Professional Documents
Culture Documents
on
And
Held On
May 4, 2012
At
I. Introduction 2
Introduction of the event
II. Objectives 3
Objectives of the event
VII. Conclusion 13
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I. Introduction
Also invited in the seminar were the Education Partners. There were time
slots allotted prior to and after the Seminar for Education Partners (EPs)
to have closed door meetings on various enrolment and education/exam
issues. The primary purpose of the meet was to enhance the level of
connect with the EPs, understand and resolve their concerns, if any, and
move ahead with a common approach for the achievement of Business
Objectives for the Financial Year 2012-2013.
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II. Objectives
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III. Event Details
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14:00 hrs 15:00 hrs
Session II
Special Inputs by Mr. Indranil Ganguly, Assistant Secretary-HRD, Life
Insurance Corporation of India
Special Inputs by Mr. Joydeep Sen, CFPCM, Senior VP-Advisory Desk-
fixed Income, BNP Paribas Wealth Management
An Address by Mr. Dharmendra Satapathy, VP and Head Marketing,
TATA Asset Management Ltd.
An Address by Mr. Jaydeep Kashikar, CFPCM, Director, Brain Point
Investment Centre Pvt. Ltd.
An Address by Mr. Vatsal Ramiya, Chief Manager, SBI Funds
Management Pvt. Ltd.
Close of Sessions
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IV. Participant Details
The event was attended by all FPSB India staff along with various
stakeholders including Education Partners (Present and Prospective),
Regulators, Charter Member Representatives and Speakers, Students and
the Media. The snapshot of the Participant List across all categories is as
below:
Participant List-Snapshot
S. No. Participant Category Attended
1 EPs 23
2 FPSB India Staff 20
3 Media Representatives and Support Staff 13
5 Prospective EPs 6
6 Regulators 2
7 Speakers 9
8 Students 79
Total 152
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V. Event Report Seminar (Open Session)
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SEBI commends FPSB India for the work it has done in ensuring a
basic standard of knowledge through its CFPCM certification
program, and the continuous education opportunities to help
financial planners update their knowledge.
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There is an increasing need and
scope for Financial Planners in the
Banking Industry in India.
The experience of Axis Bank on
recruitments of CFPCM Certificants
has been good on all levels.
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Salient Points of the Address by Mr. Dharmendra Satapathy, VP
and Head Marketing, TATA Asset Management Ltd.
It is important to understand
Investor Mentality and
Behaviour.
Competency and High Value are
two essential qualities of a
Financial Planner.
It is required to understand the
Business Strategy for Financial
Advisory.
It is required to map right
products to consumer needs and CFPCM certification is an important
enabler for achieving the said objectives .
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VI. Education Partners Interaction (Closed Door)
The primary discussions with EPs were focused on their concerns about
enrolments, pathways and mode of enrolling into CFP Certification
Pathway. The meeting was to continue after the close of Seminar. The
details are covered in the post-seminar closed door meeting at the end of
Seminar details.
FPSB India in the past had through agreement made agencies which
fulfill certain criteria to offer education and training to the candidates
pursuing CFP Certification Program to serves as authorized Education
Partners. They were obligated to enrol the prospective candidates
under the Program and offer them classroom training as well as
distance learning including online support. These Education Partners
were asked to exercise option to come under the monitoring of FPCIL
with effect from 1st April, 2011 which most of them exercised.
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for those going through the channel of Education Partners.
Mr. Ranjeet S Mudholkar stated the facts that making the CFP
Certification Program open-architectural was a decision the Board took
in May 2009. The following data of the last two years supports the
traction of the Self Study as the mode of completing CFP Certification
Program.
Registration statistics:
% Enrolments
Enrolment through Total
Year through Self
Self Study mode Enrolments
Study
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VII. Conclusion
The event was successful in terms of percolating the need for advisors
education across all segments of financial advisory domain, including
banking, securities markets etc. as well appreciated by the regulators in
the banking and capital markets and authenticated with commitment from
the Charter Members of FPSB India. Thus, it was a step in the direction of
aiding the establishment of common approach amongst all stakeholders
to take the Financial Planning movement further.
The regulators i.e. Securities and Exchange Board of India (SEBI) and
Reserve Bank of India (RBI) commended the initiatives undertaken by
FPSB India in upgrading the knowledge and skills of present and aspiring
financial planners to be able to address the growing consumer needs in a
need based, holistic and ethical manner.
Various speakers also stated that there is a huge demand and supply gap
in the industry and CFPCM certificants are best equipped to fill that
demand gap, owing to their knowledge, skill sets and compliance to
strong code of ethics in consumers interests.
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VIII. Media Report
The event generated a wide and positive media coverage, the details of
which are as below:
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Media Coverage (Contd.)
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