Financial Planning: An Emerging Career in the Financial Services

Presented By: Financial Planning Standards Board India (FPSB India)

702, 7th Floor, Leela Business Park, Andheri-Kurla Road, Andheri East, Mumbai 400059 P: +91 22 61712424, F: +91 22 61712444 Email: info@fpsbindia.org Website: www.fpsbindia.org

Contents
Part I : What is Financial Planning ? Part II : CERTIFIED FINANCIAL PLANNERCM ( CFPCM ) Certification in India Part III: CFPCM Certification versus other Careers in Financial Services Part IV : Pathway to CFPCM Certification Part V : Career Prospects for CFPCM Certificants
CFPCM, CERTIFIED FINANCIAL PLANNERCM and 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 CFP Marks in India, through agreement with FPSB Ltd.

Financial Planning is the process of meeting an individuals Life Goals* through the proper management of ones finances.
* Buying a home, Investing for a childs Education/Higher Education, Marriage, and Retirement corpus while ensuring Tax Efficiency, Risk Management, etc.
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What is Financial Planning?

The Continuum of Professions

Unskilled Occupations

Clerical, Sales & Craft Occupations

Emerging Professional Occupations

Developed Professional Occupations

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Financial Planners - The Personal CFOs

Regulatory Developments in Financial Planning Industry

SEBI withdraws entry load on investments in Mutual Funds a momentous step towards strengthening fee based Financial Advisory Services in the country. Swarup Committee Report mentions withdrawal of Agents commission on insurance products Further vindicating the common stance of regulatory bodies in promoting fee based Financial Advisory Services.

Contents
Part I : What is Financial Planning ? Part II : CERTIFIED FINANCIAL PLANNERCM ( CFPCM ) Certification in India Part III: CFPCM Certification versus other Careers in Financial Services Part IV : Pathway to CFPCM Certification Part V : Career Prospects for CFPCM Certificants
CFPCM, CERTIFIED FINANCIAL PLANNERCM and 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 CFP Marks in India, through agreement with FPSB Ltd.

Mark of Quality The World Over CFPCM

Tested for Competency Education, Examination & Work Experience CERTIFIED FINANCIAL PLANNER
CM

Committed to Ethical Conduct Code of Ethics & Rules of Professional Conduct

Highest Level of Certification globally in the field of Financial Planning

CFPCM, CERTIFIED FINANCIAL PLANNERCM and 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 CFP Marks in India, through agreement with FPSB Ltd.

CFPCM Certification
CFP Certification rated as the Gold Standard in Financial Planning by the Wall Street Journal in the year 2006 Acknowledged as one of the Upcoming Certification in financial services in India by The Week in 2004 Rated as Hot Job by CNBC in 2003 Financial Planning rated as No.1 career in 2001 by Jobs Almanac, USA No. of CFP Certificants is over 1,15,000 worldwide in 23 countries
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Four Criteria for CFPCM Certification (4Es)

Education Examination Experience Ethics
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Levels of Certification
CERTIFIED FINANCIAL PLANNERCM ( CFPCM ) Associate Financial Planner (AFP)

Testing Modules
Introduction to Financial Planning Risk Analysis and Insurance Planning Retirement Planning and Employee Benefits Investment Planning Tax Planning and Estate Planning Advance Financial Planning

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Facts about Examination & Certification conducted by FPSB India

Over 16000 registered students and over 13000 examinations conducted online every year at 99 centers across India in bilingual mode. Over 15000 Certificants (AFP and CFPCM) of which1,749 are eligible for CFPCM Certification.

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Contents
Part I : What is Financial Planning ? Part II : CERTIFIED FINANCIAL PLANNERCM ( CFPCM ) Certification in India Part III: CFPCM Certification versus other Careers in Financial Services Part IV : Pathway to CFPCM Certification Part V : Career Prospects for CFPCM Certificants
CFPCM, CERTIFIED FINANCIAL PLANNERCM and 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 CFP Marks in India, through agreement with FPSB Ltd.

