.:: Certified Financial Planner (CFP): News & Events about Financial Planning Courses & Community - CFP Program offered by KMDC in Malaysia ::.

Below is the table that highlights the commencement date of the all the CFP & IFP classes scheduled from February to June, 2012:

KMDC CFP & IFP Module 1: Foundation in Financial Planning

KMDC CFP Module 2: Risk Management and Insurance Planning

KMDC CFP Module 3: Taxation Planning

KMDC CFP Module 4: Investment Planning

KMDC CFP Module 5: Retirement Planning and Estate Planning

KMDC CFP & IFP Module 6: Financial Plan Construction and Professional Responsibilities

Good News (1): CFP & IFP are now HRDF claimable! IFP is eligible for tax deduction.

Another piece of Good News! CFP and IFP programmes are now HRDF claimable. Eligible employers must submit the applications under SBL Scheme prior to the commencement of the programmes. Each application submitted by the employers will be processed accordingly by PSMB, based on current rules and regulations. IFP is also eligible for tax deduction.

Employers that fall under the first schedule of the Pembangunan Sumber Manusia Act 2001 (Act, 612) are required by law to register to Pembangunan Sumber Manusia Berhad (PSMB). Once registered, employers must pay to the Human Resource Development Fund (HRDF) for them to be eligible for financial assistance to train and upgrade the skills of their employees. (View letter from PSMB HERE)

FPAM's proposal of an Industry Internship programme to be conducted by licensed financial planners has been approved by Securities Commission subject to the following conditions:

1. At all times the intern is not permitted to conduct any activities that would require a person to be licensed under the Capital Market & Services Act 2007 (CMSA);
2. The licensed financial Planner with whom the intern is attached will be held accountable and responsible for the intern's actions;
3. The intern is not allowed to hold himself out as a licensed financial planner under any circumstances;
4. The intern must have passed 2 modules of either the Certified Financial Planner(CFP) course or the Islamic Financial Planner(IFP) course, of which Module 1 of the respective course is compulsory;
5. The intern has a maximum of 5 years to complete either the CFP or IFP course, however, once qualified as either a CFP or IFP holder, the intern is no longer eligible to participate in the internship programme;
6. The intern is allowed to undertake fact-finding activities under the supervision of a licensed financial planner as described below:
(i) Initiating and building the client-practitioner relationship;
(ii) Setting goals, objectives and priorities; and
(iii) Gathering relevant data and information;
7. Only the licensed financial planner is al|owed to undertake the following activities, which are not in derogation or in limitation to the financial planning activities allowed under the CMSA:
(i) Analysing information and assessing financial status of the client;
(ii) Developing and presenting a financial plan for implementation (or solution);
(iii) Executing the financial plan;
(iv) Monitoring execution and reviewing of financial plan; and
(v) Billing or fees charging;
8. The licensed financial planner must supervise the activities of the intern, including knowing what activities the intern i s conducting; and
9. Only the licensed financial planner is allowed to sign-off on any documentation or agreement with clients.

Should you require any clarification, please contact Shahreel Idris at 03-6204 8864 or email: shahreel@seccom.com.my.

Good News! We are pleased to inform you that the Employees Provident Fund has given approval for its members to withdraw their EPF funds for the purpose of pursuing the CFP and IFP certification program. However, this is subject to the member having at least a Diploma as a prerequisite for the approval.

To withdrawal your EPF fund for education purpose, you will need to visit this EPF's web site for information and download forms:
http://www.kwsp.gov.my/ind ex.php?ch=p2members&pg=en_ p2members_wdrawtype&ac=47

Then, when you have decided to withdraw your EPF fund, write to KMDC to express your decision. KMDC will then issue you the letters required.

For those about to take CFP Module 6 this semester, you probably notice that KMDC is offering a special Exam Boot Camp class (Class Code 608, 608A and 608B), This Special Exam Boot Camp Class for Module 6 is different from the normal Module 6 classes like 603 (Sunday class) and 606 (Saturday class); this Exam Boot Camp as its name suggested, is exam oriented and will help boost your learning capability and prepare you to perform better in the CFP Module 6 examination. Furthermore, you will be better equipped and have more confidence in becoming a more competent financial planner.

