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| Courses » Post Graduate Diploma in Adavanced Financial Planning and Wealth Managment |
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| An overview Of Financial Planning and Wealth Management |
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Wealth management is a term that originated in US in 1970’s when the Broker Dealers from banks, insurance etc involved themselves in providing financial consulting to high net worth individuals and top clients of firms in US. Financial consulting eventually developed into an advanced type of financial planning that provided individuals and even families with private banking, investment management, taxation advice, and portfolio management. In 1990’s wealth management services, hitherto confined to only wealthy people, extended to consumers at large in US.
In 1985 CFP Board was established at Denver, USA, to promote Certified Financial Planner Certification so that consumers could benefit from unbiased and competent advice by the qualified financial planners. In India mainly the private banking clients of foreign banks enjoyed wealth management services until 2001 when Financial Planning Standards Board India was set up as an affiliate of CFP Board USA in collaboration with financial sector organizations with a similar objective of educating and guiding the consumers in investment management, taxation advice, retirement planning etc.
This set the stage for expansion of wealth management services in the country. Private sector and some of the public sector banks stepped in. Corporates and firms keep joining the rank of traditional wealth managers. The need for wealth management services was never so great as it is today because the financial markets across the world are integrated and economies globalized making it far more difficult for a consumer to take any financial decision. In India a robust consistent economic growth has added to the demand of wealth management services to serve the growing size of high net worth individuals as well as middle income group with considerable savings. According to Forbes Billionaires Report India had the most number of billionaires, outracing China & Japan in 2007 & 2008.
Post graduate Diploma in Advanced Financial Planning and Wealth Management (PGDAFPWM )
IIFP’s PGDAFPWM is a comprehensive educational programme that has been conceived to impart skill sets of international standards in Advanced Financial Planning to groom world class wealth managers. The programme includes CFPCM Cirriculum, NCFM certification and AMFI advisory module giving an edge to the participants in the wealth management industry. Duration1 year full time spread over three semesters including 2 months of internship in Financial sector. Eligibility Criteria Graduates in any discipline including final year students, MBA’s, CA’s, ICWA’s.
Placement
IIFP has established a strong placement Department. IIFP also enjoys excellent relation with the financial services industry which it will leverage to provide placements to students pursuing this programme. The department proactively liaises with the Industry and invite senior functionaries for regular interface with the students. As the Cirriculum includes CFP certification education the students would get preference in recruitment from the 44 financial sector organizations who are charter members of Financial Planning Standards Board India.
Career Opportunities
PG programme includes CFP Certification. But the students pursuing this programme will surely enjoy higher acceptability in placement due to the strength of a full fledged wealth management programme and superior grooming . For details please see the page of career opportunities.
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| Our Course Curriculum |
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| Semester 1 |
Module 1: Introduction To Personal Financial Planning
- Personal Financial Planning process
- Ethical and professional consideration in Financial planning – Code of ethics
- Cash flow planning
- Budgeting
- Personal financial statement Analysis
- Financial Mathematics – Time value of Money
- Economic environment and Indicators
- Forms of business ownership/entity relationships.
- Legal aspects of financial planning.
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Module 2: Risk Analysis and Insurance Planning
- Introduction to Risk Analysis
- Insurance Concepts
- Legal principles of Insurance
- Insurance Contract
- Insurance Policies and Strategies
- Insurance products
- Regulatory framework of Insurance
- Motor Insurance
- Health and Householders Insurance
- Group Insurance
- Annuities
- Insurance Pricing
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Module 3: Basic Quantitative Methods for Financial Analysis
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Collection and Presentation of data: Table and Charts for categorical and Numerical data, frequency distributions
- Measures of Central Tendency: Arithmetic mean, median, mode, Geometric mean, Quartiles, percentiles, deciles
- Measures of dispersion: Range, Interquartile range, Standard deviation, Variance, Coefficient of variations
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Basic Probability and Mathematical Expectation - Simple regression analysis, Correlation, and Coefficient of determination.
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Module 4: Advanced Economics
- Principles of Business Economics - Micro and Macro concepts
- Business Cycles
- Inflation, Recession, Deflation.
- Economic Indicators---- GDP, Price Indices and Index of Industrial
- Production, CSO data.
- Government Budget, Finance Bill
- Consumer Surplus and Equilibrium.
- Characteristics of Perfect competition,
- Marginal Cost, Marginal Revenue and Economic profit and loss.
