ANNUAL REPORT 2013-2014 - FPSB · PDF fileANNUAL REPORT 2013-2014. FPSB INDIA REPORT | mARch 2014 ... India is to further the efforts of such an SRO through proper education and training

FPSB INDIA REPORT | mARch 2014 | 1

FPSB India

ANNUALREPORT

2013-2014



Between You and Me

Date : 08 April, 2014

Dear Friend,

Financial Planner continues to be amongst the Top 10 jobs in the careercast 2013 rankings of America’s 200 jobs. Financial Planner was ranked as the 5th 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 rose to 1,843 as on 31 December 2013 while the number globally crossed 1.53 lakh. 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. Securities and Exchange Board of India (SEBI) has invited applications from organizations of intermediaries for recognizing an appropriate body as a Self Regulatory Organization (SRO) for mutual Fund Distributors. The vision of FPSB India is to further the efforts of such an SRO through proper education and training of distributors to enable them evolve at the next level, i.e. advisers. There must be a proper segregation of intermediaries into segments of pure advisers and distributors. The ultimate aim is to engineer a convergence of advisory so that the SRO is co-opted by all regulators, viz. Insurance, Pension and Banking. The cFP certification aims as harmonizing such diverse financial domains on the Personal Finance platform for an individual’s disciplined achievement of financial goals. 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


cONTENT1. membership / cFPcm Professional Statistics 05

2. Examination 11

3. Area wise distribution of cFPcm certificants 15

4. charter member-wise numbers of cFPcm certificants 17

5. Education Partners 19

6. continuous Education 21

7. current / Upcoming Events 23

8. Ethics and Discipline / Practice Standard marks Promotion / Protection 24

9. List of Board of Directors 25

10. List of charter members of FPSB India 26


MeMbership / CFpCM proFessional statistiCs

1. Number of cFPcm certificants and change since month

2. Demographic information on cFPcm certificants

Gender Number Percentage of Totalmale 1511 81.72%

Female 338 18.28%

Age Number Percentage of Total20-29 190 10.28%

30-39 826 44.67%

40-49 581 31.42%

50-59 211 11.41%

60+ 41 2.22%

categoryNumber at end of Feb, 2014

Number at end of march, 2013

Percentage growth

cFPcm certificants 1,849 1,735 6.57%

Student 31,110 28,890 7.68%

AFP 67 109 -38.53%

corporate 47 50 -6%

1

MaleFemale

81.72%

18.28%

Demographic Information on cFPcm certificants Number (Gender Wise)

Age 20-29

Age 30-39

Age 40-49

Age 50-59

Age 60+

10.28%

44.67% 31.42%

11.41%

2.22%

Demographic Information on cFPcm certificants Number (Age Wise)

Years of Experience Number of cFPcm Professionals Percentage of Total

0-5 473 25.58%

6-10 685 37.05%

11-15 285 15.41%

16-20 201 10.87%

20+ 205 11.09%


Student member Enrollment Statistics

2013 - 14* Enrollments

TermApr- 13

may-13

Jun-13

Jul-13

Aug-13

Sep-13

Oct-13

Nov-13

Dec-13

Jan-14

Feb-14

mar-14

Total

Total 138 169 102 216 180 195 177 295 232 208 188 120 2220

Enrollments & Growth Rate (Year-wise)

Enrollment Year No of Enrollments Growth Rate2002 -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 (29.12)

Total 31,110


0-5 Years

6-10 Years

11-15 Years

16-20 Years

20+ Years

25.58%

37.05%

15.41%

10.87%

11.09%

Experience Profile of cFPcm certificants

Growth of Student Enrolment Year wise Trend of candidates Passed vs. Eligible for certification

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

Number of People Eligible forCFP Certification

Number of People who havepassed all 5 Examinations

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

Number of StudentEnrollments



Profile of Enrollments in the last three years

PeriodRegular Pathway

challenge Status Pathway

Total EnrollmentsEducation Partner mode

Self Study mode Total

2013-14 1456 (-33%) 764 (-21%) 2220 (-29%) 289 (-37%) 2509 (-30%)

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

2011-12 3156 (-16%) 914 (41%) 4070 (-7%) 641 (15%) 4711 (-5%)

