fpsb india - july report

FPSB INDIA REPORT MAY 2015| 1 FPSB INDIA | REPORT | JULY | 1

FPSB INDIAJULY REPORT

2015

FPSB INDIA | REPORT | JULY | 2


Between You and Me

Financial Planner continues to be amongst the Top 20 jobs in the Career Cast 2014 rankings of America’s 200 jobs. Financial Planner was ranked as the 16th best job with specifics of the job related to careers in portfolio management and offering a broad range of services aimed at assisting individuals in managing and planning their financial future. In India, Financial Planning shall be increasingly relevant as an art and science to firstly create wealth and then manage wealth in a disciplined manner to achieve financial goals. It is more towards attaining a state of financial freedom, a way of achieving balance in our financial transactions on an ongoing basis than one-off transactions. The number of CFP professionals in India stands at 1,820 as on 31 December 2014. The number is 1.57 lakh of the CFP professionals certified worldwide.

India with a major share of middle class population requires Financial Planning services to achieve life goals of her masses. In three decades India will have the second largest population of senior citizens in the world. This is on top of the fact that no social security has been built as a Government initiative. This entails Retirement Planning to be our top priority. Hence, a holistic retirement plan is the need of the hour.

In India, the regulatory efforts are at an advanced stage to creating an effective oversight of intermediaries in the financial services. The vision of FPSB India is to

harmonize diverse financial domains on the Personal Finance platform for an individual’s disciplined achievement of financial goals. Such domains include investments in accordance with risk profile to achieve financial goals; insurance to cover risk to life, health and assets; a retirement plan or a suitable arrangement in lieu thereof to build a sufficient retirement corpus; estate planning for effective and tax-efficient transfer of assets to dependents, etc. The aim of FPSB India is to strike a convergence of regulations blurring the differentiation in products of similar profile which fall under different regulatory purview. We would continue with our efforts to scale up the Financial Planning movement in the country and work closely with all stakeholders for further augmentation of Financial Planning profession in the country. We look forward to the continuance of your worthy patronage. We sincerely endeavour the profession to help India’s Wealth Quotient on an upward spiral.

Warm Regards,

Ranjeet S MudholkarVice Chairman & CEO, FPSB India

Date : 02 June, 2015

Dear Friend,


TABLE OF CONTENT

I. Membership / CFP Professional Statistics 5

II. Examination 11

III. Area Wise Distribution of CFPCM Professionals Eligible for Certification 15

IV. Charter Member-wise numbers of CFPCM Certificants 17

V. Education Partners 19

VI. Continuous Education 21

VII. Ethics and Discipline / Practice Standards 23

IX. Current / Upcoming Events and Publication 24

X. List of Board of Directors 25

XI. List of Charter Members of FPSB India 26

VIII. Marks Promotion / Protection 23


1. Number of CFPCM certificants and change since month

CategoryNumber at end of

July , 2015Number at end of

March, 2015Percentage

Growth

CFPCM certificants 1,831 1,803 1.55%

Student 33,662 32,987 2.05%

AFP 85 96 -11.46%

Corporate 44 47 -6.38%

Gender NumberPercentage of

Total

Male 1505 82.20%

Female 326 17.80%

Age NumberPercentage of

total

20-29 178 9.72%

30-39 774 42.27%

40-49 572 31.24%

50-59 256 13.98%

60+ 44 2.48%

Years of Experience

Number of CFP professionals

Percentage of total

0-5 914 49.92%

6-10 514 28.07%

11-15 142 7.76%

16-20 122 6.66%

20+ 139 7.59%

I. Membership/CFP Professional Statistics

2. Demographic information on CFP Certificants

Demographic Information on CFPCM Certificants Number (Gender Wise)

Male 82%

Female 18%

Demographic Information on CFPCM Certificants Number (Age Wise)

Age 20-29 10%

Age 30-39 42%

Age 40-49 31%

Age 50-59 14%

Age 60+ 3%

Demographic Information on CFPCM Certificants Number (Experience Wise)

0-5 Years 50%

6-10 Years 28%

11-15 Years 8%

16-20 Years 7% 20+ Years

7%

I


Student Member Enrollment Statistics - 2015 2016* Enrollments

TermApr15

May 15

Jun15

Jul15

Aug15

Sep15

Oct15

Nov15

Dec15

Jan16

Feb16

Mar16

Total

Total 145 126 172 232 0 0 0 0 0 0 0 0 675

Enrollments & Growth Rate (Year-wise)

Enrollment Year No of Enrollments Growth Rate

2002 -03 284 NA

2003 -04 684 140.85

2004 -05 852 24.56

2005 -06 1,608 88.73

2006-07 2,443 51.87

2007-08 4,196 71.75

2008-09 3,867 (7.90)

2009-10 3,363 (12.98)

2010-11 4,391 30.57

2011-12 4,070 (7.31)

2012-13 3,132 (23.04)

2013-14 2220 (49.32)

2014-15 1,877 (15.45)

2015-16 675

Total 33,662

* As on 31st July, 2015

Membership/CFP Professional StatisticsI

Growth of Student Enrolment

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

Year wise Trend of Candidates Passed vs. Eligible for Certification

0

1000

2000

3000

4000

5000

6000

PassedStudent Enrolment

Eligible


Percentage of Enrollments – Pathways and Modes – in the last two years

PeriodRegular Pathway

Challenge Status Pathway

Total EnrollmentsEducation Partner Mode

Self Study Mode Total

2014-15 56% 35% 91% 9% 100%

2013-14 58% 30% 88% 12% 100%

2012-13 61% 26% 87% 13% 100%

2011-12 67% 19% 86% 14% 100%

Pass Percentage across Pathways and ModesYear Education Partner Mode Self Study Mode Challenge Status Pathway

