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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
FPSB INDIA REPORT MAY 2015| 3 FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 3
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,
FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 4
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
FPSB INDIA REPORT MAY 2015| 5 FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 5
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
FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 6
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
FPSB INDIA REPORT MAY 2015| 7 FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 7
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
PeriodRegular Pathway
Challenge Status Pathway
Total EnrollmentsEducation Partner Mode
Self Study Mode Total
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
PeriodRegular Pathway
Challenge Status Pathway
Total EnrollmentsEducation Partner Mode
Self Study Mode Total
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
FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 8
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
Details of CFPCM Certificants’ statistics: 31st March, 2004
CFPCM certificantsIndependent Practitioners
(I)
Corporate Executives
(C)Others (O) Total Eligible Spl. Case# Not* Eligible Grand Total
Grandfatherees (GF) 8 (GFI) 66 (GFC) 8 (GFO) 82 1 -- 82
Education Provider (EP) -- -- -- -- -- -- --
Challenge Status (CS) -- -- -- -- -- -- --
Total 8 66 8 82 1 -- 82
Details of CFPCM Certificants’ statistics: 31st March, 2005
CFPCM certificantsIndependent Practitioners
(I)
Corporate Executives
(C)Others (O) Total Eligible Spl. Case# Not* Eligible Grand Total
Grandfatherees (GF) 9 (GFI) 85 (GFC) 8 (GFO) 102 1 -- 102
Education Provider (EP) 19 (EPI) 5 (EPC) 2 (EPO) 26 -- 1 27
Challenge Status (CS) -- -- -- -- -- -- --
Total 28 90 10 128 1 1 129
Details of CFPCM Certificants’ statistics: 31st March, 2006
CFPCM certificantsIndependent Practitioners
(I)
Corporate Executives
(C)Others (O) Total Eligible Spl. Case# Not* Eligible Grand Total
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
Challenge Status (CS) -- -- -- -- -- -- --
Total 29 103 13 145 2 18 163
Details of CFPCM Certificants’ statistics: 31st March, 2007
CFPCM certificantsIndependent Practitioners
(I)
Corporate Executives
(C)Others (O) Total Eligible Spl. Case# Not* Eligible Grand Total
Grandfatherees (GF) 6 (GFI) 62 (GFC) 6 (GFO) 74 1 33 107
Education Provider (EP) 53 (EPI) 83 (EPC) 18 (EPO) 154 1 10 164
Challenge Status (CS) -- 11 (CSC) -- 11 -- -- 11
Total 59 156 24 239 2 43 282
Details of CFPCM Certificants’ statistics: 31st March, 2008
CFPCM certificantsIndependent Practitioners
(I)
Corporate Executives
(C)Others (O) Total Eligible Spl. Case# Not* Eligible Grand Total
Grandfatherees (GF) 6 (GFI) 62 (GFC) 6 (GFO) 74 1 33 107
Education Provider (EP) 93 (EPI) 143 (EPC) 26 (EPO) 262 3 77 339
Challenge Status (CS) 4 (CSI) 24 (CSC) 1 (CSO) 29 1 0 29
Total 103 229 33 365 5 110 475
Membership/CFP Professional StatisticsI
FPSB INDIA REPORT MAY 2015| 9 FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 9
Details of CFPCM Certificants’ statistics: 31st March, 2011
CFPCM certificantsIndependent Practitioners
(I)
Corporate Executives
(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
Details of CFPCM Certificants’ statistics: 31st March, 2009
