World Financial Planning Day (Oct 3, 2018) is a way to move forward towards the vision of everyone having access to advice from competent and ethical financial planners and resources to plan well to live well. It’s a great time to remind consumers across the world about the value of partnering with a CFPCM professional.
On the occasion of #WFPD, ICoFP hosted a seminar at its Delhi Campus where senior leaders from the Financial Services Industry were invited to share insights about Financial Planning and how it is has become need of the hour for each individual.
‘Financial Planning is not a profession, it’s a religion. We must embrace it’, said Mr. Anil Chopra, Group Director-Corporate Affairs, Bajaj Capital Limited.
Other dignitaries included Mr. Sanjiv Bajaj, CFPCM, Vice Chairman, Bajaj Capital Limited; Mr. Sameer Mittal, Sr. Director, Ameriprise; Mr. Anil Chopra, CFPCM, Group Director-Corporate Affairs, Bajaj Capital Limited; Ms. Shilpi Johri, CFPCM, Financial Planner & Author; Mr. Atin Khanna, CFPCM , Associate Vice President – Area Manager – Priority Banking, Kotak Mahindra Bank Ltd.; Mr. Devinder Singh, CFPCM , Senior Vice President and Chief Manager, UTI Asset Management Company Limited
The event started with offering prayers to Maa Saraswati with lamp lighting ceremony and welcome address by our Chief mentor Ms. Jai Vani Bajaj. The event witnessed participation from industry, colleges as well as budding student aspirants.
Mr. Sanjiv Bajaj addressed the audience with how to have a positive approach being a Financial Planner at all times. He also talked about Behavioural Finance wherein he stated the fact that about 87% of people still do not follow behavioural finance but how important it is to be followed in the market. ‘A financial planner is someone who prevents their clients from taking stupid decisions’, he said.
Mr. Sameer Mittal, who was the keynote speaker for the day, explained the golden principles to follow in order to become and remain a successful Financial Planner.
Mr. Anil Chopra delivered an inspirational talk on how Bajaj Capital brought the concept of Financial Planning in India. He also explained the 5 important Es for Financial Planners i.e. Education, Examination, Experience, Ethics, Engagement. At the end, he touched upon a vital topic Asset Allocation, explaining in gist about all asset classes.
Ms. Shilpi Jhori explained the Role & Use of Social Media in Financial Planning and Mr. Atin Khanna talked about the Ethical issues in Financial Planning.
Keeping up the curiosity, Mr. Devendra Singh explained the Future of Financial Planning Profession in India and how huge an investment corpus the country potentially has. He well managed to explain the students the future aspects with a few facts.
The event was gracefully ended with the felicitation ceremony wherein we honoured ICoFP students who have successfully cleared their CFPCM Certification over the past one year.
At ICoFP, we are committed to FPSB’s vision to establish financial planning as a global profession and the CFP marks as a global symbol of excellence in financial planning.
Manya Kakkar
Academic Associate
ICoFP, New Delhi