Anyone who has passed 12th standard can take this route to CFP certification. One has to clear 5 examination and go through 5 modules i.e. Introduction to financial Planning, Risk management & Insurance planning, Retirement planning & employees benefits, Investment Planning, Tax Planning
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. ( Note: No separate exam is conducted for Module no. 1. Weightage of 20% of module no.1 is given in all other modules.)
Risk Analysis and Insurance 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.
Retirement Planning and Employee Benefits
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.
Tax Planning and Estate Planning
Portions of Tax Planning and Estate planning that are relevant to a CFPCM professional is covered in this module.
Advanced Financial Planning
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.
Exams & Certifications
A candidate must be HSC/12 th pass at the time of enrolment
Certification and Exam fee through Regular way
Student Registration Fees with FPSB India: Rs 16,385 (valid for 1 year)
Exam 1-4 Fees: Rs 4,130 per exam per attempt
Exam 5 Fees: Rs 8,260 per attempt
CFPCM Certification Fees: 7,080 and to be renewed annually
Exam Pattern for Module 1-4
Type of Questions
Number of Questions
Note : No negative Marking, Exam duration-2hrs, No sperate exam for introduction to financial planning
Exam Pattern For Module-5
No of questions
No Negative Marking
The following is the grading system for all the exams of CFP Certification:
Equal and above 75%
Equal and above 60% and less than 75%
Equal and above 50% and less than 60%
Less than 50%
CFPCM charter after completing the experience requirements
“Financial Planning plays a pivotal role in maintaining financial health, and CFP has given me insight to learn it. I learnt about CFP from IMS, and I’m thankful to it for giving a new shape to my career path.”
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