annual report 2014 -2015 - fpsb india report_2014-2015.pdf · fpsb india annual report 2014-2015| 3...

FPSB INDIA ANNUAL REPORT 2014-2015| 1

ANNUALREPORT

2014�-2015

FPSB�India


Between You and MeDate : 10 April, 2015Dear Friend,

Financial Planner continues to be amongst the Top 20 jobs in the CareerCast 2014 rankings of America’s 200 jobs. Financial Planner was ranked as the 16th best job with specifics of the job related to careers in portfolio management and offering a broad range of services aimed at assisting individuals in managing and planning their financial future. In India, Financial Planning shall be increasingly relevant as an art and science to firstly create wealth and then manage wealth in a disciplined manner to achieve financial goals. It is more towards attaining a state of financial freedom, a way of achieving balance in our financial transactions on an ongoing basis than one-off transactions. The number of CFP professionals in India stands at 1,820 as on 31 December 2014. The number is 1.57 lakh of the CFP professionals certified worldwide.

India with a major share of middle class population requires Financial Planning services to achieve life goals of her masses. In three decades India will have the second largest population of senior citizens in the world. This is on top of the fact that no social security has been built as a Government initiative. This entails Retirement Planning to be our top priority. Hence, a holistic retirement plan is the need of the hour.

In India, the regulatory efforts are at an advanced stage to creating an effective oversight of intermediaries in the financial services. The vision of FPSB India is to harmonize diverse financial domains on the Personal Finance platform for an individual’s disciplined achievement of financial goals. Such domains include investments in accordance with risk profile to achieve financial goals; insurance to cover risk to life, health and assets; a retirement plan or a suitable arrangement in lieu thereof to build a sufficient retirement corpus; estate planning for effective and tax-efficient transfer of assets to dependents, etc. The aim of FPSB India is to strike a convergence of regulations blurring the differentiation in products of similar profile which fall under different regulatory purview. We would continue with our efforts to scale up the Financial Planning movement in the country and work closely with all stakeholders for further augmentation of Financial Planning profession in the country. We look forward to the continuance of your worthy patronage. We sincerely endeavour the profession to help India’s Wealth Quotient on an upward spiral.

Warm Regards,

Ranjeet S MudholkarVice Chairman & CEO, FPSB India


CONTENT

I. Membership / CFP Professional Statistics 5

II. Examination 11

III. Area Wise Distribution of CFPCM Professionals Eligible for Certification 15

III. Charter Member-wise numbers of CFPCM Certificants 17

V. Education Partners 19

VI. Continuous Education 21

VII. Ethics and Discipline / Practice Standards 23

VIII. Marks Promotion / Protection 23

IX. Current / Upcoming Events and Publication 24

X. List of Board of Directors 25

XI. List of Charter Members of FPSB India 26


MEMBERSHIP / CFPCM PROFESSIONAL STATISTICS

1. Number of CFPCM certificants and change since month

2. Demographic information on CFPCM certificants

Gender Number Percentage of TotalMale 1465 81.25%

Female 338 18.75%

Age Number Percentage of Total20-29 161 8.93%

30-39 790 43.82%

40-49 554 30.73%

50-59 248 13.75%

60+ 50 2.77%

CategoryNumber at end of March , 2015

Number at end of March, 2014

Percentage growth

CFPCM certificants 1,803 1,849 -2.49%

Student 32,987 31,110 6.03%

AFP 96 67 43.28%

Corporate 44 47 -6.38%

1

81%

19%

Male

Female

Demographic Information on CFPCM Certificants Number (Gender Wise)

9%

44%30%

14%3%

Age 20-29

Age 30-39

Age 40-49

Age 50-59

Age 60+

Demographic Information on CFPCM Certificants Number (Age Wise)

Years of Experience Number of CFPCM Professionals Percentage of Total

0-5 992 55.02%

6-10 417 23.13%

11-15 188 10.43%

16-20 97 5.38%

20+ 109 6.05%


Student Member Enrollment Statistics

2013 - 14* Enrollments

TermApr- 14

May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Total

Total 174 156 152 190 129 211 141 177 157 153 133 104 1877

Enrollments & Growth Rate (Year-wise)

Enrollment Year No of Enrollments Growth Rate2002 -03 284 NA

2003 -04 684 140.85

2004 -05 852 24.56

2005 -06 1,608 88.73

2006-07 2,443 51.87

2007-08 4,196 71.75

2008-09 3,867 (7.90)

2009-10 3,363 (12.98)

2010-11 4,391 30.57

2011-12 4,070 (7.31)

2012-13 3,132 (23.04)

2013-14 2220 (49.32)

2014-15 1,877 (15.45)

Total 32,987

* As on 31st March, 2015


55%

23%

11%

5%6%

0-5 Years

6-10 Years

11-15 Years

16-20 Years

20+ Years

Experience Profile of CFPCM Certificants

0500

100015002000250030003500400045005000

Series1

Growth of Student Enrolment

0

1000

2000

3000

4000

5000

6000

Series1 Series2

Year wise Trend of Candidates Passed vs. Eligible for Certification



Profile of Enrollments in the last three years

PeriodRegular Pathway

Challenge Status Pathway

Total EnrollmentsEducation Partner mode

Self Study mode Total

2013-14 1456 (-32.75%) 764 (-20.99%) 2220 (-29.12%) 289 (-37.17%) 2509 (-30.15%)

2012-13 2165 (-31%) 967 (6%) 3132 (-23%) 460 (-28%) 3592 (-24%)

