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CFP- CERTIFIED FINANCIAL PLANNER
Certified Financial Planner Certification is a mark of excellence granted to individuals who meet the stringent standards of education, examination, experience and ethics. It is the most prestigious and internationally accepted Financial Planning qualification recognized and respected by the global financial community. The CFPCM Certification wins trust and presents opportunities worldwide. This program gears career aspirants and existing financial intermediaries for giving comprehensive financial advisory services to individuals and make a satisfying career in the financial services industry.
CFPCM Certification worldwide is awarded by FPSB Affiliates to competent & qualifying candidates fulfilling the 4 E Criteria of CFPCM Certification
| CFPCM Certification Education Program Syllabus |
Module I - Introduction to Financial Planning |
Module II - Risk Analysis & Insurance Planning |
Module III - Retirement Planning & Employees Benefits |
Module IV - Investment Planning |
Module V - Tax Planning & Estate Planning |
Module VI - Advanced Financial Planning |
By passing the CFP Certification Examination, the candidate demonstrates to the public that he/she has the required level of competency to practice Financial Planning.
Examination Pattern (Exam 1 to 4)
Type of Questions |
Number of Questions |
Total Marks |
1 Mark |
40 |
40 Marks |
2 Mark |
20 |
40 Marks |
4 Mark |
15 |
60 Marks |
Total |
75 |
140 Marks |
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Examination Pattern (Exam 5)
|
Type of Questions |
Number of Questions |
Total Marks |
3,4,5 Marks |
25-30 Questions from 2 Case Studies |
100 Marks(50 Marks each) |
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The following chart shows the various experience criteria mandated by FPSB India |
|
Pathway |
Category |
Experience Sector |
Number of Years |
When should the Candidate gain experience? |
Regular |
Graduate |
Financial |
3 Years |
Pre/Post Exam 5 appearance |
Non-Graduate |
Financial |
6 Years |
Pre/Post Exam 5 appearance |
Challenge Status |
Corporate |
Financial |
3 Years |
Pre Exam 5 appearance |
Non-Financial |
5 Years |
Pre Exam 5 appearance |
Self-Employed |
Financial |
5 Years |
Pre Exam 5 appearance |
Non-Financial |
5 Years |
Pre Exam 5 appearance |
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Prior to certification, the candidates will be required to disclose past or pending litigation or agency proceedings, and to acknowledge the right of FPSB India to enforce its Professional Standards through its Disciplinary Rules and Procedures. By fulfilling this requirement, the candidate demonstrates to the public that he/she has agreed to provide personal Financial Planning in the client's best interest and to act in accordance with the highest ethical and professional standards for the practice of Financial Planning. The Ethics & Professional Standards are enforced by FPSB India’s Board of Professional Review.
CONTINUOUS EDUCATION
Once Certified, CFPCM Certificant must fulfill the Continuing Education (CE) requirement to stay current on Financial Planning strategies, products and trends affecting their clients. CE plays a vital role in the CFPCM Certificants pursuit of ongoing professional competence. This demonstrates to the public that the candidate has kept himself /herself abreast of developments in the Financial Planning field.
CHALLENGE STATUS PROGRAM
Only candidates who are Graduates from a Recognized University and having the following additional Educational Qualifications or equivalent would be eligible under the Challenge Status Program:
|
S.No. |
Name of the Qualification |
1 |
Chartered Accountant (CA) / Intermediate level from Institute of Chartered Accountants of India (ICAI) |
2 |
Chartered Financial Analyst (CFA) from CFA Institute, USA |
3 |
Cost Accountant (ICWA) from the Institute of Cost and Works Accountants of India (ICWAI) |
4 |
Certified Associate of Indian Institute of Bankers (CAIIB) |
5 |
PhD./ M.Phil in Economics, Econometrics, Statistics, Commerce, Mathematics, Finance, Management, Financial Planning/ Advising, Investment (or any other similar discipline) |
6 |
Post Graduate1 in Economics, Econometrics, Statistics, Commerce, Mathematics, Finance, Management2, Financial Planning/ Advising, Investment (or any other similar discipline) |
7 |
LLB (Law) or equivalent |
8 |
Licentiate/Associate/ Fellowship of Life Insurance from Insurance Institute of India |
9 |
Actuary from Institute of Actuaries of India |
10 |
Civil Service Examinations by Union Public Service Commission (UPSC)3 |
11 |
Company Secretary from Institute of Company Secretaries of India. |
12 |
Fellow, Financial Services Institute (FFSI) / Fellow, Life Management Institute (FLMI)from LOMA |
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