Monday, January 30, 2012

National Institute of Bank Management, Programme in Financial Planning and Wealth Management

National Institute of Bank Management
NIBM Post Office, Kondhwe Khurd, Pune 411 048, INDIA
Telephone : 0091-20-26716000 (EPABX)
0091-20-26716219/26716252 (Direct)
E-mail : elizabeth@nibmindia.org, smita@nibmindia.org
Website : www.nibmindia.org

Programme in Financial Planning and Wealth Management
February 20 – 29, 2012


For more details click here:

http://nibmindia.org/NIBMSearch/TPBrouchers/James-SRoy_Feb_20-19_brochure.pdf


The deregulation of interest rate that banks pay on savings account deposits has several implications. Firstly, the intensification of competition among banks for acquiring and retaining larger volumes of savings and current deposits could lead to rise in interest costs. Secondly, there is a negative impact on margins and profits due to higher average cost of funds. So strategies to boost fee-based income can provide the necessary cushion in a rising interest rate scenario. Again, on account of changing demographics and increased access to higher education, there will be larger proportion of young people in India earning considerably large incomes which lead could be channelized by banks into savings and investments through financial planning and wealth management services.
As mentioned in the 2008 report by Boston Consulting Group, wealth management
remains a relatively stable business and a valuable source of growing revenues even in 1 the most turbulent times.
In India, select banks have been active in the recent years in providing wealth management services to the growing High Net Worth (HNW) population. While new-age private banks (for example, HDFC, ICICI, AXIS Bank) have made considerable inroads into this segment of the Indian market, the growing middle class Indian population remains vastly untapped. In the coming decades, rising incomes among the young, and impending rise in the cost of living would necessitate systematic savings and investments for meeting future financial obligations. There is much scope for banks to offer financial planning and wealth management services to this burgeoning population of high and mid networth individuals, either as value-added services or as a fee based income, as the case may be. The launch of SBI Financial Planning and Advisory Services (FPAS) division is an encouraging step in this direction.
The Indian market is distinguished by two types of public sector players in this segment. Public sector banks having full-fledged wealth management/financial planning divisions (like SBI, BOB, Indian Bank, BOI) and those selling third party products like mutual funds through retail division. In addition, several new private sector banks have made significant inroads in this industry. An underlying feature for all these market players is the growing need for skilled manpower trained in financial planning services.
The Securities and Exchange Board of India (SEBI) has mandated in 2010 that distributors, agents or any persons employed or engaged or to be employed or engaged in the sale and/or distribution of mutual fund products, shall be required to have a valid certification from the National Institute of Securities Markets (NISM).
The programme which will be a rigorous ten-day training in financial planning and wealth management, will equip the participants with:
Comprehensive knowledge and operational skills in financial planning and wealth management.
Understanding the customer's perspective on savings, financial planning and wealth management including retirement planning and delivery of a
comprehensive suite of this new service.

In addition to professional inputs from NIBM faculty, eminent guest speakers from the wealth management industry will share their knowledge and expertise. Besides officers and executives of banks who are interested in obtaining the NISM Series-V-A: Mutual
Funds Distributors Certification Examination (NISM Series-V-A: MFD Examination) and/or NISM Series-VII CPFA (Certified Personal Financial Advisor) Certification will find the programme content very helpful.
Course Outline
Introduction to Wealth Management and Financial Planning
The Concept of Financial Planning
Investment Return and its Measurement
Investment Risk and its Measurement
Asset Classes
Mutual Funds: Concept, Role, Structure and legal Framework
Legal and Regulatory Environment
Fund Distribution and Channel Management Practices
Accounting, Valuation and Taxation
The Indian Scenario: Wealth Management Division
Retirement Planning
Insurance Planning
Tax and Estate Planning
Wealth Management Divisions: Organizational Structure and Operation
Marketing of Financial Planning Services


Who should Attend?
Officers or Executives working in financial planning/wealth management
divisions/retail divisions of banks.
Executives looking forward to establish themselves as certified financial planners.

Faculty
In addition to NIBM Faculty, professionals from banks and financial institutions. Please refer to Annexure for profiles of the guest faculty for the programme.
Programme Coordinators
Dr Elizabeth James
Ms Smita Roy

Dates
February 20 – 29, 2012


The programme will commence at 9.00 am on Monday, February 20, and will conclude by the evening of Wednesday, February 29, 2012.

Venue
NIBM Campus, Kondhwe Khurd, Pune, India

Transport Facilities at Pune
Prepaid Taxi/Auto services are now available at the Pune airport/railway station (16/9 Km. distance from NIBM Campus). As such participants are expected to make their own transport arrangements at Pune to reach the NIBM Campus. However, if requested well in advance, NIBM shall arrange for hired transport (to and fro from the Campus) on actual cost basis.


Programme Fee* (per participant) (10 days)
for member banks for non-member banks
Fee TDS Gross Fee TDS Gross
Rs. 41,000 Rs. 4,556 Rs. 45,556 Rs. 48,000 Rs. 5,333 Rs. 53,333
For two or more nominations from the same bank/organization a discount of 5 per cent on the fee will be allowed as follows:
for member banks for non-member banks
Fee TDS Gross Fee TDS Gross
Rs. 38,950 Rs. 4,328 Rs. 43,278 Rs. 45,600 Rs. 5,067 Rs. 50,667
NIBM PAN No. AAATN0040P
US $ 3200 for foreign participant

For more details click here

http://nibmindia.org/NIBMSearch/TPBrouchers/James-SRoy_Feb_20-19_brochure.pdf


Preferred Mode of Remittance for Foreign Participants: SWIFT
Hostel Accommodation
The Programme is fully residential. Participants will be provided well furnished single room AC
accommodation in the Institute's renovated hostel complex on the Campus. Participants will not be permitted to bring their family members to stay on the campus.
Nominations and Enquiries
Please address your enquiries and nominations along with the fees to:
Dr Elizabeth James/Ms Smita Roy
Programme Coordinators
National Institute of Bank Management
NIBM Post Office, Kondhwe Khurd
Pune 411 048, INDIA
Telephone : 0091-20-26716000 (EPABX)
0091-20-26716219/26716252 (Direct)
E-mail : elizabeth@nibmindia.org, smita@nibmindia.org
Website : www.nibmindia.org


Last Date for Receiving Nominations February 15, 2012

Participants interested to appear for the NISM Series-V-A: Mutual Funds Distributors Certification Examination (NISM Series-V-A: MFD Examination) and NISM Series-VII CPFA(Certified Personal Financial Advisor) online can do so at the Pune NSE-IT Centre, arrangements for which will be made by NIBM if intimation is given to course coordinators by February 10, 2012

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