General information about the CFPCM certification program

What does it mean that the CFPCM certification program in India has transitioned to FPSB Ltd.?

Effective 1 April 2019, the CFP certification program in India is directly administered by U.S.-based Financial Planning Standards Board Ltd.(FPSB Ltd.), owner of the international CERTIFIED FINANCIAL PLANNERCM certification program outside the United States. FPSB Ltd. is the sole entity in India with authority to:

  • Authorize education providers to offer CFP education courses;
  • Authorize a CFP certification exam administrator in India; and
  • Award CFP certification to those who successfully complete CFP education, CFP exam and other CFP certification requirements.

Will my accreditation through SEBI/NISM be impacted as a result of this transition?

The National Institute of Securities Markets (NISM) has accredited FPSB Ltd.’s CERTIFIED FINANCIAL PLANNER certification in India. The accreditation is valid until 4 September 2020, after which the accreditation is eligible to be renewed for two more years, subject to program monitoring and approval by NISM. With the accreditation, CERTIFIED FINANCIAL PLANNER professionals in India offering investment advice are eligible to register as Investment Advisors under Securities and Exchange Board of India regulations. To find our listing on the NISM website, click here.

Information for current CFPCM professionals

How do I submit my continuing professional development (CPD) points to FPSB Ltd.?

You can access your account via the Online Certification Management System (OCMS) portal to update the system with recently completed continuing professional development (CPD) points. FPSB Ltd. is also working with several CPD/conference providers in India to streamline the CPD reporting process and will provide an update later in the year. For more information on the activities and programs admissible for CPD points, click here.

When will the next Financial Planning Journal be available? How will it be delivered?

FPSB Ltd. is pleased to present the Journal of Financial Planning in India! In this edition, CFP 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.

Is it possible to transfer my CFP certification to a different territory?

Yes. When a CFP professional wants to practice financial planning using the CFP marks in more than one territory, the CFP professional must become certified to use the CFP marks in each territory where the CFP professional intends to practice. If a practitioner becomes certified in more than one territory, he or she must abide by the certification renewal requirements of the FPSB affiliate organization in each territory, and will also be subject to oversight by the FPSB affiliate organization in each territory.

For more information on requirements in a specific territory, please refer to that territory’s specific website. For a list of FPSB affiliate organizations, please see https://www.fpsb.org/about/member-organizations/.

How can I apply for CFP certification?

Step 1. A candidate can apply for the initial CFP certification only after successfully clearing Exam 5 and having required work experience (refer the experience criteria here – https://india.fpsb.org/experience/).

Step 2. Having met the criteria in Step 1, duly fill the CFP certification application form –https://india.fpsb.org/new-cfp-form/ and upload the required documents as mentioned in the application form.

Step 3. FPSB Ltd will verify the uploaded documents. (This may take 10-15 working days).

Step 4. Once the documents are in order, a payment link will be sent to the candidate on their registered email id for payment of fees of $100.

Step 5. Once the candidate makes the payment and it is verified by FPSB Ltd., the candidate will receive a digital copy of the CFP certificate on their registered email id.

Refer the CFP mark usage policy – https://india.fpsb.org/cfp-marks-use/

Updated program launched 1 June 2020 – information about the updated program

How will the updated program be different from the former program?

FPSB Ltd. will continue to administer the CERTIFIED FINANCIAL PLANNER certification. The education and exam topics for CFP certification have been reconfigured from the former program’s five-exam structure into a new four-exam structure. FPSB Ltd. will provide learning materials, including sample questions, Powerpoints and textbooks to support the study process. The four education and exam topics are outlined below according to how they will be grouped on the exam.

  • Personal financial management; investment planning and asset management; regulatory environment, law and compliance. (Educational materials available now, enroll at https://india.fpsb.org/students/.)
  • Retirement and tax planning and optimization. (Educational materials available August 2020.)
  • Risk and estate planning. (Educational materials available September 2020.)
  • Integrated financial planning: This education and exam integrates all three above-mentioned education areas to provide comprehensive financial planning. Successfully passing the exams of all three above topics is a prerequisite to enroll in the final education topic of integrated financial planning. (Educational materials available October 2020)

Are there pathway certifications like the AFP?

FPSB Ltd. no longer offers AFP certification in India. Instead, FPSB Ltd. offers the opportunity for voluntary certifications on the learning path to CFP certification, aligned with the education topics. Information on each certification is below.

How do I get started?

Students can enroll at https://india.fpsb.org/students/.

For more information please view the following enrollment videos:

When will the former program end?

The last day to enroll for the former program was 31 May 2020. Coursework and all exams for the former program must be completed no later than 31 March 2021. Experience must be completed within five years of successfully passing your first exam.

Students (Former Program) – information for students interested in the former program through 31 May 2020

Will NSE exams be impacted by the COVID-19 virus?

NSE Academy has announced that all examination centers are closed through 31 July 2020. Students who are scheduled to take an exam through 31 July 2020 may re-schedule his/her test(s) till test date 31 August 2020.

FPSB Ltd.’s CFP certification exams shall not be available for payments and enrollments on the NCFM online portal until 31 July 2020. We have taken this step to make sure that when exams open those whose examinations were cancelled have the ability to reschedule and that we can appropriately manage the backlog and to minimize the number of candidates who have to manually reschedule exams. We will continue to assess the situation and make changes as appropriate, but in the meantime, please feel free to contact FPSB Ltd. with any questions or concerns.

