Who is Certified Financial Planner?
A Certified Financial Planner is one who takes a holistic view of financial life of an individual and provides him with strategic advice in regard to investment, insurance, tax, retirement and estate needs. Unlike product sellers who represent the interest of manufacturers of these products, a Certified Financial Planner works for the consumer, and does not have any particular product in mind when approaching a client.Certified Financial Planner (CFP) is an international certification program being conducted in the country by Financial Planning Standard Board (FPSB), India.
About Financial Planning Standards Board India
Financial Planning Standards Board, India (FPSB), an affiliate of CFP Board of Standards, USA, awards CFPCM mark in India. FPSB India is an industry initiative supported by eminent players in financial sector such as Alliance Bernstein Corporation, American Express Bank Ltd, Bajaj Capital Limited, Birla Sun Life Distribution, Birla Sun Life Insurance, Dynamic Equities Private Ltd, Fidelity Fund Management P. Ltd, Franklin Templeton Asst Management (India), HDFC Asset Management Co. Ltd. , HSBC Ltd. , ICICI Prudential Life Insurance Co. Ltd, ICICI Bank Limited, Lotus India AMC Pvt. Ltd., MetLife India Insurance Co Pvt. Ltd, Prudential ICICI Asset Management Co. Ltd, Reliance Capital Asset Management Ltd, SBI Funds Management Pvt. Ltd, SBI Life Insurance Co. Ltd, SKP Securities Ltd, Standard Chartered Bank, TATA AIG Life Insurance Company Ltd, TATA AMC Pvt. Ltd., UTI AMC Ltd, UTI Bank,.
Curriculum of CFPCM Certification Program
The CFP certification is granted to those individuals who have demonstrated technical competency to create a comprehensive and detailed financial plan (as per international standards) for an individual.The certification covers six modules as follows:
§ Mandatory Module: Introduction to Financial Planning.
§ Module 1 : Risk Management and Insurance Planning.
§ Module 2: Retirement Planning and Employee Benefits.
§ Module 3: Investment Planning.
§ Module 4: Tax Planning and Estate Planning.
§ Module 5: Advance financial planning.
Duration:
The duration of the course is linked with the number of exams you take, whereas to appear for the exam you need to register your Student Membership with FPSB, India, 2 months in advance, before taking the exam.
Course Books:
Our Study Material for the course is well renowned in Financial Industry of India. Companies like Deutsche bank, Hdfc Std life, ASK Wealth Advisor, Standard Chartered have realized that our books helped their employees to clear their examination. In fact companies like LIC Have been visiting over and over again to ICFP to train their employees
The course books are provided by International College of Financial Planning for the certified Financial Planner Course.
Examination:
Examinations are conducted every month. One has to study all six modules but has to sit for only five module examinations whereas you get the exemption to sit for the first module exam as it is being distributed in the further four module for the weightage of 20% each.
E-learning mode which includes:
§ Online books
§ Online Faculty
§ Discussion Forums
§ 10 Mock tests for each module
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