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Becoming aProfessional

ContentWho Should be a CFP Professional?Why CFP Certification?CFP Certification CurriculumGlobally Recognised, Locally SupportedOther Benefits of the CFP MarkHow do I start?The AFPM QualificationCharter/Corporate MembersAbout FPAMContact usWho Should bea CFP Professional?If you are an individual involved inpersonal financial services (PFS) such asfinancial planning, retail banking, unittrust, insurance, estate planning andwealth management, having the CFPcredential will enhance your professionalstatus among your peers. Consumersview CFP certification as an indication ofa qualified and trustworthy personalfinancial planner or financial servicesprofessional.

Why CFPCertification?12345Global RecognitionAn international qualification which is recognised by consumers aroundthe world.Recognition by Industry RegulatorsRecognised by the industry regulators for licensing as financial plannersand financial advisers.Knowledge and CompetenciesEquips you with the body of knowledge and competencies to enableyou to holistically plan, advise and recommend the most appropriateproducts and services to your clients.Career enhancementEnhance your career development opportunities. Increasingly, bankand other financial institutions make the CFP certification arequirement for staff in personal financial services.Satisfied clientsAs clients become more sophisticated they will be interested in a widerrange of products and services. They will be better served by the CFPprofessionals who are well equipped with the body of knowledge andcompetencies.Based on a research conducted in the US, clients of CFP practitioners aremore satisfied than the clients of other financial advisers and areinterested in a broader range of financial advice.6International CommunityAs a CFP professional you will be part of an international community ofelite financial professionals who are committed to upholding rigorousglobal standards and putting clients’ interests first.

The CFP CertificationCurriculumThe CFP Certification Curriculum has been developedcollaboratively between the international FinancialPlanning Standards Board and Financial PlanningAssociation of Malaysia (FPAM). It has a core body ofsubjects that are relevant with the necessary depth andbreadth that professionals in the PFS industry areexpected to meet; at the same time country specificrequirements are incorporated into the curriculum.The programme comprises six modules:Module 1: Foundation in Financial PlanningModule 2: Risk Management and Insurance PlanningModule 3: Tax PlanningModule 4: Investment PlanningModule 5: Retirement Planning and Estate PlanningModule 6: Financial Plan Construction and ProfessionalResponsibilitiesThe shortest time frame to complete the programme is 18 months.

The U.S. Bureau ofLabour Statisticspredicts muchfaster-than-averagegrowth for financialplanners through 2018.The most recentJobs RatedAlmanac againranked financialplanning as one ofthe top-rated jobsin America.Studies show that over athree-year period, theaverage increase in pay inthe year followingcertification is over 57percent.Globally RecognisedLocally SupportedOther Benefits ofthe CFP MarkThe CFP certification programme is an internationallyrecognised qualification promoted by FPAM as the industrystandard for professionals in the personal finance industry.Examinations for the CFP credential conducted by FPAM arevalidated by the Financial Planning Standards Board (FPSB).The CFP credential is recognised by Bank Negara Malaysiaand the Securities Commission.The CFP certification programme has also been adopted bymany major financial institutions worldwide and locally.Introduced in 1972, the CFP certification grew and becamethe gold standard for financial planning.Exemption from FIMM’s CUTEHolders of the CFP credential are eligible for exemption from theComputerised Unit Trust Examinations (CUTE) conducted by the Federationof Investment Managers Malaysia.Fees Eligible for EPF & HRDF FundingThe fees for the programme are eligible for withdrawal for educatonpurposes under the Employees Provident Fund (EPF) and for training grantunder the Human Resources Development Fund (HRDF).Recognised by FIMM for CPD PointsThe individual modules under the certification programme are eligible forCPD points under the FIMM’s Continuing Professional Developmentprogramme.

