Introduction to Financial Planning

Students learn to identify the process of financial planning and its implementation. As financial planners, they understand how to follow the relevant code of ethics and professional conduct. Students also understand the effects of the economic, social, political, and technological environment on financial planning.

Some other parts of the syllabus are:

• Explain the financial planning process

• Overview of financial management, general principles, and behavioural finance

• Economic environment analysis

• Financial mathematics

• Time value of money

• Financial planning and code of ethics

• Regulations related to individuals

Risk Analysis & Insurance Planning

Under this module, students learn about concepts related to risk assessment and insurance planning for clients. Also, they understand the role of financial planners in the personal risk assessment process. This subject teaches students how insurance is a tool for managing risks.

Some other parts of the syllabus are:

• Concepts of insurance and risk management

• Types of pure risk

• Insurance contact and legal liability

• Life insurance

• Analysis of life cover, strategies, and products

• Property, health, and liability insurance

• Regulatory framework of the insurance

Retirement Planning & Employee Benefits

With this subject, students learn about the importance of retirement planning. Students also learn about evaluating clients’ financial positions. This subject teaches students how to arrive at the right retirement strategies and the corresponding tax implications of such annuity.

Some other parts of the syllabus are:

• Employee benefits and superannuation benefits

• Life cycle analysis, retirement needs, and factors in planning

• Creation and sustenance of retirement fund

• Risk profiling and the strategies adopted and modified through various life stages

• Provident fund and pension schemes

• Pension sector reforms

• Regulatory framework of retirement

Investment Planning

Investment planning is necessary to understand various asset classes and the factors affecting them. Students learn how to determine goal-based strategies and evaluate investment choices according to a client’s financial needs. Students also learn how to measure investment risks and adopt the right strategy to minimise such risks.

Some other parts of the syllabus are:

• Investment products and their applications

• Foreign exchange markets

• Risk profiling of products and investors

• Asset allocation determination

• Goal-based investment planning

• Measuring and managing risks

• Analysis of returns

Tax Planning & Estate Planning

Students learn to identify the incidence of tax on different types of incomes, residency status, transactions, individual status, and business categories. Students also learn to compute clients’ eligibility under different tax deduction criteria, where deductions are made from gross salary income after considering the benefits received under various allowances and perks.

Some other parts of the syllabus are:

• Features of the Indian tax system and direct taxes

• Personal taxation and business taxation

• Computation and tax efficiency

• Taxation of various financial products

• Tax planning strategies

• Estate planning process, strategies, and taxation aspects

Advanced Financial Planning

This subject teaches students about interpreting a client’s financial position before making decisions. Students learn to evaluate clients’ cash flow positions considering their current and future assets and liabilities and financial goals to meet investment and financial planning parameters.

Some other parts of the syllabus are:

• Financial planning process and standards

• Risk analysis and insurance planning

• Retirement planning and employee benefits

• Investment planning

• Tax planning and estate planning

Module 1

Introduction to Financial Planning

Introduction to Financial Planning

Students learn about the financial planning process, which consists of the time value of money, client interactions, education planning, general principles for future planning, etc.

Module 2

Risk Analysis & Insurance Planning

Risk Analysis & Insurance Planning

This module includes the strategies and applications relevant to risk analysis. Students also learn about the various insurance policies, risk management methods, insurance product analysis and selection, etc.

Module 3

Retirement Planning & Employee Benefits

Retirement Planning & Employee Benefits

Retirement planning is crucial. Students learn about the right retirement strategies that can be recommended to clients. This subject also teaches students about the various employee benefits, superannuation benefits, life cycle analysis, and the retirement needs of a client.

Module 4

Investment Planning

Investment Planning

Investment planning helps students understand the risk profile of clients necessary for appropriate asset allocations. It is an essential domain to ensure awareness and knowledge of the regulatory environment relevant to investment products and services.

