CFPs are being recognized as the professionals’ responsible for the financial planning. They are the ones who create the base upon financial need of an individual considering retirement, tax, insurance, investment, Will & estate, personal loans etc .Their level of knowledge has got the due acceptance in the finance world which has made it a rising star.

Recently SEBI and PFRDA have exempted CFPs from the new rules set to deal with their products.


  • According to the SEBI Investment Advisers Regulations 2013 any person acting as an Investment Adviser needs to register themselves with SEBI.

The above advice means advice relating to Investing, Purchasing, Selling, Dealing of Securities or Investment Products. This covers advice rendered orally or written or through any means of communication and includes financial planning advice.

Therefore the Investment Adviser, Partners and Representatives of Investment Advisers need to clear either:

  1. NISM Certifications:Investment Adviser Certification Examination-1 (IACE-1) and Investment Adviser Certification Examination -2 (IACE-2)


  1. Any Certification Accredited by NISM –Certified Financial Planner (CFP) or CWM (Certified wealth manager)



  • Pension Fund Regulatory and Development Authority (PFRDA) is framing rules for “retirement advisors” who are expected to play a major role in propagating the National Pension System (NPS).

In fact, Pension Fund Regulatory and Development Authority (PFRDA), NPS administrator with a client base of 138.24 lakhs, too is giving due weightage to the financial planning aspect. It has started an authority called RETIREMENT PLANNERS so that it can bring more citizens under its umbrella.

To be a retirement planner PFRDA has set Graduation in any discipline as their minimum qualification. PFRDA had exempt CFP’s and other professional from other recognized institutes from obtaining a certificate of registration in order to become a retirement advisor.

Therefore soon most of the citizen might start searching these professional as their primary adviser cum planners for better financial planning and its management