CFP – Frequently Asked Questions

Adult learners are busy and want a flexible learning mode that everyone involved can participate at a time, and for a duration, that suits his or her schedules. Hence, we are introducing Blended Learning Mode and Online Learning Mode for our 7 professional certification programmes including CFP.


1. What is Blended Learning?

In simple words, it is Face-to-Face workshop plus online learning support. If you are staying in Klang Valley, this is the recommended learning mode for you.


2. What is Online Learning?

This is 100% online learning via e-learning platform 24 hours x 7 days. There is no traveling from home or work, and you can study at home or wherever you are and whenever you want it. Course materials are available online, even lecture videos, interactive online quizzes, and online discussion with facilitators and fellow classmates are also accessible online.

The Online Learning mode is most suitable for those who cannot attend the face-to-face workshop, especially those who stay in other parts of Malaysia outside Klang Valley.


3. What are the advantages and disadvantages of Online Learning?

Main advantages of Online Learning:

  1. Flexibility: learning at your own pace. Cut down or eliminate travel time. However, you still need to keep up with the course schedule in order to be well prepared for the examination at the end of the semester.
  2. Accessibility: learning anywhere, anytime. Cut down or eliminate travel time. Busy working professionals can work around work, family and other activities.
  3. Helps build self-knowledge and self-confidence and encourages student responsibility.

Main disadvantages of Online Learning:

  1. Learners with low motivation and bad study habits can easily fall behind.
  2. You may feel isolated from classmates and instructors, usually have to work alone.
  3. Potential for less networking opportunities.


4. What are the major differences in these two learning modes, especially on course fee, course schedule, examination and other course requirements?

Course Fee: for CFP course, the course fees of Blended Learning mode and Online Learning mode are the same.

As there are live streaming and recorded lecture video,  the main difference is the Online Learning students are not physically available in the classroom, but he/she can still attend the lectures at the same time as other students. They are also welcome to attend the face-to-face workshop if they are able to make themselves available with no extra charge.

Course Schedule & Examination:  same as the Blended Learning Mode, online learning students are required to strictly follow the course schedule if you plan to sit for the examination at the end of the semester.

Online Quizzes:  our past year mock exam papers have been converted into online interactive quizzes for all our  CFP students.

Recorded Lecture Videos and Live Streaming: these are also make available for all CFP students.

Electronic Equipment:  All CFP students are required to have access to personal computer or laptop, and or tablet, smart phone and Internet connection.


5. How to enrol for CFP Online Learning programme?

All procedures are same as Blended Learning, except that when filing in your KMDC CFP Application Form, remember to tick “Online Learning” above your signature.



A1. What is Financial Planning?

Financial Planning is the process of meeting your life goals through the proper management of your finances. These goals may include buying a home, saving for your child’s education, starting a business or planning for comfortable retirement.


A2. What is the role of a Financial Planner?

A financial planner is someone who uses the financial planning process to draw-up a plan with an objective to meet your life goals. The planner takes a “big picture” view of your financial situation and make financial planning recommendations that are right for you. He takes into consideration all of your needs – budgeting, saving, taxes, investments, insurance and retirement planning. He can also work with you on a single financial issue but within the context of your overall financial situation.

This makes the financial planner different more comprehensive in his approach than other financial advisors who may be trained only on specific areas of your financial needs.


A3. What is the Financial Planning Process?

This Process consists of six steps:

i. Establishing and defining the client-planner relationship
The financial planner should explain clearly or document the services to be provided to you and define both his and your responsibilities. The planner should explain fully how he will be paid and by whom. You and the planner should agree on how long the professional relationship should last and on how decisions will be made.

ii. Gathering client data, including goals
The financial planner should ask for information about your financial situation. You and the planner should mutually define your personal and financial goals, understand your time frame for results and discuss, if relevant, how you feel about risk. The financial planner should gather all the necessary documents before giving you the advice you need.

iii. Analysing and evaluating your financial status
The financial planner should analyse your information to assess your current situation and determine what you must do to meet your goals. Depending on what services you have asked for, this could include analysing your assets, liabilities, cash flow, current insurance coverage, investments and tax strategies.

iv. Developing and presenting financial planning recommendations and/or alternatives
The financial planner should offer financial planning recommendations that address your goals, based on the information you provide. The planner should go through the recommendations with you to help you understand them to help you make informed decisions. The planner should also listen to your concerns and revise the recommendations accordingly.

v. Implementing the financial planning recommendations
You and the planner should agree on how the recommendations will be carried out. The planner may carry out the recommendations or serve as your “coach”, coordinating the whole process with you and your other professionals like your lawyers or stockbrokers.

vi. Monitoring the financial planning recommendations
You and the planner should agree on who will monitor your progress towards your goals. If the planner is in charge of the process, he should report to you on a time basis mutually agreed upon to review your situation and adjust the recommendations, if needed, to complement the changes in your life.

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A4. What are Practice Standards?

Practice Standards were developed to help CFP practitioners better understand and implement the financial planning process. These standards also explain what is expected of a CFP practitioner and are to be adhered to when providing financial planning advice.

