About CFP Certification Course
- CFP Certification is a certification mark for Financial Planners conferred by the Financial Planning Standards Board (FPSB)
- CFP Certification is the highest credential offered in Financial Planning globally with over 1,81,000 plus certificants across 26 countries
- CFP course requirements ensure the CFP professionals are familiar with broad knowledge, principles and theories needed to prepare for the professional practice of personal financial planning
- CFP course in India is promoted by top 44 financial institutions including Banks, Mutual Funds, Insurance companies and Stock Broking firms who are called the charter members and give preference to CFP candidates in hiring
- CFP certification course is one of the criteria’s to become a Registered Investment Advisor (RIA) by SEBI and Retirement Advisor with PFRDA.
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About FPSB
- Financial Planning Standards Board (FPSB) is a Professional Membership & Certification organization leading Global Confederation established by prominent financial service corporations with an objective to professionalize the concept of Financial Planning. It proactively guides the development and promotion of standards for Financial Planning professionals.
- FPSB closely works with all the stakeholders viz. the Government, the Regulators, the Industries/Associations, the Corporate, the Media and General Public to achieve its objectives. FPSB offers the highest financial planning credential globally called the CERTIFIED FINANCIAL PLANNER
- FPSB is headquartered in Denver, USA.
Eligibility criteria for CFP certification program
- Regular Pathway: A candidate must be HSC/ Matriculation/ 12 th pass
- Challenge Status Pathway: A candidate must be a CA / Intermediate level, CFA (US), ICWA, CAIIB, CS, LLB, PhD, M.Phil, PG, Licentiate/Associate/ Fellowship of Life Insurance, Actuary, FFSI & FLMI from LOMA, Civil Service Examinations by UPSC.
Course Structure
- Module I – Introduction to Financial Planning
- Module II (Exam 1) – Risk Analysis & Insurance Planning (RAIP)
- Module III (Exam 2) – Retirement Planning & Employee Benefits (RPEB)
- Module IV (Exam 3) – Investment Planning (IP)
- Module V (Exam 4) – Tax Planning & Estate Planning (TPEP)
- Module VI (Exam 5) – Advance Financial Planning (AFP)
View complete syllabus here – http://ambitionlearning.com/Pdf/View-CFP-Complete-Syllabus.pdf
CFP Exam Structure
Exams are computer based with multiple-choice Questions
No negative marking
| Module Name | Exam date | Exam location | Duration of marks | Total marks | Passing(%) |
|---|---|---|---|---|---|
| AFP | Daily (except Sundays & Public holidays) | Pan India across 105 centres of NSE (online mode) | 4 hours | 100 | 50% |
| IFP | No Exam* | No Exam* | No Exam* | No Exam* | No Exam* |
| IP | Daily (except Sundays & Public holidays) | Pan India across 105 centres of NSE (online mode) | 2 hours | 150 | 50% |
| RAIP | Daily (except Sundays & Public holidays) | Pan India across 105 centres of NSE (online mode) | 2 hours | 150 | 50% |
| RPEB | Daily (except Sundays & Public holidays) | Pan India across 105 centres of NSE (online mode) | 2 hours | 150 | 50% |
| TPEP | Daily (except Sundays & Public holidays) | Pan India across 105 centres of NSE (online mode) | 4 hours | 100 | 50% |
* There is no specific exam for IFP, but all the other module exam questions will have 20% of the syllabus from the IFP module.
Training Mode
Class Room Training
- 150+ hours of Classroom Training by Experienced CFP Professionals.
- Unlimited Doubt Solving Sessions.
- Full Time Faculty Support.
- Complete set of CFP Books for all Modules (Work Book & Concept Book).
- All Modules PPT.
- Online Videos for all Modules (24×7)
- Unlimited Online Mock Test
- 100% Placement Assistance.
Distance Learning
- Online Videos for all Modules (24×7)
- Complete set of CFP Books for all Modules (Work Book & Concept Book)
- All Modules PPT
- Unlimited Online CFP Mock Test
- 24×7 Query Portal
Benefits of CFP certification
Global Acceptance
- CFP certification course is truly a global certification with certificants and professionals spread across 26 countries.
- CFPcertification course is rated as the “Gold Standard” by “Wall Street Journal”
- It is also rated as “One of the best Jobs” by U.S. News and World Report, 2012
Job Opportunities
- CFP certification course is Industry Specific and Completely Job Oriented.
- The estimated demand for CFP professionals is over 1,00,000 where as there are only close to 2,000 CFP certificants in India as of 31st March 2019
- 44 chartered members of FPSB across banks, insurance companies, mutual funds and stock broking houses give preference to CFP certificants for jobs
Entrepreneurship / Practice
- Like all other professional certifications leading to practice like CA, CS, LLB etc., CFP certification and its recognition by SEBI and PFRDA makes it the most sought after certification in the personal finance profession.
| Levels | Job profile | Qualification/Experience | Expected Pay (p.a) |
|---|---|---|---|
| Entry | Trainees and executives, Banks , wealth managers and financial advisory firms | Pursuing CFPCM certification program + graduate fresher | Rs. 2-4 lakhs |
| Middle | Sales Managers, Relationship Managers, Wealth Managers, Financial Planners/Advisors, Investment /Insurance Advisors | Pursuing CFPCM certification program with work experience of 1-2 years | Rs. 4-8 lakhs |
| Senior | Functional Heads, Business Heads/Regional Heads, Senior Planners/Advisors and Team | Attained CFPCM certification with a 5-7 years work experience and other professional qualifications | Above Rs. 10 lakhs |
CFP v/s CA & MBA
| Course | Entrance | Duration | Cost | Passing% |
|---|---|---|---|---|
| MBA | Yes | 2 years after Graduation | 5,00,000 | Best Colleges need 95% + Marks in entrance |
| CA | Yes | 5 years | 2,00,000 | 3% CA Final |
| CFP | No | 6 months anytime after 12th | 60,000 | 67% |
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