CERTIFIED FINANCIAL PLANNERCM

CERTIFIED FINANCIAL PLANNERCM certification is a mark of excellence granted to individuals who meet the stringent standards of education, examination, experience and ethics. It is the most prestigious and internationally accepted Financial Planning qualification recognized and respected by the global financial community.

The CFPCM certification wins trust and presents opportunities worldwide. In this era of super specialization, the Professional Certification CERTIFIED FINANCIAL PLANNERCM certification gears career aspirants and existing financial intermediaries for giving comprehensive financial advisory services to individuals and make a satisfying career in the financial services industry.

CFPCM certification is the highest level of certification worldwide in the field of Financial Planning with over 1,71,000 CFPCM certificants and widely respected by consumers, professionals & industry. Our Certified financial planner course prepares you for this certificate program.

The CFPCM certification training is built in a way such as to impart knowledge of how to frame financial policies with regard to cash control, lending, and borrowing. It lets students understand the best possible utilization of scarce financial resources at least cost, in order to get maximum returns on investment.

CFPCM designation is a professional certification mark for financial planners conferred by the Certified Financial Planner Board of Standards (CFP Board) in the United States, Financial Planning Standards Council in Canada and 24 other organizations affiliated with Financial Planning Standards Board (FPSB), the international owner of the CFP mark outside of the United States.

FPSB US is the principal licensing body that awards CFPCM Certification in India through an agreement with FPSB Ltd.

CFP Career Opportunities

CFPCM certificant gets enhanced career and employment opportunities with Financial Services companies. It is endorsed by top 44 leading Financial Service Companies in India. Charter Members of FPSB US have resolved that they will give first preference to CFPCM certificant for recruitment.

Below mentioned are some benefits for your career:

  • Your services are sought by banks, distribution houses, AMC, insurance Companies, equity broking and Financial Planning firms.
  • Your credentials will demonstrate trust among the financial consumers.
  • You will meet the global benchmark for competency, ethics & professional practice standards to provide comprehensive Financial Planning services.
  • You will join the global league of the best Financial Planning professionals.
  • More revenue streams by increasing your product and service offering to your clients.

Benefits of CFP Certification

Valued by Stakeholders around the world, CFPCM Certification benefits consumers, practitioners, financial services firms and legislators/regulators/governments in a variety of ways. Learn how each stakeholder group values CFPCM Certification by clicking on the tabs below:

CFP Curriculum

CFP Curriculum in India has changed wef 1st June 2020.

New CFP Curriculum in India is a unique 4-in-1 certification program, which means that it one single program, you get awarded with 4 Certifications.

New CFP Curriculum is segmented into 4 levels. Upon completion of each level, FPSB awards an International certification for that level.

CFP Level 1 – FPSB® INVESTMENT SPECIALIST

International Certification for Investment Professionals specializing in Equity, Mutual Funds , Debt & Other Investments

CFP Level 2 – FPSB® RETIREMENT & TAX SPECIALIST

International Certification for Retirement Planning, Wealth Building, Income Tax, Tax Filing, Tax Saving & Tax Planning

CFP Level 3 – FPSB® RISK & LEGACY SPECIALIST

International Certification for Risk Planning, Life Insurance, General Insurance, Legacy &, Real Estate Planning

CFP Level 4 – CFM CM – CERTIFIED FINANCIAL PLANNER

International Certification for Financial Advisors, Financial Planners, IFAs, Investment Advisors & Finance Professionals

Introduction to Financial Planning
This module would serve as an introduction to Financial Planning. The module would cover in detail the Financial Planner Competency Profile, the six step process which includes Financial Planning process, client interactions, general principles of financial management, financial mathematics, personal financial statements, cash flow and debt management, asset acquisition, FPSB US Code of Ethics and Professional Responsibility and Model Rules of Conduct, and the regulatory environment related to the Financial Planning domain.

Pathways to CFP Certification

There are 2 Routes available to study for CFP program.

