Path towards CFPCM Certification
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There are two paths available with an individual that can lead him/ her towards attainment of CFPCM Certification:
- Regular Path
- Challenge Status Path.
Under both the above, the candidate is required to fulfill the mandatory 4Es criteria, as mentioned below:
- Education Criteria: This criteria is put to ensure that the candidate has acquired the necessary knowledge required for a Financial Planner. A candidate needs to pass Exam 1-4 (based on Modules I-V and facilitated by NSE) in order to complete the CFPCM Certification Education Program. For this the candidate can either enroll with an Authorized Education Provider or adopt “Self Study” mode. After passing the four exams, a candidate is eligible to appear in the Advanced Financial Planning examination termed as Exam 5. Please note that the candidates applying through the Challenge Status Pathway are deemed to have already fulfilled this criteria, considering their higher qualifications and work experience.
- Examination Criteria: The CFPCM Certification Examination (Exam 5 based on Module VI and conducted by NSC) is designed to assess the candidate’s ability to apply Financial Planning knowledge to real-life Financial Planning situations. By passing the CFPCM Certification Examination, the candidate demonstrates the required skills to practice Financial Planning.
- Experience Criteria: This criteria assures that the candidate understands various Financial Planning products as well as their intricacies and also has the ability to understand the client's exact requirements and provide appropriate solutions.The experience requirement qualifies work experience that involves Personal Financial Planning. Candidates under the Regular Pathway may complete the experience criteria pre or post appearing for Exam 5. However candidates under Challenge Status pathway need to have attained relevant work experience before appearing for Exam 5.
- Ethics Criteria: Under this criteria, the candidate agrees to abide by FPSB India’s Code of Ethics, Rules of Professional Conduct, Practice Standards and Disciplinary Rules and Procedures. It states that the certificant would always place the client's interest before his own and it is this criteria which gives the clients confidence to trust CFPCM certified professionals and helps build long term relationships.
Please find below the details of the 4Es under each of the two paths:
| Options |
Education |
Examination |
Experience |
Ethics |
CFPCM Certification |
|
Regular Path
(candidate can even opt to become an Associate Certified Planner)
|
A candidate must be SSC/ Matriculation/ 10th pass at the time of enrollment and has to complete the Education criterion, i.e. passing the four Exams mentioned below, either through self study or through training support from any of FPSB India’s Authorized Education Providers.
Exam1: Risk Analysis & Insurance Planning
Exam2: Retirement Planning & Employee Benefits
Exam 3: Investment Planning
Exam4: Tax Planning & Estate Planning
These Exams are facilitated by NSE and conducted online on NCFM platform on NSE’s examination centres and other NSE networked sites throughout India.
(Note: At the time of CFPCM Certification a candidate has to be minimum HSC/ 12th pass)
|
Exam 5: CFPCM Certification Examination testing Advanced Financial Planning Module |
Either pre or post CFPCM Certification Exam (required work experience is three years for Graduates & six years for Non-Graduates) |
Sign Declaration for adherence to FPSB India’s Code of Ethics & Rules of Professional Conduct |
Candidate is Authorized by FPSB India to use CFPCM Certification i.e CERTIFIED FINANCIAL PLANNERCM
|
| Challenge Status Path |
A candidate must be a CA/ Intermediate level, CFA (US), ICWA, CAIIB, CS, LLB, PhD, M.Phil, PG, Licentiate/Associate/ Fellowship of Life Insurance, Actuary, FFSI & FLMI from LOMA, Civil Service Examinations by UPSC. For details click here. |
Same as above |
Pre CFPCM Certification Exam (work experience required is three years in Financial Services industry & five years in Non-Financial Services Industry) |
Same as above |
Same as above |
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The financial industry is growing in leaps and bounds. There are many career opportunities and job openings in this ever-growing industry. Financial Planner Career is a corporate career track, even for those who run their own finan...
CFPCM certification is recognized in 23 countries across the globe. Besides, the certification immediately get the trust of clients in comparison to other Financial Planners.