CFP Course Details: For those individuals seeking a career in the financial service sector, CFP provides open doors of opportunities and a definite edge over other candidates. CFP is an internationally leading certification that encompasses over 1,70,000 certificate holders in the field of Financial Planning.
CFP holds a graciously excellent career opportunity for those individuals who fit in the norms of education, examination, experience, and ethics. CFP graduates are much revered by professionals, industry, and even consumers.
Below is the recorded structure course for aspirants to pursue after twelfth or after graduation. This report covers the overall topics like prospectus, course gradations, particulars on qualification, the confirmation process, fee structure, and vocation possibilities.
CFP or Certified Financial Planner is an internationally recognized certification offered by financial professionals in Financial Planning. A CFP graduate is eligible to work in India and overseas as a financial partner in the financial industry.
A CFP certification holder even advises individuals about their financial decisions for achieving their goals. The FPSB- Financial Planning Standards Board offers certification, membership, and even conducts examinations for the award of Certified financial planners in India.
The FPSB examines its multiple study and examination centers across India. CFP has gained worldwide recognition for its qualification.
| Course | CFP |
| Full form | Certified Financial Planner |
| Eligibility | 10+2 or Bachelors degree |
| Duration | six months to two years |
| Fee Offered | $595 for application |
| Course Type | Certification |
| Starting salary offered | ₹3.5 Lakhs per annum |
| Similar Course | CFA Course |
| Employment opportunities | Portfolio Managers, Tax Planners, Insurance Advisors, Risk Analysts, Debt Management Specialist, Financial Advisors, Retirement Planning Advisors, and Mutual Fund Advisors |
Certification CFP Certification holds tow modes of exams for contaminates- the Regular Pathway and the Challenge Status Pathway.
Regular Pathway
Candidates need to qualify the five CFP examinations consisting of 6 modules to acquire the CFP Certification. The Regular Pathway comprises four-part examinations, which the candidate must qualify through training support and self-study from any of FPSB’s approved Educational Institutions.
Theses four-part examinations are conducted on the NSE Academy Certification in the Financial Market platform and are facilitated by the National Stock Exchange. The examinations are conducted through NSE’s centers and other networking sites throughout India.
Challenge Status Pathway
To get past the Challenge Status Pathway, Candidates must secure a minimum aggregate in the Advanced Financial Planning to acquire a CFP certification. Candidates who possess higher qualifications like LLB, Ph.D., CA, CS, etc. are eligible to register for CFP Certification through the Challenge Status Pathway Portal.
The overall duration for the CMA course option is flexible, which indicates that the total time taken to complete the CFP program depends on the aspirant’s level of dedication and focus. The entire CFP Certification course duration fluctuates between 6 months to two years based on the candidate’s potential.
To acquire CFP certification, candidates must meet the minimum eligibility criteria laid down by the FPSB. The eligibility criteria are different for the two modes of the CFP Certification Examination.
Regular Pathway Eligibility
Aspiring candidates must secure a minimum aggregate in Matriculation or SSC or 10th standard. Candidates who have secured a minimum aggregate in Class 12 and those currently enrolled in Bachelor’s degree of any discipline are eligible to register for CFP Certification through the Regular Pathway.
However, at the time of Certified Financial Planner Certification, candidates must have secured a minimum aggregate in HSC or 12th standard.
Challenge Status Pathway Eligibility
To deem eligible for Challenge Status Pathway, candidates should have completed CA or Intermediate level, CFA, ICWA, CS, CAIIB, LLB, Ph.D., MPhil, PG, Actuary, FFSI and FLMI from LOMA, Associate or Fellowship of Life Insurance, Civil Service Examinations by UPSC.
In this mode of examination, candidates must clear only the Advanced Financial Planning, which is the fifth exam to be qualified and earn the CFP Certification.
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The approximate Fee Structure for CFP Certification applicable for both Regular Pathway Candidates and Challenge Status Pathway Candidates is given below:
The CFP Curriculum comprises of FPSB’s financial planning program. This exam program comprises of topics that cover all the aspects of Certified Financial Planner. It is inclusive of fundamentals and real-life skills required to tackle in the real world.
| Module | Exam Curriculum |
| Introduction to Financial Planning | Financial Planning Process that includes client interactions, time value of money applications, etc. |
| Education planning, and other general principles | |
| Insurance Planning and Risk Analysis | Introduction to the strategies and applications of Risk Analysis |
| Insurance Concepts, Insurance Policies, Environment of an Insurance Advisor, | |
| Retirement Planning and Employee Benefits | Introduction to Retirement Planning, Retirement Benefits, Retirement Planning, and Strategies, etc. |
| Reform proposals, Pension Sector Planning, and other related sectors. | |
| Components of Investment Planning | A fundamental concept to Investment Planning, Regulation od the process, Investment vehicles, Client Application, and other related sections |
| Tax Planning & Estate Planning | Tax Planning Considerations, Tax Computations, etc. |
| Planning of Estates | |
| Introduction to Advanced Financial Planning | This section of the portion includes determining and gathering client data along with their goals and expectations and other related sections. |
Below given are a few top institutes for Certified Financial Planner (CFP) Certification course:
Top Government Institutions
Top Private Institutions
Financial Planning has become the need of the day among the middle-class sector of the income group as there is an increasing rate of people shifting from traditional assets to asset classes. This shift has increased the demand for Financial Planners across the globe.
A Certified Financial Planner holds high demand in the follows areas of expertise:
A fully-qualified CFP Certification Holder is eligible to hold the following professional roles:
In India, the average earning of a Certified Financial Planner is ₹3.5 Lakhs yearly.CFP holds a high demand that provides an additional sum of average ₹50,000 as a bonus, an average of ₹75,000 in the form of commission, and an average of ₹22,000 in profit sharing.
Also, Check Courses After 12th, Courses After 10th on this website.
Question 1.
What are the advantages of a Certified Financial Planner?
Answer:
Certified Financial Planner is the most recognized in the field that increases employment rate at Mutual Funds, Wealth Banks, etc. This Certification course improves career progression and boosts advisory services.
Question 2.
What is the duration of the CFP Certification Course?
Answer:
The overall duration for the CMA course option is flexible, which indicates that the total time taken to complete the CFP program depends on the aspirant’s level of dedication and focus. The entire CFP Certification course duration fluctuates between 6 months to two years based on the candidate’s potential.
Question 3.
How can you differentiate between CFA and CFP?
Answer:
A CFA graduate often works on the investment analysis with corporate clients, while a CFP graduate builds a financial plan with individual investors.
Summary
We hope that the information mentioned above regarding CFP Course Details has helped improve your understanding of the subject with in-depth knowledge.
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