FPSB INDIA ANNUAL REPORT 2015-16 india report may 2015| 1 fpsb india | annual report | 2015 - 16 | 1...

FPSB INDIA REPORT MAY 2015| 1 FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 1

FPSB INDIAANNUAL REPORT

2015-16

FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 2


Between You and Me

Financial Planner continues to be amongst the most lucrative jobs in the United States as reported in the CareerCast 2015 rankings of America’s 200 jobs. Financial Planner was ranked as the 22nd 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 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 in India stands at 1,910 as on 31 December 2015. The number CFP professionals is 1.61 lakh 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. 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 MudholkarVice Chairman & CEO, FPSB India

Date : 15 April 2016

Dear Friend,


TABLE OF CONTENT

I. Membership / CFP Professional Statistics 5

II. Examination 11

III. Area Wise Distribution of CFPCM Professionals Eligible for Certification 19

IV. Charter Member-wise numbers of CFPCM Certificants 21

V. Education Partners 23

VI. Continuous Education 25

VII. Ethics and Discipline / Practice Standards 27

IX. Current / Upcoming Events and Publication 28

X. List of Board of Directors 29

XI. List of Charter Members of FPSB India 30

VIII. Marks Promotion / Protection 27


1. Number of CFPCM Certificants and change since month

CategoryNumber at end of

March, 2016Number at end of

March, 2015Percentage

Growth

CFPCM Certificants 1,834 1,803 1.17%

Student 35,156 32,987 6.58%

AFP 65 96 -32.29%

Corporate 44 47 -6.38%

Gender NumberPercentage of

Total

Male 1561 81.73%

Female 349 18.27%

Age NumberPercentage of

total

20-29 168 9.16%

30-39 738 40.24%

40-49 602 32.82%

50-59 271 14.78%

60+ 55 3.00%

Years of Experience

Number of CFP professionals

Percentage of total

0-5 418 22.79%

6-10 641 34.95%

11-15 482 26.28%

16-20 193 10.52%

20+ 100 5.45%

I. Membership/CFP Professional Statistics

2. Demographic information on CFPCM Certificants

Demographic Information on CFPCM Certificants Number (Gender Wise)

82%

18%

Male

Female

Demographic Information on CFPCM Certificants Number (Age Wise)

9%

40%

33%

15%

3%

Age 20-29

Age 30-39

Age 40-49

Age 50-59

Age 60+

Demographic Information on CFPCM Certificants Number (Experience Wise)

23%

35%

26%

11%

5%

0-5 Years

6-10 Years

11-15 Years

16-20 Years

20+ Years

I


Student Member Enrollment Statistics - 2015 2016* Enrollments

TermApr- 15

May-15

Jun-15

Jul-15Aug-

15Sep-15

Oct-15

Nov-15

Dec-15

Jan-16

Feb-16

Mar-16

Total

Total 145 126 172 232 253 369 212 99 138 134 146 143 2169

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

Total 35,156

* As on 31st March, 2016

Membership/CFP Professional StatisticsI

Growth of Student Enrolment

0500

100015002000250030003500400045005000

Series1

Year wise Trend of Candidates Passed vs. Eligible for Certification

0

1000

2000

3000

4000

5000

6000

Series1 Series2PassedStudent Enrolment

Eligible


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

PeriodRegular Pathway

Challenge Status Pathway

Total EnrollmentsEducation Partner Mode

Self Study Mode Total

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 three yearsYear Education Partner Mode Self Study Mode Challenge Status Pathway

2015-16 40% 43% 34%

2014-15 45% 46% 33%

2013-14 43% 48% 41%

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





Apr - Mar 2016 Change %

944 (18%)

1225 70%

2169 16%

439 157%

2608 27%

Apr - Mar 2015 1156 721 1877 171 2048

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%)

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



(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.



