118 Good news for SPM holders who intends to study CFP.

Good news for SPM holders who intends to study CFP.	SPM 生就读 CFP 的绝好消息！
SPM holders who intends to study CFP course finally has a chance to do so. FPAM opens a channel for SPM holders to do so. The pre-requisite for the students is he must be a SPM (or equivalent) and 5 years of full time relevant experience in the financial services industry.	SPM生终于有机会就读CFP课程了。FPAM开启了这个机会。学生的先决条件是拥有SPM（或同等）以及在金融领域有5年全职相关经验。
What he needs to do is to pass a "Prior Learning Recognition Assessment (PLRA)" exam—a 2-hour MCQ assessment. No workshops are required for the assessment exams. After passing the PLRA exam, the student may then proceed to take Module 1.	学生需过关"Prior Learning Recognition Assessment (PLRA)"考试，这是一个两小时多选择题的考试。考试前无需参加任何课程。PLRA过关后，学生就可以就读单元一的课程。
This is indeed a very good news. We know there are many agents who wish to advance their career into financial planning industry but was rejected because of academic requirements.	这的确是非常好的消息。我们晓得有许多代理员有兴趣晋升理财行业但是碍于学术条件而无法如愿以偿。
I have checked with our Education Provider on this PLRA exam. He confirms that he can arrange the exam as long as there are a minium of 5 students.	我们的教育提供者确实了他可以安排如此的考试，条件是最少有5位学生。
CFP used to recruits Degrees holders, while RFP recruits Diploma holder from 2017 onwards. This special program for SPM holders to enrol in CFP course is indeed very precious opportunity. Don't miss it.	CFP的收生条件是学士生，RFP从2017年开始收取文凭生。如此的SPM生特别收生条件确实是相当宝贵的。可千万别错过了。
If you are interested, please email to sateo7689@yahoo.com for enquiry.	若是你有兴趣了解更多，请致邮sateo7689@yahoo.com。

117 CFP course for 2017

CFP course for 2017	2017年CFP课程
The first batch of CFP course for 2017 will start in February 2017. The education provider is looking for students. Do not miss the opportunity because it will only conduct class twice a year.	2017年第一批的CFP课程就要在二月份开课咯。学院正在录取新生。请尽早报名因为课程是每半年一次。
Pls write to me at sateo7689@yahoo.com if you want to know more details. I am not a staff or representative from the service provider. I just want more people to study CFP course.	如果您需要更多资料，可以电邮sateo7689@yahoo.com。我本身不是学院的职员或代理，只是想有更多人就读CFP课程。。

112 Seek financial advice from licensed financial planner!

Seek financial advice from licensed financial planner!	向合格理财师寻求财务建议吧！
In Malaysia, financial planning industry is highly regulated by Securities Commission and Bank Negara Malaysia. A potential planner must complete academic qualification - CFP - before applying to both authorities to be licensed as financial planner.	在马来西亚，理财行业是由证券委员会和国家银行严格监控的。一个潜在理财师必须完成CFP才能向有关当局申请为理财师。
The word "financial planner" is also regulated, whereby only licensed personnel can carry that title. So, the next time you see somebody presenting himself as a planner, be sure to enquire further if he is qualified academically, and also licensed.	“理财师”的字眼其实也是严格被监控的，只有有牌理财师才能使用那个衔头。因此，下次有人自称为理财师，请务必询问他是否是合格并拥有执照。
On 29 July, 2016, we read in newspapers SC reminded public not seek financial advice from anybody posing as one. Financial planner will be able to provide solutions without biased.	我们在2016年7月29号的各大报纸读到证券委员会提醒大众别轻易向自称为理财师的人员寻求财务询问。理财师可以给予客观的解决方案。
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Financial planning firm, like Phillip Wealth Planners I am attached to, tied up with many investment, insurance, will & trust companies, to provide multiple choices for client's.	理财公司，比如我加入的Phillip Wealth Planners，是与多间投资、保险、遗嘱和信托公司拥有合作关系，来提供顾客多重选择。
Planners like us are not forced by any principal to promote their products. In fact, we do not have maintenance quota to meet. So, it's very relaxing for us to choose the best for our clients.	我们这些理财专员并没有被规定要售卖任何一家公司的产品。我们甚至于无需达到任何销售额。所以我们可以没有压力的为顾客选择最好的。
For example, when a client enquire for a medical card policy, we can provide few company's proposal for clients to choose. Eventually, client may like a certain company or a certain feature. We are just there to provide solution - to solve his need. It doesn't matter, to us, which company he chose anyway.	举例顾客要求医药卡保单。我们就可以提供几间公司的proposal让顾客选择。顾客可能喜欢某个品牌或是某个产品特点。重点是我们提供了解决顾客需要的方案。至于顾客最终选择哪一家公司，对我们都无影响。
To identify if your planner is licensed, you can do the following checks:- 1. CFP/RPF qualification 2. Licensing check	要确保你的理财专员是否拥有执照，可以依循以下方法。 1。CFP/RFP资格 2。执照搜寻
1. CFP/RFP qualification Apparently, the first step to be a financial planner is a academic qualification. The most common we can find are CFP or RFP. A qualified planner will be proud to print relevant logo on their name card. So the next time you are presented with one, see if you can find any of those.	1。CFP/RFP资格 要成为理财师，第一步就是要有合格的知识。最为人知的两个为CFP或RFP。合格的理财师一定会很骄傲的把这些logo印在名片上。下次您收到名片时，不妨仔细看看有否它们的踪迹。
2. Licensing check To do this, browse to http://ers.seccom.com.my/public/Default.aspx?menu=1 Simply key in the name, and it will show which company the planner is attached to.	2。执照检查 可以到以下网址查询。 http://ers.seccom.com.my/public/Default.aspx?menu=1 只需输入名字，理财师附属的公司就会出现。

