In this article, we talk about CFP online courses and what are the things taught by reputed colleges.
Financial Planning Standards Board (FPSB) has made the CFP examination quite easy. The curriculum was changed in July 2020 and since then the approach has been modern, segmented, and easy to achieve.
Additionally, they have authorized education providers and institutions to directly help students clear the exam. Though the exam is conducted by the internationally managed FPSB, the authorized colleges help students by providing them with course material, live classes, videos, mock tests, and more.
Online CFP Course — Alternative for the New Normal
Candidates have two options before them. Take the offline route in which they must enroll for the offline classes, or they can take the online route. Today we shall be talking about the e-learning options available for CFP aspirants.
With a real-time virtual class, you can be studying from any corner of India and yet get the best facilities and expertise at your fingertip. Virtual classes make more sense now when due to Covid-19, there are worldwide restrictions on movement and strict protocols on social distancing. In such a situation, enrolling in a CFP online course is the best option.
Features of an Online CFP Course
Just because you will be studying online doesn’t mean you will not have access to books and study materials as offline students would. When you enroll with an authorized college, you will be sent concept books, workbooks, and videos.
Apart from that, you will also be given tasks on a regular basis that will test your aptitude for the test. There will be regular online mock tests, doubt clearing sessions as well as group projects as and when needed. Experienced teachers will also be conducting regular online classes for your benefit.
Curriculum in CFP Course
To become a Certified Financial Planner, the FPSB has designed an updated curriculum that comprises 3 modules in its 1st Level. In the second level, there are two more modules on Retirement and Tax Specialization.
The third level is about Risk and Legacy Specialisation while in the final CFP exam, there are three modules on the financial planning process, engaging clients for life, and developing effective financial plans.
In each of these modules, there are two sub-modules pertaining to global concepts and Indian concepts. The idea behind this approach is to equip students with both Indian as well as global concepts of the subject.
The curriculum has been designed in such a manner that everything from personal financial management to investment planning and asset management, regulatory environment, law and compliance to retirement planning and tax planning are taught.
The course is so in-depth that students must also learn about risk management, estate planning before even going to the final level of becoming Certified Financial Planners.
Conclusion
The FPSB has been designed in such a manner that both 10+2 students, as well as working professionals, can take it. The only difference is that for the fresh under-graduates, they must pass all the modules while professionals need to only pass the final module on Financial Planning.
If you think you have it in you, register yourself with a college offering online CFP course today.