Career in financial planning

June 9, 2010
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Is there a market for financial planning -The Indian economy is growing at a breath-taking speed of 15.9% p.a. compared to global average of 5.2% during 2000 to 2005. -In absolute numbers the economy has grown from US $ 268 billion in 2000 to US $ 559 billion in 2005 -The incremental wealth is reflected in the number of home-grown millionaires (US $ terms) in India, which presently stands around 83000 and is still growing at a rate of 15% every year. -To sustain the growth, we need qualified Financial Planners who will not only help people to manage and grow their money but also play a major role in allocating household surpluses to fuel the growth. A financial planner offers his Financial planning services, which ranges from - - Budgeting and Debt Management - To stocks and annuities - To insurance, employee benefits, and tax planning - To retirement and estate planning and is primarily directed for individuals Financial planners would be required in the following industries - Bank Asset Management Co.s - Financial Planning Institutions - Wealth Management Firm - Life Insurance Companies - Accounting Firms - Stock Broking Firms etc Certified Financial Planner is the certification by FPSB in India, to be qualified Financial Planner It is awarded by Financial Planning Standard Board,US through FPSB,INDIA -It is the most prestigious and internationally accepted Financial Planning qualification recognized and respected by the global financial community. -It has Recognition in more than 23 countries across the world. -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 -According to a recent report, there will be a need for 50,000 CFPs in India in the next few years. -Currently India has around 900+ CFPs.


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