The Indian Institute of

Financial Planning
WHAT IS FINANCIAL PLANNING…?

PROCESS OF ANALYSING AND MEETING THE FUTURE NEEDS AND GOALS

OF AN INDIVIDUAL THROUGH PROPER MANAGEMENT OF FINANCES

Needs and goals can include buying a home, car, saving for a child’s education or
planning for retirement, marriage etc.
STEPS IN FINANCIAL PLANNING

The process involves gathering relevant financial information,

helping the client in identifying life goals, examining your current
financial status and coming up with a strategy or plan for how you
can meet your goals given your current situation and future plans.
FINANCIAL PLANNING FOR THE FUTURE

Phase I Phase II Phase III

Child’s Marriage
Child’s Education

Housing

Children
Marriage
22 yrs 38 yrs Over 25 - 30 yrs

Birth & Education Earning Years Retirement Age

22 yrs 60 yrs
Age
Certified Financial Planner
The CFPCM, Certified Financial Planner (CFPCM) and Certification
marks are the most recognized Financial Planning marks in the
world. Unlike an educational designation offered by a college or
university, CFPCM Certification is based on independently
established public interest standards. As a result, it prepares you
for a career-long commitment to meeting the ever-changing needs
of your clients.

CFPCM stands for Certified Financial Planner. It is the most

recognized financial planning mark in the world. CFPCM is a global
certification which endorsed the holder with the freedom to
practice in more than 20 countries.
CERTIFIED FINANCIAL PLANNERCM

 LABELLED AS “GOLD STANDARD” IN THE FINANCIAL PLANNING

AND WEALTH MANAGEMENT INDUSTRY BY WALL STREET JOURNAL

 RATED AS “HOT JOB” BY CNBC IN 2003

 INTERNATIONAL DESIGNATION RECOGNISED IN 20 COUNTRIES

 PROMOTED BY 48 TOP INDIAN FINANCIAL SECTOR COMPANIES

WHY BECOME A CFPCM?

 Financial planner is one of the 10 best career prospects by 2007

(source:Scotiabank Survey)

 Careers in financial planning will continue to be in top demand in 2014

(source:Canadian Business Magazine)

 Financial planning is the “Number #1 Job in America”

( source: Jobs Rated Almanac)
IMPORTANCE OF CFPCM

 CFPCM qualification is MANDATORY for Wealth Managers & Financial

Planners in countries like U.S.A, U.K, SINGAPORE, HONGKONG.

 The Proposed PFRDA Bill will open career opportunities for CFPCM
professionals.
Implications of Upgrading Professionals as
CFPCM Practitioners

 Transform from Financial Chemist To Financial Doctors

 Managing Competition effectively
 Increase in Client Acquisition/Retention
 Introduction of Global Standards
 Fulfilling the Societal Obligations (Holistic Advise)
 Fee Based Income just as professionals
EXPERT SPEAK

“CFPCM should provide cost effective services

……and we will require 50,000 CFPCM
professionals in India by 2010”

Mr. M Damodaran
(Ex Chairman of SEBI)
 FPSB India

 Established in April 2000 as Association of Financial Planners India

 Renamed as Financial Planning Standards Board India in 2005
 Affiliate of Financial Planning Standards Board ( FPSB) based in Denver, USA
 Non Profit Professional Membership & Certification Organization, with a mandate to
professionalize the Financial Planning Industry
 FPSB India oversees the administration of the internationally recognized CFPCM
certification process in India.
FPSB India- Board of Directors

S.No Name Designation Designation & Company

1 Mr. Shailesh Haribhakti Chairman Managing Partner & CEO, Haribhakti Group
2 Mr. Ajay Bagga Director CEO, Lotus India AMC Pvt. Ltd.
3 Mr. Amitabh Chaturvedi Director Group President, Reliance Capital Ltd
4 Mr. Anup Bagchi Director Sr. General Manager, ICICI Bank Limited
5 Mr. C Jayaram Director Executive Director, Kotak Mahindra Bank Ltd.
Director Professor (Head Academics), International
6 Ms. Madhu Sinha
College of Financial Planning
7 Mr. Sameer Bhargava Director Vice President, Principal PNB AMC Pvt Ltd.
Director Head Academics, IMS Learning Resources Pvt.
8 Mr. Yeshwant Angane
Ltd.

