CFP COURSE FEE
CFP Class begins in February for June examination and August for December Examination. All fees are inclusive of 8% SST.
| CFP MODULE | DURATION | STANDARD FEE | EARLY BIRD (i) | SUPER EARLY BIRD (ii) |
|---|---|---|---|---|
| One Time Registration Fee | - | RM100 (For new student) | RM100 (For new student) | RM100 (For new student) |
| Module 1 | 7 days or min 60 hours | RM 2,347 | RM 2,176 | RM 2,038 |
| Module 2 | 7 days or min 60 hours | RM 2,347 | RM 2,176 | RM 2,038 |
| Module 3 | 7 days or min 60 hours | RM 2,347 | RM 2,176 | RM 2,038 |
| Module 4 | 7 days or min 60 hours | RM 2,519 | RM 2,347 | RM 2,176 |
| CFP Challenge Status - Include access to M4, tax planning & textbook for M4 | 14 days or min 120 hours | RM 2,748 | RM 2,748 | RM 2,748 |
| M1, M2, M3 revision class & Elite Club membership (For CFP Challenge Status only) | - | RM 1,145 | RM 1,145 | RM 1,145 |
| IFP Challenge Status | - | RM 2,405 | RM 2,405 | RM 2,405 |
| Tax Planning Workshop (For Modular Exemption) | 1 + 1 day | RM 540 | RM 540 | RM 540 |
Note: Payable to ‘MAX WEALTH EDUCATION SDN BHD’ Public Bank A/C 3813159427 by online banking.
| FPAM EXAMINATION FEE (iii) | FPAM MEMBERSHIP FEE (iii) |
|---|---|
| Candidates who are employees or agents of a charter member or corporate member enjoy a discount on examination fees. Module 1 / Module 2 / Module 3 RM 250 (Charter member), RM 300 (Corporate member) or RM 350 (Public) per sitting Module 4 RM 500 (Charter member), RM 600 (Corporate member) or RM 700 (Public) per sitting You can refer to https://www.fpam.org.my for the list of Charter Members and Corporate Members. | RM 50 per annum (Trade member, Module 1) RM 150 per annum (Associate member, Modules 2-4) RM 410 per annum (Certified member, after passing Module 4) Modular Exemption Application Fee: RM 175 Challenge Status Application Fee: RM 450 |
Note: Payable to ‘FINANCIAL PLANNING ASSOCIATION OF MALAYSIA’ Maybank A/C 514075128677 by cash or cheque or credit card (filling up the details in FPAM Application Form). We will not accept cash on FPAM’s behalf. FPAM Examination Fee can be settled at a latter stage.
(i) Early Bird
Full payment before 15th January or 30th June for the following semester.
(ii) Super Early Bird
Full payment before 15th December or 31st May for the following semester.
(iii) FPAM Membership
Charter Members are corporations that play an active role to support the development of the financial planning industry . Charter Members are financial institutions in the asset management, banking, insurance, unit trusts, investment banking,wills and trusts.
Corporate Members are corporations that are interested in financial planning and subscribe as a member of FPAM.
Trade Member must be involved in financial product distribution, advisory and or education. All candidates who enrolled CFP Module 1 must apply to become FPAM Trade member.
Associate member must have passed CFP Module 1 course or successful applied for modular exemption.
CFP COURSE OUTLINE
Candidates are provided with an outline of each of the major concerns of a financial planner to instil a clear appreciation of financial planning and to prepare for the extensive study to be covered in the other modules.
Topic 1: Introduction to Financial Planning
Topic 2: Regulatory Controls and Practices Affecting Financial Planning
Topic 3: Nature and Scope of Financial Planning
Topic 4: The Economic Environment and Its Effects on Financial Planning
Topic 5: Analytical Tools for Financial Planning Professionals
Topic 6: Risk Management and Insurance Planning
Topic 7: Investment Planning
Topic 8: Taxation Planning
Topic 9: Retirement Planning and Estate Planning
Topic 10: The Basis of a Financial Plan
Topic 11: Code of Ethics
Part 1: INSURANCE PLANNING
Candidates will understand the fundamental concepts of risk management and insurance, and gain the knowledge about various personal insurance products, both life and general, which are related to financial 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 and Takaful
Topic 7: General Insurance Policy Contracts
Topic 8: Health Insurance
Topic 9: Annuity Policy Contracts
Topic 1O: Legislation and Rules in the Insurance Industry
Topic 11: Consumer Protection and Insurance Industry Codes of Practice
Part 2: ESTATE PLANNING
The area of estate planning includes preparing provision for administration of the affairs of a client by someone other than the client.
Topic 12: Estate Planning Fundamentals
Topic 13: Wills and Will Planning
Topic 14: Trusts
Topic 15: Power of Attorney
Topic 16: Duties and Powers of the Personal Representative
Topic 17: Rights of Beneficiaries
Topic 18: Special Estate Planning Issues for Business Owners
Part 1: INVESTMENT PLANNING
Candidates will understand the concepts of risk and return, the financial markets and instruments , and the basic concepts and tools of asset valuation and portfolio management. The aim is to be able to evaluate alternative investments, the advantages and disadvantages , and to make suitable investment recommendations to clients.
Topic 1: Investment Concepts
Topic 2: Concepts of Portfolio Theory and Performance Measures
Topic 3: Equity Investments
Topic 4: Debt Securities Investment
Topic 5: Derivatives and Structured Products Investments
Topic 6: Collective Investment Scheme and Unit Trusts
Topic 7: Real Estates Investments
Part 2: RETIREMENT PLANNING
This part covers how to analyse a clients’ retirement needs and the ways in which these needs can be met.
Topic 8: The Underlying Principles of Retirement Planning
Topic 9: Investment for Retirement
Topic 10: Retirement Schemes
Topic 11: Employee Provident Fund (EPF) and Private Retirement Scheme (PRS)
Topic 12: Retirement Income Streams
Topic 13: Role of Financial Planner in Pre-Retirement Counselling
This module is for candidates who have completed Module 1 to 3, or who are preparing for the CFP Challenge Status. The financial plan construction process will be meticulously considered .
Topic 1: Financial Planning and the Regulatory Framework
Topic 2: Establishing and Defining the Relationship with the Client
Topic 3: Gathering Client Data
Topic 4: Analysing and Evaluating the Client’s Financial Status
Topic 5: Developing Financial Planning Recommendation
Topic 6: Presenting Financial Planning Recommendation
Topic 7: Implementing Financial Planning Recommendation
Topic 8: Monitoring Financial Planning Recommendation
Candidates will further their existing knowledge and skills in the area of taxation planning. The unit deals with consideration of income tax and other forms of taxation. Case studies of different tax scenarios are also analysed in the module.
Topic 1: Introduction to Malaysian Taxation
Topic 2: Computation of Statutory Income from Employment
Topic 3: Computation of Statutory Income from Business
Topic 4: Computation of Statutory Income from Investments
Topic 5: Real Property Gains Tax
If you require any further information on CFP Course, please do not hesitate to contact us.
