FPSB INDIA STUDY MATERIAL PDF

Financial Planning is one of the fastest growing careers across the world. Being one of the fastest growing economies, India currently has around 5 crore families with investible surplus. Assuming one financial planner is handling approx. This is set to grow at a faster rate. It is the most prestigious and internationally accepted Financial Planning certification recognized and respected by the global financial community. CFP CM Certification is for financial services professionals, customer relationship officers, insurance agents, stock brokers, those looking to expand their careers in the financial services business, and graduates who want to be professionally and globally recognized.

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Financial Planning is one of the fastest growing careers across the world. Being one of the fastest growing economies, India currently has around 5 crore families with investible surplus. Assuming one financial planner is handling approx. This is set to grow at a faster rate. It is the most prestigious and internationally accepted Financial Planning certification recognized and respected by the global financial community. CFP CM Certification is for financial services professionals, customer relationship officers, insurance agents, stock brokers, those looking to expand their careers in the financial services business, and graduates who want to be professionally and globally recognized.

Financial Planning is one of the fastest-growing professions across the world and Financial Planners are the most sought after professionals by a fast growing working population that earns well, and needs expert handling of their finances.

Financial Planners offer expert opinions on issues related to retirement planning, estate planning, tax planning, investment planning, insurance planning, financial management of small businesses and trusts, stock broking, debt and risk analysis. Needless to say a career as a Financial Planner can prove both challenging and rewarding. Most Financial Planners enjoy relatively low stress, have a high earning potential and enjoy a high degree of workplace autonomy.

The personal satisfaction element cannot be underestimated. As the profession is in its nascent stage various models are being tried and tested by the Financial Planners in India. But surely over a period of time the clear trend is towards Fee-only Model like other professions, i.

It is a Professional Certification Organization, part of leading Global Confederation established by prominent financial service corporations with an objective to professionalize the concept of Financial Planning in India. FPSB, Denver, US enters into licensing and affiliation agreements with non-profit organizations or their equivalent around the world that allows the organizations to establish and operate the CFP certification program in a country or region. CFP certification undertaken in any of the affiliate country is recognized globally and governed by cross border policy usage.

Cross-Border Use If an individual wishes to hold himself or herself out as a CFP professional or use the CFP marks outside his or her country or region of initial certification for anything other than incidental use, the CFP professional can pursue one of two options: 1. Once the CFP professional has completed the process, he or she can identify himself or herself as a CFP professional in those territories as well.

Education, Examination, Experience and Ethics. Candidates applying through the Challenge Status Pathway are deemed to have accomplished the Education Program considering their higher qualifications and work experience. Education criterion demonstrates to the public that the candidate has acquired the necessary knowledge to become a Financial Planner.

The experience requirement qualifies work experience that involves Personal Financial Planning. Candidates under the Regular Pathway may complete the experience criteria pre or post appearing for Exam 5. However candidates under Challenge Status pathway need to have attained relevant work experience before appearing for Exam 5.

The Experience criterion is meant to provide the public with the assurance that the candidate understands different products of Financial Planning and their intricacies for a specific client apart from the counseling nature of personal Financial Planning.

Careful adherence to these standards of professional conduct helps turn initial consultations into trusted, long term consulting relationships with clients and gain public confidence in the Profession and Certification. It essentially means that it is global in outlook but has been localized as per the laws and regulations governing a particular country.

The Syllabus is made by leading industry practitioners and academicians and is reviewed periodically to ensure that the curriculum is up-to-date and relevant to those working in the Financial Planning industry.

To apply for the appropriate one, please fill the relevant option in the Examination Enrollment Form. Must have completed 3 years of appropriate experience prior to CFP CM Examination 3 Years in Financial Services industry, 5 years for finance related experience in other industry, self-employed.

Moreover, the applicant also needs to have a minimum work experience of 6 years in the financial services industry. The Challenge Status Program is for professionals who already possess certain skill sets and proficiency which is expected of Financial Planners.

In order to enroll for the Certification through the Challenge Status Pathway, the candidate needs to meet the education and experience criteria. A candidate applying for the Challenge Status pathway needs to appear only for a single examination Exam 5. Nevertheless, the syllabus under the Challenge Status program is same as in the Regular Pathway. The fees for Exam , Exam 5 and Certification remains as mentioned above. The same would be a structured and trusting relationship that will bring CFP CM Certification aspirants with CFP CM Certificants who would offer guidance, support and encouragement aimed at developing the competence and character of the mentee.

FPSB India may also facilitate certain courseware for students at a nominal cost. The student has option to study by self through courseware available in the market. The student may also decide to enroll for various available Education Programs Distance Learning, Classroom Training, Web-based training, etc.

