https://www.icofp.org/ - Blog #cfp

‘MANTRA’ TO CLEAR CFP IN ONE GO

Tue, 19 Jun 2018 01:16:25 +0000

There are no shortcuts to true excellence. So in order to secure the Gold Standard certification in the field of finance, you have to be extremely dedicated towards the same. By just following the mantra below, you can clear your CFP exams in one shot – Rigorous Practice: It is recommended to practice on a daily basis. Even if you are a working professional, give at least one hour every day to the preparation. The idea is to be in touch with the subject regularly. Cover everything: Since the board allows you to book a slot as per your convenience, it is highly recommended that you book your exam only if you are sure that you’ll be able to cover everything (as per the FPSBI syllabus) before that date. You may generally be able to book a slot within a gap of a month. So, prepare yourself accordingly. Sequence of Preparation: It is advisable to cover the syllabus in the sequence prescribed by FPSBI, i.e. Introduction to Financial Planning, Risk Analysis and Insurance Planning, Retirement Planning and Employee Benefits, Investment Planning, Tax Planning and Estate Planning and finally Advanced Financial Planning. Though you can take the first four exams in any order, it is recommended to follow the above sequence. Hands on Financial Calculator: The calculator that is allowed in the examination is FC – 200V. It is important to know the functionality and various formulae that can be applied using the financial calculator. It is recommended to practice the numericals using the financial calculator (multiple times) to be hands on. Revision: No preparation is complete until revised thoroughly. Revision plays an important role as you’ll review important topics and formulae at this stage. Hence this step is not to be missed at all. Practice Sample tests & Mock Exam: In order to assess your preparation, you should take up Sample tests and Mock Examination. Sample Tests would give you an idea about your understanding of individual concepts. On the other hand, Mock Exams would help you boost for Exam environment and would give you an understanding of Exam pattern, time management in the examination and much more. Be updated with the market: Keep in touch with the financial market news as you may see questions on general economics as well as current affairs related to finance. Be thorough with your concepts: Whatever you learn, just do so thoroughly. Once you are thorough with the concept, you can easily attempt the questions. Do not miss any session: If you are preparing for your CFP certification with the help of an educational partner, it is recommended not to miss any of the sessions as each session would have important concepts to grasp. So do not take it easy. Do not panic: The most important of all, do not panic on your exam day! Take required sleep a day before examination day. Do not take up a new topic before the exam day. Also, do not forget to carry your financial calculator in exam. All the best!! ____________________________ Blog Written by :

Manya KakkarAssociate Financial Planner

A Direction To The Courses In Finance

Thu, 27 Aug 2015 06:30:40 +0000

It is true that most of the students decide about their course of study in the final years of their schooling itself. These decisions are sometimes planned and sometimes influenced by friends and family. However, during graduation one makes up one’s mind as to what course one would specialize in order to reach the desired goals of life. Students having a flair for figures and interest in accounts and monetary aspects of economy search the education industry for suitable finance courses. Finance is a broad sector with numerous opportunities at different levels. It depends upon the qualifications of an individual that he enters at a lower executive level and upgrades himself to promote further or directly enters the senior management level of any business entity. Finance Industry has very bright prospects in the modern economy and is a rewarding career for people with the right attitude. At the school and graduation levels, finance normally studies as a part of the commerce subjects. Economics, Statistics, Accounts, Mathematics are usually taught in these courses. These subjects form a good basis for a student to understand the concept of finance, its relevance in the industry and its relation with the other factors of the economy. Generally, students look forward to specialization in their desired field of finance after their graduation. For this one can choose from a degree course or a short diploma course. The finance courses offer specialized education in the field of insurance, planning, analyzing, banking, investment, wealth management, accountancy, taxation and many more. The common practice followed by students willing to make their place in high earning finance professionals is to do MBA in Finance with specialization in their desired course. Few professionals even aim for the highest certifications in the industry like CFP and CFA that ensure a global arena of work opportunities. International College of Finance Planning (www.icofp.org) offers its students assistance and guidance in preparing for CFP Certification. The experienced faculty, updated reference resources, and rigorous training have proved very helpful for its students and over 11000 students have accomplished their certification. The otherf offered by ICoFP are MBA in Finance Planning, MBA in Finance Analysis and some diploma courses for those who look for a short term study course. There are some distance learning opportunities and short duration courses for those who want to upgrade their qualification while pursuing other interests or job. While choosing a finance course, one must analyze certain factors like the prospects of the course and its relevance in the industry, right set of skills to match the standards of the position, the reputation of the institute, the placement assistance of the institute and the satisfaction level of its alumni, the industry training and the practical know-how sessions’ availability in the syllabus. The extra-curricular activities to enhance the personality, confidence, communication skills, presentation skills, and leadership and team orientation qualities in the aspirants also play an important role in transforming them into trained professionals.