- Money Supply and Determination of Interest Rates
- Monopoly, Monopolistic and Oligopoly competition.
- Sub prime crisis
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Module 5: Marketing of Financial Products and Services
- Understanding Marketing Management.
- Fundamental Marketing Concept
- Consumer Behavior
- Marketing – Communication
- Introduction to financial services.
- Marketing – Distribution and Pricing
- Basic Financial Products
- Marketing Research
- Conflict Resolution
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| Semester 2 |
Module 6: Retirement Planning & Employee Benefits
- Introduction to Retirement Planning
- Types of Retirement Plans – Defined Benefit and Defined Contribution plan
- Superannuation and other retirement plans
- Group Life and Health Insurance
- Retirement planning and Strategies
- Post Retirement Counseling
- Retirement Income Streams
- Pension Sector Reforms
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Module 7: Investment Planning
- Risk
- Return
- Investment Portfolio
- Small Savings
- Fixed Income Instruments
- Mutual Funds
- Derivatives
- Valuation of Equity
- Real Estate
- Investment Strategies
- Asset allocation
- Regulation of Investment advisor
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Module 8: AMFI – Mutual Fund Advisors
- Concept, Advantages and Evolution of Mutual funds in India
- Types of funds – open ended, close ended, tax exempt, exchange traded
- Funds of funds
- Money market, Real Estate fund etc.
- Role and function of Registrars, custodians and Banks
- Distribution of Mutual fund products and Role of Market Intermediaries
- The offer document
- Accounting valuation and taxation
- Investor services
- Fund Management
- Measures for evaluation of Mutual fund performances
- Investors Grievances
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Module 9: Portfolio Management and Analysis
- Specification of Investment Objective
- Formulation of Portfolio Strategy
- Asset Allocation,
- Portfolio Risk,
- Performance Measurement,
- Rebalancing of Portfolio
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| Semester 3 |
Module10 Tax Planning and Estate Planning
- Principles of taxation of personal income
- Tax planning Consideration
- Tax computation
- Tax planning Strategies
- Estate planning
- Features of Taxation of Trusts
- Wills, Power of Attorney and Property Documentation
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Module 11: Derivatives Market (Dealers) Module
- Derivatives products
- Derivatives market
- Type of Market Indexes
- Futures and Options
- Trading in Futures and Options
- Basket Trading
- Clearing and settlement
- Regulatory Framework
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Module 12 Personality Development and Soft skills
- English
- Correct English Pronunciation
- Initiating Conversation
- Business Presentations
- Improve Your Vocabulary
- Personality Development
- Overcoming Hesitation & Building up Confidence
- Interpersonal Skills
- Etiquette
- Presenting Oneself (Pleasing Personality)
- Business Etiquette
- Public Speaking
- Personality Assessment
- Job Seeking Skills
- Other Soft Skills
- Leadership qualities
- Working in a Team
- Assertiveness
Module 13: Advanced Financial Planning
- Financial Planning process
- Strategies of goal setting
- Analysis of Financial situation of the client
- Developing and implementing a plan
- Monitoring and Review of a Financial Plan
- Case studies on personal financial plan
Module 14: Financial Statement Analysis
- Financial Statements of a corporate-Balance Sheet
- Profit and Loss Account,
- Changes in Financial Position,
- Financial Ratios, Leverage, Profitability,
- Turnover and Activity Ratios
Module 15: Corporate Finance
- Principles of Corporate Finance
- Capital Structure of a Corporate- Theory and Policy
- Public Issue, Book Building, Role of Investment Banker
- Budgeting and Cash Flow Management,
- Receivables Management,
- Working Capital Management,
- Dividend Policy,
- Corporate Governance,
- Mergers and Acquisitions .
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| Eligibility Criteria |
Graduates in any discipline including final year students, MBA’s, CA’s, ICWA’s. |
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| Click Here for Faculties Details |
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| Tie up for Educational Loans |
IIFP has a tie up with Punjab National Bank and HDFC Bank for sanction of Educational Loans for students joining PGDAFPWM on completion of prescribed formalities. |
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March on the path towards a personal and professional transformation |
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Please contact us for a program prospectus and application.
Contact Person: Yogesh Chawla
Phone: 011-43166700/01/02 or Cell: 09953755094
Email: yogesh@iifp.in
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The core of our academic philosophy is a conviction that our students will make a difference in the financial management area. |
| CLICK HERE TO GET REGISTERED |
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