FPSB Limited is the principal licensing body that awards CFPCM Certification in India through an agreement with FPSB Limited. CFPCM Certification is the highest level of Certification worldwide in the field of Financial Planning with over 100000 CFPCM Certificants and widely respected by consumers, professionals & industry. Education is an integral component of the CFPCM Certification Program and any candidate aspiring to become CFPCM Certificant has to register himself with any of the FPSB India's Authorized Education Providers. However, certain candidates having specified qualifications and work experience have an option of applying through Challenge Status pathway wherein they can challenge the CFPCM Certification Education Programme.
CFPCM Certification worldwide is awarded by FPSB Affiliates to competent & qualifying candidates fulfilling the 4 E Criteria of CFPCM Certification
4 E Criteria for Initial Certification
Education: A candidate must complete academic coverage of the Financial Planning curriculum by undergoing the 6 Module CFPCM Certification Education Program through an Authorized Education Provider and pass corresponding Exam 1-4 facilitated by NSE.However candidates applying through the Challenge Status Pathway are exempted from the Education Program considering their higher qualifications & work experience. Education criteria demonstrate to the public that the candidate has acquired the necessary knowledge to become a Financial Planner.
Examination: The CFPCM Certification Examination (also called Exam 5 based on Module VI-Advanced Financial Planning) is designed to assess the candidate's ability to apply Financial Planning knowledge to real-life Financial Planning situations. By passing the CFPCM Certification Examination, the candidate demonstrates to the public that he/she has the required level of competency to practice Financial Planning.
Experience: The experience requirement qualifies work experience that involves Personal Financial Planning. Candidates under the Regular Pathway may complete the experience criteria pre or post appearing Exam 5. However candidates under Challenge Status pathway need to have attained relevant experience before appearing Exam 5. The Experience criterion is designed to provide the public with the assurance that the candidate understands the counseling nature of personal Financial Planning.
Ethics: To get the CFPCM Certification, candidates after meeting Education, Examination & Experience criteria must agree to abide by FPSB India's Code of Ethics, Rules of Professional Conduct, Practice Standards & Disciplinary Rules & Procedures. Careful adherence to these standards of professional conduct helps turn initial consultations into trusted, long term consulting relationships with clients and gain public confidence in the Profession & Certification.
Once Certified, CFPCM Certificant must fulfill the Continuing Education (CE) requirement to stay current on Financial Planning strategies, products and trends affecting their clients. CE plays a vital role in the CFPCM Certificants pursuit of ongoing professional competence. This demonstrates to the public that the candidate has kept himself /herself abreast of developments in the Financial Planning field.
Authorization to use CFPCM Marks
A candidate fulfilling the rigorous initial & ongoing CFPCM Certification criteria and after paying the Annual CFPCM Certification Fees is authorized by FPSB India to use CFPCM, CERTIFIED FINANCIAL PLANNERCM & CFPCM flame logo collectively known as CFPCM Marks in his/her publishing material and communications. To maintain the legitimacy of use of CFPCM Marks FPSB India publishes the list of CFPCM Certificants on its Website Directory. Consumers are advised to cross-check the authenticity of the Financial Planner claiming to be a CFPCM Certificant by referring to FPSB India website directory.