CERTIFIED FINANCIAL PLANNER (CFP)

PROGRAMME DETAILS

CFP COURSE OUTLINE

Module 1: Foundation in Financial Planning and Tax Planning

Topic 1: AN OVERVIEW
- Topic 1.1: The Financial Planning Industry in Malaysia
- Topic 1.2: Regulatory Controls and Practices Affecting Financial Planning
- Topic 1.3: The Nature and Scope of Financial Planning
- Topic 1.4: Analytical Tools for Financial Planning Professionals
- Topic 1.5: Effective Communication in Client Counseling
- Topic 1.6: Behavioral Finance
Topic 2: THE ECONOMIC ENVIRONMENT AND ITS EFFECTS ON FINANCIAL PLANNING
- Topic 2.1: The economic system
- Topic 2.2: The economic environment
- Topic 2.3: Government policy
Topic 3: RISK MANAGEMENT AND INSURANCE PLANNING
- Topic 3.1 The concept of risk
- Topic 3.2: The management of risk
- Topic 3.3: The insurance industry
- Topic 3.4: Types of insurance cover
Topic 4: INVESTMENT PLANNING
- Topic 4.1: Concepts of investment
- Topic 4.2: Primary investment
- Topic 4.3: Managed investments
Topic 5: INCOME TAX PLANNING
- Topic 5.1: Income tax concept
- Topic 5.2: Income tax planning
Topic 6: RETIREMENT PLANNING/ESTATE PLANNING
- Topic 6.1: The retirement planning process
- Topic 6.2: The estate planning process
Topic 7: THE BASIS OF A FINANCIAL PLAN
Topic 8: CODE OF ETHICS
- Topic 8.1: The Code of Conduct and Professional Responsibility
- Topic 8.2: Ethical and Professional Considerations of CFP Professional

Module 2: Insurance Planning & Estate Planning

Topic 1: Fundamental Concepts In Risk Management
Topic 2: Insurance Fundamentals
Topic 3: Legal Principles In Insurance
Topic 4: The Role Of Insurance In Financial Planning
Topic 5: Factors Affecting Life Insurance Needs
Topic 6: Understanding Life Insurance Policy Contracts
Topic 7: General Insurance Policy Contracts
Topic 8: Health Insurance
Topic 9: Annuity Policy Contracts
Topic 10: Legislation And Rules In The Insurance Industry
Topic 11: Consumer Protection And Insurance Industry Codes Of Practice
Topic 12: Estate Planning Fundamentals
Topic 13: Wills And Will Planning
Topic 14: Trusts
Topic 15: Powers Of Attorney
Topic 16: Duties And Power Of The Personal Representative
Topic 17: Special Estate Planning Issues For Business Owners

Module 3: Investment Planning and Retirement Planning

Topic 1: INVESTMENT CONCEPTS
Topic 2: CONCEPTS OF PORTFOLIO THEORY AND PERFORMANCE MEASURES
Topic 3: EQUITY MARKET
Topic 4: INVESTMENT IN DEBT SECURITIES
Topic 5: DERIVATIVES AND STRUCTURED PRODUCTS
Topic 6: COLLECTIVE INVESTMENT SCHEME AND UNIT TRUSTS
Topic 7: REAL ESTATES INVESTMENT
Topic 8: INVESTMENT FOR RETIREMENT
Topic 9: THE UNDERLYING PRINCIPLES OF RETIREMENT PLANNING
Topic 10: RETIREMENT SCHEMES
Topic 11: THE EMPLOYEE PROVIDENT FUND (EPF) AND PRIVATE RETIREMENT SCHEME (PRS)
Topic 12: RETIREMENT INCOME STREAMS
Topic 13: ROLE OF FINANCIAL PLANNER IN PRE-RETIREMENT COUNSELING

