Ara Education is the No.1 CFP Coaching institute Coimbatore Tamilnadu. ARA EDUCATION has skilled and experienced faculty members in Coimbatore. ARA EDUCATION in Coimbatore offers the best CFP Classes for all six modules both online and offline.
CFP or Certified Financial Planner is a qualification granted by the Financial Planning Standards Board (FPSB) to persons who intend to take up financial planning as a career. Internationally recognized and regarded as the finest in financial planning education, training, and ethics in practice is the CFP. "Process of developing strategies to help people manage their financial affairs to meet life goals" is how the FPSB describes financial planning. It entails assessing the client's financial situation, creating a financial strategy specifically for them, and putting that plan into action for their advantage.
The Certified Financial Planner Certification (CFP), which stands for CFP certification, is the top credential in financial planning globally, with more than 223,700 certificates granted. This accreditation is for individuals committed to ethical and expert financial planning with a CERTIFIED FINANCIAL PLANNER® certification. https://www.cfp.net//
Its accreditation is acknowledged and valued in more than 27 nations, including India. Having a CFP Certification in India sets the professional apart and enables them to excel in the financial services industry.
The function of Certified Financial Planners in the fields of Financial Planning and Wealth Management.
CFPs offer financial assistance to individuals for managing their money. This may encompass a broad array of needs, such as insurance, schooling, retirement, and investment strategizing. Being a trustee for your assets, or someone who makes decisions with your best interests at heart, is the most essential characteristic of a Certified Financial Planner (CFP).
Both the finance industry and financial advising services offer a wealth of job prospects for a Certified Financial Planner. A financial planner can act as a consultant or on behalf of their organization to provide financial planning services to businesses and individuals. Professionals who meet the eligibility requirements and finish the 6-module CFP Certification Education Program are eligible to receive the CFP certification. The CFP Syllabus supports the professional growth of those with training in banking, investment planning, financial counseling, and related areas. Financial planning, risk analysis, insurance planning, taxation, and estate planning are among the primary subjects covered in CFP education.
| Particulars | Details |
|---|---|
| Course Name | CFP |
| Course full form | Certified Financial Planner |
| Eligibility | For Regular Pathway Eligibility the candidate must have passed class 12th and should have cleared the five exams covering all six modules. For Challenge Status Pathway Eligibility the candidate must have cleared CA | Intermediate level, CFP, ICWA, PhD among others. |
| Exam pattern | Multiple Choice Questions |
| Online Courses | CFP Certification course, Financial Planning certification course |
| Main Subjects | Financial Planning, Risk Analysis, Retirement Planning, Investment Planning, Tax Planning etc |
Students taking the CFP course learn how to build a strong foundation for ongoing financial planning. Additionally, it makes it possible for every client to regularly provide a pure financial planning solution. Besides, it helps readily to prove decisions, minimizing your danger of non-compliance. It will give clients more self-assurance and help them accomplish their goals in life. In the financial industry, a certified CFP student can perform wonders and make a good impact on appealing job profiles such as those of a Financial Controller, Management Trainee, Project Manager, and Accounting Officer. The starting pay for a CFP practitioner is INR 4 LPA.
There are two ways to obtain the CFP certification: the Regular Pathway and the Challenge Status Pathway. The CFP eligibility requirements for both formats are listed below.
To be certified as a CFP by the FPSB, the candidate needs to have passed class 12 and passed all five tests covering the six modules of the certification program.
Note: The CFP certification programme includes five exams for six modules. There is no separate exam for the first module. Its weightage is added to the rest five modules (20% each). The six modules are listed below:
| Name of Module | Details |
|---|---|
| Module 1 | Introduction To Financial Planning |
| Module 2 | Risk Analysis & Insurance Planning |
| Module 3 | Retirement Planning & Employee Benefits |
| Module 4 | Investment Planning |
| Module 5 | Tax Planning & Estate Planning |
| Module 6 | Advanced Financial Planning |
Applicants may choose the Challenge Status Pathway if they have passed the UPSC Civil Service Examinations and have passed the CA | Intermediate level, CFP, ICWA, CAIIB, CS, LLB, PhD, MPhil, PG, Licentiate | Associate | Fellowship of Life Insurance, Actuary, FFSI & FLMI from LOMA. In this approach, certification can be obtained solely by passing the fifth exam, which is called Advanced Financial Planning.
In order to improve test security and offer a uniform experience for both in-person and remote candidates, the CFP exam consists of 170 multiple-choice questions that are presented in a computer-based format over the course of two 3-hour sections with midsection breaks.
There will be two separate subsections for every section of the exam, with the possibility to take an unplanned break in between.
Within each subsection, candidates are allowed to switch between questions. Nevertheless, applicants will not be able to view the previous subsections of the exam once the next one starts.
CFP Exams will be conducted by Financial Planning Standards Board (FPSB USA) three times in a year: March | July | November.
| Opens | Closes | Fees | |
|---|---|---|---|
| Early Bird | October 18, 2024 | January 16, 2025 | $825 |
| Standard | January 17, 2025 | February 20, 2025 | $925 |
| Late Registration | February 21, 2025 | February 27, 2025 | $1025 |
8 PRINCIPAL KNOWLEDGE DOMAINS in CFP:
Results of CFP Exam will be declared by CFP Board four to six weeks after the end of the CFP Exam Testing Windows.
The CFP Board has set the following restrictions on how many times a person may take the CFP® exam: Candidates may take the test no more than five times in their lifetime. (Those who took the test four or five times before January 1, 2012, are eligible for two further attempts.) Within a 24-month period, individuals are permitted to take the exam a maximum of three times. An individual is required to sit out three exam administrations before registering for another attempt if they fail the exam three times in a 24-month period.
INR 40,000 - 60,000
The average salary of CFP is approximately INR 5,58,104 per year.
For the CFP course, there isn’t any specific eligibility criterion. On the other hand, candidates must fulfill a few fundamental eligibility requirements. Here are a few prerequisites for eligibility:
To graduate from a recognized Board with a minimum cumulative GPA of 50%, students must finish their 10+2 in any stream. Only a small number of institutions administer exams to shortlisted, qualified applicants at the time of registration. The courses have no minimum or maximum age requirement.
ARA Education is the best CFP Coaching institute that provides Online|Offline|Full-time|Part-time Coaching Provider with One-time fee payment till passing|Study Notes|Daily and Weekly basis Tests|Doubt Clarification Sessions|Revision Tests|Model Exams|Campus Job Placements etc... For further information, please call us @ +91 422 - 4355539 | 94 89 87 79 79