2014-15 45% 46% 33%

2013-14 43% 48% 41%

2012-13 40% 46% 33%

2011-12 41% 44% 48%

Total Enrollments in the Year 2015-16 and Growth over previous year





Apr - July 2015 265 (31.17%) 410 (42.86%) 675 (0.45%) 128 (113.33%) 803 (9.70%)

Apr - July 2014 385 287 672 60 732

Figures in Bracket represent Percentage change in 2015-16 versus 2014-15

Profile of Enrollments in the last three years





2014-15 1156 (20.60%) 721 (5.63%) 1877 (15.45%) 171 (40.83%) 2048 (18.37%)

2013-14 1456 (32.75%) 764 (20.99%) 2220 (29.12%) 289 (37.17%) 2509 (30.15%)

2012-13 2165 (31%) 967 (6%) 3132 (23%) 460 (28%) 3592 (24%)

2011-12 3156 914 4070 641 4711

Figures in Bracket represent Percentage change over the previous year

Membership/CFP Professional Statistics I


Details of CFPCM Certificants’ statistics: 31st March, 2003

CFPCM certificantsIndependent Practitioners

(I)

Corporate Executives

(C)Others (O) Total Eligible Spl. Case# Not* Eligible Grand Total

Grandfatherees (GF) 8 (GFI) 24 (GFC) 7 (GFO) 39 1 -- 39

Education Provider (EP) -- -- -- -- -- -- --

Challenge Status (CS) -- -- -- -- -- -- --

Total 8 24 7 39 1 -- 39



(I)




Education Provider (EP) -- -- -- -- -- -- --


Total 8 66 8 82 1 -- 82



(I)




Education Provider (EP) 19 (EPI) 5 (EPC) 2 (EPO) 26 -- 1 27


Total 28 90 10 128 1 1 129



(I)



Grandfatherees (GF) 6 (GFI) 80 (GFC) 6 (GFO) 92 1 15 107

Education Provider (EP) 23 (EPI) 23 (EPC) 7 (EPO) 53 1 3 56


Total 29 103 13 145 2 18 163



(I)





Challenge Status (CS) -- 11 (CSC) -- 11 -- -- 11

Total 59 156 24 239 2 43 282



(I)





Challenge Status (CS) 4 (CSI) 24 (CSC) 1 (CSO) 29 1 0 29

Total 103 229 33 365 5 110 475





(I)


(C)

Others (O)

Total Eligible

Fees for FY 2010 - 11

Fees Not Paid

Not Eligible due to

Total Not

Eligible

Grand Total

Recd.Before

31st Mar 10

Recd.After 31st Mar 10

TotalNon-

PaymentIncomplete Documents

Grandfatherees (GF) 4 (GFI) 51 (GFC) 1 (GFO) 56 31 21 52 4 51 0 51 107

Education Provider (EP) 338 (EPI) 812(EPC) 55(EPO) 1205 58 977 1,035 170 156 927 1083 2,288

Challenge Status (CS) 58 (CSI) 398 (CSC) 3 (CSO) 459 13 309 322 137 66 3 69 528

Total 400 1,261 59 1,720 102 1,307 1,409 311 273 930 1203 2,923



(I)


(C)

Others (O)

Total Eligible

Fees Paid

Fees Not Paid

Spl. Case#

Not* Eligible

Grand Total

Grandfatherees (GF) 5 (GFI) 58 (GFC) 7 (GFO) 70 55 15 1 37 107

Education Provider (EP) 131 (EPI) 401 (EPC) 51(EPO) 583 453 130 3 303 886

Challenge Status (CS) 10 (CSI) 118 (CSC) 7 (CSO) 135 87 48 4 1 136

Total 146 577 65 788 595 193 8 341 1129



(I)


(C)

Others (O)

Total Eligible

Fees Paid

Fees Not Paid

Spl. Case#

Not* Eligible

Grand Total

Grandfatherees (GF) 4(GFI) 51 (GFC) 1 (GFO) 56 55 1 51 51 107

Education Provider (EP) 282 (EPI) 586 (EPC) 10 (EPO) 878 793 85 106 745 1,623


Total 314 900 12 1,226 1,049 177 175 815 2,041



(I)


(C)

Others (O)

Total Eligible

Fees Paid

Fees Not Paid

Spl. Case#

Not* Eligible

Grand Total

Grandfatherees (GF) 4(GFI) 51 (GFC) 1 (GFO) 56 55 1 51 51 107

Education Provider (EP) 282 (EPI) 586 (EPC) 10 (EPO) 878 793 85 106 745 1,623


Total 314 900 12 1,226 1,049 177 175 815 2,041



(I)


(C)

Others (O)

Total Eligible

Fees for FY 2011-12

Fees Not Paid

Not Eligible due to

Total Not

Eligible

Grand Total

Before31st Mar 11

After 31st Mar 11

TotalNon-



Education Provider (EP) 421 (EPI) 858 (EPC) 114 (EPO) 1393 0 1177 1177 216 264 1131 1395 2788


Total 493 1411 112 2022 9 1618 1627 395 465 1133 1598 3620

Membership/CFP Professional Statistics I




(I)


(C)

Others (O)

Total Eligible

Fees for FY 2012-13

Fees Not Paid

Not Eligible due to

Total Not

Eligible

Grand Total

Before31st Mar 12

After 31st Mar 12

TotalNon-





Total 547 1370 146 2063 9 1726 1735 328 718 1374 2092 4155



(I)


