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EXAM FM/CAS 2 REVIEW SEMINAR AND STUDY GUIDE, FALL 2008
Exam P/CAS 1| Exam MLC | Exam C/CAS 4 | Study Guides

SEMINAR LOCATIONS AND SCHEDULE
For the Fall 2008 session, the Exam FM review seminar will be offered in New York. The seminar fee is $295. The schedule and locations are as follows.

  New York
Saturday, October 18 and Sunday October (two days, 9AM to 5PM)
SLC Conference Center,
352 – 7th Avenue, New York NY,
212-244-5888
(note that the SLC Conference Center is not a hotel, it has meeting rooms only)

In the seminar, the aim is to review all course topics in as much detail as possible in the allotted time, with an emphasis on developing efficient problem identification and problem solving skills while reinforcing fundamental understanding of concepts. The seminar will be lecture format, in which important underlying concepts will be reviewed along with presentation of solutions to many former exam and exam-related problems. Prof. Broverman is available by e-mail and telephone, both before and after the seminar for questions that arise relating to the exam and the seminar study material. At the seminar, there will be time for questions in both a group and individual setting.

The study material for the seminar is the S. Broverman study guide for Exam FM. The study guide is sent out about 6 to 8 weeks in advance of the seminar. The seminar fee includes the study material.


EXAM FM STUDY GUIDE

The study guide contains about 330 pages of notes and problem sets, including over 75 examples with detailed solutions, and about 175 problems in the problem sets, all with detailed solutions. Many of the examples and problems are taken from prior SOA. The study guide also contains 7 practice exams of 30 questions each with detailed solutions. 

An excerpt from the study guide in PDF form can be found at the following link: Exam FM Study Guide Excerpt.
The current errata list for the FM study guide can be found here: FM Study Guide Errata

Participants are strongly urged to thoroughly review the study guide material and exam catalog reference material prior to the seminar.

I have prepared a suggested pre-seminar study schedule for Exam FM : Exam FM Study Schedule.

  Topics
Day 1
9:00 – 10:00
 - Effective and nominal interest and discount rates, force of interest
10:15 – 11:00  - Level payment annuity-immediate and –due
11:30 – 12:00  - Annuities with varying interest rates, perpetuities, increasing/decreasing annuities
12:00 – 1:00  - Lunch
1:00 – 2:00  - Annuities with geometric payments, dollar-weighted and time weighted reutrn
2:10 – 3:30   Loan amortization, sinking fund method   
3:40 – 5:00  - Bond valuation and amortization  
Day 2  -   
9:00 – 10:00  - Duration of cashflows, forward contracts  
10:10 - 11:00  - Options
11:10 – 12:00  - Options
12:00 - 1:00  - Lunch
1:00 – 2:00  - Options
2:10 - 3:30  - Term structure of interest rates, swaps and immunization


To register for the seminar, you can use the on-line pre-registration form on the home page , or use the mail-in registration form , or e-mail me directly at 2brove@rogers.com.

PURCHASE OF EXAM FM (SOA/CAS) STUDY GUIDE
If you are unable to attend the seminar and wish to purchase the EXAM FM (SOA/CAS 2) study guide, the price is $90 (US funds). The price includes the cost of first-class mail delivery. Please include your mailing address when ordering the study guide.

The material can be ordered by e-mail ( 2brove@rogers.com ), telephone (416-966-9111), or fax (416-966-9119),or with the mail-in registration form.


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