Future prospects of financial planner

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

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