The Certified Financial Planner (CFP) designation is a certification mark for Financial Planners which is the highest credential offered in Financial Planning. It is Globally recognized in more than 20 countries across with one the highest paying professions in Finance.

CFP WHO IS IT FOR ?

The individuals who are fascinated by both academics and practical training will identify the CFP. CFP Certificants are qualified to provide advice with regards to all aspects of financial planning and will be able to create comprehensive financial plans.

An individual is open to varied professions in the field of:

• Banking
  
• Investment Advisory Services 
  
• Financial Planning Organizations
  
• Life & General Insurance
  
• Mutual Funds & Other Financial Services
  
• Accounting or Law Firms
  
• Stocks and Securities Brokers
  
• Fund Managers
  
• Credit Counseling Organizations
  

In this program the candidates would get to study the following major subjects:

• Module I: Introduction to Financial Planning
  
• Module II: Risk Analysis and Insurance Planning
  
• Module III: Retirement Planning and Employee Benefits
  
• Module IV: Investment Planning
  
• Module V: Tax and Estate Planning
  
• Module VI: Financial Plan Construction
  

Module 1: INTRODUCTION TO FINANCIAL PLANNING

This module serves as an introduction to financial planning broadly covering the following:

The six-step process financial planning.

• Client interactions
• Code of Ethics
• Time value of money applications
• Personal financial statements
• Cash flows and debt management
• Asset allocation
• Overview of risk management, investment planning, tax planning & retirement planning

RISK ANALYSIS AND INSURANCE PLANNING - Module 2 (Exam I)

This module exhaustively covers the knowledge requirements relating to:

• Risk management and insurance decisions in personal financial planning

• Identifying client’s exposure to mortality, heath, disability, property, liability, and long-term care risk is emphasized.

• Selecting the apt risk management technique

• Various Insurance Policies and Strategies:

o General Insurance

o Life Insurance

o Motor Insurance

o Medical Insurance

• Insurance of Business Risk

• Regulation of Insurance

• Insurance Pricing

• Insurance Companies

RETIREMENT PLANNING AND EMPLOYEE BENEFITS - Module 3 (Exam II)

This module emphasizes on the process of wealth creation and the retirement planning strategies. It broadly covers:

• Retirement need analysis techniques

• Development of retirement plans

• Various retirement schemes such as:

• Employees Provident Fund (EPF)

• Public Provident Fund (PPF)

• Superannuation Fund

• Gratuity

• Other Pension Plans

• Post-retirement counseling

INVESTMENT PLANNING - Module 4 (Exam III)

This module discusses about the various investment vehicles and investment strategies required to execute any sound financial plan. The broad categories it includes are:

• Risk Return Analysis

• Mutual Funds

• Derivatives

• Asset Allocation

• Investment strategies

• Portfolio construction and management

• Regulation of an Investment Advisor

TAX PLANNING AND ESTATE PLANNING - Module 5 (Exam IV)

This module broadly covers the knowledge required by a CFP professional in the various tax laws and tax planning tools, namely:

• Income-tax computation for Individuals, Companies, Trusts and other bodies

• Capital Gains and Indexation

• House Property

• Deductions and Allowances

• Non Resident Indian tax laws

• Tax Management Techniques

Estate planning, the second section to this module, is also vital to any financial plan. It mainly covers:

• Wills

• Trusts

• Indian Succession Act

• Power of Attorney

• Joint ownership of property

ADVANCED FINANCIAL PLANNING - Module 6 (Exam V)

This module materializes the concepts learnt from the previous modules into a comprehensive financial plan constructed for individuals. It thoroughly explains the following aspects related to the construction of a financial plan:

• Establishing client- planner relationships

• Analyze Client Objectives, Needs and Financial Situation

• Developing and presenting the financial plan

• Implementing the financial plan

• Monitoring the financial plan

Admission

A graduation degree from a recognized university/college and a work experience of 3yrs in the field of finance are the requirements for a CFP Certificate. Though at the time of joining the course only a HSC certificate is required.