Career Avenues in Financial Services

Course CA CS CFPCM ICWA CFA CPA Designation Chartered Accountant Company Secretary Certified Financial Planner Cost Accountant Chartered Financial Analyst Certified Public Accountant Institute The Institute of Chartered Accountants of India The Institute of Company Secretaries of India Financial Planning Standards Board India Institute of Cost and Works Accountants of India Association of Investment Management & Research American Institute of Certified Public Accountants Main Areas Covered Accounting, Taxation & Auditing Company Law Financial Planning Costing Portfolio Mgmt & Investment Analysis Accountancy ,Taxation Stages/level CPT, PCC, Final* Foundation, Inter & Final 6 Modules Foundation, Inter & Final 3 levels 4 papers

* Common Proficiency Test (CPT), Professional Competence Course (PCC)

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Contents
Part I : What is Financial Planning ? Part II : CERTIFIED FINANCIAL PLANNERCM or CFPCM Certification in India Part III: CFPCM Certification versus other Careers in Financial Services Part IV: Pathway to CFPCM Certification Part V : Career Prospects for CFPCM Certificants
CFPCM, CERTIFIED FINANCIAL PLANNERCM and 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 CFP Marks in India, through agreement with FPSB Ltd.

Pathway to CFPCM Certification

1. Regular Pathway to accomplish the Education criterion Enroll with any of FPSB Indias authorized Education Providers Self Study Mode 2. Challenge Status Pathway for working Professional : Requires additional higher qualification or professional qualification as specified by FPSB India apart from Graduation degree Requires a minimum of 3 years work experience in Institutions/Banks or 5 years experience in Financial Services Industry as self employed or in finance related departments of other Industries
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Contents
Part I : What is Financial Planning ? Part II : CERTIFIED FINANCIAL PLANNERCM ( CFPCM ) Certification in India Part III: CFPCM Certification versus other Careers in Financial Services Part IV : Pathway to CFPCM Certification Part V : Career Prospects for CFPCM Certificants
CFPCM, CERTIFIED FINANCIAL PLANNERCM and 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 CFP Marks in India, through agreement with FPSB Ltd.

Huge Demand Supply gap for CFPCM Professionals in India

India has 1,000+ CFP Certificants for a population of 1200 million Versus

58,830 CFP Certificants in US (250 million Population)

17,230 CFP Certificants in Canada (60 million population) 15,802 in Japan (120 million population) Against other Financial Services Intermediaries in India

20 Lakh+ Life Insurance Agents

50,000+ Mutual Fund Advisors 25,000 + Bank Branches , 5,000+ Insurance Services Branches and 10000+ Brokerages Service Branches
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Career Prospects for CFPCM Certificants

Job Opportunities International Business Self Employment
The varied knowledge base that CFPCM Certification imparts, enables an Advisor to offer advice on multiple asset classes thus increasing the share of his wallet.

Financial Planning is becoming an integral part of Wealth CFP Certification is a globally Management in India. accepted professional qualification in Financial Planning Banks and Wealth Management firms are employing Financial CFP Certification has cross-border Planners to provide value added use where a foreign affiliate services and advisory to their recognizes a candidates clients. accreditation in ones own territory. In the emerging regulatory scenario, knowledge based ethical advisory as espoused by CFPCM certification is being looked upon as a preferred professional qualification The globally accepted curriculum of CFP Certification opens up huge international opportunity in an increasingly borderless global environment

The varied knowledge base that CFPCM Certification imparts, empowers a Certificant to launch into a career of ones own.
CFPCM Certification provides various platforms for practitioners to professional network and explore opportunities in Financial Services.

Career Prospects for CFPCM Certificants

Charter Members of FPSB India have resolved that they will give first preference to CFPCM Certificants in recruitment

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Times of India December 27, 2006

Press Coverage

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Thank You!

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