 CFPCM CERTIFICATION EDUCATION PROGRAMME:
The CFPCM certification is granted by the FPSB India, an affiliate of FPSB, Denver, USA. CFPCM aspirants have to necessarily complete, among others, prescribed education by joining a FPSB India approved education provider like IIFP.
Why IIFP:
CFP Details:
IIFP offers various options in CFPCM Certification education to students to suit his/her requirements like class room training and a course in distance learning mode.
Eligibility for pursuing the course:
- Undergraduates
- Graduates (in any stream)
- Working Professionals
Admission & Duration of the Course:
The course can reasonably be completed in 5 months at the earliest. The registered candidates are required to clear all the exams. The registration fee charged by FPSB is valid for 1 year in which candidates are required to clear all the exams. However, if a candidate is not able to clear all or any of the exam within that period, he can extend the program for 7 years by paying the registration fee and examination fee of the remaining exams once again.
Registration Process
CFP aspirants are required to pay FPSB registration fees which is currently Rs 10,000 /- (Ten Thousand Only) apart from IIFP`s admission fee.
Exam Schedule:
Examination Model - Examinations 1,2,3 & 4
The examination will be centrally conducted by the National Stock Echange.
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The examinations shall be conducted on-line and is of 2 hour duration. |
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Hall Tickets will be issued by NSE. The student shall be informed about the examination schedule via SMS alert by FPSB |
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Examination Centers for Examination 1, 2, 3 & 4 shall be as per the vacancies and slots available with NSE at the time of enrolment for the Examination. |
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Examination 1 - (Risk Analysis and Insurance Planning), Examination 2 - (Retirement Planning and Employee Benefits), Examination 3 - (Investment Planning) and Examination 4 - (Tax Planning & Estate Planning) shall be held “live” viz. on real time basis. Student has to schedule his/her own Examination on the website www.nseindia.com (link NCFM →online registration/enrolment). The same shall be available effective July 14th 2008. |
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New Student Registrations can opt for Examination only after 60 days of receipt of registration at FPSB India. This is to ensure the student undergoes minimum duration of “Education” requirement before appearing for the examinations. |
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Students can schedule any number of Examinations as per availability of seat. |
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As the student shall self schedule the Examination, no request for any changes related to Examination, test center, etc. shall be entertained. |
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It is mandatory for the student to upload their photographs with NSE, if not done earlier. The same has to be done at www.nseindia.com |
Examination Fee - Examinations 1,2,3 & 4
The Examination Fee has been revised as below:
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For students taking the examinations during the dates 14th July 2008 to 9th August 2008: Rs 1,000/- per Examination |
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For students taking the examinations from 11th August 2008 to 31st March 2009: Rs 1,500/- per Examination |
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For students taking the examinations from 1st April 2009 onwards: Rs 2,000/- per Examination
Examination fee can be paid in 3 ways- cash payment at the designated ICICI Bank branches, net banking, Debit / Credit card. For details refer website www.nseindia.com |
Note: Enrolment for Examination can be done only on payment of fee to NSE.
Students are required to study 6 modules (details given below). However they have to appear in examinations of five modules as no separate examination is conducted for module 1 (Introduction to Financial Planning) and 20% weightage is given to this module in remaining 5 modules, which in other words covers the entire module 1 for the purpose of examination.
The curriculum, prescribed by FPSB India consists of six modules:
Introduction to financial planning
Risk Analysis & Insurance Planning
Retirement planning & employee benefits
Investment planning
Tax & estate planning
Advanced financial planning.
Each of these modules is a self-sufficient unit and completing even one or a few of these modules can get you many lucrative job opportunities. These modules are:
Module 1: Introduction to Financial Planning – This module is comprehensive and offers a complete overview of the financial planning process. It focuses on a globally accepted six-step financial planning process: general principles of cash-flow planning, budgeting, legal aspects of financial planning and acquaints the students with concepts of risk management, investments, insurance, retirement solutions, tax and estate planning, which are covered in greater detail in the subsequent five modules.
Module 2: Risk Analysis & Insurance Planning – This module examines the principles of Risk Analysis & Insurance Planning to identify a client’s risk exposure and accordingly select appropriate risk management techniques. The module reviews basic insurance products, pertaining to both general and life insurance; analyzes various insurance needs, such as medical, disability, life and general insurance and finally determines the type and amount of insurance best suited to the client’s situation and needs.
Module 3: Retirement Planning & Employee Benefits – This module assesses the significance of retirement planning, teaches analysis techniques, review of retirement employee benefits (such as EPF, PPF, Superannuation Fund etc.) and the process to be adopted while developing a retirement plan. It focuses on imparting students’ appropriate skills, enabling them to identify retirement needs of the client and recommend appropriate retirement solutions for a happy and tension-free retired life.
Module 4: Investment Planning – This module trains students in understanding the client’s investment needs and risk appetite and providing suitable solutions aimed at wealth creation. It reviews all categories of investments, client evaluation methods, and economic factors, risk and return analysis, valuation techniques, asset allocation procedures and portfolio performance assessment. Various techniques and concepts used in portfolio construction and management are also examined.
Module 5: Tax & Estate Planning – This module aims to enhance the student’s knowledge in the realm of personal taxation and tax planning, by providing a synopsis of the key tax components. Estate planning sub-module introduces the student to the process of developing an estate plan, including assessment of important techniques of estate planning: wills, gifting schemes, powers of attorney and joint property ownership.
Module 6: Advanced Financial Planning – The final module builds upon the knowledge gained in the previous modules and incorporates all aspects of personal finance that are vital for developing a comprehensive financial plan. Students are taught the steps necessary for collecting and evaluating client data, developing, recommending and executing appropriate strategies and also important aspects related to ongoing monitoring and evaluation of financial plans. Review of the legal, ethical and regulatory issues affecting financial planners is also covered.
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