CFP Certification For Financial Planning

Wed, 15 Jul 2015 04:20:16 +0000

In the global Finance services industry, there is a huge demand for professionals with super specialization in their respective field of studies. All companies, corporate and wealthy private investors look forward to consult an expert financial professional in order to plan their investments and allocate their funds in accordance with the futuristic trends and maximize their profits. A proper planning and systematic funding plan can reduce the risk and increase the returns on the income. For such a planning, one needs to consult a Financial Planner. The Financial planner usually works in close association with a financial analyst to devise out the most profitable policies of their client. It involves analyzing the reports and graphs and any other important data relevant to the client and brainstorming and formulating a suitable strategy to get success or stay successful. There are several professional courses in financial planning that can help a student prepare for the challenging job of the Financial Planner. These courses are designed for fresh pass-outs as well as for experienced executive employees. The most prestigious and highest certification in the field of financial planning services is the CFP Certification. This certification has international recognition and the professionals (around 100,000 of successful candidates) qualifying CFP certification is trusted as the most capable people to handle the financial planning issues for any client. The Certified Financial Planners can work both as freelancer consultants and offer their services to anybody willing to seek a professional advice or they can join a company and work exclusively for formulating the financial framework for its accomplishments. The professionals willing to qualify the prestigious CFP Certification usually start preparing quite early. One can take admission in a CFP Certification training program and practice under the guidance of some industry specialists. One such institute popular for the CFP Certification program along with the other reputed courses in Finance is named as International College of Financial Management. ICFP has been disseminating the proficiency and educating its students about the theoretical and practical aspects of financial services industry for a long period of over thirteen years now. The total duration of the CFP Certification course is five months. One can apply for this course after completing his 10+2. There are three campuses of ICFP in Delhi, Mumbai and Kolkata respectively. ICFP has well trained industry experts to train the students according to the international standards of the CFP certification. It is an industry integrated course and proper arrangements are done to provide live industry experience through in-house training and workshops. It is a market leader with an alumni base of around 11000 professionals. The students here are allowed to access the rich database available for references. The rigorous training, role plays, company visits and the availability of last years’ examination papers help one prepare accurately and gain the right set of skills. ICFP is authorized education partner of Financial Planning Standards Board, India (FPSB).

How to Find The Right Institute for Higher Studies in Finance

Sun, 14 Jun 2015 10:42:34 +0000

Finding the right institute is as important as finding the right course. Why?? Because the right choice of the study course will decide one’s career path and the right choice of institute will decide how one walks on that career path. It might not have been that important to focus on the institute a few years ago, but in present time, it is a must and every student understands the importance of the institute. There are so many deciding factors to measure the effectiveness of the institute- The courses offered, the teaching staff, the modes and techniques of teaching, the syllabus of the courses, the reference material, the extra academic activities, the industry exposure opportunities, the practical implication opportunity of the theoretical teachings, the teacher student interaction and accessibility, the alumni sessions, the resources, the placement effectiveness, the urge to update the students with latest trends in the business world and last but not the least- the reputation of the institute in the corporate community. All these things contribute to the overall grooming of a professional passing out of any institute. The student does not become a professional merely with studying the books, but he evolves with the constant rigorous activities to shape up his mind, thought process and analytical abilities accordingly. Every year lakhs of students take entrance exams with a hope to secure admission to the best MBA in Delhi; because they understand that having MBA degree and having MBA degree from the best MBA are two very different things in practical. In Delhi, many management institutes quickly came up in last decade to cash the increasing demand for MBA courses. With fancy outlooks and superficial claims about being the best MBA in Delhi, they succeed in attracting students too; but one must be very careful and cautious in deciding for the most suitable institute. Apart from the courses available, one must look for the experience and qualification of the teaching staff, the facilities and activities mentioned in the curriculum, the placement history and if possible one must try to get some feedback from the alumni of that institute. International College of Financial Planning is among the pioneers offering best MBA in Delhi. Established since 2002, it has earned a great reputation among the financial planners on national as well as international grounds. ICFP offers its students a wide array of financial courses with varied duration to choose from. There are full time (two year) programs of MBA in Financial planning and MBA in Financial Analysis; one year post graduate diplomas, distance learning programs and special short duration programs for executive class as well. In addition, ICFP is also among the few education centers offering effective training for the international certification of financial planning (CFP) and chartered financial analysis (CFA®). It has a proven track record of success rate and students feel proud to be a part of this institute. International college of Financial Planning is playing a great role in providing best education to develop world class financial experts.