2011-12 3156 914 4070 641 4711

Percentage of Enrollments – Pathways and Modes – in the last two years





2014-15 56% 35% 91% 9% 100%

2013-14 58% 30% 88% 12% 100%

2012-13 61% 26% 87% 13% 100%

2011-12 67% 19% 86% 14% 100%

Year Education Partner mode Self Study mode Challenge Status Pathway2014-15 44% 43% 31%

2013-14 43% 48% 41%

2012-13 40% 46% 33%

2011-12 41% 44% 48%

Pass Percentage across Pathways and Modes

Total Enrollments in the Year 2014-15 and Growth over previous year





Apr 2014 – Mar 2015 1156 (-20.60%) 721(-5.63%) 1877 (-15.45%) 171 (-40.83%) 2048 (-18.37%)

Apr 2013 – Mar 2014 1456 764 2220 289 2509

Figures in Bracket represent Percentage change in 2014-15 versus 2013-14

Figures in Bracket represent Percentage change over the previous year


CFPCM certificantsIndependent Practitioners

(I)Corporate Executives

(C)Others (O) Total Eligible

Spl. Case#

Not* EligibleGrand Total

Grandfatherees (GF) 6 (GFI) 80 (GFC) 6 (GFO) 92 1 15 107

Education Provider (EP) 23 (EPI) 23 (EPC) 7 (EPO) 53 1 3 56

Challenge Status (CS) -- -- -- -- -- -- --

Total 29 103 13 145 2 18 163

Details of CFPCM certificants’ statistics: 31st March, 2006




Spl. Case#




Challenge Status (CS) -- 11 (CSC) -- 11 -- -- 11

Total 59 156 24 239 2 43 282






Spl. Case#




Challenge Status (CS) 4 (CSI) 24 (CSC) 1 (CSO) 29 1 0 29

Total 103 229 33 365 5 110 475





Spl. Case#


Grandfatherees (GF) 8 (GFI) 66 (GFC) 8 (GFO) 82 1 -- 82

Education Provider (EP) -- -- -- -- -- -- --


Total 8 66 8 82 1 -- 82





Spl. Case#



Education Provider (EP) 19 (EPI) 5 (EPC) 2 (EPO) 26 -- 1 27


Total 28 90 10 128 1 1 129





Spl. Case#



Education Provider (EP) -- -- -- -- -- -- --


Total 8 24 7 39 1 -- 39


Statistics of CFPCM certificants:





(I)

Corporate Executives


Fees Paid

Fees Not Paid

Spl. Case#


Grandfatherees (GF) 5 (GFI) 58 (GFC) 7 (GFO) 70 55 15 1 37 107

Education Provider (EP) 131 (EPI) 401 (EPC) 51(EPO) 583 453 130 3 303 886

Challenge Status (CS) 10 (CSI) 118 (CSC) 7 (CSO) 135 87 48 4 1 136

Total 146 577 65 788 595 193 8 341 1129



(I)



Fees Paid

Fees Not Paid

Spl. Case#


Grandfatherees (GF) 4 (GFI) 51 (GFC) 1(GFO) 56 55 1 51 51 107

Education Provider (EP) 282 (EPI) 586 (EPC) 10(EPO) 878 793 85 106 745 1,623

Challenge Status (CS) 28 (CSI) 263 (CSC) 1 (CSO) 292 201 91 18 19 311

Total 314 900 12 1,226 1,049 177 175 815 2,041



(I)


(C)

Others (O)

Total Eligible

Fees for FY 2010 - 11Fees Not Paid

Not Eligible due to

Total Not

Eligible

Grand TotalRecd.

Before31st Mar

10

Recd.After

31st Mar 10

TotalNon-

PaymentIncomplete Documents

Grandfatherees (GF) 4 (GFI) 51 (GFC) 1 (GFO) 56 31 21 52 4 51 0 51 107

Education Provider (EP) 338 (EPI) 812(EPC) 55(EPO) 1205 58 977 1,035 170 156 927 1083 2,288

Challenge Status (CS) 58 (CSI)398

(CSC)3 (CSO) 459 13 309 322 137 66 3 69 528

Total 400 1,261 59 1,720 102 1,307 1,409 311 273 930 1203 2,923



(I)


(C)

Others (O)

Total Eligible

Fees Received forFY 2011-12

Fees Not Paid

Not Eligible due to

Total Not

Eligible

Grand TotalRecd.

Before31st Mar

11

Recd.After

31st Mar 11

TotalNon-

PaymentIncomplete Documents


Education Provider (EP) 421 (EPI)858 (EPC)

114 (EPO)

1393 0 1177 1177 216 264 1131 1395 2788


(CSC) 2

(CSO)576 0 404 404 172 147 2 149 725

Total 504 1401 117 2022 9 1618 1627 395 465 1133 1598 3620



*Not Eligible Candidates are those who have passed all the exams and are either in the process of complying with documentation to assess their fitness or not meeting Fitness criteria such as adequate prescribed Experience, etc. The category also includes earlier certified individuals who have not paid fees for one or more previous years and need to be recertified.