(C)

Others (O)

Total Eligible

Fees for FY 2013-14

Fees Not Paid

Not Eligible due to

Total Not

Eligible

Grand Total

Before31st Mar 13

After 31st Mar 14

TotalNon-





Total 555 1389 178 2122 91 1758 1849 273 970 1475 2445 4567



(I)


(C)

Others (O)

Total Eligible

Fees for FY 2013-14

Fees Not Paid

Not Eligible due to

Total Not

Eligible

Grand Total

Before31st Mar 14

After 31st Mar 15

TotalNon-





Total 578 1406 222 2206 48 1755 1803 403 1104 1638 2742 4948

Details of CFPCM Certificants’ statistics: 31st July, 2015


(I)


(C)

Others (O)

Total Eligible

Fees for FY 2013-14

Fees Not Paid

Not Eligible due to

Total Not

Eligible

Grand Total

Before31st Mar 15

After 31st Mar 16

TotalNon-





Total 573 1384 239 2196 1150 681 1831 365 1195 1635 2830 5026

*Not Eligible Candidates are those who have passed all the exams and are either in the process of complying with documentation to assess their fitness or not meeting Fitness criteria such as adequate prescribed Experience, etc. The category also includes earlier certified individuals who have not paid fees for one or more previous years and need to be recertified.



1. Information on Examinations administered during FY 2014-2015*.

Exam typeNumber of

students enrolled in education courses

Total number of exam takers

Pass rate Date(s) of exam

Serial Exam leading to CFP Certification (Exam 1-4)

271 773 42.04% Daily Basis

CFP Certification Exam(Exam 5/Challenge Status)

25 112 38.39% Daily Basis


Examination Statistics - (2009 - 10)Name of Exam Appeared Passed Failed Pass%

Exam 1 - Risk Analysis and Insurance Planning 2,281 1,165 1,116 51.07%

Exam 2 - Retirement Planning & Employee Benefits 2,355 1,280 1,075 54.35%

Exam 3 - Investment Planning 1,962 1,059 903 53.98%

Exam 4 - Tax & Estate Planning 1,749 952 797 54.43%

Total 8,347 4,456 3,891 53.38%

Examination Statistics - (2010 - 11)Name of Exam Appeared Passed Failed Pass%

Exam 1 - Risk Analysis and Insurance Planning 2229 1116 1113 50.07%

Exam 2 - Retirement Planning & Employee Benefits 2257 1051 1206 46.56%

Exam 3 - Investment Planning 1855 959 896 51.70%

Exam 4 - Tax & Estate Planning 1839 855 984 46.49%

Total 8180 3981 4199 48.67%

Examination Statistics - (2011-12)Name of Exam Appeared Passed Failed Pass%





Total 8233 3654 4579 44.38%



Exam 2 - Retirement Planning & Employee Benefits 2012 852 1160 42.35 %

Exam 3 - Investment Planning 1609 751 858 46.67 %


Total 7504 3143 4361 41.88%

Examination Statistics (Exam 1-4)

II. Examination II







Total 4979 2170 2809 43.58%






Total 4487 1584 2903 35.30%

Examination Statistics - April 2015Name of Exam Appeared Passed Failed Pass%





Total 375 145 230 38.67%

Examination Statistics - May 2015Name of Exam Appeared Passed Failed Pass%





Total 398 180 218 45.23%






Total 1464 629 835 42.96%


Examination

Month wise breakup of Examination Statistics for the year 2015-16

II


CFPCM Certification Exam 5 & CSP Examination Statistics 2009-10

Particulars Appeared Passed Failed Pass %

Total 1,610 912 698 56.65%



Total 1381 882 499 63.87%



Total 1198 711 487 59.35%



Total 1315 521 794 39.62%



Total 985 429 556 43.55%



Total 903 366 537 40.53%

Examination Statistics - June 2015Name of Exam Appeared Passed Failed Pass%





Total 336 139 197 41.37%

Examination Statistics - July 2015Name of Exam Appeared Passed Failed Pass%





Total 355 165 190 46.48%

Examination

Examination Statistics (Exam 5 / Challenge Status Exam)



