Training and Certification Benefits
FPAM administers the CFP Program and employees of Charter Members enjoy substantial discounts on CFP examination fees. Employees of Charter Members are only charged RM200 instead of RM300 per module. To date, many leading financial institutions are members of FPAM and commit significant number of personnel to the CFP Program.FPAM has also introduced the world’s first Islamic Financial Planning Certification Program.
Compliance and Recognition
The CFP qualification is recognized by Bank Negara as a prerequisite for application of the Financial Advisor’s license. In Malaysia, financial planning licenses are issued by the Securities Commission. The CFP certification is the first qualification to be recognized for the issuance of this license. The recognition conferred by the Securities Commission allows many of the retail financial services activities undertaken by financial institutions to be in compliance with the regulations.
Nationwide Network, Global Accreditation
FPAM’s 42 Charter and Corporate members represent a wide cross-section of the financial services industry and include many of the leading banks, unit trust companies, insurance companies, investment banks, trust houses and boutique financial planners in Malaysia. Due to its wide representation, FPAM is regularly consulted by the Regulators on developments in the industry.FPAM has an 18-member Board that is elected biennially. It has a number of functional sub-committees and Chapters in the major towns.FPAM is also part of an international body that promotes the CFP mark worldwide with affiliates in more than 24 countries and individual membership numbering more than 120,000.
As a Charter Member, you will be able to draw on the resources of CFP’s global fraternity of financial planners. You will also be a part of a group of distinguished financial institutions that are actively involved in the development of the industry.