Details of CFPCM Certificants’ statistics: As on 31th March 2013


(I)


(C)

Others (O)

Total Eligible


Fees Not Paid

Not Eligible due to

Total Not

Eligible

Grand TotalBefore

31-Mar '12

After 31-Mar

'12Total

Non-Payment

Incomplete Documents


Education Provider (EP) 452 (EPI) 834 (EPC)143

(EPO)1429 0 1254 1254 175 385 1372 1757 3186


(CSC) 2 (CSO) 585 0 436 436 149 275 2 277 862

Total 547 1370 146 2063 9 1726 1735 328 718 1374 2092 4155

Details of CFPCM Certificants’ statistics: As on 31st March 2014


(I)


(C)

Others (O)

Total Eligible


Fees Not Paid

Not Eligible due to

Total Not

Eligible

Grand TotalBefore

31-Mar '13

After 31-Mar

'13Total

Non-Payment



Education Provider (EP) 461 (EPI) 840 (EPC) 176 (EPO)

1477 66 1240 1306 171 521 1473 1994 3471


(CSC) 2 (CSO) 600 15 488 503 97 388 2 390 990

Total 555 1389 178 2122 91 1758 1849 273 970 1475 2445 4567

Details of CFPCM Certificants’ statistics: As on As on 31st March, 2015


(I)


(C)Others (O)

Total Eligible


Fees Not Paid

Not Eligible due to

Total Not

Eligible

Grand TotalBefore

31-Mar '14

After 31-Mar

'14Total

Non-Payment



Education Provider (EP) 476 (EPI) 841 (EPC) 215 (EPO) 1532 40 1224 1264 268 609 1636 2245 3777

Challenge Status (CS) 98 (CSI) 527 (CSC) 7 (CSO) 632 2 502 504 128 431 2 433 1065

Total 578 1406 222 2206 48 1755 1803 403 1104 1638 2742 4948


1. Information on Examinations administered during FY 2014-2015*.

Exam typeNumber of students enrolled in

education coursesTotal number of exam

takersPass rate Date(s) of exam

Serial Exam leading to CFP Certification (Exam 1-4)

1877 4979 43.58% Daily Basis

CFP Certification Exam(Exam 5/Challenge Status)

171 903 40.53% Daily Basis

Examination Statistics - (2008 - 09)Name of Exam Appeared Passed Failed Pass%

Exam 1 - Risk Analysis and Insurance Planning 3,644 1,455 2,189 39.93

Exam 2 - Retirement Planning & Employee Benefits 2,789 1,287 1,502 46.15

Exam 3 - Investment Planning 2,951 1,181 1,770 40.02

Exam 4 - Tax & Estate Planning 1,990 879 1,111 44.17

Total 11,374 4,802 6,572 42.22


Exam 1 - Risk Analysis and Insurance Planning 2,281 1,165 1,116 51.07

Exam 2 - Retirement Planning & Employee Benefits 2,355 1,280 1,075 54.35

Exam 3 - Investment Planning 1,962 1,059 903 53.98

Exam 4 - Tax & Estate Planning 1,749 952 797 54.43

Total 8,347 4,456 3,891 53.38


Exam 1 - Risk Analysis and Insurance Planning 2,229 1,116 1,113 50.07%

Exam 2 - Retirement Planning & Employee Benefits 2,257 1,051 1,206 46.56%

Exam 3 - Investment Planning 1,855 959 896 51.70%

Exam 4 - Tax & Estate Planning 1,839 855 984 46.49%

Total 8,180 3,981 4,199 48.67%

Examination Statistics (Exam 1-4)

EXAMINATION 2



Exam 1 - Risk Analysis and Insurance Planning 2192 987 1205 45.03%

Exam 2 - Retirement Planning & Employee Benefits 2332 1033 1299 44.30%

Exam 3 - Investment Planning 1731 866 865 50.03%

Exam 4 - Tax & Estate Planning 1978 768 1210 38.83%

Total 8233 3654 4579 44.38%


Examination Statistics - ( 2012-13)Name of Exam Appeared Passed Failed Pass%





Total 7655 3189 4466 41.66%






Total 4487 1584 2903 35.30%






Total 4979 2170 2809 43.58%


EXAMINATION

Month wise breakup of Examination Statistics for the year 2014-15

Examination Statistics - October 2014Name of Exam Appeared Passed Failed Pass%





Total 464 193 271 41.59%

Examination Statistics - November 2014Name of Exam Appeared Passed Failed Pass%





Total 516 228 288 44.19%


Examination Statistics - December 2014Name of Exam Appeared Passed Failed Pass%





Total 477 213 264 44.65%

Examination Statistics - January 2015Name of Exam Appeared Passed Failed Pass%





Total 460 195 265 42.39%

Examination Statistics - February 2015Name of Exam Appeared Passed Failed Pass%





Total 310 150 160 48.39%

Examination Statistics - March 2015Name of Exam Appeared Passed Failed Pass%





Total 332 134 198 40.36%

EXAMINATION

Examination Statistics (Exam 5 / Challenge Status Exam)

