PRESENTING
YOU
WITH THE
CERTIFICATION
TRAINING
PROGRAMME
OUR EXPERTISE STEMS FROM
OUR EXPERIENCE IN
ICICIdirect Centre for Financial Learning is an Authorised Education Partner of Financial
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Planning Standards Board India for CFP
certification. We are one of the leading providers of education on financial planning, wealth management and capital markets & have trained 50000+ participants.
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About CFP Credentials & FPSB India
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Why CFP Certification?
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Demand for CFP Professionals Career Opportunities & Pay Scale
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Pathway to CFP Certification The Practical Learning Curriculum Our Differentiators
Our Programme Offerings
Index
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Rated as Gold Standard in Financial Planning, CERTIFIED FINANCIAL PLANNER or CFP is an international certification programme in the lucrative field of financial planning, wealth management and financial advisory services.
As the Indian Financial Industry is transforming and maturing, professional financial planners have become an imminent need. In India, leading industry giants from financial services sector have been promoting the concept of financial planning among the customers and professionals.
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About
CFP
Credentials & FPSB India
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CERTIFIED FINANCIAL PLANNER
certification programme makes you competent
to provide strategic advice in regard to investment, insurance, tax, retirement &
estate needs and enables you to plan and fulfil such needs.
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CERTIFIED FINANCIAL PLANNER Certification is a:
About FPSB India – The Certification Awarding Body Mark of Quality – The World Over.
Tested for competency education, examination & work experience. Committed to code of ethics & rules of professional conduct.
Highest level of certification globally in the field of financial planning.
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• FPSB India is the principal licensing body that awards CFP Certification in India.
• It is an affiliate of Financial Planning Standard Board (FPSB) based in Denver, U.S.
• It provides a pathway for members to develop the necessary skills & knowledge to become successful financial planners.
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CFP , Certified Financial Planner and are certification marks owned outside the US by Financial Planning Standards Board Ltd. Financial Planning CM
“The Banking & Financial Services Industry is going through a paradigm shift from being merely transaction oriented, to
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being an advisory based service. CFP professionals have an indispensable role to play in this transformation.”
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Anup Bagchi CFP
Managing Director & CEO, ICICI Securities Limited
Vaijayanti Naik
Sr. Vice President & Head -
Human Resources, ICICI Securities Limited
“The demand for qualified financial planners in the banking CM and financial services industry is enormous. CFP professionals not only fulfil this demand but also bring credibility and integrity to the financial planning role.”
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Abhishake Mathur CFP
Senior Vice President,
Financial Planning Services, ICICI Securities Limited
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Supported, recognised and promoted by 50 Charter Members and other employers engaged in financial planning services, looking for competent and ethical financial planning professionals.
An industry and employment oriented certification which is rated as “One of the Best Jobs” by U.S. News and World Report, 2012. Rated amongst the ‘Top 5 Jobs’ on the basis of five key areas: Work Environment, Physical Demands, Job Outlook, Income Levels and Stress by Career Cast in 2012.
The most recognised and respected financial planning certification in 24 countries. Rated as Gold Standard by Wall Street Journal in 2006.
Ideal for self employment. Financial planners can start their own practice as an entrepreneur.
Highly sought after certification by BFSI industry as it provides credibility with customers seeking trustworthy assistance. Enables qualified individuals to provide clients with a holistic approach to achieving their financial and life goals.
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Source: Financial Planning Standards Board, 2011 Statistics CM 1,39,818 CFP Professionals Worldwide 50000 100000 150000 2011 2008 2005 2003 2000 0 Number of CFP Professionals Worldwide
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Why
CFP
Certification?
A Career in high demand: CM
CFP Global Recognition & Demand:
INDIA-1,570 33,181 5,492 17,507 17,836 64,232 United States Japan Canada Australia India Other countries
Careers in financial planning are expected to grow 41% globally
by 2016, according to Money Magazine and Payscale.com.
Assuming one financial planner is handling approx. 1,000 clients,
we need at least 50,000 Certified Financial Planners in India
immediately. However, up till December 2011, India has had only
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1570 CFP
professionals.
• Banking
• Wealth Management Companies • Stock Broking Firms
• Investment Advisory Services • Financial Planning Services • Life and General Insurance • Accounting and Law Firms • Asset Management Companies • Credit Counseling Organisations
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In India, CFP recipients are in high demand in the following fields:
•
• Other undergraduates / graduates looking for a career in finance • MBA / CA / CA Inter
• Sub-brokers • Insurance Advisors • Banking Professionals • Mutual Fund Distributors
• Professionals interested to make a fruitful career in finance B.Com / M.Com / BMS / BBA / BBI / BAF / BFM
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CFP Certification is suitable for:
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Demand for
CFP
Professionals
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Career Opportunities
& pay scale
Whether you are pursuing your graduation, or seeking to improve your
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professional status or want to become a practicing financial planner, CFP
certification can open the doors to better opportunities.
