear as soon as I open the software?

The Snapshot Model will only appear after you have created a client record, and named the client record. See pages 8-9 and 11 of the User Manual.

I’ve entered the Family Member information but still cannot enter data on the other tabs.

Most of the tabs require that you select a family member or business owned from the dropdown menu to which you are associating the information.

For example, on the Family Income Tab you must first select a Family Member on the dropdown menu located in the upper left area of the tab, above the tax filing status. Once you select a family member, you should be able to click on the Add New icon and begin entering more data.

I’ve input the client’s existing life insurance and disability insurance information, but it isn’t appearing on the model.

You may have missed one or both of these steps. First, make sure to enter the client’s maximum life insurance and disability insurance on the Family Members tab for each family member, and also check the box that asks if you want to Use in Model.

If it still doesn’t show up on the model, go to the Family Protection tab, click on Life Insurance, and make sure the Use for Model checkbox is checked for each policy that you would like to show up on the model.

Is there an order that I should input data?

Yes. You first need to add each of the family members and the maximums for both life and disability insurance. Remember that the maximums are either what you are recommending, or the underwriting limits as given by the insurance companies you place business with.

The next information you should enter is the income for each Family Member, under the Family Income and/or Businesses Owned tabs.

What inputs should I enter as annual amounts and what inputs should be entered as monthly amounts?

All premiums should be entered as annual amounts.

Disability insurance benefit amount should be entered as a monthly amount.

Income from investments (i.e. rental properties) should be entered as annual.

Where do the numbers come from when entering income and taxes for a Family Member?


  • Adjusted Gross Income comes from line 37 of the IRS form 1040.
  • Taxable Income comes from line 43 of the IRS form 1040.
  • If a couple files Married Filing Jointly, only enter the tax information and Adjusted Gross Income under one of the clients’ names.
  • The Earned Income is the income that the particular family member earns per year from a particular source. This does not necessarily have to be the same number as what you find on the tax return (especially if the household has more than one income earner, or multiple sources of income).
    • For example, if John Doe earns $150,000 W-2 income from his employment at XYZ Corp, but his tax return states that the Adjusted Gross Income is $250,000, you would input $150,000 in the Earned Income area of John’s record.


  • Total Tax comes from line 63 of the IRS form 1040.
  • The Federal Refund amount comes from line 75 of the IRS form 1040 (regardless of whether the client actually received the refund or applied it to the tax for the next year).
  • If the client owed taxes by the filing deadline, the amount owed will be found on line 78 of the IRS form 1040.
  • An amount owed will be entered as a negative number on the refund line in on the 1 Family Income tab.
  • Because each state tax form is unique, you will need to find the actual state tax (not the amount withheld, but the actual tax for the year), and the refund or amount owed, and enter that information in the family income area as well.
What if a client earns income from a business? How is the income entered in that situation?
  1. If the client owns a business and is paid a wage from the business, that income is entered under the Family Income tab, and would be entered as either 1099 income or W2 income (you need to find out from the tax return how the income is paid to the client).
    • If the client also has a net profit from the business (which would be shown on the business’ profit and loss statement), that profit would be entered on the Businesses Owned tab, in the Income area.
    • Example: John Doe owns ABC Realty Inc. He pays himself a wage of $50,000 per year, and also has a net annual profit of $75,000. You would enter the $50,000 wages on the Family Income tab in the Earned Income area, and the $75,000 net profit would be entered under Businesses Owned in the Income area.
What is the difference between Liquidity and Systematic Savings under the Family Savings and Business Savings tabs?
  1. Liquidity is money that is already in the account. Systematic Savings is the amount of money currently being saved in a particular account.
What counts as a “liquid” account?
  1. A liquid account is not an investment of any kind. It is not a mutual fund, or gold, or any other non-cash investment. A liquid account is one that is already in cash form. For this reason, only cash accounts are listed in the dropdown menu for Liquidity Type.
When should I use the Area of Concern feature?
  1. The Area of Concern feature can be used to remind the advisor to discuss an area of the Protection Component even if the level of coverage is already “maximum” or anything below that. It is a way to emphasize an area that you feel requires attention.
    • The checkbox for Area of Concern can be found on each Family Protection tab (i.e. Auto Insurance through Life Insurance), and is located at the bottom left of the tabs window.
What do I input in the Medical Insurance area related to Coverage (Points)?
  1. This area of Family Protection is more subjective than others, and the range of points is determined by you the advisor.
    • For example, you could rate the medical insurance coverage on a scale of 1-10, with 10 being the highest rating (or best coverage).
  2. The Recommended should be the highest value in the range you choose. What you rate the client’s existing coverage is what you enter in the “Coverage (Points)” area. If a client has a high premium (relative to the options that you believe are available to the client), combined with a high annual deductible, and a high annual out-of-pocket maximum, I would suggest giving the coverage a low ranking.
Can I get a refund?

All sales are final. No refunds available..

How to download the Personal Financial Snapshot Software Application?

Step 1 – Go to the Download page HERE to download the software to your computer.

Step 2 – Click on the blue “Snapshot Build” button.  If you are using Windows, this should download the software to your Downloads folder. If you are using iMac, you need to make sure you are using Parallels Desktop for Windows to download the software.

Step 3 – You will need to go to your Downloads folder and click Run once the software is downloaded.

Step 4 – This should take you to the install wizard.  The security software on your computer will likely try to stop you from downloading and installing the software.  For the Windows Defender, you will need to click “More” and choose the option to “Run Anyway”. 

Step 5 – For antivirus software, such as Norton or McAfee, you may need to pause or disable them for a few minutes while you install the software.  Norton should recognize our software as safe, as we have gone through all of their processes to be recognized as safe. 

Step 6 – Go step by step through the Setup wizard. 

Step 7– Click Finish and Run when done. This should bring up a window that asks for the activation code.  Choose the option to Activate Online (you can’t activate it offline).  Then input your Activation Code, which is ABKD0Q0C00GHJ2AA8H2N3Z1IWFZX25.  Remember you cannot copy and paste.  Also, all zeroes are zeroes, not the letter O (there are no O’s). 

All sales are final. No refunds available..

Click HERE to get the latest software update.