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

GOOD NEWS! KMDC won 11 out of 12 FPAM CFP Awards in 2009! Among all the 12 top achievers in 2009, 11 are KMDC's learning members. Below is the list of KMDC high achievers:

*Excellence Awards – June 2009*
Module 1 Mokhtar Daud   Module 2 Chu Lai Yee
Module 3 Yong Chu Eu   Module 4 Teo Hwa See
Module 5 Tan Piek Chin

*Excellence Awards – December 2009*
Module 1 Cheong Weng Fei   Module 2 Chen Yok Ching
Module 3 Chen Yok Ching Module 4 Lew Kai Nun
Module 6 Choo Wai Yin

*Merit Awards – December 2009*
Module 5 Woo Chong You

Congratulations to all the winners!

KMDC CFP Award Presentation and Networking Night on March 20

March 20 (Saturday) evening - we will be hosting KMDC CFP Award Presentation & Networking Night and all winners and facilitators will be invited to this dinner and Award Presentation Ceremony. Veune: Du Veit Restaurant, Damansara Uptwon, PJ (same row as HSBC Bank), Time: 6:30pm onwards. All CFP leanring members, alumni and their friends or family members are welcome to join us, ticket price is RM50 per participant inclusive of dinner. Please contact Mr. Khoo (03-7712 3215) or Ms. Ong (03-7712 3211) to reserve your seat.

KMDC has done it again: with 600 candidates sat for the December 2009 Examination, we have achieved well over 85% pass rate. For the detail breakdown of the KMDC CFP examination results, please click HERE.

Module 1	90.28%
Module 2	95.08%
Module 3	81.36%
Module 4	81.82%
Module 5	78.38%
Module 6	88.18%
Total Average	85.78%

New CFP Intakes for 2010 commence in March 2010. There are two main intakes - March and April. Exam dates: June 19 & 20. The CFP TIMETABLE for March-June is NOW Available. For registration, please contact 03-7712 3388 or email: start@kmdc.com.my or download KMDC Application Form from HERE and fax it to 03-7712 3366 or 03-7726 9559

Below is the table that highlights the commencement date of the all the CFP classes offered form March to June, 2010:

KMDC CFP 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 Module 6: Financial Plan Construction and Professional Responsibilities

We have shifted all our CFP weekend classes from PJ Uptown and KL Downtown to KDU College at Damansara Jaya (DJ) from March 2010 onwards. This is mainly due to capacity issue. At KDU, we have more and bigger rooms to accommodate more students, classes and programmes. However, CFP weekday classes will still be conducted at Uptown Conference Centre. Our business office is still at the same place - Level 8, Uptown 1, Damansara Uptown. For all matters related to registrations, inquiries and adminstration, please contact our business office directly: 03-7712 3211 (Ms. Ong), 03-7712 3215 (Mr. Khoo), Fax: 03-7726 9559, 03-7712 3366, email: start@kmdc.com.my. Location map of KDU College, click HERE.

KMDC is planning to offer CFP courses in Johor Baru, Ipoh, Prai/Butterworth, Kuching and Kota Kinabalu. We are looking for people who are interested to become our part time program coordinators and part time facilitators. For the details of the positions, Please check our Recruitment Page and send your resume and application letter to start@kmdc.com.my. For those of you who do want us to go to your town to conduct CFP course, please do contact our Programmes Coordinator, Mr. Khoo (eskhoo@kmdc.com.my, Tel: 03-7712 3215, Fax: 03-7712 3366)

Latest: Islamic Financial Planning (IFP) Certification Program: Planning to Commence in April, 2010

Finally, we are almost ready to launch Islamic Financial Planning (IFP) Certification Program. Our emphasis is always on quality:- thus, before we could commence the IFP classes, we want to make sure we have roped in good facilitators. If things go well, KMDC will commence our 1st intake of IFP Module 1 & 6 in the coming April. for those of you who have completed CFP course, you will be entitled to go straight to IFP Module 6 Challenge Status. However, there is one prerequisite: you must also attend a special tutorial session before you commence your IFP Module 6 class. For more details, please click HERE.

Latest: The Missing Links in CFP Education (1): The Interpersonal Skills That Make You a Successful Financial Planner

It is important to have the interpersonal skills to be The Outstanding Financial Planner who emphatically understands the client's life and knows how to help their client. KMDC together with author cum speaker, Ms. Carol Yip, has developed a new programme, "Money Education - Smart Money-user" which teaches the basic fundamental of understanding a client, which is one of the missing links to the CFP course.

There are 4 units(modules), each unit will be a 1-day workshop and will be conducting on weekends;

Module 1: Know Thyself, Know Your Financial Future
Date: To be Advised; Time: 9:15am - 5:00pm; Venue: Uptown Conference Centre, PJ Uptown

Module 2: Learn How Money Works
Date: To be Advised; Time: 9:15am - 5:00pm; Venue: Uptown Conference Centre, PJ Uptown

Module 3: Turning Impossible Goals, Possible!
Date: To be Advised; Time: 9:15am - 5:00pm; Venue: Uptown Conference Centre, PJ Uptown

Module 4: Generate Effective Financial Plan
Date: To be Advised; Time: 9:15am - 5:00pm; Venue: Uptown Conference Centre, PJ Uptown

Financial planning has been a buzz word these few years. Many people talks about the opportunities it offers. But very few people know how to turn the financial planning knowledge into a profitable and satisfying practice.