Practice Standards describe the process that a financial planner should reasonably be expected to follow during a financial planning meeting. These standards are based on the six-step financial planning process :

  • Establishing and defining the client-planner relationship
  • Gathering client data including goals
  • Analyzing and evaluating the client’s financial status
  • Developing and presenting financial planning recommendations and/or alternatives
  • Implementing the financial planning recommendations
  • Monitoring the financial planning recommendations


A5. What are the 4E’s?

The 4E’s are:

i. Education
Before commencing the certification examinations, a candidate must complete the academic requirements of the CFP syllabus. They are:
Module 1 – Foundation in Financial Planning
Module 2 – Insurance Planning and Estate Planning
Module 3 – Investment Planning and Retirement Planning
Module 4 – Financial Plan Construction & Professional Responsibilities

ii. Examination
Once a candidate has completed the Education requirement, he can enroll for the Certification Examination. The examination is designed to assess the candidate’s ability to apply the theoretical knowledge he has acquired to financial planning situations in an integrated format, thereby assuring the public that the candidate has acquired the level of competency required for practice.

iii. Experience
In addition to having to complete the financial planning education and examination requirements, a candidate is required to show evidence of having worked in a financial planning-related position for a period of at least three years before or after the successful completion of the Certification Examination.

iv. Ethics
Once a candidate has completed the above 3 E’s and prior to certification, he is required to disclose past or pending litigation or agency proceedings and to acknowledge the right of FPAM to enforce its Code of Ethics and Professional Responsibility.
Only when the candidate has fulfilled his ethics requirement, is he entitled to be a full fledge CFP licensee.


A6. What is it about the CFP Mark that distinguishes it from other financial planning qualifications?

The CFP mark identifies individuals who have met the education, examination, experience and ethics requirements established by the Financial Planning Standards Board Ltd. (FPSB). FPSB owns the CFP Mark outside the United States and licenses qualified individuals to use this mark and refer themselves as “CFP Licensees”. The CFP designation is an internationally recognised mark for the highest level of competence in financial planning.

Financial Planning Association of Malaysia – FPAM, is the marks licensing authority in Malaysia in line with the international standards.


A7. What is the difference between a Certified Financial Planning Practitioner and the other kinds of financial advisors?

A CFP Practitioner follows certain standards – called Practice Standards – when providing financial planning advice. Practice Standards describe the process you should reasonably expect a financial planner to use during a financial planning engagement. These standards are based on the six-step Financial Planning Process, documented by the Financial Planning Standards Board through their research on the “Job Analysis” of what a financial planner is expected to be.


A8. What motivates people to pursue CFP Certification? How does this program benefit them?
7 reasons that motivate people for obtaining CFP Certification according to survey*:

1. Broaden or Deepen Knowledge in Personal Finance, 73.9%
2. Establish Professional Credibility, 74.6%
3. Increase Earning Power, 34.9%
4. Career Advancement or Get Promoted, 34.2%
5. Certify Existing Knowledge in Personal Finance, 39.3%
6. Change Career or Get Established in New Career, 18.4%
7. Employer Required or ly Encouraged, 14.3%

Those seeking the CFP designation have tended to be generalists that may specialize in one or more specific areas: estate planning, retirement planning, investment planning, risk management and insurance planning, and tax planning. Those holding the CFP designation have typically found employment with the financial planning firms, insurance companies, banks, unit trusts, and accounting firms.

CFP programme is regarded as better prepared individuals in the following areas: overall financial advisory services to individuals and families, advice on insurance planning, tax planning, retirement planning, estate planning and investment planning. In short, the CFP designation is perceived as a generalist designation that provides the best preparation for comprehensive personal financial planning.


B1. What is the minimum entry requirement needed to take up the CFP Certification Programme?

CFP Entry Requirement: a bachelor’s degree (any discipline) OR if without a degree but have at least 5 years of relevant work experience, can opt for sitting for PLRA – Prior Learning Recognition Assessment. Once passed, you will eligible to join the 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.


B2. How many CFP modules do I need to complete and what are they?

There are four CFP modules:

Module 1: Foundation in Financial Planning

Module 2: Insurance Planning and Estate Planning

Module 3: Investment Planning and Retirement Planning

Module 4: Financial Plan Construction and Professional Responsibilities

CFP Module 1 provides you an overview of Financial Planning industry and related topics; then Module 2 and Module 3 will provide you with in-depth knowledge of various financial planning topics; and the final module, Module 4, you will learn how to construct financial plan and professional responsibilities.


B3. Can I study all four CFP modules in one go? Any prerequisite? 

No. It is recommended that you do it in 3 stages:

Stage 1: CFP Module 1 is the prerequisite of Stage 2 (Module 2-3) and once you passed Module 1 examination, you can move on to Stage 2.

Stage 2: study CFP Module 2 and Module 3 which are in-depth study in these specific topics: Insurance and Estate Planning (Module 2), Investment and Retirement Planning (Module 3). You can take these 2 modules in one semester and sit for the 2 examinations in the one exam sitting (no worries, the exam timetable are well planned and will not crash with each other); or take one module at a time in any sequence. Once you passed these 2 modules in Stage 2, then you are eligible to move on to Stage 3.

