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Career In Financial Planning Colleges

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Career In Financial Planning Colleges

  1. 1. Financial Planning:An Emerging Career in the Financial Services<br />Presented By:<br />Financial Planning Standards Board India (FPSB India)<br />702, 7th Floor, Leela Business Park, <br />Andheri-Kurla Road, Andheri East, <br />Mumbai – 400059<br />P: +91 22 61712424, F: +91 22 61712444<br />Email: info@fpsbindia.org Website: www.fpsbindia.org<br />
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  3. 3. Slide 3<br />
  4. 4. 4<br />
  5. 5. Contents<br />I : What is Financial Planning ?<br />II : CERTIFIED FINANCIAL PLANNERCM ( CFPCM ) Certification in India<br />III : CFPCM Certification versus other Careers in Financial Services<br />IV : Career Prospects for CFPCM Certificants<br />CFPCM, CERTIFIED FINANCIAL PLANNERCM and   are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. Financial Planning Standards Board India is the marks licensing authority for the CFP Marks in India, through agreement with FPSB Ltd.<br />
  6. 6. 6<br />Financial Planning is the process of<br />meeting an individual’s Life Goals* through the proper management of one’s finances. <br />* Buying a home, Investing for a child’s Education/Higher Education, Marriage, and Retirement corpus while ensuring Tax Efficiency, Risk Management, etc.<br />
  7. 7. What does the Personal Finance Customer wants ?<br />Implement Budgeting and Spending Plans<br />Identify Goals that have financial implications– Home, Children’s education, Marriage, Vacation, Manage Life Style after retirement<br />Optimization of Insurance Premium<br />Consumer<br />Identify Investment Options to meet goals<br />Manage Debt efficiently<br />Take maximum benefit of tax laws and regulations to create additional surplus for investment<br />Distribute Wealth according to his wish and not according to laws<br />
  8. 8. Contents<br />I : What is Financial Planning ?<br />II : CERTIFIED FINANCIAL PLANNERCM ( CFPCM ) Certification in India<br />III : CFPCM Certification versus other Careers in Financial Services<br />IV : Career Prospects for CFPCM Certificants<br />CFPCM, CERTIFIED FINANCIAL PLANNERCM and   are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. Financial Planning Standards Board India is the marks licensing authority for the CFP Marks in India, through agreement with FPSB Ltd.<br />
  9. 9. <ul><li>Mark of Quality – The World Over</li></ul>CFPCM<br />CERTIFIED FINANCIAL PLANNERCM<br /><ul><li>Committed to Ethical Conduct</li></ul> Code of Ethics & <br /> Rules of Professional Conduct<br /><ul><li>Tested for Competency</li></ul> Education, Examination & Work Experience<br /><ul><li> Highest Level of Certification globally in the field of Financial Planning</li></ul>CFPCM, CERTIFIED FINANCIAL PLANNERCM and   are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. Financial Planning Standards Board India is the marks licensing authority for the CFP Marks in India, through agreement with FPSB Ltd.<br />
  10. 10. 10<br />CFPCM Certification<br /><ul><li>CFP Certification rated as the “Gold Standard” in Financial Planning by the Wall Street Journal in the year 2006
  11. 11. Acknowledged as one of the Upcoming Certification in financial services in India by “The Week” in 2004
  12. 12. Rated as “Hot Job” by CNBC in 2003
  13. 13. Financial Planning rated as No.1 career in 2001 by Jobs Almanac, USA
  14. 14. No. of CFP Certificants is over 1,25,000 worldwide in 23 countries</li></li></ul><li>FPSB Ltd. affiliates present in 23 countries<br />Australia<br />Austria<br />Brazil<br />Belgium<br />Canada<br />China<br />Chinese Taipei<br />France<br />Germany<br />Hong Kong<br />India<br />Netherlands<br />Indonesia<br />Ireland<br />Japan<br />Malaysia<br />New Zealand<br />Republic of Korea<br />Singapore<br />South Africa<br />Switzerland<br />United Kingdom<br />United States of America<br />11<br />