110 CFP Class 2016 2H Intake

CFP Class 2016 2H Intake	2016年下半年CFP课程收生
CFP Class 2016 2H Intake is now started. The coming class is expected to start on end Aug. Class will be arranged on Sat / Sun. Normally it is 2~3 classes per month, and it will end before Dec. Just in time for students to prepare for exam.	2016年下半年CFP课程已经开始收生了。课程预计在八月尾开始上课。课程会安排在星期六、日。一个月会上课两三堂课，会在十二月之前完成。学生们正好有足够时间准备考试。
This coming classes will be for Module 1 to 3. Module 4 will be opened next Feb.	本次会开课第一至第三单元。单元四将在明年二月开课。
If you need further info, kindly email to me at sateo7689@yahoo.com.	欢迎各位来邮询问。sateo7689@yahoo.com

108 CFP Class Introduction

CFP Class Introduction	CFP理财课程简介
Welcome to our CFP class introduction this Sunday.	欢迎各位来了解。
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Pls email to sateo7689@yahoo.com if you are interested.	有兴趣者请电邮至sateo7689@yahoo.com。
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100 FPAM JB Chapter is coming!

FPAM JB Chapter	FPAM新山分会
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Last Friday (18/3/2016), CFP holders in JB had a FPAM Networking Night cum discussion of setting up of its JB Chapter. FPAM CEO Linnet Lee and Board Member Nicholas Chu were here to meet us.	上个星期五（2016/03/18），我们这些新山区的CFP会员参加了FPAM的交流见面会兼商讨设计新山分会的会议。FPAM的CEO Linnet Lee以及Board Member Nicholas Chu一同来与新山的CFP会员见面。
Both of them gave us updates of the development of the industry, the challenges and opportunities of being a financial planner. There is a huge potential in this industry.	他们两位讲述了整个理财行业的发展，理财师的挑战以及机会。很明显的，这是很有潜能的行业。
During the discussion, many issues were brought up by attendees and the main is related to lack of CPE courses in JB, and also the costs to attend one in KL.	在交流阶段，有几个课题被提起，而最被问及的课题当属新山区没有CPE课程以及去吉隆坡上课的高费用。
To the issues, Linnet explained FPAM stressed on quality of lecturer and course content, and thus the higher course fee. Anyway, to solve the issues, a JB Chapter is needed to organize courses locally at lower cost.	对于这个课题，Linnet解释因为FPAM坚持讲员以及课程的素质的关系，费用会稍微偏高。无论如何，为了解决问题，设计新山分会来安排课程以及降低费用是刻不容缓的。
We are glad twelve CFP holders volunteered to be the protemp committee members to kick start the set up of JB Chapter. They will be cooperating with Secretariat to officially form the Chapter.	我们很高兴看到12位CFP持有人愿意自愿成为新山分会的初批理事。他们将与秘书处紧密合作来正式设立分会。
To me, I have been looking forward to such day for a long time. Finally, we have opportunity to gather and meet other CFP holders. There are so many of us but we never get to meet.	对我而言，我一直期待着这么一天。我们终于有机会跟其他的CFP会员见面交流。新山区有很多会员但从没见过面。
Of course, I will be looking forward to the upcoming CPE courses. All the while, we had to travel to KL or Malacca to attend one, and it's quite costly and time consuming. Hopefully, we will have many great teachers to share and guide.	我也很期待往后的CPE课程。一直以来，我们必须舟车劳顿往吉隆坡或马六甲参加课程。很期待会有更多很棒的老师来授课与分享。
Then I hope this Chapter will greatly motivates public to take up CFP course and financial planner as a career. One of the Chapter's work is to educate public on financial planning. Once more and more people aware of it, the demand will be high.	我也期盼这个分会能够大大的激励民众来研读CFP课程、来成为理财师。分会的其中一项任务就是教育民众关于理财。相信随着越来越多了解理财的重要性，这一方面的需求必定会更高。
Lastly, I hope this will be a great platform where planners can meet and share experiences. The experiences from the seniors and experts will greatly benefit us and the industry as a whole.	最后，我希望这里将成为理财师见面交流的平台。前辈们和专家们的经验是对我们这些后辈而言，是非常非常宝贵的。
Though I am not in the committee, if you any questions on the Chapter, upcoming CPE course or CFP course, you are welcome to email me at sateo7689@yahoo.com.	虽然我不是理事会的成员，但如果您有关于分会、CPE课程或CFP课程方面的课题，欢迎您电邮至sateo7689@yahoo.com。