Total 209 79 130 37.80%


II


April -15

Pathway Appeared Passed Failed Pass %

Regular 33 13 20 39.39%

Challenge Status 14 4 10 28.57%

Total 47 17 30 36.17%

May -15


Regular 49 21 28 42.86%


Total 65 26 39 40.00%

June -15


Regular 24 9 15 37.50%


Total 37 13 24 35.14%

July -15


Regular 51 21 30 41.18%


Total 60 23 37 38.33%

Examination

Month wise breakup of Exam 5 & CSP Statistics for the year 2015-16


II


City-WiseSr. No. City Total % To Total Certificants

1 Mumbai 642 35%

2 Delhi 134 7%

3 Bengaluru 149 8%

4 Pune 97 5%

5 Chennai 102 6%

6 Kolkata 84 5%

7 Ahmedabad 81 4%

8 Hyderabad 61 3%

Total top 8 cities 1350 74%

Other Cities 481 26%

Total Eligible Certificants 1831 100%

Region-WiseSr. No. Region Total % To Total Certificants

1 East 125 7%

2 North 309 17%

3 South 401 22%

4 West 996 54%

Total 1831 100%

III. Area-Wise Distribution Of Eligible CFPCM Certificants III


State-WiseSr. No. City Total Certificants % to Total Certificants

1 Andhra Pradesh 79 4%

2 Assam 11 1%

3 Bihar 4 --

4 Chandigarh 8 --

5 Chhattisgarh 3 --

6 Dadra and Nagar Haveli 1 --

7 Delhi 135 7%

8 Goa 12 1%

9 Gujarat 155 8%

10 Haryana 40 2%

11 Himachal Pradesh 2 --

12 Jammu and Kashmir 2 --

13 Jharkhand 9 --

14 Karnataka 166 9%

15 Kerala 30 2%

16 Madhya Pradesh 31 2%

17 Maharashtra 789 43%

18 Manipur 1 --

19 Orissa 6 --

20 Pondicherry 2 4%

21 Punjab 25 1%

22 Rajasthan 39 2%

23 Tamil Nadu 124 7%

24 Uttar Pradesh 63 3%

25 Uttarakhand 3 --

26 West Bengal 91 5%

Grand Total 1831

III Area-Wise Distribution Of Eligible CFPCM Certificants


Sr. No. Charter Members


Regular Pathway

Total

2015-16 2014-15 2015-16 2014-15

2014-15 2015-16As on Mar 31,

2015

As on July 31,

2015

As on Mar 31,

2015

As on July 31,

2015

1 Aditya Birla Money Mart Limited 4 2 2 4 6 6

2 ASK Wealth Advisors Private Limited 0 0 1 2 1 2

3 Axis Bank Limited 6 2 10 13 16 15

4 Bajaj Capital Limited 0 2 4 4 4 6

5 Barclays Bank PLC 0 2 0 0 0 2

6 Birla Sun Life Insurance Company Limited 1 2 7 8 8 10

7 BNP Paribas Investments Services (I) P. Ltd. 3 3 1 2 4 5

8 Citibank N.A 8 3 1 2 9 5

9 Deutsche Bank AG 1 4 2 3 3 7

10 Dewan Housing Finance Corporation Ltd 0 0 0 0 0 0

11 Dynamic Equities Private Limited 0 0 3 3 3 3

12 Edelweiss Financial Services Limited 0 1 1 1 1 2

13Franklin Templeton Asset Management (India) Private Limited

3 3 0 1 3 4

14 Geojit BNP Paribas Financial Services Limited 1 4 5 3 6 7

15 HDFC Asset Management Company Limited 5 6 5 5 10 11

16 HSBC Limited 0 3 1 2 1 5

17 ICICI Bank Limited 16 22 2 2 18 24

18ICICI Prudential Asset Management Company Limited

0 2 3 4 3 6

19 ICICI Prudential Life Insurance Company Limited 5 4 5 5 10 9

20 ICICI Securities Limited 22 16 11 14 33 30

21 IFAN Finserv Private Limited 0 1 0 0 0 1

22 Karvy Stock Broking Limited 2 4 2 1 4 5

23 Kotak Mahindra Bank Limited 7 6 5 7 12 13

24 L&T General Insurance Company Limited 0 0 0 1 0 1

25 L&T Mutual Fund 0 1 0 0 0 1

IV. Charter Member-wise numbers of CFPCM Certificants IV


Sr. No. Charter Members


Regular Pathway

Total

2015-16 2014-15 2015-16 2014-15

2014-15 2015-16As on Mar 31,

2015

As on July 31,

2015

As on Mar 31,

2015

As on July 31,

2015

26 Life Insurance Corporation of India 7 9 22 25 29 34

27 Motilal Oswal Securities Limited 6 6 3 5 9 11

28 Networth Stock Broking Limited 0 0 1 0 1 0

29 Padmakshi Financial Services Limited 0 0 0 0 0 0

30 PNB Metlife Insurance Company Limited 1 2 0 0 1 2

31Principal PNB Assets Management Company Private Limited

0 0 1 1 1 1

32 Reliance Capital Asset Management Limited 5 5 1 1 6 6

33 Reliance Life Insurance Company Limited 3 2 3 5 6 7

34 Reliance Securities Limited 3 4 0 1 3 5

35 Religare Enterprises Limited 0 1 0 0 0 1

36 SBI Funds Management Private Limited 5 6 6 5 11 11

37 SBI Life Insurance Company Limited 3 2 0 1 3 3

38 SKP Securities Limited 0 0 0 0 0 0

39 Standard Chartered Bank 1 2 0 0 1 2

40 State Bank of India 44 34 21 22 65 56

41 TATA AIA Life Insurance Company Limited 1 2 9 9 10 11

42 TATA Asset Management Limited 2 4 1 1 3 5

43 UTI AMC Limited 14 15 12 14 26 29

44 World Gold Council 0 0 0 0 0 0

Grand Total 179 187 151 177 330 364

IV Charter Member-wise numbers of CFPCM Certificants


S.No. EP Name Contact Person Designation Address Contact No Email ID

1Abhinandan Institute Of Financial Planning(AIFP)

Ms. Neha Bhatt Manager8 Hiral Arcade Opp. New Civil Court, Athwalines, Surat

[email protected]

2ACE School for Professional Studies

Ms. Charu KaushikVP(Trainings and content),

26/32, Pal Mohan Sadan,East Patel Nagar,Delhi-110008

+91-11-45050202, +91-9560400711

[email protected]

3 Altius Mr. Rajanish Khare Director

Madhur Corporate, 2/2 South Tukognaj, Behing Silver Mall, Indore - 452001

+91-0731-4020950/4020945, +91-7566000444, +91-7566000555

[email protected]

4Ambition Learning Solutions

Mr. Vishal Gada Director

53, Ashawadi, S.V. Road, Opp. Shopper's Stop, Behind Yashwant Nagar, Andheri West, Mumbai 400058

+91-9930805522, +91-22-26244248

[email protected]

5Anagram Knowledge Academy Ltd.