CFPCM certificantsIndependent Practitioners
(I)
Corporate Executives
(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
Details of CFPCM Certificants’ statistics: 31st March, 2010
CFPCM certificantsIndependent Practitioners
(I)
Corporate Executives
(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
Challenge Status (CS) 28 (CSI) 263 (CSC) 1 (CSO) 292 201 91 18 19 311
Total 314 900 12 1,226 1,049 177 175 815 2,041
Details of CFPCM Certificants’ statistics: 31st March, 2011
CFPCM certificantsIndependent Practitioners
(I)
Corporate Executives
(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
Challenge Status (CS) 28 (CSI) 263 (CSC) 1 (CSO) 292 201 91 18 19 311
Total 314 900 12 1,226 1,049 177 175 815 2,041
Details of CFPCM Certificants’ statistics: 31st March, 2012
CFPCM certificantsIndependent Practitioners
(I)
Corporate Executives
(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-
PaymentIncomplete Documents
Grandfatherees (GF) 4 (GFI) 48 (GFC) 1 (GFO) 53 9 37 46 7 54 0 54 107
Education Provider (EP) 421 (EPI) 858 (EPC) 114 (EPO) 1393 0 1177 1177 216 264 1131 1395 2788
Challenge Status (CS) 79 (CSI) 495 (CSC) 2 (CSO) 576 0 404 404 172 147 2 149 725
Total 493 1411 112 2022 9 1618 1627 395 465 1133 1598 3620
Membership/CFP Professional Statistics I
FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 10
Details of CFPCM Certificants’ statistics: 31st March, 2013
CFPCM certificantsIndependent Practitioners
(I)
Corporate Executives
(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-
PaymentIncomplete Documents
Grandfatherees (GF) 4 (GFI) 44 (GFC) 1 (GFO) 49 9 36 45 4 58 0 58 107
Education Provider (EP) 452 (EPI) 834 (EPC) 143 (EPO) 1429 0 1254 1254 175 385 1372 1757 3186
Challenge Status (CS) 91 (CSI) 492 (CSC) 2 (CSO) 585 0 436 436 149 275 2 277 862
Total 547 1370 146 2063 9 1726 1735 328 718 1374 2092 4155
Details of CFPCM Certificants’ statistics: 31st March, 2014
CFPCM certificantsIndependent Practitioners
(I)
Corporate Executives
(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-
PaymentIncomplete Documents
Grandfatherees (GF) 4 (GFI) 41 (GFC) 0 (GFO) 45 10 30 40 5 61 0 61 106
Education Provider (EP) 461 (EPI) 840 (EPC) 176 (EPO) 1477 66 1240 1306 171 521 1473 1994 3471
Challenge Status (CS) 90 (CSI) 508 (CSC) 2 (CSO) 600 15 488 503 97 388 2 390 990
Total 555 1389 178 2122 91 1758 1849 273 970 1475 2445 4567
Details of CFPCM Certificants’ statistics: 31st March, 2015
CFPCM certificantsIndependent Practitioners
(I)
Corporate Executives
(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-
PaymentIncomplete Documents
Grandfatherees (GF) 4 (GFI) 38 (GFC) 0 (GFO) 42 6 29 35 7 64 0 64 106
Education Provider (EP) 476 (EPI) 841 (EPC) 215 (EPO) 1532 40 1224 1264 268 609 1636 2245 3777
Challenge Status (CS) 98 (CSI) 527 (CSC) 7 (CSO) 632 2 502 504 128 431 2 433 1065
Total 578 1406 222 2206 48 1755 1803 403 1104 1638 2742 4948
Details of CFPCM Certificants’ statistics: 31st March, 2016
CFPCM certificantsIndependent Practitioners
(I)
Corporate Executives
(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
Grandfatherees (GF) 4 (GFI) 40 (GFC) 1 (GFO) 45 5 32 37 8 60 0 60 105
Education Provider (EP) 461 (EPI) 828 (EPC) 247 (EPO) 1536 42 1241 1283 253 783 1733 2516 4052
Challenge Status (CS) 115 (CSI) 544 (CSC) 7 (CSO) 666 6 508 514 152 482 2 484 1150
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.
