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  • Financial Planning: An Emerging Career in The Financial Services

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    keyur1975
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    What is CFPCM ? CERTIFIED FINANCIAL PLANNERCM is the highest & global qualification in the areas of Personal Financial Planning. It is recognized in 23 countries including India & there are only 1400+ CFPCM India in last 8+ years. (Please visit FPSBINDIA.ORG for more details) There are two option to achieve the CFPCM qualification…1) Regular option 2) Challenge option # Challenge option is only applicable who possess the master qualification & atleast 3 years work experience in financial service sector or 5 years in non financial sector. # Regular option is more preferred to acquire the sound knowledge and understanding of concepts and one of the systematic way to achieve the qualification. In Regular option is open for all who possess the 12th or +qualification & has to learn 6 subjects and passed out the 5 exams. 1) Introduction of Financial Planning (weightage 20% in 1-4 exam & 14% in final exam) 2) Insurance planning & risk management (Exam-1) 3) Retirement planning & Employee benefits (Exam 2) 4) Investment planning (Exam 3) 5) Tax planning & Estate Planning (Exam 4) 6) Advanced Financial Planning (Exam-5-Case studies) Why CFPCM ? Strong demand & lower rate of supply: # There is demand of more than 50,000+ CFPCM in Banking & financial services, Investment banking, Research, IT/ITES, Education sectors etc. (supply is right now only 1400+…) # Students who are pursing Graduation/MBA can get the better placement with good CTC. (Normal CTC starts MBA with CFPCM Rs.3,60,000/- CTC) Launching pad for the Fee based advisory for the existing LIC/MF Advisors: # In developed countries, concept of commission based selling is obsolete since long & only advisors who are charging fees are survived and CFPCM qualification can be launching pad to starts your fee based financial planning services. (Right now, CFPCM in Mumbai charges annual fees of Rs.10,000 - Rs.40,000/-) Be Wealth manager for your money: As Individual, we focus lot to earn money & invest atleast 10-12 hours daily. But, when time has come to manage our own hard earned money…we simply relay on third party and later on either looses capital or earn poor return. Let me share the example You are Doctor, spent 10+ years to get the qualification and worked hard in initial days to set the yourself as well known doctor. Now, You have the own your hospital/clinic and again works 12+ hours and earns approx. 2,00,000+ per month and you are investingex. Rs.50,000/ month(or annual approx. 6,00,000/-) for your future but when time comes for investment you just invest on recommendation of your Bank/friend/relative/neighbor in equity/LIC/Real estate…many of times, bank/LIC agent suggests the product in which they getting more commission & you may end up with the inferior products and looses the capital/reduced returns.) CFPCM qualification helps to learn the ABC of personal financial planning & later on you can become expert in Insurance planning/Investment planning/Tax planning & can choose the best and earn the higher returns. How you can be CFPCM ? There are two options 1) Self study mode-Difficult one & poor learning on concepts and poor pass ratio 2) Education provider-It is systematic approach…where EP provides study materials, Financial calculators, Class room coaching-110+ hours & online/offline query handling, mock test etc. In Regular mode, Student can achieve the CFPCM qualification with right coaching & preparation in 6 to 12 month time frame. Why CFPCM with us? BENEFITS OF ENROLLMENT WITH ICOFP # NO.1 EP ACROSS INDIA # MORE THAN 40%+ CFPs # INCLUDES 7 HIGH QUALITY BOOK # FINANCIAL CALCULATOR # QUALITY 110 HOUR CLASSROOM COACHING BY CFP CERTIFIED FACLTY # ONLINE QUERY HANDLING SUPPORT + ONLINE MOCK TEST BENEFITS OF ENROLLMENT WITH KEYUR SHAH # 3 EQUAL MONTHLY INSTALMENT OPTION # END TO END PROACTIVE SUPPORT TILL YOU PASS # PRACTICAL TIPS & GUIDANCE NOTES: HOW TO CRACK CFP IN 9 MONTH TIME FRAME" # SPECIAL EXAM ORIENTED MODULE WISE SHORT NOTES

