CERTIFIED FINANCIAL PLANNER (CFP)
Certification Programme
CFP certification is the highest standard in financial planning.
Over 40 years of history, it is generally regarded by employers and the public as the highest professional distinction in the financial planning profession. It is also the only globally recognized symbol of excellence for financial planning, recognized by total of 26 countries worldwide.
With CFP certification, you will acquire the credential, comprehensive knowledge in personal financial planning, on-going competency training, best standards of practice and code of ethics, that will confidently set you apart from the rest of financial professionals and intermediaries in the wealth management market.
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"70% of CFP professionals say CFP certification has had a positive impact on their knowledge, their confidence with clients, and client trust"
- ORC International, 2013
WHY FINANCIAL PLANNING?
Demand for financial planning is growing fast
"73% of people rank their finances as the most significant source of stress in their life."
-2021 Capital One CreditWise survey
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It is undeniable that the rise of uncertain economy times, frequent legislation change, proliferation of new financial products, lack of formal financial education and lack of time make it very difficult for a lot of people to manage their finances effectively for achieving financial security and financial independence.
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People are also getting tired with products pushing practice and inappropriate advices by many transaction-oriented financial intermediaries that's seemingly not helping their finances progressing anywhere.
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More and more people are starting recognizing the benefits of financial planning that can help to put them in control of their own financial future. With a solid financial plan in place, it’s easier for them to make right financial decisions, set appropriate long- and short-term goals, and make sure they are on track to achieve those goals with their limited resources. A financial plan also helps them respond to life and market changes better while avoiding major setbacks to their finance.
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"54% percent of people with financial plan felt "very confident" they would reach their financial goals, compared with only 18% of people who are without a financial plan."
- Charles Schwab
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In the recent research by Financial Planning Standards Board, it shows that financial planners will see a significant rise in demand for their services over the next few years.
Benefits of
CFP CERTIFICATION
Global Recognition
Recognized by regulators, institutions and consumers in 26 countries across the world
More Employable & Career Enhancement
Preferential recruitment by more than 30 largest financial institutions and 20 largest financial planning firms in Malaysia
Quit Transactional Based Client Relationship
No more product pushing needed and focus on value added client- focused relationship with the competency provided by CFP certification
Improve Client Satisfaction, Confidence & Trust
90% of clients are reported would feel more confident working with a financial planner who has a financial planning designation and 70% of clients prefer an advisor who has the ability to look at their whole financial situation. CFP professionals can expect to have long term sustainable business relationship with their clints.
Increase Revenue Stream & Profitability
About 70% of financial professionals say that becoming CFP professional had positive impact on their income due to "competitive edge" over financial planners who do not hold the credential
Lower Compliance Risk & Complaints
About 70% of firms indicate CFP professional lower compliance and legal risks compared to those who are not certified
Financial Exam Exemptions
Holder of CFP certification can be exempted from Computerized Unit Trust Examination (CUTE), Computerized Private Retirement Scheme Examination (CPRE), Certificate Examination in Investment-Linked Life Insurance (CEILI), Pre-Contract Examination for Insurance Agents (PCEIA)
Perquisite for License Application
Recognized by Securities Commission and Bank Negara Malaysia as one of the prerequisites for the application of the Capital Markets Services license and Financial Adviser's license respectively
Eligible for CPD Training Hours
Eligible for CPD points under FIMM’s Continuing Professional Development programme.
Programme Fee Eligible for EPF Withdrawal
The fees for the programme are eligible for withdrawal for education purposes under the Employees Provident Fund (EPF).
Claimable Under Human Resources Development Fund (HRDF)
The fees for the programme is eligible for training grant under the Human Resource Development Fund (HRDF)
International Community
Be part of an international community of financial professionals who are committed to committed to uphold the rigorous global standard in financial planning and putting their client interest first. Be invited to networking events and industry related gatherings.
How Can You Help Your Clients With
CFP CERTIFICATION
Getting Out of Debt Crisis
Avoid or Protect Against Bankruptcy
Achieve Financial Independence
Budget Management
Protecting against & Dealing with Major Financial Set Backs
Defense Against Financial Pretenders & Predators
Building & Maintaining Multi Generational Family Wealth
Achieve & Maintain Wealth Secrecy
Efficient and Secured Estate Distribution
Building and Managing Investment Portfolio
Analyzing Investment Assets
Discover Market Opportunities & Detect Market Threats Early
Achieve Comfortable Retirement Lifestyle
Better Children Education
Minimize Tax Liabilities
And Many More...
Career Options for
Certified Financial Planner
Who Hires Certified Financial Planners?
Financial Planning/ Wealth Management Firms
Banks
Insurance Companies
Asset Management Companies
Brokerage Firms
Estate Planning Firms
Financial Services Firms
What Career Options?
Financial Planning
Debt Management
Risk and Insurance Management
Investment Portfolio Management
Investment Advisory
Investment Research & Analysis
Investment Trading
Banking Operations & Management
Estate Planning
Financial Product Development
Entreprenuerial Opportunities
And More...