chartered financial consultant requirements: A professional certification programme called the Certified Financial Planner (CFP) is available and lasts between six months and two years. It is provided by the Financial Planning Standards Board and imparts information in the area of financial planning (FPSB).
The prerequisite for applying for a CFP is passing class 10+2 from an approved board. For applications under the Challenge status, candidates must have passed the CA/Intermediate level, CFA, ICWA, CAIIB, CS, etc. exams. To obtain the credential using this method, candidates must pass just the fifth exam (Advance Financial Planning). CFP Admission 2023, please.
The CFP Syllabus aids in the development of experts in banking, financial consultation, and investment planning. Financial planning, risk analysis, and insurance planning, as well as tax and estate planning, are all CFP topics.
Table of Contents
Chartered financial consultant requirements Are:
Eligibility for CFP
Eligibility for CFP
–
CFP Eligibility in ICOFP, Lucknow
CFP Eligibility in ICOFP, Mumbai
CFP Eligibility in IIFP, Delhi
CFP Eligibility in ICOFP, Kolkata
CFP Exam
Exam
Duration
Investment Planning Specialist Certification Retirement and Tax Planning Specialist Certification Risk Management and Estate Planning Specialist Certification
3 hours, 85 multiple choice questions, computer-based test for each track exam
Certified Financial PlannerCM Certification
3 hours 85 questions, computer-based test with case studies
Fee Structure: Regular Pathway
Description
Fees
Student Registration Fees with FPSB India
Rs 16, 385 (valid for one year)
Exam Fees (Paper 1-4)
Rs 4,130 per exam per attempt
Exam Fees (Paper 5)
Rs 8,260 per attempt
CFPCM Certification Fees
Rs 7,080 (renewed annually)
Fee Details: Challenge Status Pathway
Mede of enrollment
Fees
Description
FPSB India (Direct)
Rs 29,955
Registration fees (valid for one year), certification fees and administration & processing fees.
Through Charter Members of FPSB India
Rs 15,795
Registration fees (valid for one year), initial CFP certification fees, administration and processing fees.
CFP Syllabus
Chartered financial consultant requirements
Course
Provider
Average Fees (INR)
Introduction to Financial Planning – CFP Certification
Udemy
INR 3,200
Financial Planning Certificate
Imarticus Learning
INR 58,000
CFP Certification
ICICI Direct
–
Certified Financial Planner Challenge Status
Apna course
INR 15,000
CFP Certification course
Proschoolonline
INR 52,000
CFP Colleges: Top Government Colleges
College Name
City
Average Annual Fees
Indian School of Business Management and Administration
Hyderabad
INR 20,990
Indian School of Business Management and Administration
Patna
INR 20,900
Indian School of Business Management and Administration
New Delhi
INR 25,900
CFP Colleges: Top Private Colleges
College Name
City
Average Annual Fees
IMS ProSchool Pune
Pune
INR 30,000
ICICIdirect Centre for Financial Learning (ICFL)
Kolkata
INR 30,000
ICOFP Delhi – International College of Financial Planning
New Delhi
INR 35,000
ICOFP Mumbai – International College of Financial Planning
Mumbai
INR 37,500
ICFL – Icicidirect Centre For Financial Learning
Pune
INR 37,500
CFP Course: Skills Required
To pursue a career as a financial planner a candidate should have the following skills.
Communication Skills
Interpersonal Skills
Stress Management
Energetic
Analytical skills
Problem solving skills
Persistence
Organization skills
Passion
Attention
CFP vs CFA
Parameters
CFP
CFA
Organizing Body
Managed and Controlled by Certified Financial Planner board.
Managed and Controlled by American Institute of Certified Public Accountants.
Course Pattern
The course consists of only one level
The course is divided into 4 Assessment Exams: Financial Accounting and reporting Business Environment and Concept Audit & Attestation Regulation
Duration
6 Months or more
1.5 years
Syllabus
General Principles of Financial Planning Estate Planning Investment Planning Education Planning Retirement Savings & Income Planning Risk Management & Insurance planning Tax Planning Professional Conduct & Regulation
Financial Statement Accounts Corporate Governance Entity Federal Taxation Individual Federal Taxation Professional Responsibilities, Ethics & General Principles Economic Concepts & Analysis
Public Accountant, Forensic Accountant, Financial Analyst, Financial Advisor etc
Top Recruiters
Amazon
Dr. Reddy’s
Bajaj
Voyzon Aerospace
Aditya Birla
Angel Broking
Kotak Life
BYJU’S
Job Profiles
Job Profiles
Job Description
Financial Analyst
Performs research and analysis and/or manages investment options, making recommendations to advisors.
Investment Manager
Selects and manages investments on behalf of a firm and its clients.
Portfolio Manager
Manages client assets and portfolios in accordance with firm’s guidelines, and contributes to research and analysis of investment opportunities and firm investment philosophy.
Finance Assistant
Responsible for the business and financial forms of a company for the purpose of verifying account balances, facilitating purchases, etc.
Mutual Fund Admin
Mutual Fund Admins or Advisors are the professionals who know everything about the mutual funds. They are responsible for helping and consulting their clients or individuals all about the process related to investing funds in mutual funds.
Personal Financial Manager
Creates holistic financial plans to meet the unique financial goals of their clients.
DISCLAIMER: ALL THE IDEA OF THIS CONTENT IS TAKEN FROM collegedunia.com.
FAQ
Ques. What is CFP used for?
Ans. CFP offers financial guidance to its clients so they may create the best investment strategy to achieve all of their short- and long-term objectives.
Ques. How much time is required to become a CFP?
Ans. It entirely depends on the applicant and his or her capacity to pass every exam. The time frame can range from 6 to 9 months at the minimum to 3 to 4 years at the greatest. Students only need to pass the tests, which they can do with the help of coaching sessions or careful self-study.
