CFP Intro
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MBA (FINANCIAL PLANNING) YOUR GATEWAY TO FINANCIAL WISDOM
Transcript of CFP Intro
MBA (FINANCIAL PLANNING)YOUR GATEWAY TO FINANCIAL WISDOM
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Introduction
CERTIFIED FINANCIAL PLANNERCM Certification
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Getting to know what is “Financial Planning”
Financial planner offers a broad range of services aimed at assisting individuals in managing and planning their financial future.
Financial Planning
Cash Flow Management
Education Planning
Retirement Planning
Investment Planning
Insurance Planning
Estate Planning
Tax Planning
Debt Management
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Getting to know what is “Financial Planning”
• Financial Planning is the process of meeting one’s life goals through the proper management of your finances. Life goals can include buying a home, saving for your child’s education, planning for retirement, or leaving a legacy.
• Financial planning is to ensure that the right amount of money is available in the right hands at the right point in the future to achieve individual's life goals.
• Financial Planning is a comprehensive evaluation of an individual’s current situation, defining his financial goals and making a detailed strategy, tailored to an individual’s specific situation, to achieve individual’s financial goals.
• Financial Planning refers to the process of taking complete control of the finances of the household such that the income streams are organized to take care of both current and future needs that require funding.
• Financial planning is a process through which an individual can chart a roadmap to meet expected and unforeseen needs in life.
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Why Financial Planning?
Marriage Children’s marriage• How do I achieve these
objectives?
• Right allocation of resources?
• Will savings help?
• How much to save?
• Where should I invest my savings?
• How do I plan for retirement?
• Shall I borrow for my needs?
Retirement plan
House
Vacation
Car Medical expenses
Children’s education
Debt Management
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The Best Jobs of 2013
CareerCast.com, a career website, ranked 200 jobs from best to worst based on five criteria: physical demands, work environment, income levels, stress, and job outlook. Much of the data used to evaluate each job has been compiled from the Department of Labor and the Bureau of Labor Statistics (BLS), as well as from a range of other governmental agencies, trade associations and private survey firms.
Job Ranking Job Title
1. Actuary
2. Biomedical Engineer
3. Software Engineer
4. Audiologist
5. Financial Planner
6. Dental Hygienist
7. Occupational Therapist
8. Optometrist
9. Physical Therapist
10. Computer Systems Analyst
Financial Planning ranked
as the 5th best Job of 2013.
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Career Options for Financial Planners
Wealth Management
Portfolio Management
Investment Advisory
Risk Management
Financial Operations
Financial Planning
Banking
Technical Analysis
Equity Research and Analysis
Financial Back Office and Operations
Entrepreneurial Opportunities
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Who recruits Financial Planners?
Financial Planners
Banks
Non-Banking Financial
Companies
KPOs
Brokerage Firms
Asset Management
Companies
Financial Planning
Firms/Wealth Management
Firms
• HSBC• Citibank• Deutsche Bank• DBS Bank
• Fincart.com• FinEdge• Client Associates
• Axis Mutual Fund• Peerless Mutual Fund
• Mansukh Securities• Religare Securities• Angel Broking• HDFC Securities
• WNS• Ameriprise Financial• Capital IQ • E-value Serve• HCL• Copal AMBA• Bank of America
• Elite Wealth• Karvy Private Wealth• Anand Rathi• Edelwise
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CFPCM Certification
CFPCM
Certification
Financial Planning’s
Highest Global Standard
Internationally Accepted Financial Planning
Qualification
Recognized in more than 25
countries across the world
Endorsed by top 50 leading Financial Services
Companies
Global Mark of Excellence in
Financial Planning
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FPSB India Charter Members
Charter Members of FPSB India have resolved that they will give first preference to CFPCM Certificants in recruitment
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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 1,45,000
worldwide in
24countries.
Rated as "One of the best Jobs"
by U.S. News and World
Report, 2012.
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Career Avenues in Financial Services
Course Designation Institute Main Areas Covered
Stages/level
CA Chartered Accountant
The Institute of Chartered Accountants of India
Accounting, Taxation & Auditing
CPT, PCC, Final*
CS Company Secretary
The Institute of Company Secretaries of India
Company Law Foundation, Inter & Final
CFPCM Certified Financial Planner
Financial Planning Standards Board India
Financial Planning 6 Modules
ICWA Cost Accountant Institute of Cost and Works Accountants of India
Costing Foundation, Inter & Final
CFA Chartered Financial Analyst
Association of Investment Management & Research
Portfolio Mgmt &Investment Analysis
3 levels
CPA Certified Public Accountant
American Institute of Certified Public Accountants
Accountancy, Taxation 4 papers
* Common Proficiency Test (CPT), Professional Competence Course (PCC)
Source: FPSB, India
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4 E Criteria for CFPCM Certification
EDUCATION EXAMINATION EXPERIENCE ETHICS
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Why Firms Value CFP Professionals?
Source: FPSB Global Research 2014 (www.fpsb.org)
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Why Firms Value CFP Professionals?
Source: FPSB Global Research 2014 (www.fpsb.org)
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Why Firms Value CFP Professionals?
Source: FPSB Global Research 2014 (www.fpsb.org)
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Why Firms Value CFP Professionals?
Source: FPSB Global Research 2014 (www.fpsb.org)
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Introduction
CERTIFIED FINANCIAL PLANNERCM Certification
Examination Pattern
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Marks Categories—Testing Significance
Source: FPSB, India website www.fpsb.co.in
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CFPCM Certification: Examination Format
Objective Multiple Choice Questions (MCQ)
Computer-based Testing (CBT)
No negative marks for incorrect alternatives chosen
Exam Duration:
Exam 1 – 4: Two (2) hours each
Exam 5: Four (4) hours
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CFPCM Certification: Evaluation System
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Introduction
Other External Examinations
Semester I: External Examinations
S.No. Title of the Paper External Examination1 Introduction to Financial Planning CFP
2 Risk Management & Insurance Planning
1. CFP: RAIP 2.
IRDA-IC 33 3.
IRDA-IC 343 Investment Planning CFP:IP
4 Retirement Planning & Employee Benefits CFP: RPEB
5 Mutual Funds & Equity Derivatives1. NISM Series V A: Mutual Fund Distributors
Certification Examination 2. NISM Series VIII: Equity Derivatives
Certification Examination
6 Indian Securities Market NISM Series VII: Securities Operations and Risk Management Certification Examination
7 Indian Financial System
MBA-FP Curriculum
Sem 1 Sem 2 Sem 3 Sem 4
9%
59%
17% 17%
62%
31%
28%
10%
83% 83%
Other Industry Oriented Subjects CFP curriculum NISM & MCX curriculumGeneral Management Subjects
Time for Questions