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    Cfp by Fpsb India

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    What is CFPCM ? CERTIFIED FINANCIAL PLANNERCM is the highest & global qualification in the areas of Personal Financial Planning. It is recognized in 23 countries including India & there are only 1400+ CFPCM India in last 8+ years. (Please visit FPSBINDIA.ORG for more details) There are two option to achieve the CFPCM qualification…1) Regular option 2) Challenge option # Challenge option is only applicable who possess the master qualification & atleast 3 years work experience in financial service sector or 5 years in non financial sector. # Regular option is more preferred to acquire the sound knowledge and understanding of concepts and one of the systematic way to achieve the qualification. In Regular option is open for all who possess the 12th or +qualification & has to learn 6 subjects and passed out the 5 exams. 1) Introduction of Financial Planning (weightage 20% in 1-4 exam & 14% in final exam) 2) Insurance planning & risk management (Exam-1) 3) Retirement planning & Employee benefits (Exam 2) 4) Investment planning (Exam 3) 5) Tax planning & Estate Planning (Exam 4) 6) Advanced Financial Planning (Exam-5-Case studies) Why CFPCM ? Strong demand & lower rate of supply: # There is demand of more than 50,000+ CFPCM in Banking & financial services, Investment banking, Research, IT/ITES, Education sectors etc. (supply is right now only 1400+…) # Students who are pursing Graduation/MBA can get the better placement with good CTC. (Normal CTC starts MBA with CFPCM Rs.3,60,000/- CTC) Launching pad for the Fee based advisory for the existing LIC/MF Advisors: # In developed countries, concept of commission based selling is obsolete since long & only advisors who are charging fees are survived and CFPCM qualification can be launching pad to starts your fee based financial planning services. (Right now, CFPCM in Mumbai charges annual fees of Rs.10,000 - Rs.40,000/-) Be Wealth manager for your money: As Individual, we focus lot to earn money & invest atleast 10-12 hours daily. But, when time has come to manage our own hard earned money…we simply relay on third party and later on either looses capital or earn poor return. Let me share the example You are Doctor, spent 10+ years to get the qualification and worked hard in initial days to set the yourself as well known doctor. Now, You have the own your hospital/clinic and again works 12+ hours and earns approx. 2,00,000+ per month and you are investingex. Rs.50,000/ month(or annual approx. 6,00,000/-) for your future but when time comes for investment you just invest on recommendation of your Bank/friend/relative/neighbor in equity/LIC/Real estate…many of times, bank/LIC agent suggests the product in which they getting more commission & you may end up with the inferior products and looses the capital/reduced returns.) CFPCM qualification helps to learn the ABC of personal financial planning & later on you can become expert in Insurance planning/Investment planning/Tax planning & can choose the best and earn the higher returns. How you can be CFPCM ? There are two options 1) Self study mode-Difficult one & poor learning on concepts and poor pass ratio 2) Education provider-It is systematic approach…where EP provides study materials, Financial calculators, Class room coaching-110+ hours & online/offline query handling, mock test etc. In Regular mode, Student can achieve the CFPCM qualification with right coaching & preparation in 6 to 12 month time frame. Why CFPCM with us? BENEFITS OF ENROLLMENT WITH ICOFP # NO.1 EP ACROSS INDIA # MORE THAN 40%+ CFPs # INCLUDES 7 HIGH QUALITY BOOK # FINANCIAL CALCULATOR # QUALITY 110 HOUR CLASSROOM COACHING BY CFP CERTIFIED FACLTY # ONLINE QUERY HANDLING SUPPORT + ONLINE MOCK TEST BENEFITS OF ENROLLMENT WITH KEYUR SHAH # 3 EQUAL MONTHLY INSTALMENT OPTION # END TO END PROACTIVE SUPPORT TILL YOU PASS # PRACTICAL TIPS & GUIDANCE NOTES: HOW TO CRACK CFP IN 9 MONTH TIME FRAME" # SPECIAL EXAM ORIENTED MODULE WISE SHORT NOTES

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    325 просмотров23 страницы