079 Career talk as a financial planner

We invite all who are interested to know more about financial planning industry to come and listen to our this career talk.

Currently, the professional qualification is CFP or RFP. CFP only allows Degrees holders and above to take the course. As for RFP, 2016 is the last year for intake for SPM holders; starting 2017, minimum requirement is Diploma holders.

Therefore, although this talk will present on CFP, I strongly encourage SPM and Diploma holders to come and know the industry before making any decision.

Reply to sateo7689@yahoo.com if you would like to join our talk.

067 Requirements to enrol into a CFP class (Update)

I wrote on the academic requirements to enroll into a CFP class before this. I mentioned the students must have either a Degree or a Diploma with 5 years experience in unit trust industry.

Now, FPAM has given degree holders a better offer! Degree holders can be exempted from CFP Module 1 exam if he / she attends a 16 hours Tax Planning class. This means cost and time savings.

About CFP modules

CFP modules has been compressed from 6 modules into 4 modules. Estate Planning and Retirement Planning has been absorbed into the new Module 2 and Module 3. Tax Planning were pull out to become a standalone workshop with no exam. The new modules' layout are:-

Module 1: Foundation in Financial Planning and Tax Planning

Module 2: Insurance Planning and Estate Planning

Module 3: Investment Planning and Retirement Planning

Module 4: Financial Plan Construction and Professional Responsibilities

CFP students must complete and pass Module 1 before progressing to other modules. After passing Module 1, students may opt to take Modules 2 and Module 3 separately or at one go. The choice is mostly depending on class availability and student's time. As most students have full time job and since classes are held on weekends, it is vital for students to allocate time to attend class and revision. Module 4 can only be taken after passing 3 previous modules.

Normally, we have class for each module every half a year. So, if a students follow this progress, it takes 2 years to complete the full CFP. If a student take Module 2 and Module 3 in one attempt, he may complete the course in 1.5 years.

What does it mean to be exempted from Module 1?

1) Save Course Fee

Each Module has their course fee. Skipping Module 1 means saving on fee for 1 module.

2) Save Time

Skipping 1 module means a student can complete the full course in 1.5 years.

3) Earlier practice

Completing the course earlier means it makes possible for the students to go into practice.

Where to take class?

This is tricky in JB. It seems like we don't have many providers. We used to have one. So, we requested FPAM Melaka Chapter to specially conduct the course. Now, the person in charge set up a proper company to be our provider. Now it is the sole provider in JB, it seems.

So, do look for us if you are interested to take up the course.

060 Academic requirements to enrol into CFP course

I am considered earlier batch of CFP students. To enrol into a CFP course, the academic requirement then was a minimum of SPM. Then in 2014, I heard FPAM is going to lift the requirement to a minimum Degree holder. So, it was imposed from 2015.

This new requirements makes it harder to recruit new students. However, just recently (Aug 2015), I heard FPAM has relaxed the academic requirement to a minimum Diploma holder with a 5-year experience.

This is good news indeed. And it should be welcome, especially, those has been in unit trust industry for more than 5 years and is thinking of upgrading his career path.

With CFP, a student can apply for CMSRL license to become a licensed financial planner under a financial planning firm to practice. The scope of services he can provide to his clients widened to more than single product from a single company. He will be looking at improving clients financial shape to a better one.

