certified financial planner (cfp) certification course
TRANSCRIPT
1
Introduction
E-Mail : [email protected] Contact: 9711 437 779 Website: www.icofp.org
CERTIFIED FINANCIAL PLANNERCM
(CFPCM
)Certification
2
Getting to know what is “Financial Planning”
Financial planner offers a broad range of services aimed at assisting individuals in managing and planning their financial future.
Financial Planning
Cash Flow Managem
entEducation Planning
Retirement Planning
Investment Planning
Insurance Planning
Estate Planning
Tax Planning
Debt Managem
ent
3
Getting to know what is “Financial Planning”
• Financial Planning is the process of meeting one’s life goals through the proper management of your finances. Life goals can include buying a home, saving for your child’s education, planning for retirement, or leaving a legacy.
• Financial planning is to ensure that the right amount of money is available in the right hands at the right point in the future to achieve individual's life goals.
• Financial Planning is a comprehensive evaluation of an individual’s current situation, defining his financial goals and making a detailed strategy, tailored to an individual’s specific situation, to achieve individual’s financial goals.
• Financial Planning refers to the process of taking complete control of the finances of the household such that the income streams are organized to take care of both current and future needs that require funding.
• Financial planning is a process through which an individual can chart a roadmap to meet expected and unforeseen needs in life.
4
Why Financial Planning?
Marriage Children’s marriage • How do I achieve these objectives?
• Right allocation of resources?
• Will savings help?
• How much to save?
• Where should I invest my savings?
• How do I plan for retirement?
• Shall I borrow for my needs?
Retirement plan
House
Vacation
Car Medical expenses
Children’s education
Debt Management
5
The Best Jobs of 2013
CareerCast.com, a career website, ranked 200 jobs from best to worst based on five criteria: physical demands, work environment, income levels, stress, and job outlook. Much of the data used to evaluate each job has been compiled from the Department of Labor and the Bureau of Labor Statistics (BLS), as well as from a range of other governmental agencies, trade associations and private survey firms.
Job Ranking Job Title
1. Actuary
2. Biomedical Engineer
3. Software Engineer
4. Audiologist
5. Financial Planner
6. Dental Hygienist
7. Occupational Therapist
8. Optometrist
9. Physical Therapist
10. Computer Systems Analyst
Financial Planning ranked
as the 5th best Job of 2013.
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Career Options for Financial Planners
Wealth Management
Portfolio Management
Investment Advisory
Risk Management
Financial Operations
Financial Planning
Banking
Technical Analysis
Equity Research and Analysis
Financial Back Office and Operations
Entrepreneurial Opportunities
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Who recruits Financial Planners?
Financial Planners
Banks
Non-Banking Financial
Companies
KPOsBrokerage Firms
Asset Management
Companies
Financial Planning Firms/Wealth
Management Firms
• HSBC• Citibank• Deutsche Bank• DBS Bank
• Fincart.com• FinEdge• Client Associates
• Axis Mutual Fund• Peerless Mutual Fund
• Mansukh Securities• Religare Securities• Angel Broking• HDFC Securities
• WNS• Ameriprise Financial• Capital IQ • E-value Serve• HCL• Copal AMBA• Bank of America
• Elite Wealth• Karvy Private Wealth• Anand Rathi• Edelwise
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CFPCM Certification
CFPCM
Certification
Financial Planning’s
Highest Global Standard
Internationally Accepted
Financial Planning Qualification
Recognized in more than 25
countries across the world
Endorsed by top 50 leading
Financial Services Companies
Global Mark of Excellence in Financial Planning
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FPSB India Charter Members
Charter Members of FPSB India have resolved that they will give first preference to CFPCM Certificants in recruitment.
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CFPCM Certification
CFP Certification rated
as the “Gold
Standard” in
Financial Planning
by the Wall
Street Journal in the year
2006.
Acknowledged as one of
the Upcomin
g Certificati
on in financial services in India by “The
Week” in 2004.
