FPSB INDIA JUNE REPORT 2018 · In India, Financial Planning is increasingly relevant as an art and...

FPSB INDIA REPORT MAY 2015| 1 FPSB INDIA | JUNE REPORT | 2018 | 1

FPSB INDIA

2018JUNE REPORT

FPSB INDIA | JUNE REPORT | 2018 | 2


Between You and Me

Financial Planner/ Financial Adviser/ Financial Analyst related to providing guidance to businesses and individuals in making investment decisions continues to be amongst the best jobs as well as the most lucrative ones reported in the CareerCast 2016 rankings of America’s 200 jobs. Financial Analyst was ranked as the 27th best job with projected growth being in the first quartile. Moreover, in the recent 2017 report of CareerCast, Financial Adviser has been ranked at number 2 as the most-in-demand jobs. It mentions that “Qualified Financial Advisors have no shortage of opportunities in the coming years. The Bureau of Labour Statistics (US) projects growth of 30% by 2024, forecasting demand from employers that might be difficult to keep pace with.

In India, Financial Planning is increasingly relevant as an art and science to create and manage wealth in a disciplined manner and 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 worldwide has marched past 1.70 lakh as on 31 December 2016 while in India the number has crossed 2,000 while more than 5,700 candidates are reckoned as eligible to receive CFP certification in India.

India’s vast middle class population requires Financial Planning services to achieve their life goals. The CFPCM Certification is an accredited certification to register as Registered Investment Adviser with the Securities and Exchange Board of India (SEBI). 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. The CFPCM Certification and Associate Financial Planner (Retirement Planning) are recognized by the Pension Fund Regulatory and Development Authority (PFRDA) as eligible certifications for registering as Retirement Advisers with PFRDA.

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.

FPSB India continues to steer the Financial Planning movement in the country and work closely with all stakeholders for further augmentation of Financial Planning profession and to help India’s Wealth Quotient on an upward spiral.

Warm Regards,Ranjeet S Mudholkar

Vice Chairman & CEO, FPSB India

Date: 07 July 2018

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

June, 2018Number at end of

March, 2018Percentage

growth

CFPCM Certificants 1,970 2,047 -3.76%

Student 39,437 39,079 0.92%

AFP 29 53 -45.28%

Corporate 44 44 --

Gender NumberPercentage of

Total

Male 1563 79.34%

Female 407 20.66%

Age NumberPercentage of

total

20-29 239 12.13%

30-39 711 36.09%

40-49 646 32.79%

50-59 295 14.97%

60+ 79 4.01%

Years of Experience

Number of CFP professionals

Percentage of total

0-5 285 14.47%

6-10 890 45.18%

11-15 404 20.51%

16-20 240 12.18%

20+ 151 7.66%

I. Membership/CFP Professional Statistics

2. Demographic information on CFPCM Certificants

Demographic Information on CFPCM Certificants Number (Gender Wise)

Demographic Information on CFPCM Certificants Number (Age Wise)

Demographic Information on CFPCM Certificants Number (Experience Wise)

I

0.00% 10.00% 20.00% 30.00% 40.00% 50.00%

0 - 5 years

6 - 10 years

11 - 15 years

16 - 20 years

20+

79.34%

20.66%

Male

Female

0.00% 10.00% 20.00% 30.00% 40.00%

20-29

30-39

40-49

50-59

60+

0.00% 10.00% 20.00% 30.00% 40.00% 50.00%

0 - 5 years

6 - 10 years

11 - 15 years

16 - 20 years

20+


Student Member Enrollments under Regular Pathway – Education Partners and Self Study 2017-18

TermApr- 17

May-17

Jun-17

Jul-17Aug-

17Sep-17

Oct-17

Nov-17

Dec-17

Jan-18

Feb-18

Mar-18

Total

Total 115 122 121 358

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 2,220 (49.32)

2014-15 1,877 (15.45)

2015-16 2169 15.56

2016-17 2161 (0.37)

2017-18 1762 (18.46)

