The National Professional Standard for Financial Planners, approved by the Ministry of Labor and Social Security and compiled by the Professional Committee of Financial Planners, was officially promulgated to the public in August 2004. This not only means that the profession of financial planner has been formally incorporated into the national professional ceremony, but also means that the profession of financial planner has a unified national professional standard. Some authoritative experts predict that the gap of financial planners in China is 200,000;
In 2006, China's personal financial market is expected to grow to more than $57 billion, with an annual growth rate of 10%-20%. In the next five to 10 years,
Financial planner will become one of the most attractive occupations in China, and the annual salary of domestic financial planner should be between 654.38+ 10,000 yuan and 654.38+10,000 yuan.
Originated from CFP, wealth managers have become very common in the international financial field, such as Certified Financial Planner (CFP) and Chartered Financial Analyst (CFA). Compared with chartered financial analysts (CFA) who focus on investment analysis and investment fund management, international financial planners (CFP) pay more attention to providing comprehensive and pragmatic financial solutions for ordinary enterprises or wealthy individuals. The former emphasizes professional investment ability, while the latter emphasizes comprehensive sales and customer financial services. On the other hand, chartered financial analysts (CFA) usually have relatively fixed employment channels, including asset management departments of insurance companies, fund companies and securities investment analysis departments. And CFP has wider employment channels. People who are engaged in personal or institutional customer service in financial institutions meet the connotation of registered financial planner (CFP), and many people who have obtained this qualification take it as a part-time job. In addition, CFA may be more expensive, more difficult and more focused on theory and mathematics, while CFP is cheaper, simpler and more focused on practice and customer service.
A recognized financial planner, as a world-famous qualification, originally originated from an unknown meeting held in Chicago, USA 1969 12 12. The meeting established the International Association of Financial Planners, and plans to establish a special training school. The meeting also established the purpose of CFP: to serve customers and make them make money and save money, rather than being a simple financial product salesman. Although there were many doubts at first, just like CPA is a standard, financial planning also needs a standard. With standards, we can better understand the exact requirements of this profession, so as to carry out targeted training, and we can also build a stronger national or even global organization through the form of associations. This is the original origin of CFP.
The hardest part is actually in the beginning 197 1 year, there are no formal schools, no members and no formal training courses. Only about 150 people expressed interest in this certification project. Nevertheless, the organizing committee tried training in financial instruments, consulting methods and sales skills according to the actual situation at that time, and the training content was of course rough and rough. 1973 Due to the economic depression in the United States, the CFP plan has also encountered a crisis. By June 1 1, it was finally a little fresh. The Association of Financial Planners was established, which operated together with the previously established International Association of Financial Planners until 2000.
There was an episode during this period. Around a definition dispute, some people suggested changing CFP to "registered financial agent" (CFR), but this did not accurately reflect the essence of financial planning, and was finally abandoned.
During the ten years of 1974- 1984, although there were some minor disputes from time to time, the business continued to grow and develop. 1985, it's time to make a summary. The standard-setting bureau of registered financial planners was established, and its functions are described as: certification, control and self-discipline organization. CFP exams also began to develop regularly. The first thing it did after its establishment was to organize the United States 10000 CFP to sign the statement of the Bureau of Standards for registration and binding.
From 1990, the certification business expanded to the international market, with Australia as the first one, and then Japan began to join in 199 1.
With the acceleration of internationalization, the number of CFP has rapidly increased from 1995 to 1999. 1995 The number of CFP in the United States and the world was 3 15 12 and 155 respectively, reaching155. In just five years, due to the development of international business, the business has expanded by 67%.
In 2000, the two associations merged to form a unified organization: the Association of Certified Financial Planners, and their business began to take a new step.
From the short history of CFP development, although the time is short, it has developed rapidly, which shows that this certification meets the needs of society and has been recognized by people. The development of CFP in the United States has gone through three stages:
The first generation of CFP mainly comes from investment consultants in the securities industry and insurance consultants in insurance companies. In the eyes of customers, the salesmen of insurance and investment products at that time only cared about their own personal interests, which formed a bad image in the public mind. In order to solve this problem, reformers are committed to shaping their image as CFP professionals and spreading their new service concept to the public. They focus on customer needs and adopt a set of standardized technical methods to provide comprehensive financial advice covering all aspects of customers' lives, not just professional advice in a certain field. By showing customers the difference between them and brokers who used to mainly sell products, they can reflect the value of CFP services.
