You can help your client sift through these ever increasing and complex choices. You can grow wealth for your clients and for you by building expertise within the financial planning process. IMS Proschool has trained over 6,000 business practitioners and emerged as the greatest preferred learning providers for financial planning. With the greatest learn material, quality training and flexible training choices we are greatest placed to help you get qualified in Financial Planning. Benefits of Financial Planning Learning Financial Planning learning imparts the requisite knowledge and skill-set, that enables you to give quality advice to your client on a consistent basis and make wealth for your client's within the long run.
You should have knowledge of the tax benefit opportunities for your client based on his residential status Like a financial advisor you can have knowledge of how the tax liability of your client, who wants to leave abroad for job requirement, should change if he travels prior to or subsequent to 29 September in any year. If he travels prior to the spoke about date he should grow to NRI for tax purpose for the relevant AY and should not pay taxes on the income earned abroad. And in case he travels subsequent to the spoke about date he need not pay tax on the income earned in South asia and abroad. Tax planning involves utilizing exemptions, deductions, rebates and relief's provided within the Income tax Act. You should have knowledge of the advantage of paying the EMI in beginning regarding the month viz a viz end regarding the month You can keep lot of money for your client by a simple advice to pay EMI for a housing loan within the beginning regarding the month.
Think about a Housing loan of 30 lakhs for 20 years at 11 %, whether you decide to pay EMI at the end regarding the month you should pay 67000 more that is over 3 % of your loan amount! Time price of money concepts in financial planning helps you to analyze and compare different cash flows and decide the greatest beneficial set of cash flows to pay or receive. You can be can calculate the exact retirement corpus that one should need for peaceful retirement. Let us take a case of an lone who has expenses of 4 lakh per annum today, he should need a retirement corpus of 1. 70 crore assuming inflation of six % and rate of return of 9 %. Retirement planning assumes importance due to the fact that of people's inability to earn in sunset years, inflation and lack of corporate security.
Financial planning helps you work out how many to invest for your sunset years to be truly blissful. Client's look for growing their net worth every year, your advice should enable them to enhance their net worth year on year. With Personal Financial Planning tools like - Discipline, Diversification and Investments in accordance with clients risk appetite you can make sure that your clients growth in net worth year subsequent to year and extremely satisfied clients. You can be can analyze and rank the Top 10 mutual funds out regarding the 1500+ schemes available? Most people select MF funds on the basis of past Month or year's performance. Chasing recent performance should prove tricky due to the fact that it should be an aberration.
Financial Planning emphasizes to track investments like Mutual funds over six or 7 or 10 years along with Fund managers expertise, skills development and his association with the fund. Distant one wants to confirm out if the objective and investment strategy regarding the fund matches the investor needs. Other parameters like expense ratio, turnover ratio and trategy regarding the fund matches the investor needs. Other parameters like expense ratio, turnover ratio and standard deviation also wants to be considered. Insurance is should and a compulsory expense not an investment or Tax saving instrument as projected.
With Financial Planning, you can be can help your client reduce his insurance expenses and at similar time enable him to close all the risks. Insurance is the greatest misunderstood concept. It is looked upon like a tax saving or an investment tool. Insurance is an economic tool to transfer the risk. Receiving Life Close higher than wanted is a waste of precious resource and underinsurance should place the family of deceased to hardship.
Distant it wants to be assessed if insurance is compulsory for property and amp; other valuables and professional negligence. Financial planning teaches you How to system for your client's insurance requirement. Financial Planning shall enable you to make appropriate investment decisions for your client. If your client looses his sleep over investment decisions, there was a misinterpretation of your client's risk receiving ability. Financial Planning lays a tough emphasis on appropriate risk profiling.
It involves most quantitative and qualitative analysis for prior to zeroing on a clients risk profile. One lone solutions to all your clients is a disaster. Financial Planning equips you in providing different solutions to different client based on his need. Have you been trying to sell Mutual Funds or Insurance products to all your client's - be it someone who is young and just started his career or middle aged person who has worked for ample years or an lone who is retired?Well if so, you should have had little sales conversion and dissatisfied clients. There is a should shift focus from product sales to a solution provider.