    Financial Planning: An Emerging Career in The Financial Services

    Загружено:

    keyur1975
    What is CFPCM ? CERTIFIED FINANCIAL PLANNERCM is the highest & global qualification in the areas of Personal Financial Planning. It is recognized in 23 countries including India & there are only 1400+ CFPCM India in last 8+ years. (Please visit FPSBINDIA.ORG for more details) There are two option to achieve the CFPCM qualification…1) Regular option 2) Challenge option # Challenge option is only applicable who possess the master qualification & atleast 3 years work experience in financial service sector or 5 years in non financial sector. # Regular option is more preferred to acquire the sound knowledge and understanding of concepts and one of the systematic way to achieve the qualification. In Regular option is open for all who possess the 12th or +qualification & has to learn 6 subjects and passed out the 5 exams. 1) Introduction of Financial Planning (weightage 20% in 1-4 exam & 14% in final exam) 2) Insurance planning & risk management (Exam-1) 3) Retirement planning & Employee benefits (Exam 2) 4) Investment planning (Exam 3) 5) Tax planning & Estate Planning (Exam 4) 6) Advanced Financial Planning (Exam-5-Case studies) Why CFPCM ? Strong demand & lower rate of supply: # There is demand of more than 50,000+ CFPCM in Banking & financial services, Investment banking, Research, IT/ITES, Education sectors etc. (supply is right now only 1400+…) # Students who are pursing Graduation/MBA can get the better placement with good CTC. (Normal CTC starts MBA with CFPCM Rs.3,60,000/- CTC) Launching pad for the Fee based advisory for the existing LIC/MF Advisors: # In developed countries, concept of commission based selling is obsolete since long & only advisors who are charging fees are survived and CFPCM qualification can be launching pad to starts your fee based financial planning services. (Right now, CFPCM in Mumbai charges annual fees of Rs.10,000 - Rs.40,000/-) Be Wealth manager for your money: As Individual, we focus lot to earn money & invest atleast 10-12 hours daily. But, when time has come to manage our own hard earned money…we simply relay on third party and later on either looses capital or earn poor return. Let me share the example You are Doctor, spent 10+ years to get the qualification and worked hard in initial days to set the yourself as well known doctor. Now, You have the own your hospital/clinic and again works 12+ hours and earns approx. 2,00,000+ per month and you are investingex. Rs.50,000/ month(or annual approx. 6,00,000/-) for your future but when time comes for investment you just invest on recommendation of your Bank/friend/relative/neighbor in equity/LIC/Real estate…many of times, bank/LIC agent suggests the product in which they getting more commission & you may end up with the inferior products and looses the capital/reduced returns.) CFPCM qualification helps to learn the ABC of personal financial planning & later on you can become expert in Insurance planning/Investment planning/Tax planning & can choose the best and earn the higher returns. How you can be CFPCM ? There are two options 1) Self study mode-Difficult one & poor learning on concepts and poor pass ratio 2) Education provider-It is systematic approach…where EP provides study materials, Financial calculators, Class room coaching-110+ hours & online/offline query handling, mock test etc. In Regular mode, Student can achieve the CFPCM qualification with right coaching & preparation in 6 to 12 month time frame. Why CFPCM with us? BENEFITS OF ENROLLMENT WITH ICOFP # NO.1 EP ACROSS INDIA # MORE THAN 40%+ CFPs # INCLUDES 7 HIGH QUALITY BOOK # FINANCIAL CALCULATOR # QUALITY 110 HOUR CLASSROOM COACHING BY CFP CERTIFIED FACLTY # ONLINE QUERY HANDLING SUPPORT + ONLINE MOCK TEST BENEFITS OF ENROLLMENT WITH KEYUR SHAH # 3 EQUAL MONTHLY INSTALMENT OPTION # END TO END PROACTIVE SUPPORT TILL YOU PASS # PRACTICAL TIPS & GUIDANCE NOTES: HOW TO CRACK CFP IN 9 MONTH TIME FRAME" # SPECIAL EXAM ORIENTED MODULE WISE SHORT NOTES