Stage 3: study CFP Module 4. You are expected to have adequate knowledge in risk management and Insurance, taxation, investment, retirement and estate planning; and now you will study how to construct financial plan and learn about professional responsibilities. Please take note that Taxation Module becomes optional but highly recommended.


B4. Do you have to pass just one module to earn the CFP mark or several modules over a period of time?

You have to pass all the 4 modules in order to become a Certified member. However, exemptions are granted to individuals who have certain academic qualifications.


B5. Is there a time frame to complete each module?

There is no fixed time frame and the examinations are conducted once every 6 months, usually in June and December.


B6. Is there a time frame to complete all the 4 modules?

There is no fixed time frame. CFP Modules 1 to 3 must be completed before you are eligible to attempt Module 4. A candidate can attempt Modules 2 and Module 3 in any sequence.


B7. What is the shortest time frame to complete all the 4 CFP modules?

The shortest time frame required is 12 months.


B8. If I fail a module, is there a re-sit and what is the time frame for a re-sit?

You will have to re-register for the module that you failed in. You can register for the next available examination sitting. It is better to resume your study as soon as possible when the memory is still fresh.


B9. If I have to re-sit a module, do I pay just the exam fees or the do I need to pay the course fees as well?

If you need to re-sit a module, you are required to register for the next examination and pay the exam fees. KMDC charges a small refresher course fee @RM53 per day (RM424 for a 8-day workshop to RM477 for a 9-day workshop only) for re-sit/repeat.If you wish to attend additional revision classes.


B10. Can I do the 4 CFP modules with a period of rest in between modules?



B11. Do I entitled to any exemption(s) if I am a graduate/member of a professional body?

Yes, probably. FPAM has recognized that certain professional qualifications cover some components in financial planning and have decided to waive certain modules for eligible members. You may be granted modular exemption(s); or Challenge Status – skip CFP Module 1 to Module 3 and go straight to Module 4.


B12. How to apply for CFP Modular Exemption or Challenge Status? 

If qualified, you may apply for modular exemption or Challenge Status. Download the appropriate information and form(s) then submit to FPAM or via KMDC:

You are required to submit the relevant forms and documents to FPAM, accompanied by an Application for Trade Member Form together with payment (if you are not already a member), as FPAM will only grant approval to its members.

All certificates and academic transcripts must be certified. Working experience from present employer must be written using the employer’s letterhead. If you are seeking for exemptions for Module 1 or Challenge Status, you must apply at least one month before the registration for any examination and not together with the examination registration form.


 B13. How do I know whether my application is successful?

Upon approval, FPAM will allocate you a reference number to quote when you subsequently register for the examination. If your application is disapproved, FPAM will return you the whole set of documents.


B14. If I were granted Challenge Status, is there a time limit on when I must pass the Module 4 examination?

CFP Challenge Status candidates are given 3 exam sittings to complete their Module 4 exam. Failing which they are required to enroll for the full CFP Certification Programme.



B15. When are the CFP examinations held?

The examinations are held twice a year, usually in mid June and mid December. There are special examiantion sittings for Module 1 which usually be held in March or April and Spetember or October. This is to allow CFP students to fast track their study.

B16. What is the format of the examinations for CFP certification?

CFP Module 1 to 3 consists of 75 multiple choice questions each to be completed in 3 hours.
Module 4 comprises of 2 papers. Paper 1 is a 60 multiple choice questions paper to be completed in 3 hours and Paper 2 is an essay styled case study question paper to be completed in 3 hours. Both the papers would be conducted on different day.

B17. Where are the CFP examination held?

Location Exam Centre
Kuala Lumpur/Klang Valley Universiti Malaya (Dewan Peperiksaan)
Penang KDU University College, Jalan Anson, Penang
Johor Baru Universiti Teknologi Malaysia (Dewan Peperiksaan P16)
Kuching Universiti Malaysia Sarawak
Kota Kinabalu Universiti Malaysia Sabah


B18. When is the CFP examination registration closing date?

There are two main exam sittings per year; in mid June and mid December. The closing date for examination registration is usually about 8 weeks from the examination date. Check here for examination information.


B19. How much is the CFP Examination Fee? 

That depends on whether you are attached to FPAM’s Charter member or Corporate member or none. Charter and corporate member are corporations that support FPAM in the development of the financial industry.

FPAM’s CFP Examination Fee:
Staff of FPAM’s Charter member RM200 per exam sitting
Staff of FPAM’s Corporate member RM250 per exam sitting
Individual RM300 per exam sitting

To check if your employer is the Charter or Corporate member of FPAM, Click HERE.



B20. Can I withdraw from EPF to pay for CFP education? Or Can my company make HRDF claim if they sponsor my study?

Yes. Your CFP tuition fee and examination fee are now eligible for EPF withdrawal, provided you are a member of EPF and at least a diploma holder. Click HERE for information about EPF withdrawal for education purpose.

