About Financial planning standards board of india
The Financial Planning Standards Board of India (FPSB) is a non-profit organization that aims to promote financial planning as a profession in India. The organization was established in 2002 and is affiliated with FPSB Ltd., which operates in over 26 countries worldwide.
The FPSB's mission is to develop, promote, and enforce professional standards for financial planners in India. The organization provides education, training, and certification programs for individuals who wish to become certified financial planners (CFPs). These programs are designed to equip individuals with the knowledge and skills necessary to provide comprehensive financial planning services to clients.
The FPSB also works closely with regulatory bodies such as the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI) to ensure that financial planners adhere to ethical standards and comply with relevant regulations. This helps build trust between clients and their advisors, which is essential for long-term relationships.
One of the key benefits of working with an FPSB-certified CFP is that they are required to follow a strict code of ethics. This includes putting their clients' interests first, maintaining confidentiality, providing full disclosure about fees and commissions, avoiding conflicts of interest, and providing unbiased advice.
In addition to promoting professional standards for financial planners, the FPSB also conducts research on various aspects of personal finance. This research helps inform policymakers about issues related to retirement planning, investment management, tax planning, estate planning, insurance planning etc., which can help improve overall economic well-being.
Overall if you're looking for a reliable source when it comes down your finances then Financial Planning Standards Board Of India should be your go-to place!