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    Attribution Non-Commercial (BY-NC)
    Скачайте в формате PPT, PDF, TXT или читайте онлайн в Scribd
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    из 23

    Financial Planning: An Emerging Career in the Financial Services

    Presented By: Financial Planning Standards Board India (FPSB India)


    702, 7th Floor, Leela Business Park, Andheri-Kurla Road, Andheri East, Mumbai 400059 P: +91 22 61712424, F: +91 22 61712444

    Email: info@fpsbindia.org Website: www.fpsbindia.org

    Contents
    Part I : What is Financial Planning ? Part II : CERTIFIED FINANCIAL PLANNERCM ( CFPCM ) Certification in India Part III : CFPCM Certification versus other Careers in Financial Services Part IV : Pathway to CFPCM Certification Part V : Career Prospects for CFPCM Certificants
    CFPCM, CERTIFIED FINANCIAL PLANNERCM and are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. Financial Planning Standards Board India is the marks licensing authority for the CFP Marks in India, through agreement with FPSB Ltd.

    Financial Planning is the process of meeting an individuals Life Goals* through the proper management of ones finances.
    * Buying a home, Investing for a childs Education/Higher Education, Marriage, and Retirement corpus while ensuring Tax Efficiency, Risk Management, etc.
    3

    What is Financial Planning? The Continuum of Professions

    Unskilled Occupations

    Clerical, Sales & Craft Occupations

    Emerging Professional Occupations

    Developed Professional Occupations


    4

    Financial Planners - The Personal CFOs

    Regulatory Developments in Financial Planning Industry


    SEBI withdraws entry load on investments in Mutual Funds a momentous step towards strengthening fee based Financial Advisory Services in the country. Swarup Committee Report mentions withdrawal of Agents commission on insurance products Further vindicating the common stance of regulatory bodies in promoting fee based Financial Advisory Services.

    Contents
    Part I : What is Financial Planning ? Part II : CERTIFIED FINANCIAL PLANNERCM ( CFPCM ) Certification in India Part III : CFPCM Certification versus other Careers in Financial Services Part IV : Pathway to CFPCM Certification Part V : Career Prospects for CFPCM Certificants
    CFPCM, CERTIFIED FINANCIAL PLANNERCM and are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. Financial Planning Standards Board India is the marks licensing authority for the CFP Marks in India, through agreement with FPSB Ltd.

    Mark of Quality The World Over CFPCM


    Tested for Competency Education, Examination & Work Experience CERTIFIED FINANCIAL PLANNER
    CM

    Committed to Ethical Conduct Code of Ethics & Rules of Professional Conduct

    Highest Level of Certification globally in the field of Financial Planning


    CFPCM, CERTIFIED FINANCIAL PLANNERCM and are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. Financial Planning Standards Board India is the marks licensing authority for the CFP Marks in India, through agreement with FPSB Ltd.

    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 Upcoming Certification 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 1,15,000 worldwide in 23 countries
    9

    Four Criteria for CFPCM Certification (4Es)


    Education Examination

    Experience
    Ethics
    10

    Levels of Certification
    CERTIFIED FINANCIAL PLANNERCM ( CFPCM ) Associate Financial Planner (AFP)

    Testing Modules
    Introduction to Financial Planning Risk Analysis and Insurance Planning Retirement Planning and Employee Benefits Investment Planning Tax Planning and Estate Planning Advance Financial Planning

    11

    Facts about Examination & Certification conducted by FPSB India


    Over 16000 registered students and over 13000 examinations conducted online every year at 99 centers across India in bilingual mode. Over 15000 Certificants (AFP and CFPCM) of which1,749 are eligible for CFPCM Certification.

    12

    Contents
    Part I : What is Financial Planning ? Part II : CERTIFIED FINANCIAL PLANNERCM ( CFPCM ) Certification in India Part III: CFPCM Certification versus other Careers in Financial Services Part IV : Pathway to CFPCM Certification Part V : Career Prospects for CFPCM Certificants
    CFPCM, CERTIFIED FINANCIAL PLANNERCM and are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. Financial Planning Standards Board India is the marks licensing authority for the CFP Marks in India, through agreement with FPSB Ltd.