As for HRDF, if your company contributes to HRDF (Human Resource Development Fund), and sponsor your CFP study, then the company is eligible to make HRDF claim. Click HERE for information about HRDF and How to Apply.


B21. Is CFP fee tax deductible?

No at the moment, only membership fees are eligible for claiming tax deduction.



B22. Is CFP certification programme recognised and popular in Malaysia and other countries/regions?

Yes, besides Malaysia, CFP is widely recognized in 26 countries and regions: USA, Canada, Japan, Australia, Hong Kong, China, Taiwan, Indonesia, India, Singapore, United Kingdom, New Zealand, Germany, France, South Korea, Brazil, Austria, South Africa, Switzerland, Thailand, Ireland, Israel, Columbia, Brazil, Turkey and the Netherlands.

As of end of 2018, there are over 181,360 CFP certified practitioners worldwide and the number is growing. In Malaysia, CFP certification programme has becoming more and more popular. The Financial Planning Association of Malaysia (FPAM) currently has 2,287 certified practitioners.

Majority of Malaysia’s CFP holders are mainly from financial industry: about 65% of them are attached to banks, unit trust, insurance, financial advisory and stock broking companies, with another 18% are accountants. About 16% of CFP holders in Malaysia are from non financial corporations.


B23. I am an Accountant. What are the benefits for me if I were to pursue CFP qualification?

The CFP qualification is very popular with accountants in Malaysia. In fact about 16% of total CFP members are accountants. This is the largest among all professions. Members of professional accounting bodies like MIA, CIMA, ACCA, ASCPA, AIA are exempted from the first 3 modules of the certification exams. They only have to sit for Module 4, the last paper.

Accountants normally do well for the paper as their background in accounting & finance gives them the analytical skill that is so vital for the exams. Their background also enables them to grasp the concepts easily.

The benefits of the CFP programme for accountants are:

  • Financial planning is an added value service that they can provide to their clients. Most of them already provide accounting, tax or audit services to their clients. Financial Planning would be an extra service that they can provide.
  • They already have an existing client base to tap on should they want to expand their business. These clients already have a rapport and business relationship with them and the trust is already there. Unlike others who need to build a client base, accountants already have an existing one.
  • The CFP qualification is recognized worldwide. Accounting is one of the professions most in demand worldwide and accountants are very mobile. Having a globally recognized qualification gives them an added advantage.
  • Accountants provide many value added services. Financial planning is one of them and it is one of the fastest growing professions worldwide.
  • The CFP qualification is also a qualification to enter the financial services sector for those who wish to switch profession. For those who wish to enhance their career and climb the corporate ladder, the CFP is one of the most recognized qualifications. Most of the financial institutions in Malaysia are Charter members of FPAM and send their employees to undergo the CFP course.


B24. What are Continuing Education (CE) requirements that I have to fulfill?

Certified members must complete 20 hours of Continuing Education (CE) every year in order to renew their CFP licence. It is mandatory that certified members must devote 2 CE hours to update himself/herself on the Code of Ethics and Professional Responsibility.

Associate members must complete 15 CE points every year.

Excess credits acquired in one reporting period cannot be carried over to another reporting period.

Random audits will be conducted to ensure that Certified and Associate members fulfill their continuing education requirement.

Members selected for the CE audits will be required to complete the CE report and submit proof of CE activities participation.

Certified and Associates members are therefore required to keep supporting documentation in the event they are audited or to show proof of attendance.

C1. How do I register for the CFP Certification programme? 

You may download forms from this download page; or email KMDC:; or call us: 012-3989030 (Whatsapp), 03-5565 0799/0798 (during office hours).

For registration of CFP course with KMDC, follow these simple steps:

1. Applicants can download KMDC Application Form HERE and submit it to us together with your other documents (e.g. certified transcripts, business card or company’s letter).

2. Candidates enrolling for the CFP programme (Module 1, Challenge Status and all first timers) must be FPAM’s Trade members. The Trade member fee is RM50 per annum. Do download FPAM Trade Member Application Form HERE 

3. For your convenience sake, you may fax to us your forms and documents to 03-5565 0799/0798. For payments, just fill up the authorise column on KMDC Application Form and FPAM Trade Member Application Form to authorise KMDC to charge your tuition fee and FOR FPAM to charge your membership fee respectively.

For detail information on how to enrol and make payments for CFP course, please click HERE.


C2. Have the CFP Education Providers, including KMDC, been approved by the relevant authorities?

The provision of education is undertaken by suitably qualified Education Providers duly approved by FPAM. Approval is granted by FPAM subject to the Education Providers having fulfilled certain requirements such as:

i. Having an established track record in the field of education
ii. Capable of teaching the CFP certification program
iii. Employment of professional academic and support staff to ensure comprehensiveness of programs
iv. Adherence to all of FPAM’s rules and regulations


C3. Is KDU Management Development Centre (KMDC) one of the education providers approved by FPAM to conduct the CFP program?

Yes. In fact, we are now the leading CFP education provider in Malaysia with highest market share and we are always the top performer in CFP examination.



C4. Do the CFP Education Providers charge the same for the CFP course?

