Earlier individuals used to approach self proclaimed financial advisors for advice. Over a period of time things changed, one started looking at banks, brokerage houses, insurance companies, tax consultants for advice. However, individuals still aren’t getting the counsel that takes an integrated view of their life and financial goals. Even professionals like CAs, CWAs, CFAs are aptly qualified to handle one’s personal finance for instance Chartered Accountants specialise in accounting, CWA specializes in costing, CFA specialises in portfolio management and investment analysis, MBA in finance specializes in general finance and management.

Therefore today the need for a Certified Financial Planner (CFP) is growing. A CFP has specialisation in areas of insurance, investment, taxation, estate planning and retirement planning. A CFP doesn't see an individual’s financial needs such as insurance or investment in isolation but considers all aspects in totality.

An increasing number of banks like ICICI bank, Standard Chartered Bank and others are making it mandatory for their Relationship Managers to acquire the CFP certification. Regulatory bodies like SEBI, IRDA, PFRDA etc are gradually educating and encouraging individuals to consult CFPs for their financial needs.

According to a recent report, there will be a need for 50,000 CFPs in India in the next few years. Currently India has close to 300 CPFs. As mentioned above, jobs would be offered in banks, insurance sector, financial services sector.

Overview of comprehensive Financial Planning

• What is overall comprehensive Financial Planning
  
• The place, role & importance of each module in this process
  
• Holistic approach & code of ethics
  
• Personal/Intra personal communication skills required.

Risk Management & Insurance Planning

• Different kinds of risks & how to manage them
  
• How dose insurance works
  
• Doctrines of insurance
  
• How the cost of insurance is determined
  
• Rating practices in general insurance
  
• How to plan the insurance –Life stage wise
  
• Once case study
  

Retirement Planning & Employee Benefits

• Need for Retirement Planning
  
• How to determine the retirement corpus & planning for it’s achievement
  
• Statutory retirement benefits offered by the Govt. / Pvt. Employees
  
• Mathematical calculation of Gratuity / EDLI / Leave Encashment / EPS 1995 / EPF / PPF
  
• Tax treatment of the above
  
• Group Insurance schemes
  
• OASIS
  

Investment Planning

1. Different classes of assets and their characteristics
2. Liquid Assets
   1. Call money / Notice money / T Bills /  Commercial Paper / Commercial Deposits
   2. MMMF’s
3. Fixed Interest Earning Securities
   1. Govt / PSU / Corporate Bonds /
   2. Understanding the Concept & Calculation of YTM
4. Growth Assets
   1. Equity
      1. Valuation of Shares
      2. Calculation of EPS / Dividend Yield / P.E. ratios
   2. Mutual Funds
      1. Selection process
      2. Subtopic
   3. Real Estate
5. Risk Profile
6. Asset Allocation
   1. Strategic / Tactical
   2. Rebalancing techniques
7. Concept of returns
   1. Various types of returns and how to calculate them mathematically
8. Concept of Risk
   1. Various types of risk & to measure them
9. Risk Adjusted Returns
   1. Standard Deviation / Sharpe Ratio / Treynor Ratio / Jensen Ratio
10. Risk hedging Techniques
    1. Forwards / Futures / SWAP / Options
11. Portfolio Design based on life stages & risk profile
12. Case Study

Taxation & Estate Planning

1. Tax Avoidance / Tax Evasion / Tax Planning
2. Ways & Means of Taxation Planning for Salaried Individuals, firms, Companies
3. Use of Taxation Planning in Management Decision Making Process like –
Make or Buy, Choice of Entity, Capital Structure etc.
4. Residential Status & Applicable Tax Laws to them
5. Taxation Laws & Rules applicable to Individuals / HUF / Firms / Companies / Co. Op. Soc. Etc.

