We are at a crucial juncture as a Market. It wouldn’t be exaggerating to state that the next decade belongs to India terms of being the most exciting Market to invest. With the amount of money coming in, there is going to be a lot of importance on compliance associated with advisory. The retail investors are beginning to understand the importance of investing in structured financial products than merely locking them up in gold or real estate assets. Even on the socially acceptable asset classes like Gold & Real Estate there are investing vehicles like Gold ETF/ SGB/ Gold Mutual Funds/ REIT (Real Estate Investment Trust) to service the needs of investors.
Some mind-boggling statistics at this point in time, the MF AUM is in excess of 70 Lakhs crores as of end May 2025. We do not have sufficient qualified advisors servicing this quantum of money. We have a great deal of participation in high ticket size products like Portfolio Management Services (PMS) & Alternative Investment Funds (AIF). To fulfil the aspirations of a medium sized clients, SEBI has come out with the product like Specialised Investment Funds (SIF) which has 10 lakhs of investing requirement.
With all this in background, why is this not a sweet spot to take up CFP at this point in your financial career,
- The focus on certified advisory is going to increase multi-fold. Recently the largest Bank in India has signed MOU with FPSB India to certify about 2.65 Lakhs Employees of their Wealth Management team.
- Independent of your employment nature in the Wealth Management space, it does create a tremendous differentiation to be CFP certified. This comes with the background that CFP is the Gold standard course recognised in 27 different countries.
- The Client First approach is the Need of the hour with multiple products flowing into the mark. Mis-selling would be at its peak during such times, only a certified professional can act on client first approach to help choose investors what is right for them.
- The Fee only space or being a MFD with CFP certification will enable you to provide service of the highest quality.
If someone were to ask themselves, what would be the key highlights of completing CFP, then the list is below
- Understanding Risk profiling of your clients.
- Understanding Asset Allocation is secret recipe of successful portfolio
- Understanding goal-based planning
- Understanding Asset Rebalancing with the context of Risk & Market cycles
- Understanding importance of factors like inflation to aid well structured Retirement (Long Term) Financial planning.
To put in a nutshell, if not now then when is the question in front of all us who are in Wealth Management space !!!!!!!!
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