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In India, the globally recognised Certified Financial Planner (CFP) certification is administered by the Financial Planning Standards Board India (FPSB India). As of December 2024, there are approximately 3,215 Certified Financial Planners in India, marking a 17.7% growth from 2023.

Despite this positive trend, India still has a limited number of CFP professionals compared to its growing population of investors and individuals seeking expert financial guidance. This makes trusted financial advisory brands like My Money Mentor even more valuable for individuals looking for credible, certified financial planning support.

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mymoney Mentor

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Related Questions

What type of license is required to be a financial planner?

Currently, there is no special licensing requirement to become a financial planner. However, many financial planners earn a certified financial planning (CFP) or chartered financial consultant (ChFC) designation. To become a reputable financial planner in the US, you need to have a CFP Certification conferred by the Certified Financial Planner Board of Standards, Inc. (CFP Board), Financial Planners Standards Council in Canada, etc. depending on the country.


What can be learned by enrolling in the CFP course?

You can learn to become a Certified Financial Planner by enrolling in the CFP Course. They have many courses that will set you on your way to become a Professional Financial Planner.


Where can someone find Certified Financial Planners?

There are many places online where one can go to find a certified financial planner. One specific place to find these would be on the cfp website. They specialize in certified financial planning (CFP).


How many certified financial planners are there in India?

1650


Certified Financial Planner program serves to do what?

The Certified Financial Planning program ensures that individuals receive proper training in risk managements, tax planning, retirement planning and many other necessary subjects.


Where should I go for sound financial advice?

There are many options for getting sound financial advice. Try one or more of the following: Certified Financial Planner (CFP), Certified Public Accountant (CPA), Estate or Tax Planning Attorney, Investment Broker or Insurance Agent.


What do CFP classes exactly entail?

The CFP classes entail many procedures to make one a Certified Financial Planner. The classes entail and test your ability to apply financial planning procedures.


Tips For Choosing A Certified Retirement Planner ?

It's important that you choose a certified retirement planner that really knows what he or she is doing. You want to find someone that will work with you to choose the best investments and who will help you to get your account to where it needs to be by the time you are ready to retire whenever that may be.The first thing to know is whether the retirement planner is indeed certified. Every financial planner should become certified because it is your proof that they are educated in investments and that they are following ethical guidelines in terms of helping you with your investments.The next thing you want to know is if the certified retirement planner has experience dealing with the type of investments you're interested in. Not all planners work with all types of investments. Therefore it's a good idea to ask the questions ahead of time.If you know someone who has just hired a certified retirement planner and they are happy, word of mouth is the best way to find a planner. You can learn from your friend's research and planning and either hire the same planner or a planner within the same firm.Questions to Ask a Certified Retirement PlannerOnce you meet with a certified retirement planner, there are some questions you should be asking before you sit down and invest all your money with them. Find out how long they've been in business, how many clients they have and the average age of their clients. It's important to ask the age because there may be a difference in how aggressive a planner needs to be based upon your age and when you want to retire.Not every certified retirement planner works in a fancy office. With the internet being what it is and the economy being what it is, some work from their home. If you want to meet over the internet or in person, it's important that you find the planner that is prepared to meet you in the atmosphere that you are most comfortable with. Only then can you start to discuss investment opportunities.


Are all financial advisors trained professionals?

Not all financial advisors are trained professionals. While many are certified and have formal education in finance or related fields, some may lack formal training or credentials. It's essential to verify their qualifications, such as certifications like CFP (Certified Financial Planner) or CFA (Chartered Financial Analyst), to ensure they possess the necessary expertise to provide sound financial advice. Always conduct due diligence before engaging with a financial advisor.


How many months does it take to become a certified wedding planner?

To become certified, you will need a 2-year associate degree or a four-year bachelor's degree.Thanks


What is financial planner?

Financial Planners are the ones who help people in dealing with different financial issues through proper planning. They deal with various financial practice and procedures like education planning, retirement planning, investment planning, risk management, insurance planning, tax planning, estate planning, and many more. Just in case you wish to become a Financial Planner someday, take a CFP Exam Preparation first before you enroll in an actual certification course. This will help you to easily pass the certification exam and get certified.


Financial Planner?

A financial planner serves an important purpose for individual clients. Most individuals do not have the time nor the expertise to plan out their future. With this in mind, they hire a certified financial planner to help them come up with a plan that suits their goals and their changing financial situation. This can be a rewarding and lucrative position for those with the financial skills and the personal ability to attract and retain clients.Becoming a financial plannerThere are a few steps that one must go through to become a financial planner. Though it is not a requirement, most will have some sort of background in finance or accounting. This gives them the ability to read the markets and make sound decisions for their clients.Likewise, those looking to become a financial planner will need to pass the CFP exam. Upon completion, they are certified financial planners who have the ability to manage and direct individuals on their finances.What do they make?One of the most important questions for many is just how much money a financial planner makes. These individuals are typically self-starters and much of their pay comes from commissions. This means they make as much money as their skills and networking ability allow them to make. Most start out in the $45,000 to $50,000 range if they are good, and they can build upon that very quickly. The sky is the limit with this field, depending upon a person’s ability to attract wealthy clients and make them money.What do they do?A financial planner will typically sit down with a person and figure out just how much help they need. Some CFPs handle all of their clients’ finances, monitoring their accounts and suggesting investments. Others are just there for advising purposes and act more as consultants. It all depends upon what the client wants, since this is a client-driven business. Much of the certified financial planner’s job is reaching out to new clients and keeping himself on top of the latest investment vehicles. It can be exciting at times and stressful at others, and the work load is determined by the list of clients.