The approach of the independent Education Providers in providing the CFP course may differ slightly, depending on their methodology and course materials but in compliance with the syllabus determined by FPAM. The fees for the courses are set by the Education Providers within the range approved by FPAM.

Below is the FPAM’s recommended CFP course fees:

Module 1 -4: RM1900 per module

TOTAL Course Fee: RM1900 x 4 modules  = RM7600 excluding examination fee and membership fee

For KMDC CFP Fee, please read Question C6 below or click HERE.


C5a. Who entitled to special discounted rate? Do you offer special rate for those working in the financial institutions and students?

Yes, KMDC offers corporate rate for all staff that attached to any financial institutions, e.g. banks, unit trust, insurance, financial advisory, financial service providers. They will enjoy a saving of about RM100-RM150 per module. For seniors above 51 and youth 23 & below, they will enjoy a discount of RM300 per module. Do read Question C6 below.


C5b. Is there any financial support for CFP student? Am I eligible to withdraw EPF for CFP study?

 There are 3 possible ways to get some funding to finance your study.

  1. EPF WithDrawal:-  if you are a EPF (Employee Provident Fund) member, then as long as you have sufficient fund in your EPF Account 2,  you will be eligible to make a request to withdraw your EPF money for the CFP course fee. Terms and Conditions apply.  (Click HERE for information about EPF Withdrawal)
  2. HRDF – if you employer contributes to HRDF – Human Resource Development Fund, you may request your company to sponsor your CFP study by claiming HRDF. (Click HERE for information about HRDF Claim)
  3. FPAM Sponsorship Programme: click HERE to download the application procedures.


C6. How much is the course fee if I were to take CFP programme with KMDC?

CFP Course Packages & Fees

CFP ModuleStandard PackageCorporate Package*FIMM Package**1+1 Bundle Package***Seniors & Youth****Challenge Status*****
Module 1
Foundation in Financial Planning
Module 2
Insurance & Estate Planning
Module 3
Investment & Retirement Planning
Module 4
Financial Plan Construction & Professional Responsibilities
Taxation WorkshopOptionalOptionalRM1166OptionalOptionalOptional
KMDC Application Fee
(applies to new student only)


C7. What is KMDC’s refund policy if I decide to discontinue a module?

KMDC’s policies on Refund of Fees:
All fees paid are NOT refundable unless the course does not commence or the candidate’s application is rejected by KMDC. Once the course commenced, the course fee is considered fully consumed. Withdrawals: All withdrawals must be in writing at least 5 working days prior to the commencement date for full refund, administrative charge of RM212 will apply. Once the course has commenced, if candidate wishes to withdraw, he/she must write in within 10 working days from the commencement date of the course, only 50% of course fee will be refunded less administrative charge of RM212. Strictly no refund for ‘No Show’ or withdrawal after 10 working days from the commencement date.



C8. Does KMDC offer any part-time CFP course?

KMDC offers CFP programme as part-time course only. That is, most CFP classes are conducted during weekends. Only a few classes are offered during weekdays when a minimum number of participants are met.


C9. If I want to take up full time study in CFP, would that be possible? 

Possible. Just enrolled in several CFP modules in one semester. If you enrolled in 3-4 CFP modules in a semester, your study load is equivalent to full time study in colleges or universities. However, as mentioned earlier, most CFP classes are conducted on weekends.


C10. Do you offer evening CFP classes? 

Currently, KMDC does not offer evening class. However, we will consider to offer evening classes if needs arise.


C11. Can I study CFP course with KMDC outside the Klang Valley? 

Yes, we have online course for CFP and you can study anywhere anytime with 24 x 7 access to our CFP Online Learning Portal with lecture notes, online quizzes, online discussion, resources and video lectures.


C12. Is it compulsory to attend CFP lectures/workshops? Can I just purchase your CFP materials and do my self study? 

Yes, it is compulsory to attend CFP workshop. However, if you are taking CFP Online Course, then do your self study online and do watch the video lectures provided. 


C13. When do I need to register for CFP course?

There are two semesters per year. For first semester, CFP classes commence from February after Chinese New Year and end in early June just before the June Examination. For the second semester, CFP classes start in July till early December. December examination will usually be held in mid December. Please check KMDC CFP Timetable and register for your desired CFP class(es) at least one week before the commencement date stated in the KMDC CFP timetable. 


C14. Is KMDC CFP Timetable flexible enough to suit my busy lifestyle? 

KMDC’s delivery strategy allows FLEXIBILITY to you in view of your hectic working schedules. We offer weekend sessions on Saturday and Sunday. For each module, there will be 2 intakes per year. We also offer Online Learning for CFP.



C15. What kind of learning support and materials will be given to me by KMDC?

KMDC offers 8-9 full days face-to-face CFP workshops including revision seminar for each module. Besides that, we provide training workshop on “Financial Calculator and Time Value of Money”. For study materials, we provide you KMDC CFP lecture notes, online learning portal with online quizzes and materials. KMDC also organizes financial planning seminars regularly for our CFP learning community and the public.


C16. How does KMDC ensure that I can pass my CFP examination? 

