What does FSCP mean in CERTIFICATIONS & DIPLOMAS

Financial Services Certified Professional (FSCP) is a certification that demonstrates an individual's knowledge and understanding of financial services, products, regulations, operations and related risk management processes. It enables individuals to demonstrate their credentials and enhance their value in the financial services industry.

Any individual who works in the financial services industry such as brokers, bankers, analysts, insurance agents, advisors or anyone else who is responsible for providing financial advice or executing financial transactions should become FSCP certified.

To become FSCP certified, applicants must have a working knowledge of areas such as securities markets and instruments, banking fundamentals and practices, investments and portfolio management concepts and techniques, insurance products and regulations. Applicants must also have two years of relevant work experience as well as passing an exam.

The amount of time required depends on your level of experience with the subject matter before taking the exam. Generally speaking, it may take up to 6 months depending on how much study time you put in for the exam.

Yes there are prerequisites for taking the exam such as having two years of relevant work experience in the field as well as having a working knowledge of areas such as securities markets and instruments, banking fundamentals and practices, investments and portfolio management concepts and techniques. There is also a $625 fee associated with taking the exam.

The program includes topics such as regulatory requirements; risk management; accounting principles; investment analysis; customer service techniques; security analysis; portfolio construction; capital markets; retirement planning; taxation systems; insurance policies & filings; ethical considerationsand operational processes.

Your FSCP certification remains valid for three years from when you obtained your certification after which you will need to recertify by completing additional training or continuing education courses.

Yes there are various resources available online such as practice exams that you can use to help prepare before taking your official exam. In addition there are books available that can give you additional insight into different topics covered on the test.

Yes after completing your certification you will be eligible for certain discounts offered through various organizations like AIG Private Client Group’s Insuring Success Program which offers premium discounts for insureds who hold professional designations from approved organizations like FSCP.