Percentage of Enrollments – Pathways and modes – in the last three years





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

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

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

Year Education Partner mode Self Study mode challenge Status Pathway2013-14 43% 48% 41%

2012-13 40% 46% 33%

2011-12 41% 44% 48%

Pass Percentage across Pathways and modes

Total Enrollments during the Year 2013-14 and comparison over previous year





Apr-mar 2014 1456 (-33%) 764 (-21%) 2220 (-29%) 289 (-37%) 2509 (-30%)

Apr-mar 2013 2165 967 3132 460 3592

Figures in Bracket represent Percentage change in 2013-14 versus 2012-13

Figures in Bracket represent Percentage change over the previous year


cFPcm certificantsIndependent Practitioners

(I)corporate Executives

(c)Others (O) Total Eligible

Spl. case#

Not* EligibleGrand Total

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

challenge Status (cS) -- -- -- -- -- -- --

Total 29 103 13 145 2 18 163

Details of cFPcm certificants’ statistics: 31st march, 2006




Spl. case#




challenge Status (cS) -- 11 (cSc) -- 11 -- -- 11

Total 59 156 24 239 2 43 282






Spl. case#


Grandfatherees (GF) 8 (GFI) 66 (GFc) 8 (GFO) 82 1 -- 82

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


Total 8 66 8 82 1 -- 82





Spl. case#



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


Total 28 90 10 128 1 1 129


Statistics of cFPcm certificants:




Spl. case#



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


Total 8 24 7 39 1 -- 39







Spl. case#




challenge Status (cS) 4 (cSI) 24 (cSc) 1 (cSO) 29 1 0 29

Total 103 229 33 365 5 110 475




(I)

corporate Executives


Fees Paid

Fees Not Paid

Spl. case#


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)



Fees Paid

Fees Not Paid

Spl. case#


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

challenge Status (cS) 28 (cSI) 263 (cSc) 1 (cSO) 292 201 91 18 19 311

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



(I)


(c)

Others (O)

Total Eligible

Fees for FY 2010 - 11Fees Not Paid

Not Eligible due to

Total Not

Eligible

Grand TotalRecd.

Before31st 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


Details of cFPcm certificants’ statistics: As on 31st march, 2014


(I)


(c)Others (O)

Total Eligible

Fees Received forFY 2013-14

Fees Not Paid

Not Eligible# due to

Total Not

Eligible

Grand TotalBefore

31-mar '13

After 31-mar

'13Total

Non-Payment

Incomplete Documents


Education Provider (EP) 461 (EPI) 840 (EPc) 176 (EPO) 1477 66 1240 1306 171 521 1473 1994 3471

challenge Status (cS) 90 (cSI) 508 (cSc) 2 (cSO) 600 15 488 503 97 388 2 390 990

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


Details of cFPcm certificants’ statistics: As on 31st march 2013


(I)


(c)

Others (O)

Total Eligible


Fees Not Paid

Not Eligible due toTotal Not

Eligible

Grand TotalBefore

31st mar '12

After 31st mar

‘12Total

Non-Payment

Incomplete Documents


Education Provider (EP) 452 (EPI) 834 (EPc) 143 (EPO) 1429 0 1254 1254 175 385 1372 1757 3186


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

#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.



(I)


(c)Others (O)

Total Eligible


Fees Not Paid

Not Eligible due to

Total Not

Eligible

Grand TotalRecd.

Before31st mar

11

Recd.After

31st mar 11

TotalNon-

PaymentIncomplete Documents


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


Total 504 1401 117 2022 9 1618 1627 395 465 1133 1598 3620


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%


Exam 1 - Risk Analysis and Insurance Planning 2,229 1,116 1,113 50.07%Exam 2 - Retirement Planning & Employee Benefits 2,257 1,051 1,206 46.56%Exam 3 - Investment Planning 1,855 959 896 51.70%Exam 4 - Tax & Estate Planning 1,839 855 984 46.49%Total 8,180 3,981 4,199 48.67%

Examination Statistics (Exam 1-4)

exaMination 2Information on Examinations administered during FY 2013 - 2014

Exam typeNumber of students enrolled in

education coursesTotal number of exam

takersPass rate Date(s) of exam

Serial Exam leading to cFP certification (Exam 1-4)

