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Notable features of owning CFP Certification and Its dramatic Benefits

Mon, 30 May 2016 12:58:56 +0000

Whether you are just starting to explore the chances of becoming a financial planner or if you are already a well-established financial advisor, there exists an undeniable value in meeting the necessary requirements to accomplish the CFP (Certified Financial Planner) status. During the times of economic debacle, it is reasonable to believe that people seeking to secure their financial assets would turn to professional financial planners in huge numbers. Job prospects in the field shows that this is certainly the case, as the private financial advising industry is emerged to develop by more percentages in the coming years. The opportunity waits for individuals with background in economics, finance, mathematics or accounting to discover new career lines within this developing field.

The cfp certification remains as one of the standardized professional distinctions in the field, offering the holder immediate credibility as a professional in portfolio and asset management.

What are the requirements to earn CFP certification?

The cfp certification process emphasizes on a set of requirements,

• Education- Those who are interested in earning the credential should complete the course that is approved by CFP board

• Examination- To gain CFP status, candidates should pass a diverse examination process that covers the important skills required for success in the industry

• Experience- Professional, hands-on experience offering optional financial solutions to customers is a significant facet of CFP requirements.

• Ethics- CFP professionals adhere to the standards of professional conduct strictly, upholding the values of integrity, professionalism, objectivity and diligence.

The above set of requirements are meticulous that distinguishes CFP’s apart from other professionals in the marketplace as leaders in finance.

Why becoming a CFP is profitable?

Gaining this esteemed professional credential holds with it a host of benefits that can assist make your career in finance to move to next level. Financial professionals normally show that CFP status is imperative to their growth and endeavors to deliver the best possible service to their clients.

Achieve greater earning potential

It has been proved from findings that CFP professionals usually manage to retain long-term clients effectively, while handling an average percentages of their client’s assets. By means of both team and solo practices, the productivity and earning potential of individuals holding cfp certification is substantially higher than those who are not certified. As per a survey, the solo practice made by CFP professionals produced forty to hundred percentages more revenue over the course of years in the industry. In addition, the survey also found that team-based techniques followed by CFPs are thirty percentages more productive than those without.

• Portrays reliability and advanced expertise

The professional and educational requirements required to earn the credential demand a great degree of respect. While searching for a financial professional capable of managing their assets expertly, individuals and families find earning the cfp certification as a crucial aspect in their selection process. Additionally, it is also agreed by majority of the CFA certification holders that continuing education resources supplied by CFP board enhance the skills, knowledge and potentials of CFP professionals.

Future prospects of financial planner

Mon, 07 Dec 2015 08:41:53 +0000

The diversity of India has been laid down on the service industry with globalization coming to the centre stage. There is no denying the fact that over the years, there has been huge influx of investments as well as capital within the country. This has led to massive boost in the financial sector. The same can be said for the stock exchange of India which has seen various inflows from FIIs and other investors. This is the reason why financial sector is being seen as force aggregators from the student’s perspective. In the recent years there have been various institutes that have come up in India offering financial planning courses. These courses are highly vital for students as they not only offer seamless support to the students but also allow them to have ample knowledge regarding the various aspects of this Sector. But there has been a common trend where students have been undertaking post graduate courses in this industry looking for management jobs which have higher pay scale.

As a financial planner each and every person has well defined roles to play:

They need to undertake an ethical and articulate role of financial planning delivering turnkey services for managing wealth and funds for an individual or a business.
They need to apply all the financial planning theory developed during the course of the program into development of case studies that would help them analyze risk assessment.

·There are various tools and frameworks that work in concurrence of the financial market to analyze and maintain financial strategies in place. A financial planner needs to undertake all these strategies and develop a viable approach for future probability. ·After passing a certified financial planner examination they need to demonstrate the mastery of invoking investments and driving future growth of financial sector.

Under any circumstances there are two ways to become a CFP. One path leads towards regular certification while other denotes challenge status in order to achieve the CFP certification. It is also vital to understand that the education qualification required for both is difference and requires variable set of deliverables. The regular CFP course involves various modules that are needed to be undertaken. These are:

Risk Analysis & Insurance Planning
Retirement Planning & Employee Benefits
Investment Planning
Tax Planning & Estate Planning

This is the traditional way undertaken by most of the students as it not only offers seamless integration of all aspects of financial planning but also allows ample exposure to the students for better vitality. On the other hand the challenge status requires the candidate to be a CA or any affiliated degree holder and only involves examinations. The complete programs can take nearly two to three years depending upon the study program. After completing the programs the students can then choose to go into different sectors like banking, insurance, investments, and stock broking or become a financial planner. CFP certification is an internationally accepted Financial Planning qualification recognized and respected by the global financial community.

cfp certification

CFP Certification – Tried and Tested Route to Success in Financial Planning

Wed, 07 Oct 2015 08:56:35 +0000

Studying and predicting financial condition is necessary in every organisation. In fact it is one of the most crucial factors that determine how a company lays its stakes in the business world and comes out triumphant most of the time. Financial planning is a specialised career wherein you are trained to offer financial consultancy to business organizations and financial institutions. Professionals are trained to be competent enough so that they can formulate financial strategies and help organisations make better business decisions.

Certified Financial Planner (CFP) is a professional certification mark that is conferred to financial planners and is conferred by the Certified Financial Planner Board of Standards in the United States and administered by the Financial Planning Standards Board India within India. CFP certification is essential if you want to make your career as a certified financial planner. To obtain this certificate you have to pass five exams which are based on various aspects of personal finance. There are numerous financial planning institutions in the country which offer a CFP certification course that prepares you for all the five exams.

There are several advantages of becoming a certified financial planner. Some of them are :

Makes You Professionally Qualified – CFP is the only professional qualification that can recognise you as a financial planner. CFP is to financial planning what CA is to auditors, CS is to company law, and CFA to portfolio management and investment analysis.
Independent Advisors – In the United States and many other developed nations, financial planners play very important roles as independent advisors. Though such advisory roles are not very popular in India yet, the trend is surely setting in. Indian financial planners are slowly offering holistic fee-based advice.
Specialised Career Choice – Financial planners are today offering their services in insurance, estate planning, taxation, retirement, employee benefits etc. However, what makes a financial planner’s role different from the rest is the fact that all the above-mentioned services are seen to be inter-connected – part of a bigger picture. This helps the CFP make better financial decision that have an overall impact on all stakeholders.
Differentiates Yourself – A CFP certification differentiates you from the rest and demarcates your role in the industry. A financial planner has a different set of skillset with regards to knowledge and range of services offered.
Better Job Opportunities – Apart from having the option of working as an independent CFP, you also have the option of getting employed with an investment bank or any other financial institution. Since a financial planner has a specialised skillset, he usually gets a good remuneration for the job.
Part of the Financial Industry – Last but not the least, you become a part and parcel of the financial industry. Several banking and financial institutions are accepting the concept of individualized financial planning so as to benefit their customers.

The best way to crack the rather rigorous CFP certification examination is to enrol in a CFP course offered by a reputed institution. This will give you the headway to pass the exam easily.