1 – Instructor Led

FPSB Board has authorised Education Partners in India who offer CFP Study programs based on the curriculum provided by FPSB. Student can enrol with an Education Provider. ICOFP is India’s 1st and Largest CFP Education Provider authorised by FPSB USA. When you enrol at ICOFP, you get the comprehensive study materials designed exclusively by ICOFP. The study materials comprise of books, workbooks, videos, live classes, case studies, projects, guest lectures, assignments and much more. Once your study is over and you are ready to take the exam, ICOFP certifies you for he same and you don’t need to take the chapter quizzes and mock tests. Straight away, you become eligible to take the Level wise certification exam.

2 – Self Study

A student can register with FPSB directly and opt to a self study. Under this route, student has to register with FPSB and then subscribe to their online learning management system upon which he gets study contents in the form of e-books. Using them the student has to prepare for the exams. Before the exams, student has to take the chapter quizzes and mock tests and pass them with 70% marks to be eligible for taking the Level wise certification exam.

CFP Study Fees at ICOFP

You can opt to study for CFP level wise or can enrol for the full program together, the choice is yours.

The fee plan for ICOFP CFP Study Modes are as below :

Being a top CFP education provider, ICOFP also has financing tie-ups where you can get Interest Free Student Loans for your CFP Education Fee as above.

CFP Certification Fees at FPSB

While you register and enrol with FPSB, you need to pay the fees as per the following schedule.

CFP Eligibility

Pathway To CFPCMCertification

Pathway Education Examination Experience Ethics CFP Certification
Regular A candidate must be HSC/12 pass at the time of enrollment and has to complete the Education criterion, which is passing the four level wise examinations either through self study or through training support from any one of FPSB India’s approved Education Partners. CFP Level1-2-3 & CFP Final Exam Either Pre or Post CFPCM Examinationa (3 Years for Graduates & 5 Years for Non Graduates) Online Study and Attestation Program of FPSB for 5 hrs Signed Declaration for adherence to FPSB India’s Code of Ethics Rules of Professional Conduct Candidate is Authorized by FPSB India to use CFPCM Marks i.e CERTIFIED FluANCIAL PLANNERCM, CFPCM
Challenge Status In case of certain NISM Exams, CA / Insurance Licentiate/ the level wise Online Study Materials subscription at FPSB is exempted at L1 & 2. Education exemption means that they are exempted from buying the study materials but they do need to take Online Mock Test before taking the level wise certification exam. Pre CFPCM Examinationa (3 Year in Financial Service Industries and 5 Year for Non-Financial Service Industries )

CFP Study Materials at ICOFP

Unique blend of Books, e-books, Practice Papers, Projects, Video Lessons, Mock, Guest Lectures to enrich your knowledge, skills and making you a qualified CFP Professional.

There are 3 modes of CFP Study at ICOFP:

1. Class Room

Get taught by expert CFP faculty by attending CFP classes in Delhi and CFP classes in Mumbai at ICOFP campus.

CONTENTS IN CLASSROOM MODE:

Concept Books , Work Books , Pre-View Videos , Re-View Videos , Assignments , Online Mock Tests , Doubt Clearing Session , Case Studies for Practice , Group Projects , Guest Lectures .

(PACKAGE OF 10 ITEMS IN STUDY MATERIALS)

2. Virtual Online

Get taught by expert CFP faculty by attending CFP online classes across India. Study with Online Video classes.

CONTENTS IN VIRTUAL MODE:

Concept Books , Work Books , Pre-View Videos , Re-View Videos , Assignments , Online Mock Tests , Doubt Clearing Session , Group Projects .

(PACKAGE OF 8 ITEMS IN STUDY MATERIALS)

3. E-Learning

If you have a previous academic or professional experience of Finance and you want to study on your own, you can take the e-learning mode. You get pre-recorded videos by the faculty along with best CFP contents.

CONTENTS IN E-LEARNING MODE:

Concept Books , Work Books , Pre-View Videos , Re-View Videos , Online Mock Tests , Group Projects .

