The presentation explains about what is financial planning and the career opportunities for a Certified Financial Planner in India

1. CAREER IN FINANCIAL
PLANNING
Progno Financial Planning Systems Pvt Ltd

2. Brief walkthrough the life of Rahul
FINANCIAL PLANNING STORY

3. Age to celebrate and enjoy with very little responsibilities!
Rahul in 2001
Age :25yrs
Salary: Rs.5000 p.m.
Job: Accountant
Movies Rs.200pm; tickets @Rs.30 ;
Largely spends on cloths, shoes, dining out
Bike Petrol Rs.200 pm @Rs.27.54/lit
No Savings
No loans
Goals : Buying a Car

4. Family man with increased responsibilities and worries!
Rahul in 2014
Married to Swetha
Daughter 3 yrs old
Salary Rahul Rs.30,000p.m. Swetha Rs.25,000p.m
Movies Rs.1500pm tickets @ Rs.150!
Car – Petrol Rs.1800pm @ Rs.74.80/lit
Rs.7500 pm EMI for car loan
Pays Rent Rs.7500p.m.
SIPs for Rs.3000p.m.
Goals: Buying a Flat
 Daughter’s Education
 Daughter’s Marriage
 Holiday in Europe

5. Changes in Rahul’s Life
 Single to Married with kid – Marital Status
 Bike to Car; local theatre to mall – Lifestyle
 Petrol Charges Rs.27.54 to Rs.74.80 – Inflation
 Buying Home; Daughter’s Education – New Goals
 Salary from Rs.5000 to Rs.30,000 – Career
Progress
 No Savings to SIPs – Wealth Creation
 No Loans to Car Loan – Borrowing from Future

6. Rahul work for 30 years to meet all his goals, living needs and finally
have to save for the next 30 years of retirement
Rahul’s Future
No Income – 30 yrs

7. Risks pose hurdles in achieving goals
Risks in Life

8. Rahul’s Concerns
 How to mange increasing expenses?
 Should he go for a home loan?
 Which is the best investment?
 How to meet the Goals?
 How to reduce taxes?
 How much insurance is required?
 Will there be enough to live through
retirement?
…….and more will be there….

9. The Solution
Financial Planning

10. Financial Planning is the Long-term process of
wisely managing your finances so you can
achieve your goals and dreams while at the same
time negotiating the financial difficulties
that inevitably arise in every stage of life
Financial Planning

11. Financial Planner
 Accountant X
 Stockbroker X
 Insurance agent X
 Financial planner
 A financial professional who uses the
financial planning process to help client meet
his/her life goals.
 Client’s needs drive the planner’s
recommendations
 ―big picture‖ at the heart of each
decision — what’s best for the client

12. Qualities for Financial Planner
Behavior
• Listener
• Empathetic
• Responsive
• Solution
oriented
• Ethical
Knowledge
• Financial
Analytics
• Certification
• Product
Knowledge
Marketing
• Ability to write
well
• Creative
• Communication
Skills
• Organizing
Skills

13. Financial Planning in India
 Nascent Stage
 Few institutions engaged in fee based
services
 Mostly Goal Planning
 Focus on revenue through product sales
 Lack of Technology
 Narrow Product Spectrum
 Awareness through Media initiatives

14. Career Scope
 Around 3.5 crore tax payers
 1 lac + Financial Planners @ 300clients/FP
 Charter members give preference to CFP
certificants
 Banks and other major institutions are
setting up exclusive financial planning
services
 New profession – SEBI Registered
Investment Adviser

15. Current Career Opportunities
 FP Practice
 Wealth Management
 Financial Product Management
 Trainers
 Para planning

16. Progno Financial Planning Systems (P) Ltd
2nd Floor l RF Complex l Deshabhimani Road l Kaloor l Cochin 682017
Phone (+91) 8590003555 l 0484-3931782
Email: hr@progno.co.in
www.prognofp.com https://www.facebook.com/prognodirect
Contact