please guide for business
This query is : Resolved
12 February 2017
i am qualified Bcom
i want as a financial planner business
please guide any other quilyficacation or licences
required for this business
12 February 2017
MBA will be the better option.
12 February 2017
What is CFP Certification Course?
Certified Financial Planning is among the fastest growing careers in the world. In India, the international CFP certification is awarded by the Financial Planning Standards Board of India(FPSB India). The CFP certification is rated as a Gold Standard and gets its holder acceptance and recognition across a diverse range of Financial organizations in 22 countries around the world. There are currently over 1,00,000 CFPCM Charters worldwide and around 1200 + CFPs in India. As per current industry estimates, the requirement for financial advisers will be around 50000 in the coming years.
Demand for CFP Certification
CFP Certification: Mandated by the Finance Industry and Regulatory Bodies.
An increasing number of multinational banks such as ICICI Bank, Standard Chartered Bank, American Express Bank and others have made it mandatory for their Relationship Managers to acquire the CFP certification in order to raise current service standards to optimum level. Regulatory bodies like SEBI, IRDA, PFRDA etc. are also gradually educating and encouraging consumers to consult CFPs for their financial needs. Along with this, Charter Members of FPSB India have resolved that they will give first preference to CFPCM Charters during recruitment
CFP Certification: Demand from the consumers
With the spread of the internet, consumers now have access to a wealth of information about financial products. As a result, the consumer is evolving with respect to understanding the benefits and working of these products and services. Unqualified advisors will find it difficult to handle such finance-savvy consumers. Only professionals with appropriate knowledge and skill credentials will be able to serve such customers satisfactorily i.e. Certified Financial Planners.
Where will a CFPCM find opportunity?
Private Banking Wealth Management Life Insurance
Tax Planning Investment Consultancy Financial Advisory Services
Fund Management Financial Products Designing General Insurance
Portfolio Management Financial Products Marketing Insurance Products
Mutual Fund Retirement Planning Estate Planning
CFP Path & Salary
Job profile Qualification/Experience Level & Expected Pay (p.a)
Trainees and executives with wealth managers, banks & product distributors Pursuing CFPCM Certification Entry Level salary Rs 2-3 lakh
Sales Managers, Relationship Managers, Wealth Managers work experience financial expertise Pursuing CFPCM Certification Middle level salary Rs 4-7 lakh
Functional heads like retirement specialists, tax specialists and business/regional heads CFPCM with work exp. and other professional qualifications Senior Level Above Rs 10 lakh
CFPCM Examination
Exam Papers How to register for Exam
Module 1 : Introduction To Financial Planning 1. Register with Proschool for study program
Module 2 : Risk Analysis & Insurance Planning 2. Generate NCFM ID
Module 3: Retirement Planning & Employee Benefits 3. Register with FPSB India for the regular or the challenge status mode
Module 4 : Investment Planning 4. Take the Exams at NSE India Centre
Module 5: Tax Planning & Estate Planning
Module 6 : Advanced Financial Planning.
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 CFPCM Certification Pathway of CFP Education:
One needs to fulfill the following four criteria to obtain the CFPCM Certification: 1. Regular Pathway - Open to all after 12th standard.
Examination: The candidate has to pass the CFPCM certification exam i.e. she/he has to clear all the five papers. Exam: Candidates have to write all the five exams
Education: 12th Std Pass/Equivalent. 2. Challenge Status Pathway for working Professional :
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. 1. Requires additional higher qualification or professional qualification as specified by FPSB India (CA, MBA, Mcom, CFA, CWA,LLB etc)
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. 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
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 Exams: Candidates have to write only 1 exam of “Advance Financial Planning
Certification and Exam Fee
Regular Way Challenge Status
Registration with FPSB India (One year Validity)
Rs. 11,236
Rs.19,101 ( Rs.11,236 for employee of Charter member)
Exam Fee
Rs.2247 * 4 modules and Rs.5618 for Final Module
Rs.5,618
Total Fee
Rs.25,843
Rs.26,966 (Rs.16,845 for employee of charter member)
What is CFP Certification Course?
