EXPLORE THE PROGRAM
- About CFP Certification
- Why CFP Certification?
- Who should pursue this course?
- Why IIFC?
- International Affiliation
- FPSB® Investment Planning Specialist
- FPSB® Retirement and Tax Planning Specialist
- FPSB® Risk and Estate Planning Specialist
- FPSB® Integrated Financial Planning Course
- Combination of 3 Specialist Certifications
- CFP Certification Process
- Fee Structure for FPSB
About CFP Certification
CFP 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 with over 1,92,000 CFP Professionals in 27 territories worldwide. The CFP Certification wins’ trust and presents opportunities worldwide.
In this era of super specialization, the Professional Certification – CFP 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.
CFP professionals typically review relevant aspects of a client’s situation across a large range of financial planning activities, which may include Financial Management, Investment Planning, asset management, Risk management, Tax planning, Retirement planning, and Estate planning.
As of 1 April 2019, the CFP Certification program in India is now directly administered by U.S.-based Financial Planning Standards Board Ltd. (FPSB Ltd.), owner of the international CERTIFIED FINANCIAL PLANNER certification program outside the United States.
Why CFP Certification?
- Enhanced career and employment opportunities with Financial Services companies. Your services are sought by Banks, distribution houses, AMC, Insurance Companies, Equity broking, and Financial Planning firms.
- This certification helps financial intermediaries to set up their Financial Services distribution in a more organized way with proper professional branding.
- Approved Certification from NISM to fulfill one of the qualification criteria mentioned in SEBI Registered Investment Advisor guidelines.
- Personal satisfaction of achieving the Financial Planning profession’s highest standard and met the global benchmark.
- Satisfied clients who appreciate the comprehensive approach to Financial Planning and extend long-term relationships and referrals.
- Your expertise and credibility as a qualified professional are instantly communicated.
- More revenue streams by increasing your product and service offering to your clients.
- Enhanced social status by joining the league of professionals.
- Your credentials demonstrate trust among the financial consumers.
Who should pursue this course?
- Financial product distributors dealing in Mutual Fund. Insurance, Securities markets & Asset businesses want to upgrade their skill set with global certification.
- Professionals working in Wealth management, private Banking, AMC & Insurance Companies seeking a career upgrade to up the cadre of their competence and pay scale along with achieving such qualification within a span of a year.
- Students or professionals hoping to travel abroad as a means of sourcing their income, this global Qualification is recognized and holds value in 27 countries.
- Professionals with the will to start their own practice and want to retain the recognition as Registered Investment Advisor (RIA) as per SEBI norms.
- All modules were delivered by CFP Coach Harminder Garg through live Virtual Training.
- More than 15 years of experience in training and CFP Coaching.
- Between 80% to 90% success strike ratio across modules.
- Personal tracking of each student to monitor study progress and feedback session on a regular basis to improve the performance.
- Focus on building a skill set with discussion on live case studies.
- The objective of program is to grow AUM/package by 20% after one year of completion of the program.
- Module wise Books & Workbooks in addition to FPSB Contents.
- Weekly Mock Tests to review the progress and Assessment test before each exam to replicate the exam-like environment.
- Financial Planning tools are shared free of cost at the end of CFP Coaching.
- Membership of CFP network post CFP to resolve your queries and continuous free of cost session to update Knowledge.
- Use of Financial Calculator, Excel sheet, Internet, etc. to link classroom learning to industry application.
- Almost 90% of our students registering with us on the basis of existing student references.
FPSB Limited, US enters into licensing and affiliation agreements with nonprofit organizations (or their equivalent) around the world that allow the organizations to establish and operate the CFP certification program in a country or region. FPSB Affiliates who meet and maintain FPSB’s affiliation criteria high standards are authorized to administer the CFP certification program on behalf of FPSB in a country or region. FPSB India is one of the Affiliate of FPSB Limited.
FPSB® Investment Planning Specialist
FPSB® Retirement and Tax Planning Specialist
FPSB® Risk and Estate Planning Specialist
FPSB® Integrated Financial Planning Course
- Integrate subject matter into holistic, comprehensive planning.
- Apply technical knowledge to FPSB’s financial planning process and professional standards of practice.
- Emphasis on:
- Clients-planner relationship
- Human qualities (soft skills) of the financial planning process
- Clients behavior finance
- Building relationships of trust
- Dealing with biases (advisor and client) to support a client’s goals.
