The Indian Institute of Financial Planning

The Indian Institute of Financial Planning

Call us @ +91-97111-88-200
More About CFP

OUR RECRUITERS

CFPCM

Key Facts

CFPCM Certification Education Programme

Finance Planning Course

MORE ABOUT CFPCM

What is Financial Planning?

Financial planning is the process of meeting a person's life goals through the proper management of their finances. It is a coordinated process for identifying, planning for, and meeting goals related to financial needs for individuals and families. Financial Planning helps a person make advance provision for financial needs that will arise in the future. The individual's goals are used as guideposts to map a course of action on 'what needs to be done' to reach those goals. It includes investment planning, tax planning, insurance planning, cash management and budgeting, retirement planning and estate planning.


What is Financial Planning?

Financial planning is the process of meeting a person's life goals through the proper management of their finances. It is a coordinated process for identifying, planning for, and meeting goals related to financial needs for individuals and families. Financial Planning helps a person make advance provision for financial needs that will arise in the future. The individual's goals are used as guideposts to map a course of action on 'what needs to be done' to reach those goals. It includes investment planning, tax planning, insurance planning, cash management and budgeting, retirement planning and estate planning.


What are the career prospects in Financial Planning?

Financial Planning is one of the fastest-growing professions across the world. This profession is rated as Gold Standard by Wall Street Journal. The opportunities are aplenty with Banks, Financial Planning Outfits, Wealth Managers, Life Insurers, Accounting Firms, Stock brokers seeking professionals with such expertise and skill sets.


What is CFP Certification?

CFP certification is an international certification program in the field of financial advisory services. CERTIFIED FINANCIAL PLANNERCM Certification or CFP Certification is a mark of excellence granted to individuals who qualify all module examinations and also meet the stringent standards of education, examination, experience and ethics. It is awarded in India by Financial Planning Standards Board, India (FPSB, India) which is a non profit organization and is backed by 49 charter members which are primarily all major players in the field of personal finance in India like Banks, Mutual Funds, Asset Management Companies, Insurance Companies etc


What are the course contents of CFP educational program?

The CFP certification program consists of 6 study modules, namely :

  1. Introduction to Financial Planning
  2. Risk Analysis and Insurance Planning
  3. Retirement Planning and Employee Benefits
  4. Investment Planning
  5. Tax Planning and Estate Planning
  6. Advanced Financial Planning

The first module i.e. Introduction to Financial Planning does not have an individual exam but is embedded in the examination of other five modules of the CFP Certification Program. The Curriculum for the CFP Certification is GLOBAL. It essentially means that it is global in outlook but has been localized as per the laws and regulations governing a particular country. The Syllabus is made by leading industry practitioners and academicians and is reviewed periodically to ensure that the curriculum is up-to-date and relevant to those working in the Financial Planning industry.


Is CFPa global Certification?

Yes, currently CFP Certification is offered and recognized in over 23 countries including Australia, Austria, Belgium, Brazil, Canada, China, China Taipei, France, Germany, Hong Kong, Indonesia, Ireland, Japan, Malaysia, New Zealand, Republic of Korea, Singapore, South Africa, Switzerland, Thailand, United Kingdom and United States of America. FPSB, Denver, US enters into licensing and affiliation agreements with non-profit organizations (or their equivalent) around the world that allows the organizations to establish and operate the CFP certification program in a country or region. FPSB India is one of the Affiliates of FPSB, Denver, USA. CFP certification undertaken in any of the affiliate countries is recognized globally and governed by cross border policy usage.


What is AFP Certification?

AFP stands for Associate Financial Planner. It is a designation for which a student is eligible on successful completion of any of the CFP examination modules. The certifications available under this option are : 1) AFP Risk Analysis and Insurance Planning 2) AFP Retirement Planning and Employee Benefits 3) AFP Investment Planning 4) AFP Tax and Estate Planning


Who should consider CFP Program?

CFP Certification is ideal for professionals working in the financial services field in various capacities like customer relationship officers, insurance agents, stock brokers etc. and for those looking to expand their careers in the financial services business, and it is equally beneficial for Graduates who wish to have a professional qualification which is globally recognized.


What will be the duration of the course?

In weekend classroom mode this program can be successfully completed in around 5 months period.


Who can enroll for this course?

The candidate for enrolling for CFP Certification is required to be SSC or Class 10 pass, but he/she needs to be HSC or Class 10+2 pass for the award of CFP Certification subject to fulfilling experience criteria.


Is the work experience mandatory to register as a student of CFP program?