Module 4: Financial Plan Construction and Professional Responsibilities

Topic 1 : FINANCIAL PLANNING AND THE REGULATORY ENVIRONMENT
- Topic 1.1: An overview of the regulatory framework for financial planning
- Topic 1.2: Enhance professionalism in financial planning
- Topic 1.3: Understanding the FPAM Code of Ethics and Practice Standards
- Topic 1.4: The fiduciary nature of the relationship between the financial planning professional and the client
Topic 2: FINANCIAL PLANNING PROCESS
- Topic 2.1: Establishing client-financial planning professional relationships
- Topic 2.2: Gathering client data and determining goals and expectations
- Topic 2.3: Determining the client’s financial status by analyzing and evaluating the client's information
- Topic 2.4: Analyze Client Objectives, Needs and Financial Situation
- Topic 2.5: Developing and presenting the financial plan
  - Topic 2.5.1: Financial position
  - Topic 2.5.2: Cash flow
  - Topic 2.5.3: Capital needs at retirement
  - Topic 2.5.4: Capital needs: projections at death, disability, general and special needs
  - Topic 2.5.5: Income tax
  - Topic 2.5.6: Asset allocation
  - Topic 2.5.7: Investment
  - Topic 2.5.8: Risk
- Topic 2.6: Implementing the financial plan
- Topic 2.7: Monitoring the financial plan

Tax Workshop
(Compulsory for Modular Exemption & Recommend for Challenge Status Candidate)

Topic 1: Introduction to Malaysian Taxation
Topic 2: Goods & Services Tax (GST) and Sales & Services Tax (SST)
Topic 3: Income Tax Computation
Topic 4: Real Property Gain Tax (RPGT)
Topic 5: Income Tax Planning
Topic 6: Tax Compliance

Enquiry for CFP

ENTRY REQUIREMENT

Depend on your academic level or qualification level, if you are

What is the entry requirement?

If you are at least a Bachelor’s degree holder, you are able to sit for the entire CFP certification programme comprising of four modules.

Module 1 – Foundation in Financial Planning and Tax Planning
Module 2 – Insurance Planning & Estate Planning
Module 3 – Investment Planning and Retirement Planning
Module 4 – Financial Plan Construction and Professional Responsibilities

If you have SPM qualification and at least 5 years of relevant work experience*, you can sit for Prior Learning Recognition Assessment (PLRA) – a multiple-choice test (max 2 trials and there must be a break of 6 months between the attempts). Once passed, you are eligible to sit for CFP programme.

*relevant working experience (in insurance, mutual funds, securities, asset management, accounting, estate planning, banking, taxation, trusts, retirement planning or financial planning)

If you are higher education qualifications or professional credentials* holder with 3 years relevant work experience in personal finance** , you may either seek Modular Exemption (exempt Module 1 or/and Module 2) or even taking up the Challenge Status (straight to Module 4).

* higher education qualifications or professional credentials that are recognized are: Professional Accountants (CA(M), CPA (M), CPA (Aust), AICPA, ACA, ACCA, ICMA and AIA), Chartered Secretaries (ICSA & Fellow of MACS), Chartered Financial Consultants (ChFC), Chartered Financial Analyst (CFA), PhD (Business, Accounting or Economics),Masters (Business Admin / Finance / Economics / Accounting) from accredited universities, Islamic Financial Planner (IFP), “CUTE” or “PRS” examination, Registered Financial Planners (MFPC), Shariah Registered Financial Planners (MFPC)

** personal finance related experience can be in any of the following areas: insurance, mutual funds, securities, asset management, accounting, estate planning, banking, taxation, trusts, retirement planning and financial planning and must be within the 5 years prior to application

Enquiry for CFP

CERTIFICATION PATHWAY OPTIONS

How to be certified?

All candidates must be registered with us and attend the pre-requisite number of lecture hours. There are 3 options to complete the certification course as seen in this diagram below:

*

* Relevant work experience (in insurance, mutual funds, securities, asset management, accounting, estate planning, banking, taxation, trusts, retirement planning, financial planning, or other finance related) performed before or after the successful completion of the Certification Examination

Interested parties with at least a Bachelor’s degree are required to sit for the entire certification course, which comprises of the following Modules.

