Financial Planning is introduced with the six-step process which includes Financial Planning process, Client Interactions, Time Value of Money Applications, Personal Financial Statements, Cash flow and Debt Management, Asset Acquisition, Education Planning, Overview of Risk Management, Investment Planning and Retirement Planning, Special Circumstances, Plan Integration, Ethics and Business Aspects of Financial Planning.
This module focuses on the knowledge requirements relating to insurance and risk analysis for a CFP certification. It introduces students to risk analysis and insurance decisions in personal financial planning. The end goal for the module is planning for clients’ exposures to mortality, health, disability, property, liability and thus gaining a perspective of the long term risk for the client.
This module emphasizes the knowledge requirements related to retirement planning and employee benefits for a CFP professional. This module stresses on the process of wealth creation, retirement planning and strategies for clients.
This module provides an introduction to Investment Planning, Investment vehicles, investment strategies, Regulation of an investment advisor, Application to clients, etc.
Portions of Tax Planning and Estate planning that are relevant to a CFPCM professional is covered in this module.
This module brings together all that has been learned and supplements it with other miscellaneous topics. The module caters to the final goal of the course i.e. constructing a comprehensive Financial Plan for a client.
A candidate must meet both the Education and experience criteria to become eligible to write Challenge Status Exam:
- Education: A candidate must be a CA / Intermediate level, CFA® charter holder (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.
- Experience: Pre CFPCM Examination (3 Years in Financial Services industry & 5 Years in Non-Financial Services Industry)
For more details on eligibility criteria please contact FPSB India
Certification and Exam fee through Challenge Status
|1||FPSB India||Rs. 29,955||Registration Fees valid for 1 year, inclusive of initial CFP Certification fees, Administration & Processing Fees|
|4||Charter Member||Rs. 15,795||Registration Fees valid for 1 year, inclusive of initial CFP Certification fees, Administration & Processing Fees|
|No of questions||30|
|Other Details||No Negative Marking|
The following is the grading system for all the exams of CFP Certification:
|A||Equal and above 75%|
|B||Equal and above 60% and less than 75%|
|C||Equal and above 50% and less than 60%|
|Fail||Less than 50%|
After the completion of Final Module i.e. “Advance Financial Planning” and completion of experience criteria you will get “CFP Certification” from FPSB India.