.:: Certified Financial Planner (CFP) - KMDC CFP Programme: Requiremnts and Options ::.

Overview	\| Requirements	\| Enrolment	\| Timetable	\| Fees	\| Exemptions	\| Results&Awards	\| Career	\| Promotions
Benefits	\| Course Outline	\| Examination	\| Facilitators	\| FAQs	\| Islamic FP	\| News & Events	\| Links	\| Contact Us

The programme offered in Malaysia is both internationally and locally recognised. KDU MAnagement Development Centre (KMDC) is the leading education provider of CFP programme in Malaysia.

The CFP certification programme evolves around ‘4Es’ – Education, Examination, Experience and Ethics – which are the cornerstones of the professional. The certification course consists of six (6) modules with 40 hours of classroom-based lectures per module followed by examinations. Candidates who have completed the AFPM programme (Module 1) will go through only the last five (5) modules. Shortest time frame to complete the programme is 18 months. Candidates taking the AFPM or certification will be required to first be Trade Members of the Financial Planning Association of Malaysia (FPAM).

Education requirement

In Malaysia, with effect from 1^st July 2002, members can select any of the 3 option to complete the CFP^CMcertification course.

Three Options

Option A - CFP Certification Course

Members without any relevant qualifications are required to sit for the whole certification course, which comprise of Module 1 to 6. This is presently offered to our members by our Education Providers (EP). Below are the 6 Modules in the certification course.

Module 1 – Foundation in Financial Planning

Module 2 – Risk Management and Insurance Planning

Module 3 – Tax Planning

Module 4 – Investment Planning

Module 5 – Retirement Planning and Estate Planning

Module 6 – Financial Plan Construction and Professional Responsibilities

Shortest time frame to complete the programme is 18 months.

Minimum academic requirements: An SPM qualification or equivalent.

go to Top

Option B – Partial Exemption on Modules

FPAM recognizes that certain professional qualifications cover some of the components in financial planning and have decided to waive certain Modules for eligible members. Holders of these degrees and/or credentials are exempted from the following modules:

Qualification	M 1	M 2	M 3	M 4	M 5	M 6
Registered Financial Planner (RFP)	x	x	-	-	-	-
Chartered Financial Practioners (Namlifa)	x	-	-	-	-	-
MII Dip. in Financial Planning	x	-	-	-	-	-
Chartered Life Underwriters	x	x	-	-	-	-
Life Underwriters Training Council of Fellows	x	x	-	-	-	-
Graduate Diploma in Applied Finance and Investment	x	-	-	x	-	-
Member of Malaysian institute of Taxation	-	-	x	-	-	-
Bachelor Degree (Finance/Accounting/Economics) - must included taxation module	-	-	x	-	-	-

* X denotes exemption

Click here for the document for applying for partial exemption (PDF file).

go to Top

Option C – CFP Challenge Status

Members having the following qualification and/or professional credentials and have gained 3 years of personal finance related experience are eligible to apply for the challenge status. This challenge status is only open for Malaysians.

1. Qualifications:
· Professional Accountants (MIA, CPA (M), CPA (Aust.), AICPA, CA, ACCA, CIMA and AIA.)
· Chartered Secretaries (ICSA & Fellow of MACS)
· Chartered Financial Consultants (CHFC)
· Chartered Financial Analysts (CFA)
· Doctorate in Business Administration (DBA)
· PhD (Business, Accounting & Economics)
· Masters (Business Administration/Finance/Economics/Accounting) from accredited universities

2. Members must have 3 years of personal finance related experience which can be in any or all the following areas: Insurance, mutual funds, securities, asset management, accounting, estate planning, banking, taxation, trusts, retirement planning and financial planning. (For definition of relevant financial planning experience, please click here)

3. There will be three (3) consecutive examination attempts only for the challenge status commencing immediately after obtaining approval from FPAM. After the 3 attempts or non-attempts, they must enroll for the normal certification examinations.

Click here for the document for applying for Challenge Status (PDF file).

How to apply for 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:

go to Top

Secure Your Future: Invest in Financial Planning Course

Additional requirements

Complete the relevant forms, trade member application form and documents with duly certifies certificates and academic transcripts. Working experience from present employer must be under the employer’s letterhead. Upon approval, a reference number will be allotted.

Application for exemptions under Option B or challenge status under Option C must be at least one month before the registration for any examination and must be submitted individually. Failure to comply will result in your application not being processed in time for your next examination.

Re-certified every two years

Once enrolled, an Associate or Certified Member is expected to maintain his technical competence and fulfill the profession’s ethical obligations by completing a minimum of 30 hours of continuing education (CE) respectively, every two years. This is to ensure the members are current with developments in the financial planning profession in order to better serve their clients.

CE points can be accumulated through approved financial planning seminars, International Financial Planning Annual Conferences organized by FPAM and subscription of certain approved magazines.

go to Top



	Select one or more mail lists to subscribe to: CFP & Personal Financial Planning Course Finance/Accounting/CPA/CFA Course Human Resource/In-House/Corporate Training programme Project Management Programme Sales, Social Media & Marketing Programme Executive/Management Development Programme Email address