CFPCM certification Exam 5 & CSP Examination Statistics 2012-13

Particulars Appeared Passed Failed Pass %

Total 1315 521 794 39.62%



Total 985 429 556 43.55%



Total 903 366 537 40.53%



Month wise breakup of Exam 5 & CSP Statistics for the year 2014 - 15

EXAMINATION

September - 14

Pathway Appeared Passed Failed Pass %

Regular 45 18 27 40.00%

Challenge Status 14 6 8 42.86%

Total 59 24 35 40.68%

October -14


Regular 113 46 67 40.71%


Total 134 53 81 39.55%

November -14


Regular 48 31 17 64.58

Challenge Status 22 8 14 36.36

Total 70 39 31 55.71

January -15


Regular 113 51 62 45.13%


Total 144 64 80 44.44%

February -15


Regular 43 19 24 44.19

Challenge Status 15 3 12 20.00

Total 58 22 36 37.93%

March -15


Regular 47 23 24 48.94%


Total 53 24 29 45.28%

December-14


Regular 59 21 38 35.59%


Total 77 27 50 35.06%


AREA-WISE DISTRIBUTION OF CFPCM PROFESSIONS ELIGIBLE FOR CERTIFICATION3

Sr. no. Region Total % to Total Certificants

1 East 118 7%

2 North 348 19%

3 South 392 22%

4 West 945 52%

Total 1803 100%

Region-Wise

Sr. no. City Total % to Total Certificants

1 Mumbai 632 35%

2 Delhi 145 8%

3 Bengaluru 146 8%

4 Pune 95 5%

5 Chennai 100 6%

6 Kolkata 76 4%

7 Ahmedabad 72 4%

8 Hyderabad 61 3%

Total top 8 cities 1327 74%

Other Cities 476 26%

Total Eligible Certificants 1803 100%

City-Wise


AREA-WISE DISTRIBUTION OF ELIGIBLE CFPCM CERTIFICANTS

Sr. no. City Total Certificants % to Total Certificants

1 Andhra Pradesh 77 4%

2 Assam 11 1%

3 Bihar 4 --

4 Chandigarh 8 --

5 Chhattisgarh 3 --

6 Delhi 146 8%

7 Goa 12 1%

8 Gujarat 144 8%

9 Haryana 43 2%

10 Himachal Pradesh 2 --

11 Jammu and Kashmir 2 --

12 Jharkhand 8 --

13 Karnataka 161 9%

14 Kerala 29 2%

15 Madhya Pradesh 28 2%

16 Maharashtra 789 44%

17 Manipur 1 --

18 Orissa 6 --

19 Pondicherry 2 --

20 Punjab 20 1%

21 Rajasthan 31 2%

22 Tamil Nadu 123 7%

23 Uttar Pradesh 65 4%

24 Uttarakhand 3 --

25 West Bengal 85 5%

26 West Bengal 82 5%

Grand Total 1803

State-Wise


CHARTER MEMBER-WISE NUMBERS OF CFPCM CERTIFICANTS 4

Sr. No. Charter Members


Regular Pathway

Total

2013-14 2014-15 2013-14 2014-15

2013-14 2014-15As on Mar 31, 2014

As on Mar 31, 2015

As on Mar 31, 2014

As on Mar 31, 2015

1 Aditya Birla Money Mart Limited 1 4 1 2 2 6

2 ASK Wealth Advisors Private Limited 0 0 4 1 4 1

3 Axis Bank Limited 6 6 8 10 14 16

4 Bajaj Capital Limited 0 2 6 4 6 6

5 Barclays Bank PLC 0 0 0 0 0 0

6 Birla Sun Life Insurance Company Limited 1 1 10 7 11 8

7 BNP Paribas Investments Services (I) P. Ltd. 3 3 0 1 3 4

8 Citibank N.A 8 3 0 1 8 4

9 Destimoney Securities Private Limited 1 0 0 0 1 0

10 Deutsche Bank AG 1 1 2 2 3 3

11 Dewan Housing Finance Corporation Ltd 0 0 0 0 0 0

12 Dhanlaxmi Bank Limited 0 1 0 1 0 2

13 Dynamic Equities Private Limited 0 0 0 3 0 3

14 Edelweiss Financial Services Limited 0 1 1 1 1 2

15 Franklin Templeton Asset Management (India) Private Limited 3 2 0 0 3 2

16 Geojit BNP Paribas Financial Services Limited 1 3 3 5 4 8

17 HDFC Asset Management Company Limited 5 5 6 5 11 10

18 HSBC Limited 0 2 2 1 2 3

19 ICICI Bank Limited 16 18 4 2 20 20

20 ICICI Prudential Asset Management Company Limited 0 1 4 3 4 4

21 ICICI Prudential Life Insurance Company Limited 5 4 6 5 11 9

22 ICICI Securities Limited 22 17 9 11 31 28

23 IFAN Finserv Private Limited 0 0 0 0 0 0

24 Karvy Stock Broking Limited 2 3 1 2 3 5

25 Kotak Mahindra Bank Limited 7 4 5 5 12 9


CHARTER MEMBER-WISE NUMBERS OF CFPCM CERTIFICANTS

Sr. No. Charter Members


Regular Pathway

Total

2013-14 2014-15 2013-14 2014-15

2013-14 2014-15As on Mar 31, 2014

As on Mar 31, 2015

As on Mar 31, 2014

As on Mar 31, 2015

26 L&T General Insurance Company Limited 0 0 0 0 0 0

27 L&T Mutual Fund 0 1 0 0 0 1

28 Life Insurance Corporation of India 7 7 33 22 40 29

29 Motilal Oswal Securities Limited 6 6 1 3 7 9

30 Networth Stock Broking Limited 0 0 0 1 0 1

31 Padmakshi Financial Services Limited 0 0 0 0 0 0

32 PNB Metlife Insurance Company Limited 1 2 0 0 1 2

33 Principal PNB Assets Management Company Private Limited 0 0 1 1 1 1

34 Reliance Capital Asset Management Limited 5 6 0 1 5 7

35 Reliance Life Insurance Company Limited 3 2 2 3 5 5

36 Reliance Securities Limited 3 5 0 0 3 5

37 Religare Enterprises Limited 0 1 0 0 0 1

38 SBI Funds Management Private Limited 5 5 5 6 10 11

39 SBI Life Insurance Company Limited 3 2 0 0 3 2

40 SKP Securities Limited 0 0 0 0 0 0

41 Standard Chartered Bank 1 3 1 0 2 3

42 State Bank of India 44 41 27 21 71 62

43 TATA AIA Life Insurance Company Limited 1 1 10 9 11 10

44 TATA Asset Management Limited 2 2 0 1 2 3

45 UTI AMC Limited 14 12 13 12 27 24

46 World Gold Council 0 0 0 0 0 0

47 UTI AMC Limited 177 177 165 152 342 329

48 World Gold Council 0 0 0 0 0 0

Grand Total 177 161 165 148 342 309


EDUCATION PARTNERS5S.No. EP Name Contact Person Designation Address Contact No Email ID

