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Challenge Status CFP Program
OVERVIEW
the Challenge Status Program is for professionals who already possess certain skill sets and proficiency which is expected of Financial Planners. A candidate applying for the Challenge Status program needs to appear only for a single examination (Exam 5) and has to meet the experience criteria. Nevertheless, the syllabus under the Challenge Status program is same as in the Regular program.
REQUIREMENTS

The Challenge Status Program is for professionals who already possess certain skill sets and proficiency which is expected of Financial Planners. A candidate applying for the Challenge Status program needs to appear only for a single examination (Exam 5) and has to meet the experience criteria. Nevertheless, the syllabus under the Challenge Status program is same as in the Regular program.

FAQ'S
TRAINING
 

The CFP Board has approved a list of degrees or credentials that students must possess in order to waive fulfilling the educational requirements. You may automatically sit for the exam if you possess one of the following degrees or credentials from that list.

Students having challenge status may join our program for individual courses to strengthen their knowledge in a particular topic area.

 

Qualification Criteria

Only candidates who are Graduates from a Recognized University and having the following additional Educational Qualifications or equivalent would be eligible under the Challenge Status Program:

   

1

Chartered Accountant (CA) / Intermediate level from Institute of Chartered Accountants of India (ICAI)

2

Chartered Financial Analyst (CFA) from CFA Institute, USA

3

Cost Accountant (ICWA) from the Institute of Cost and Works Accountants of India (ICWAI)

4

Certified Associate of Indian Institute of Bankers (CAIIB)

5

PhD./ M.Phil in Economics, Econometrics, Statistics, Commerce, Mathematics, Finance, Management, Financial Planning/ Advising, Investment (or any other similar discipline)

6

Post Graduate1 in Economics, Econometrics, Statistics, Commerce, Mathematics, Finance, Management2, Financial Planning/ Advising, Investment (or any other similar discipline)

7

LLB (Law) or equivalent

8

Licentiate/Associate/ Fellowship of Life Insurance from Insurance Institute of India

9

Actuary from Institute of Actuaries of India

10

Civil Service Examinations by Union Public Service Commission (UPSC)3

11

Company Secretary from Institute of Company Secretaries of India.

12

Fellow, Financial Services Institute (FFSI) / Fellow, Life Management Institute (FLMI)from LOMA

WORKSHOP

The application for this Program will be accepted after appropriate verification, and it may be noted that meeting the above-mentioned Qualification and Experience criteria does not automatically deem the candidate eligible for the Challenge Status Program. Candidates must provide attestation from their governing Professional Body/ Gazetted Officer confirming their membership / qualification is in good standing/in order. PhD. candidates must provide proof of successful completion of the specific PhD. program.

COST

Accounting

Banking/Trust

Consulting

Estate Planning

Financial Planning/Management

Securities/Investment Funds

Taxation

Journalism/Writing on Personal Finance

Law

Insurance

Retirement/Pension Planning/Employee Benefit

Portfolio/Investment Management

Teaching at a post-secondary level

PREPARATION
48 Hrs training by Experienced Faculties, administration & Processing charges, Online Support - Online mock test, Study material vetted by FPSB India, Financial Calculator Tutorial, Presentation for all modules in soft copy