Certified financial planning, CFP happens to be the course which is on a very great demand as a number of students love to have a very spectacular future in the field of finance. This certification course is specifically designed for the one who likes to become high business professionals and the one who is waiting for a career as a financial adviser.
Completing this course allows the person to get a better designation as a financial planner who can also become a member of a recognized planning board. cfpinstitutes.com provide the students what are the contents of the courses that are to be completed within the particular time period to gain the certification. After mastering all the theories every student needs to give an examination which makes him get the certificate in the financial planning. All the concepts that allow a person to complete the certified financial planning course at every module are listed below and you get the complete details of all the concepts and the idea of what a student needs to complete to achieve the certificate.
Know what you will learn in CFPCM Course
Pursuing all the modules in here successfully will become a golden opportunity for all the students and at the beginning, they need to learn the basics of the personal responsibility and the ethics of the financial planning which is required at every module of life. All the financial analysis and the evaluation along with the planning are taught at the first module of this education. Along with the liquidity management, cash flow, mortgages, repayments and all other interest rates and credit management are taught to every student from the basics. After completing the first module every person will be able to become a successful banker who can look after the loans and other credit management.
In the second module of this course, the student will be able to learn the basics of insurance which includes the
need and the purpose of it. All the risks and benefits involved in it are explained theoretically and very clearly with the help of a few concepts. The concepts in this module allow a person to know the type of insurance one requires and other benefits of the insurance required of the property or vehicles and many others.
The other two modules include the right way of investing and the plans of retirement and the pension plans. These include the risks involved in the markets and the right way to invest and draw back the amount. The various benefits of the pension schemes and the other that is very much necessary for a person to decide what is the perfect way to save money and enjoy the benefits.
The contents of the final module include the tax strategies and the other financial transactions including the savings and investments. Every student will be able to learn perfectly the nontaxable transactions and other contracts involving the financial transactions. Completing the certified planner course allows a person to become a well settled financial planner who can deal with any kind of a financial situation that arises.
CFP Modules in a Glance
CFP module 1 includes learning of Financial Planning Process and Management, General Principles and Behavioral Finance Financial Mathematics & Code of Ethics, Professional Responsibility, and Model Rule of Conduct, Regulatory Environment Related to Financial Planning.
CFP module 2 includes learning of risk analysis and insurance planning, which clarify concepts of insurance and risk management, insurance contract and legal liability, life insurance-analysis of life cover, strategies, and products, general insurance(property, health, and liability insurance) and regulatory framework of insurance.
CFP module 3 includes learning of retirement planning & employee benefits which describe employee benefits and superannuation benefits life cycle analysis, retirement needs and factors in planning, creation, and sustenance of retirement fund-risk profiling, strategies adopted and modified through life stages, provident fund and pension schemes, pension sector reforms and regulatory framework of retirement solutions.
Investment planning in CFP module 4 precisely describes investment products universe and its applications, risk profiling of products and investors-asset allocation determination, goal-based investment planning, investment strategies and portfolio management and investment products and investment advisory.
Tax Planning and Estate Planning in CFP module 5 focus on Indian tax system and direct taxes, personal taxation and business taxation, taxation of various financial products and transactions, estate planning process strategies and taxation aspects and vehicles of estate planning.
Advanced Financial Planning in CFP module 6 includes financial Planning Process, Practice Standards and Professional Responsibility, Risk Analysis and Insurance Planning, Retirement Planning and Employee Benefits, investment Planning & Tax Planning and Estate Planning.