“Most financial designationsaren’t subject to state or federal regulation,but are still highly regarded because of the steps neededto earn those initials.Many also are accountable to professional organisationsthat set ethical standards on members.The CERTIFIED FINANCIAL PLANNER [ certification]is considered the gold standard in this crowd.”Jeff OpdykeThe Wall Street JournalJanuary 28, 2006How do Istart?Register today with FPAM to begin your journey towardsthe CFP certification. Depending on your education andexperience you may already be well on your way.12345Meet the education requirement.Agree to abide by the code of ethics andprofessional responsibilities.Pass the examinations.Meet the experience requirements.Receive authorisation to use the CFP mark.The AFPMQualificationCandidates will be pleased to note that thesuccessful completion of Module 1 will entitle themto carry the designation of AFPM (AssociateFinancial Planner, Malaysia) which is recognised bythe Securities Commission. This Module provides anexcellent introduction to understanding the oftenbroad and multi-faceted financial requirements ofclients and how to address them in an integratedand holistic manner by offering comprehensivesolutions.AFPM holders who pass an additional module arealso eligible for internship programme underlicensed financial planners.

Profile of CFP certificants by IndustryCharter/Corporate MembersFPAM is supported by firms from a wide cross section of the financial services sector. This include some of the major internationaland local financial institutions as well as boutique advisory firms.Asset Management (2%)Trust and Wills (1%)Affin Bank BerhadAlliance Bank BhdBank SimpananNasional bhdAmerican InternationalAssurance BhdAmanah Raya BhdHong Leong Assurance BhdApex Investment Services BhdCIMB Bank Bhd CIMB Investment Bank Bhd CIMB Islamic Bank BhdAccountants (14%)Stock Brokerage (7%)ING Insurance BhdFinancialAdvisory (20%)Citibank BhdiFast CapitalSdn BhdHSBC Bank Malaysia BhdHwangDBS Investment Bank BhdCIMB Wealth Advisors BhdMalaysian Assurance Alliance BhdBanks (14%)Non-financialCorp (5%)Malayan Banking BhdOCBC Bank (Malaysia) BhdOSK Investment Bank BhdManulife Insurance (Malaysia) BhdCIMB PrincipalAsset Management BhdRHB Bank BhdRHB Investment Management BhdStandard Chartered BankMalaysia BhdUnited OverseasBank (M) BhdPrudential AssuranceMalaysia BhdMIDF AmanahAsset Management BhdUnit Trust (24%)Insurance (13%)MAAKL Mutual BhdPacific Mutual Fund BhdPheim Unit Trusts BhdPublic Mutual BhdFIRST SOVEREIGNA D V I S O R YA. D. Financial Sdn Bhd First Sovereign Advisory Sdn Bhdal-Salihin Trustee BhdOSK Trustee BhdDeakin International Sdn BhdOSK-UOB Unit TrustManagement BhdRockwillis CorporationSdn BhdStandard Financial PlannerSdn Bhd

About FPAMMalaysia, CERTIFIED FINANCIAL PLANNER® and Islamic Financial Planner. It is governed by a bienniallyelected board which includes public interest representatives.CFP CertificationGlobal excellencein financial planningContact UsFor all inquiries please contact us at:Financial Planning Association of MalaysiaUnit 1109, Block APusat Dagangan Phileo Damansara II46350 Petaling Jaya, SelangorT: +60-3-7954 9500F: +60-3-7954 9400www.fpam.org.myKDU Management Development CentreEducation ProviderFor all inquiries please contact us at:KDU Management Development CentreBlock A, KDU University College(Section 13 Campus)76, Jalan Universiti, 46200 Petaling Jaya,Selangor Darul Ehsan, Malaysia.T: +60-3-7953 6969F: +60-3-7953 6966Website: www.kmdc.com.myEmail: start@kmdc.com.myFacebook: www.facebook.com/MYCFPCFP CMPlanning Association of Malaysia is the marks licensing authority for the CFP marks in Malaysia, through agreement with FPSB.

Copyright. All rights reserved 2011.Financial Planning Association of Malaysia.