Become A Certified Financial Planner

Mon, 22 Dec 2014 06:57:35 +0000

Financial planners or advisors are the people who are serving the financial sector after completing the certified courses. After completing the professional courses that are certified in finance one can easily get jobs in the banking sector, investments, mutual funds and even a better position in an established organization. People getting registered and appearing the examinations will get the certificate once they earn minimum marks in every paper. The value of the course doubles when it is completed from prestigious and a recognized institution due to which one must never neglect while choosing the place to study.

Special course

CFP course is one specialized course in finance, which has an international recognition and it is offered by FPSB India. The interesting part of the course is that the certificate is valid throughout the globe and all the organizations accept it. Even they offer the job which is a better designation that is highly paid. There is a vital need for people who are with certified degrees as the financial and business issues are growing equally with the development. Candidates interested in serving financial field in a respective position can complete this widely recognized course and improve their standard.

Enrolling in the institutes that offers this course is possible if a student provides all the basic information along with the previous educational background. Only the one who offers all the details can easily get enrolled in the course.

People with a bachelor’s degree in finance background can easily get enrolled in these courses as these are the advanced concepts of finance and management. Along with this person who have some quality experience in the investment industry can get enrolled as gaining this certificate improves their designation at the workplace.

The curriculum of this particular course includes all the major topics that are much more essential in understanding and identifying the risks in the financial and investment field one can easily master them after completing the course.

Every student must have enough knowledge to face the real time issues and they will be trained properly during the duration of the course. They will get trained in handling the business issues and even will be developing the confidence levels to withstand the competition of the world.

CFP certification when completed from a reputed college will allow one to gain more along with knowledge as this certification course offers many advantages. There are several benefits one can gain from these certified courses and even they learn how to deal financial matters of various business organizations. To gain the entire advantages one must first pick the reputed college or B-school as they can get trained under the supervision of the expert teachers. Being the most demanded course a number of students tend to finish it and gain a smooth future in the financial field. Completing this globally recognized course is nothing but settling down as a financial planner who is capable of dealing with the entire complex as well as the minor financial issues arising in their work.

Get A Respective Designation By Completing The Course From A Prestigious Institution

Thu, 11 Dec 2014 11:54:44 +0000

Looking after financial transactions or handling any other critical financial issues in a business is not a very easy task and there is a need of a professional who can handle it. Hiring the qualified people who are certified in financial courses will support in offering perfect plans that play a vital role in improving your investments. Certified planners are much necessary in the modern world as only a trained person can consider various factors and help in coming out of the difficult financial crisis. For a person who likes to get settled as a certified financial planner must first complete the certification course in which they learn different aspects of financial services along with peculiar financial issues.

Few opportunities

After completing the CFP course every individual will become an eligible financial advisor and will be capable of grabbing countless opportunities. Apart from being a financial planner or an advisor people after completing this particular course can even work as a manager in any reputed insurance company or even in a recognized financial community. A qualified financial planner will assist the people in need and stand as an aid to their organizations. They can help a lot in managing the finances and provide the necessary tips in a client to reach his goal without any fail in analyzing it. Individuals can gain various benefits by hiring a financial advisor and in the same way a person who loves to have a busy future can complete the course and enjoy suggesting people. To remain a reputed and a successful planner or an advisor in the financial field in any corner of the world one can finish this certified course in finance.

Choose the apt place

Choosing the right place is much crucial to complete any course and get better placement. In order to enjoy a well built future one must first complete the certified courses in a reputed institute or university and offer quality standard of education.

Along with the academic course, one must learn all the practical techniques so that they can become a better analyst. Picking the certified and affiliated universities will always be an apt choice to complete any certification course or a degree.
See that you choose a college that offers the curriculum that develop the knowledge in the specific field. Every aspect of the syllabus is much important for a student and in order to learn more one must actively take part in all the segments that help in learning more.
Apart from the regular examinations one must attend a few workshops which are the places that can offer much knowledge. The right guidance and the efforts will improve the knowledge of the student and will never fail in offering a better designation.

The one interested to have a respective position in the world of fiancé must never neglect picking a reputed and a certified institute to complete his/her CFP certification course. A prestigious place will always support in offering a better place when accompanied by hard work and dedication of the candidate.

A few things to consider

Getting a respective designation or a better placement is only possible with a lot of hard work, dedication and most particularly when you complete it from a proper institute or college. While searching for a place to study never neglect a few crucial things that may have an effect on your career. In order to fulfill all your dreams in the real world picking a business school that offers the certification courses that can create a successful path in the field of finance is the only way. A finely established institute will always offer a great exposure to the students and provide a certificate that can allow them to reach their goals without difficulty.