No. Work experience is mandatory to register as a student of CFP program.


How to register for this course?

IIFP offers this course in classroom and Distance Learning modes. The candidate needs to contact nearest IIFP office and can register for this course by paying the requisite IIFP and FPSB fee, based on the mode of study selected.


When and where are the examinations held?

The examinations are held across India on all NSE examination centers throughout the year. The candidate must register a seat in advance and pay the requisite examination fee to take the examination. At present, the examination fee for Exam 1 – 4 is Rs. 2,000 per attempt and for Exam -5 it is Rs 5,000 per attempt.


Do I need to take CFP examinations in the module sequence only?

No, a candidate can take the examination for Exam 1-4 in any sequence but Exam 5 can only be attempted once the candidate has successfully cleared the Exams 1-4. The first examination attempt can be taken only after expiry of mandatory 60 days lock in period that starts from the date of registration of the candidate with the FPSB, India.


What is the examination pattern of CFP exams?

The examinations are held online and Questions are in Multiple Choice Questions (MCQ) format i.e. the student has to chose the correct option amongst the given 4 choices. In Exam 1-4 there are 75 questions of total 140 marks in each exam, and in Exam 5 there are 2 case studies and around 30-35 question of 100 marks based on them in Multiple Choice Questions (MCQ) format only. The duration of Exam 1-4 is 2 hours each and Exam-5 is of 4 hours.


How many attempts are allowed to clear the CFP modules?

A candidate can take any number of attempts to clear the CFP modules by paying the requisite fee again. However, the FPSB registration is valid for a period of 1 year only, and a candidate needs to complete the examination and experience requirements in a maximum period of 7 years.


What is challenge status examination?

The Challenge Status Program is for professionals who already possess certain skill sets and proficiency which is expected of Financial Planners. A candidate applying for the Challenge Status program needs to appear only for a single examination (Exam 5) and has to meet the experience criteria. Nevertheless, the syllabus under the Challenge Status program is same as in the Regular program.


What is the minimum passing percentage in CFP examination?

A student has to secure minimum 60 % marks in Exam 1-4 and minimum 50 % marks in Exam 5 to qualify.


Is there any negative marking in CFP examination?

No, there is no negative marking in CFP exams.


What are the advantages of joining the IIFP?

IIFP is a student centric institute, which takes care of individual students and ensures their proper education and training. IIFP takes care to groom it’s students into highly competent professionals. All this is ensured with excellent faculty support, world class infrastructure, and excellent placement liaising with leading corporates.


Our deliverables are unique:
  1. Crisp easy to understand course material duly vetted by FPSB India as well as Mr Niamatullah, CFP, who is a pioneer in India in CFP education programme and is associated with CFP movement since its inception.
  2. Workbook with a question bank consisting of 400 examination based questions and solutions for each module.
  3. Smart Study Series (a step by step guide on how to approach each module and contains important questions to check the candidates level of competency in the module).
  4. Dedicated in house faculty team and Excellent online Faculty Support for problem solving through Email.

What is CFP?

CFP certification is an international certification program in the field of financial advisory services. CERTIFIED FINANCIAL PLANNER Certification or CFP Certification is a mark of excellence granted to individuals who qualify all module examinations and also meet the stringent standards of education, examination, experience and ethics. It is awarded in India by Financial Planning Standards Board, India (FPSB, India) which is a non profit organization and is backed by 49 charter members which are primarily all major players in the field of personal finance in India like Banks, Mutual Funds, Asset Management Companies, Insurance Companies etc


WHY CFP from IIFP?

IIFP is a student centric institute, which takes care of individual students and ensures their proper education and training. IIFP takes care to groom it ’s students into highly competent professionals. All this is ensured with excellent faculty support, world class infrastructure, and excellent placement liaising with leading corporates.


Our deliverables are unique:
  1. Crisp easy to understand course material duly vetted by FPSB India as well as Mr Niamatullah, CFP, who is a pioneer in India in CFP education programme and is associated with CFP movement since its inception.
  2. Workbook with a question bank consisting of 400 examination based questions and solutions for each module.
  3. Smart Study Series (a step by step guide on how to approach each module and contains important questions to check the candidates level of competency in the module)
  4. Dedicated in house faculty team and Excellent online Faculty Support for problem solving through Email
CFPCM, CERTIFIED FINANCIAL PLANNERCM and CFPCM are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. Financial Planning Standards Board India is the marks licensing authority for the CFPCM marks in India, through agreement with FPSB.