Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

What Does a Certified Financial Planner Cost?

Ramalingam Kalirajan |8125 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jul 23, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more

Question by Sanjib on Jun 08, 2024Hindi

Money

What is the Fees of a Certified Financial Planner?

Ans: The fees for a Certified Financial Planner (CFP) vary widely.

Fee Structures
CFPs charge in different ways:

Hourly Rate: Rs 2000 to Rs 10,000 per hour.

Flat Fee: Rs 15,000 to Rs 75,000 for a comprehensive plan.

Percentage of Assets: 0.5% to 2% annually.

Retainer Fee: Rs 10,000 to Rs 50,000 per year.

Commission-Based CFPs
In India, many CFPs work on a commission basis.

Product Commissions: They earn from selling financial products like mutual funds and insurance.

No Direct Fees: You don’t pay them directly; they earn from your investments.

Professional Guidance: Choose a professional CFP who works on commission. It can be beneficial as they are motivated to help you grow your investments.

Services Provided
Comprehensive Planning: Includes retirement, tax, and estate planning, costing more.

Specific Advice: Focused on a single issue, typically costing less.

Experience and Reputation
Highly Experienced CFPs: Charge higher fees due to reputation.

Less Experienced CFPs: Charge lower fees to attract clients.

Location
Urban Areas: Higher fees due to living costs.

Smaller Cities/Towns: Lower fees.

Value of Professional Guidance
Personalized Advice: Tailored to help you achieve financial goals.

Long-term Benefits: Leads to better financial decisions.

Final Insights
Fee Structures Vary: Know the different ways CFPs charge.

Consider Services and Experience: Evaluate what you need and the CFP’s experience.

Weigh Costs vs. Benefits: Consider the long-term benefits of professional advice.

Commission-Based CFPs: They can be a good choice, offering motivated, growth-focused guidance.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

MoneyReply

You may like to see similar questions and answers below

Hemant Bokil | Answer |Ask -Follow

Financial Planner - Answered on Jan 30, 2023

Asked by Anonymous - Jan 30, 2023Hindi

Money

How do I become a certified financial planner?

Ans: Hi to become a CFP you need to take certification from fpsb, there are many institutions in India offering CFP, you visit the websites of them to K ow procedure fees and qualification to be eligible also do Visit fpsb site

Archana Deshpande |103 Answers |Ask -Follow

Image Coach, Soft Skills Trainer - Answered on May 06, 2024

Question by Sridhar - May 06, 2024Hindi

Career

Hello Sir, I am 49 years old NRI. I would like to pursue Certified Financial Planner course as a hobby as the topics sound interesting. Is it advisable and is it possible to follow the course online? Please advise on possibilities if you thinking is a good idea. Regards, Sridhar

Ans: Hello Sridhar!

Something that interests you and you would love to learn ,is such a deadly combo, pls go ahead and pursue the Certified Financial Planner course as a hobby.
For an online course you have two options-
If you are someone who is self driven like me, then pursue an online course with recorded lessons, else go for an in person live online session!
Any course you do online go for a credible institute.

If you can attend an offline session go for it. This way you'll meet like minded people, interaction with new people opens up your mind, a good reason to get out of your home/ office routine and chance to be a student again in a classroom!!

“Wisdom…. comes not from age, but from education and learning.”
- Anton Chekhov

So continue to learn and grow in Wisdom!

Best wishes!!

Latest Questions

Dr Shakeeb Ahmed Khan |151 Answers |Ask -Follow

Physiotherapist - Answered on Mar 22, 2025

Asked by Anonymous - Mar 03, 2025Hindi

Health

We are couple with 1 child. However, struggling with schools for my 11 year old who has autism, can talk and severe adhd. Schools are saying that they cannot enrol him yet due to behaviour and the fact that he wont listen to anyone and behave badly. He is smart in academics but likes to do things as he wishes creating issues. he struggles with peer communication and sitting in one place and will slouch and fall from the chair. Are there any options that we can look at. As his IQ is normal we feel he will struggle in a special school as well.

Ans: I understand how difficult and frustrating this situation must be for you as parents. Your child is bright and capable, but his challenges with behavior, attention, and sitting still are making school enrollment tough. Finding the right environment that supports both his academic strengths and his needs is essential. Inclusive schools with special education support or Montessori-style learning environments may offer a more flexible and understanding approach. Occupational therapy can help increase his sitting tolerance, posture, and focus, while behavioral therapy can support emotional regulation and social interactions. You might also consider discussing the option of a shadow teacher with school staff, as one-on-one assistance in a classroom can make a big difference. In case you don't get access to an occupational therapist, approach a physiotherapist with an understanding of Sensory Integration, as they can also help with improving his body awareness and tolerance for sitting. You are not alone in this journey, and with the right support, your child can thrive. I encourage you to connect with a special educator or developmental therapist to explore the best options for him. I request you to be strong and determined. for your son.