2018-19 358

Total 39,437

Membership/CFP Professional StatisticsI

Yearwise Number of Enrollments Cumulative CFP Exam Pass Candidates

* As on 30th June 2018

0500

100015002000250030003500400045005000

2002

-03

2003

-04

2004

-05

2005

-06

2006

-07

2007

-08

2008

-09

2009

-10

2010

-11

2011

-12

2012

-13

2013

-14

2014

-15

2015

-16

2016

-17

2017

-18

0

2000

4000

6000

8000


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

PeriodRegular Pathway

Challenge Status Pathway

Total EnrollmentsEducation Partner Mode

Self Study Mode Total

2017-18 34% 51% 85% 15% 100%

2016-17 28% 50% 78% 22% 100%

2015-16 36% 47% 83% 17% 100%

2014-15 57% 35% 92% 8% 100%

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

Pass Percentage across Pathways and Modes in the last five years Year Education Partner Mode Self Study Mode Challenge Status Pathway

2017-18 55% 53% 49%

2016-17 43% 42% 38%

2015-16 40% 43% 34%

2014-15 45% 46% 33%

2013-14 43% 48% 41%

Total Enrollments in the Year 2018-19 and Growth over previous year





Apr-Jun 2018Change %

135(25.41%)

223(12.89%)

358(18.08%)

12180.60%

479(4.96%)

Apr-Jun 2017 181 256 437 67 504

# Change % : Percentage change in 2018-19 over the same period in 2017-18

Profile of Enrollments in the last three years





2017-18Change %

713(10%)

1049(24%)

1762(18%)

312(49%)

2074(25%)

2016-17Change %

788(17%)

137312%

2161--

6154%

27766%

2015-16Change %

944(18%)

122570%

216916%

439157%

260827%

2014-15Change %

1156 (20.60%)

721(5.63%)

1877(15.45%)

171(40.83%)

2048(18.37%)

2013-14Change %

1456(32.75%)

764(20.99%)

2220(29.12%)

289(37.17%)

2509(30.15%)

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) 4(GFI) 51 (GFC) 1 (GFO) 56 55 1 51 51 107Education Provider (EP) 282 (EPI) 586 (EPC) 10 (EPO) 878 793 85 106 745 1,623Challenge Status (CS) 28 (CSI) 263 (CSC) 1 (CSO) 292 201 91 18 19 311Total 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




(I)


(C)

Others (O)

Total Eligible

Fees for FY 2015-16

Fees Not Paid

Not Eligible due to

Total Not

Eligible

Grand Total

Before 31-Mar

'15

After 31-Mar

'15Total

Non-Payment

Incomplete Documents




Total 580 1412 255 2247 53 1781 1834 413 1325 1735 3060 5307

*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.


Details of CFPCM Certificants’ statistics: As on 31st March 2017

Eligible CFPCM Certificants Not Eligible* Not Eligible*

Mode of EnrollmentIndividual

PractitionersCorporateExecutives

OthersTotal

Professionals

Fees for FY 2016-17 Non-Payment

Fitness criteria

TotalGrand Total

Received Not Received

Grandfatherees (GF) 4 (GFI) 40 (GFC) 1 (GFO) 45 33 12 60 0 60 105

Education Provider EP) 496 (EPI) 889 (EPC) 311(EPO) 1696 1293 403 782 1910 2692 4388

Challenge Status (CS) 157 (CSI) 654 (CSC) 7 (CSO) 818 569 249 469 2 471 1289

Total 657 1583 319 2559 1895 664 1311 1912 3223 5782

Details of CFPCM Certificants’ statistics: As on 31st March 2018




OthersTotal

Professionals


Fitness criteria

TotalGrand Total


Grandfatherees (GF) 4 41 1 46 31 15 59 0 59 105

Education Provider EP) 470 807 350 1627 1352 275 1039 2093 3132 4759

Challenge Status (CS) 191 638 5 834 664 170 481 148 629 1463

Total 665 1486 356 2507 2047 460 1579 2241 3820 6327

Details of CFPCM Certificants’ statistics: As on 30 June 2018




OthersTotal

Professionals


Fitness criteria

TotalGrand Total


Grandfatherees (GF) 4 41 1 46 24 22 59 0 59 105

Education Provider EP) 490 822 377 1689 1275 414 1031 2126 3157 4846

Challenge Status (CS) 217 673 5 895 671 224 478 134 612 1507

Total 711 1536 383 2630 1970 660 1568 2260 3828 6458


1. Information on Examinations administered during FY 2018-2019

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)