2220 4487 35.30% Daily Basis

cFP certification Exam(Exam 5/challenge Status)

289 985 43.55% Daily Basis


Exam 1 - Risk Analysis and Insurance Planning 2192 987 1205 45.03% Exam 2 - Retirement Planning & Employee Benefits 2332 1033 1299 44.30% Exam 3 - Investment Planning 1731 866 865 50.03% Exam 4 - Tax & Estate Planning 1978 768 1210 38.83% Total 8233 3654 4579 44.38%

Examination Statistics - ( 2012-13)Name of Exam Appeared Passed Failed Pass%

Exam 1 - Risk Analysis and Insurance Planning 2096 877 1219 41.84% Exam 2 - Retirement Planning & Employee Benefits 2012 852 1160 42.35 %Exam 3 - Investment Planning 1609 751 858 46.67 %Exam 4 - Tax & Estate Planning 1787 663 1124 37.10%Total 7504 3143 4361 41.88%

Examination Statistics - ( 2013-14)Name of Exam Appeared Passed Failed Pass%

Exam 1 - Risk Analysis and Insurance Planning 1289 403 886 31.26%Exam 2 - Retirement Planning & Employee Benefits 1315 355 960 27.00%Exam 3 - Investment Planning 892 445 447 49.89%Exam 4 - Tax & Estate Planning 991 381 610 38.45%Total 4487 1584 2903 35.30%


exaMination

month wise breakup of Examination Statistics for the year 2013 -14

Name of Exam Appeared Passed Failed Pass%

Exam 1 - Risk Analysis and Insurance Planning 149 33 116 22.15% Exam 2 - Retirement Planning & Employee Benefits 139 30 109 21.58% Exam 3 - Investment Planning 128 52 76 40.63% Exam 4 - Tax & Estate Planning 118 33 85 27.97%Total 534 148 386 27.72%

Examination Statistics - April 2013



Examination Statistics - may 2013


Exam 1 - Risk Analysis and Insurance Planning 100 23 77 23.00%Exam 2 - Retirement Planning & Employee Benefits 98 20 78 20.41%Exam 3 - Investment Planning 71 32 39 45.07%Exam 4 - Tax & Estate Planning 89 39 50 43.82%

Total 358 114 244 31.84%

Examination Statistics - June 2013


Exam 1 - Risk Analysis and Insurance Planning 140 49 91 35.00%

Exam 2 - Retirement Planning & Employee Benefits 105 30 75 28.57%Exam 3 - Investment Planning 89 40 49 44.94%Exam 4 - Tax & Estate Planning 105 36 69 34.29%Total 439 155 284 35.31%

Examination Statistics - July 2013



Examination Statistics - August 2013



Examination Statistics - September 2013



Examination Statistics - October 2013


month wise breakup of Examination Statistics for the year 2013 -14



Examination Statistics - November 2013



Examination Statistics - December 2013



Examination Statistics - January 2014


Exam 1 - Risk Analysis and Insurance Planning 117 40 77 34.19% Exam 2 - Retirement Planning & Employee Benefits 109 44 65 40.37%Exam 3 - Investment Planning 60 30 30 50.00%Exam 4 - Tax & Estate Planning 72 26 46 36.11% Total 358 140 218 39.11%

Examination Statistics - February 2014



Examination Statistics - march 2014

exaMination

cFPcm certification Exam 5 & cSP Examination Statistics 2010 -11Particulars Appeared Passed Failed Pass %

Total 1381 882 499 63.87%cFPcm certification Exam 5 & cSP Examination Statistics 2011- 12

Particulars Appeared Passed Failed Pass %Total 1198 711 487 59.35%

cFPcm certification Exam 5 & cSP Examination Statistics 2012-13Particulars Appeared Passed Failed Pass %

Total 1315 521 794 39.62% cFPcm certification Exam 5 & cSP Examination Statistics 2013-14

Particulars Appeared Passed Failed Pass %Total 985 429 556 43.55%

Examination Statistics (Exam 5 / challenge Status Exam)

