3. 3
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
4. 4
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.
5. 5
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 planHouse
Vacation
Car Medical expenses
Children’s education
Debt Management
6. 6
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.
7. 7
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
8. 8
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
10. 10
FPSB India Charter Members
Charter Members of FPSB India have resolved that they will give first preference to
CFPCM Certificants in recruitment
11. 11
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.
12. 12
Career Avenues in Financial Services
Course Designation Institute Main Areas
Covered
Stages/leve
l
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
13. 13
4 E Criteria for CFPCM Certification
EDUCATION EXAMINATION EXPERIENCE ETHICS
14. 14
Why Firms Value CFP Professionals?
Source: FPSB Global Research 2014 (www.fpsb.org)
15. 15
Why Firms Value CFP Professionals?
Source: FPSB Global Research 2014 (www.fpsb.org)
16. 16
Why Firms Value CFP Professionals?
Source: FPSB Global Research 2014 (www.fpsb.org)
17. 17
Why Firms Value CFP Professionals?
Source: FPSB Global Research 2014 (www.fpsb.org)