Levels
Entry
Job profile
Trainees and executives in banks, wealth management and financial advisory firms.
Sales Managers, Relationship Managers, Wealth Managers, Financial Planners / Advisors, Investment / Insurance Advisors.
Functional Heads, Business Heads / Regional Heads, Senior Planners / Advisors and Team Leaders.
Qualification/Experience
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Pursuing CFP certification programme + graduate fresher.
Expected Pay (p.a)
Up to Rs. 4 lakh Rs. 4-8 lakh Above Rs. 10 lakh Source: Financial Planning Standards Board India as on July, 2012.
Middle Pursuing CFP certification
programme with work experience of 1-2 years.
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Senior Attained CFP certification with a 5-7 years work experience and other professional qualifications.
CHARTER MEMBERS OF FPSB INDIA
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The Promoters of CFP Certification
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Pathway to
CFP
Certification:
Advanced Financial Planning Exam 5
Signed Declaration for adherence to FPSB India’s Code of Ethics & Rules of Professional Conduct
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Candidate is authorised by FPSB India to use CFP i.e.
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CERTIFIED FINANCIAL PLANNER ,
th
A candidate must be HSC / 12 pass at the time of enrolment and has to complete the education criterion, which is passing the following four examinations*: 1. Risk Analysis & Insurance Planning (Exam 1) 2. Retirement Planning & Employee Benefits (Exam 2) 3. Investment Planning (Exam 3)
4. Tax Planning & Estate Planning (Exam 4)
Pathway Regular Challenge Status
A candidate must be a CA / Intermediate level, CFA (US), ICWA, CAIIB, CS, LLB, Ph.D, M.Phil, PG, Licentiate / Associate / Fellowship of Life Insurance, Actuary, FFSI & FLMI from LOMA, Civil Service Examinations by UPSC
Education
Examination
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Either pre or post CFP examination
(3 years for graduates & 5 years for non-graduates)
Experience CM
Pre CFP Examination
(3 Years in financial services industry & 5 Years in non-financial services industry)
Ethics Certification
* All examinations are facilitated by NSE and conducted online on NCFM platform on NSE’s examination centres and other NSE networked sites throughout India.
The Practical Learning
Curriculum
4 Investment Planning
•Risk Return Analysis •Mutual Funds •Derivatives •Asset Allocation •Investment Strategies
•Portfolio Construction & Management •Regulation of an Investment Advisor
Examination: M.C.Q. type Duration of Examination: 2 hours
5
Examination: M.C.Q. type Duration of Examination: 2 hours Tax and Estate Planning
Tax Planning:
Estate Planning:
Income Tax Computation Capital Gain & Indexation House Property Deductions & Allowances Non Resident Indian Tax Laws Tax Management Techniques Wills, Trust, Indian Succession Act Power of Attorney
Joint Ownership of Property
• • • • • • • • • 6
Examination: M.C.Q. type Duration of Examination: 4 hours Advanced Financial Planning
• • • • •
Establishing Client Planner Relationship Analyse Client Objectives, Needs & Financial Situation
Developing the Financial Plan Implementing the Financial Plan Monitoring the Financial Plan
3
Examination: M.C.Q. type Duration of Examination: 2 hours
• • •
Retirement Need Analysis Techniques Development of Retirement Plans Various Retirement Schemes such as:
Employees Provident Fund (EPF) Public Provident Fund (PPF) Super Annuation Fund Gratuity
Other Pension Plans, Post-retirement Counseling
Retirement Planning and Employee Benefits
2 Risk Analysis and Insurance Planning
• •
• •
Risk Management and Insurance Decisions in Personal Financial Planning
Identifying Client’s Exposures to Morality, Health, Disability, Property, Liability and
Long Term Care Risk is Emphasized • Selecting the Appropriate Risk Management Technique
Insurance Pricing
Various Insurance Policies & Strategies: General Insurance
Life Insurance Motor Insurance Medical Insurance
Insurance of Business Risk Regulation of Insurance Industry
Examination: M.C.Q. type Duration of Examination: 2 hours Introduction to Financial Planning
1
Financial Planning Process Client Interactions
• Time Value of Money Applications Personal Financial Statements Cash Flow and Debt Management Asset Acquisition
Education Planning
Overview of Risk Management Investment Planning Retirement Planning Special Circumstances Plan Integration
Ethics and Business Aspects of Financial Planning
• • • • • • • • • • • •
Why we are preferred to others in the industry:
Internships
Internship shall be provided with Financial Planning Services Department of ICICI Securities Ltd. based on fulfilment of the following criteria:
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Successfully cleared module 2 to 5 of the CFP Certification and is eligible for the Advanced Financial Planning module.