1ACE School for Professional Studies

Ms. Charu KaushikVP(Trainings and content),

26/32, Pal Mohan Sadan,East Patel Nagar, Delhi-110008

+91-11-45050202, +91-9560400711

[email protected]

2 Ambition Learning Solutions Mr. Vishal Gada Director

53, Ashawadi, S.V. Road, Opp. Shopper's Stop, Behind Yashwant Nagar, Andheri West, Mumbai 400058

+91-9930805522, +91-22-26244248

[email protected]

3Anagram Knowledge Academy Ltd.

Mr. Prashant V Shah Jr. Knowledge Officer

Anagram Knowledge Academy LTD. 3rd Floor, Hertage Square, Opp. Atlanta Tower, Gulbai Tekra, Ahmedabad – 380015

[email protected]

4 Arihant Institute Pvt.Ltd Mr. Ajay SevakHead - Business Development

3rd Floor, "Swapnil" Bldg. Nr. Navrangpura cross Road, Navrangpura, Ahmedabad - 380 009

+91-79-26460870,+91-9825078724

[email protected]

5BLB Institute of Financial Markets (BIFM)

Mr. G.C. Sharma DirectorGulab Bhawan, 4th Floor, 6, Bahadur Shah Zafar Marg, New Delhi-2

+91-11-43702201/202 [email protected]

6Financial Planning Academy (FPA)

Mr. Ninad M MondkarChief Learning Officer

1st Floor, Doulatram Mansion, Kitridge Road, Colaba, Mumbai - 400005

+91-22-22797404, +91-9322637748

[email protected]

7 Finstitute Ms. Urvi Prajapati Coodinator

B/201 Hemu Classic Shopping Centre, Opp. New Era, S.V.Road,Malad-West, Mumbai-400064

+91-22- 2888796466930993, +91-9321106767

[email protected]

8Gurukulonline Learning Solutions

Mr. Manish Jain Vice President

Shree Krishna niwas, 3rd floor, Shraddhanand Road Extn, Vile Parle (E), Mumbai - 400 057

+91-22-26141111, +91-9322198917

[email protected]

9 IIFP Mr. NiamatullahProgramme Director

2E/8, 2nd Floor, Jhandewalan Ext., New Delhi - 110055

+91-11-43166700, +91-9953755092

[email protected]

10IIJT-Indian Institute of Job Training

Mr. Shajan Samuel Divisional Head

Farha Tower, 1st Floor, adjacent to Barton centre, 83 Mg road, Bangalore: 560001

+91-9886727272 [email protected]

Education Partners: The following Education Partners have been authorized to provide CFPCM Certification Education Program in India.


EDUCATION

S.No. EP Name Contact Person Designation Address Contact No Email ID

11Indian School of Business & Finance

Head CFP AdmissionsRelationship Executive

15 A, Ring Road, Lajpat Nagar IV, New Delhi - 110024

+91-11-40430000 [email protected]

12International College of Financial Planning

Mr. Rajiv SethJoint Regional Sales Head

3rd Floor, Gulab Bhawan, Near Times of India, 6, Bahadur Shah Jafar Marg, New Delhi-01


13ITM Institute of Financial Markets

Ms. Sabyasachi Mukherjee

Asst. Prof. Finance

7th Floor, "B" Wing, BSEL Tech Park, Opp. Vashi Station, Navi Mumbai-400705

+91-9223313462, 022-27814772

[email protected]

14 Knowise Learning Academy Mr. Karthick C S

# 33, 2nd Floor, Prabhakar Reddy Complex, 6th C Main, HMT Layout, R T Nagar, Bangalore - 560032

+91-80-41726535, +91-9980166321

[email protected]

15L.J. Center for Professional Studies (LJBS)

Mr. Viral Shah Center HeadInfotower Ahmedabad-380015

+91-79-30120116/26742878

[email protected]

16Mandar Learning Academy Pvt Ltd

Mr. Suman Bhadra InchargeSuite #305 A, 10A Hospital Street, Kolkata-700072 (INDIA)

+91-33-22155590 [email protected]

17MT Educare Ltd.(A holding Company of Mahesh Tutorials)

Mr. Divyen Gada

Head–Financial Learning Programme& BDOM for MT UVA

220, 2nd floor, Neptune's "Flying Colours", Pandit Din Dayal Upadhay Marg, LBS cross road, Mulund(W), Mumbai - 400080

[email protected]

18 NJ Gurukul Pvt. Ltd. Mr. Ajay Jariwala

NJ Center 'B' Tower,801,Udhna Udyog Nagar Commercial Complex,Central Road No. 10,Udhna, Surat-394210


19Pune Institute of Business Management

Pune Institute Of Business Management

Survey No. 499, Near Manas Resort, Bhugaon, Tal - Mulashi, Paud, Pune- 411042

+91-9325666621, +91-20-67903100/103

20RNIS College of Financial Planning

Mr. H S Bansil PD

AISF Building, ADJ: Lady Sriram College, Amar Colony, Lajpat Nagar-IV, New Delhi

+91- 9818665534 [email protected]

