CFP Syllabus

Syllabus


The CFP Course curriculum, prescribed by FPSB consists of six modules:
Module 1: Introduction to Financial Planning–

This module of CFP Course is comprehensive and offers a complete overview of the financial planning process. It focuses on a globally accepted six-step financial planning process: general principles of cash-flow planning, budgeting, legal aspects of financial planning and acquaints the students with concepts of risk analysis, investments, insurance, retirement solutions, tax and estate planning, which are covered in greater detail in the subsequent five modules.The career in CFP Course has emerged as the flavor of the season.

Module 2: Risk Analysis & Insurance Planning–

Second module of CFP Course examines the principles of Risk Analysis & Insurance Planning to identify a client’s risk exposure and accordingly select appropriate risk analysis techniques. This CFP course module reviews basic insurance products, pertaining to both general and life insurance; analyzes various insurance needs, such as medical, disability, life and general insurance and finally determines the type and amount of insurance best suited to the client’s situation and needs.CFP course gives knowledge and expertise to handle all the financial aspects.

Module 3: Retirement Planning & Employee Benefits–

This CFP Course module assesses the significance of retirement planning, teaches analysis techniques, review of employee benefits (such as EPF, PPF, Superannuation Fund etc.) and the process to be adopted while developing a retirement plan. It focuses on imparting students’ appropriate skills, enabling them to identify retirement needs of the client and recommend appropriate retirement solutions for a happy and tension-free retired life.

Module 4: Investment Planning–

Fourth module of CFP course trains students in understanding the client’s investment needs and risk appetite and providing suitable solutions aimed at wealth creation. It reviews all categories of investments, client evaluation methods, and economic factors, risk and return analysis, security valuation techniques, asset allocation procedures and portfolio performance assessment. Various techniques and concepts used in portfolio construction and management are also examined.

Module 5: Tax & Estate Planning–

This module of CFP course aims to enhance the student’s knowledge in the realm of personal taxation and tax planning, by providing a synopsis of the key tax components. Estate planning sub-module introduces the student to the process of developing an estate plan to facilitate intergenerational wealth transfer. It includesassessment of wills, gift deeds, power of attorneys and various succession laws.

Module 6: Advanced Financial Planning–

The final module of CFP Course builds upon the knowledge gained in the previous modules and incorporates all aspects of personal finance that are vital for developing a comprehensive financial plan. Students are taught the steps necessary for collecting and evaluating client data, developing, recommending and executing appropriate strategies and also important aspects related to ongoing monitoring and evaluation of financial plans. Review of the legal, ethical and regulatory issues affecting financial planners is also covered.

Accredition by IRDA : On successful completion of Module 2 (Risk analysis and insurance planning), a CFP^CM programme student gets a designation AFP Insurance Planning. IRDA (Insurance Regulatory & Development Authority) has given exemption from 50 hours training. In addition relaxation of 50 hours training in Insurance Brokers Program is also provided to the designation holders.


back