358 1231 59.34% Daily Basis

CFP Certification Exam(Exam 5/Challenge Status)

121 229 57.64% 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%

Examination Statistics (Exam 1-4)

II. Examination II



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%








Total 4979 2170 2809 43.58%






Total 4487 1584 2903 35.30%






Total 4831 2070 2761 42.85%





Exam 4 - Tax Planning & Estate Planning 1208 522 686 43.21%

Total 4970 2428 2542 48.85%

Examination Statistics : (2017-18)Name of Exam Appeared Passed Failed Pass%





Total 3808 2039 1769 53.55%

Examination Statistics : (2018-19)Name of Exam Appeared Passed Failed Pass%





Total 1231 733 498 59.55%

ExaminationII


FPSB INDIA REPORT MAY 2015| 13

Examination Statistics April 2018Name of Exam Appeared Passed Failed Pass%Exam 1 - Risk Analysis and Insurance Planning 110 72 38 65.45 %Exam 2 - Retirement Planning & Employee Benefits 115 59 56 51.30 %Exam 3 - Investment Planning 83 62 21 74.70 %Exam 4 - Tax Planning & Estate Planning 79 51 28 64.56 %Total 387 244 143 63.05 %

Examination Statistics May 2018Name of Exam Appeared Passed Failed Pass%Exam 1 - Risk Analysis and Insurance Planning 128 70 58 54.69%Exam 2 - Retirement Planning & Employee Benefits 123 70 53 56.91%Exam 3 - Investment Planning 109 63 46 57.80%Exam 4 - Tax Planning & Estate Planning 78 48 30 61.54%Total 438 251 187 57.31%

Examination Statistics June 2018Name of Exam Appeared Passed Failed Pass%Exam 1 - Risk Analysis and Insurance Planning 93 57 36 61.29% Exam 2 - Retirement Planning & Employee Benefits 93 46 47 49.46% Exam 3 - Investment Planning 92 60 32 65.22% Exam 4 - Tax Planning & Estate Planning 128 75 53 58.59% Total 406 238 168 58.62%

Examination

Month wise breakup of Examination Statistics for the year 2017-18

II


Month wise breakup of Exam 5 & CSP Statistics for the year 2017-18

ExaminationII

CFPCM Certification Exam 5 & CSP Examination Statistics 2013-14Particulars Appeared Passed Failed Pass %

Total 985 429 556 43.55%CFPCM Certification Exam 5 & CSP Examination Statistics 2014-15

Particulars Appeared Passed Failed Pass %Total 903 366 537 40.53%


Total 926 360 566 38.88%


Total 1315 521 794 39.62%


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%

Examination Statistics (Exam 5 / Challenge Status Exam)


Total 1149 476 673 41.43%


Total 1024 545 480 53.13%


Total 229 132 97 57.64%

April-18Pathway Appeared Passed Failed Pass %Regular 49 30 19 61.22 %Challenge Status 22 14 8 63.64 %Total 71 44 27 61.97 %

May-18Pathway Appeared Passed Failed Pass %Regular 58 33 25 56.90%Challenge Status 29 15 14 51.72%Total 87 48 39 55.17%

June-18Pathway Appeared Passed Failed Pass %Regular 49 25 24 51.02% Challenge Status 22 15 7 68.18% Total 71 40 31 56.34%