Mr. Prashant V ShahJr. Knowledge Officer

Anagram Knowledge Academy LTD. 3rd Floor, Hertage Square, Opp. Atlanta Tower, Gulbai Tekra, Ahmedabad – 380015

[email protected]

6 Arihant Institute Pvt.Ltd Mr. Ajay SevakHead - Business Development

3rd Floor, "Swapnil" Bldg. Nr. Navrangpura cross Road, Navrangpura, Ahmedabad - 380 009

+91-79-26460870,+91-9825078724

[email protected]

7BLB Institute of Financial Markets (BIFM)

Mr. G.C. Sharma DirectorGulab Bhawan, 4th Floor, 6, Bahadur Shah Zafar Marg, New Delhi-2

+91-11-43702201/202 [email protected]

8FINANCIAL PLANNING ACADEMY (FPA)

Mr. Ninad M MondkarChief Learning Officer

1st Floor, Doulatram Mansion, Kitridge Road, Colaba, Mumbai - 400005

+91-22-22797404, +91-9322637748

[email protected]

9 Finstitute Ms. Urvi Prajapati Coodinator

B/201 Hemu Classic Shopping Centre, Opp. New Era, S.V.Road,Malad-West, Mumbai-400064

+91-22-28887964/66930993, 91-9321106767

[email protected]

10Global School of Financial Planning

Ms. Chhaya Kothari CFP

B-12, Dattani Tower, Nr. Macdonalds, S.V. Road, Borivali (W), Mumbai - 400 092.

+91-22-28980730, +91-9820125548

[email protected]

11Gurukulonline Learning Solutions

Mr. Manish Jain Vice President

Shree Krishna niwas, 3rd floor, Shraddhanand Road Extn, Vile Parle (E), Mumbai - 400 057

+91-22-26141111, +91-9322198917

[email protected]

12H. L. Centre for Professional Education

Mr. G. A. Pathak Director

H. L. Centre for Professional Education, H. L. College Campus, University Road, Navrangpura, Ahmedabad - 380 009

+91-79-32915262, +91-9426173888/9426372176

[email protected]

13I Nurture Education Solutions Pvt. Ltd.

Ms. Sharvari Faculty

7/113, 1st floor, Raj Classic, Dr. Raj Kumar Road, Rajajinagar, Bangalore

+91-9611103211 [email protected]

14 IACT Global Mr. Nisha Acharya OperationsIACT Global IACT Corporate Office E-28, Sector-8 Noida: 201301

+91-9990843821, +91-120-4789842

[email protected]

15 IIFP Mr. NiamatullahProgramme Director

2E/8, 2nd Floor, Jhandewalan Ext., New Delhi - 110055

+91-11-43166700, +91-9953755092

[email protected]

16IIJT-Indian Institute of Job Training

Mr. Shajan Samuel Divisional Head

Farha Tower, 1st Floor, adjacent to Barton centre, 83 Mg road, Bangalore: 560001


Education Partners: The following Education Partners have been authorized to provide CFPCM Certification Education Program in India.

V. Education PartnersV


S.No. EP Name Contact Person Designation Address Contact No Email ID

17Indian School of Business & Finance

Head CFP AdmissionsRelationship Executive

15 A, Ring Road, Lajpat Nagar IV, New Delhi - 110024

+91-11-40430000 [email protected]

18International College of Financial Planning

Mr. Rajiv SethJoint Regional Sales Head

3rd Floor, Gulab Bhawan, Near Times of India, 6, Bahadur Shah Jafar Marg, New Delhi-01


19ITM Institute of Financial Markets

Ms. Sabyasachi Mukherjee

Asst. Prof. Finance

7th Floor, "B" Wing, BSEL Tech Park, Opp. Vashi Station, Navi Mumbai-400705

+91-9223313462, 022-27814772

[email protected]

20Knowise Learning Academy

Mr. Karthick C S

# 33, 2nd Floor, Prabhakar Reddy Complex, 6th C Main, HMT Layout, R T Nagar, Bangalore - 560032

+91-80-41726535, +91-9980166321

[email protected]

21L.J. Center for Professional Studies (LJBS)

Mr. Viral Shah Center Head Infotower Ahmedabad-380015+91-79-30120116/26742878

[email protected]

22Mandar Learning Academy Pvt Ltd

Mr. Suman Bhadra InchargeSuite #305 A, 10A Hospital Street, Kolkata-700072 (INDIA)

+91-33-22155590 [email protected]

23MT Educare Ltd.(A holding Company of Mahesh Tutorials)

Mr. Divyen Gada

Head–Financial Learning Programme& BDOM for MT UVA

220, 2nd floor, Neptune's "Flying Colours", Pandit Din Dayal Upadhay Marg, LBS cross road, Mulund(W), Mumbai - 400080

[email protected]

24 NJ Gurukul Pvt. Ltd. Mr. Ajay Jariwala

NJ Center 'B' Tower,801,Udhna Udyog Nagar Commercial Complex,Central Road No. 10,Udhna, Surat-394210


25Pune Institute of Business Management

Pune Institute of Business Management

Survey No. 499, Near Manas Resort, Bhugaon, Tal - Mulashi, Paud, Pune- 411042

+91-9325666621, +91-20-67903100/103

26RNIS College of Financial Planning

Mr. H S Bansil PDAISF Building, ADJ: Lady Sriram College, Amar Colony, Lajpat Nagar-IV, New Delhi

+91- 9818665534 [email protected]