The second generation CFP mainly comes from various professional fields, such as certified public accountants, securities analysts, tax planners, life insurance consultants and lawyers. Their own middle class and wealthy customers have asked them more comprehensive financial problems, and CFP's training and service concept make these professionals willing to participate in CFP qualification certification, thus providing customers with more comprehensive financial planning services.
1999 according to the CFP survey in the United States, 74% and 73% of CFP holders hold partial qualification certificates for securities and insurance respectively, and 16% hold AICPA (Certified Public Accountant) certificates. In fact, more accountants have taken the PFS personal finance expert exam, which requires 250 hours of personal financial experience.
The third generation CFP mainly comes from college graduates who have just obtained a degree in financial planning. They have learned the knowledge of CFP finance specialty in the school system, and they have infinite yearning and enthusiasm for this profession, and their life experience and customer service experience will gradually mature in the long CFP career in the future.
According to the data of American Financial Planning Association, in the late 1990s, the average annual salary of CFP was about 1 10000 dollars, which was equivalent to the annual salary of Harvard MBA, and it was a veritable "golden master".
In 200 1 year, CFP was named the first "Best Occupation in America" (there are more than 250 occupations in America) and was praised as "the most respected occupation". China needs CFP.
At present, China's GDP has exceeded 10 trillion yuan, and its per capita GDP has reached 1000 US dollars. Bank deposits exceeded 10 trillion yuan, and per capita deposits reached 1000 US dollars. These two indicators are of great significance and are a watershed for a country and its people to get rid of poverty. A new affluent class has emerged in China, with 10% wealthy families accounting for 45% of the total property of urban residents. For example, the average household assets of high-income families in Beijing have reached 2.35 million yuan (about 300,000 US dollars), of which financial assets account for about 1/3, reaching 800,000 yuan (about 654.38 million US dollars). The funds in the hands of residents need good investment planning, and CFP naturally has a living soil. According to a survey conducted by the National Bureau of Statistics in 2002, by the end of June 2002, the financial assets of urban households had reached 80,000 yuan. From 1984 to 2002, the growth rate of financial assets per household was 25.5%. Much higher than the growth rate of GDP, this growth rate will continue. Among them, 70% of residents' financial assets are in the form of savings deposits. In recent years, China's savings rate has been hovering around 40%, far higher than the level of several percent in the United States. On the one hand, this is related to the consumption habits of Chinese people, on the other hand, it also shows that Chinese people are weak in investment awareness and are not good at investment and financial management.
After the introduction of CFP, it can effectively guide residents' investment awareness and improve this situation of high savings rate.
At present, China residents can invest in more and more financial instruments: A shares, B shares, closed-end funds, open-end funds, government bonds, corporate bonds, corporate convertible bonds, futures, gold, foreign exchange, real estate and so on. Faced with a large number of investment tools, people feel that the knowledge of investment and financial management is very lacking, and they need professional investment and financial consulting services. The special questionnaire survey conducted by China Social Research Institute in Beijing, Tianjin, Shanghai and Guangzhou last year showed that 74% of the respondents were interested in "personal financial services".
China is in the transition period from a specific economic system to a market economic system, and a series of social welfare systems that were originally covered by the state have been reformed to be shared by the state and individuals, such as housing, medical care, education and old-age care. These family financial activities need more and more professional financial consultants to help design and arrange, otherwise the personal financial goals will be difficult to achieve.
Looking at the financial market again, the banking industry is now gradually shifting from spread income to intermediate service charges, such as trust business, open-end fund business, insurance business and so on. The securities industry has also shifted from simple securities trading commissions to financial cross-selling and asset service charges; However, the insurance industry has shifted from single insurance sales to the marketing of combined products and investment-linked products, and participated in family income and expenditure financial services. The change of financial market profit model requires CFP to improve the quality of financial services. In terms of taxation, there will be more and more new taxes (such as inheritance tax and gift tax). ), and reasonable and effective tax avoidance measures have become one of the focuses of attention. The above marketing and financial management activities, especially the cross-selling of various emerging businesses, require a large number of professional financial consultants. At present, the number of accounts opened by investors in China stock market is about 68 million. Suppose 50% investors need financial advisers, that is, 34 million investors. According to the calculation that each financial consultant serves 200 clients, the securities industry needs at least 654.38+700,000 financial consultants. According to the analysis of banking, securities and insurance, China needs at least 450,000 financial advisers. Of course, whether these 450 thousand people can pass CFP certification depends on whether individuals can meet the basic requirements of CFP. In the United States, there are no fewer than 654.38 billion people with the title of "financial advisor", while there are only more than 40,000 people with CFP certificates. It can be seen that there is a great demand for financial consultants, but CFP has a high entry threshold.