Certified Financial Planning is among the fastest growing careers in the world. In India, the international CFP certification is awarded by the Financial Planning Standards Board of India(FPSB India). The CFP certification is rated as a Gold Standard and gets its holder acceptance and recognition across a diverse range of Financial organizations in 22 countries around the world. There are currently over 1,00,000 CFPCM Charters worldwide and around 1200 + CFPs in India. As per current industry estimates, the requirement for financial advisers will be around 50000 in the coming years.
Demand for CFP Certification
CFP Certification: Mandated by the Finance Industry and Regulatory Bodies.
An increasing number of multinational banks such as ICICI Bank, Standard Chartered Bank, American Express Bank and others have made it mandatory for their Relationship Managers to acquire the CFP certification in order to raise current service standards to optimum level. Regulatory bodies like SEBI, IRDA, PFRDA etc. are also gradually educating and encouraging consumers to consult CFPs for their financial needs. Along with this, Charter Members of FPSB India have resolved that they will give first preference to CFPCM Charters during recruitment
CFP Certification: Demand from the consumers
With the spread of the internet, consumers now have access to a wealth of information about financial products. As a result, the consumer is evolving with respect to understanding the benefits and working of these products and services. Unqualified advisors will find it difficult to handle such finance-savvy consumers. Only professionals with appropriate knowledge and skill credentials will be able to serve such customers satisfactorily i.e. Certified Financial Planners.
Where will a CFPCM find opportunity?
Private Banking Wealth Management Life Insurance
Tax Planning Investment Consultancy Financial Advisory Services
Fund Management Financial Products Designing General Insurance
Portfolio Management Financial Products Marketing Insurance Products
Mutual Fund Retirement Planning Estate Planning
CFP Path & Salary
Job profile Qualification/Experience Level & Expected Pay (p.a)
Trainees and executives with wealth managers, banks & product distributors Pursuing CFPCM Certification Entry Level salary Rs 2-3 lakh
Sales Managers, Relationship Managers, Wealth Managers work experience financial expertise Pursuing CFPCM Certification Middle level salary Rs 4-7 lakh
Functional heads like retirement specialists, tax specialists and business/regional heads CFPCM with work exp. and other professional qualifications Senior Level Above Rs 10 lakh
CFPCM Examination
Exam Papers How to register for Exam
Module 1 : Introduction To Financial Planning 1. Register with Proschool for study program
Module 2 : Risk Analysis & Insurance Planning 2. Generate NCFM ID
Module 3: Retirement Planning & Employee Benefits 3. Register with FPSB India for the regular or the challenge status mode
Module 4 : Investment Planning 4. Take the Exams at NSE India Centre
Module 5: Tax Planning & Estate Planning
Module 6 : Advanced Financial Planning.
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 CFPCM Certification Pathway of CFP Education:
One needs to fulfill the following four criteria to obtain the CFPCM Certification: 1. Regular Pathway - Open to all after 12th standard.
Examination: The candidate has to pass the CFPCM certification exam i.e. she/he has to clear all the five papers. Exam: Candidates have to write all the five exams
Education: 12th Std Pass/Equivalent. 2. Challenge Status Pathway for working Professional :
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. 1. Requires additional higher qualification or professional qualification as specified by FPSB India (CA, MBA, Mcom, CFA, CWA,LLB etc)
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. 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
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 Exams: Candidates have to write only 1 exam of “Advance Financial Planning
Certification and Exam Fee
Regular Way Challenge Status
Registration with FPSB India (One year Validity)
Rs. 11,236
Rs.19,101 ( Rs.11,236 for employee of Charter member)
Exam Fee
Rs.2247 * 4 modules and Rs.5618 for Final Module
Rs.5,618
Total Fee
Rs.25,843
Rs.26,966 (Rs.16,845 for employee of charter member)
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