The Financial Planning Association of Malaysia (FPAM) with a grant from the Capital Market Development Fund (CMDF) has launched an initiative to attract new talents into the financial planning industry.
The initiative would provide suitable candidates, incentives to complete the CFP certification program and ensure they are ready to be licensed as financial planners.
Prerequisite
All participants must possess a Bachelor Degree in any discipline.
Interested participants without a Bachelor Degree but with a minimum SPM qualification with 5 years of full time working experience in the financial services sector can register for the program if they pass the Prior Learning Recognition Assessment conducted by FPAM.
Participants who have passed the CUTE or PRS exams and have a Bachelor degree or a Diploma with 5 years of work experience are exempted from the exams for Module 1 but will still be required to attend a tax workshop.
Workshop Attendance
Module 1 - Foundation in Financial Planning - 60 hours
Module 2 - Insurance Planning and Estate Planning - 60 hours
Module 3 - Investment Planning and Retirement Planning - 60 hours
Module 4 - Financial Plan Construction and Professional Responsibilities - 60 hours
Total - 240 hours
All participants are required to attend the workshops for all the modules and be provided with manuals for the modules.
All participants must be registered with education providers approved by FPAM. No self- study mode is allowed.
Examinations
Participants must complete the workshops before they are eligible to register for the examinations.
Membership
Candidates must register as Trade members for the program. Once they have passed the Module 1, they are required
to apply for Associate membership to be eligible for Modules 2 to 4.
Terms and Conditions
1. Education, membership and examination fee for first attempt will be paid out of the fund. Subsequent resits will
be paid by the candidate.
2. Candidates must be attached to the company on a full time basis and will be required to sign an agreement to
the terms and conditions of certification with FPAM and a 3 year bond with the CMSL company.
Candidates are also required to furnish a guarantor upon accepting the offer.
Candidates who contravene the agreement or leave midway of the bond will be required to pay back all the fees incurred.
If they fail to do so, they would be blacklisted from applying for any license with the Securities Commission, Bursa Malaysia
and Bank Negara Malaysia.
3. Each successful candidate must recruit 1 full paying candidate within 1 year of completing the program.
4. CMSL company must track progress of their candidates for 3 years from the time that they are licensed. CMSL companies
must track the candidates' income level (fees, commission, year-end bonus), end of Year 2 % growth and income and end of
Year 3 % growth and income.
5. Mentorship during 1st full year of education is counted as 1 year of experience.
The initiative would provide suitable candidates, incentives to complete the CFP certification program and ensure they are ready to be licensed as financial planners.
Prerequisite
All participants must possess a Bachelor Degree in any discipline.
Interested participants without a Bachelor Degree but with a minimum SPM qualification with 5 years of full time working experience in the financial services sector can register for the program if they pass the Prior Learning Recognition Assessment conducted by FPAM.
Participants who have passed the CUTE or PRS exams and have a Bachelor degree or a Diploma with 5 years of work experience are exempted from the exams for Module 1 but will still be required to attend a tax workshop.
Workshop Attendance
Module 1 - Foundation in Financial Planning - 60 hours
Module 2 - Insurance Planning and Estate Planning - 60 hours
Module 3 - Investment Planning and Retirement Planning - 60 hours
Module 4 - Financial Plan Construction and Professional Responsibilities - 60 hours
Total - 240 hours
All participants are required to attend the workshops for all the modules and be provided with manuals for the modules.
All participants must be registered with education providers approved by FPAM. No self- study mode is allowed.
Examinations
Participants must complete the workshops before they are eligible to register for the examinations.
Membership
Candidates must register as Trade members for the program. Once they have passed the Module 1, they are required
to apply for Associate membership to be eligible for Modules 2 to 4.
Terms and Conditions
1. Education, membership and examination fee for first attempt will be paid out of the fund. Subsequent resits will
be paid by the candidate.
2. Candidates must be attached to the company on a full time basis and will be required to sign an agreement to
the terms and conditions of certification with FPAM and a 3 year bond with the CMSL company.
Candidates are also required to furnish a guarantor upon accepting the offer.
Candidates who contravene the agreement or leave midway of the bond will be required to pay back all the fees incurred.
If they fail to do so, they would be blacklisted from applying for any license with the Securities Commission, Bursa Malaysia
and Bank Negara Malaysia.
3. Each successful candidate must recruit 1 full paying candidate within 1 year of completing the program.
4. CMSL company must track progress of their candidates for 3 years from the time that they are licensed. CMSL companies
must track the candidates' income level (fees, commission, year-end bonus), end of Year 2 % growth and income and end of
Year 3 % growth and income.
5. Mentorship during 1st full year of education is counted as 1 year of experience.
In order for us to proceed with your application, please fill in the forms attached and submit together with the documents required.
Documents required:
1) Highest education certificate (Diploma or Degree certificate)
2) FiMM/Cute Certificate
3) Proof of work experience (Letter from employers or confirmation letter of agent status)
4) Curriculum vitae (CV)
5) A short submission (approximately 300 words) on why you would like to participate in this program
Forms required (as attached in this email):
1) Enrolment form
2) Core model group of licensed financial planners registration form
3) Modular Exemption application form (leave blank for payment details section)
4) Proof of payment RM650, payable to Max Wealth Education Sdn Bhd (Public Bank: 3813-1594-27)
Kindly email the forms and documents back to us once you have completed, we will submit your application to Financial Planning Association Malaysia (FPAM). FPAM will prepare an agreement for you to sign once the application is successful.
If you have any inquiry, I am reachable at 017-5768576/ 0162138819. Thank you.
