CFP Course Details
A Certified Financial Planner (CFP) Certification is a professional designation granted by the Certified Financial Planner Board of Standards, Inc. (CFP Board) to individuals who meet specific education, examination, experience, and ethical requirements. CFPs are highly trained financial professionals who specialize in helping individuals and families achieve their financial goals through comprehensive planning and strategic advice.
In today’s fast-paced and dynamic economic landscape, the importance of financial planning cannot be overstated. Having a well-structured financial plan is crucial whether it’s securing your future, managing investments, or ensuring financial stability.
achieving this designation isn’t easy at all — applicants need to go through meticulously designed examinations after rigorous training and preparation. The learning materials and test centres are scattered across India to make sure people’s geographical location doesn’t limit their access.
Benefits of Doing CFP
CFP Course Duration, Syllabus, Eligibility and CFP Exam
The duration of the Certified Financial Planner (CFP) course can vary depending on the pathway chosen by the individual to obtain certification. The CFP Board offers multiple pathways to certification to accommodate candidates with different educational backgrounds and levels of experience. Here’s a breakdown of the course duration according to different pathways of CFP certification:
Regular Pathway
The Regular pathway to becoming a Certified Financial Planner (CFP) is a traditional route that many candidates choose to pursue. This pathway typically involves completing specific educational requirements, passing the CFP Certification Examination, and gaining practical experience in the field of financial planning.
- CFP Syllabus: The CFP syllabus equips individuals with the knowledge required to excel as financial professionals. The Regular Pathway is made up of four-part exams, which each focus on different aspects of financial planning
- Part I: Insurance Planning and Risk Analysis
- Part II: Employee Benefits and Retirement Planning
- Part III: Investment Planning
- Part IV: Estate Planning and Tax Planning
- CFP Fees: The term “CFP course fees” typically refers to the fees associated with hiring a Certified Financial Planner (CFP) for their financial advisory services. These CFP course fees in India can vary depending on several factors including the advisor’s experience, expertise, location, and the specific services being provided.
| Registration Fees | Rs 18000/- |
| FPSB LMS Access | Level 1 to 3 – Rs. 6500 each & Level 4 – Rs. 13000 Total = 32,500/- |
| CFP Exam Fees | Level 1 to 3 – Rs. 6,750 each Final Exam & Financial Plan review fee – Rs. 23500/- Specialist Certification Fee – Rs. 10,500/- FPSB CFP Certification Fee – Rs. 10,500/- Total = Rs. 64,750/- |
Total FPSB Fee = Rs. 18,000 + 32,500 + 64,750 = Rs. 1,15,250/-
Fast Track Pathway
Professionals in Financial services have Specified
*Education Qualification
*Relevant three years of work experience
Would be eligible to register, upon verification of their credentials, in the FPSB Integrated Financial Planning course (CFP Final – 4*” Level)
Once registered for the IFP (CFP Final – 4th Level) course, every challenge status pathway candidate shall be at par with a regular candidate and shall follow the same pattern of Education, examination, and certification to qualify CFP Final Case Study Project & Exam.
CFP Eligibility: FAST TRACK PATHWAY
- Chartered Accountant, from ICAI India or ACCA or CA Inter with 3 years Articleship + B.com
- CFA, USA or AICPA (USA) or CMA or ACCA
- Advanced Wealth Management Course or CAIIB, from IIBF
- MA in Economics or Master of Commerce (M Com)
- MBA (Finance) or PGDFM from an AICTE approved Institute (In the Case of MBA & PGDM without mention of any Specialization then 2 Finance Subjects Minimum in every semester is required)
- Post-Graduate Certificate Program in Finance, PGDFM, or other equivalent courses offered by IIM
- Fellow member of the Insurance Institute of India (LI/GI)
Duration
The CFP course basically takes 12 months to 18 months to complete, depending on your study mode chosen (full-time, part-time, or self-paced).
CFP Course Fees
The Fast Track Pathway to CFP certification is designed for experienced financial professionals who already possess certain qualifications and expertise in financial planning.
| FPSB Registration Fee | Document Verification Fee Rs. – 5000/- Material + Registration ( All 4 Module ) Rs.- 34000 Total = 39000/- |
| FPSB Financial Plan Assessment Fee & Exam Fee | Financial Plan Assessment Fees Rs. = 10,500/- Final CFP Exam Fees Rs. = 13000/- CFP Certification Rs. = 10,500/- Total = 34,000/- |
Total CFP Course Fees: 39,000 + 34000 = 73,000/-
Summary
In summary, the FPSB CFP Fast Track pathway offers experienced professionals an alternative route to obtaining CFP certification based on their extensive expertise and qualifications in financial planning. By demonstrating their proficiency through examination, experience verification, and adherence to ethical standards, candidates in the challenging pathway can achieve recognition as Certified Financial Planners and contribute to the advancement of the financial planning profession.