(PACKAGE OF 6 ITEMS IN STUDY MATERIALS)

CFPCM Classroom Training

At ICoFP, we believe in providing knowledge based as well as skill based training. Apart from preparing the candidates for CFP examinations through classroom teaching, mock tests etc., we also provide practical training which includes Financial Products training, Financial planning through mutual funds, financial plan construction through excel and more.

On completion, the candidate is not only prepared or CFP examinations but also ready to work in the industry or start his own financial planning practice to provide holistic financial planning services.

Candidates have the flexibility to choose from weekdays as well as weekend classes that best suit their schedule.

Virtual Classes for CFP

Welcome to New-Age Learning!

Wherever you are in India, if you want to study for CFP, you can study with India’s best CFP institute with Realtime Online teaching by the most trusted and expert faculties. You can join online CFP classes and study for CFP conveniently from the safety of your home. Post Covid, considering the travel restrictions and social distancing, Virtual Classes for CFP is the best option. CFP Virtual Classes at ICOFP are highly interactive and are delivered by the same faculty who teach in the class room as well.

CONTENTS IN VIRTUAL MODE:

Concept Books , Work Books , Pre-View Videos , Re-View Videos , Assignments , Online Mock Tests , Doubt Clearing Session , Group Projects .

(PACKAGE OF 8 ITEMS IN STUDY MATERIALS)

Demo Video

CFP E-Learning

Goal of the E-Learning platform is to provide the best user experience, anywhere, anytime, and any device. With the latest technology of Learning Management System (LMS), E-Learning platform aims at delivering updated and engaging content in the most interactive way. Our new and updated portal will give you the best learning experience that can be self-paced and allows a learner to track his/her progress throughout.

CFP Admission Procedure

STEPS TO BECOME A CFPCM CERTIFICANT FROM ICoFP

At ICoFP we emphasize on providing world-class education that will inspire and challenge all students and prepare them for the future.

Our Curriculum has been developed in association with Financial Planning Association (FPA) Australia and National Insurance Academy (NIA) as well as academicians from leading institutes such as IIM, FMS etc.

For a candidate to be a CFPCM certificant, he/she needs to complete the education program in maximum of seven years. To become certified, he/she is required to meet the following initial certification requirements:

Step 1 – ELECT: A candidate must choose the level of series from the following:

  • CFP Certification Knowledge Series – Classroom Mode (Weekday/Weekend options available)
  • CFP Certification Knowledge Series – E-Learning Mode/Virtual Classes
  • AFP Certification Tutorials

Step 2 – Enroll with ICoFP for exam preparation

Step 3 – Register with FPSB

Step 4 – Enroll for exam with NSE

Step 5 – Crack the exams, surge ahead & become a CFPCM certificant

The CFPCM Edge!

CFP Level 1

Investment Specialist Curriculum comprises of 3 Modules – Personal Financial Management (PFM), Investment Planning & Asset Management (IPAM) & Regulatory Environment, Law & Compliance ( RELC).

Within each of these modules, there are 2 Sub Modules – Global & Indian. So the curriculum covers 60% of the Global Content & Concepts and 40% of the India Specific Content & concepts.

1. Personal Financial Management

  • Client Financial Situation
  • Time Value of Money
  • Cash Flow Demands and Conflicts
  • Budget and Emergency Fund
  • Debt and Financing Alternatives
  • Financial Management Strategies

2. Investment Planning/Asset Management

  • Asset Classes and Securities
  • Pooled Investment Products
  • Principles of Investment Risk
  • Investment Performance Management
  • Investment Theory
  • Asset Allocation
  • Wealth Management
  • Behavioral Finance
  • Objectives, Constraints and Suitability

3. Regulatory Environment, Law/Compliance

  • Client Best Interest
  • Economic Environment
  • Social and Political Environments
  • Compliance and Implications
  • Anti-Money Laundering

CFP Level 2

RETIREMENT & TAX SPECIALIST comprises of 2 Modules – Retirement Planning (RP) and Tax Planning (TAX).