21Sambodhi Research & Management Institute

Ms. Banani GangulySenior Counsellor - Admissions

B 23, Lajpat Nagar II, New Delhi - 110024

+91-11-49242400-99 [email protected]

22SBMJC - Center for Financial Planning & Management

Mr. Raghu G Anand Manager 1/1-1; Atria Towers Palace Road, Bangalore – 560 001

+91-80-22353216/[email protected]

23 Stratagem Financial School Ms.Tanvi AgarwalHead Operations

1. 201/A, Frontline Lake Shore Towers,Rajbhavan Road, Somajiguda, Hyderabad-500082

[email protected]

24The New Era Education Society

Ms. Srishti Sehgal 8th Floor, Ansal Classique Tower, Rajouri Garden, New Delhi- 110027

[email protected]

25Trinity Global Education Private Ltd

Mr. Anand KulkarniExecutive Director

Trinity House, Plot No.5/B, Qureshi Nagar, Kurla (East), Mumbai 400 070.

[email protected]

26Vantage Institute of Financial Markets

Mr.Rajesh Dedhia/Mr.Dipesh Rambhia

Director

413, 4th Floor, Bussa Industrial Estate, Hanuman Lane, off Ganpatrao Kadam Marg, Near Peninsula Corporate Park, Lower Parel(West), Mumbai 400013

+91-9819911914 / +91-22-66101186 / 66100748

[email protected]


CONTINUOUS EDUCATION6Continuous Education: FPSB India awarded CE points to the CFPCM certificants for the following:

Sr. No.

CE Category CE Program/ ActivityCE Points

(CEPs) Admissible

Validity of Program/ Activity

RemarksRelevant Documents

Admissible

1 Authorship

Authorship of Book on Finance or any component of Financial Planning*

15 OngoingBook to be completed in the validity period

Soft/Hard copy or link of book

Authorship of articles in Print/ Electronic Media/Financial Planning Journal

5 OngoingPublished date of the article to be in the validity period

Soft/Hard copy or link of article

Published interview in print media or interview/ panel discussion in electronic media

530-Jun-

12

Published date/ telecast date to be in the validity period

Soft/Hard copy or link of interview

Published quotes in print media or viewpoint/bite in electronic media (per article or appearance)

230-Jun-

12

Published date/ telecast date to be in the validity period

Soft/Hard copy or link of article

2 Qualification

Professional Courses and Certifications (Actuary, CA, CFA, CAIIB, JAIIB, ICWA, CS)

15 OngoingDate of completion to be in the validity period

Photocopy of passing certificate /degree

Higher Academic Qualifi-cations (Post Graduate or Doctorate in Finance, Economics, Econometrics, Mathematics/ Statistics, Law)



Licentiate/Associate/Fellowship of Life Insurance from Insurance Institute of India



MBA (Finance- Part Time) /(except Finance- Full Time)



3Certification/Courses

Mandatory Certifications (NISM-MF, IRDA) other relevant courses of NCFM, BSE, IIBF, NISM, etc.

230-Jun-

12

Date of completion to be in the validity period

Photocopy of passing certificate

Aspirational relevant courses of at least 1-year duration run by professional education entities



LOMA Certification 10 OngoingDate of completion to be in the validity period


4Events/ Meetings

Events, Seminars, Round Table/Conference, Financial Planning Congress, etc. and Workshops organized and /or pre-approved by FPSB India or FPCIL

5 OngoingDate of event to be in the validity period

Participation Certificate/Attendance sheet and Event Agenda

Other events related to one of the Financial Planning components* or other relevant matters on Economy and Finance

230-Jun-

12Date of event to be in the validity period


Financial Planning Association’s (FPA) Annual Convention in US

10 OngoingStarting Date of convention to be in the validity period


Meetings of the Board of FPSB India and appointed Committees

3 OngoingDate of meeting to be in the validity period


Board Meetings of entities in the BFSI sector 3 OngoingDate of meeting to be in the validity period



Sr. No.

CE Category CE Program/ ActivityCE Points (CEPs) Ad-missible

Validity of Program/ Activity

RemarksRelevant Documents

Admissible

5 QuizQuiz in the Financial Planning Journal or solving queries in the Newspapers/other journals

4 30-Jun-12Month of Journal/ quiz to be in the validity period

Result Sheet

6 Teaching

Training and Teaching assignments other than performed/undertaken as part of profession (Workshops, Institutes, Classroom teaching, etc.) (Full day assignment)

5 30-Jun-12Sessions to be in the validity period.

Acknowledgment letter from the College/Institute mentioning the date, topic & number of hours of lecture/ training/workshop

7 SpeakershipSpeakership in a Seminar, Convention, Conference, etc.

5 30-Jun-12Date of event to be in the validity period

Acknowledgment letter from the College/ Institute mentioning the date, topic & number of hours of lecture/ training/ workshop

8Survey Re-sponse

Completion of FPSB India's Job Analysis Survey towards restructuring syllabus topic list for CFPCM Certification Program

3 30-Jun-12

Surveys will be intimated through e-mails, will also be on FPSB India's website for specified durations.