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

1 Mumbai 617 31%

2 Delhi 120 6%

3 Bengaluru 158 8%

4 Pune 96 5%

5 Chennai 99 5%

6 Kolkata 111 6%

7 Ahmedabad 75 4%

8 Hyderabad 80 4%

Total 1356 69%

Other cities 614 31%

Total Eligible Certificants 1970 100%

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

1 East 205 10%

2 North 319 16%

3 South 453 23%

4 West 993 50%

Total 1970 100%

III. Area-Wise Distribution Of Eligible CFPCM Certificants III

Area-Wise Distribution Of Eligible CFPCM Certificants

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

1 Andhra Pradesh 111 6%

2 Assam 15 1%

3 Bihar 9 --

4 Chandigarh 6 --

5 Chhattisgarh 4 --

6 Delhi 118 6%

7 Goa 12 1%

8 Gujarat 172 9%

9 Haryana 53 3%

10 Himachal Pradesh 3 --

11 Jharkhand 27 1%

12 Karnataka 177 9%

13 Kerala 40 2%

14 Madhya Pradesh 26 1%

15 Maharashtra 768 39%

16 Manipur 1 --

17 Orissa 12 1%

18 Punjab 23 1%

19 Rajasthan 38 2%

20 Sikkim 1 --

21 Tamil Nadu 124 6%

22 Telangana 2 --

23 Uttar Pradesh 70 4%

24 Uttarakhand 7 --

25 West Bengal 151 8%

Grand Total 1970

III



Sr. No. Charter Members


Regular Pathway

Total

2017-18 2018-19 2017-18 2018-19

2017-18 2018-19As on Mar 31,

2018

As on Jun 30, 2018

As on Mar 31,

2018

As on Jun 30, 2018

1 Aditya Birla Money Mart Limited 3 2 2 1 5 3

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

3 Axis Bank Limited 5 11 11 10 16 21

4 Bajaj Capital Limited 11 2 5 4 16 6

5 Barclays Securities (India) Private Limited 0 0 0 0 0 0

6 Birla Sun Life Insurance Company Limited 10 0 3 3 13 3

7 BNP Paribas Investments Services (I) P. Ltd. 0 6 4 1 4 7

8 Citibank N.A 0 7 7 3 7 10

9 Deutsche Bank AG 3 3 3 4 6 7

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

11 Dynamic Equities Private Limited 0 0 0 0 0 0

12 Edelweiss Financial Services Limited 2 2 1 8 3 10

13Franklin Templeton Asset Management (India) Private Limited

4 7 7 4 11 11

14 Geojit BNP Paribas Financial Services Limited 0 4 3 1 3 5

15 HDFC Asset Management Company Limited 12 18 18 24 30 42

16 HSBC Limited 2 3 2 0 4 3

17 ICICI Bank Limited 7 18 17 6 24 24

18ICICI Prudential Asset Management Company Limited

3 2 5 3 8 5

19 ICICI Prudential Life Insurance Company Limited 7 6 2 7 9 13

20 ICICI Securities Limited 17 17 18 11 35 28

21 IFAN Finserv Private Limited 0 0 0 0 0 0

22 Karvy Stock Broking Limited 4 0 0 7 4 7

23 Kotak Mahindra Bank Limited 4 12 14 9 18 21

24 L&T Finance Holdings Limited 0 1 2 1 2 2

25 L&T Investment Management Limited 0 1 0 0 0 1

26 Life Insurance Corporation of India 29 11 11 38 40 49

IV. Charter Member-wise numbers of CFPCM Certificants IV


Sr. No. Charter Members


Regular Pathway

Total

2017-18 2018-19 2016-17 2018-19

2017-18 2018-19As on Mar 31,

2018

As on Jun 30, 2018

As on Mar 31,

2018

As on Jun 30, 2018

27 Motilal Oswal Securities Limited 7 1 1 2 8 3

28 Monarch Networth Capital Limited 0 0 0 0 0 0

29 Padmakshi Financial Services Private Limited 0 0 0 0 0 0

30 PNB Metlife Insurance Company Limited 0 0 0 0 0 0

31Principal PNB Assets Management Company Private Limited

0 0 0 0 0 0

32 Reliance Capital Asset Management Limited 2 5 8 1 10 6

33 Reliance Life Insurance Company Limited 3 3 2 5 5 8

34 Reliance Securities Limited 4 3 1 4 5 7

35 Religare Enterprises Limited 3 0 0 2 3 2

36 SBI Funds Management Private Limited 4 5 5 5 9 10

37 SBI Life Insurance Company Limited 1 6 4 1 5 7

38 SKP Securities Limited 0 0 0 0 0 0

39 Standard Chartered Bank 3 4 6 2 9 6

40 State Bank of India 25 45 35 28 60 73

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

42 TATA Asset Management Limited 4 2 2 1 6 3

43 UTI AMC Limited 3 11 15 0 18 11

44 World Gold Council 0 0 0 0 0 0

Grand Total 191 219 216 207 407 426

IV Charter Member-wise numbers of CFPCM Certificants


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

1Ambition Learning

SolutionsMs. Rinkal Jain Manager

1st Floor, Doulatram

Mansion, Kitridge

Road, Colaba, Mumbai

- 400005

+91-22-

65657989, +91-

9930467946

[email protected]