Membership/CFP Professional StatisticsI
FPSB INDIA REPORT MAY 2015| 11 FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 11
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
* As on 31st March, 2016
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%
Exam 1 - Risk Analysis and Insurance Planning 2192 987 1205 45.03%
Exam 2 - Retirement Planning & Employee Benefits 2332 1033 1299 44.30%
Exam 3 - Investment Planning 1731 866 865 50.03%
Exam 4 - Tax & Estate Planning 1978 768 1210 38.83%
Total 8233 3654 4579 44.38%
Examination Statistics (Exam 1-4)
II. Examination II
FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 12
Examination Statistics - (2013-14)Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 1420 598 822 42.11%
Exam 2 - Retirement Planning & Employee Benefits 1414 549 865 38.83%
Exam 3 - Investment Planning 1085 591 494 54.47%
Exam 4 - Tax & Estate Planning 1060 432 628 40.75%
Total 4979 2170 2809 43.58%
Examination Statistics - (2014-15)Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 1289 403 886 31.26%
Exam 2 - Retirement Planning & Employee Benefits 1315 355 960 27.00%
Exam 3 - Investment Planning 892 445 447 49.89%
Exam 4 - Tax & Estate Planning 991 381 610 38.45%
Total 4487 1584 2903 35.30%
Examination Statistics - (2015-16)Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 1291 568 723 44.00%
Exam 2 - Retirement Planning & Employee Benefits 1134 463 671 40.83%
Exam 3 - Investment Planning 1032 549 483 53.20%
Exam 4 - Tax & Estate Planning 1374 490 884 35.66%
Total 4831 2070 2761 42.85%
* As on 31st March, 2016
ExaminationII
Examination Statistics - (2012-13)Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 2096 877 1219 41.84%
Exam 2 - Retirement Planning & Employee Benefits 2012 852 1160 42.35 %
Exam 3 - Investment Planning 1609 751 858 46.67 %
Exam 4 - Tax & Estate Planning 1787 663 1124 37.10%
Total 7504 3143 4361 41.88%
FPSB INDIA REPORT MAY 2015| 13 FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 13
Examination Statistics - April 2015Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 95 40 55 42.11%
Exam 2 - Retirement Planning & Employee Benefits 118 40 78 33.90%
Exam 3 - Investment Planning 75 39 36 52.00%
Exam 4 - Tax & Estate Planning 87 26 61 29.86%
Total 375 145 230 38.67%
Examination Statistics - May 2015Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 107 52 55 48.60%
Exam 2 - Retirement Planning & Employee Benefits 87 35 52 40.23%
Exam 3 - Investment Planning 97 58 39 59.79%
Exam 4 - Tax & Estate Planning 107 35 72 32.71%
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%
Exam 1 - Risk Analysis and Insurance Planning 76 27 49 35.53%
Exam 2 - Retirement Planning & Employee Benefits 72 25 47 34.72%
Exam 3 - Investment Planning 89 46 43 51.69%
Exam 4 - Tax & Estate Planning 99 41 58 41.41%
Total 336 139 197 41.37%
Examination Statistics - July 2015Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 102 57 45 55.88%
Exam 2 - Retirement Planning & Employee Benefits 80 37 43 46.25%
Exam 3 - Investment Planning 95 47 48 49.47%
Exam 4 - Tax & Estate Planning 78 24 54 30.77%
Total 355 165 190 46.48%
Examination Statistics - August 2015Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 98 48 50 48.98%
Exam 2 - Retirement Planning & Employee Benefits 92 34 58 36.96%
Exam 3 - Investment Planning 71 44 27 61.97%
Exam 4 - Tax & Estate Planning 78 28 50 35.90%
Total 339 154 185 45.43%
FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 14
Examination Statistics - September 2015Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 121 54 67 44.63%
Exam 2 - Retirement Planning & Employee Benefits 98 45 53 45.92%
Exam 3 - Investment Planning 81 45 36 55.56%
Exam 4 - Tax & Estate Planning 91 21 70 23.08%
Total 391 165 226 42.20%
Examination Statistics - October 2015Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 125 46 79 36.80%
Exam 2 - Retirement Planning & Employee Benefits 110 51 59 46.36%
Exam 3 - Investment Planning 97 48 49 49.48%
Exam 4 - Tax & Estate Planning 77 31 46 40.26%
Total 409 176 233 43.03%
Examination Statistics - November 2015Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 138 56 82 40.58%
Exam 2 - Retirement Planning & Employee Benefits 107 36 71 33.64%
Exam 3 - Investment Planning 97 44 53 45.36%
Exam 4 - Tax & Estate Planning 120 43 77 35.83%
Total 462 179 283 38.74%
Examination Statistics - December 2015Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 140 63 77 45.00%
Exam 2 - Retirement Planning & Employee Benefits 79 31 48 39.24%