Rated as “Hot Job” by CNBC in 2003.
Financial Planning rated as
No.1 career in 2001 by
Jobs Almanac,
USA.
No. of CFP
Certificants is over 1,45,000 worldwid
e in 24 countries
.
Rated as "One of the best Jobs" by
U.S. News and
World Report, 2012.
11
Career Avenues in Financial Services
Course Designation Institute Main Areas Covered
Stages/level
CA Chartered Accountant
The Institute of Chartered Accountants of India
Accounting, Taxation & Auditing
CPT, PCC, Final*
CS Company Secretary
The Institute of Company Secretaries of India
Company Law Foundation, Inter & Final
CFPCM Certified Financial Planner
Financial Planning Standards Board India
Financial Planning 6 Modules
ICWA Cost Accountant Institute of Cost and Works Accountants of India
Costing Foundation, Inter & Final
CFA Chartered Financial Analyst
Association of Investment Management & Research
Portfolio Mgmt &Investment Analysis
3 levels
CPA Certified Public Accountant
American Institute of Certified Public Accountants
Accountancy, Taxation 4 papers
* Common Proficiency Test (CPT), Professional Competence Course (PCC)
Source: FPSB, India
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4 E Criteria for CFPCM Certification
EDUCATION EXAMINATION EXPERIENCE ETHICS
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Why Firms Value CFP Professionals?
Source: FPSB Global Research 2014 (www.fpsb.org)
14
Why Firms Value CFP Professionals?
Source: FPSB Global Research 2014 (www.fpsb.org)
15
Why Firms Value CFP Professionals?
Source: FPSB Global Research 2014 (www.fpsb.org)
16
Why Firms Value CFP Professionals?
Source: FPSB Global Research 2014 (www.fpsb.org)
17
Introduction
CERTIFIED FINANCIAL PLANNERCM Certification
Examination Pattern
19
Marks Categories—Testing Significance
Source: FPSB, India website www.fpsb.co.in
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CFPCM Certification: Examination Format
Objective Multiple Choice Questions (MCQ).
Computer-based Testing (CBT).
No negative marks for incorrect alternatives chosen.
Exam Duration:
Exam 1 – 4: Two (2) hours each
Exam 5: Four (4) hours
21
CFPCM Certification: Evaluation System
22
Time for Questions
23
Frequently asked questions (FAQs)
What is CERTIFIED FINANCIAL PLANNERCM (CFPCM) Certification?
What is Financial Planning Standards Board (FPSB), India?
What is Financial Planning?
What are the benefits of pursuing the CFPCM Certification?
Is CFPCM Certification a global certification?
What is the eligibility criterion to register for the CFPCM Certification Program?
What are the career prospects of Financial Planning and after completing the CFPCM Certification?
How are Financial Planners compensated in India?
Is there any entrance test to join the CFPCM Certification Program?
What is the curriculum of the CFPCM Certification Education Program?
24
Frequently Asked Questions (FAQs)
What are 4Es Criteria for awarding CFPCM Certification?
What is Advance Financial Planning (AFP) Certification?
What is the maximum period given to a candidate to complete the CFPCM Certification Program?
What is Challenge Status Program?
What is the eligibility criterion to register for the Challenge Status Program?
What are the renewal requirements of CFPCM Certification?
What is the format of the CFPCM examination?
Can I appear for Exam 5 before clearing Exam 1–4?
Which language are the exams conducted?
What is the duration of each exam?
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Frequently Asked Questions (FAQs)
Is there any negative marking in CFPCM examination?
What is the minimum passing percentage in CFPCM examination?
Why consider ICFP to prepare for the CFPCM Certification Education Program?
For answers of all above mentioned questions, or other questions related to CFPCM course curriculum, CFPCM fee structure, CFPCM certification detail etc…
Visit - http://www.icofp.org/cfp-certification.php
E-Mail : [email protected] Contact: 9711 437 779 Website: www.icofp.org