Online submission; shall be captured in the survey data (complete submission only considered)

9 Pro bono work

Pro bono work which can be classified as voluntary contribution to the community, helping the deprived people with transfer of knowledge culminating into construction of Financial Plan

5 Ongoing

The construction and submission of the Financial Plan has to be in the applicable period for the award of CEPs

Copy of the Financial Plan constructed for the household in case of Pro bono work

10 Others

Participation in TV Shows/interviews 3 30-Jun-12Date of Show to be in the validity period

Participation Certificate/At-tendance sheet & Event Agenda/ Event schedule

Answering questions/Queries in newspaper/magazines

3 30-Jun-12Date to be in the validity period

Participation Certificate/At-tendance sheet & Event Agenda/ Event schedule

* Components of Financial Planning: Financial Management, Asset Management, Risk Management or Insurance Planning, Tax Planning, Retirement Planning and Estate Planning

1 The requirement of acquiring 15 CE points (CEPs) is immediately after the issue of initial certification and falls due when the certificant renews his/her certification at annual intervals.

2 The CEPs are to be acquired in certification period and any excess points are not carried forward in the next certification period.

3 The failure to renew on due date apart from late renewal penalty entails requirement of earning extra CEPs only beyond 6 months of due date of renewal.

4 Failure to fulfill the Continuous Education criterion within the prescribed period will result in non-renewal of CFP Certification and will also preclude any use of the CFP marks by the certificant.

5 Unsupported, misstated or fraudulent reporting of CE credits shall be viewed seriously and may call for action by FPSB India and may be a ground for disciplinary action leading to revocation of the CFP Certification.

Important Points:

CONTINUOUS EDUCATION


Ethics/Practice Standards disciplinary cases Number of cases

Cases opened NIL

Cases concluded NIL

Number of public disciplines NIL

Number of unauthorized use/misuse of the marks cases processed during the quarter.

Marks disciplinary cases Number of cases

Unauthorized Use *

Cases opened -

Cases concluded -

Misuse **

Cases Opened -

Cases Concluded -

* Unauthorized use cases = Individuals/entities use the Marks without being licensed to do so.

** Misuse cases = Properly licensed individuals/entities use the Marks in a manner which does not comply with FPSB guidelines/trademark law.

ETHICS AND DISCIPLINE / PRACTICE STANDARDS

MARKS PROMOTION/PROTECTION

7

8


S. No. Issue Title Cover Story

1 November - December 2013 Emergence of Registered Investment Advisers

2 December 2013 - January 2014 The Changing Face of Real Estate

3 February-March 2014 Insurance Brokers - An Essential Link In Insurance Distribution

4 April-May 2014 All about Crowdfunding

5 June-July 2014 The Credit Score Conundrum

6 August-September 2014 Real Estate Investment Trusts – An Emerging Asset Class

7 October-November 2014 The rise of automated advisory

8 December 2014 - January 2015Couples and Money Management - Engaging both partners for comprehensive advisories

CURRENT / UPCOMING EVENTS AND PUBLICATION9

List of current/upcoming events for inclusion on FPSB India’s website that will be of interest to FPSB Indias stakeholders

Alexa.com Ranking of FPSB India’s website

The ranking of FPSB India’s website www.fpsbindia.org improved drastically to around 10,000 in the run up to March, 2010 from 73,530 as in November, 2009. The ranking is in terms of traffic of visitors on our website and is confined to within the Indian territory.

Date Alexa India Rank

12-Nov-2009 73,530

31-Mar-2010 10,689

31-Mar-2011 35,267

31-Mar-2012 46,782

31-Mar-2014 42,963

31-Mar-2015 71,387

Sr. No. From Date To DateNo. of Days

Workshop Theme Venue SpeakersTotal

ParticipantCategory

1 26-Apr-14 27-Apr-14 2

Tax Planning For Non Residents/HUFs, Issues and Tax Planning of Trusts and Capital Gains on Real Estate

Delhi Mr. A K Sehgal 17 Workshop

2 12-May-14 12-May-14 1Seminar for CFP Certification Awareness at FPSBI Mumbai Office

Mumbai Mr. Ravi Arora 9

Seminar on CFP Certification Awareness

3 26-Aug-14 26-Aug-14 1Seminar for CFP Certification Awareness- Toolani College

MumbaiMr. Ravi Arora, Ms Vrinda and Mr. Yogesh Gupta

131

Seminar on CFP Certification Awareness

4 22-Nov-14 22-Nov-14 1Behavioural Finance- How does it impact the Financial Decision Making?"

Delhi Dr. Vinod Kumar 14 Workshop

5 10-Jan-15 10-Jan-15 1Debt Investments - An important Asset Class for every Portfolio

Delhi Prof. Rishi Mehra 20 Workshop

6 31-Jan-15 31-Jan-15 1Workshop on Succession Planning- Practical Aspects

Mumbai Arvind A. Rao 11 Workshop

7 20-Feb-15 21-Feb-15 2 Faculty Development Program MumbaiPushkar Chugh, Rachana Purohit Khale

4FDP for New Resource Persons

8 26-Feb-15 26-Feb-15 1Seminar for CFP Certification Awareness- VPM College

MumbaiMr. Ravi Arora and Mr. Sachin Walavalkar

200+

Seminar on CFP CertificationAwareness

9 21-Mar-15 21-Mar-15 1 Role of Equity Investments DelhiMr. Ram Kumar Gupta

22 Workshop


The updated list of FPSB India’s Board of Directors is given below:

LIST OF BOARD OF DIRECTORS10S.No Name Designation Company

1 Justice (Retd.) Shri B.N.Srikrishna Chairman

Former Judge,Supreme Court of India and Former Chairman, Financial Sector Legislative Reforms Commission (FSLRC)

