CERTIFIED PERSONAL FINANCIAL ADVISOR

CPFA Independent Financial Advisors are an important and growing segment of professionals who contribute to the overall financial markets. The CPFA examination is a great opportunity for IFAs to be certified by a Neutral and Authoritative body that is established by SEBI.

WHY BECOME CPFA? 1)Individual Financial Advisors 2)Employees of organizations engaged in financial advisory services that include Stock Broking and Distribution Houses, Banks, Wealth Management Companies, Asset Management Companies, Insurance Companies, Consumer Credit Companies etc. 3)Students aspiring for a career in personal financial planning and wealth management

BENEFITS OF CPFA 1) Benchmark for Skills and Knowledge: Minimum benchmark to judge a potential as well as existing employee’s knowledge and skills in financial advisory. 2) Certification from a Recognized, Neutral Institution: NISM is an educational initiative of SEBI. 3) Investors will trust you more: Through investor education, NISM will create awareness amongst investors to demand and trust Certified Personal Financial Advisors. 4) Earn fee-based Income: May help you earn more fee-based income by providing value-added services.

EXAM CONTENT 1) Financial Planning as an Approach: Get acquainted with financial planning as an approach to investing, insurance, retirement planning and an aid for advisors to develop long term relationships with their clients. 2) Making a Personal Financial Plan: Know the basics of financial advisory, steps in the advisory process, making and implementation of financial plan. 3) Evaluating and Recommending Financial Products: Understand how to evaluate different products, their suitability and how the recommendation of the same can impact investment risks, returns and strategies in a personal finance environment for investors and prospective investors in the market. 4) Tax and legal aspects: Get oriented to Income tax, Wealth tax and legalities of Estate planning in personal finance, and regulatory aspects underlying advisory.

WHAT IS THE FORMAT FOR EXAMS? The examination consists of 60 questions each of 1 mark and 20 questions each of 2 marks, and should be completed in 2 hours. The passing score on the examination is 60%. There shall be no negative marking. Fees : 4495 Rs.

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