Financial planning is a process that determines how you can best meet your life goals through the proper management of your financial affairs. It is this unique integration of knowledge and skills across a broad range of topics that distinguishes professional financial planning from other related financial advice.

The CERTIFIED FINANCIAL PLANNER certification marks are the most recognized financial planning marks in the world. CFP certification is based on independently established standards designed to benefit the public. Most people are now responsible for their own financial future and are looking to professional advisors for assistance. The public is often confused about how to select a professional financial planner and is looking for an advisor who has demonstrated a commitment to high standards of competency and ethical behavior that exceed the minimum stipulated by legislation.

While it is true that the younger you start the more beneficial the process will be, financial planning is worthwhile at any age. Although younger people may have more decisions to make regarding their financial lives, changing laws and circumstances can lead middle-aged people and seniors to have to adjust their financial plans as well. Changes in tax law, for example, may require many people to revisit certain investments or estate plans, and adequate disability planning becomes more important as people age.

An organization can claim rights in a trademark prior to its official registration with a Patent and Trademark Office in a country or region, in fact, many jurisdictions require commercial use prior to seeking registration. The “TM” symbol indicates that FPSB is relying on its common-law rights in the marks, “®” indicates a formal registration with a trademark office, and “CM” is the equivalent of “TM” or “®” in some jurisdictions and indicates that the mark is being used or registered as a certification mark.

Professionals such as doctors, lawyers and accountants are governed by a country’s or region’s laws, and earn degrees and titles such as MD and J.D. Unlike doctors and lawyers, CFP professionals earn certification of their services and, with that, the permission to use FPSB’s CFP marks.

There is currently no uniform method by which financial planners are paid. A planner can be paid by a salary paid by the company for which the planner works by fees based on an hourly rate, a flat rate, or on a percentage of your assets and/or income or by a combination of fees and commissions

CFP are very much in demand, after completion of CFP, a candidate can earn a starting salary of around 4-5 lakhs per annum. The salary increases as the candidate gains experience in the industry. A CFP can even start his/her own practice.

After completion of every module candidate are getting awarded with certificate of AFP, can work as an AFP “Associate Financial Planner”. AFP itself is quite credible junior designation in itself.

CFP is altogether a different from a MBA Program. In MBA program major emphasis is on the different aspects of the Capital Market and other financial aspects which are quite broader in nature, but in CFP is all about 360 degree approach of financial planning for ultimately reaching ones financial goals.

FBSB is one of the globally recognized autonomous body, providing education excelling in Financial Planning. There are 44 charter member of FBSB, India. The list includes various MNC / Private / Nationalized Banks, Insurance and Asset Management Companies, Reputed Broking Houses and other Financial Intermediaries

NSE conducts exams of CFP, for First Five module exams are online which are conducted in NSE centers.

For CFP there is no entrance test, minimum qualification for join a CFP program is 10+2.

No, CFP is a unique program and there is no course closure to or look alike to CFP. The international recognition of this certification and acceptance by so many banks and institutions make it all the more unique.

Ideally speaking, this course is meant for everyone, whether a finance person or not. As we all earn money and we need to plan to spend and invest in future. And basic knowledge of the above mentioned is required skill set for all of us. However, as a profession, its quite synergetic, for all the undergraduates, graduates, and post graduates in any stream, as well as for working professional.