Certified Financial Planner Program

The Certified Financial Plannercm (CFPcm) designation is a professional certification mark for financial planners conferred by the Certified Financial Planner Board of Standards (CFPcm Board), India. It is an internationally accepted Financial Planning qualification recognized in more than 20 countries across the globe. It gears candidates to provide comprehensive financial advisory services to individuals.

According to the Economic Times “Wealth Management” will be the 6th most sought after career in 2015.The CFPcm certification prepares you for wealth management. This certification will provide you chance of getting employed at wealth management ,financial planning firms, Banks , Mutual Funds etc or one can start one’s own Financial planning or wealth advisory.

1. It is ideal for students who wish to pursue a career in investment advisory and financial planning or financial advisory then CFPcm is an option.
2. Individual Financial Advisors.
3.Employees of organizations engaged in financial advisory services, including Stock Broking and Distribution Houses, Banks, Wealth Manage-ment Companies, Asset     Management Companies, Insurance Companies, Consumer Credit Companies etc.

More Info

Where will a CFP find opportunity?

A

  • Private Banking
  • Tax Planning
  • Fund Management
  • Portfolio Management
  • Mutual Fund

B

  • Wealth Management
  • Investment Consultancy
  • Financial Products Designing
  • Financial Products Marketing
  • Retirement Planning

C

  • Life Insurance
  • Financial Advisory Services
  • General Insurance
  • Insurance Products
  • Estate Planning

CFP Path & Salary?

Job profile

  • Trainees and executives with wealth managers, banks & product distributors
  • Sales Managers, Relationship Managers,Wealth Managers work experience financial expertise
  • Functional heads like retirement specialists, tax specialists and business/regional heads

Qualification/Experience

  • Qualification/Experience
  • Pursuing CFP Certification
  • CFP with work exp. and other professional qualifications

Level & Expected Pay (P.A)

  • Entry Level salary Rs 2-3 lakh
  • Middle level salary Rs 4-7 lakh
  • Senior Level Above Rs 10 lakh

CFP Examination

Exam Papers

  • Module 1 : Introduction To Financial Planning
  • Module 2 : Risk Analysis & Insurance Planning
  • Module 3: Retirement Planning & Employee Benefits
  • Module 4 : Investment Planning
  • Module 5: Tax Planning & Estate Planning
  • Module 6 Advanced Financial Planning

How to register for Exam

  • 1. Register with finOptions for study program
  • 2. Generate NCFM ID
  • 3. Register with FPSB India for the regular or the challenge status mode
  • 4. Take the Exams at NSE India Centre
  • Note: No separate exam is conducted for Module no. 1. Weightage of 20% of module no.1 is given in all other modules.

CFP Requirements and Pathway to do CFP

Requirements for CFP Certification

  • One needs to fulfill the following four criteria to obtain the CFP Certification
  • Examination: The candidate has to pass the CFP certification exam i.e. she/he has to clear all the five papers.
  • Education: 12th Std Pass/Equivalent
  • Experience: For graduate candidates 3 years of work experience is mandatory either pre or post Certification exam. In case of non graduates the criteria is 6 years of work experience
  • Ethics On completion of above requirements, the candidate has to sign declaration for adherence to FPSB India's Code of Ethics & Rules of Professional Conduct

Pathway of CFPcm Education

  • 1. Regular Pathway - Open to all after 12th standard
  • Exam: Candidates have to write all the five exams
  • 2. Challenge Status Pathway for working Professional
  • 1. Requires additional higher qualification or professional qualification as specified by FPSB India (CA, MBA, M.com, CFA, CWA,LLB etc)
  • 2. Requires a minimum of 3 years work experience in Institutions/Banks or 5 years experience in Financial Services Industry as self employed or in finance related departments of other Industries
  • Exams: Candidates have to write only 1 exam of Advance Financial Planning

Content Of the Program

Introduction to Financial Planning

Risk Analysis & Insurance Planning

Retirement Planning and Employee Benifits

Investment Planning

Tax Planning and Estate Planning

Advanced Financial Planning

Training Fees (Excluding examination & Registration fees of FPSB India)

Trainig Charges

  • Registrations Fees + Training Fees (Including Services Tax)

Regular Way

  • INR 35000

Challenge Status

  • INR 25000

Eligibility

"In India generally an average CFPcm earns a salary between Rs2.5- 8 lakhs. A qualified CFP can easily find job opportunities in Banks, Wealth Management firms, Financial Advisory firms, Mutual Fund house and Insurance Companies etc."