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Curriculum (CFPCM) |
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The curriculum, prescribed by FPSB India consists of six modules: |
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Introduction to financial planning |
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Risk Analysis & Insurance Planning |
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Retirement planning & employee benefits |
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Investment planning |
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Tax & estate planning |
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Advanced financial planning |
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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: |
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| 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. |
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| 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. |
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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. |
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| 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. |
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| 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. |
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| 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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