This one day workshop will help you to explore the opportunity of financial planning in the way you never see it before. As the pioneer and leading fees-for -service financial planner in Malaysia, the speaker, Mr Yap Ming Hui will share with you proven financial planning business model in Malaysia from his close to a decade practising experience.

If you are interested to be a REAL financial planner and capitalise on the exciting business opportunity of REAL financial planning, you can’t afford to miss this eye-opening and thought-provoking workshop, facilitated by author cum speaker/trainer Mr. Yap Ming Hui.

For more information about this workshop, please visit:
http://www.kmdc.com.my/html/programmes/MDP/2009/FPS.html#3stages

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.

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.

We have upgraded and revamped the special tutorial sessions which are optional for Module 6 to EXAM BOOT CAMP!

For those about to take CFP Module 6 this coming semester, you probably notice that KMDC is offering a special Exam Boot Camp class (Class Code 606, 606A and 606B), This Special Exam Boot Camp Class for Module 6 is different from the normal Module 6 classes like 602 (Saturday class), 607 (Sunday class) and 611 (Friday 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.

There are two papers in Module 6 examination. Paper 1, 60 multiple choice questions and covers Modules 1-5 topics. Paper 2 is subjective and focus mainly on financial plan construction case study.

For this Exam Boot Camp, you have 3 choices:

1. 606A class, a 4-day workshop, covers Paper 1 syllabus;

2. 606B class, 3-day workshop, covers Paper 2 syllabus;

3. 606 class, 7-day workshop, covers both Paper 1 & 2 syllabus.

The tuition fees are very affordable:

KMDC Market Share increases to 51%, We are the Number 1 Leader and Growing Stronger!

KMDC CFP market share is on the rise, we have captured 51% market share in Malaysia.

In Klang Valley and Penang, where we have our learning centres, KMDC captures 65% market share in Klang Valley and 57% in Penang; while in whole Malaysia, our market share is 51% as of December 2009. This information is based on the statistics provided by FPAM.

Compare to 12 months ago (December 2008), KMDC market share has increased by 8% (whole Malaysia), while in Klang Valley, increased by 15% and Penang, increased by 18%! The table below provides you a glance of KMDC CFP current Market Share:

KMDC Market Share: December 08 Vs December 09

Location	Dec 08 Market Share	June 09 Market Share	Dec 09 Market Share	+/- Percentage Change
Klang Valley	50%	60%	65%	+15%
Penang	39%	60%	57%	+18%
Whole Malaysia	43%	48%	51%	+8%

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.

We currently have a few financial planning workshops coming up in the next few months. Speakers include authors and practitioners: Yap Ming Hui of Whitman Independent Advisors Sdn Bhd and Carol Yip of AbacusForMoney.com.

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.

From now till December 31, 2009, we are offering a new SMART PACKAGE for NEW learning members: Enjoy special rate at a discount of 27% 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, 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:

In Uncertain Times, Invest in Education and Prepare Yourself for the New Opportunities

We live in uncertain times. Global financial crisis, rapid changes...with financial markets so volatile and recession is on its way, even big companies are looking at cutbacks and layoffs to prepare themselves for economic storms. It’s a stressful time, and it is simply impossible to say whether you will have a job next month.

What should you do?

In those advanced countries, when there is a recession, you will notice that there is a huge increase in enrolment in universities and schools - working professionals are flocking back to schools to learn new things, to acquire new knowledge and new skills.. their strategy is simple and they are thinking long term: when the time is bad, then invest in education and prepare for the new opportunities ahead. By the time they graduate, the economic disaster will be history and their newly acquired skills or certificate or degree will definitely make them stay ahead of the rest.

“We're seeing an avalanche of applications," said Rutgers Business School Dean Michael R. Cooper. “Enrollment in business schools has skyrocketed during every weak economic period in the last 30 years.” Read more http://business.rutgers.edu/files/nj_biz_nov08.pdf

CFP - A More Practical Alternative to MBA

If you or your friends are underemployed and/or want to improve your career prospects through education. Here is another suggestion. Obtain a certificate in financial planning and become a Certified Financial Planner. In an MBA program, you will learn (and soon forget) exciting things like “leadership” and “management”, all of which are better learned on the job. As a CFP, you will learn practical financial skills that you can apply for the benefit of others and for yourself. Read more on toughmoneylove.com

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.

For more information about this workshop, please visit: http://www.kmdc.com.my/html/programmes/MDP/2009/FPS.html#3stages

CFP - A More Practical Alternative to MBA

For more information about this workshop, please visit:
http://www.kmdc.com.my/html/programmes/MDP/2009/FPS.html#3stages