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。

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。

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.