2Anagram Knowledge

Academy Ltd.

Mr. Prashant V

Shah

Jr. Knowledge

Officer

3rd Floor, Hertage

Square, Opp. Atlanta

Tower, Gulbai Tekra,

Ahmedabad – 380015

+91-9227408080prashant.shah@

knowledgeacademy.in

3 BFC Akademia Mr. Sharad Bindal Director

2/10 Vineet Khand,

Gomiti Nagar, Lucknow

226010

+91-9792202239sharadbindal@

bfccapital.com

4Educators Guild Pvt.

Ltd.

Mr. Arun Kumar

A HDirector

City Plaza; 3rd floor,

M.G Road, Thevara,

Kochi - 682015, Kerala

0484 - 4030550,

[email protected]

5Ennsign Advisory

Services Pvt Ltd

Ms.Soumya

RamalingamDirector

No. 7, Srivatsa Shree

Apts, No 13, 6th Main

Road, R A Puram

Chennai 600028

+91- 98405

79659

Soumya@ennsignn.

org

6FINANCIAL PLANNING

ACADEMY (FPA)Ms. Rinkal Jain Manager

1st Floor, Doulatram

Mansion, Kitridge

Road, Colaba, Mumbai

- 400005

+91-22-

65657989, +91-

9930467946

[email protected]

7ICICIdirect Centre for

Financial Learning

Mr. Prasad

Kolambekar

Regional

Manager-West

ICICIdirect Center for

Financial Learning,

2nd Floor, Citi Point,

Rajarshi Shahu

Maharaj Road, (Teli

Galli), Andheri (East)

Mumbai 400 069

+91-

8451943442, 022

42371902/ 904

/911

prasad.kolambekar@

icicisecurities.com

8International College

of Financial PlanningMr. Rajiv Seth

Joint Regional

Sales Head

3rd Floor, Gulab

Bhawan, Near Times

of India, 6, Bahadur

Shah Jafar Marg, New

Delhi-01

+91-9910588001 [email protected]

9

International Institute

of Research and

Wealth Management

(IIRWM)

Mr. Tapas Saha

Founder &

Managing

Partner

Metropolitan Building,

7 J. L. Nehru Road,

2nd Floor, Flat No. 3,

Kolkata - 700013

+91 9433175383/

9830123540

[email protected] ;

[email protected]

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

10Knowise Learning

AcademyMr. Karthick C S

Managing

Director

# 12/3, HC Chambers, 3rd

floor, S-1, opp-Blue Cross

Chambers, Infantry road

cross, Bangalore 560001

080-41726535karthick.cs@knowise.

co.in

11 NJ Gurukul Pvt. Ltd. Mr. Rakesh Bait Manager

NJ Center 'B'

Tower,801,Udhna Udyog

Nagar Commercial

Complex,Central Road No.

10,Udhna, Surat-394210

+91-9327022995 [email protected]

12 RARE AcademyMr. Rajasekhara

Reddy GDirector

D No 5-25-36, Sree

Ramanjana Complex,

Opp AXIS Bank ATM, 3/7,

Brodipet, Guntur- 522002

+91- 9246746110training@

rareacademy.in

13Stratagem Financial

SchoolMs. Tanvi Agarwal

Head

Operations

1. 201/A, Frontline Lake

Shore Towers,Rajbhavan

Road, Somajiguda,

Hyderabad-500082

+91-9866800093tanvi.agarwal@

stratagem.co.in

14TeamSkills Private

LimitedMr. Mitan Ghosh Director

3rd Floor, 86,Biplabi

Rash Behari Bose Road,

Kolkata-700001

+91- 9830108989mitan.ghosh@

teamskills.in

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*

10 OngoingBook to be completed in the validity period of 1 year.

Soft/Hard copy or link of book

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

5 Ongoing

Published date of the article to be in the validity period of 1 year.