You own to understand the financial goals regarding the client and work towards achievement regarding similar through a financial plan. Enables you to face the challenge of ever demanding clients. Client's this day have ready access to facts on financial products and amp; services via different sources media, television, web and amp; print. The awareness position of investors is increasing with respect to the working and benefits regarding the different products and amp; services available within the market. That is why it is becoming increasingly difficult to practice on only commission model.
Financial planning widens your scope of services and enhances your knowledge and skill set enabling you to switch to a commission + fee or pure fee model. In this model, financial planning becomes the core of advisory services and products grow to the means to achieve the plan. Increase your clientele - how many of your clients have recommended your service to their colleagues and family? If a client recommends you to others, it speaks of your quality of advice and the relationship you share with your clients. But if they don't, you own to do a bit of self introspection and figure out where are you lacking? trategy regarding the fund matches the investor needs. Other parameters like expense ratio, turnover ratio and standard deviation also wants to be considered.
Requirements for CFPCM Certification There exists 3 ways to obtain CFPCM Certification: 1. Challenge Status for professionals Most want candidates to fulfill sure criteria for acquiring CFPCM Certification. Requirements for Standard method 1. Education: Candidate should be atleast a 12th Std Pass or Equivalent. The candidate should undergo the training program with FPSB India's approved Learning Providers.
Learning criterion demonstrates to the public that the candidate has acquired the compulsory knowledge to grow to a Financial Planner. Examination: The candidate has to pass the CFPCM certification exam i. he has to clean all the 5 papers viz. Risk Management and amp; Insurance Planning, Retirement Planning and amp; Employee Benefits, Investment Planning, Tax Planning and amp; Estate Planning and Advanced Financial Planning. By passing the CFPCM Certification Examination, the candidate demonstrates to the public that he or she has the compulsory position of competency to practice Financial Planning.
Experience: The skills development criterion builds confidence in public that the candidate understands the counseling nature of personal financial planning. The candidate has to done 4 years of work skills development neither pre or post Certification exam in case he or she is a graduate. In case of non graduates the criteria is six years of work experience. Ethics: On completion regarding the education, examination and skills development requirements, the candidate has to sign declaration for adherence to FPSB India's Code of Ethics and amp; Rules of Professional Conduct. have knowledge of more Requirements for Challenge Status Students who are already professionals for example Chartered Accountants, MBAs, ICWA, etc and are interested in acquiring the CFPCM certification can do so in a shorter span.
FPSB South asia recognizes that these professionals already have some regarding the skill sets that are compulsory in a Financial Planner. Hence, it has introduced the Challenge Status Program which enables professionals most in terms of learning as well as skills development to acquire the CFPCM Certification in a more time efficient manner. Education: A candidate should be a CA, CFA US, ICWA, CAIIB, CS, LLB, PhD, M. Phil, PG, Licentiate or Associate or Fellowship of Life Insurance, Actuary, FFSI and amp; FLMI from LOMA, Civil Service Examinations by UPSC. Examination: The candidate has to clean only Cardboard six i.
the Advanced Financial Planning paper. Experience: The candidate should have work skills development of 4 years in Financial Services Business prior to the CFPCM Certification Exam. In case the candidate is working in a Non- Financial Business the work skills development should be six years prior CFPCM certification exam. Ethics: On completion regarding the education, examination and skills development requirements, the candidate has to sign declaration for adherence to FPSB India's Code of Ethics and amp; Rules of Professional Conduct At IMS, our goal for the past 33 years was simple - Build an extended term successful career for our students. IMS Proschool is an extension regarding similar mission consequently the route is different.
