Certified Financial PlannerCM Certification is an internationally accepted Financial Planning qualification. The qualification is recognized in more than 20 countries across the world. In India, the Certification is granted by Financial Planning Standards Board (FPSB India).
The qualification gears candidates to provide comprehensive financial advisory services to individuals. It covers insurance, retirement planning, investment, taxation and estate planning. For those looking for a career in the financial services sector, CFPCM Certification provides a definite edge over other candidates. One’s expertise and credibility as a qualified professional is instantly communicated if he/she has a CFPCMCertification. The services of CFPCM Certificants are sought by Banks, Asset Management Companies, Insurance Companies, Equity Broking Houses and Financial Planning firms.
There are currently over 1,00,000 CFPCM Certificants worldwide and around 450 + CFPs in India. As per industry estimates, the requirement for financial advisors will be approximately 50000 in the coming years.
Who Should take this course?
The financial market is rapidly changing. With new investment opportunities and schemes being launched, it is becoming increasingly neccessary to have the requisite skills in financial planning. If you have an aptitude for numbers and financial reasoning, then this course is for you.
There are about 8000+ Stocks, 1000+ Mutual Fund Schemes; Equity, Debt, Commodities and Real Estate; Investment, Insurance, Taxation and Estate planning. If you have a skill in financial planning, you can help your client sift through these ever increasing and complex choices. You can grow wealth for your clients and for yourself by building expertise in the financial planning process.
Program Modules
Module 1: Introduction to Financial Planning
What is overall comprehensive Financial Planning , The place, role & importance of each module in this process, Holistic approach & code of ethics, Personal/Intra personal communication skills required.
Module 2: Risk Analysis and Insurance Planning
Different kinds of risks & how to manage them, How does insurance works, Doctrines of insurance, How the cost of insurance is determined, Rating practices in general insurance, How to plan the insurance –Life stage wise? Case study
Module 3: Retirement Planning & Employee Benefits
Need for Retirement Planning, How to determine the retirement corpus & planning for it’s achievement, Statutory retirement benefits offered by the Govt. / Pvt. Employees, Mathematical calculation of Gratuity / EDLI / Leave Encashment / EPS 1995 / EPF/PPF, Tax treatment of the above, Group Insurance schemes, OASIS
Module 4: Investment Planning
Different classes of assets and their characteristics, Liquid Assets & Fixed Interest Earning Securities, Equity/Mutual Funds, Asset Allocation, Concept of Risk and Returns, Derivatives
Module 5: Tax Planning & Estate Planning
Tax Avoidance / Tax Evasion / Tax Planning, Ways & Means of Taxation Planning, Use of Taxation Planning in Management Decision Making Process, Taxation Laws & Rules applicable to Individuals / HUF / Firms / Companies Co. Op. Soc. Etc.
Module 6: Advanced Financial Planning
How to make a Full Financial Plan of an Individual
Not a bad plan.
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