Soft/Hard copy or link of article

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

5 31-March-18Published date/ telecast date to be in the validity period of 1 year.

Soft/Hard copy or link of interview

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

2 31-March-18Published date/ telecast date to be in the validity period of 1 year.

Soft/Hard copy or link of article

2 Qualification

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

10 OngoingDate of completion to be in the validity period of 1 year.

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 31-March-18Date of completion to be in the validity period of 1 year.

Photocopy of passing certificate

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



LOMA Certification 5 OngoingDate of completion to be in the validity period of 1 year.


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 of 1 year.

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 31-March-18Date of event to be in the validity period of 1 year.


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

10 Ongoing

Starting Date of convention to be in the validity period of 1 year.


Meetings of the Board of FPSB India and appointed Committees

3 OngoingDate of meeting to be in the validity period of 1 year.


Board Meetings of entities in the BFSI sector

3 OngoingDate of meeting to be in the validity period of 1 quarter.



VI Continuous Education

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

4 Ongoing

Month of Journal/ quiz to be in the validity period of 1 quarter.

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-March-18Sessions to be in the validity period of 1 quarter.

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.

3 31-March-18Date of event to be in the validity period of 1 quarter.

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 of managing one’s financial affairs in a holistic manner of Financial Planning.

3 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

2 31-March-18Date of Show to be in the validity period of 1 quarter.

Participation Certificate/Attendance sheet & Event Agenda/ Event schedule

Answering questions/Queries in newspaper/magazines

2 31-March-18Date to be in the validity period of 1 quarter.

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


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

IX. Current / Upcoming EventsIX

S. No. Issue Title Cover Story7 January-February 2017 Changing Investment Patterns Of Indians From Physical To Financial

8 March-April 2017 Financial Literacy

9 May-June 2017 Smart City Projects In India : Issues And Challenges

10 July- August 2017 Artificial Intelligence Role In The Financial Planning Industry

11 Sept- Oct 2017 Debt Investments Anchoring Your Wealth Portfolio

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

Alexa.com Ranking of FPSB India’s website The ranking of FPSB India’s website www.fpsbindia.org is in terms of traffic of visitors on our website, and is confined to within the India territory.

Sr. No. From Date To Date No. of

Days Workshop Theme Venue Speakers Total Participant Category

1 22-Apr-17 22-Apr-17 1 Financial Plan Construction Mumbai Mr. Kirtan Shah 11 Workshop

2 22-Apr-17 22-Apr-17 1 Financial Plan Construction Delhi Mr. Twinkle Gujral 19 Workshop

3 22-Apr-17 22-Apr-17 1 Financial Plan Construction Kolkata Mr. Rahul Banerjee 7 Workshop

4 27-May-17 27-May-17 1 NRI Taxation Mumbai Mr. Arvind Rao 23 Workshop

5 27-May-17 27-May-17 1 Financial Plan Construction Hydearabad Mr.Karim Lakhani 8 Workshop

6 08-Jul-17 08-Jul-17 1 Derivative Trading in India – Practical Aspects Mumbai Mr. Savio Shetty 13 Workshop

7 29-Jul-17 29-Jul-17 1 Tax planning through HUF and Private Trusts Mumbai Mr. Balwant Jain 9 Workshop

8 29-Jul-17 29-Jul-17 1 Tax planning through HUF and Private Trusts Delhi Mr. Ranjan Jain 7 Workshop

9 19-Aug-17 19-Aug-17 1 Tax planning through HUF and Private Trusts Bangalore Mr. Pradeep Hattangadi 17 Workshop

10 19-Aug-17 19-Aug-17 1 Tax planning through HUF and Private Trusts Kolkata Mr.Tapas Saha 8 Workshop

11 19-Aug-17 19-Aug-17 1 Tax planning through HUF and Private Trusts Hyderabad Mr.Karim Lakhani 11 Workshop

