- Education and Awareness: CFP? Professionals educate individuals about investing, personal finances etc. and raise awareness by conducting seminars and workshops related to financial literacy campaigns. This education and awareness lead to transfer of importance about financial literacy, the products available.
- Holistic Financial Planning: CFP? Professionals expertise in retirement planning and tax planning which leads to helping individuals in need for the same. From advising about wealth management, minimizing tax, providing tailored financial advice, providing strategies to achieve long-term goals and what not CFP? Professionals provide a holistic approach to financial planning.
- Working with Underrepresented Groups: To promote financial literacy, CFP? professionals now concentrate on women, those living in rural areas, and customers with modest incomes. They do not keep these underprivileged groups in the dark about what is needed to help them escape the financial crisis because they recognize the struggles these groups face in achieving their fair place in society. Thus, enhancing these communities means supporting their efforts to close the wealth gap, at least within the framework of the CFP? professionals themselves.
Challenges in Financial Literacy in India
Even though financial literacy provides many advantages and potential, several problems should be solved.
- One of them is the physical access to financial education since many respondents reported not having a financial education program in their community, or because due to financial constraints, or distance, they could not attend the programs.
- Also, financial literacy decreases due to the growing number of products in the financial market, thus, people make wrong decisions involving services such as insurance, investment, and loans.
- However, the main challenge is the shortage of funds and human and financial capital to develop and deliver effective financial education.
EduPristine Offering The Certified Financial Planner (CFP?) Course
EduPristine has newly launched the CFP? Certification Course. EduPristine, an Authorized Education Provider (AEP) of FPSB India, offers comprehensive training for the CFP? Program. If you're interested in how our courses have made a difference, look at the testimonials that highlight their impact.
You can reach out to the team about any queries regarding CFP? eligibility, CFP? course syllabus, CFP? course fees and much more.