Within each of these modules, there are 2 Sub Modules – Global & Indian. The RP curriculum covers 60% of the Global Content & Concepts and 40% of the India Specific Content & concepts but TAX curriculum has 30% Global and 70% India Specific Content to study.

1. Retirement Planning

  • Retirement Principles
  • Retirement Objectives
  • Retirement Needs Analysis and Projections
  • Sources of Retirement Cash Flow
  • Retirement Cash Flow, Withdrawal Projections and Strategies

2. Tax Planning/Optimization

  • International Taxation
  • Cross-Border and Source Rules
  • Tax Strategies
  • Accounting Standards and Research

CFP Level 3

RISK & LEGACY SPECIALIST comprises of 2 Modules – Risk Management & Estate Planning.

Within each of these modules, there are 2 Sub Modules – Global & Indian. Risk Management as a module comprises the content more on Insurance whereas Estate Planning is Legacy & Succession Planning focused content.

1. Risk Management

  • Principles
  • Risk Exposures
  • Intro to Insurance
  • Insurance Company/Advisor Selection
  • Strategic Solutions

2. Estate Planning

  • Estate Planning Terminology
  • Wealth Distribution Goals
  • Estate Planning Process
  • Transfer During Life and at Death
  • Planning for Incapacity
  • Estate Planning Strategies

CFP Final

CERTIFIED FINANCIAL PLANNER comprises of 3 Modules – Financial Planning Process, Engaging Clients for Life & Developing Effective Plans. The final level is more about the practical aspects of Financial Planning & Strategic management of Financial Planning business. The concepts here are more of global in nature.

1. The Financial Planning Process

  • Financial Planning Process
  • Practice Standards
  • Professional Skills
  • Client Characteristics
  • Client Engagement and Communication
  • Critical Thinking

2. Engaging Clients for Life

  • Introduction to the Discovery Process
  • Appreciative Inquiry
  • Discovery Process Applied
  • Goal Determination, Refinement and Setting
  • Develop Financial Planning Recommendations
  • Presenting Recommendations to Clients

3. Developing Effective Financial Plans

  • Financial Planning Overview
  • Financial Plan Elements
  • Developing Effective Plans
  • Sample Financial Plans
  • Financial Plan Assessment

CFPCM FAQs

Ans: CERTIFIED FINANCIAL PLANNERCM Certification is the most prestigious and internationally accepted Financial Planning qualification recognized and respected by the global financial community. CFPCM Certification is a mark of excellence granted to individuals who meet the stringent standards of education, examination, experience and ethics. Education is an integral component of the CFPCM Certification Program and any candidate aspiring to become CFPCM Certificant has to register himself with any of the FPSB Authorized Education Partners.
Ans: FPSB is the principal licensing body that awards CFPCM Certification in India. It is a Professional Certification Organization, part of leading Global Confederation established by prominent financial service corporations with an objective to professionalize the concept of Financial Planning in India. FPSB is supported by 50 Financial Services Organizations in the country as its Charter Members.
Ans: Financial Planning is the process of meeting your life goals through the proper management of your finances. Life goals can include buying a house, saving for your child’s higher education or planning for retirement. It is comprehensive planning which covers all aspects of an individual’s financial well being from wealth creation to wealth protection; selecting products to suit specific needs; monitoring and reviewing his financial situation on a regular basis and revising the plan if required.
Ans: Enhanced career and employment opportunities in financial services sector. Most recognised and respected financial planning certification in 26 countries. Enhanced social status by joining the league of professionals. Highly sought after certification by Banking, Financial Services and Insurance (BFSI) industry as it provides credibility with customers seeking trustworthy assistance. Ideal for self employment. Financial planners can start their own practice as an entrepreneur. Satisfied clients who appreciate the comprehensive approach to Financial Planning and extend long term relationship and referrals. More revenue streams by increasing your product and service offering to your clients. Opportunities to show case your knowledge on Financial Planning & Advising through various media vehicles.
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