Economic growth over the past decade has created new opportunities for students and IMS Proschool is helping students tap these opportunities. IMS Proschool's goal is to give these business relevant skills to its students within the shortest likely time, get them quality jobs that release them quality skills development and make an extended term career for them. Within the process, we shall also help the business solve its manpower issues. IMS Proschool Success Created over 1000 Associate Financial Planner's Created over 100 CFP's in brief span of 24 months Trained over 5000 candidates on Financial Planning and Wealth Management Higher than 2000 CFP enrollments in final 3 years. IMS Proschool Programs NCFM Certification in financial modeling CFPCM PDP- Retail Save Operations Management What creates IMS Proschool Programs unique? Focused, practical and relevant programs.
Programs are for brief duration. Section of choices to decide from Course Content developed with inputs and feedback from industry. Programs are delivered by business practitioners. Programs are available throughout the country. Trainer to the Business State Owned Banks SBI, BOI, SBBJ Foreign Banks CITI, Deutsche Security Houses Kotak Securities, ICICI Direct, Motilal Oswal, Tata Securities Mutual Fund Businesses Sundaram BNP Paribas, Optimix.
Insurance Businesses ICICI Prudential Institutional Tie- ups Partner of NISM, an initiative of SEBI Security Exchange Board of India, to make Financial Planning proficiency between students throughout India. NSE South asia for Financial Modeling Certificate program Who should join IMS Proschool? New Graduates wanting to acquire job critical skills Skills compulsory for surviving in challenging business environment is changing every year. Besides your graduation, you need these critical and relevant skills to obtain a job and to build a career. Working Professionals seeing for enhancing skills Those of you who have joined recently, should quickly enhance their skills and strengthen your resume, to compete effectively and build an extended term career. Professionals who should shift Business For most of us first job is, first job that is offered to us.
Often we locate that it is not what we wanted and should provide our lives doing or it really does not release the growth we expect. Whether you can be seeing to shift into sunrise industries like retail, KPO or financial services, then IMS programs can help you acquire skills and make the transition. CERTIFIED FINANCIAL PLANNING:- IMS Programs Classroom Program - REGULAR Classroom Program - FAST TRACK Distance Learning Program - PLUS Distance Learning Program - REGULAR Teaching Methodology The entire program shall be taught with lot of examples to understand application of theoretical concepts. The classroom program as well as online sessions shall be conducted by experienced faculty from the industry. The online training sessions shall be conducted live by our instructor, via the web.
All you own to have is a PC with the compulsory minimum configuration. The session shall be voice and presentation based and should be as efficient as the real classroom sessions. Online reference fabric shall be provided to students immediately on enrolment. The students shall be provided user id and password to access the course content from IMS Proschool website. IMS Certificate All students who done the course successfully shall get a certificate from IMS Proschool.
IMS Certificate All students who done the course successfully shall get a certificate from IMS Proschool. In which City is the program offered?Program is offered in Mumbai, Pune and Kolkata. How to enrol? Classroom Program REGULAR and amp; FAST TRACK Step 1: Download the Enrolment Shape our web location OR obtain similar from your nearest IMS Proschool centre. Step 2: Submit the IMS Proschool Enrolment Shape along with 3 passport volume photograph and a Demand Draft regarding the relevant quantity drawn in favour of IMS Learning Resources Pvt Ltd. payable in Mumbai to the IMS Proschool Centre where you should like to attend the program.
Distance Learning REGULAR and amp; PLUS Step 1: Download the Enrolment Shape from our web location OR obtain similar from your nearest IMS Proschool centre OR Step 2: Submit the IMS Proschool Enrolment Shape along with 3 passport volume photograph and a Demand Draft regarding the relevant quantity drawn in favour of IMS Learning Resources Pvt Ltd. payable in Mumbai to IMS Proschool, 67, Jayant Building, Jain Hostel Road, Near Sion Circle, Sion West, Mumbai 400 022. Posted by IMS proschool, PUNEclick here for more detail regarding the programmeIMS proschool IMS Learning Resources pvt. 1229 or A, Narhari,Ist floor FC road,next to sagar arcade,DECCAN PUNE:411004.
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