    Career Avenues in Financial Services


    Course Designation Institute Main Areas Covered Stages/level

    CA CS CFPCM ICWA CFA CPA

    Chartered Accountant Company Secretary Certified Financial Planner Cost Accountant Chartered Financial Analyst Certified Public Accountant

    The Institute of Chartered Accountants of India The Institute of Company Secretaries of India Financial Planning Standards Board India Institute of Cost and Works Accountants of India Association of Investment Management & Research American Institute of Certified Public Accountants

    Accounting, Taxation & Auditing Company Law Financial Planning Costing Portfolio Mgmt & Investment Analysis Accountancy ,Taxation

    CPT, PCC, Final* Foundation, Inter & Final 6 Modules Foundation, Inter & Final 3 levels 4 papers
    14

    * Common Proficiency Test (CPT), Professional Competence Course (PCC)

    Contents
    Part I : What is Financial Planning ? Part II : CERTIFIED FINANCIAL PLANNERCM or CFPCM Certification in India Part III : CFPCM Certification versus other Careers in Financial Services Part IV: Pathway to CFPCM Certification Part V : Career Prospects for CFPCM Certificants
    CFPCM, CERTIFIED FINANCIAL PLANNERCM and are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. Financial Planning Standards Board India is the marks licensing authority for the CFP Marks in India, through agreement with FPSB Ltd.

    Pathway to CFPCM Certification


    1. Regular Pathway to accomplish the Education criterion Enroll with any of FPSB Indias authorized Education Providers Self Study Mode 2. Challenge Status Pathway for working Professional : Requires additional higher qualification or professional qualification as specified by FPSB India apart from Graduation degree 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
    16

    Contents
    Part I : What is Financial Planning ? Part II : CERTIFIED FINANCIAL PLANNERCM ( CFPCM ) Certification in India Part III : CFPCM Certification versus other Careers in Financial Services Part IV : Pathway to CFPCM Certification Part V : Career Prospects for CFPCM Certificants
    CFPCM, CERTIFIED FINANCIAL PLANNERCM and are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. Financial Planning Standards Board India is the marks licensing authority for the CFP Marks in India, through agreement with FPSB Ltd.

    Huge Demand Supply gap for CFPCM Professionals in India

    India has 1,000+ CFP Certificants for a population of 1200 million Versus

    58,830 CFP Certificants in US (250 million Population)


    17,230 CFP Certificants in Canada (60 million population) 15,802 in Japan (120 million population)

    Against other Financial Services Intermediaries in India


    20 Lakh+ Life Insurance Agents 50,000+ Mutual Fund Advisors 25,000 + Bank Branches , 5,000+ Insurance Services Branches and 10000+ Brokerages Service Branches
    18

    Career Prospects for CFPCM Certificants


    Job Opportunities
    Financial Planning is becoming an integral part of Wealth Management in India. Banks and Wealth Management firms are employing Financial Planners to provide value added services and advisory to their clients. In the emerging regulatory scenario, knowledge based ethical advisory as espoused by CFPCM certification is being looked upon as a preferred professional qualification

    International Business
    CFP Certification is a globally accepted professional qualification in Financial Planning CFP Certification has cross-border use where a foreign affiliate recognizes a candidates accreditation in ones own territory. The globally accepted curriculum of CFP Certification opens up huge international opportunity in an increasingly borderless global environment

    Self Employment
    The varied knowledge base that CFPCM Certification imparts, enables an Advisor to offer advice on multiple asset classes thus increasing the share of his wallet. The varied knowledge base that CFPCM Certification imparts, empowers a Certificant to launch into a career of ones own. CFPCM Certification provides various platforms for practitioners to professional network and explore opportunities in Financial Services.

    Career Prospects for CFPCM Certificants

    Charter Members of FPSB India have resolved that they will give first preference to CFPCM Certificants in recruitment

    21

    Times of India December 27, 2006

    Press Coverage

    22

    Thank You!

    23

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