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Financial Planning
WHAT IS FINANCIAL PLANNING…?
Needs and goals can include buying a home, car, saving for a child’s education or
planning for retirement, marriage etc.
STEPS IN FINANCIAL PLANNING
Child’s Marriage
Child’s Education
Housing
Children
Marriage
22 yrs 38 yrs Over 25 - 30 yrs
The Proposed PFRDA Bill will open career opportunities for CFPCM
professionals.
Implications of Upgrading Professionals as
CFPCM Practitioners
Mr. M Damodaran
(Ex Chairman of SEBI)
FPSB India
9 Mr. Ranjeet S. Mudholkar Director CEO, Financial Planning Standards Board India
CFPCM Global Recognition
Australia Indonesia
Austria Japan
Brazil Malaysia
Canada New Zealand
China Republic of Korea
Chinese Taipei Singapore
France South Africa
Germany Switzerland
Hong Kong United Kingdom
India United State of America
Enrolment and Examination Procedure
Step 1 :
To get yourself on the Path to CFP you have to Enroll for the
program with The Indian Institute of Financial Planning (IIFP)
by paying the requisite fee.
Step 2 :
In all there are 5 examinations which are conducted at NSE
centers by FPSB, India. All examinations are held online.
Examinations are held round the year after a prescribed lock-in
period of 60 days from date of registration with FPSB, India
through IIFP.
About IIFP…..Backed by an Eminent
Educational Institution, DPS, Varansi
Promoted By “Kush Education Society” which was
established in 2001.
The society runs the Delhi Public School (DPS) in Varanasi with
a student strength of around 2,500 and staff strength of
around 300.
Course Contents
There are 6 modules in the entire course:
As India’s population ages, it is critical that financial planner know how to advice
client properly to achieve a secure retirement. This modules teaches retirement
need analysis and techniques / process to be used when developing a retirement
plan. Employee benefits such as EPF, superannuation fund, gratuity, pension
plans are also discussed.
Module 4
Investment Planning
Having the knowledge to evaluate and choose the right investments is basic to the
implementation of a sound financial plan. This module reviews all categories of
investments, client assessment techniques, economic factors, risk and return analysis,
valuation methods, asset allocation strategies and portfolio management techniques.
Module 5
Tax & Estate Planning
Having the knowledge of tax laws will enhance the effectiveness of a financial
planner. This cover tax planning and estate planning in detail. It also covers personal
income-tax computation, capital gains, tax management techniques, will, trust etc.
Module 6
Advanced Financial Planning
This final module builds upon the earlier modules and integrates all aspects of
personal finance to construct comprehensive financial plans. Students would learn
how to gather and analyze clients data to develop and recommend appropriate
financial strategy.
ELIGIBILITY, DURATION & EXPERIENCE
Examinations conducted for Modules 2nd to 6th and 20% weightage for Module 1 in
all the five examinations.
2 Hours exam for Module 2-5 and 4 Hours exam for Module 6.
DISTRIBUTION HOUSES : Manager – Wealth Mgmt., Sales Manager, RM, Product Manager……
EQUITY FIRMS : Research Analyst, Business Analyst, Research Associate, Technical Analyst……..
Planner's Path
Source:outlook money
Expected Pay
Levels Job profile Qualification/Experience
(p.a)
ICWA Cost Accountant Institute of Cost and Works Costing Foundation, Inter
Accountants of India & Final
DELHI Campus:
6 A & 11 A, Atma Ram House, Tolstoy Marg, Connaught Place,
New Delhi – 110001.