Module I – Introduction to Financial Planning

This module covers the following :

  • The six- step process financial planning.
  • Client interactions.
  • Time value of money applications.
  • Code of ethics.
  • 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.

Module II – Risk Analysis & Insurance Planning

This module exhaustively covers the knowledge requirements relation to :

  • Risk management and insurance decision in personal financial planning
  • Identifying client’s exposure to mortality, heath, disability, property, liability, and long-term care risk is emphasized
  • Selecting the apt risk management technique
  • Various Insurance Policies and Strategies :
    • General Insurance.
    • Life Insurance.
    • Motor Insurance.
    • Medical Insurance.
    • Insurance of Business Risk.
    • Regulation of Insurance.
    • Insurance Pricing.
    • Insurance Companies.

Module III – Retirement Planning & Employees Benefits

This module emphasizes on the process of wealth creation and retirement planning strategies for individuals. It broadly covers :

  • Retirement need analysis techniques
  • Development of retirement plan
  • Various retirement schemes such as:
    • Employees Provident Fund (EPF).
    • Public Provident Fund (PPF).
    • Superannuation Fund.
    • Gratuity.
    • Other Pension Plan.
    • Post- retirement counseling.

Module IV – Investment Planning

This module covers the following :

  • Risk Return Analysis.
  • Mutual Fund.
  • Derivatives.
  • Asset Allocation.
  • Investment strategies.
  • Portfolio construction and management.
  • Regulation of an Investment Advisor.

Module V – Tax Planning & Estate Planning

This module covers the following :

  • Income-tax computation for Individuals, Companies, Trusts and other bodies.
  • Capital Gains and indexation.
  • House Property.
  • Deduction and Allowances.
  • Non Resident Indian tax laws.
  • Tax Management Techniques.

Estate planning, the second section to the module, is also vital to any financial plan. It mainly covers :

  • Wills.
  • Trusts.
  • Indian Succession Act.
  • Power of Attorney.
  • Joint ownership of property.

Module VI – Advance Financial Planning

This module materializes the concepts learnt from the previous modules into a comprehensive financial plan constructed for individuals. It thoroughly explains the following aspects related to the construction of the financial plan :

  • Establishing client-planner relationships.
  • Analyze Client Objectives, Needs and Financial Situation.
  • Developing and presenting the financial plan.
  • Implementing the financial plan.
  • Monitoring the financial plan.

Duration of the Course

Minimum time in which the CFPCM certification could be achieved is 3-6 months & maximum time allowed by FPSB India is 7 Year to complete the course. The registration is however valid for 1 year. The exam will be centrally administered by NCFM (national stock exchange).

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