How does one get an Associate Financial Planner membership?
The AFP membership programme is targeted at existing professionals who want to upgrade their knowledge about financial planning without doing the entire CFP modules. What is the course fee? Individual institutions decide their own fees, says Mudholkar. And these vary according to the infrastructure provided and the method of learning involved, viz classroom, distance education, etc. How much does a financial planner actually earn? In the US, a CFP holder can earn between $40,000 and $100,000 annually; in India, he or she could expect to earn Rs 10 lakh to Rs 12 lakh per annum, says Mudhokar. Financial planners earn in a variety of ways: • Fees charged at an hourly rate, a flat rate plan, a percentage of the value of the client’s assets and/or income or a combination of these. • Commissions from investment or insurance companies for products sold as the plan is implemented. • A combination of fees and commissions. • Salaried employment in financial organisations or other institutions. H