Successfully completed graduation.
Cleared the interview for internship.
• • • •
Established a need for an internship.
ICICIdirect Centre for Financial Learning ensures that you get all of the above.
When you choose an education partner, you should look for:
Training standards of the education provider. Experience of faculty.
Support for an internship to enhance practical learning.3 1
2
Core Faculty
Corporate Faculty from ICICI Securities Ltd. Guest Faculty
3 1 2
1. Credentials based short-listing
•
• Extensive experience in teaching • Experience as an industry practitioner
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CFP Certification
Faculty
The organisation follows an intensive 3-tier process for selection of the faculty.
3. Screening by the committee of top management
Each faculty is exclusively screened by a committee consisting of senior management of ICICI Securities Limited.
2. Personal interview with qualified domain experts
Before selection, internal experts involve in a detailed discussion with the faculty to evaluate domain knowledge and ability to teach.
What matters for quality learning is -
Who will teach you?
With the objective of ensuring premium & highly practical learning that you deserve, we have stringent faculty selection standards.
You learn from 3 types of Expert Faculty:
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All of our faculty are CFP certificants and have not only a rich experience as industry practitioners but also flair to teach.
Offerings:
Our Programme
•
• Study Material: Orientation Book, Concept Book, Case Study Book •
30 hours of Core Practical Learning based on Case Studies Doubt solving / faculty interactions
• • • • • •
175+ Hours of Core Practical Learning
24+ hours of Webetorials - Live online learning sessions for doubt solving / faculty interactions
(Included above)
Exhaustive Study Material Case Studies with Mock Tests
Online Mock Tests
Flexibility to attend missed classes based on class schedule Duration: 3 to 6 months
Challenge Status Pathway: Classroom Learning
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• Basics of Excel from a CFP learning perspective
• Financial plan construction training by an industry practitioner for those who have cleared module numbers 2 to 5
• Guest Lectures by industry experts Duration: 1 to 2 months
Add-onsforbothpathways
Examination and Fees Details
Please contact your nearest branch for details
Batch Start Date:
Training Venue:
•
Please contact your nearest branch for details Training Fees Payable to ICICI Securities Limited
• Registration fees:
`
10,000/-• Examination / Re-examination Fees:
` 2000/- each for Modules 2 to 4 & ` 5000/- for the last module
(Above fees are exclusive of Service Tax)
ICICI Securities Ltd.( I-Sec).Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Centre, H. T. Parekh Marg, Churchgate, Mumbai - 400020, India, Tel No : 022 - 2288 2460, 022 - 2288 2470. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. These programmes do not guarantee any job or placements with ICICI Group or any other organization. Participants should make independent judgment with regard suitability, profitability, and fitness of any program offered herein above. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Certification is an indicator that an individual has completed a combination of defined examination and course requirements prescribed by ICFL . However, certification is not a guarantee or assurance of the competence or ability of any particular individual.
Corporate office: Registered Office:
Shree Sawan Knowledge Park, Plot No. D-507, T.T.C. Industrial Area,
MIDC Turbhe, Navi Mumbai - 400 705 Tel: (91-22) 4070 1000 Fax: (91-22 4070 1022). ICICI Centre, Churchgate, Mumbai 400 020, India.
Website:
SMS
to
Email:
learning.icicidirect.com
‘EDU CFP’
5676766
learning@icicisecurities.com
Our Regional Offices:
MUMBAI
ICICIdirect Centre for Financial Learning
2nd Floor, Patel Complex, Liberty Garden Rd., Off S.V. Road, Malad West, Mumbai - 400064.
Phone:022 65900141 / 168 / 169
PUNE
ICICIdirect Centre for Financial Learning
Ground floor, SANAS Memories, Fergusson College Road, Near Deendayal Hospital, Pune - 411004.
Phone: 020 40009248 / 46
BANGALORE
ICICIdirect Centre for Financial Learning
2nd Floor, No.50 Little Plaza, Cunningham Road,
Bangalore - 560095. Phone: 080 49118827 / 35
DELHI
ICICIdirect Centre for Financial Learning
Plot No. 17, Community Centre, 1st Floor, Mayapuri,
Delhi -110064.