Module 5

Tax Planning & Estate Planning

Tax Planning & Estate Planning

This module of the CFP course covers concepts related to the Indian tax system, such as direct taxes. Students learn about the various concepts of tax and estate planning under this subject, including tax-induced distortions, e-filing of income tax returns, valuation of perquisites, the scope of estate planning, and so on.

Module 6

Advanced Financial Planning

Advanced Financial Planning

Advanced financial planning is crucial. It helps a professional understand the comprehensive, actual financial position of a client before decisions are made. Advanced financial planning covers the various aspects related to risk management and insurance planning.

Investment planning

• Personal financial management

• Time value of money

• Budget and emergency fund

• Financial management strategies

• Investment and asset management

• Principles of investment risk

• Behavioural finance

• Regulatory environment

• Economic environment

• Compliance and implications of the law

• The social and political environment

This course teaches students about insurance and tax. This course also discusses how to manage personal financial conditions. This course consists of three main modules, personal financial management, investment planning/asset management, and the regulatory environment of law and compliance.

Retirement and tax planning

• Introduction to retirement planning

• Principles and objectives of retirement planning

• Sources of retirement cash flow

• Tax planning and optimisation

• International taxation

• Tax strategies

• Accounting standards and research

• Cross border and source rules

This specialised course of CFP teaches students about identifying clients’ financial goals, risk tolerance capacities, asset locations, the structure of retirement plans, the impact of taxation on clients’ financial conditions, and so on.

Risk and estate planning

• Risk management and insurance planning

• Risk exposures

• Insurance company and advisor selection

• Various strategic solutions for risk management

• Estate planning terminology

• Process of estate planning

• Wealth distribution goals

• Strategies for estate planning

Under this specialisation, students learn about risk management, insurance planning, and estate planning. Estate planning is as important as risk management and insurance planning. It considers wealth distribution goals, planning for incapacity, strategic solutions for risk management, etc.

Introduction to Financial Planning

Introduction to Financial planning CFP

Hardcover

(Mandar Professional Excellence)

The author explains the various aspects of financial planning relevant to clients, such as client interactions, education planning, general principles for future planning, etc.

Risk Analysis & Insurance Planning

Risk Analysis & Insurance Planning (CFP Module 2)

Sanjiv Bajaj and Indranil Sarkar

Risk and insurance planning are as important as other financial planning tools. The author also explains the role of financial planners in the personal risk assessment process.

Retirement Planning & Employee Benefits

Retirement Planning & Employee Benefits

Loose leaf

The author explains the methods of determining appropriate retirement strategies and the tax implications of the annuity.

Investment Planning

Practising Financial Planning

Sid Mittra

The author explains the methods of determining various goal-based strategies and evaluating investment choices based on a client’s financial needs.

Tax Planning & Estate Planning

The Complete Estate Planning Guide

Kathleen Adams CFP

This book discusses how to identify clients’ financial goals, risk tolerance capacity, asset locations, the structure of retirement plans, the impact of taxation, etc.

Advanced Financial Planning

Business Financial Planning (Unit 6) (Advanced Financial Planning Certificate)

BPP

Advanced financial planning is crucial. It helps a professional understand the comprehensive, actual financial position of a client before decisions are made.

Investment Planning

Investment Planning: Concept and Strategies 2nd Edition

James F. Dalton

Includes the basics of investment planning, concepts and strategies that revolve around investment planning.

1

International College of Financial Planning, Lucknow

https://www.icofp.org/

2

International College of Financial Planning, Mumbai

https://www.icofp.org/mumbai-campus

3

Indian Institute of Financial Planning, New Delhi

https://iifp.in/

4

International College of Financial Planning, Kolkata

https://www.icofp.org/kolkata-campus

5

International College of Financial Planning, Chennai

https://www.icofp.org/chennai-campus

6

International College of Financial Planning, Mysore

https://www.icofp.org/mysore-campus

7

Indian School of Business Management and Administration, Patna

http://www.w.iibm.in/

8

IMS Proschool, Pune

https://www.proschoolonline.com/financial-courses-pune

9

IMS Proschool, Bangalore

https://www.proschoolonline.com/financial-courses-bangalore