The Certified Financial Planner ® credential is the most desired and respected global certification for those seeking to demonstrate their commitment to competent and ethical financial planning practice. It is a mark of excellence granted to individuals who meet the stringent standards of education, examination, experience and ethics. It is the most prestigious and internationally accepted Financial Planning qualification recognized and respected by the global financial community. The Certified Financial Planner® professionals meet initial and on-going education, experience and professional development requirements, pass a rigorous exam that assesses competency, and adhere to a code of ethics, pledging to provide financial planning in the interests of clients and with the highest ethical and professional standards. FPSB Ltd. partners with its global network of Affiliate organizations to administer CFP® certification programs in 27 countries and territories around the world, representing a global CFP professional community of 213,000 + at the end of 2022 (with 2517 CFP professionals in India).
BENEFITS OF LEARNING CFPCM CERTIFICATION
- Opportunity to join a global network of 213,000+ CERTIFIED FINANCIAL PLANNER professionals committed to putting the client’s interests first.
- Enhanced career and employment opportunities with financial services companies. Your services are sought by banks, distribution houses, AMC, insurance companies, equity brokerage and financial planning firms.
- Personal satisfaction in achieving the financial planning profession’s global standard of excellence.
- Satisfied clients who appreciate a comprehensive approach to financial planning, extending in return long-term relationships and referrals.
- Your expertise and credibility as a qualified financial planning professional is instantly communicated.
- More revenue streams by increasing your product and service offerings for clients.
- Recognition in more than 27 territories around the world.
- Trust among Indian consumers in your commitment to competent and ethical financial planning practices.
CFP Certification Education Program
FPSB Ltd. has introduced a new education and credentialing pathway to CFP certification to facilitate more structured learning and recognition opportunities for candidates for CFP certification in India.
Candidates for CFP certification can complete their education requirement through the specialist education courses provided by FPSB ltd. The following are the exam modules:
Financial Planning Standards Board Ltd. recognizes the need for an accelerated pathway to test the competency of certain professionals in financial services who have specified qualifications along with relevant experience. Such individuals, upon verification of their credentials, shall be exempted from writing three component level Specialist exams. They shall be inducted in the FPSB® Integrated Financial Planning course, which consist of two-stages of evaluation i.e.
- Financial Plan Assessment and
- CFP® Exam
To be eligible to undertake the course through Challenge Pathway the candidates should have:
- Passed at least one of the approved Educational Qualifications / Professional Certification listed below and
- Have minimum 3 years’ work experience
For More information on Qualification and Work Experience Click Here.
Earn the CFPCM CERTIFICATION
FPSB Ltd. has restructured the content of the education requirement for CFP certification in India into three specialist education courses (Investment Planning Specialist; Retirement and Tax Planning Specialist; Risk and Estate Planning Specialist) and Integrated Financial Planning Course. Qualified students may complete their training under Challenge Status Program too. Upon completing all four education courses and related exams, and meeting FPSB Ltd.’s CFP exam and experience requirements, individuals can be recognized as a Certified Financial Planner® professional in India.
Regular Pathway
Students who are at least age 18 and have completed HSC/12th (Std XII/HSC) may register for
the program. Though the Certification can be provided only after you complete
your Graduation.
Challenge Status Pathway
To be eligible to undertake the course through Challenge Pathway the candidates should be :
- A proficient person with minimum Three(3) years of work experience in Finance Industry
- Past CFP professionals (lapsed certification beyond 5 years from application date)
- SEBI Registered Investment Adviser (RIA) with active license
- CFP professionals in good standing with one of the Affiliate bodies of FPSB Ltd.
- Past candidates who had passed CFP exam more than 5 years before application date
- Already registered Regular Pathway candidates who deem themselves eligible as per laid down criteria for Challenge Pathway
Regular Pathway
Students appearing for FPSB® Investment Planning Specialist, FPSB® Retirement and Tax Planning Specialist ,FPSB® Risk and Estate Planning Specialist examinations, a 2-hour, 75 multiple-choice question, computer-based test will be conducted. From date of enrollment with FPSB Ltd., students have three years to complete the education course and pass the exam. The student must be verified to have completed the education requirement (through one of the three modes above) to be eligible to take the exam. After clearing all 3 examinations, you to have to construct a Financial Plan. After Financial plan Approval, you have to appear for the last CFP examination, which is Integrated Financial Planning Course . CFP® Exam will be a scenario based 3 hour MCQ Paper with 50 questions.