Advance Financial Planning

• How to make a Full Financial Plan of an Individual
  

The 4-step process involving 4 Es to become a Financial Planner. 1. Education. Eligibility. Ensure you have the requisite education requirement: Graduation from a recognized university. Skills. Ensure you have the skills required to be a Financial Planner: Ability to understand the Financial Planning process Ability to gain trust and build relationships with clients Ensure you have the technical competence in the following areas: Insurance Planning Investment Planning Tax Planning Retirement Planning Cash Flow Analysis Budgeting and other mathematical skills 2. Experience The experience requirement centers on work that involves personal financial planning. It is designed to provide the public with the assurance that the candidate understands the counseling nature of personal financial planning. For CFPCM certification examination, the candidate is required to have a minimum of three years of relevant work experience. 3. Examination Appear for the globally recognized CFPCM certification examination. What’s the CFPCM exam all about? Get your technical skills tested in the following areas: * Risk Management & Insurance Planning * Investment Planning * Retirement Planning * Tax and Estate Planning * Advance Plan Construction All the above exams are conducted by the FPSB in every alternate month, across 7 cities in India. Click here to know the exam details» Who gives the CFPCM certification in India? CFPCM is conducted by Financial Planning Standards Board of India (part of Financial Planning Standard Board Council located at Denver, USA) and is recognized by its Indian charter members. Be CFPCM certified. CFPCM is a global certification, which endows the holder with the freedom to practice in more than 19 countries (You only need to clear one module on local tax laws to be eligible to practice in these 19 countries). The CFPCM certification is regarded as a premier qualification in financial advisory services and is among the leading career choices in developed countries. With a CFPCM certification, you will get on a golden career path alongside fellow Financial Planners from 20 countries. How do you register for the exam? 1. Become an FPSB member. You can register with FPSB by paying a membership fee of Rs. 5000. The membership is valid for 3 years. (Please log on at www.proschool.imsindia.com for completing your FPSB registration.) 2. Exam Details and Fees. FPSB, India conducts the exam every two months. The test fees are Rs. 1000 per test for the first 4 modules and Rs. 5000 for the last module. Note: Please make separate DDs for Registration and Exam Fees favouring ÔFinancial Planning Standards Board, India payable at Mumbai. 4. Ethics On completion of the education, examination and experience requirements, the candidate for CFPCM Certification receives a Declaration Packet which includes an ethics statement form. Prior to certification, the candidates will be required to disclose past or pending litigation or agency proceedings, and to acknowledge the right of FPSB to enforce its Professional Standards through its Disciplinary Rules and Procedures. By fulfilling this requirement, the candidate demonstrates to the public that he/she has agreed to provide personal financial planning in the clients best interest and to act in accordance with the highest ethical and professional standards for the practice of financial planning.

Download Forms CFP Articles CFP Profiles Result Corner FP News AFP Sample Certificate

IMS Proschool is an authorized education provider for Financial Planning Services Board, India (FPSB).

Key Features of the Programs

• Program recognized by the Industry.
  IMS Proschool has attracted leading organisations for its programs. More that 2500 candidates from organisations like ICICI Prudential, Motilal Oswal, Deutche Bank, Citibank and more have undergone programs of IMS Proschool.
• Industry Experts as Faculty
  The faculty from the Industry are invited to take lectures. Real life illustrations will be discussed in class to give you a better understanding of the industry. In addition to these, case studies discussions, group activities, presentations, role-plays in class.
  

Program Details

Students can choose have the following two options to choose from

FP@campus

This is a comprehensive one year program designed to prepare candidates for the CFP examination.

Program Content

The program includes the following five modules.

• Introduction to Financial Planning
  
• Risk Management and Insurance
  
• Retirement Planning & Employee Benefits
  
• Investment Planning
  
• Tax Planning & Estate Planning

You will receive study booklets on each of the modules mentioned above.

Program Duration

The classes will be held only on weekends for three hours, the duration of the entire program is 300 hours

cfp@campus May 2008 batch schedule »

Cities where IMS Proschool Programs Offered
Currently the program is being offered only in Mumbai, Nasik and Pune.

Program Fees: Rs. 95000/-

ADMISSION PROCESS

Please check here for the admission process and enrolment

FP@home

This is the distance learning program. You will receive a complete self study kit covering all modules of CFP. The books have been developed by practicing experts in the field of Financial Planning.

For further details Click here»

How to enrol for the Program?

Please check here for the admission process and enrolment