1. Information on Examinations administered during FY 2015-2016*.

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)

2169 4831 42.85% Daily Basis

CFP Certification Exam(Exam 5/Challenge Status)

439 926 38.88% 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







Total 4979 2170 2809 43.58%






Total 4487 1584 2903 35.30%






Total 4831 2070 2761 42.85%


ExaminationII



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 - 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%

Examination

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

II

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 Statistics - August 2015Name of Exam Appeared Passed Failed Pass%





Total 339 154 185 45.43%


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





Total 391 165 226 42.20%

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





Total 409 176 233 43.03%

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





Total 462 179 283 38.74%

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





Total 493 202 291 40.97%

Examination Statistics - January 2016Name of Exam Appeared Passed Failed Pass%





Total 475 207 268 43.58%

ExaminationII


Examination Statistics - February 2016Name of Exam Appeared Passed Failed Pass%





Total 449 206 243 45.88%

Examination Statistics - March 2016Name of Exam Appeared Passed Failed Pass%





Total 349 152 197 43.55%


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%

Examination Statistics (Exam 5 / Challenge Status Exam)



Total 1315 521 794 39.62%



Total 985 429 556 43.55%



Total 903 366 537 40.53%



Total 926 360 566 38.88%



Examination II

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

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%

August-15


Regular 46 26 20 56.52%


Total 58 29 29 50.00%

September-15


Regular 51 18 33 35.29%


Total 71 28 43 39.44%


Examination

November - 15


Regular 57 22 35 38.60%


Total 87 32 55 36.78%

December - 15


Regular 56 24 32 42.86%


Total 77 31 46 40.26%

January-16


Regular 71 22 49 30.99

Challenge Status 34 13 21 38.24

Total 105 35 70 33.33

February-16


Regular 83 38 45 45.78

Challenge Status 31 11 20 35.48

Total 114 49 65 42.98

March-16


Regular 93 38 55 40.86%


Total 126 50 76 39.68%


II

October-15


Regular 59 22 37 37.29%


Total 79 27 52 34.18%


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

1 Mumbai 655 36%

2 Delhi 137 7%

3 Bengaluru 152 8%

4 Pune 101 6%

5 Chennai 99 5%

6 Kolkata 79 4%

7 Ahmedabad 70 4%

8 Hyderabad 68 4%

Total top 8 cities 1361 74%

Other Cities 473 26%

Total Eligible Certificants 1834 100%

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

1 East 126 7%

2 North 312 17%

3 South 408 22%

4 West 988 54%

Total 1834 100%

III. Area-Wise Distribution Of Eligible CFPCM Certificants III


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

1 Andhra Pradesh 87 5%

2 Assam 10 1%

3 Bihar 4 --

4 Chhattisgarh 2 --

5 Delhi 140 8%

6 Goa 12 1%

7 Gujarat 137 7%

8 Haryana 42 2%

9 Himachal Pradesh 3 --

10 Jammu and Kashmir 2 --

11 Jharkhand 9 --

12 Karnataka 168 9%

13 Kerala 31 2%

14 Madhya Pradesh 29 2%

15 Maharashtra 802 44%

16 Manipur 1 --

17 Orissa 10 1%

18 Pondicherry 1 --

19 Punjab 25 1%

20 Rajasthan 37 2%

21 Tamil Nadu 121 7%

22 Uttar Pradesh 62 3%

23 Uttarakhand 9 --

24 West Bengal 90 5%

Grand Total 1834

III Area-Wise Distribution Of Eligible CFPCM Certificants


Sr. No. Charter Members


Regular Pathway

Total

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

2014-15 2015-16As on Mar 31,

2015

As on Mar 31,

2016

As on Mar 31,

2015

As on Mar 31,

2016

1 Aditya Birla Money Mart Limited 4 0 2 0 6 0

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

3 Axis Bank Limited 6 4 10 8 16 12

4 Bajaj Capital Limited 0 0 4 4 4 4

5 Barclays Bank PLC 0 0 0 0 0 0

6 Birla Sun Life Insurance Company Limited 1 0 7 7 8 7

7 BNP Paribas Investments Services (I) P. Ltd. 3 0 1 0 4 0

8 Citibank N.A 8 0 1 1 9 1

9 Deutsche Bank AG 1 1 2 1 3 2

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

11 Dynamic Equities Private Limited 0 0 3 0 3 0