Challenge Status Pathway
Students appearing under this program is required to develop a financial plan on a given case study. The successful evaluation of the financial plan makes a candidate eligible to sit for the CFP® exam. CFP® Exam will be a scenario based 3 hour MCQ Paper with 50 questions.
Students are required to have at least three years unsupervised or one year supervised relevant experience in this field.
Regular Pathway
Student Registration : INR 18,000/- (valid for 365 days; valid across all courses available)
Registration Renewal Fee : INR 11,500/- (Prior to lapsation of 365 days from initial registration, and annual thereafter)
Course Materials: INR 6,500/- (Per Course Module for specialist modules)
Exam Fees : INR 6,750/- (Per Exam – Investment Planning Specialist; Retirement and Tax Planning Specialist; Risk and Estate Planning Specialist)
Specialist Certification Fee : INR 10,500 (Annual Fee inclusive of GST)
Course Material for Integrated Financial Planning course: INR 13,000/-
Bundled Fee for Financial Plan Assessment + Exam: INR 23,500/-
CFP Certification Annual Fees : INR 10,500/- (Initial and annual renewable fee inclusive of GST)
Challenge Status Pathway
Document Verification Fees : INR 5,000/- (non refundable)
Bundled Fees for student Registration and Course Materials : INR 34,000/- (valid for 365 days; valid across all courses available)
Registration Renewal Fee : INR 11,500/- (Prior to lapsation of 365 days from initial registration, and annual thereafter)
Bundled Fee for Financial Plan Assessment + Exam: INR 23,500/-
CFP Certification Annual Fees : INR 10,500/- (Initial and annual renewable fee inclusive of GST )
Pathway to CFPCM CERTIFICATION
Register with FPSB Ltd. and Purchase Course Material
Students are required to register with FPSB ltd. Every student who has registered with FPSB ltd has to purchase the study material. This is your first step towards CFP Certification. Every student is required to clear all four modules.
After you register with FPSB ltd. , and have access to you to your study materials, you have to complete your course through any of the following routes :- - Self-Paced Education Route : If you have enrolled under this route, you can study for your certification exam as per your own schedule and study from FPSB ltd. online learning portal.
- Instructor-Led Education Route : Under this route, after you register with FPSB Ltd. and purchase the FPSB Ltd. online learning materials, you will enroll with an FPSB Ltd. Authorized Education Provider (in-person and/or online courses available), and complete your coursework in ~8-12 weeks (depending on course content and frequency).
- Recognition of Prior Learning Route : if you have opted for this route, you may apply to FPSB Ltd. for education exemption based on your professional qualifications and/or previous certifications. If approved, you will be eligible to bypass some or all of the specialist education courses and immediately sit for specialist certification exams.
FPSB Ltd. will have a total of four certification exams in India (matching the four specialist education courses), leading to CFP certification in India. It is mandatory for the students to clear each of these modules in order to be eligible for CFP Certification.
Click on the course link to know more.
To obtain certification, candidates complete FPSB Ltd.’s ethics course, and agree to uphold and abide by the FPSB Ltd. Code of Ethics and Professional Responsibility, which sets forth requirements for ethical behavior and professional judgment. Once the candidate has completed this ethics course for any one of the specialist track certifications, he or she will not need to complete the course for additional track certifications on the pathway to CFP certification.
By completing the steps above, and applying for FPSB Ltd. certification, successful candidates can be recognized by employers, clients and the public as an FPSB® Investment Planning Specialist, FPSB® Retirement and Tax Planning Specialist or FPSB® Risk and Estate Planning Specialist.
- Individuals in India can be recognized as a CERTIFIED FINANCIAL PLANNER professional upon:
- Completing all specialist education courses and
related exams - Meeting FPSB Ltd.’s ethics requirement
- Completing through an Authorized Education
Provider the FPSB® Financial Planning Capstone Course (includes a Financial Plan
assessment) - Meeting FPSB Ltd.’s experience requirement
- Passing the CFP exam
- Paying an annual certification fee
Each of FPSB Ltd.’s certifications has a continuing professional development (CPD) requirement, which is five hours of CPD per year for each of the specialist certifications or 15 hours per year for the CERTIFIED FINANCIAL PLANNER certification. In addition to offering our own CPD programs, FPSB Ltd. recognizes the programs being offered by various CPD providers in India.
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