career in financial planning colleges

Slide 1

Financial Planning:An Emerging Career in the Financial ServicesPresented By:Financial Planning Standards Board India (FPSB India)

702, 7th Floor, Leela Business Park, Andheri-Kurla Road, Andheri East, Mumbai 400059P: +91 22 61712424, F: +91 22 61712444Email: [email protected] Website: www.fpsbindia.org

1

Slide 3

4

I: What is Financial Planning ?II: CERTIFIED FINANCIAL PLANNERCM ( CFPCM ) Certification in IndiaIII: CFPCM Certification versus other Careers in Financial ServicesIV: Career Prospects for CFPCM CertificantsContentsCFPCM, 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.

5

6Financial Planning is the process ofmeeting an individuals Life Goals* through the proper management of ones finances.

* Buying a home, Investing for a childs Education/Higher Education, Marriage, and Retirement corpus while ensuring Tax Efficiency, Risk Management, etc.

6

Consumer

Optimization of Insurance PremiumManage Debt efficientlyDistribute Wealth according to his wish and not according to lawsImplement Budgeting and Spending PlansIdentify Goals that have financial implications Home, Childrens education, Marriage, Vacation, Manage Life Style after retirementIdentify Investment Options to meet goalsTake maximum benefit of tax laws and regulations to create additional surplus for investment

What does the Personal Finance Customer wants ?

7


8

Mark of Quality The World OverCommitted to Ethical Conduct Code of Ethics & Rules of Professional Conduct Highest Level of Certification globally in the field of Financial PlanningTested for Competency Education, Examination & Work ExperienceCERTIFIED FINANCIAL PLANNERCMCFPCM

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.

9

10CFPCM CertificationCFP 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 1,25,000 worldwide in 23 countries

10

FPSB Ltd. affiliates present in 23 countriesAustraliaAustriaBrazilBelgiumCanadaChinaChinese TaipeiFranceGermanyHong KongIndiaNetherlandsIndonesiaIrelandJapanMalaysiaNew ZealandRepublic of KoreaSingaporeSouth AfricaSwitzerlandUnited KingdomUnited States of America

11

Testing Modules

Module I:Introduction to Financial Planning

Module II: Risk Analysis and Insurance Planning

Module III: Retirement Planning and Employee Benefits

Module IV: Investment Planning

Module V: Tax Planning and Estate Planning

Module VI: Advance Financial Planning12Levels of CertificationCERTIFIED FINANCIAL PLANNERCM ( CFPCM )Associate Financial Planner (AFP)

Facts about Examination & Certification conducted by FPSB India

Over 20000 registered students and over 13000 examinations conducted online every year at 99 centers across India.

Over 15000 Certificants (AFP and CFPCM) of which 2,218 are eligible for CFPCM Certification.13


14

Career Avenues in Financial ServicesCourseDesignationInstituteMain Areas CoveredStages/levelCAChartered AccountantThe Institute of Chartered Accountants of India Accounting, Taxation & AuditingCPT, PCC, Final*CSCompany SecretaryThe Institute of Company Secretaries of IndiaCompany LawFoundation, Inter & FinalCFPCMCertified Financial PlannerFinancial Planning Standards Board IndiaFinancial Planning6 Modules ICWACost Accountant Institute of Cost and Works Accountants of India Costing Foundation, Inter & FinalCFAChartered Financial Analyst Association of Investment Management & Research Portfolio Mgmt &Investment Analysis3 levels CPACertified Public Accountant American Institute of Certified Public AccountantsAccountancy ,Taxation4 papers

15* Common Proficiency Test (CPT), Professional Competence Course (PCC)

15

Career Avenues in Financial ServicesCourseDesignationInstituteMain Areas CoveredMembers/ CertificantsCAChartered AccountantThe Institute of Chartered Accountants of India Accounting, Taxation & Auditing1,50,000**CSCompany SecretaryThe Institute of Company Secretaries of IndiaCompany Law40,000**CFPCMCertified Financial PlannerFinancial Planning Standards Board IndiaFinancial Planning1092*ICWACost Accountant Institute of Cost and Works Accountants of India Costing 30,000**CFAChartered Financial Analyst Association of Investment Management & Research Portfolio Mgmt &Investment Analysis1800**

16** estimated figures, * As on 31st July 2010.

16


17

Huge Demand Supply gap for CFPCM Professionals in India18India has 1,000+ CFP Certificants for a population of 1200 millionVersus 60,634 CFP Certificants in US (250 million Population)17,234 CFP Certificants in Canada (60 million population)16,434 in Japan (120 million population)Against other Financial Services Intermediaries in India 20 Lakh+ Life Insurance Agents50,000+ Mutual Fund Advisors25,000 + Bank Branches , 5,000+ Insurance Services Branches and 10000+ Brokerages Service Branches

Financial Planners Career PathLevelsJob ProfileQualification/ ExperienceExpected Earnings (p.a.)EntryTrainees and executives with Wealth Management Firms, Banks and Product DistributorsPursuing CFPCM Certification + Graduate FresherRs. 3 to 6 LakhMiddleRelationship Managers, Wealth Managers, Financial Planners/Advisors, Passed CFPCM Certification Exam + Work Exp. of 1-2 Years Rs. 6 to 12 LakhSeniorFunctional Heads like Retirement Specialists, Tax Specialists , Business & Regional HeadsCFPCM Certificant with more than 3 year work experience and other professional qualificationsAbove 12 Lakh

19

Career Options at largeTrainingResearchFinancial planningJournalismAcademics Sales of financial products

BankAsset management companyLife InsuranceShare brokers Portfolio manager

How will I be benefited from this program?

You become a light house. (Self illuminated Expert in financial planning based advisory)

You attain a global position for yourself.

You join an elite group in the Financial world.

You move ahead of the increasing competition.

You get preference for coveted positions with reputed organizations.

22Charter Members of FPSB India have resolved that they will give first preference to CFPCM Certificants in recruitment

Press Coverage23

Financial Express April 14, 2010

24Thank You!

career in financial planning colleges

Documents