In a 'grandfthering' ceremony, The Association of Financial
Planners (AFP) conferred the title of Certified Financial
Planner (CFP), to 30 professionals including heads and
senior representatives of financial institutions and well
known names in the financial services sector.
their new roles as 'grandfathers' of the Indian financial
planners community, they will participate actively in
the development of financial planning to upgrade its quality
and recognition; volunteer for AFP board, task forces,
committees; communicate the value of financial planning
to their respective organisation, peers, and employees;
educate regulators about financial planning and the media;
stay abreast of rapidly evolving local and international
professional issues and serve as role models for younger
on the occasion, Sanjay Sachdev, chairman, AFP, said,
"With an approval from IRDA for CFP, the financial
planning movement continues to gain credence, while addressing
the need for financial planners in other financial services
like mutual funds and pensions. We are happy with the
encouraging acceptance of the CFP and AFP at the regulatory
and government levels."
Middleton, CFPCM, FPSB board member said, "Consumers
in India have the right to expect that financial planners
meet appropriate competency and ethics requirements. AFP
India's efforts to establish a world class Certified Financial
Planner CM certification programme will go a long way
towards meeting this objective ".
Association of Financial Planners (AFP) is a non-profit,
professional certification association. It was established
in April 2001 and is dedicated to developing and promoting
an industry providing unbiased financial advice to the
International CFP Council, established in 1990, is an
international assembly of financial planning associations,
which promotes professionalism in financial planning.
It has members and associate members in 19 countries.
AFP is the fifteenth member of the Council.
hopes to create a team of over 10,000 financial advisors
by 2007 to help households and individuals plan their
investments to meet long-term needs. AFP plans to achieve
this by converting at least
two per cent of financial intermediaries i.e. about five
lakh, as advisors through systematic training, skill development