Exam 3 - Investment Planning 99 55 44 55.56%
Exam 4 - Tax & Estate Planning 175 53 122 30.29%
Total 493 202 291 40.97%
Examination Statistics - January 2016Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 111 45 66 40.54%
Exam 2 - Retirement Planning & Employee Benefits 91 40 51 43.96%
Exam 3 - Investment Planning 75 38 37 50.67%
Exam 4 - Tax & Estate Planning 198 84 114 42.42%
Total 475 207 268 43.58%
ExaminationII
FPSB INDIA REPORT MAY 2015| 15 FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 15
Examination Statistics - February 2016Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 95 42 53 44.21%
Exam 2 - Retirement Planning & Employee Benefits 108 52 56 48.15%
Exam 3 - Investment Planning 90 51 39 56.67%
Exam 4 - Tax & Estate Planning 156 61 95 39.10%
Total 449 206 243 45.88%
Examination Statistics - March 2016Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 83 38 45 45.78%
Exam 2 - Retirement Planning & Employee Benefits 92 37 55 40.22%
Exam 3 - Investment Planning 66 34 32 51.52%
Exam 4 - Tax & Estate Planning 108 43 65 39.81%
Total 349 152 197 43.55%
FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 16
CFPCM Certification Exam 5 & CSP Examination Statistics 2009-10
Particulars Appeared Passed Failed Pass %
Total 1,610 912 698 56.65%
CFPCM Certification Exam 5 & CSP Examination Statistics 2010-11
Particulars Appeared Passed Failed Pass %
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)
CFPCM Certification Exam 5 & CSP Examination Statistics 2012-13
Particulars Appeared Passed Failed Pass %
Total 1315 521 794 39.62%
CFPCM Certification Exam 5 & CSP Examination Statistics 2013-14
Particulars 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%
CFPCM Certification Exam 5 & CSP Examination Statistics 2015-16
Particulars Appeared Passed Failed Pass %
Total 926 360 566 38.88%
* As on 31st March, 2016
FPSB INDIA REPORT MAY 2015| 17 FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 17
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
Pathway Appeared Passed Failed Pass %
Regular 49 21 28 42.86%
Challenge Status 16 5 11 31.25%
Total 65 26 39 40.00%
June-15
Pathway Appeared Passed Failed Pass %
Regular 24 9 15 37.50%
Challenge Status 13 4 9 30.77%
Total 37 13 24 35.14%
July-15
Pathway Appeared Passed Failed Pass %
Regular 51 21 30 41.18%
Challenge Status 9 2 7 22.22%
Total 60 23 37 38.33%
August-15
Pathway Appeared Passed Failed Pass %
Regular 46 26 20 56.52%
Challenge Status 12 3 9 25.00%
Total 58 29 29 50.00%
September-15
Pathway Appeared Passed Failed Pass %
Regular 51 18 33 35.29%
Challenge Status 20 10 10 50.00%
Total 71 28 43 39.44%
FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 18
Examination
November - 15
Pathway Appeared Passed Failed Pass %
Regular 57 22 35 38.60%
Challenge Status 30 10 20 33.33%
Total 87 32 55 36.78%
December - 15
Pathway Appeared Passed Failed Pass %
Regular 56 24 32 42.86%
Challenge Status 21 7 12 33.33%
Total 77 31 46 40.26%
January-16
Pathway Appeared Passed Failed Pass %
Regular 71 22 49 30.99
Challenge Status 34 13 21 38.24
Total 105 35 70 33.33
February-16
Pathway Appeared Passed Failed Pass %
Regular 83 38 45 45.78
Challenge Status 31 11 20 35.48
Total 114 49 65 42.98
March-16
Pathway Appeared Passed Failed Pass %
Regular 93 38 55 40.86%
Challenge Status 33 12 21 36.36%
Total 126 50 76 39.68%
* As on 31st March, 2016
II
October-15
Pathway Appeared Passed Failed Pass %
Regular 59 22 37 37.29%
Challenge Status 20 5 15 25.00%
Total 79 27 52 34.18%
FPSB INDIA REPORT MAY 2015| 19 FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 19
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
FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 20
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
FPSB INDIA REPORT MAY 2015| 21 FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 21
Sr. No. Charter Members
Challenge Status Pathway
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
FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 22
Sr. No. Charter Members
Challenge Status Pathway
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
FPSB INDIA REPORT MAY 2015| 23 FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 23
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
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
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
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
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
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
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