Module 1 – Foundation in Financial Planning and Tax Planning
Module 2 – Insurance Planning & Estate Planning
Module 3 – Investment Planning and Retirement Planning
Module 4 – Financial Plan Construction and Professional Responsibilities

The shortest time frame to complete the program is 9 months

* For Non degree holder, if you have SPM qualification and at least 5 years of relevant working experience (in insurance, mutual funds, securities, asset management, accounting, estate planning, banking, taxation, trusts, retirement planning or financial planning) , you can sit for Prior Learning Recognition Assessment (PLRA) – a multiple-choice test. Once passed, you are eligible to apply for CFP programme. Candidates are only allowed to register for the PLRA assessment 2 times and there must be a break of 6 months between the attempts.

Exam Based

with at least a Bachelor’s degree or
for non degree holder with PLRA*

Certain professional qualifications cover partial components in financial planning. Holders of the following qualifications are granted exemption as listed below (terms & conditions apply)

Table 1

No	QUALIFICATION	MODULE 1 EXEMPTION	MODULE 2 EXEMPTION
1	Active FIMM member who have passed “CUTE” or “PRS” examination	✔
2	Registered Financial Planners (MFPC)	✔	✔
3	Shariah Registered Financial Planners (MFPC)	✔	✔

Note: Tax Workshop is compulsory for all Modular Exemption candidates.

Modular Exemption

with certain professional qualifications

Only Malaysians who possess the following qualifications or professional credentials with 3 years relevant work experience in personal finance* are eligible to apply. Exemption is for Modules 1 to 3 of the certification. Applicants are allowed only 3 consecutive attempts under this option. (terms & conditions apply)

Table 2

NO	QUALIFICATION	MODULE 1 EXEMPTION	MODULE 2 EXEMPTION	MODULE 3 EXEMPTION
1	Professional Accountants (CA(M), CPA (M), CPA (Aust), AICPA, ACA, ACCA, ICMA and AIA)	✔	✔	✔
2	Chartered Secretaries (ICSA & Fellow of MACS)	✔	✔	✔
3	Chartered Financial Consultants (ChFC)	✔	✔	✔
4	Chartered Financial Analyst (CFA)	✔	✔	✔
5	PhD (Business, Accounting or Economics)	✔	✔	✔
6	Masters (Business Admin / Finance / Economics / Accounting) from accredited universities	✔	✔	✔
7	Islamic Financial Planner (IFP)	✔	✔	✔

* personal finance related experience can be in any of the following areas: insurance, mutual funds, securities, asset management, accounting, estate planning, banking, taxation, trusts, retirement planning and financial planning and must be within the 5 years prior to application

Challenge Status

with certain professional qualifications

Enquiry for CFP

Examination Format for CFP Certification

What is the exam format?

Module	Examination
Module 1	75 Objective Questions to be completed in 3 hours
Module 2	75 Objective Questions to be completed in 3 hours
Module 3	75 Objective Questions to be completed in 3 hours
Module 4 Paper 1	60 Objective Questions to be completed in 3 hours
Module 4 Paper 2	Prepare a Financial Plan based on case study to be completed in 3 hours

Enquiry for CFP

CERTIFIED FINANCIAL PLANNER (CFP)

CFP COURSE OUTLINE

Tax Workshop
(Compulsory for Modular Exemption & Recommend for Challenge Status Candidate)

ENTRY REQUIREMENT

CERTIFICATION PATHWAY OPTIONS

*

Exam Based

with at least a Bachelor’s degree or
for non degree holder with PLRA*

Modular Exemption

with certain professional qualifications

Challenge Status

with certain professional qualifications

Examination Format for CFP Certification

For more enquires about CFP Certification Programme, please feel free to contact us

Wealthgo Plus Sdn Bhd

CERTIFIED FINANCIAL PLANNER (CFP)

CFP COURSE OUTLINE

Tax Workshop (Compulsory for Modular Exemption & Recommend for Challenge Status Candidate)

ENTRY REQUIREMENT

CERTIFICATION PATHWAY OPTIONS

*

Exam Based

with at least a Bachelor’s degree or for non degree holder with PLRA*

Examination Format for CFP Certification

For more enquires about CFP Certification Programme, please feel free to contact us

Wealthgo Plus Sdn Bhd

Tax Workshop
(Compulsory for Modular Exemption & Recommend for Challenge Status Candidate)

with at least a Bachelor’s degree or
for non degree holder with PLRA*