Financial Planning Standards Board India is a Public - Private Enterprise and a
Professional Standards Setting body that proactively guides the development and
promotion of standards for Financial Planning professionals to benefit and protect
the public in the country. FPSB India closely works with all the stakeholders' viz.
the Government, the Regulators, the Industries/Associations, the Corporate, the
Media and the General Public to achieve its objectives. It is a Professional Membership
& Certification organization-part of leading Global Confederation established
by prominent financial service corporations with an objective to professionalize
the concept of Financial Planning in India.
FPSB India is based on voluntary Self Regulatory Mechanism, which is reflected by
virtue of its Code of Ethics & Rules of Professional Conduct, which is mandated
for all its members. The creation of Financial Planning Standards Board India represents
commitment to the emergence of Financial Planning as a respected profession in India
and globally, and will strengthen our ability to educate the public about the Financial
Planning process and about the professionalism of Financial Planners who have committed
to competent and ethical behavior in India. Consistent with development in other
countries FPSB India will attempt to ensure that Financial Planning Certificants
in India meet Competency and Ethics standards which are based on a platform of Education,
Examination, Experience and Ethics requirements (the 4Es). Financial Planning Standards
Board India is marks licensing authority for the CFP marks in India, through an
Affiliate Agreement with FPSB Ltd. The other peer countries are Australia, Austria,
Brazil, Canada, China, Chinese Taipei, Colombia, France, Germany, Hong Kong, Indonesia,
Ireland, Japan, Malaysia, New Zealand, Republic of Korea, Singapore, South Africa,
Switzerland, Thailand, The Netherlands, United Kingdom and United States.
As a professional voluntary Self-Regulatory Organization, FPSB India promotes and
maintains voluntary standards of professionalism including Education, Examination,
work Experience and Ethics requirements and will continue to co-operate the Government,
Regulators and other agencies to appropriately, effectively and uniformly regulate
personal Financial Planning practitioners. Our stewardship of financial and human
resources will be characterized by fiduciary responsibility. Our members, volunteers
and our staff will uphold the same attributes and principles. FPSB India expects
of its own Certificants integrity, objectivity, competency, fairness, confidentiality,
professionalism and diligence in the performance of our mission.
There is a crying need to establish professional Financial Planning standards, inculcate
financial literacy, and create suitable redressal mechanism for the investors in
India, so that not only they can make responsible use of credit & money but can
make informed financial decision that affect their family and future. Leading personal
financial services establishments all over the world have been concerned about these
issues as well: as this not only impacts the businesses of the corporations but
also the credibility of the institutions - as it is largely a function of the professionalism
demonstrated by its associates vis-a-vis their investors. Globally many leading
personal financial services firms are coming together and attempting to professionalize
the business of Financial Planning, and setting standards in the discipline. Currently
in over 24 countries over 200 leading financial firms have joined hands towards
this objective. In India - Financial Planning Standards Board India has been set
up to achieve the same. FPSB India is currently promoted by 48 leading Financial
Services Organizations from the industry.
For more about FPSB India
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