9 Mr. Ranjeet S. Mudholkar Director CEO, Financial Planning Standards Board India
CFPCM Global Recognition

Australia Indonesia
Austria Japan
Brazil Malaysia
Canada New Zealand
China Republic of Korea
Chinese Taipei Singapore
France South Africa
Germany Switzerland
Hong Kong United Kingdom
India United State of America
 Enrolment and Examination Procedure

 Step 1 :
 To get yourself on the Path to CFP you have to Enroll for the
program with The Indian Institute of Financial Planning (IIFP)
by paying the requisite fee.

 Step 2 :
 In all there are 5 examinations which are conducted at NSE
centers by FPSB, India. All examinations are held online.
Examinations are held round the year after a prescribed lock-in
period of 60 days from date of registration with FPSB, India
through IIFP.
About IIFP…..Backed by an Eminent
Educational Institution, DPS, Varansi
 Promoted By “Kush Education Society” which was
established in 2001.

 The society runs the Delhi Public School (DPS) in Varanasi with
a student strength of around 2,500 and staff strength of
around 300.

 Society has an asset base of around Rs. 50 crores.

 Promoters of the society include eminent industrialists and

academicians, with a combined assets base of more than Rs.
600 crores.
 Deliverables from IIFP
1)Easy to understand and comprehensive study material for each
module.

2)Workbooks containing exhaustive question bank developed on exam

pattern.

3)SSS - Smart Study Series, a unique step by step guide to start

your study and also contains important examination questions.

4)ORG-Online Review Guide, a unique online tool that simulates

the actual exam.

5)Online faculty support to answer your doubts by E-mail.

6)Tutorials by highly experienced faculties.

Levels of Memberships

 Associate Financial Planner (AFP)

 Certified Financial Planner (CFPCM)

Course Contents
There are 6 modules in the entire course:

1. Introduction to Financial Planning

2. Risk Management and Insurance Planning
3. Retirement Planning and Employee Benefits
4. Investment Planning
5. Tax Planning and Estate Planning
6. Advance Financial Planning
Module 1
Introduction to Financial Planning

It focuses on a globally recognized six step financial planning process, general

principles of cash-flow planning, budgeting, legal aspects of financial planning.
Familiarizes the students with risk management and insurance, investments,
retirement solutions, tax and estate planning.
Module 2
Risk Management and Insurance Planning

The transfer of risk through use of insurance is an important method of handling

risk. This module examines the principle of risk management and insurance to
identify a client's risk exposure and to select appropriate risk management
technique. Study of General and Life insurance policies are also covered in
detail.
Module 3
Retirement Planning & Employee Benefits

As India’s population ages, it is critical that financial planner know how to advice
client properly to achieve a secure retirement. This modules teaches retirement
need analysis and techniques / process to be used when developing a retirement
plan. Employee benefits such as EPF, superannuation fund, gratuity, pension
plans are also discussed.
Module 4
Investment Planning

Having the knowledge to evaluate and choose the right investments is basic to the
implementation of a sound financial plan. This module reviews all categories of
investments, client assessment techniques, economic factors, risk and return analysis,
valuation methods, asset allocation strategies and portfolio management techniques.
Module 5
Tax & Estate Planning

Having the knowledge of tax laws will enhance the effectiveness of a financial
planner. This cover tax planning and estate planning in detail. It also covers personal
income-tax computation, capital gains, tax management techniques, will, trust etc.
Module 6
Advanced Financial Planning

This final module builds upon the earlier modules and integrates all aspects of
personal finance to construct comprehensive financial plans. Students would learn
how to gather and analyze clients data to develop and recommend appropriate
financial strategy.
ELIGIBILITY, DURATION & EXPERIENCE

ELIGIBILITY: Graduate or Under-graduate from

recognized College/University – any discipline

DURATION: 5 months subject to a maximum 7 Years.