27Sambodhi Research & Management Institute

Ms. Banani GangulySenior Counsellor - Admissions

B 23, Lajpat Nagar II, New Delhi - 110024

+91-11-49242400-99 [email protected]

28SBMJC - Center for Financial Planning & Management

Mr. Raghu G Anand Manager1/1-1; Atria Towers Palace Road, Bangalore – 560 001

+91-80-22353216/[email protected]

29 Smile Education Pvt. Ltd.Mr. Dilip Gala / Ms. Anu Binny

CEO301, BPS Plaza, Devidayal Road ,Mulund (W), Mumbai - 400080

+91-2232223451, +91-67731152/ 9867731687

[email protected]

30Stratagem Financial School

Ms. Tanvi Agarwal Head Operations

1. 201/A, Frontline Lake Shore Towers,Rajbhavan Road, Somajiguda, Hyderabad-500082

[email protected]

31The New Era Education Society

Ms. Srishti Sehgal8th Floor, Ansal Classique Tower, Rajouri Garden, New Delhi- 110027


32Topdot Academic & Professional Services P.LTD

Mr. S. Ganesan Director

New No. 45-10, NSR road, Saibaba Colony, (Rear side of Reliance Mobile Showroom) Coimbatore 641011

+91-422-2400655+91-9444608540

[email protected]

33Trinity Global Education Private Ltd

Mr. Anand KulkarniExecutive Director

Trinity House, Plot No.5/B, Qureshi Nagar, Kurla (East), Mumbai 400 070.

[email protected]

34Vantage Institute of Financial Markets

Mr.Rajesh Dedhia/Mr.Dipesh Rambhia

Director

413, 4th Floor, Bussa Industrial Estate, Hanuman Lane, off Ganpatrao Kadam Marg, Near Peninsula Corporate Park, Lower Parel, W, Mumbai 400013

+91-9819911914 / +91-22-66101186 / 66100748

[email protected]

V Education Partners


Continuous Education: FPSB India awarded CE points to the CFPCM certificants for the following:

VI. Continuous EducationVI

Sr. No. CE Category CE Program/ ActivityCE Points

(CEPs) Admissible

Validity of Program/ Activity

RemarksRelevant

Documents Admissible

1 Authorship

Authorship of Book on Finance or any component of Financial Planning*

15 OngoingBook to be completed in the validity period

Soft/Hard copy or link of book

Authorship of articles in Print/ Electronic Media/Financial Planning Journal

5 OngoingPublished date of the article to be in the validity period

Soft/Hard copy or link of article

Published interview in print media or interview/ panel discussion in electronic media

5 30-Sept-15Published date/ telecast date to be in the validity period

Soft/Hard copy or link of interview

Published quotes in print media or viewpoint/bite in electronic media (per article or appearance)

2 30-Sept-15Published date/ telecast date to be in the validity period

Soft/Hard copy or link of article

2 Qualification

Professional Courses and Certifications (Actuary, CA, CFA, CAIIB, JAIIB, ICWA, CS)

15 OngoingDate of completion to be in the validity period

Photocopy of passing certificate /degree

Higher Academic Qualifications (Post Graduate or Doctorate in Finance, Economics, Econometrics, Mathematics/ Statistics, Law)



Licentiate/Associate/Fellowship of Life Insurance from Insurance Institute of India



MBA (Finance- Part Time) /(except Finance- Full Time)



3Certification/Courses

Mandatory Certifications (NISM-MF, IRDA) other relevant courses of NCFM, BSE, IIBF, NISM, etc.

2 30-Sept-15Date of completion to be in the validity period

Photocopy of passing certificate

Aspiration relevant courses of at least 1-year duration run by professional education entities



LOMA Certification 10 OngoingDate of completion to be in the validity period


4Events/ Meetings

Events, Seminars, Round Table/Conference, Financial Planning Congress, etc. and Workshops organized and /or pre-approved by FPSB India or FPCIL

5 OngoingDate of event to be in the validity period

Participation Certificate/Attendance sheet and Event Agenda

Other events related to one of the Financial Planning components* or other relevant matters on Economy and Finance

2 30-Sept-15Date of event to be in the validity period


Financial Planning Association’s (FPA) Annual Convention in US

10 OngoingStarting Date of convention to be in the validity period


Meetings of the Board of FPSB India and appointed Committees

3 OngoingDate of meeting to be in the validity period



VI Continuous Education

Sr. No. CE Category CE Program/ ActivityCE Points

(CEPs) Admissible

Validity of Program/ Activity

RemarksRelevant

Documents Admissible

4Events/ Meetings

Board Meetings of entities in the BFSI sector

3 OngoingDate of meeting to be in the validity period


5 QuizQuiz in the Financial Planning Journal or solving queries in the Newspapers/other journals

4 OngoingMonth of Journal/ quiz to be in the validity period

Result Sheet

6 Teaching

Training and Teaching assignments other than performed/undertaken as part of profession (Workshops, Institutes, Classroom teaching, etc.) (Full day assignment)

5 30-Sept-15Sessions to be in the validity period.

