Want to become Certified Financial Planner (C.F.P) in India?_00.1
Online Tution   »   Important Question   »   certified-financial-planner

Want to become Certified Financial Planner (C.F.P) in India?

What is the meaning of Certified Financial Planner (C.F.P)?

Certified Financial Planner (C.F.P) is a certification course approved by Financial Standards Planning Board. This Certified Financial Planner (C.F.P) course is suitable for students planning for a career in Financial Planning. It is recognized internationally and is required for each sector like education, health, and medicine among others. The students can even work later for the advisory board in financial planning in multinational companies and organizations.

Eligibility Criteria for Certified Financial Planner (C.F.P)

To be eligible for Certified Financial Planner (C.F.P), a student must have passed 5 papers after their Class 12th to become a certified financial planner. Another way for admission to Certified Financial planner (C.F.P) is the Challenge status pathway.

This pathway is for those who are already professionals in other fields and later in their career want to become certified financial planners. In this pathway, students need to only clear the 5th module and can directly be admitted to the course.

Read More: Bachelor of Banking and Insurance. 

 

Top Colleges for Certified Financial Planner (C.F.P)

The top 3 colleges for Certified Financial Planner (C.F.P) in 2021, have been listed below.

  • Manipal Academy of Higher Education, Karnataka.
  • Indian Institute of Technology, Mumbai
  • Chandigarh University, Chandigarh.

Admission Procedure for Certified Financial Planner (C.F.P)

The admission process varies from college to college. Few of the colleges provide direct admission based on Class 12th marks. Few other colleges depend upon National Entrance exams for the course, Certified Financial Planner (C.F.P) in 2021. Students must keep a regular check on the official website of a college to know more about the procedures.

Also Read: Bachelor of Accounting and Finance

 

Entrance Exams for Certified Financial Planner (C.F.P)

The exam for Certified Financial Planner (C.F.P) in 2021 is conducted by 6 modules. The 6 modules are

  • Module 1 – Introduction to Financial Planning
  • Module 2 – Risk Analysis & Insurance Planning
  • Module 3 – Retirement Planning & Employee Benefits
  • Module 4 – Investment Planning Investment Planning
  • Module 5 – Tax Planning & Estate Planning
  • Module 6 – Advanced Financial Planning

You may also be interested in: Bachelor of Business Studies

 

Reference Books for Certified Financial Planner (C.F.P)

The top 2 reference books for Certified Financial Planner (C.F.P) in 2021 are given below.

  • The Financial Planning Competency Handbook
  • Reference Guide for Financial Planners by John Keir

Also Read: Bachelor of Finance Management 

 

Syllabus for Certified Financial Planner (C.F.P)

Module 1

  • Financial planning process
  • Financial planning practice and ethics
  • Professional Skills
  • Regulatory
  • Law and compliance
  • Time value of money
  • Client characteristics
  • Client risk profile
  • Client engagement and communications
  • Critical thinking

Module 2

  • Principles of financial management
  • Personal and small business balance sheet
  • Use and non-use assets
  • Cash flow statement
  • Budget preparation and management
  • Savings analysis and strategy
  • Credit and debt management
  • Financial ratio analysis
  • Specific purpose planning

Module 3

  • Taxation principles
  • Tax planning objectives
  • Tax planning principles
  • Tax planning law and policy
  • Tax analysis and calculations
  • Tax planning strategies
  • Tax planning for asset location

Module 4

  • Investment principles
  • Behavioral finance
  • Investment theory
  • Performance measurement
  • Investment products

Module 5

  • Risk management principles
  • Insurance planning objectives
  • Analysis and evaluation of risk exposures
  • Risk strategies
  • Risk management products
  • Insurance law and claims process
  • Product, company, and adviser selection and due diligence

Fees, Jobs, and Salary for Certified Financial Planner (C.F.P)

Fees for Certified Financial Planner (C.F.P) in 2021 are Rs 40,000 to Rs 50,000.

The starting salary of a Certified Financial Planner (C.F.P) in 2021 is Rs 4 lakh and can even grow more than 12,00,000 lakhs a year.

 

Jobs Roles for Certified Financial Planner (C.F.P)

Job roles for Certified Financial Planner (C.F.P) in 2021 have been listed below.

  • Banks
  • Stock brokerage.
  • Insurance Companies.
  • Wealth Management.
  • Tax consultancy.

FAQ’S

1.   How long does it take to become a CFP?

The usual duration for CFP is 18 to 24 months.

2.   Is the CFP worth it?

Yes, it is worth investing in. This course has a lot of scope in the future and demand for them is on the rise.

3.   Is CFP easier than CFA?

CFP is considered to be easier as the duration is shorter than that of CFA. It is not an easier but a bit shallow course than CFA.

4.   Is the CFP exam difficult?

The pass rate is usually 60%. So yes it can be considered that the course needs to be given due attention before applying for the exam.

5.   How do I become a certified financial planner?

We have listed in our article all the information about certified financial planners. Read the article to know more.

Sharing is caring!

×

Download success!

Thanks for downloading the guide. For similar guides, free study material, quizzes, videos and job alerts you can download the Adda247 app from play store.

Thank You, Your details have been submitted we will get back to you.

Was this page helpful?

Leave a comment

Your email address will not be published. Required fields are marked *

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Login

OR

Forgot Password?

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Sign Up

OR
Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Forgot Password

Enter the email address associated with your account, and we'll email you an OTP to verify it's you.


Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to
/6


Did not recive OTP?

Resend in 60s

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Change Password



Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Almost there

Please enter your phone no. to proceed
+91

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to Edit Number


Did not recive OTP?

Resend 60

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?