The CFP course used to be a 6 modules course, it has been compressed into 4 modules since 2015 as well. So, it is faster for a student to complete his study and start practicing.

It is not easy to get a CFP service provider in Johor Bahru. So, we look upon whoever interested to venture into CFP course or financial planner career to contact us.

057 Looking for new CFP Students

We are going to start a new CFP class, in Johor Bahru, soon. Now we still need a few more students to complete the number. It will be held at selected Saturday and Sunday. The actual dates has yet to be fixed.

There will be experienced lecturers to conduct the class. Most of them are planners or agents in their field that may be able to provide practical guidance and sharing.

Prerequisite for students must be a degree holders.

We hope to look for candidates that may be interested to venture into Financial Planning industry. Students need not necessarily become our planner, although we sincerely hope so though.

To be a financial planner, one must possess a CFP or RFP. CFP is recognized worldwide while RPF is recognized in Malaysia only.

To know more about CFP, please go to www.fpam.org.my, as for RFP, please visit www.mfpc.org.my.

Please email to sateo7689@yahoo.com if you want to enquire more.

039. Time for CMSRL renewal

How time flies. It is Mar 2015, a year has passed since I was approved as CMSRL licensee. I have to renew my license in this month. This is the first time I renew my CMSRL. For the renewal, I need to complete few things.

First is the continuing education requirement where I must collect 20 CPE points before anniversary. As as Jan 2015, I only collected 15 CPE, with 5 more to go. I checked SIDC training calendar and found none in Johor for the month of Jan. I thought it would be unwise to wait till last minute. So I decided to go to KL to attend one FPAM training. That training gave me 10 CPE, making a total 25 CPE to fulfill this requirement.

Last Friday, company asked me to complete the declaration form for the renewal. I need to declare have I been charged, or gone into bankruptcy etc, and also to declare the shares I traded for the past year. The company will also conduct bankruptcy search. A renewal fee must also be paid.

Being a CMSRL licensee, I keep reminding myself to move from agent-based mindset to client-based mindset. I now represent client to look for solutions. I appreciate client's trust.

It has been a wonderful year.

For the coming year, I look forward to  further upgrade myself in the financial planning field. We must conduct fact-finding for client, to know their problems, before knowing how to solve their problems. Next will be to polish plan writing skill. Hopefully one day I can participate in FPAM plan writing competition. Gambatte.

013. Qualification for financial planner in Malaysia

013. Qualification for financial planner in Malaysia

In Malaysia, the qualification to become a financial planner was to be a certificant of Certified Financial Planner (CFP) or Registered Financial Planner (RFP). Both has to go through study and exmination.

After passing the exam, then individuals has to be registered with Securities Commission, through a financial planning firm, to become licensed Capital Market Services Representative's Licensee (CMSRL).

Only with the CMSRL license, a person can start to practice financial planning activities.

Qualification wise, to completed CFP and RFP, one has to complete 6 modules and 7 modules respectively. Some can complete them in a short span of 1.5 years, most will complete them after 2~3 years or even longer.

In its effort t promote financial planning industries, Securities Commission has, on Nov 2014, revised its Licensing Handbook. The minimum academic qualification to become apply for CMSRL licensed has been revised to

• The Certified Financial Planner (CFP) / Islamic Financial Planner (IFP) qualification and a member of FPAM; or
• Foundations in Financial Planning (Module 1), Investment Planning (Module 4) & Retirement Planning (Module 5), attend a Familiarization Programme on Financial Planning Construction and Professional Responsibilit ies and become an Associate Member of FPAM, or
• The Registered Financial Planner (RFP) / Shariah Registered Financial Planner (Shariah RFP) qualification and an ordinary member of MFPC; or
• Complete a minimum of 3 modules specifically Fundamentals of Financial Planning (Module 1), Investment Planning (Module 3) & Retirement Planning (Module 6 ) , obtain a Certificate of Proficiency in Financial Planning and bec ome an Affiliate Member of MFPC.

Then, we see Financial Planning Association of Malaysia (FPAM) compressed its CFP course from 6 modules to 4 modules. It is now faster to complete the full course.

On the other hand, Malaysian Financial Planning Council (MFPC) also re-packaged their course to make students easier to identify the modules they need to take.



With such changes, I believe, government's effort to push for licensed financial planner will surely bear fruit. More students will get their academic qualification faster, and be in the industry faster.

Government's vision for Malaysia to be a developed nation will create many high net worth individuals (HNWI). HNWI may need professional advice for their financial related planning, and may not mind to pay for advice they received.

I strongly urged my fellow friends and all agents to take up the certification faster. I hope we all can grow together with the nation.