* As on 31st march, 2014


month wise breakup of Exam 5 & cSP Statistics for the year 2013-14

April – 13Pathway Appeared Passed Failed Pass %Regular 63 30 33 47.62%challenge Status 31 11 20 35.48%Total 94 41 53 43.62%

may – 13Pathway Appeared Passed Failed Pass %Regular 66 30 36 45.45%challenge Status 34 17 17 50.00%Total 100 47 53 47.00%

June – 13Pathway Appeared Passed Failed Pass %Regular 42 16 26 38.10%challenge Status 19 10 9 52.63%Total 61 26 35 42.62%

July – 13Pathway Appeared Passed Failed Pass %Regular 72 24 48 33.33%challenge Status 26 12 14 46.15%Total 98 36 62 36.73%

August – 13Pathway Appeared Passed Failed Pass %Regular 82 39 43 47.56%challenge Status 31 11 20 35.48%Total 113 50 63 44.25%

September – 13Pathway Appeared Passed Failed Pass %Regular 57 25 32 43.86%challenge Status 23 9 14 39.13%Total 80 34 46 42.50%

October – 13Pathway Appeared Passed Failed Pass %Regular 64 28 36 43.75%challenge Status 32 15 17 46.88%Total 96 43 53 44.79%

November – 13Pathway Appeared Passed Failed Pass %Regular 43 21 22 48.84%challenge Status 19 5 14 26.32%Total 62 26 36 41.94%

December – 13Pathway Appeared Passed Failed Pass %Regular 33 16 17 48.48% challenge Status 16 4 12 25.00%Total 49 20 29 40.82%

January – 14Pathway Appeared Passed Failed Pass %Regular 71 32 39 45.07%challenge Status 37 19 18 51.35%Total 108 51 57 47.22%

February – 14Pathway Appeared Passed Failed Pass %Regular 39 19 20 48.72% challenge Status 23 9 14 39.13 %Total 62 28 34 45.16%

march – 14Pathway Appeared Passed Failed Pass %Regular 36 19 17 52.78%challenge Status 27 9 18 33.33%Total 63 28 35 44.44%

