CERTIFIED FINANCIAL PLANNER – A GLOBAL RECOGNITION

An Increased Demand Makes Cfp An Attractive Option
CFP is one of the best finance courses in the world. The demand for CFPs has caught pace recently because the world has now started knowing the value of the knowledge that a CFP gains from the extensive study of finance. The CFP board of standards is the apex authority which gives the person a right to use CFP degree with his name.  In India the Financial Planning Standards Board (FPSB) which is affiliated to FPSB, USA is the main authority conducting CFP exams. CFP not only has the best finance course but is a globally recognized degree. In a country like India there are just around 7,500 CFPs as of now and the demand is expected to rise to about 1,00,000 in 2015.

Finest Course Material
A CFP has the highest level of knowledge when it comes to finance. A CFP can handle any kind of finance operations ranging from risk management & insurance planning, retirement planning & employee benefits, investment planning & portfolio management, taxation and estate planning to general & advance financial planning. Such huge course curriculum make a CFP well equipped to deal with any kind of finance issue. CFPs have the advantage of dealing with a wide diversity of clients with different background and needs and the only thing that makes it possible is the financial knowledge that they have. CFP consists of 5 modules and the test centres are located in India.

Global Recognition
CFP done from any part of the world is affiliated to FPSB, USA is considered to be equivalent to general CFP and is the charterholder of CFP board. Not only this, the degree is eligible to be used anywhere in the world which implies the person can find a job in any corner of the world irrespective of the place from where he pursued his CFP degree.

Job prospects
CFPs have a bright career when it comes to the prospects of the charterholder. There is an option to work with a group/company or to start own private practice. CFPs have multiple sources of income. They earn commission on the trades that they execute for their clients, they earn consultation fee for discussing and solving problems of their clients and last but not the least a regular income is earned by way of salary in case the CFP also works for a company. There is a lack of CFPs because of the excellent skills that they have. The CFP career is being adapted by more and more people who have realized that this course has added a whole new dimension to the finance field.

Ethics – The Pillars of Discipline
Ethics is the key to every successful venture. In the absence of ethics there are scams and mis-management. And when it comes to finance i.e. when money is involved ethics becomes all the more important. CFP ethical code of conduct should be adhered to by all the charterholders failing which they can be banned from using CFP degree. The biggest ethical principle that CFP and any other finance course expects you to follow is to treat the clients investment as your own money and ensure that the money is returned back with a reasonable rate of return.