12 19-Aug-17 19-Aug-17 1 Tax planning through HUF and Private Trusts Chennai Mr. Ramesh Bhat 11 Workshop

13 09-Sep-17 09-Sep-17 1 Managing Debt Portfolios for stable Income Generation Mumbai Mr. Joydeep Sen 29 Workshop

14 09-Sep-17 09-Sep-17 1 Advanced Financial Modeling – Excel Based Delhi Mr. Nitin malhotra 9 Workshop

15 22-Sep-17 23-Sep-17 2 Preparation for Examination of Advanced Financial Planning Module (Exam 5)”, Bangalore Mr. Pradeep Hattangadi 12 Workshop

16 22-Sep-17 23-Sep-17 2 Preparation for Examination of Advanced Financial Planning Module (Exam 5)”, Delhi Mr. Nitin Malhotra 14 Workshop

17 07-Oct-17 07-Oct-17 1 Advanced Financial Modeling – Excel Based Mumbai Mr. Jeet Shah 10 Workshop

18 07-Oct-17 07-Oct-17 1 Managing Debt Portfolios for stable Income Generation Kolkata Mr. Joydeep Sen 11 Workshop

19 14-Oct-17 14-Oct-17 1 NRI Investments & Banking Provisions Delhi Mr. Ranjan Jain 14 Workshop

20 11-Nov-17 11-Nov-17 1 Five Income Tax decisions that a financial advisor must be aware of Mumbai Mr. Arvind Rao 7 Workshop

21 11-Nov-17 11-Nov-17 1Portfolio Management - A Practical approach for Building and Managing Portfolios

Delhi Prof. Rishi Mehra 8 Workshop

22 16-Dec-17 16-Dec-17 1 NRI Investments & Banking Provisions Chennai Mr. N. R. Ramakrishnan 5 Workshop

23 16-Dec-17 16-Dec-17 1 Estate Planning Hyderabad Mr. Karim Lakhani 7 Workshop

24 20-Jan-18 20-Jan-18 1 NRI Investments & Banking Provisions Mumbai Mr. Balwant Jain 15 Workshop

25 20-Jan-18 20-Jan-18 1 Financial Plan Construction - Excel Based Delhi Mr. Nitin Malhotra 11 Workshop

26 24-Feb-18 24-Feb-18 1 Portfolio Management Services – Potentiality for Wealth Creation Mumbai Mr. Rajendra Kalur 21 Workshop

27 11-Mar-18 11-Mar-18 1 Managing Debt Portfolios for stable Income Generation Delhi Mr. Joydeep Sen 6 Workshop

28 18-Mar-18 18-Mar-18 1 Convocation Ceremony Kolkata

Mr. Aniruddha Chaudhuri, Mr. Nitin Khera,Mr. Manoj Sinha,Mr. Naresh Pachisia,Mr. Partha Sarathi Sen Gupta,Mr. Ranjeet Mudholkar

88 Convocation

Previous Years:

Date Alexa India Rank

31-Mar-2011 35,267

31-Mar-2012 46,782

31-Mar-2013 66,328

31-Mar-2014 42,963

31-Mar-2015 71,387

31-Mar-2016 86,676

31-Mar-2018 39,947

Current Year 2018-19

Date Alexa India Rank

30-Apr-2018 37,005

31-May-2018 40.060

30-Jun-2018 30.629


X. List of Board of DirectorsX

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

S.No Name Designation Job Title and Organisation

1Justice (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 Ms. Anuradha Rao DirectorManaging Director & CEO,SBI Funds Management Pvt. Ltd.

4 Mr. Arun Thukral, CFPCM DirectorManaging Director & CEOAxis Securities Ltd.

5 Mr. C. Jayaram, CFPCM DirectorDirectorKotak Mahindra Bank

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

7 Dr. L. Ravindran, CFPCM DirectorManaging Director & CEOWealthmax Enterprises Management Private Limited

8 Mr. N Sivaraman DirectorFormer President and Whole Time Director, L&T Finance Holdings Ltd.

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

10 Mr. Suresh Mahalingam Director

Member - Group Management Council, Wadhawan Global Capital Pvt Ltd, Hold Company of Dewan Housing Finance Corporation Ltd.