exaMination


area-Wise DistribUtion oF CFpCM proFessions eliGible For CertiFiCation3

Sr. no. Region Total % to Total certificants

1 East 116 6%

2 North 341 18%

3 South 392 21%

4 West 1000 54%

Total 1849 100%

Region-Wise

Sr. no. city Total % to Total certificants

1 mumbai 594 32%

2 Delhi 157 8%

3 Bengaluru 144 8%

4 Pune 107 6%

5 chennai 98 5%

6 Kolkata 76 4%

7 Ahmedabad 74 4%

8 hyderabad 63 3%

Total top 8 cities 1313 71%

Other cities 536 29%

Total Eligible certificants 1849 100%

city-Wise


Sr. no. city Total certificants % to Total certificants

1 Andhra Pradesh 73 4%

2 Assam 8 --

3 Bihar 5 --

4 chandigarh 12 1%

5 chhattisgarh 3 --

6 Dadra and Nagar haveli 1 --

7 Delhi 157 8%

8 Goa 15 1%

9 Gujarat 151 8%

10 haryana 47 3%

11 himachal Pradesh 2 --

12 Jharkhand 8 --

13 Karnataka 160 9%

14 Kerala 28 2%

15 madhya Pradesh 32 2%

16 maharashtra 801 43%

17 manipur 1 --

18 Orissa 8 --

19 Pondicherry 2 --

20 Punjab 23 1%

21 Rajasthan 32 2%

22 Tamil Nadu 129 7%

23 Uttar Pradesh 64 3%

24 Uttarakhand 4 --

25 West Bengal 83 4%

Grand Total 1849 100%

State-Wise

area-Wise DistribUtion oF CFpCM proFessions eliGible For CertiFiCation


Charter MeMber-Wise nUMbers oF CFpCM CertiFiCants 4

Sr. No. charter members


Regular Pathway

Total

2012-13 2013-14 2012-13 2013-14

2012-13 2013-14As on mar 31, 2013

As on mar 31, 2014

As on mar 31, 2013

As on mar 31, 2014

1 Aditya Birla money mart Limited 0 1 3 1 3 2

2 Alliance Bernstein 0 0 0 0 0 0

3 ASK Wealth Advisors Private Limited 0 0 3 4 3 4

4 Axis Bank Limited 5 6 7 8 12 14

5 Bajaj capital Limited 0 0 5 6 5 6

6 Barclays Bank PLc 0 0 1 0 1 0

7 Birla Sun Life Insurance company Limited 1 1 11 10 12 11

8 BNP Paribas Investments Services (I) P. Ltd. 3 3 0 0 3 3

9 citibank N.A 7 8 1 0 8 8

10 Destimoney Securities Private Limited 0 1 1 0 1 1

11 Deutsche Bank AG 1 1 2 2 3 3

12 Dhanlaxmi Bank Limited 0 0 0 0 0 0

13 Dynamic Equities Private Limited 1 0 0 0 1 0

14 Edelweiss Financial Services Limited 1 0 3 1 4 1

15 Franklin Templeton Asset management (India) Private Limited 1 3 0 0 1 3

16 Geojit BNP Paribas Financial Services Limited 0 1 4 3 4 4

17 hDFc Asset management company Limited 5 5 6 6 11 11

18 hSBc Limited 1 0 4 2 5 2

19 IcIcI Bank Limited 10 16 3 4 13 20

20 IcIcI Prudential Asset management company Limited 1 0 3 4 4 4

21 IcIcI Prudential Life Insurance company Limited 2 5 8 6 10 11

22 IcIcI Securities Limited 19 22 11 9 30 31

23 IFAN Finserv Private Limited 0 0 0 0 0 0

24 Karvy Stock Broking Limited 0 2 1 1 1 3


Charter MeMber-Wise nUMbers oF CFpCM CertiFiCants

Sr. No. charter members


Regular Pathway

Total

2012-13 2013-14 2012-13 2013-14

2012-13 2013-14As on mar 31, 2013

As on mar 31, 2014

As on mar 31, 2013

As on mar 31, 2014

25 Kotak mahindra Bank Limited 7 7 5 5 12 12

26 L&T General Insurance company Limited 0 0 0 0 0 0

27 L&T mutual Fund 0 0 0 0 0 0

28 Life Insurance corporation of India 5 7 32 33 37 40

29 mirae Asset Global Investments (I) Pvt. Ltd. 1 0 1 1 2 1

30 motilal Oswal Securities Limited 2 6 1 1 3 7

31 Networth Stock Broking Limited 0 0 0 0 0 0

32 Padmakshi Financial Services Limited 1 0 0 0 1 0

33 PNB metlife Insurance company Limited 0 1 0 0 0 1

34 Principal PNB Assest management company Private Limited 0 0 0 1 0 1

35 Reliance capital Asset management Limited 5 5 1 0 6 5

36 Reliance Life Insurance company Limited 1 3 2 2 3 5

37 Reliance Securities Limited 3 3 0 0 3 3

38 Religare Enterprises Limited 0 0 0 0 0 0

39 SBI Funds management Private Limited 4 5 6 5 10 10

40 SBI Life Insurance company Limited 1 3 0 0 1 3

41 SKP Securities Limited 0 0 0 0 0 0

42 Standard chartered Bank 2 1 0 1 2 2

43 State Bank of India 47 44 36 27 83 71

44 TATA AIA Life Insurance company Limited 1 1 9 10 10 11

45 TATA Asset management Limited 3 2 0 0 3 2

46 UTI Amc Limited 14 14 12 13 26 27

47 World Gold council 0 0 0 0 0 0

Grand Total 155 177 182 166 337 343


eDUCation partners5Sr.No. EP Name contact Person Designation Address contact No Email ID

1 Abhinandan Institute Of Financial Planning(AIFP) ms. Neha Bhatt manager 8 hiral Arcade Opp. New civil court,

Athwalines, Surat +91-261-4028080 [email protected]

2 AcE School for Professional Studies ms. charu Kaushik VP(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]

4 Ambition 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]

5 Anagram Knowledge Academy Ltd.

mr. Prashant V Shah

Jr. Knowledge Officer

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

+91-9227408080 [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 Director Gulab Bhawan, 4th Floor, 6, Bahadur Shah Zafar marg, New Delhi-2