Acknowledgment letter from the College/Institute mentioning the date, topic & number of hours of lecture/ training/workshop

7 SpeakershipSpeakership in a Seminar, Convention, Conference, etc.

5 30-Sept-15Date of event to be in the validity period

Acknowledgment letter from the College/ Institute mentioning the date, topic & number of hours of lecture/ training/ workshop

8Pro bono work

Pro bono work which can be classified as voluntary contribution to the community helping the deprived people with transfer of knowledge culminating into construction of Financial Plan

5 Ongoing

The construction and submission of the Financial Plan has to be in the applicable period for the award of CEP’s

Copy of the Financial Plan in case of Pro bono work

9 Others

Participation in TV Shows/interviews

3 30-Sept-15Date of Show to be in the validity period

Participation Certificate/Attendance sheet & Event Agenda/ Event schedule

Answering questions/Queries in newspaper/magazines

3 30-Sept-15Date to be in the validity period

Participation Certificate/Attendance sheet & Event Agenda/ Event schedule

* Components of Financial Planning: Financial Management, Asset Management, Risk Management or Insurance Planning,Tax Planning, Retirement Planning and Estate Planning

Important Points:

1The requirement of acquiring 15 CE points (CEPs) is immediately after the issue of initial certification and falls due when the Certificants renews his/her certification at annual intervals.

2 The CEPs are to be acquired in certification period and any excess points are not carried forward in the next certification period.

3The failure to renew on due date apart from late renewal penalty entails requirement of earning extra CEPs only beyond 6 months of due date of renewal.

4Failure to fulfill the Continuous Education criterion within the prescribed period will result in non-renewal of CFP Certification and will also preclude any use of the CFP marks by the Certificants.

5Unsupported, misstated or fraudulent reporting of CE credits shall be viewed seriously and may call for action by FPSB India and may be a ground for disciplinary action leading to revocation of the CFP Certification.


Ethics/Practice Standards disciplinary cases Number of cases

Cases opened NIL

Cases concluded NIL

Number of public disciplines NIL

Number of unauthorized use/misuse of the marks cases processed during the quarter.

Marks disciplinary cases Number of cases

Unauthorized Use *

Cases opened -

Cases concluded -

Misuse **

Cases Opened -

Cases Concluded -

* Unauthorized use cases = Individuals/entities use the Marks without being licensed to do so.

** Misuse cases = Properly licensed individuals/entities use the Marks in a manner which does not comply with FPSB guidelines/trademark law.

VII. Ethics and Discipline / Practice Standards VII

VIII. Marks Promotion/ProtectionVIII


S. No. Issue Title Cover Story

1 December 2013 - January 2014 The Changing Face of Real Estate

2 February-March 2014 Insurance Brokers - An Essential Link In Insurance Distribution

3 April-May 2014 All about Crowdfunding

4 June-July 2014 The Credit Score Conundrum

5 August-September 2014 Real Estate Investment Trusts – An Emerging Asset Class

6 October-November 2014 The rise of automated advisory

7 December 2014 - January 2015Couples and Money Management - Engaging both partners for comprehensive advisories

8 February - March 2015 Thumb Rules – When they work and when they don’t

9 April - May 2015 The Power of Storytelling in Financial Advisory

List of current/upcoming events for inclusion on FPSB India’s website that will be of interest to FPSB Indias stakeholders

Alexa.com Ranking of FPSB India’s website

The ranking of FPSB India’s website www.fpsbindia.org improved drastically to around 10,000 in the run up to March, 2010 from 73,530 as in November, 2009. The ranking is in terms of traffic of visitors on our website and is confined to within the Indian territory.

Date Alexa India Rank

12-Nov-2009 73,530

31-Mar-2010 10,689

31-Mar-2011 35,267

31-Mar-2012 46,782

31-Mar-2014 42,963

31-July-2015 58,291

Sr. No.From Date

To Date

No. of Days

Workshop Theme Venue SpeakersTotal

ParticipantCategory

110-Jan-

1510-Jan-

151

Debt Investments - An important Asset Class for every Portfolio

Delhi Prof. Rishi Mehra 20 Workshop

231-Jan-

1531-Jan-

151

Workshop on Succession Planning- Practical Aspects

Mumbai Arvind A. Rao 11 Workshop

320-

Feb-1521-

Feb-152 Faculty Development Program Mumbai

Pushkar Chugh, Rachana Purohit Khale

4FDP for New Resource Persons

426-

Feb-1526-

Feb-151

Seminar for CFP Certification Awareness- VPM College

MumbaiMr. Ravi Arora and Mr. Sachin Walavalkar

200+

Seminar on CFP CertificationAwareness

521-

Mar-1521-

Mar-151 Role of Equity Investments Delhi

Mr. Ram Kumar Gupta

22 Workshop

627-Jun-

1527-Jun-

151 Workshop on Technical Analysis Mumbai Mr. Chetan Potdar 13 Workshop

727-Jun-

1527-Jun-

151 A Dive into Financial Modeling Delhi Mr. Anand Jhanwar 19 Workshop

820-Jul-

1520-Jul-

151

Workshop on “Understanding Financial Planning in Real Life Scenarios”

Mumbai Ms. Kiran Telang 36 Workshop

924-Jul-

1524-Jul-

151 Regional Chapter Meet: Kolkata Kolkata

Mr. Ravi Arora, Mr. Rahul Banerjee

31Regional Chapter

1001-

Aug-1501-

Aug-151

Workshop on "Minimizing Wealth Erosion through Derivatives"

Delhi Prof. Rishi Mehra 13 Workshop

1122-

Aug-1522-

Aug-151

Workshop on "Minimizing Wealth Erosion through Derivatives"

Mumbai Mr. Austin D'Souza 12 Workshop

IX. Current / Upcoming EventsIX


The updated list of FPSB India’s Board of Directors is given below:

S.No Name Designation Company

1 Justice (Retd.) Shri B.N.Srikrishna Chairman

Former Judge,Supreme Court of India and Former Chairman, Financial Sector Legislative Reforms Commission (FSLRC)