KMDC provides you with extra hours of face-to-face workshops – from 2015 onwards, up to 72 hours for CFP Module 2-4, and up to 64 hours for Module 1 – compare with FPAM’s requirement of 60 contact hours per module. We provide normal lectures/workshops, mock exam and revision seminars, extra free training sessions on financial calculator and time value of money, and online learning portal,, loaded with thousand of mock exam and review questions and other course materials. Each CFP learning members will also be given a few sets of sample exam papers in advance. Our CFP timetable is so flexible that you have many choices – and able to repeat all the sessions for a small fee or replace the session(s) that you missed for free. Read Question C19 for details.

The best of all — we have a team of highly qualified facilitators who are industry practitioners and well liked by our CFP learning community.

KMDC has built up its reputation as CFP education provider that provides high quality education with value-added service. Our CFP examination results also speaks for itself – we are always the top performer with highest pass rate. Do check HERE for KMDC past CFP examination results and awards.


C17. What is the duration for each CFP module?

Based on a 13-week semester with the common expectation that you would spend between seven to ten hours per week studying and preparing for your CFP course. You may take about 8 – 12 weeks to complete each module.

For example, your CFP Module 2 class commences in late February, and there are 9 full day sessions to attend. Thus, you will likely to complete the module in about 9 weeks depending on the CFP Schedule.



C18. How to complete all four CFP modules in 1 year? 

Join the early intake of CFP programme in either Semester 1 or 2, go for the special exam sitting for Module 1 in March or September; then enrol for Module 2 and 3 in the second intake at the same semester, and sit for June or December examination for both modules. In the next semester, provided you passed all the examinations, take on Module 4 in your 3rd exam sitting.

Remember: do enroll early as early birds do get to enjoy a lot more privileges.


C19. I do not want to rush to complete my CFP course in 1 year, but, if I do one module at a time, it will take 2 years to complete. That is a bit too long for me. What is your recommendation?

We recommend that you study CFP Module 1 in your first exam sitting, then take on CFP Module 2 & 3 in your second exam sitting, and Module 4 in your 3rd exam sitting. Thus, you will be able to complete all four modules in 1.5 years.

Download KMDC CFP  2019 Semester 1 Timetable (March to June) HERE

Download KMDC CFP  2019 Semester 2 Timetable (July to December) HERE

+ Download 2019 CFP Fee Schedule HERE



C20. Suppose I am unable to cope with the workload and the study load or sit for the CFP exam, can I defer my exam sitting?

Yes, you can just attend the classes and need not register for the coming examination but enroll for the next exam sitting instead. Please do inform us your intention in wiring.


C21. I understand KMDC does offer opportunities for CFP learning members to repeat/re-sit for CFP sessions for a small fee. Please elaborate.

Yes, we do offer opportunities for our CFP learning members to repeat or re-sit or sit in for their CFP sessions.

Repeat – KMDC CFP learning members who signed up for the early intake of CFP session, for example, Mr. Tan enrolled for Module 4 early intake which starts in February. He will complete his Module 4 in late March, and wants to repeat Module 4 with another facilitator in the coming April intake. As long as the seats are available (some CFP classes do fill up fast), he can do so by enrolling himself into this April intake of Module 4 and pay a small administrative fee to KMDC. In this way, he learns more and better prepared for the coming examination.

Another example, Cik Norila enrolled for Module 1 and will sit for CFP Module 1 examination in June; at the same time, she enrolled and paid for Module 2 and Module 3 tuition fee as well – her intention is to only attend the CFP Module 2 & Module 3 workshops and will only sit for the exams of these two modules next round in December. She can repeat Module 2 & Module 3 in the coming semester and this time, she only requires to pay a small fee, we call it Refresher course fee, for each module in order to attend the workshop for the second time. As for the exam fee, She of course has to pay her exam fees to FPAM.

Re-sit – Normally refers to learning members that failed his or her CFP examination previously and want to re-sit for the same module in the next semester. A small administrative fee applies – this is to cover the costs of refreshments and lecture notes.

The course fee for Resits and Repeats mentioned above varies, it depends on which option you choose. Option 1: RM424 only for 8-day of classes inclusive of lecture notes and online quizzes. Option 2: RM477 only for 9 day of classes which included 1-Day exam revision seminar, lecture notes, sample exam papers and refreshments. CFP course manual is excluded as the learning members should already been given one copy of course manual the first time he or she enrolled for that particular CFP module previously.

Refresher Course – for KMDC CFP alumni who have completed his/her CFP course and fully certified, and yet they want to come back for refresher course. They only need to pay RM424 for 8 day of normal sessions.


C22. I have completed CFP course years ago and I would like to update myself – does KMDC offer any refresher course?

Yes, we do. If you are a CFP holder and KMDC alumnus, and wish to do a refresher course (any CFP modules), you can enrol with us – each module will cost only a fraction of the full tuition fee, i.e. at RM424 per module for 8-day workshop.


C23. I was with other CFP education provider and completed a few CFP modules, and now I have decided to join KMDC, can I?

Of course, you are welcome to join KMDC CFP courses. Talk to our staff to see if you are entitled to any special offers.