Dr Shakeeb Ahmed Khan |151 Answers |Ask -Follow

Physiotherapist - Answered on Mar 22, 2025

Asked by Anonymous - Mar 07, 2025Hindi

Sir does doing soleus push up exercise daily bring down blood gulcose.

Ans: Yes, doing soleus push-ups daily may help in lowering blood glucose levels. Recent research suggests that activating the soleus muscle (the deeper calf muscle) through slow, repeated contractions can significantly improve glucose metabolism. This happens because the soleus muscle efficiently utilizes blood sugar and fat for energy without heavily relying on insulin, making it beneficial for blood sugar regulation.

A study by David Elek et al., titled *"The effects of soleus push-up on glucose tolerance among individuals with prediabetes ([DOI: 10.1101/2024.11.14.623602](https://doi.org/10.1101/2024.11.14.623602)), provides further insights into this mechanism. Their research highlights how engaging the soleus muscle in low-intensity contractions can play a role in managing glucose levels, particularly in individuals with prediabetes.

However, while soleus push-ups can help manage glucose levels, they should be combined with a balanced diet, regular physical activity, and proper diabetes management. If you have diabetes or blood sugar concerns, it’s best to track your glucose levels and discuss any new exercise routine with a physiotherapist or healthcare provider to ensure it fits your overall health plan.

Dr Shakeeb Ahmed Khan |151 Answers |Ask -Follow

Physiotherapist - Answered on Mar 22, 2025

Question by RUPESH - Feb 18, 2025Hindi

I have been suffering from this problem for over 20 years. Most of the time, I experience pain in my body, and whenever I am in front of my boss and he asks me anything, I get extremely nervous and my body feels weak and drained all the time.

Ans: Hello Mr. Rupesh . As a Physiotherapist I would suggest relaxation exercises and meditation . However you can also consult a psychologist.

Dr Shakeeb Ahmed Khan |151 Answers |Ask -Follow

Physiotherapist - Answered on Mar 22, 2025

Asked by Anonymous - Nov 20, 2024Hindi

Health

Hello sir, I'm 52 years lady with active lifestyle..by profession I m doctor..my weight is 92 kg..will try lot's of things to reduce my weight as regularly 45 minutes walk,strength and cardio exercises and try to maintain balance diet but result is zero..infact i gain weight day by day...plz help me...thanks in advance ????????

Ans: Thank you for reaching out. Since you have an active lifestyle but are experiencing weight gain despite regular exercise and a balanced diet, there may be underlying factors affecting your metabolism. Hormonal imbalances (like thyroid issues or insulin resistance), stress, poor sleep, or even undereating leading to metabolic slowdown could be contributing to the issue. It would be helpful to get your thyroid, insulin, and cortisol levels checked to rule out any medical reasons. Additionally, focusing on strength training over excessive cardio, tracking your calorie intake accurately, and ensuring enough protein intake can help optimize fat loss. Consider consulting a nutritionist or endocrinologist for a personalized approach. A physiotherapist can also guide you on the best exercise strategies to improve metabolism. Don’t lose hope—small adjustments can make a big difference!

Dr Shakeeb Ahmed Khan |151 Answers |Ask -Follow

Physiotherapist - Answered on Mar 22, 2025

Question by Arijit - Jan 01, 2025Hindi

Suppose a person weighing 70 kg walks at a speed of 2km per hour. Will he/she lose carbohydrates or fat or both?

Ans: Dear Mr. Arjit .Thank you for your question. When a person weighing 70 kg walks at a slow pace of 2 km per hour, the body primarily uses fat as the main energy source. Since this is a low-intensity activity, oxygen is readily available, allowing fat to be burned efficiently. Carbohydrates are used more during higher-intensity activities, such as brisk walking or running. While a small amount of carbohydrates may be utilized, the majority of energy comes from fat metabolism. To improve endurance and optimize fat burning, incorporating brisk walking, strength training, or interval exercises can be beneficial. For a personalized exercise plan based on fitness goals, I recommend visiting a nearby physiotherapist for proper guidance. Wishing you good health and fitness!