The Exam Boot Camp is suitbale for Module 6 students and especially those taking Challenge Status.

There are two papers in Module 6 examination. Paper A, 60 multiple choice questions and covers Modules 1-5 topics. Paper B is subjective and focus mainly on financial plan construction case study.

For this Exam Boot Camp, you have 3 choices:

1. 608A class, a 4-day workshop, covers Paper A syllabus;

2. 608B class, 3-day workshop, covers Paper B syllabus;

3. 608 class, 7-day workshop, covers both Paper A & B syllabus.

The tuition fees are very affordable:

KMDC Market Share increases to 55%, We are the Number 1 Leader and Growing Stronger!

KMDC CFP market share is on the rise, we have captured 55% market share in Malaysia.

In Klang Valley and Penang, where we have our learning centres, KMDC captures 67% market share in Klang Valley and 60% in Penang; while in whole Malaysia, our market share is 55% as of June 2010. This information is based on the statistics provided by FPAM.

Compare to 18 months ago (December 2008), KMDC market share has increased by 12% (whole Malaysia), while in Klang Valley, increased by 17% and Penang, increased by 21%! The table below provides you a glance of KMDC CFP current Market Share:

KMDC Market Share: December 08 Vs June 2010

Location	Dec 08 Market Share	June 09 Market Share	Dec 09 Market Share	June 10 Market Share	+/- Percentage Change
Klang Valley	50%	60%	65%	67%	+17%
Penang	39%	60%	57%	60%	+21%
Whole Malaysia	43%	48%	51%	55%	+12%

Join KMDC CFP Financial Planning Online Community @ Facebook - www.facebook.com/MYCFP

All are welcome to join our newly created KMDC CFP Page at Facebook - the fastest growing social media in Malaysia and be connected with friends, classmates, clients, colleagues ...there are currently about 1.3 million users in Malaysia and still growing strong.

Build up your financial planning network through KMDC CFP Facebook Page!

Check up the latest information on CFP, receive invitations to financial planning events, seminars and workshops; share your thoughts and ideas on this new platform - yes, you can interact with friends and this platform; build and grow your online business network and get to know more new friends, and how about checking up these photos:- a few photo albums uploaded for your viewing pleasure, including: FPAM CFP Award Ceremony and KMDC CFP Award Presentation and Networking Night.

You may sign up for these events for free via this Facebook Page.

To view KMDC CFP new Facebook Page, please visit:

http://www.facebook.com/MYCFP

You are welcome to join in as FAN to receive future updates, especially invitation to our coming events, seminars and workshops.. In fact, this online community is open to ALL. If you do not have a Facebook account yet, you may sign up here:

http://www.facebook.com/r.php?locale=en_GB (it is just a few simple steps)

From now till December 31, 2011, we are offering a SMART PACKAGE for NEW learning members: Enjoy special rate at a discount of up to RM1700 when making one lump sum payment for all 6 modules. Only new learning members that are to commence CFP Module 1 are eligible. For the details, please click HERE.

Special Privileges for those residing outside Klang Valley but attending KMDC CFP sessions in KL/PJ

Frankly, we want to thank those of you who make such an effort to come to KL/PJ to attend KMDC CFP classes here -- there are learning members that fly from Sabah and Sarawak every week, or drive to KL/PJ from other cities and towns: Johor Baru, Kota Baru, Ipoh and other towns of Perak, Kajang, Melaka, Seremban, Port Dickson and from east coast states of Pahang, Kelantan, Trengganu, ... we are very touched by your support.

Thus, to show our appreciation, for the year 2009 onwards till furhter notice, all those who reside outside Klang Valley (KL/PJ/Subang Jaya/Ampang/Shah Alam and nearby areas) and coming to attend KMDC CFP classes conducted at our learning centres in KL or PJ, will be entitled to special privileges as follows:

A new career page for our CFP learning community and alumni is now available - you will find financial planning career news and resources including recruitment notice there.