Journal of Financial Planning in India

FPSB Ltd. is pleased to present the first edition of the Journal of Financial Planning in India! In this edition, CFPCM professionals will find a collection of insightful articles authored by industry experts and academics within FPSB Ltd.’s global network. We understand that continuing professional development (CPD) is of great importance to you as you seek to enhance your skills and retain your CFP certification. So, we’ve built in a CPD quiz that provides four CPD points for CFP certification renewal. We hope this journal and future editions will become a staple in furthering your professional development and connecting you to the global financial planning profession.

 

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FPSB Ltd. Guidance Practice Note

This Guidance Practice Note, published by FPSB Ltd. seeks to enhance CFP professionals' understanding of the various issues related to advising vulnerable clients, and provide general guidance for how CFP Professionals can develop policies and work with vulnerable clients in a way that fulfils their ethical and professional obligations to these clients.

Once you have read the Guidance Practice Note, click on the survey link to test your knowledge and earn 1.5 CPD points. The quiz can be taken twice

Read the FPSB Ltd. Guidance Practice Note

Take the Survey Quiz

Network FP National Conference
Network FP National Conference
Jan 28-31, Mumbai

Individual sessions at the Network FP National Conference will be eligible for Continuing Professional Development (CPD) points. Please click the button below to verify CPD eligibility.

Additional CPD opportunities are available for Network FP ProMembers, as listed on their internal site.

FPSB Ltd. Webinars

Each of these webinars provides an in-depth look at various key topics benefiting CERTIFIED FINANCIAL PLANNERCM professionals. Once you have watched a webinar, click on the corresponding survey link to test your knowledge and earn continuing professional development (CPD) points. Each quiz can be taken twice. 1 CPD point will be earned for each quiz passed.

To be eligible to receive CPD credit for the Journal of Financial Planning in India (published semiannually) and webinars below, you must purchase a subscription.

Putting Principles into Practice: Client First
Presenter: Ted Stephenson, CFP
Length/# of CPD credits: 1 hour/1 CPD point
Objectives:

In this course, you’ll learn how to put ethical standards into practice with various case studies. *This course is eligible for meeting the Ethics CPD requirement.

Take the Survey Quiz
Later in Life Planning
Presenter: Dr. Megan McCoy, LMFT & Shelitha Smodic, CFP
Length/# of CPD credits: 40 minutes/.5 CPD points
Objectives:

In this course, you’ll learn various tactics to use when faced with planning for later in life circumstances.

Take the Survey Quiz
Inheritance Management
Presenter: Sonam Bhagat, CFP
Length/# of CPD credits: 1 hour/1 CPD point
Objectives:

In this course, you’ll learn about Estate Planning in India and valuable information on how to discuss this topic with your clients.

Take the Survey Quiz
Essential Habits of Trusted Advisors
Presenter: Anton Swanepoel, CFP
Length/# of CPD credits: 1 hour/1 CPD point
Objectives:

In this course, you’ll learn about Stephen Covey’s acclaimed book, The Speed of Trust, and practical guidelines for improving your trust-building skills.

Take the Survey Quiz
List of Activities and Programs* Admissible for Award of Continuing Professional Development (CPD) Points for Renewal of CFPCM Certification

* This information is valid through 31 March 2020 and is subject to change in the future

Sr.No. CPD Category CPD Program/Activity CPD Points Admissible Validity of Program/ Activity Remarks Relevant Documents Admissible
1 Authorship Authorship of book on finance or any component of financial planning** 10 Ongoing Book to be completed in the validity period of 1 year Soft/hard copy link of book
Authorship of articles in print/electronic media/Journal of Financial Planning in India 5 Ongoing Published date of the article to be in the validity period of 1 year Soft/hard copy link of article
Published interview in print media or interview/panel discussion in electronic media 5 31-Mar-20 Published date/ telecast date to be in the validity period of 1 year Soft/hard copy link of interview
Published quotes in print media or viewpoint/bite in electronic media (per article or appearance) 2 31-Mar-20 Published date/telecast date to be in the validity period of 1 year Soft/hard copy link of article
2 Qualification Professional courses and certifications (Actuary, CA, CFA, CAIIB, JAIIB, ICWA, CS) 10 Ongoing Date of completion to be in the validity period of 1 year Photocopy of passing certificate/degree
Higher academic qualifications (post-graduate or doctorate in finance, economics, econometrics, mathematics/statistics, law) 10 Ongoing Date of completion to be in the validity period of 1 year Photocopy of passing certificate/degree
Licentiate/associate/fellowship of life insurance from Insurance Institute of India 5 Ongoing Date of completion to be in the validity period of 1 year Photocopy of passing certificate/degree
MBA (finance ? part-time)/ (except finance ? full-time) 5 Ongoing Date of completion to be in the validity period of 1 year Photocopy of passing certificate/degree
3 Certification/? Courses Mandatory certifications (NISM-MF, IRDA), other

 

relevant courses of NCFM, BSE, IIBF, NISM, etc.

