Modules of CFPCM
- Introduction To Financial Planning
- Risk Analysis & Insurance Planning
- Retirement Planning & Employee Benefits
- Investment Planning
- Tax Planning & Estate Planning
- Advanced 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.
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.
You can earn and use the CFP designation if you complet all the requirement under 4 Es i.e eligibility, examination, experience and ethics. Everybody must sign a declaration of code of conduct with FPSB to complete “Ethics” requirement. Either pre or post CFP exam, graduates must have 3 years of relevant experience and non graduates must have 5 years of relevant experience, to compete “Experience” requirement. To complete remaining 2 Es i.e eligibility and examination, there are two paths:
- Eligibility: 12th pass
- Examination: applicants must clear 5 paper covering all the 6 modules
- Eligibility: candidate with advance qualification such as 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 are eligible for challenge status.
- Examination: Need to clear only one paper of advance financial planning.