  15. 15. Testing Modules<br /><ul><li>Module I: Introduction to Financial Planning
  16. 16. Module II: Risk Analysis and Insurance Planning
  17. 17. Module III: Retirement Planning and Employee Benefits
  18. 18. Module IV: Investment Planning
  19. 19. Module V: Tax Planning and Estate Planning
  20. 20. Module VI: Advance Financial Planning</li></ul>12<br />Levels of Certification<br /><ul><li>CERTIFIED FINANCIAL PLANNERCM ( CFPCM )
  21. 21. Associate Financial Planner (AFP)</li></li></ul><li>Facts about Examination & Certification conducted by FPSB India<br />Over 20000 registered students and over 13000 examinations conducted online every year at 99 centers across India.<br />Over 15000 Certificants (AFP and CFPCM) of which 2,218 are eligible for CFPCM Certification.<br />13<br />
  22. 22. Contents<br />I : What is Financial Planning ?<br />II : CERTIFIED FINANCIAL PLANNERCM ( CFPCM ) Certification in India<br />III : CFPCM Certification versus other Careers in Financial Services<br />IV : Career Prospects for CFPCM Certificants<br />CFPCM, CERTIFIED FINANCIAL PLANNERCM and   are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. Financial Planning Standards Board India is the marks licensing authority for the CFP Marks in India, through agreement with FPSB Ltd.<br />
  23. 23. Career Avenues in Financial Services<br />15<br />* Common Proficiency Test (CPT), Professional Competence Course (PCC)<br />
  24. 24. Career Avenues in Financial Services<br />** estimated figures, * As on 31st July 2010.<br />16<br />
  25. 25. Contents<br />I : What is Financial Planning ?<br />II : CERTIFIED FINANCIAL PLANNERCM ( CFPCM ) Certification in India<br />III : CFPCM Certification versus other Careers in Financial Services<br />IV : Career Prospects for CFPCM Certificants<br />CFPCM, CERTIFIED FINANCIAL PLANNERCM and   are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. Financial Planning Standards Board India is the marks licensing authority for the CFP Marks in India, through agreement with FPSB Ltd.<br />
  26. 26. Huge Demand Supply gap for CFPCM Professionals in India<br />18<br /><ul><li>India has 1,000+ CFP Certificants for a population of 1200 million</li></ul>Versus <br /><ul><li>60,634 CFP Certificants in US (250 million Population)
  27. 27. 17,234 CFP Certificants in Canada (60 million population)
  28. 28. 16,434 in Japan (120 million population)</li></ul>Against other Financial Services Intermediaries in India <br /><ul><li>20 Lakh+ Life Insurance Agents
  29. 29. 50,000+ Mutual Fund Advisors
  30. 30. 25,000 + Bank Branches , 5,000+ Insurance Services Branches and 10000+ Brokerages Service Branches</li></li></ul><li>Financial Planner’s Career Path<br />
  31. 31. Career Options at large<br /><ul><li>Sales of financial products</li></ul>Bank<br />Asset management company<br />Life Insurance<br />Share brokers<br /> Portfolio manager<br /><ul><li>Training
  32. 32. Research
  33. 33. Financial planning
  34. 34. Journalism
  35. 35. Academics </li></li></ul><li>How will I be benefited from this program? <br />You become a light house.<br /> (Self illuminated Expert in financial planning based advisory)<br />You attain a global position for yourself.<br />You join an elite group in the Financial world.<br />You move ahead of the increasing competition.<br />You get preference for coveted positions with reputed organizations.<br />
  36. 36. 22<br />Charter Members of FPSB India have resolved that they will give first preference to CFPCM Certificants in recruitment<br />
  37. 37. Press Coverage<br />23<br />Financial Express April 14, 2010<br />
  38. 38. 24<br />Thank You!<br />

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