This proposal will ensure a student is not prohibited from pursuing the CFP CM Certification even if a student is competent to pursue the same through self study in a cost effective manner. However, this loan is currently available only on the education fee to be paid to the education Partner and not on the registration and exam fee which the student needs to pay to the Board. Some Education Partners also accept the fee in installments. However the advice has to be taken in isolation of other aspects of personal finance which may or may not yield the desired result.

In order to earn the AFP certification, you are required to complete the following course s : Module 1 — Introduction to Financial Planning Any one of the next four modules. Module 1 is embedded in each of the next 4 modules, thus making Exam 1 — 4. So, effectively a candidate needs to clear any one of Exam 1 — 4 in order to be eligible for AFP certification. Having fulfilled the education and examination requirements, you will have to fill up a certification form.

Having done all of the above, the final step would be for you to convert your student certificant status into an AFP certification status.

There will be no pro-rated refund on the student certificant fee paid. AFP being a professional certification, the certificant will be required to fulfill the Continuing Professional Development credit hours requirement. For AFP certificants, the requirement is 15 credit hours to be fulfilled per two-year reporting period. A CFP CM certificant can be relied upon not only on the matters of comprehensive financial planning but also on individual subjects be it taxes, insurance, investments or retirement.

Qualifying work experience can be earned prior to, concurrent with, or subsequent to your education and examination requirements under the regular mode. However if you are a Challenge Status student the work experience has to be compulsorily earned before the examination.

Having fulfilled the education, examinations and experience requirements, you will be required to fill up a certification form. You will be required to disclose past or pending litigation or agency proceedings, if any. Having done all of the above, the final step would be for you to convert your Student certificant status into a CFP CM certificant status.

Being a professional certification, you will be required to fulfill the Continuing Education CE points requirement. A candidate appearing for CFP CM examination through regular mode will require at least 3 months in completing certification.

However, a candidate appearing through Challenge Status mode can complete it within a month. Success in passing the exam opens up several opportunities for immediate recognition by your peers, customers and the financial services industry as a whole.

Successful candidates will be awarded a certificate. CFP CM Certificants who successfully apply for certification will be able to indicate their designation CFP CM on their professional identifications, including visiting cards and letter heads. You can maintain your AFP license, but we would encourage you to continue with the program that would ultimately lead you to the prestigious CFP CM mark that is globally recognized.

If for some reason you are unable to continue with the program, you have a maximum of 7 years to complete the CFP CM Certification Education Program course from the date of your first module registration.

In other words, you will need to undergo all the modules once again. In your case, you will be issued a Special Certificate by FPSB India mentioning that you have successfully accomplished the CFP CM Certification exams against an annual fee which is equivalent to the certification fee and following your successful completion of 3 years of work experience, you shall be awarded the CFP CM Certification.

In case the candidate is self-employed, then the form has to be signed by a Gazetted Officer. Home FAQs. What are the prospects of career in Financial Planning? What are the modes available to facilitate completion of education? What are the routes and fee structure available under Challenge Status Pathway? What do I gain for immediate recognition when I pass the exam?

Can I just maintain my AFP license in the meantime? What information do I need to provide when I apply for Practitioner Certification? Question 1 :. The fee structure currently applicable is given in the following table: S. All rights reserved.

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CFP Certification Training Programme

The education criterion is completion of four exams, viz. Exam 1 — 4. This demonstrates to the public that the candidate has acquired the necessary knowledge to become a Financial Planner. The education requirement prescribed by FPSB India ensures the development of necessary skills and knowledge to become successful Financial Planners.

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Sign me up! Weekend Batch: January Saturday: 5 pm to 9 pm Sunday: 9 am to 1. It is the most prestigious and internationally accepted Financial Planning qualification recognized and respected by the global financial community. In VRS exempt and all that also what is exempted?? In one of your post you have mentioned that we can read the theory part of RPEB in scribd. You will not be eligible for challenge status as it requires 3 years of workex. I will try to do the needful to provide the relevant study material through post on this website.

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The repository of domain knowledge includes a host of in-house developed seminars, workshops, certifications and training programmes leading to reputed certifications. As the Indian Financial Industry is transforming and maturing, professional financial planners have become an imminent need. In India,leading industry giants from the financial services sector have been promoting the concept of financial planning among customers and professionals. Vaijayanti Naik Sr. CFP professionals not only fulfil this demand but also bring credibility and integrity to the financial planning role. Assuming one financial planner is handling approx. Whether you are pursuing your graduation, seeking to improve your professional status or want to become a practicing financial planner, CFP certification can open the doors to better opportunities.

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