Dr Shakeeb Ahmed Khan |151 Answers |Ask -Follow

Physiotherapist - Answered on Mar 22, 2025

Asked by Anonymous - Mar 19, 2025Hindi

Health

Sir how to improve my core strength? Any exercises that you would recommend? I am 34

Ans: Dear Madam/Sir. Appreciate you reach out to improve core strength as many people do neglect core muscle strength. A strong core is essential for better posture, stability, and overall fitness. To strengthen your core, start with a plank, where you lift your body onto your forearms and toes, keeping your back straight and holding the position for 30-60 seconds. Next, try the bird-dog by getting on all fours, stretching one arm forward and the opposite leg backward, holding for a few seconds, and switching sides. The dead bug is another great exercise—lie on your back with arms and legs raised, then slowly lower one arm and the opposite leg before switching. For lower back and glute activation, perform glute bridges by lying on your back with knees bent, lifting your hips up, and lowering them slowly. Russian twists improve oblique strength; sit with bent knees, lean back slightly, and twist your torso side to side. Leg raises help target the lower abs—lie flat, lift both legs straight up, and lower them without touching the ground. Lastly, try the hollow body hold by lying on your back, lifting your shoulders and legs slightly off the ground, and holding the position while keeping your core engaged. Perform these exercises 3-4 times a week for better core strength and stability. Wishing you success in building a strong core!

Dr Shakeeb Ahmed Khan |151 Answers |Ask -Follow

Physiotherapist - Answered on Mar 22, 2025

Asked by Anonymous - Mar 21, 2025Hindi

Health

My father had a spine surgery in 2019. Since then he occasionally experiences lower back pain, especially if he travels or sits for long hours. He does some stretching and cardio. Can you suggest some exercises to help him strengthen his back?

Ans: Dear Madam/Sir . Thank you for your query. Since your father has a history of spine surgery, his lower back pain may be related to slip disc or spinal canal stenosis, especially after prolonged sitting or travel. To strengthen his back safely, he can try gentle core and back exercises such as pelvic tilts, bridges, and bird-dog to improve stability. Seated lumbar extensions and gentle spinal decompression (lying on his back with knees bent) can help relieve pressure. Stretching the hamstrings and hip flexors will also reduce strain on his lower back. However, he should avoid high-impact activities, deep forward bending, and heavy lifting. Since his condition requires personalized care, I strongly recommend visiting a nearby physiotherapist for a proper assessment and a tailored exercise plan. Wishing him a quick recovery!

Dr Shakeeb Ahmed Khan |151 Answers |Ask -Follow

Physiotherapist - Answered on Mar 22, 2025

Asked by Anonymous - Mar 21, 2025Hindi

I have noticed a bit of stiffness and occasional pain in my hips, especially if I am sitting for long periods at work. I am 32, single and I have a sedentary banking job. I travel about 2 to 3 hours a day by public transport. I am not sure how to manage my schedule and find time for some workout. Can you suggest some tips and exercises that can help reduce pain and improve my health and flexibility?

Ans: Dear Madam/Sir .Thank you for your query. Your hip stiffness and occasional pain are likely due to prolonged sitting during work and commuting. To reduce discomfort, maintain proper posture, take breaks every 30-45 minutes, and use lumbar support. Incorporate simple stretches like seated figure-four, hip flexor stretch, and deep squat hold to improve flexibility. Strengthening exercises such as glute bridges and clamshells can provide better hip stability. Whenever possible, stand during your commute and walk around during breaks to avoid prolonged sitting. If the pain persists or worsens, visit a physiotherapist for a proper assessment and personalized treatment plan. Wishing you a quick recovery!

Radheshyam Zanwar |1473 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Mar 22, 2025

Question by ASMIT - Mar 22, 2025Hindi

I got 96.5 percentile in JEE Mains Session 1 (SC). West Bengal home state. I have a interest in sports and would like to go with some electronics related branch. Which NIT & branch combination would be the best choice for me. I was thinking about NITR EIE

Ans: Hello Asmit.
There are chances to get a set in NITs. If you are interested in sports, then choose computer computer-related branch or IT branch to have flexibility in your studies. Hope, you may be admitted to NIT Rauekela with the preferred branch. Bst of luck to you.
Follow me if you like the reply.
Radheshyam

Yogendra Arora |12 Answers |Ask -Follow

Tax Expert - Answered on Mar 22, 2025

Question by Amit - Mar 13, 2025Hindi

Money

Hello, I am a salaried individual posted in Gurgaon hailing from Mumbai. Can I claim HRA for both Gurgaon and Mumbai, as my daughter aged 19 is staying in Mumbai and I am paying rent for both the locations. My annual Basic is 17.8 lacs and HRA is 10.65 lacs.

Ans: hi,
Yes Income Tax department has allowed deduction of HRA for 2 eligible houses provided you should have proper records for validation like rent receipts, actual payment details etc.
And eligible amount of HRA calculation is based on your Rent paid, Basic Salary, period of tenancy & Location of houses.

See more questions »

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus

Sign up

email

uname

mobile no

Country Code

Mobile number

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

LOGIN

x