XI. List of Charter Members of FPSB IndiaXI

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

S.No. Company Representative Designation

1Aditya Birla Finance Limited Mr. Sudhakar

RamasubramanianManaging Director

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

3Axis Bank Limited Mr. Satheesh

KrishnamurthySVP and Head - Affluent Business

4 Bajaj Capital Limited Mr. Rahul Parikh CEO

5Barclays Securities (India) Private Limited

Mr. Satya Narayan Bansal CEO - Barclays Wealth

6Birla Sun Life Insurance Company Limited

Mr. Ajay Srinivasan Chief Executive Financial Services

7 BNP Paribas Mr. Himanshu Mehta Managing Director and CEO

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

9Deutsche Bank AG Mr. Atinkumar Saha Managing Director and Head,

Western Region

10Dewan Housing Finance Corporation Ltd.

Mr. Suresh Mahalingam Member - Group Management Council

11 Dynamic Equities Private Limited Mr. Shailesh Saraf Managing Director

12Edelweiss Financial Services Limited

Ms. Radhika Gupta Chief Executive Officer

13Franklin Templeton Asset Management (India) Private Limited

Mr. Sanjay Sapre President

14 Geojit Financial Services Limited Mr. C.J. George Managing Director

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

16HSBC Limited Mr. Manish Garg Senior Vice President and Head

Insurance

17ICICI Bank Limited Mr. Anup Bagchi Executive Director and Head-Retail

Buisiness

18ICICI Prudential Asset Management Company Limited

Mr. Nimesh Shah Managing Director and CEO

19ICICI Prudential Life Insurance Company Limited

Mr. Puneet Nanda Executive Director

20 ICICI Securities Limited Ms. Shilpa Kumar Managing Director and CEO

21 IFAN Finserv Private Limited Mr. Rajan Pathak MD and CEO

22 Karvy Stock Broking Limited Ms. Surabhi Verma Head of Advisory

23 Kotak Mahindra Bank Limited Mr. T V Sudhakar Sr. Executive Vice President, Support Services – Compliance Head

24 HDFC Ergo General Insurance Company Limited Mr. Mukesh Kumar Managing Director

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


XIList of Charter Members of FPSB India

S.No. Company Representative Designation

26 Life Insurance Corporation of India

Mr. V. K. Sharma Chairman

27 Motilal Oswal Securities Limited Mr. Aashish Somaiyaa Managing Director and CEO

28 Monarch Networth Capital Limited Mr. Vaibhav Shah Chairman & Managing Director

29 Padmakshi Financial Services Private Limited

Mr. Rohit Chothani Chairman

30 PNB Metlife Insurance Company Limited Mr. Ashish Kumar Srivastava Managing Director and CEO

31 Principal PNB AMC Private Limited Mr. Lalit Vij Managing Director

32 Reliance Nippon Life Asset Management Limited

Mr. Sundeep Sikka Executive Director and CEO

33 Reliance Nippon Life Insurance Company Limited

Mr. Ashish Vohra CEO and Executive Director

34 Reliance Securities Ltd Mr. B. Gopkumar CEO

35 Religare Enterprises Limited Mr. Subhrangshu Neogi Director – Group Marketing and Brand

36 SBI Funds Management Private Limited Mr. Srinivas Jain Executive Director and CMO

37 SBI Life Insurance Company Limited Mr. Sangramjit Sarangi Chief Financial Officer

38 SKP Securities Limited Mr. Naresh Pachisia Managing Director

39 Standard Chartered Bank Mr. Nitin Singh MD and Head-Wealth Management

40 State Bank of India Mr. Rabindra Kumar Mohanty

Premier Banking Services, PBBU

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

42 TATA Asset Management Limited. Mr. Hormuz Bulsara COO

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

44 World Gold Council Mr. Somasundaram PR Managing Director

FPSB INDIA JUNE REPORT 2018 · In India, Financial Planning is increasingly relevant as an art and...

Documents

Transcript of FPSB INDIA JUNE REPORT 2018 · In India, Financial Planning is increasingly relevant as an art and...