CFP is the executive and professional level certification provided by the US Certified Financial Planner Board of Standards, through its affiliates in different countries. The basic objective of the course is to prepare the professionals in the planning domain so that they can act as valuable guides to the individuals and the corporates in their endeavour to plan their investments well. The CFP course centres on certain crucial areas that often require planning.
The first part deals with the basics of financial planning. This aims to impart conceptual clarity on the time value of money, understanding the financial statement analysis, cash flow and budgeting, legal aspects and professional code of ethics.
The next stage of the CFP courses is to study the risk analysis process, Insurance concepts and policies and the regulatory framework within which insurance sector works.
The third step pertains to retirement planning and employee benefits aspect of financial planning, like wealth creation, erosion and accumulation and analysis of retirement and insurance plans.
The fourth part of the CFP course is that of tax planning strategies, capital and wealth gains taxation and the matters related to Will, Power of Attorney and real estate documentation.
The last part of the course curriculum pertains to the Comprehensive financial planning taking everything into consideration.
If anyone wants to go for financial planning certification, then the Certified Financial planner course gives the best grounding in all the major areas. Also, this course is world renowned and therefore, getting a good job overseas is also a distinctive advantage of this course. This course can be taken in three different modes of learning. One is by way of class room tutoring. The CFP class can be the regular one or it can even be the evening classes or weekend classes for the working professionals. The other is by way of distance learning wherein the course materials are sent to the candidates and the third way is of online tutorials which can be downloaded from the internet after payment of the required fees.
There are many job opportunities which can be had after completing this course. You can work as an independent financial planner or can even be a part of some organization where this work can be done at a much bigger scale.