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
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
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
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
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
15 IIFP Mr. NiamatullahProgramme Director
2E/8, 2nd Floor, Jhandewalan Ext., New Delhi - 110055
+91-11-43166700, +91-9953755092
16IIJT-Indian Institute of Job Training
Mr. Shajan Samuel Divisional Head
Farha Tower, 1st Floor, adjacent to Barton centre, 83 Mg road, Bangalore: 560001
+91-9886727272 [email protected]
Education Partners: The following Education Partners have been authorized to provide CFPCM Certification Education Program in India.
V. Education PartnersV
FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 24
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
+91-9910588001 [email protected]
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
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
21L.J. Center for Professional Studies (LJBS)
Mr. Viral Shah Center Head Infotower Ahmedabad-380015+91-79-30120116/26742878
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
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
+91-9327022995 [email protected]
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
30Stratagem Financial School
Ms. Tanvi Agarwal Head Operations
1. 201/A, Frontline Lake Shore Towers,Rajbhavan Road, Somajiguda, Hyderabad-500082
31The New Era Education Society
Ms. Srishti Sehgal8th Floor, Ansal Classique Tower, Rajouri Garden, New Delhi- 110027
+91-9650391592 [email protected]
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
33Trinity Global Education Private Ltd
Mr. Anand KulkarniExecutive Director
Trinity House, Plot No.5/B, Qureshi Nagar, Kurla (East), Mumbai 400 070.
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
V Education Partners
FPSB INDIA REPORT MAY 2015| 25 FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 25
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)
15 OngoingDate of completion to be in the validity period
Photocopy of passing certificate /degree
Licentiate/Associate/Fellowship of Life Insurance from Insurance Institute of India
10 OngoingDate of completion to be in the validity period
Photocopy of passing certificate /degree
MBA (Finance- Part Time) /(except Finance- Full Time)
10 OngoingDate of completion to be in the validity period
Photocopy of passing certificate /degree
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
10 OngoingDate of completion to be in the validity period
Photocopy of passing certificate /degree
LOMA Certification 10 OngoingDate of completion to be in the validity period
Photocopy of passing certificate /degree
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
Participation Certificate/Attendance sheet and Event Agenda
Financial Planning Association’s (FPA) Annual Convention in US
10 OngoingStarting Date of convention to be in the validity period
Participation Certificate/Attendance sheet and Event Agenda
Meetings of the Board of FPSB India and appointed Committees
3 OngoingDate of meeting to be in the validity period
Participation Certificate/Attendance sheet and Event Agenda
FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 26
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
Participation Certificate/Attendance sheet and Event Agenda
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.
FPSB INDIA REPORT MAY 2015| 27 FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 27
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
FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 28
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
Training Program for Final Module (Exam 5)
MumbaiMr. Puttaswamy Gowda
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"
MumbaiMr. Puttaswamy Gowda
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"
MumbaiMr. Puttaswamy Gowda
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
Training Program for Final Module (Exam 5)
Mumbai Mr. Kirtan Shah 12Exam 5 Training
IX. Current / Upcoming EventsIX
FPSB INDIA REPORT MAY 2015| 29 FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 29
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
FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 30
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
FPSB INDIA REPORT MAY 2015| 31 FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 31
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
FPSB INDIA | ANNUAL REPORT | 2015 - 16 | 32