- Three Modules:
- Financial Planning Principal, Process & Skills
- Engaging clients in the Financial Planning Process
- Developing effective financial plans
Combination of 3 Specialist Certifications Plus CFP Certification
The 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 PLANNING SPECIALIST
International Certification for Investment Professionals specializing in Securities Markets & Portfolio Management
CFP Level 2 – FPSB® RETIREMENT & TAX PLANNING SPECIALIST
International Certification for Retirement Planning& Individual Tax Planning
CFP Level 3 – FPSB® RISK &Estate Planning SPECIALIST
International Certification for Risk Management & Estate Planning
CFP Level 4 – CERTIFIED FINANCIAL PLANNER
Global Standard of Excellence in the field of Financial Planning & Wealth Management
CFP Challenge Pathway – Accelerated Pathway direct entry to Level 4 (6 months Program)
Eligibility – 3 years of Financial Services Sector Experience & Any one Professional Certification/Qualification
- Chartered Accountant, from ICAI India
- CFA, USA
- Advanced Wealth Management Course, from IIBF
- MA Economics
- Master of Commerce (M Com)
- MBA (Finance) or PGDFM from an AICTE-approved Institute
- Post – Graduate Certificate program in Finance, PGDFM or other equivalent courses offered by IIM
- Candidates who passed CFP Exam (Exam 5/Advanced Financial Planning) more than five years ago
- SEBI Licenced Registered Investment Advisors
CFP Certification Process
CFP Regular Fee Structure for FPSB US
Registration Fee – 195$
FPSB Specialist Course material for first 3 Levels – 70$ each
FPSB IFP Course material Fee 140$
FPSB Specialist Exam fee for first 3 Levels -72$ each
FPSB Financial Plan Assessment Fee – 77$
FPSB IFP Exam Fee -144$
FPSB Specialist Certification Fee – 105$
On registration, IIFC will give you discount coupons worth 175$ which will be applied when candidates buy Course material.
CFP Challenge status pathway Fee Structure for FPSB US
Document Verification Fee – 60$
Registration Fee – 175$
Financial Plan review Fee – 77$
CFP Final Exam Fee – 144$
Experience: Experience is one of the four criteria verified before a candidate is conferred CFPCM certification. The experience criterion is considered an opportunity for the candidate to apply his/her financial planning knowledge and skills in one or more of the eight competency profiles outlined under the Financial Planning Curriculum Framework.
It is preferable for a candidate to demonstrate his/her capability by way of an acquired work experience that involves the development of a financial plan in accordance with the six-step process of financial planning. However, considering the incipient nature of the financial planning industry in India, it is felt desirable to confer the certification of even those candidates who could demonstrate having put in an adequate number of years in the financial services sector and satisfying one of the competency profiles. This helps professionals from various financial services consolidate their efforts and launch full-fledged financial planning services. The experience accepted is of three years.
Currently, a candidate is required to furnish valid experience of three to five years depending on his/her work experience in financial planning or various financial services, and his/her basic qualifications. The experience is required to be completed prior to or after passing the final certification examination.
For Students, One-year Internship under Practicing CFP as a Supervisory experience also fulfil the experience criteria requirements as per FPSB guidelines.
Active candidates of the legacy pathway who have passed all the 4 components of the legacy exam (Exam 1 to 4) are also eligible to register for the FPSB® Integrated Financial Planning course after transitioning to the new program, completing the Ethics course and taking all the three Specialist certifications. Candidate has to pay consolidated Specialist Certification fee of 100$ which is to be renewed every year.
What is the passing percentage for the Specialist exams and the CFP exam?
There are no pre-approved cut score or pass marks percentage in New Program exams. The exams are assessed for uniform difficulty on month to month and are initially fixed and subsequently equated every month based on a metric that underlines capability of passed candidates to practice on the market place the skills that they acquire.
For more information on requirements in a specific territory, please refer to that territory’s specific website. For a list of FPSB affiliate organizations, please see https://www.fpsb.org/about/member-organizations/.
Your digital credential for CFP certification, which is block chain-verified to help prevent fraud, will allow people to securely and easily verify your CFP certification status across all types of online platforms, including your email signature, website, blog, LinkedIn profile and other social media accounts. FPSB Ltd. is pleased to offer this technology to CFP professionals in India, and will provide additional information on how to leverage these digital credentials to highlight your achievements as a CFP professional at the time of delivery.
Always Accessible – Never worry about losing your certificate; your credential will always be present at its web address.
Easily Shareable – You want to share your achievement. Digital credentials let you showcase your achievement on Facebook, Twitter and LinkedIn.
Control Your Privacy – Take advantage of search ability and have your achievement be discoverable on search engines, or set it to private and share with only selected people. How and when you share your credential is up to you.
Print at Any Time – Easily print a high-quality PDF of your certificate, whenever you’d like.
Learning, Verified. – Your achievement can be verified at any time. Your certification(s) on LinkedIn can be linked to your live credential so anyone, anywhere can see what you have achieved.