- The Certified Financial Planner in Singapore
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What Financial Planning is.
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A Process to design personal financial for individual lifestyle goal
- To establish relationship with client
- To gather client data and goals
- To analyze and evaluate the client's financial status
- To propose solution approach
- To implement the financial planning approach
- To monitor the financial planning approach
- 6 key steps (EGAPIM)
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Financial Planning Association of Singapore (FPAS)
- Affiliated to FPSB in Dec 1998
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Non profit association
- A Singapore Professional organization for Financial Planning industry
- To represent qualified financial planners
- The first member of the council in Asia region (outside of Janpan and Australia)
- The tenth member of the council internationally
- No.of Certified: 827 in 2011
- Salary Range2011: 4,991.80 - 23,641,577.33 baht
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Certification(s)
- CFP
- AWP
- AFP
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Education Providers
- Financial Perspective Pte.,Ltd
- Kaplan Financial (s) Pte Ltd
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Benefit of CFP in Singapore
- Consumers Demand "The Professional Financial Planner"
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To realize the root-cause of the Need in Financial Plan for singaporean
- Retirement Plan
- Job Security
- More Complexity in Financial Products
- Asian Crisis and Uncertainty Global Stock Markets
- The need for Professional Financial Planner
- Ratio of CFP per Taxpayee: 1:3903 as of Dec2011
- FPAS Certification Progression