+91-11-43702201/202

[email protected]

8 FINANcIAL PLANNING AcADEmY (FPA)

mr. Ninad m mondkar

chief 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]

10 Global 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]

11 Gurukulonline 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]

12 h. 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]

13 I 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 Operations IAcT Global IAcT corporate Office E-28, Sector-8 Noida: 201301

+91-9990843821, +91-120-4789842 [email protected]

15IcIcIdirect centre for Financial Learning (IcFL)

mr. Neeraj Joshi

head-IcIcI direct center for Financial Learning

Shree Sawan Knowledge Park, Plot No. D-507, T.T.c Industrial Area, m.I.D.c, Turbhe, Navi mumbai-400705

+91-22 40701000 [email protected]

16 IIFP mr. Niamatullah Programme Director

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

+91-11-43166700, +91-9953755092 [email protected]

17 IIJT-Indian Institute of Job Training mr. Shajan Samuel Divisional

head

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


18 Indian School of Business & Finance

head cFP Admissions

Relationship Executive

15 A, Ring Road, Lajpat Nagar IV, New Delhi - 110024 +91-11-40430000 [email protected]

Education Partners: The following Education Partners have been authorized to provide cFPcm certification Education Program in India.


eDUCation partners

Sr.No. EP Name contact Person Designation Address contact No Email ID

19 International college of Financial Planning mr. Rajiv Seth Joint Regional

Sales head

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


20 ITm 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]

21 Knowise 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]

22L.J. center for Professional Studies (LJBS)

mr. Viral Shah center head Infotower Ahmedabad-380015 +91-79-30120116/ 26742878 [email protected]

23 mandar Learning Academy Pvt Ltd mr. Suman Bhadra Incharge Suite #305 A, 10A hospital Street,

Kolkata-700072 (INDIA) +91-33-22155590 [email protected]

24mT 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

+919820833373 [email protected]

25 NJ Gurukul Pvt. Ltd. mr. Ajay Jariwala

NJ center 'B' Tower,801,Udhna Udyog Nagar commercial complex,central Road No. 10,Udhna, Surat-394210


26 Pune 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

27 RNIS college of Financial Planning mr. h S Bansil PD

AISF Building, ADJ: Lady Sriram college, Amar colony, Lajpat Nagar-IV, New Delhi

+91- 9818665534 [email protected]

28 Sambodhi Research & management Institute

ms. Banani Ganguly

Senior counsellor - Admissions

B 23, Lajpat Nagar II, New Delhi - 110024

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

29SBmJc - center for Financial Planning & management

mr. Raghu G Anand manager 1/1-1; Atria Towers Palace Road,

Bangalore – 560 001+91-80-22353216/120

[email protected]

30 Smile Education Pvt. Ltd.

mr. Dilip Gala / ms. Anu Binny cEO 301, BPS Plaza, Devidayal Road

,mulund (W), mumbai - 400080

+91-2232223451, +91-9867731152/ 9867731687

[email protected]

31 Stratagem Financial School ms. Tanvi Agarwal head

Operations

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


32 The New Era Education Society ms. Srishti Sehgal 8th Floor, Ansal classique Tower,

Rajouri Garden, New Delhi- 110027 +91-9650391592 [email protected]

33Topdot 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]

34 Trinity Global Education Private Ltd mr. Anand Kulkarni Executive

Director

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

[email protected]

35 Vantage 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]


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

531-mar-

13

Published 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)

231-mar-

13

Published 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.

231-mar-

13

Date of completion to be in the validity period

Photocopy of passing certificate

Aspirational 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

231-mar-

13Date 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


Board meetings of entities in the BFSI sector 3 OngoingDate of meeting to be in the validity period


ContinUoUs eDUCation6FPSB India has the following activities and programs admissible for continuous professional development of certificants which will be considered for renewal of cFP certification:


1 The requirement of acquiring 15 cE points (cEPs) is immediately after the issue of initial certification and falls due when the certificant 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.