Judging from the development of CFP in the United States and China's financial industry, CFP in China will be born from the following occupations:
Bank president, bank department manager, account manager and financial specialist: department managers, training managers and account managers who provide personal financial services such as personal banking department and credit card department of banks are expected to become one of the first CFPs. After that, they will train financial experts in the system and become financial planners serving high-value customers.
Investment consultant of securities companies: Some securities analysts in the Institute will be more easily transformed into CFP, and the account managers of the brokerage business department and asset management department will become CFP, so as to complete the strategic transfer of securities companies to integrated financial business after the commission reduction.
Professionals and insurance salesmen of insurance companies: Professionals, training specialists and excellent business personnel of insurance companies will become the most active teams to pursue CFP, not only because insurance companies have the largest sales team directly facing customers, but also excellent training teams, which makes CFP study extensive and orderly. Professionals, sales and service personnel of fund companies: At present, there are 67 funds managed by 19 fund companies in China, most of which operate open-end funds. At present, the sales of the fund are mainly underwritten by the agent bank, mainly before the closed period. With a variety of funds and active transactions, fund companies will set up direct sales and back-up service teams for individual customers, and some excellent CFPs will be born in this team to meet the personal financial planning needs of customers before choosing funds.
Professionals in intermediary consulting companies: CFP's fair and customer-oriented service concept will make CFP rich among professionals in some intermediary institutions, including accounting firms, law firms, insurance brokers, private equity funds and some intermediary consulting institutions. Some management consulting companies and training companies will also cultivate CFP and share the benefits of personal financial personnel training. (china institute of certified financial planners/provided)
What is a financial planner?
Financial planner refers to a person who provides comprehensive financial consulting services for individuals, families, small and medium-sized enterprises and institutions by using the principles, techniques and methods of financial planning. The specific work is to use professional knowledge to help customers make effective and reasonable planning within the acceptable risk range, and design an optimized portfolio of fund management schemes for customers, so that customers can obtain ideal income, achieve financial management goals and avoid financial troubles.
Financial planner first appeared in the United States and became a popular profession like doctors and lawyers. Financial planners in China have only appeared in recent years. At present, most financial planners exercise a single function and cannot meet people's growing demand for financial services. According to the survey of professional financial websites, without the guidance and consultation of professional financial personnel, people will lose as much as 20% or even 100% of their personal property in their lifetime.
In order to improve the comprehensive quality of financial planners in China, the Ministry of Labor and Social Security issued the National Professional Standard for Financial Planners, and carried out the pilot work of professional appraisal throughout the country. Financial planner is a highly professional profession, and practitioners should be familiar with financial business fields such as stocks, funds, bonds and foreign exchange. And maintain a high level of professional ethics, so as to really do a good job in financial planning.
Give you some more information for reference:
A certificate in hand, high salary and worry-free
One of the top ten high-income occupations in China in the future-
National Financial Planner (CFP) Vocational Qualification Certification Training
School enrollment handbook
With the international development of the financial industry, financial planners have become a specialized industry, and professional financial planners are in short supply. According to conservative estimates, there is a gap of 200,000 financial planners in China, and the serious gap will make financial planners one of the most attractive occupations in China. The demand for financial planner certification by financial practitioners is becoming more and more urgent. People with professional financial planning standards, especially financial planners who have obtained professional qualifications in People's Republic of China (PRC), will surely become the new favorite of China's financial management workplace.
1. Organizer: Nanjing Renren Training Center (National Financial Planner Certification Training Brand Training Institution)
Second, the training objectives
● Fully master the basic knowledge and practical skills of financial planning;
● Systematically teach international advanced financial planning professional tools;
● Disseminate the standardized concept of modern international financial services;
● Cultivate a large number of senior talents who understand international rules and have superb financial management skills.