2 31-Mar-20 Date of completion to be in the validity period of 1 year Photocopy of passing certificate
Aspiration relevant courses of at least 1-year duration run by professional education entities 10 Ongoing Date of completion to be in the validity period of 1 year Photocopy of passing certificate/degree
LOMA certification 5 Ongoing Date of completion to be in the validity period of 1 year Photocopy of passing certificate/degree
4 Events/ Meetings Events, seminars, roundtable/ conference, Financial Planning Congress, etc. and workshops organized and/or pre-approved by FPSB Ltd. or FPCIL 5 Ongoing Date of event to be in the validity period of 1 year Participation certificate/attendance sheet and event agenda
Other events related to one of the financial planning components** or other relevant matters on economy and finance 2 31-Mar-20 Date of event to be in the validity period of 1 year Participation certificate/attendance sheet and event agenda
Financial Planning Association?s (FPA) annual convention in the U.S. 10 Ongoing Starting Date of convention to be in the validity period of 1 year Participation certificate/attendance sheet and event agenda
Meetings of the Board of FPSB India and appointed committees prior to 1 April 2019 transition to FPSB Ltd. 3 Ongoing Date of meeting to be in the validity period of 1 year Participation certificate/attendance sheet and event agenda
Board meetings of entities in the BFSI sector 3 Ongoing Date of meeting to be in the validity period of 1 quarter Participation certificate/attendance sheet and event agenda
5 Quiz Quiz in the?Journal of Financial Planning in India?or solving queries in newspapers/other journals 4 Ongoing Month of Journal/quiz to be in the validity period of 1 quarter Result sheet
6 Teaching Training and teaching assignments other than performed/undertaken as part of profession (workshops, institutes, classroom teaching, etc.) (Full-day assignment) 5 31-Mar-20 Sessions to be in the validity period of 1 quarter Acknowledgment letter from the college/institute mentioning the date, topic and number of hours of lecture/training/workshop
7 Speakership Speakership in a seminar, convention, conference, etc. 3 31-Mar-20 Date of event to be in the validity period of 1 quarter Acknowledgment letter from the college/institute mentioning the date, topic and number of hours of lecture/training/workshop
8 Pro bono

 

work

Pro bono work which can be classified as voluntary contribution to the community helping the deprived people with transfer of knowledge of managing one?s financial affairs in a holistic manner of financial planning. 3 Ongoing The construction and submission of the financial plan has to be in the applicable period for the award of CPD points Copy of the financial plan in case of pro bono work
9 Other Participation in TV shows/ interviews 2 31-Mar-20 Date of show to be in the validity period of 1 quarter Participation certificate/attendance sheet and event agenda/event schedule
Answering questions/queries in newspapers/magazines 2 31-Mar-20 Date to be in the validity period of 1 quarter Participation certificate/ attendance sheet and event agenda/event schedule

 

** Components of financial planning: financial management, asset management, risk management or insurance planning, tax planning, retirement planning and estate planning

Important Points

  • The requirement of acquiring 15 CPD points is immediately after the issue of initial certification and falls due when the CFP professional renews his/her certification at annual intervals.
  • The CPD points are to be acquired in the certification period and any excess points are not to be carried forward in the next certification period.
  • The failure to renew on the due date, apart from a late renewal penalty, requires the earning of extra CPD points (if beyond 6 months of due date of renewal).
  • Failure to fulfill the continuing professional development criterion within the prescribed period will result in non-renewal of CFP certification and will also preclude any use of the CFP marks by the CFP professional.
  • Unsupported, misstated or fraudulent reporting of CPD points shall be viewed seriously and may call for action by FPSB Ltd. and be grounds for disciplinary action leading to the revocation of CFP certification.