2 Mr. Ranjeet S Mudholkar, CFPCM Vice Chairman and Chief Executive Officer

Vice Chairman & Chief Executive OfficerFPSB India

3 Mr. Cyril Shroff DirectorManaging Partner,Amarchand & Mangaldas & Suresh A Shroff & Co.

4 Mr. Dinesh Khara DirectorManaging Director & Chief Executive Officer,SBI Funds Management Pvt. Ltd.

5 Ms. Monika Halan, CFPCM DirectorEditor-Mint Money,HT Media Ltd.

6 Mr. N Sivaraman DirectorPresident & Whole Time Director,L&T Finance Holdings Ltd.

7 Mr. P. Vijaya Bhaskar DirectorExecutive Director,Reserve Bank of India (RBI)

8 Mr. Pankaj Mathpal, CFPCM DirectorManaging Director & Chief Executive Officer,Optima Money Managers Pvt. Ltd.

9 Mr. Sachindra Nath DirectorGroup Chief Executive Officer,Religare Enterprises Ltd.

10 Mr. Suresh Mahalingam DirectorMember,Group Management Centre,Rajesh Wadhawan Group (Holding entity of DHFL)

X. List of Board of DirectorsX


The updated list of Charter Members of FPSB India is given below:

S.No. Company Representative Designation

1 Aditya Birla Money Mart Limited Mr. Pankaj Razdan Deputy CEO - Financial Services

2 ASK Wealth Advisors Private Limited Mr. Rajesh Saluja CEO & Managing Partner

3 Axis Bank LimitedMr. Satheesh Krishnamurthy

SVP & Head - Affluent Business

4 Bajaj Capital Limited Mr. Rajiv Deep BajajVice Chairman & Managing Director

5 Barclays Bank PLCMr. Satya Narayan Bansal

CEO - Barclays Wealth

6 Birla Sun Life Insurance Company Limited Mr. Ajay SrinivasanChief Executive Financial Services

7 BNP Paribas Investments Services (I) P. Ltd. Mr. Samir Bimal Managing Director & CEO

8 Citibank N.A Ms. Jaya Singh Investment Product Head

9 Deutsche Bank AG Mr. Atin Kumar SahaManaging Director / Head, Western region

10 Dewan Housing Finance Corporation Ltd Mr. Suresh MahalingamMember-Group Management Centre

11 Dynamic Equities Private Limited Mr. Shailesh Saraf Managing Director

12 Edelweiss Financial Services Limited Mr. Vikass M Sachdeva Chief Executive Officer

13Franklin Templeton Asset Management (India) Private Limited

Mr. Vivek Kudva MD India & CEEMEA

14Geojit BNP Paribas Financial Services Limited

Mr. C.J. George Managing Director

15 HDFC Asset Management Company Limited Mr. Milind Barve Managing Director & CEO

16 HSBC Limited Mr. Gautam Kalia Vice President – Investments

17 ICICI Bank Limited Dr. G Ramachandran Head Global Research Group

18ICICI Prudential Asset Management Company Limited

Mr. Nimesh Shah Managing Director

19ICICI Prudential Life Insurance Company Limited

Mr. Puneet Nanda Executive Director

20 ICICI Securities Limited Mr. Anup Bagchi Managing Director & CEO

21 IFAN Finserv Private Limited Mr. Rajan Pathak President & Head of Business

22 Karvy Stock Broking LimitedMr. Hrishikesh Parandekar

CEO and Group Head - Broking, Wealth Management and Asset Management

23 Kotak Mahindra Bank Limited Mr. C. Jayaram Joint Managing Director

24 L&T Finance Holdings Ltd Mr. N SivaramanPresident & Whole Time Director

25 L&T Mutual Fund Mr. Kailash Kulkarni Chief Executive Officer

XI. List of Charter Members of FPSB IndiaXI


S.No. Company Representative Designation

26 Life Insurance Corporation of India Mr. S.K. Roy Chairman

27 Motilal Oswal Securities Limited Mr. Ashish Somaiyaa MD & CEO

28 Networth Stock Broking Limited Mr. S.P. Jain Chairman & Managing Director

29 Padmakshi Financial Services LimitedMr. Sean Kelleher / Mr. Rohit Chotani

Group Director

30 PNB Metlife Insurance Company Limited Mr. Tarun Chugh Managing Director

31Principal Pnb Asset Management Company Private Limited

Mr. Rajan Ghotgalkar Managing Director & Country Head

32 Reliance Capital Asset Management Limited Mr. Sundeep Sikka President & CEO

33 Reliance Life Insurance Company Limited Mr. Anup Rau CEO & Executive Director

34 Reliance Securities Limited Mr. Vikrant Gugnani Executive Director

35 Religare Enterprises Limited Mr. Sunil Godhwani Chairman & Managing Director

36 SBI Funds Management Private LimitedMr. Dinesh Kumar Khara

Managing Director & CEO

37 SBI Life Insurance Company Limited Mr. Arijit Basu Managing Director & CEO

38 SKP Securities Limited Mr. Naresh Pachisia Managing Director

39 Standard Chartered Bank Mr. Vishal Kapoor Head Relationship Management - Pvt. Bank India

40 State Bank of IndiaMr. Rabindra Kumar Mohanty

Premier Banking Services, PBBU

41 TATA AIA Life Insurance Company Limited Mr. Naveen Tahilyani Managing Director & CEO

42 TATA Asset Management Limited Mr.R Ganesh CEO & MD

43 UTI AMC Limited Mr. Debashish Mohanty Country Head – Retail Sales

44 World Gold Council Mr. Somasundaram PR Managing Director

XIList of Charter Members of FPSB India

fpsb india - july report

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