Professionalising Your Career with the Global CFP® Mark
The CERTIFIED FINANCIAL PLANNER (“CFP®”) mark is the most desired and respected global certification for those seeking to demonstrate their commitment to competent and ethical financial advisory practice.
CFP® advisors meet initial and ongoing education, experience and professional development requirements, pass a rigorous exam that assesses competency, and adhere to a code of ethics, pledging to provide financial planning in the interests of clients and with the highest ethical and professional standards.
Financial Planning Association of Singapore (“FPAS”) is part of a global assembly of financial planning bodies, and a licensee of the Financial Planning Standards Board Ltd., a US-based non-profit organisation launched in October 2004 to set standards for and oversee the international CFP® certification program.
Module 1 equips advisors with relevant knowledge, skillsets, and ethical values so that they are competent to recommend general financial planning strategies and to advise on the appropriate selection and use of various financial products for individuals, e.g. insurance, unit trusts, and a broad range of securities and banking products.
Upon successful completion of this module, participants can use the Associate of Financial Planner mark (AFPCM) from FPAS.
|EM1||7, 21 Dec 2020||6:30PM – 10:00PM|
|1||Foundations in Financial Planning||14 Jan 2021, Thursday|
Income and assets of individuals are the cornerstones of financial planning. However they are exposed to risks. An uncertainty regarding loss is often termed as a risk. In a general sense the term ‘risk’ may be used to include all situations, in which there is an exposure to misfortune or adverse circumstances. This module teaches the advisors to help clients identify the risks that may financially cripple them, and the strategies that can be implemented to nullify these risks.
|2||Risk Management and Insurance Planning||21 Jan 2021, Thursday|
Module 3 equips advisors with relevant knowledge, skillsets of Singapore tax regime, with emphasis is on tax minimization techniques for individuals as well as business structures. In the estate planning portion focus on wealth preservation, distribution as well as succession planning techniques to minimize deterioration of assets.
|3||Tax Planning & Estate Planning||28 Jan 2021, Thursday|
Module 4 equips advisors with relevant knowledge, skillsets of investment, involving a comprehensive review of investment planning concepts and investment instruments. It draws together the techniques for evaluating different asset classes to meet different investment goals, and suitability of recommended portfolios for clients considering investment goals, time horizons and risk tolerance. Quantitative investment concepts, investment theories and strategies, and asset pricing models are also examined.
|DM4||18 Dec 2020, 8 Jan 2021||9:00AM – 12:30PM|
|4||Investment Planning||28 Jan 2021, Thursday|
Module 5 teaches the advisors to help clients identify the risks of not planning well and in advance to secure an active retirement lifestyle envisioned. It looks at portfolio strategies that can be complemented with existing CPF and SRS frameworks.
|5||Retirement Planning||18 Feb 2021, Thursday|
This is the final module of the CFP course. It brings together the multi-disciplined concepts learnt from Module 1 to 5 for an advisor to take a holistic approach towards crafting comprehensive financial solutions for the clients’ financial goals. Case studies will be used to prepare advisors on the thoroughness and in-depth review of personal data when crafting the financial solutions while upholding professionalism to the highest standard.
|6||Financial Plan Construction and Professional Responsibilities||25 Feb 2021, Thursday|
*All courses and assessment fees are invoiced on nett basis upon sign-up of courses.
The remaining balance of courses fees are only invoiced when students pass the assessments conducted by FPAS.
IBF funds 95% of course fees + first time assessment fees when all the following conditions are fulfilled:
IBF will clawback the funding of assessment fees if the criteria is not met.
Instructor led virtual classroom tutorial – 7 hours