| Question: |
How do I get certified as a CFP CM Professional? |
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| Answer : |
To get certified as a CFPCM Professional - 2 ways |
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Education Provider Path way |
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- Enrol with GSFP, FPSB India's Authorized Education Provider
- Complete six Modules of education
- Pass 5 Module Examinations
- Have at least 3 years of relevant working experience***
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The relevant work experience may be secured before you commence your course; or while you are in the course; or after the course. Having fulfilled the education, examinations and experience requirements, you would then receive a Declaration Packet. It will contain an ethics statement form and a license application. You will be required to disclose past or pending litigation or agency proceedings, if any. An acknowledgement of the Right of FPSB India to enforce its Rules of Professional Standards and Code of Ethics on you must also be made. Having done all of the above, the final step would be for you to convert your Student Membership into a Full Membership status. This would require you to pay an initial Membership Fee and an Annual Subscription Fee of INR 5000.00 to FPSB India before the CFPCM mark is conferred. There will be no pro-rated refund on the Student Membership Fee paid. |
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Challenge Status Path way |
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- To meet eligibility criteria click here
- Register as a Student with FPSB India
- Complete 2 examinations: Stage I & Stage II
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Having fulfilled the education, examination and experience requirements, you would then receive a Declaration Packet. It will contain an ethics statement form and a license application. You will be required to disclose past or pending litigation or agency proceedings, if any. An acknowledgement of the Right of FPSB India to enforce its Rules of Professional Standards and Code of Ethics on you must also be made. Having done all of the above, the final step would be for you to convert your Student Membership into a Full Membership status. This would require you to pay an initial Membership Fee and an Annual Subscription Fee of INR 5000.00 to FPSB India before the CFPCM mark is conferred. There will be no pro-rated refund on the Student Membership Fee paid. |
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| Question: |
What are the costs involved to do CFPCM Certification Program? |
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Education Providers Path way - Fee payable to FPSB India |
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- Student Registration Fee – Rs. 5000/- only, valid for 1 year
- Fresh Examination Fee 1, 2, 3, 4 – Rs. 1000/- only, for each exam
- Re – Examination Fee 1, 2, 3 & 4 – Rs. 1250/- only, for each exam
- Fresh/ Re-examination 5 – Rs. 5000/-only
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Fees payable to Education Provider: For details kindly click here |
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Challenge Status Path way- Fee payable to FPSB India |
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Rs. 20, 000/- only - the Fee shall include Program Membership Fee, CFPCM Certification Examination Fee & Basic Study Material for the Program. Re-Examination Fee is Rs. 5,000/- only. |
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| Question: |
How long does it take to become a CFPCM Professional? |
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EP Pathway – Minimum 8 months provided the student meets other criteria related to Education, Experience and Documentation
Challenge Status Path way – Minimum 1 month. |
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| Question: |
Is the CFPCM Certification Program practical or theoretical in nature? |
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The CFPCM Certification Program is focused on both practical and theoretical aspects of Financial Planning. |
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| Question: |
What is the duration of each examination & how many times the examinations are conducted in a year ? |
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Examination 1 2, 3 4 are of 2 hours each (conducted online) & Examination 5 is of 4 hours duration (conducted offline) . These examinations are conducted 6 times a year. To know more about examination schedule click here |
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| Question: |
What are the pass marks? |
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A candidate who scores 50% or more will pass the examination and anyone who scores below 50% (exclusive) will fail the examination. |
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| Question: |
What are the requirements related to Experience and Ethics? |
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Experience requirement centers on work that involves individual personal financial planning related experience. The minimum requirement is 3 years, performed before, during or after successful completion of the course. Ethics is the last part of the 4E's. On completion of the Education, Examination and Experience requirement, you will receive a Declaration Packet. In it will be an ethics statement form and a license application. You will be required to disclose past or pending litigation or agency proceedings, if any. An acknowledgement of the Right of FPSB to enforce its Rules of Professional Conduct and Code of Ethics on you must also be made. |
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| Question: |
What is a Challenge Status Program? |
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Challenge status is given to certain equivalently qualified candidates. To find out more about Challenge Status - click here |
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| Question: |
If I fail, will there be a supplementary examination of the same module? |
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No. There will be no supplementary examination. You will have to re-register for that particular examination. |
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| Question: |
What's the work experience requirement for getting the CFPCM Certification? |
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Sr. No. |
Qualification |
Work Experience in Financial Sector |
1 |
12th pass OR equivalent from recognized Board/university |
6 years |
2 |
Graduation |
3 years |
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