The Indian Institute of Management Bangalore (IIMB) has taken a giant step to organize the financial planning industry by making public its new Certificate Programme on Personal Finance and Wealth Advisory (PFWA). The financial planning program developed by IIMB’s Centre for Capital Markets and Risk Management (CCMRM) along with FPSB India, aims to close the gap between academic knowledge and the needs of the modern wealth management industry.
The financial advisors and finance professionals are at the crossroads as the program coincides with the rising retail participation in the Indian stock market and the growing complexity of financial products.
The PFWA Program Highlights
The curriculum is based on the triad of rigorous academics, practical exposure to industry-standard tools, and problem-based learning.
● Integration of Bloomberg Dataset: The participants will be using the data platforms of professional quality for performing real-world financial analysis that is using professional-level data platforms for performing real-world financial analysis.
Strategic Partnership and Global Recognition
The cooperation with FPSB India (Financial Planning Standards Board) is a major boost to the certification’s prestige. The latter is the organization that administers the Certified Financial Planner (CFP) Credential, recognized worldwide as the gold standard in financial planning.
Those who have successfully completed the IIMB programme will qualify for a Fast Track Pathway to the CFP certification, which means they will not have to take certain specialist exams. This way, an individual can quickly reach the “gold standard” in terms of designation in the global financial planning community.
Benefits for Professionals and Career Growth
For those professionals who are after a transition into wealth management or want to boost up their existing advisory practice, the program comes with many distinct advantages:
● IIMB EEP Alumni Status: Passing the course enables one to be part of a very exclusive, very professional, and pretty prestigious alumni network just as if it were the Executive Education Programme.
● Increased Earning Potential: FPSB’s studies show that certified financial planners see significant growth in their client base and income just during the first year of working.
● Standardized Expertise: As the Indian regulatory environment for investment advisors gets more rigorous, having a certificate from an elite institute like IIMB will instantly win over the trust of wealthy clients.