FPSB Ltd. will extend student registrations by 90 days, up to 31 March 2021, to ensure students have time to sit for exams.  Additional updates will be posted to india.fpsb.org/news-and-events and our social channels (Facebook, Twitter and LinkedIn) as we are informed of further changes.

Is my Education Provider authorized with FPSB Ltd.?

FPSB Ltd. has entered into agreements with several Authorized Education Providers to provide financial planning education courses that fulfill the education requirement of FPSB Ltd.’s CFP certification program in India, as well as prepare individuals to sit for CFP exams (administered by NSE Academy in India).

What is the student registration process under FPSB Ltd.?

Registration for the Legacy Program is now closed. The last day to enroll for the former program was 31 May 2020. Coursework and all exams for the former program must be completed no later than 31 March 2021. Experience must be completed within five years of successfully passing your first exam.

For any queries related to the Registration process / Form filling / Document submission / Payment issues /modules not visible on NSE portal please contact 9833782677 or email on [email protected].

Can I register for a CFP exam now?

Yes, CFP exams are now available through the NSE exam portal. Individuals who are verified by FPSB Ltd. as being students, can register for one or more CFP exams until 31 March 2021.

How can I register for the CFP exam?

Step 1. Login to NCFM using your NCFM username and password on the below mentioned website: https://www.ncfm-india.com/ORE/OREloginPage.jsp

Upload photograph on the NCFM registration form, if not already done. Come to step 2 if already done.

Step 2  Check seat availability for the CFP Exams at your preferred #NSE IT Test Centre by clicking ‘Check Seat Availability’ tab.
Subsequently, follow either Step 3A OR Step 3B as below:

Step 3A. If the preferred centre and date is available, schedule your examination online by clicking the ‘Pay Fees’ tab; select the mode of payment (Debit Card/Credit Card), select your preference for the name of the Exam, date, time, venue from the drop down list, and submit the payment directly to NSE on the online platform. Hall Ticket is generated after the payment has been done.

Note: Under the Tab ‘Query/Report (Certificate/Hall Ticket/Invoices)’ students have access to view their Hall Ticket, Previous Test Scores, Current A/C Balance and Payment Invoice.

Step 3B. In case the student has sufficient money parked in his/her NCFM account he/she may directly go to the option ‘Book your seat’ and schedule the examination.

Note: Students of regular pathway can schedule Exam 1 – 4 in any sequence; the student can schedule Exam 5 only after successfully passing all the four exams. Students of Challenge status pathway will skip Exams 1 – 4 and directly book Exam 5.

After enrolling for the exam, the student will receive email and SMS alert from NSE on his/her registered email ID and mobile number confirming his/her Examination details.

It is compulsory to carry the photo ID to the examination centre.

Name of Examinations

1. Risk Analysis & Insurance Planning (Exam 1)
2. Retirement Planning & Employee Benefits (Exam 2)
3. Investment Planning (Exam 3)
4. Tax Planning & Estate Planning (Exam 4)
5. Examination 5 – Advanced Financial Planning

Note:
#List of NSE IT Test Centres can be accessed at:
 https://www.nseindia.com/content/ncfm/ncfm_testlocations.pdf

How long are exams valid?

Exams are valid for 5 years. All exams must be passed within the prior 5 years to be considered for CFP Certification.

Will the cost of the education courses change in India?

FPSB Ltd. does not set the pricing or fees for education courses in India. Each Authorized Education Provider establishes its own course cost and pricing.

Will the cost of the CFP exams change in India?

Until 31 March 2021, the fees for CFP exams (1 – 5) in India will remain the same as they were over the past year.

Will the cost of the CFP certification change in India?

Until 30 Sept 2020, the basic renewal fee for CFP certification in India will be US $100, After 30 Sept 2020 CFP certification fees will be US $120 (which includes access to all FPSB Ltd. CPD).

Does FPSB Ltd. provide AFP (Associate Financial Planner) certification?

FPSB Ltd. does not offer AFP certification any longer.

Digital Badging – Showcase your expertise with your digital credentials

What is a digital credential?

In 2019, FPSB Ltd. began issuing new digital credentials to all current CFPCM professionals in India. Consisting of a digital certificate and a digital badge, FSPB Ltd.’s online credentialing system will replace the paper certificates issued to you in the past. However, should you wish to print and frame your certificate from FSPB Ltd., you will have an option to do so.

Your digital credential for CFP certification, which is blockchain-verified to help prevent fraud, will allow people to securely and easily verify your CFP certification status across all types of online platforms, including your email signature, website, blog, LinkedIn profile and other social media accounts. FPSB Ltd. is pleased to offer this technology to CFP professionals in India, and will provide additional information on how to leverage these digital credentials to highlight your achievements as a CFP professional at the time of delivery.

How do I use my digital credential?

You can watch this video to see how to get the most out of your digital credential through printing, sharing and embedding.

What are the benefits of digital badging?

Always Accessible – Never worry about losing your certificate; your credential will always be present at its web address.
Easily Shareable – You want to share your achievement. Digital credentials let you showcase your achievement on Facebook, Twitter and LinkedIn.
Control Your Privacy – Take advantage of searchability and have your achievement be discoverable on search engines, or set it to private and share with only selected people. How and when you share your credential is up to you.
Print at Any Time – Easily print a high-quality PDF of your certificate, whenever you’d like.
Learning, Verified. – Your achievement can be verified at any time. Your certification(s) on LinkedIn can be linked to your live credential so anyone, anywhere can see what you have achieved.

How do I share my digital credential?

    • You can share your digital credential in many ways online. Here are just a few ways: