CFP Course: A Way To Being A Financial Planning Professional

With so many avenues to invest with their own set of features, returns and peculiarities, there is a need to plan where to invest, how much and for what period of time. Also, it is important to know what the associated risk factors are of each of the investments and what methods shall be adopted for maximising the returns. Besides, the rules of taxation of the governments also need to be factored in. There are professional courses which teach this planning aspect of the investments, taking care of the whole gamut of issues. Certified Financial Planner (CFP) is one such qualification which is recognised all over the world.

CFP is the executive and professional level certification provided by the US Certified Financial Planner Board of Standards, through its affiliates in different countries. The basic objective of the course is to prepare the professionals in the planning domain so that they can act as valuable guides to the individuals and the corporates in their endeavour to plan their investments well. The CFP course centres on certain crucial areas that often require planning.

The first part deals with the basics of financial planning. This aims to impart conceptual clarity on the time value of money, understanding the financial statement analysis, cash flow and budgeting, legal aspects and professional code of ethics.

The next stage of the CFP courses is to study the risk analysis process, Insurance concepts and policies and the regulatory framework within which insurance sector works.

The third step pertains to retirement planning and employee benefits aspect of financial planning, like wealth creation, erosion and accumulation and analysis of retirement and insurance plans.

The fourth part of the CFP course is that of tax planning strategies, capital and wealth gains taxation and the matters related to Will, Power of Attorney and real estate documentation.

The last part of the course curriculum pertains to the Comprehensive financial planning taking everything into consideration.

If anyone wants to go for financial planning certification, then the Certified Financial planner course gives the best grounding in all the major areas. Also, this course is world renowned and therefore, getting a good job overseas is also a distinctive advantage of this course. This course can be taken in three different modes of learning. One is by way of class room tutoring. The CFP class can be the regular one or it can even be the evening classes or weekend classes for the working professionals. The other is by way of distance learning wherein the course materials are sent to the candidates and the third way is of online tutorials which can be downloaded from the internet after payment of the required fees.

There are many job opportunities which can be had after completing this course. You can work as an independent financial planner or can even be a part of some organization where this work can be done at a much bigger scale.

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CFP - Certified Financial Planner    |     CFA    |       Masters in Finance   |      MBA Colleges

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Give Your Career an International Character .

Finance is the backbone of any organization’s operations. Unless finance is provided timely and adequately to all the departments of the organization, its functions cannot be carried out smoothly. The management of finances, therefore, assumes great importance. The ability to generate as well as expend the money in sufficient amounts so as to facilitate friction-free operations is the prime motive of effective financial management. Professional education in financial planning and management, therefore, assumes great importance. For the working professionals, specialized, short term financial certification modules of finance are taught at convenient timings.

The two prime motives of working employees doing a financial certification course are to update your knowledge about the latest trends in this field and to enable horizontal job rotation of the employees across the finance function. The latter is usually done to make the person capable of handling multiple functions in the organization.

At the international level, the course that is mostly recognized is the Certified Financial Planner course. This is the course for finding a job opportunity into the US finance market and is also recognized by a number of other countries including UK, Canada, Australia, Singapore, Malaysia and others. The CFP program is also done for managing the self-wealth. Its essential focus is on risk analysis, investment scenarios, retirement planning, tax planning and real estate planning. This course is offered through the Financial Planning Standards Board in US and through its affiliates in other countries.

The main objective of this CFP financial planning certification course is to impart the knowledge of financial planning to people so that they can become self sufficient and self reliant of handling their and the organization’s financial matters.  In India, this course is offered through the distance learning format and by conducting the regular and the weekend teaching classes. The course is different from other finance courses essentially in its focus on key finance subjects. Also, there are certain Practice Standards which are required to be followed while actually practicing financial planning.   

All through the course and even before, at the entrance exam level, there is emphasis on ethics part of this profession. This is what sets it apart from other finance courses being offered. That does not mean that the other courses teach one to be unethical, but the standards are more elaborate and are taught as special matters of study in the CFP class .

The institutes offering the certification courses also offer the degrees and diplomas of different durations through classroom and distance education learning options. For availing the CFP program, you have to clear the module 1 of the six modules at first. Thereafter, you can take up modules 2-6 in one go or separately, as per your convenience. This certification does open up a lot of career growth opportunities at national and international level. Worldwide recognition gives you an opportunity to work and settle in most of the countries of the world. By choosing this financial certification course, you become a member of the global elite of finance planning professionals.