Certified Financial Planner(CFP)
CFP Is a Professional Qualification Recognized By the Financial Planning Standards Board Of the USA(FPSB).
Financial Planners are finance enthusiast, providing support to clients in ethical financial planning to unlock a financially secure future.CFP plays a very vital role in it to achieve this objective.
FPSB has charted an ambitious course (CFP) to build the financial planning profession around the world and benefit the public for generations to come.
CFP is a globally accepted certification setting the standards in financial planning for professionals. Pursuing CFP will help in the following ways:
- CFP will help in building trust and assist customers in an increasingly complex advice world.
- CFP course will help in increasing client confidence to help them achieve their financial goals.
- CFP will help finance professionals in developing financial models & solutions, manage the finances and act as financial advisors.
- CFP will help finance professionals in generating higher-income, challenging opportunities, and reputation in the financial sector.
As A Certified Financial Planner - CFP, One Can Benefit The Following:
Individual CFP Practitioner
As a CFP one can provide financial planning & solutions to Individuals and Families and manage their finances, to enable them to achieve their financial goals.This is one of the key advantage of completing CFP Course
CFP qualification helps in Financial Consulting Firms & Asset Management Firms
There are many consulting firms providing financial planning & solutions and asset management services.
CFP qualification add a lot of value in servicing their clients.
How To Become A CFP?
Following are the steps to become a CFP
Step 1: Enroll & complete the following 3 specialist certifications, viz., under CFP
- FPSB® Investment Planning Certification, (paper 1 of CFP program)
- FPSB® Retirement and Tax Planning Certification, (paper 2 of CFP program) and
- FPSB® Risk and Estate Planning Certification (paper 3 of CFP program)
Step 2: Integrated Financial Planning Course involving preparing a financial plan. It's a consolidated paper in CFP program
Step 3: Appear & Pass the CFP Final Exam
Step 4: Attest to Ethics requirement and submission of documents evidencing graduation qualification and valid 3 years of work experience
Step 5: Get the CFP Certificate, renewable every year with annual certification fees and 15 points of Continuous Professional Development(CPD).
Above are the steps you need to do to become a CFP.
Minimum Qualification to persue CFP :
Qualification: A 10th or 12th Pass at the time of application is sufficient to pursue CFP .
Graduation is required to attain the certification of CFP
Age: At least 18 years of age is mandatory to obtain certificate of CFP
Experience: 3 years of relevant work experience is mandatory to obtain CFP certicate.
| Particulars |
Amount |
| Registration, Study Material, Examination & Certification Fees |
Rs 115,000/- (Approx) |
| MyLogic Tuition Fees |
INR 47,200 inclusive of taxes |
The fee structure is as on date. The fee structure is liable to change and component of IGST may be added as applicable in future.
Frequently Asked Questions (FAQs) about CFP
1. How often is the CFP exam offered, and when can I register?
The CFP exam is offered three times a year, in March, July, and November. You can
register for the exam online through the CFP Board’s website. The registration deadlines
and fees for CFP vary depending on the exam window and the date of registration of CFP exam.
2. What is the format and structure of the CFP exam?
The CFP exam is a computer-based test that consists of 170 multiple-choice questions. The
CFP questions are divided into two sections, each with 85 questions and a three-hour time limit.
There is a 40-minute break between the two sections of CFP exam. CFP questions are based on eight
principal knowledge topics that reflect the current practice of financial planning
3.What are the benefits of joining a professional association for CFP professionals?
Joining a professional association for CFP professionals can provide you with opportunities
to network with other financial planners, CFP network helps you to access to industry news and resources, advocacy
for the profession, and discounts on products and services. Some of the professional
associations for CFP professionals are:
• Financial Planning Association (FPA)
• The National Association of Personal Financial Advisors (NAPFA)
• Society of Financial Service Professionals (SFSP)
4. What are the career paths and opportunities for CFP professionals?
CFP professionals can work in various settings and roles, such as:
• CFP’s as Independent financial planners who own their own practice or work as part of a firm.
• CFP’s as Employees of financial institutions, such as banks, insurance companies, or brokerage
firms.
• CFP’s as educators or researchers in financial planning or related fields.
• CFP’s as Consultants or advisors for corporations, non-profit organizations, or government
agencies.
• CFP professionals can also specialize in different areas of financial planning, such as
retirement, estate, tax, investment, or risk management.
5. How can I find a CFP professional to work with or refer clients to?
You can find a CFP professional to work with or refer clients to by using the CFP Board’s
online search tool. You can search by location, specialty, compensation method, or name to get a CFP opportunity.
You can also view the CFP profiles and contact information of the CFP professionals who match
your criteria.
6. What are the challenges and rewards of being a CFP professional?
Being a CFP professional can be challenging, as it requires:
CFP’s has to update with the changes and trends in the financial industry and regulations.
CFP’s has to Meet the expectations and needs of diverse and demanding clients.
CFP’s has to Balance the technical and interpersonal aspects of financial planning.
CFP’s has to Manage the risks and liabilities of providing financial advice.
Being a CFP professional can also be rewarding, as it offers:
The satisfaction of helping clients achieve their financial goals and improve their well-
being.
The recognition and respect of peers and clients as a qualified and ethical financial
planner- CFP.
CFP’s has the flexibility and autonomy of choosing your work environment and schedule.
CFP’s has the potential for income growth and career advancement.
For A Detailed Counselling Session, Please Call At: +91 8800336720 Or Email At [email protected]