CFP MODULES

Modules 1-4 take you through the essential components of a financial plan and what you need to know about developing a plan that works.

The textbook provides pertinent information you must know about each financial planning component.

Our trainer will help you understand and apply financial planning concepts to real-life scenarios tailored to your client's needs and circumstances.

Module 5 takes you through the six- step financial planning process to consolidate everything into a cohesive action plan.

It is about mastering the process of developing customized solutions and incorporating them into an integrated financial plan.

The textbook describes the financial plan development process in detail.

Our trainer will give you case studies to practice and become acquainted with the plan development process.

Modules 1-4

Modules 5

CFP Certification Training Objective

To equip CFP professionals with the knowledge and skills necessary to provide comprehensive financial advice, personalized according to their client's needs, objectives, and priorities.

• Fundamental concepts in risk management

• Insurance fundamentals

• Legal principles in insurance

• Role of insurance in financial planning

• Factors affecting life insurance needs

• Understanding life insurance policy contracts

• General insurance policy contracts

• Health insurance

• Annuity policy contracts

• Legislation & rules in insurance industry

• Consumer protection & codes of practice

• Estate planning fundamentals

• Wills & will planning

• Trust

• Power of attorney

• Duties & powers of personal representative

• Rights of beneficiaries

• Estate planning issues for business owners

Module 1
Foundation in Financial Planning with Psychology of Financial Planning

Module 2
Insurance Planning & Estate Planning

Module 3
Investment Planning & Portfolio Management

• Investment Concepts

• Economic Analysis in Investment

• Concepts of Portfolio Theory and Performance Measures

• Managing Equity Investments

• Debt Securities Investments

• Collective Investment Schemes and Unit Trusts Investments

• Derivatives and Structured Products

• Alternative Investments

• Managing International Investments

Module 5
Financial Plan Construction & Professional Responsibilities

• Establishing client-financial planning professional relationships

• Gathering client data and determining goals and expectations

• Determining the client’s financial status by analysing and evaluating the client's information

• Analyse Client Objectives, Needs and Financial Situation

• Developing and presenting the financial plan

• Implementing the financial plan

• Monitoring the financial plan

Module 4
Retirement Planning & Tax Planning

• The Underlying Principles of Retirement Planning

• Retirement Need Analysis

• Investing for Retirement and Business Succession Planning

• Role of Financial Planning Professionals in Pre-Retirement Counselling

• Managing Personal Income Tax

• Income Tax Minimization Techniques

• Real Property Gains Tax and Capital Gains Tax

• Taxation of trusts and estates in Malaysia

• Introduction to Financial Planning

• The financial planning process

• Analytical Tools for Financial Planning Professionals

• Personal finance and liability management

• Risk Management and Insurance Planning

• Investment Planning

• Retirement and Children Education Planning

• Estate Planning

• Taxation Planning

• Regulatory Environment and Regulations relating to Financial Planning

• Code of Ethics and Professional Responsibilities

How Do You Get the Most Out of CFP Certification?

1. Learn all the modules - Skipping one or two modules may develop gaps in your knowledge that will prevent you from merging financial planning components effectively.
   

2. Learn from others- CFP training provides an opportunity to learn from those with different backgrounds and experiences. Be proactive and contribute to class discussions. Always seek others' opinions to broaden your perspective and enrich your understanding.
   

3. Unlearn and relearn - CFP training differs from insurance and unit trust training. If you enroll just for the credential, believing you already know everything, you will not learn anything.
   

4. Master Time Value of Money - A weak grasp of TVM will limit your ability to analyze and customize solutions. Though most unit trust and insurance advisors learned about TVM, what they have learned is insufficient for developing a comprehensive financial plan.