Free Cash at Your Door

Listen to the man in the street you will find the threads of the cruel reality that can be connected with the above quotation. The concerns are not only no money, but there are many who are expressing concern about having more money than it really can handle.

Talk with Rajeev, he left a prestigious B-school and got a decent job in a major Pharma. A year later, and was paying more interest on your credit card debt that his salary be home.

By Ravi and Sheetal, a couple working in their forties, the situation is no better. Its spending on education of children is sky-rocket, and so are their needs for upward mobility lifestyle. The greatest success of the course of their savings and are not sure how they will finance a college education. To Mr. Sen (55) Mr Executive of a power supply, is a bitter reality. Diligently saved money in Bank Fixed Deposits and employees Provident Fund for the last 30 years. But after buying the house plans and get your daughter married, what will the corpus does not seem enough to see through their retirement years and look after the medical needs of his ailing wife. They and millions around us need a professional that can help them identify and achieve personal goals by effectively managing its resources. The professional we’re talking about is called as a financial planner, a new phenomenon in Indian context, while a fully matured profession in developed countries.

What does a career in Financial Planning mean? A financial planner offers financial planning services, ranging from budgeting and debt management, as shares, bonds and annuities, insurance, employee benefits, and tax planning, retirement and estate planning and is directed primarily to individuals. A career in Financial Planning ensures that you are part of one of the fastest growing profession in India in the financial services vertical. A professional has the following in your work environment: Opportunities Job Satisfaction Improve personal and professional challenges of a large growth potential of income One way to help others realize their dreams as a financial planner, not only are working with numbers, is working with people, and few of them can stay with you from the moment they start to work until retirement. You have to know their hopes and goals and then develop strategies to help them achieve their goals by: Providing a holistic approach to Financial Planning Having a broad knowledge of financial markets Understand trends and identify potential risks have a global perspective

Learning from the horses mouth: What the Financial Services industry is talking about financial planning? Recently Proschool IMS hosted a discussion entitled “Powering the Future Financial Planners” in the ITC Sheraton, Mumbai to bring the candidates in the race for Financial Planning, on what the industry is really thinking in the profession. A number of industry stalwarts, including Mr A. K Purwar, Former President – SBI, Mr. Shailesh Haribhakti – Chairman, Planning Board Rules of India (FPSB I), Mr. C. Jayram – CEO, Kotak Bank, Mr. Ajay Bagga – CEO, Lotus India Mutual Fund, among others participated in the discussion and share your thoughts. The whole discussion was led by prominent financial journalist, Mr. Basu Debasish and was broadcast by the pan India CNBC TV.

What the panel discussion was an important revelation. There is an enormous gap between projected demand and real supply of Financial Planners in India. Infact the Indian Financial Services Industry now needs about 50,000 people, immediately

while there are only 250 of these certified professionals (Certified Financial Planners) available, while around 7,000 candidates are at different levels of implementation of the program. It is interesting that there are about 1. 50 qualified professionals worldwide lakh present throughout 20 + countries. Moreover, the debate went on regulatory authorities in India is considering a proposal to make certification mandatory in the financial adviser. The largest certification body FPSB India, which is floated in a 33-power companies in Financial Services have unanimously passed a resolution of advice to give Financial Planners certificates, special preference for employment opportunities. Kotak Bank proactive organization and voluntarily making it mandatory for private bankers certified in Financial Planning.

The numbers speak louder than words The Indian economy is growing at an impressive rate of 15. P. A. 9% compared to world average of 5. 2% for 2000 and 2005. In absolute numbers, the economy has grown from U.S. $ 268 000 000 000 in 2000 to U.S. $ 559,000,000,000 in 2005. The incremental wealth is reflected in the number of homegrown millionaires (in U.S. $ terms) in India, which currently stands at around 83000, and is growing at a rate of 15% each year. To sustain growth, we need qualified financial planners who will not only help people manage and grow your money, but also play an important role in the allocation of the surplus in the home to feed growth.

Is a career in Financial Planning right for me? Ask yourself these key questions to see if they are suitable for a career in Financial Planning: Are you a good listener? Would you like to meet and interact with all kinds of people? Do you consider yourself detail oriented and well organized? Do you feel comfortable using a calculator to perform mathematical functions? Are you self-motivated and ambitious? Would you invest or enjoy following the financial news?

If you answered “yes” to at least three of these questions, enter the financial planning could be a political maneuver. It is easy to see that a career in Financial Planning can be as complex or as simple as you want. Knowledge is the variable you can control. The more you learn about financial planning, the more valuable it will be in the market.

What is best for you to do PPC programs? to be an AFP or serching for another program on the PPC or cfp pune india with classroom session or learning destence.

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