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CFPCM Certification
Challenge Status CFPCM
CFPCM Certification Classes (Video Based Training™)
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ASSESS™ (Mock Test for CFPCM)
AFPCM (Risk Analysis and Insurance Planning)
AFPCM (Retirement Planning and Employee Benefits)
AFPCM (Investment Planning)
AFPCM (Tax Planning and Estate Planning)
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Finance for Non Finance Managers
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  Online Courses > Challenge Status CFPCM
Course Name Course Code Fees Demo Buy
Challenge Status CFPCM FINFPSBPREP013 11000/-* Enroll now
*Service Tax and Swachh Bharat Extra as Applicable.

Challenge Status CFPCM Certification Course

Professionals who possess required eligibility as laid down by FPSB India can take challenge status programme of CFPCM Certification examination. This challenge status examination examines on Module 5: Advanced Financial planning which is essentially case study basis where there are usually 2-3 case studies and each case study is tested by MCQs (Multiple choice questions).

Certified Financial PlannerCM Certification course focuses on the major areas of financial planning necessary for a comprehensive approach to individuals. CFPCM Certificants requires knowledge of broad concepts for purposes of understanding how the external environment might affect the individual. The CFPCM Course curriculum exposes candidates to many of the topics (i.e., risk, asset pricing models, valuation, security types, etc).

These topics enable the CFPCM Certificant to take a big picture approach that is necessary for preparing a comprehensive personal financial plan.

Eligibility Criteria
Candidates who are post graduates from a recognized university and having the following additional educational qualifications or equivalent would be eligible under the challenge status programme.

Required Additional Qualifications:
CA / CS / ICWA / CAIIB / LLB / Post Graduate in Economics, Commerce, Mathematics, etc. (For full list refer www.fpsbindia.org )

Experience Criteria


Job in Financial Institution

3 years
2. Self Employed 5 years

(For full details refer www.fpsbindia.org )

Target Market:
This course is for seasoned professionals in the financial services industry wanting to progress to CFPCM certification.

Course Outcome:

  • expertise and credibility as a qualified professional in personal finance
  • credential demonstrate trust among the financial consumers

Global benchmark for competency, ethics & professional practice standards to provide comprehensive Financial Planning services

Challenge Status CFPCM Certification Course Offerings
Customized study material for Challenge Status CFPCM Certification. On registering through GOLS, We provide you

VBT™ (Video Based Training™) of following Modules:

  • Module 1: Introduction to Financial Planning
  • Module 2: Risk Analysis & Insurance Planning
  • Module 3: Retirement Planning & Employee Benefits
  • Module 4: Investment Planning
  • Module 5: Tax & Estate Planning
  • Module 6: Advanced Financial Planning

WBT (Web Based Training)

  • Module 6: Advanced Financial Planning comprising
  • Mock Tests ( Module 1 to 5 )
  • Regularly added case studies by CFPCM practitioners

VBT™ (Video Based Training™) of Module 6 - Advanced Financial Planning, consists of:

  • Overview of Financial Planning concepts by CFPCM Certificant
  • More than ten case studies on Advanced Financial Planning delivered by CFPCM Certificants covering all aspects of Financial Planning from risk analysis & insurance planning to personal tax planning. Case studies are regularly added to enable a student to pass the Challenge Status CFPCM Certificant examination smoothly.


The Question paper shall consist of a Test Booklet having any two Case studies depicting real life scenarios of individual Financial Planning situations. Each question or incomplete statement is followed by four alternatives. Students are expected to select the correct alternative on the system. Each question will carry pre-specified marks for each correct answer.

The candidates will be evaluated based on the following learning objectives:

  • Determining the client's financial status by analyzing and evaluating the client's information.
  • Assessing the goals and objectives of client, commensurate with client's value, temperament and risk tolerance (including asset allocation). The candidates are expected to know the names and basic information on Key Financial Products (Mutual Funds, Insurances, Bonds etc.) available in the market today, under broad categories; and would be expected to incorporate the same in the solutions being offered.

Permitted Accessories:
Candidates are permitted to use their calculators scientific/financial. Candidates should use only HB Pencil for marking oval. It may however be noted that no exchange of accessories will be permitted during the examination. Laptops/computers are not allowed for this examination.

CFPCM Career Scope
Why should you opt for a career in Wealth Management or personal Finance Planning?
The economic liberalization has brought wealth to large number of people who are increasingly seeking help of professionals in wide range of areas, such as Financial Planning process, Tax Planning, Employee Benefits and Retirement Planning, Real Estate Planning, Investment (in equity, debt, etc.), Management, Insurance etc.

As against the 350 CFPCM professionals presently available (2007), there is a requirement of at least another 50,000 qualified Financial Planners in India. (Said by: Mr. Ranjit Mudholkar, CEO, FPSB India, in Times Ascent)

How much can you earn?

  • In the US, according to the 'Survey of Trends in the Financial Planning Industry' the 2006 median income for Financial Planners was $232,995. (INR 93.19 lacs, USD 1=INR 40)
  • The survey also shows that in the year following CFP® Certification, on an average, Financial Services professionals increased their income by more than $15,000. Additionally, over 80% of Financial Services professionals expressed satisfaction over their career choice. In India, it is observed that CFPCM begin their career with a package of Rs. 3 lacs per annum and there is no upper limit to the income of competent and experienced professionals.

Career options

  • Private Banking
  • Financial Advisory / Consultation
  • Wealth Management
  • Insurance Advisory
  • Retirement Planning
  • Accounting
  • Trust / Estate Planning.
  • Investment Advisory/ Portfolio Management
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Disclaimer: The use of the term "Varsity" is a coined term used for convenience purpose only and is not to mean or interpret as a University under any applicable Indian laws and / or University Grants Commission (UGC) - Apex body of the Government of India. Excepting in cases where it is specified explicitly, our courses are not recognised by AICTE or Distance Education Council (DEC).