C24. I failed my CFP module while with other education provider, can I take advantage of your refresher course to repeat the module that I failed?

Yes, you can repeat the failed module with us provided you signed up and make payment for at least one new CFP module with us.



C25. I plan to migrate to Australia, is CFP qualification recognised there? Should I complete my CFP course here in Malaysia before moving there?
Yes, CFP is recognised in Australia. It is advisable that you complete your CFP course here in Malaysia first then complete a top up exam in Australia. Also do check with the Australian authority ( from time to time for latest updates on the conversion process. In Australia, the minimum entry requirement for CFP is a bachelor degree. 


C26. I plan to migrate to Australia in 6 months time and I have only completed CFP Modules 1 & 2. I only have time to complete another one module, i.e. Modules 3. I understand that I am not eligible to sit for Module 4 examination before I have passed Modules 1-3. Please advice.

Sign up and attend all remaining modules, i.e. Modules 3 and 4. Sit for Modules 3 examination in the here in Malaysia – you still have time to do that. Then, when you go over to Australia, do your own revision and prepare for Module 4 examination. Provided you have passed Modules 3, register and come back to Malaysia for Module 4 examination.


C27. I will be leaving for Singapore to work, and I have completed only 3 CFP modules, can I continue to study CFP there?

You will have to complete your CFP course in Malaysia. If you have done 3 CFP modules here and want to continue it in other country like Singapore, you will be required to start all over again. However, if you have completed your CFP course here in Malaysia, you will then do a conversion examination there in Singapore. Perhaps, you should consider signing up for our weekend CFP classes and come back to attend classes and examination in Malaysia.

Please check with the Singapore authority ( for latest updates on the conversion process.



C28. What is KMDC and which is the largest Financial Planning education provider in Malaysia?
KDU Management Development Centre Sdn. Bhd. – KMDC, is an education provider and training provider for working professionals and corporate in Malaysia. It is a subsidiary of PAramount Corporation and sister company of KDU University College and Sri KDU Smart School. KMDC has since 2003, providing CFP Certification course to the public. Though we are not the pioneer and in fact a late comer in CFP education, we manage to achieve the Number 1 Market Leader position since 2008. KMDC’s market share is still on the rise. In Klang Valley and Penang, we have over 75% market share (2012 June) and in whole Malaysia, 55%. This information is based on the statistics provided by FPAM as of June 2012.


C29. May I know KMDC CFP Examination results?
Yes, we are very transparent about our examination results. KMDC is also proud to announce that we constantly achieve high pass rate for CFP examination. For a consecutive of 10 examinations in the past 5 years, KMDC has achieved an average of 84% pass rate. We are also the top award winner – in 2011, out of 13 FPAM CFP Award, KMDC wins 12.

For more information on CFP examination results and awards, please click this link.


C30. Does KMDC offer any other courses/programmes besides CFP ?

Yes, we do. We offer a series of management development programmes, executive seminars and workshop, in-house training and other certification courses, such as Certified Digital Marketing courses (5 professional diploma programmes), GARP FRM – Certified Financial Risk Manager programme, public workshop, management development programmes (soft skills training). Do check our website for more course information:


C31. Where is KMDC Business Office and learning centre located?

KMDC Office is located at Level 3, Admin. Block, KDU University College Campus, Glenmarie, Shah Alam, Selangor, Malaysia. All classes are conducted at this new campus as well. For enquiry, please go to “Enquiry and Admissions” Lounge, ground floor of KDU Glenmarie Campus.

KMDC @KDU University College, Glenmarie Campus
KDU Glenmarie Campus Location Map


KDU Management Development Centre Sdn. Bhd. (KMDC) 
KMDC Office, Level 3, Admin. Block,
KDU University College Glenmarie Campus
Jalan Kontraktor U1/14,
Seksyen U1, 40150 Shah Alam
Selangor Darul Ehsan
(Mon – Fri: 09:00 – 18:00; Sat & Sun: 09:00 – 17:00)

+603 5565 0799, 603 5565 0798, Mobile: 012 398 9030 (Whatsapp)
+603 5565 0797
3.0839387, 101.55969
  Location Map of KDU Management Development Centre (KMDC)

D1. What are the different types of FPAM’s membership available?

FPAM membership consists of individuals and companies who practice or support the financial planning profession respectively. As a professional association, FPAM requires its members to abide by a Code of Ethics and Professional Standards.

To protect the consumer and thereby instilling public confidence in its certified licencees, FPAM will investigate formal complaints through a Review and Disciplinary System.

There are five categories of members:

1. Charter Member 

This category of members are corporations that support the development of the financial planning industry.

2. Corporate Member

Invited corporations with interest in financial planning.

3. Certified Member

Certified Members CFP are individuals who have earned the CFP certification. The have passed the certification examinations after completing the CFP Course provided by approved Education Providers.

They have also acquired three years’ relevant experience and agreed to abide by the Professional Standards and Code of Ethics.

The CFP qualification is an internationally recognised mark and symbolises the highest level of professionalism in financial planning.