Third, candidates
1. Personal business department manager, training manager, business manager and wealth manager of the bank;
2. Investment consultants and account managers of securities companies;
3. Training managers, sales managers, sales managers and senior salesmen of insurance companies;
4. Sales managers and customer service personnel of fund companies;
5. Professionals of investment intermediary companies, consulting companies and brokerage companies;
6. Other professionals who provide financial advice, such as certified public accountants and lawyers.
Four. Training income
1, through systematic learning, master the concept, technology and professional tools of international comprehensive financial management!
2. Obtain the "Professional Qualification Certificate of China People's Financial Planner", explore the financial management workplace and open up career prospects!
3. Naturally enter a professional exchange platform in the financial field, interact with each other, exchange information, cooperate with each other and expand business opportunities!
4. Grasp industrial resources and financial resources, and add flying wings to your career development!
Verb (abbreviation of verb) application conditions
1, assistant financial planner (level 3), as long as one of the following conditions is met:
(1) Engaged in this occupation for more than 6 years.
(2) Have a diploma in this major or related major from a technical school, technician college or vocational and technical college.
(3) College degree or above in this major or related major.
(4) Have a college degree or above in other majors and be engaged in this occupation 1 year or more.
2. Financial planner (Grade II), as long as one of the following conditions is met:
(1) Have been engaged in this occupation continuously for more than 3 years1.
(2) Having been engaged in this occupation for more than 5 years continuously after obtaining the third-class occupation qualification certificate of this occupation.
(3) have a bachelor's degree and have been engaged in this occupation for more than 5 years.
(4) Have a bachelor's degree, and have been engaged in this occupation for more than 4 years after obtaining the third-class vocational qualification certificate of this occupation.
(5) Having worked in this occupation for more than 2 years after obtaining a master's degree or above.
Training, examination and certification of intransitive verbs
The national unified examination is held in May every year, 1 1, subject 3. Theoretical knowledge examination adopts closed-book written examination method and uses standard answer sheet; Vocational ability assessment adopts closed-book simulated written test.
Those who have completed their studies in accordance with the regulations and passed the examination shall be awarded the National Vocational Qualification Certificate of People's Republic of China (PRC) Financial Planner by the Ministry of Labor and Social Security. Certificates are issued by the Ministry of Labor and Social Security in a unified number and are common throughout the country.
Seven. Training function
1, international course, local characteristics: learn from the international CFP training standards, fully combine the actual situation in China, select a large number of domestic practical cases, and be taught by famous financial experts and scholars in universities, well-known financial experts from all walks of life and senior practical experts.
2. Interactive teaching: training combines teaching knowledge with experiential learning; Teaching knowledge framework, case analysis, project analysis, group discussion and question answering; Invite famous domestic scholars and business elites to share successful experiences.
3. Closely combine with practice: you can design training programs according to the needs of students, strengthen your knowledge and skills in financial planning, and have the ability to independently tailor the financial planning report quota and personal financial marketing for customers.
VIII. Training and Examination Time
Training time: August, 20071August-June165438+1October 10 (span 4 months, full-time class every Saturday).
Examination time: June 2007165438+1October 65438+July.
9. Fees (including registration fees, teaching materials fees, training fees, examination fees, evaluation fees, certificate fees, etc.). )
1, assistant financial planner (level 3) 3800 yuan.
2. Financial planner (level 2) 6800 yuan.
(Sign up before May 20 and return to 200 yuan in cash; If a group of three or more people sign up, each person will return cash (200 yuan)
X. registered projects
1, registration and submission of materials
(1) Approval Form for National Vocational Qualification Appraisal
(2) Original and photocopy of ID card, academic certificate and professional and technical post certificate (the original shall be returned after verification); (3) Proof of professional working years;
(4) 4 recent 2-inch photos with the original bareheaded.
2. Registration time: Monday to Saturday from 8: 30 to 18: 00.
3. Registration place: Room 606, Renren Training Center, No.420 Zhonghua Road, Nanjing.
4. E-mail: Li Zhongyali, 1976@yahoo.com.cn
5. MSN: Tony Lee 1976@hotmail.com
6. Hotline: 025-523286115223358-8007.
7. Contact: Miss Li
For details, please visit China Human Resource Managers Union and Renren.com www.rr-success.com Station.