EXPERIENCE: AFP – Not required

CFP – 3 years; can be gained as you proceed.
6 years in respect of undergraduates.

EDUCATION: Through Education Provider only

ETHICS: Agree to adhere to FPSB India’s Code of Ethics.

CFP EXAMINATION

 Conducted by FPSB India.

 Examinations conducted for Modules 2nd to 6th and 20% weightage for Module 1 in
all the five examinations.

 2 Hours exam for Module 2-5 and 4 Hours exam for Module 6.

 Examinations are conducted at National Stock Exchange (NSE) Terminals at Delhi,

Mumbai, Calcutta, Pune, Hyderabad, Ahmedabad, Bangalore, Chennai.
 CAREER OPPORTUNITIES
IN THE FINANCIAL SERVICES INDUSTRY AS
A

CERTIFIED FINANCIAL PLANNERCM

 BANKS : Manager-Investment Advisory, RM, Manager – Mutual Fund, Investment Advisor…….

 AMC’s : Sales, Manager, Center Manager, Research Analyst……..

 DISTRIBUTION HOUSES : Manager – Wealth Mgmt., Sales Manager, RM, Product Manager……

 INSURANCE INDUSTRY : Sales Manager, Manager – Client Acquisition…..

 BROKING FIRMS : Research Analyst, RM, Manager – Operations…………

 NON BANKING FINANCE CO. : Relationship Manager, Manager – Financial Planning………

 FINANCIAL PLANNING FIRMS : Manager- FP, RM, Associate Audit………..

 KPOs : Data Analyst, Client Development Analyst, Equity Analyst ……

 EQUITY FIRMS : Research Analyst, Business Analyst, Research Associate, Technical Analyst……..
 Planner's Path

Source:outlook money
Expected Pay
Levels Job profile Qualification/Experience
(p.a)

Trainees and executives with

Entry wealth managers, banks & Pursuing CFP Rs. 1.5 - 3 Lakh
product distributors

Sales Mangers, Relationship

Pursuing CFP with work
Middle Managers, Wealth Managers, Rs. 2.5 - 7 Lakh
experience
Financial expertise

Functional heads like retirement CFP with work experience

Above Rs. 10
Senior specialists, tax specialists and and other professional
Lakh
business/regional heads. qualifications
Career Avenues in Financial Services
Course Designation Institute Main Areas Covered Stages/level
CFPCM CERTIFIED FPSB,INDIA Financial Planning 6 MODULES
FINANCIAL
PLANNER
CA Chartered Accountant The Institute of Chartered Accounting, Taxation & Level1 , Level
accountants of India Auditing 2,Final

CS Company Secretary The Institute of Company Company Law Foundation, Inter

secretaries of India & Final

ICWA Cost Accountant Institute of Cost and Works Costing Foundation, Inter
Accountants of India & Final

CPA Certified Public American Institute of Certified Accountancy Taxation 4 papers

Accountant Public Accountants

CFA Chartered Financial ICFAI Corporate Finance LEVEL 1,

Analyst LEVEL 2,
LEVEL 3
 Our Centers

 DELHI Campus:
6 A & 11 A, Atma Ram House, Tolstoy Marg, Connaught Place,
New Delhi – 110001.

 Branch Office : Varanasi

A-2, Vinay Kunj, 5 Chandrika Nagar Colony, Sigra, Varanasi.

 Branch Office : Surat

21-23 Sheetal Shopping Square, Bhatar Road, Surat.

 Branch Office: Kolkata

3rd Floor, Back Building ,IISCO House,50 , Chawarangee
Rd,Kolkata

 Branch Office Panipat:

1197 NHBC, Mahavir Dal Rd, Panipat

 Mumbai Office: Prakash Mansion, 2nd flr , no 35, Dr. B.

Ambedkar road, Dadar – East.
Thank You…!