3 The 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.

4 Failure 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 certificant.

5 Unsupported, 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.

Sr. No.

cE category cE Program/ ActivitycE Points (cEPs) Ad-missible

Validity of Program/ Activity

RemarksRelevant Documents

Admissible

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

4 31-mar-13month 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 31-mar-13Sessions 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 31-mar-13Date 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

8 Pro 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 cEPs

copy of the Financial Plan constructed for the household in case of Pro bono work

9 Others

Participation in TV Shows/interviews 3 31-mar-13Date of Show to be in the validity period

Participation cer-tificate/Attendance sheet & Event Agen-da/ Event schedule

Answering questions/Queries in newspaper/magazines

3 31-mar-13Date to be in the validity period

Participation cer-tificate/Attendance sheet & Event Agen-da/ Event schedule

* components of Financial Planning: Financial management, Asset management, Risk management or Insurance Planning, Tax Planning, Retirement Planning and Estate Planning

Important Points:

ContinUoUs eDUCation


CUrrent / UpCoMinG events

7List of current/upcoming events for inclusion on FPSB India’s website that will be of interest to FPSB Indias stakeholders

Date Event Location

Nov 18, 2013 Financial Planning Symposium 2013-2014 The club, Andheri (West), mumbai

Financial Planning Standards Board India (FPSB India) organized the Financial Planning Symposium 2013-14 on November 18, 2013 at The club, D.N. Nagar, Andheri (West), mumbai-400053 on the theme of “managing Financial Planning Practice amidst Dynamic Economic Environment”.

A delegation comprising of senior financial planners, including the past Presidents of the Financial Planning Association (FPA), U.S. had visited India.

FPSB India organized a series of engagements for the said Delegation for facilitating mutual learning opportunities amongst the Financial Planning community in India and U.S.

The Symposium had the participation of senior professionals from

the financial sector regulators and from the leading financial services organizations in India as well. The members of the FPA Delegation participated in the Financial Planning Symposium 2013-14 as speakers/panellists.

Session I:• Need for Regulations in Financial Advisory – Implications for Financial

Planning

Session II:• Retirement Planning – The Emerging Scenario in India and the Global

Experience

Session III:• Financial Planning and Life Planning

Session IV:• Segmenting Practice – Serving Different Demographics and Segments

Session V:• Delivering Financial Planning – The Growing Emphasis on Soft Skills

Financial Planning Symposium 2013-14 was a one day event which attempted to connect the financial planning practitioners in India and U.S. on a common platform along with other stakeholders to deliberate upon the regulatory and practice aspects related to the financial planning profession. 180 delegates were present at the event.

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


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 Promotion/Protection

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.

ethiCs anD DisCipline / praCtiCe stanDarDs8


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

list oF boarD oF DireCtors9S.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 Vice chairman and cEOVice chairman & chief Executive OfficerFPSB India

3 mr. cyrill Shroff Directormanaging PartnerAmarchand & mangaldas & Suresh A Shroff & co.

4 ms. monika halan DirectorEditor -mint moneyhT media Ltd.

5 mr. milind Barve Directormanaging Director & cEOhDFc Amc. Ltd.

6 mr. N Sivaraman DirectorPresident & Whole Time DirectorL&T Finance holdings Ltd.

7 mr. P. Vijaya Bhaskar DirectorExecutive DirectorReserve Bank of India (RBI)

8 mr. Rajan Ghotagalkar Directormanaging DirectorPrincipal PNB Asset management co. Pvt. Ltd.

9 mr. Rakesh Jain DirectorExecutive Director & cEOReliance General Insurance co. Ltd.

10 mr. Suresh mahalingam Directormanaging Director TATA AIA Life Insurance co. Ltd.

11 mr. Suresh Sadagopan DirectorFounderLadder7 Financial Advisories

12 mr. Vivek Kudva Directormanaging Director – India & cEEmEA (central & Eastern Europe, middle East & Africa)Franklin Templeton Asset management (I) Pvt. Ltd.