12 Edelweiss Financial Services Limited 0 0 1 3 1 3

13Franklin Templeton Asset Management (India) Private Limited

3 0 0 4 3 4

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

15 HDFC Asset Management Company Limited 5 4 5 3 10 7

16 HSBC Limited 0 2 1 3 1 5

17 ICICI Bank Limited 16 14 2 7 18 21

18ICICI Prudential Asset Management Company Limited

0 1 3 2 3 3

19 ICICI Prudential Life Insurance Company Limited 5 4 5 8 10 12

20 ICICI Securities Limited 22 16 11 10 33 26

21 IFAN Finserv Private Limited 0 0 0 0 0 0

22 Karvy Stock Broking Limited 2 3 2 3 4 6

23 Kotak Mahindra Bank Limited 7 8 5 4 12 12

24 L&T General Insurance Company Limited 0 0 0 12 0 12

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

IV. Charter Member-wise numbers of CFPCM Certificants IV


Sr. No. Charter Members


Regular Pathway

Total

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

2014-15 2015-16As on Mar 31,

2015

As on Mar 31,

2016

As on Mar 31,

2015

As on Mar 31,

2016

26 Life Insurance Corporation of India 7 12 22 19 29 31

27 Motilal Oswal Securities Limited 6 4 3 3 9 7

28 Networth Stock Broking Limited 0 0 1 1 1 1

29 Padmakshi Financial Services Limited 0 0 0 0 0 0

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

31Principal PNB Assets Management Company Private Limited

0 0 1 1 1 1

32 Reliance Capital Asset Management Limited 5 1 1 0 6 1

33 Reliance Life Insurance Company Limited 3 2 3 2 6 4

34 Reliance Securities Limited 3 4 0 0 3 4

35 Religare Enterprises Limited 0 17 0 3 0 20

36 SBI Funds Management Private Limited 5 4 6 4 11 8

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

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 46 21 30 65 76

41 TATA AIA Life Insurance Company Limited 1 0 9 6 10 6

42 TATA Asset Management Limited 2 2 1 0 3 2

43 UTI AMC Limited 14 17 12 0 26 17

44 World Gold Council 0 0 0 5 0 5

Grand Total 179 169 151 161 330 330

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

10 October - November 2015 With Digitisation, Will Indians’ Attitude Towards Gold Change?

11 December 2015 - January 2016 Unlocking Home Equity During Silver Years by Reverse Mortgage

12 January - February 2016 Save More ! Spend Less ! Build Wealth ! Follow Prudent & Creative Strategies

13 March - April 2016 World of Financial Apps: Engaging Tools for the Tech-Savvy Planners

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

31-Mar-2014 42,963

31-Mar-2015 71,387

31-Mar-2016 86,676

Sr. No.From Date

To Date

No. of Days

Workshop Theme Venue SpeakersTotal

ParticipantCategory

123-Apr-

1623-Apr-

161

Tax Planning through HUF and Private Trusts

Mumbai Mr. Balwant Jain 15 Workshop

218-

Mar-1619-

Mar-162

Training Program for Final Module (Exam 5)

MumbaiMr. Puttaswamy Gowda

15Exam 5 Training

326-

Feb-1627-

Feb-162



19Exam 5 Training

406-

Feb-1606-

Feb-161

Workshop on "Measurement of Portfolio Risk & Return"

Delhi Prof. Rishi Mehra 17 Workshop

509-Jan-

1609-Jan-

161

Workshop on "Financial Plan Contruction"


15 Workshop

620-

Dec-1520-

Dec-151

Workshop on "Equity Valuation- A Practical Approach"

Delhi Dr. Vinod Kumar 21 Workshop

719-

Dec-1519-

Dec-151

Workshop on "Financial Plan Contruction"


19 Workshop

828-

Nov-1528-

Nov-151

Workshop on “Real Estate,Reverse Mortgage & Taxation Aspect of Property”

Mumbai Mr. Balwant Jain 22 Workshop

928-

Nov-1528-

Nov-151

Workshop on “The Art of Drawing a Financial Plan”

Delhi Mr. Surya Bhatia 35 Workshop

1031-Oct-

1531-Oct-

151

Workshop on “NRI Taxation” to be held on October 31st 2015

Mumbai Mr. Arvind Rao 55 Workshop

1109-Oct-

1510-Oct-

152


Mumbai Mr. Kirtan Shah 12Exam 5 Training

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 Director Managing Partner, Cyril Amarchand Mangaldas

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 Financial Services 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. Aashish Somaiyaa MD & CEO

28 Monarch Networth Capital 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. Lalit Vij Managing Director

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

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