4. Associate Member

Associate members are individuals who have earned the AFPM certification. They have shown technical competency by completing the AFPM course provided by approved Education Providers. They also need to abide by the Professional Standards and Code of Ethics.

5. Trade Member

Trade members are individuals who undertake to pursue the CFP and AFPM courses provided by approved Education Providers.


D2. What are the differences between being an Associate Member and a Certified Member

An Associate member is someone who has completed the Foundation In Financial Planning module (CFP Module 1) and registered as an Associate member of FPAM. He or she understands the financial planning process and is able to explain the process to clients and provide clients with only segmented plans but would not be competent enough to write a comprehensive financial plan. He or she agrees to abide by the FPAM Code of Ethics and Professional Responsibilities.

A Certified member is someone who has completed the CFP certification course and after meeting the 4E requirements of certification (Education, Examination, Experience and Ethics) is awarded the CFP Mark, the highest standard in financial planning. A Certified member is able to take the clients through the 6- step process of financial planning and write and execute a comprehensive financial plans for his or her clients as well as monitor the status / progress of the implementation of the clients’ plans. He or she would have at least 3 years of relevant experience and agree to abide by the FPAM Code of Ethics and Professional Responsibilities.


D3. What can a CFP do that an AFP(M) cannot do?

An AFPM licensee is one who is trained and is competent to recommend the full range of financial products to match the needs of his clients. He/she understands the financial planning process. He/she is able to explain the process to clients and provide clients with only segmented plans but would not be competent enough to write comprehensive financial plans.

A CFP licensee would be able to do all that an AFPM licensee can do plus write and execute comprehensive financial plans for his/her clients, as well as monitor the status of the clients’ plans.


D4. Who are FPAM’s Charter Members?

FPAM’s Charter Members are corporate members of FPAM who contribute and support the development of the financial planning industry in Malaysia.

If you are employed by any of FPAM’s Charter Members, you are entitled to the Charter Member’s employees’ rate for examination registration fees. Click on the link here to check for the Charter members of FPAM.


D5. Can an individual apply to be a FPAM’s Charter Member?

No. Only institutions can apply to be Charter members.


D6. What does the Re-certification process entail?

Once certified, a CFP practitioner is required to maintain technical competence and fulfill ethical obligations. Every  year, he must complete a minimum of 20 hours of continuing education to keep abreast of current developments in the financial planning profession in order to better serve his clients. Two of the 20 hours are to be spent studying or discussing FPAM’s Professional Code of Ethics and Practice Standards.

In addition to the continuing education requirement, every  CFP practitioner must also voluntarily disclose any public, civil, criminal or disciplinary actions that may have been taken against him in the past two years as part of the continuing Re-certification process.


D7. What additional support does FPAM provide to its members?

FPAM has a comprehensive web site which students can access for updated information on the latest developments in financial planning. There are also links to the web sites of other financial planning bodies worldwide.

There is also a mini library at FPAM’s premises with reference materials and books on financial planning for use by its members.


D8. What is so special about the CFP Mark?

The  CFP mark identifies individuals who have met education, examination, experience and ethics requirements established by the Financial Planner Standard Board (FPSB). The CFPdesignation is an internationally recognised mark for the highest level of competence in financial planning.


D9. When do I qualified for the CFP Mark?

You will earn your CFP Certificate once you have completed and pass all four (4) modules with 3 years of relevant Financial Planning work experience.


D10. What do you mean by “relevant Financial Planning work experience”?

Relevant financial planning work experience can be obtained from the following 3 work areas:
(i) Working in the financial services industry
(ii) Self employed, sole proprietors, partners or directors in industries relating to financial planning or financial services
(iii) Insurance/unit trust/will writing/trusts agents and remisers


D11. Is it true that a CFP licensee can have his license revoked?



D12. I have passed Module 4, how to apply to be fully certified financial planner?

Having passed CFP Module 4 does not automatically elevate you to fully certified financial planner. You will have to apply and these are the procedures:

  • Option 1: Submit proof (document) that you have at least 3 years of relevant working experience outlining details from your present/past employer (in company’s letterhead) over the immediate 3 years from the date of the application including employer details, (name of company, telephone number, person to contact) positions held and primary duties. OR
  • Option 2: Complete the CFP Application Working Experience Summary Form certified by your employer with Company’s stamp ( Name, Designation and contact number)
  • Complete FPAM’s Certified Member Application Form and enclose together with payment of RM410 payable to “Financial Planning Association of Malaysia”

For Challenge Status candidates:

  • Complete the Certified Member Application Form and enclose together with payment of RM410 payable to “Financial Planning Association of Malaysia”
  • Certified working experience letter will not be required (this had been given to FPAM earlier when you applied for Challenge Status)

Certified acceptance Letter and Certificate will be sending to your correspondence address via registered mail in ONE month from the date of the application.

Download KMDC CFP Application Form HERE

Download KMDC CFP  2019 Semester 1 Timetable (March to June) HERE

Download KMDC CFP  2019 Semester 2 Timetable (July to December) HERE

+ Download 2019 CFP Fee Schedule HERE


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