13 mr. Vivek Law DirectorEditorBloomberg TV India


The list of charter members of FPSB India is given below:

list oF Charter MeMbers oF Fpsb inDia10

S.No. company Representative Designation

1 Aditya Birla money mart Limited mr. Pankaj Razdan Deputy cEO - Financial Services

2 Alliance Bernstein mr. Shailesh haribhakti Representative

3 ASK Wealth Advisors Private Limited. mr. Rajesh Saluja cEO & managing Partner

4 Axis Bank Limited mr. himadri S chatterjee EVP & head (channels)

5 Bajaj capital Limited. mr. Rajiv Deep Bajaj Vice chairman & managing Director

6 Barclays Bank PLcmr. Satya Narayan Bansal

cEO - Barclays Wealth

7 Birla Sun Life Insurance company Limited mr. Ajay Srinivasan chief Executive Financial Services

8 BNP Paribas Investments Services (I) P. Ltd. mr. Samir Bimal managing Director & cEO

9 citibank N.A ms. Jaya Singh Investment Product head

10 Destimoney Securities Private Limitedmr. Sudip Bandyopadhyay

President

11 Deutsche Bank AG mr. Ajay Bagga head & mD of Private Wealth mgmt.

12 Dhanlaxmi Bank Limited mr. PG Jayakumar managing Director & cEO

13 Dynamic Equities Private Limited mr. Shailesh Saraf managing Director

14 Edelweiss Financial Services Limited mr. Vikaas m Sachdeva chief Executive Officer

15 Franklin Templeton Asset management (India) Private Limited mr. Vivek Kudva mD India & cEEmEA

16 Geojit BNP Paribas Financial Services Limited mr. c.J. George managing Director

17 hDFc Asset management company Limited. mr. milind Barve managing Director & cEO

18 hSBc Limited ms. Shwaita Vaish SVP & head - Investment Advisory Services

19 IcIcI Bank Limited Dr. G Ramachandran head Global Research Group

20 IcIcI Prudential Asset management company Limited mr. Nimesh Shah managing Director

21 IcIcI Prudential Life Insurance company Limited mr. Puneet Nanda Executive Director

22 IcIcI Securities Limited mr. Anup Bagchi managing Director & cEO

23 IFAN Finserv Private Limited mr. Rajan Pathak Vice President & National head

24 Karvy Stock Broking Limitedmr. hrishikesh Parandekar

chief Executive - Wealth management


list oF Charter MeMbers oF Fpsb inDia

S.No. company Representative Designation

25 Kotak mahindra Bank Limited mr. c. Jayaram Executive Director

26 L&T General Insurance company Limited mr. Joydeep Roy chief Executive & Whole Time Director

27 L&T mutual Fund ms. Ashu Suyash chief Executive Officer

28 Life Insurance corporation of India mr. D.K. mehrotra chairman

29 mirae Asset Global Investments (I) Pvt. Ltd. mr. Jisang Yoo cEO & Director (Associate)

30 motilal Oswal Securities Limited mr. Nimesh mehta head – Sales & Distribution

31 Networth Stock Broking Limited mr. S.P. Jain chairman & managing Director

32 Padmakshi Financial Services Limited mr. Sean Kelleher / mr. Rohit chotani

Group Director

33 PNB metlife Insurance company Limited mr. Rajesh Relan managing Director

34 Principal PNB Amc Private Limited mr. Rajan Ghotgalkar managing Director & country head

35 Reliance capital Asset management Limited mr. Sundeep Sikka President & cEO

36 Reliance Life Insurance company Limited mr. malay Ghosh President

37 Reliance Securities Limited mr. Vikrant Gugnani Executive Director

38 Religare Enterprises Limited mr. Sunil Godhwani chairman & managing Director

39 SBI Funds management Private Limited mr. Dinesh Kumar Khara managing Director

40 SBI Life Insurance company Limited mr. Atanu Sen managing Director & cEO

41 SKP Securities Limited mr. Naresh Pachisia managing Director

42 State Bank of India mr. Rajeev N mehra General manager

43 Standard chartered Bank mr. Vishal Kapoorhead Relationship management - Pvt. Bank India

44 TATA AIA Life Insurance company Limited mr. Suresh mahalingam managing Director

45 TATA Asset management Limited.mr. Arvind Sethi / mr. Dharmendra Satapathy

managing Director & cEO

46 UTI Amc Limited mr. Debashish mohanty country head – Retail Sales

47 World Gold council mr. Somasundaram PR managing Director
