A Comprehensive Guide to the CFP Certification Course in India

The CFP certification is widely acclaimed certification course in the area of financial planning. With more and more financial and wealth management companies looking to hire financial planners, the CFP certification course is ideal for anyone looking to carve their careers in the field of wealth management and financial planning. Here, learn more about the CFP certification course, fee structure, career opportunities and other important details about the CFP syllabus.

The CFP Certification Course

The CFP certification course is a highly advanced course for the financial planners offered by FPSB or the Financial Planning Standards Board India. In order to pursue the CFP course the candidate is required to have extensive knowledge and understanding of financial planning. The individual must also be aware of the theories and principles required for preparing for practicing financial planning professionally. The CFP examinations test your capability to apply the knowledge of financial planning to the real life situations. In simple terms, financial planners are professionals who take an individual’s personal finance, life objectives and goals into consideration. A CFP certified professional helps individuals in achieving financial freedom through effectively managing their personal finance. As one of the globally recognized courses, the CFP certification course is granted only those individuals who meet are able to match the strict education standards, examination, ethics as well as experience required for becoming an efficient financial planner.

CFP course fees in Mumbai

In case you are planning to pursue the CFP certification course, then it is important to note that the FPSB charges Rs16,385 for regular path CFP course registration fee from students, which is valid for one year. The CFP course fees in Mumbai for 1-4 exam is Rs.4130 per examination as well as per attempt. The fee for Exam 5 is Rs8260 for every single attempt. The CFP examination certification fee is Rs7080 which is renewed on an annual basis. In order to appear for the regular pathway, the candidate is required to have a matriculation/HSC/12th pass certificate.

For challenges status pathway, candidates are required to be a Chartered Accountant Intermediate level or ICWA, CFA (US), CS, CAIIB, PhD, LLB, M.Phil, Licentiate/Associate/ Fellowship of Life Insurance, PG, FFSI & FLMI from LOMA, Actuary or must have cleared the Civil Service Examinations conducted by the UPSC.

Course Structure

As far as the CFP certification course structure is concerned, it covers various modules such as investment planning, introduction to financial planning, insurance & risk analysis planning, retirement planning, employee benefits, tax & estate planning and advanced financial planning.

Advantages of the CFP certification course

Candidates who pursue the CFP certification course benefit in several ways. To begin with, CFP certified financial planners increase their chances of finding attractive employment opportunities with leading banks, wealth management companies, financial planning organizations and mutual fund providing companies. It helps working professionals in improving their career prospects in the field of banking & financial planning. This is because financial planning and wealth management companies are always on the lookout for candidates with expert knowledge in the areas of taxation, insurance and mutual funds.

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