2 Mr. Ranjeet S Mudholkar, CFPCM Vice Chairman and Chief Executive Officer

Vice Chairman & Chief Executive OfficerFPSB India

3 Mr. Cyril Shroff DirectorManaging Partner,Amarchand & Mangaldas & Suresh A Shroff & Co.

4 Mr. Dinesh Khara DirectorManaging Director & Chief Executive Officer,SBI Funds Management Pvt. Ltd.

5 Ms. Monika Halan, CFPCM DirectorEditor-Mint Money,HT Media Ltd.

6 Mr. N Sivaraman DirectorPresident & Whole Time Director,L&T Finance Holdings Ltd.

7 Mr. P. Vijaya Bhaskar DirectorExecutive Director,Reserve Bank of India (RBI)

8 Mr. Pankaj Mathpal, CFPCM DirectorManaging Director & Chief Executive Officer,Optima Money Managers Pvt. Ltd.

9 Mr. Sachindra Nath DirectorGroup Chief Executive Officer,Religare Enterprises Ltd.

10 Mr. Suresh Mahalingam DirectorMember,Group Management Centre,Rajesh Wadhawan Group (Holding entity of DHFL)


The updated list of Charter Members of FPSB India is given below:

LIST OF CHARTER MEMBERS OF FPSB INDIA11

S.No. Company Representative Designation

1 Aditya Birla Money Mart Limited Mr. Pankaj Razdan Deputy CEO - Financial Services

2 ASK Wealth Advisors Private Limited Mr. Rajesh Saluja CEO & Managing Partner

3 Axis Bank Limited Mr. Satheesh Krishnamurthy SVP & Head - Affluent Business

4 Bajaj Capital Limited Mr. Rajiv Deep Bajaj Vice Chairman & Managing Director

5 Barclays Bank PLC Mr. Satya Narayan Bansal CEO - Barclays Wealth

6 Birla Sun Life Insurance Company Limited Mr. Ajay Srinivasan Chief Executive Financial Services

7 BNP Paribas Investments Services (I) P. Ltd. Mr. Samir Bimal Managing Director & CEO

8 Citibank N.A Ms. Jaya Singh Investment Product Head

9 Deutsche Bank AG Mr. Atin Kumar Saha Managing Director / Head, Western region

10 Dewan Housing Finance Corporation Ltd Mr. Suresh Mahalingam Member-Group Management Centre

11 Dynamic Equities Private Limited Mr. Shailesh Saraf Managing Director

12 Edelweiss Financial Services Limited Mr. Vikass M Sachdeva Chief Executive Officer

13 Franklin Templeton Asset Management (India) Private Limited Mr. Vivek Kudva MD India & CEEMEA

14 Geojit BNP Paribas Financial Services Limited Mr. C.J. George Managing Director

15 HDFC Asset Management Company Limited Mr. Milind Barve Managing Director & CEO

16 HSBC Limited Mr. Gautam Kalia Vice President – Investments

17 ICICI Bank Limited Dr. G Ramachandran Head Global Research Group

18 ICICI Prudential Asset Management Company Limited Mr. Nimesh Shah Managing Director

19 ICICI Prudential Life Insurance Company Limited Mr. Puneet Nanda Executive Director

20 ICICI Securities Limited Mr. Anup Bagchi Managing Director & CEO

21 IFAN Finserv Private Limited Mr. Rajan Pathak President & Head of Business

22 Karvy Stock Broking Limited Mr. Hrishikesh Parandekar CEO and Group Head - Broking, Wealth Management and Asset Management

23 Kotak Mahindra Bank Limited Mr. C. Jayaram Joint Managing Director

24 L&T Finance Holdings Ltd Mr. N Sivaraman President & Whole Time Director

25 L&T Mutual Fund Mr. Kailash Kulkarni Chief Executive Officer


S.No. Company Representative Designation

LIST OF CHARTER MEMBERS OF FPSB INDIA

26 Life Insurance Corporation of India Mr. S.K. Roy Chairman

27 Motilal Oswal Securities Limited Mr. Ashish Somaiyaa Managing Director & CEO

28 Networth Stock Broking Limited Mr. S.P. Jain Chairman & Managing Director

29 Padmakshi Financial Services Limited Mr. Sean Kelleher / Mr. Rohit Chotani

Group Director

30 PNB Metlife Insurance Company Limited Mr. Tarun Chugh Managing Director

31 Principal Pnb Assets Manage-ment Company Private Limited Mr. Rajan Ghotgalkar Managing Director & Country Head

32 Reliance Capital Asset Manage-ment Limited Mr. Sundeep Sikka President & CEO

33 Religare Enterprises Limited Mr. Sunil Godhwani Chairman & Managing Director

34 Reliance Life Insurance Compa-ny Limited Mr. Anup Rau Chief Executive Officer

35 Reliance Securities Limited Mr. Vikrant Gugnani Executive Director

36 SBI Funds Management Private Limited Mr. Dinesh Kumar Khara Managing Director

37 SBI Life Insurance Company Limited Mr. Arijit Basu Managing Director & CEO

38 SKP Securities Limited Mr. Naresh Pachisia Managing Director

39 Standard Chartered Bank Mr. Vishal Kapoor GM - Wealth Mgmt & PRB, India and South Asia

40 State Bank of India Mr. Ramesh Babu / Mr. Rabindra Kumar Mohanty

Chief General Manager (Associates & Subsidiar-ies) / Premier Banking Services, PBBU

41 TATA AIA Life Insurance Com-pany Limited Mr. S. Swaminathan Head of Legal and Compliance

42 TATA Asset Management Lim-ited Mr. Arvind Sethi Managing Director & CEO

43 UTI AMC Limited Mr. Debashish Mohanty Country Head – Retail Sales

44 World Gold Council Mr. Somasundaram PR Managing Director


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