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A Financial Planner typically prepares financial plans for his or her clients. The kinds of services financial planners offer can vary widely. Ideal financial planners analyse every aspect of their clients' financial life — including saving, investments, insurance, taxes, retirement, and estate (inheritance) and help them develop a detailed strategy or financial plan for meeting all your financial goals. Such ideal financial planners are independent, not tied to any bank, insurance or investment companies, and act wholly for the interest of their clients. They do not receive any commission for any financial products bought by the clients, these independent financial advisers only receive fixed fee for their service. In Malaysia, financial planning profession is still very new despite being introduced more than 15 years ago through Insurance Act 1996. This is largely due to monopoly of financial advisory service by banks, financial institutions, as well as unit trust and insurance companies. It is already a norm to see young bank employees labelling themselves as someone who can advise financially or insurance agents who declare themselves as Financial Planner although they are actually product salesmen or agent who act for the interest of their employers or principals. These financial advisory personnel and financial planners earn income largely from commission from sold products, thus, they tend to advise clients in buying products rather than advising solely for clients' interest. Another major obstacle is the lack of financial expertise among front liners in financial planning industries. Usually, the pundits, namely, chartered accountant and tax advisor are the one who undergo difficult process to obtain the relevant financial knowledge and qualification. These professionals grasp in-depth technical financial knowledge should be the one who give advice to clients in relevant financial matters, but these experts usually shun the industry as they view the fee received as too low for work done for each individual client. Without the real pundits, product salesmen or sales agents are the only ones left in these industry for public to rely on for consultation. They usually either secondary school graduates or university graduates who study non-financial fields. In Malaysia, those who practice as Financial Planner must pass any one of below examinations : 1) Registered Financial Planners issued by Malaysian Financial Planning Council (MFPC) 2) Certified Financial Planners (CFP) issued by Financial Planning Association of Malaysia (FPAM) ==Financial advisers in insurance== Section 9 of Insurance Act 1996 requires a person carrying on financial advisory business'' in Malaysia to hold a Financial Adviser’s license unless he is exempted under section 9(3) of the Act. The Act defines Financial Adviser as a person who carries on financial advisory business. The Act and Bank Negara specifically limit its ambit only to those practitioners who deal with insurance products. Financial advisory business means any or all of the following services:- (a) analysing the financial planning needs of a person relating to insurance products; (b) recommending the appropriate insurance products; (c) sourcing insurance products from a licensed insurer; (d) arranging of contracts in respect of insurance products; or (e) other financial services as prescribed by Bank Negara. In order for Bank Negara to consider an application for a Financial Adviser’s license, an applicant must meet the following criteria:- Establishment Requirements a) A Body Corporate An applicant for FA licence must be a body corporate registered with the Companies Commission of Malaysia. b) Minimum Capital Funds A FA must have minimum capital funds unimpaired by losses of RM100,000. c) Shareholding Composition The corporate body must be at least 30% Malaysian owned. d) Chief Executive Officer (CEO) The CEO of a FA must satisfy the fit and proper criteria as prescribed under the Act and comply with the circulars/guidelines on corporate governance issued by the Bank from time to time. The appointment of a CEO is subject to the Bank’s approval under Section 70 of the Act. e) Board of Directors The directors of a Financial Adviser must satisfy the fit and proper criteria as prescribed under the Act and comply with the circulars/guidelines on corporate governance issued by the Bank from time to time. The appointment of directors is subject to the Bank’s approval under Section 70 of Insurance Act 1996. At least one of its directors shall be a Financial Adviser’s representative. f) Employee Composition The Financial Adviser shall endeavour to maintain an employee composition that is in line with the economic policy of Malaysia in terms of Bumiputera staff composition of 30%. g) Professional Indemnity Insurance The Financial Adviser must have professional indemnity insurance coverage of at least RM200,000 net of deductibles. Each Financial Adviser is allowed to hire employees in dealing with clients. These employees who advise clients are called Financial Adviser’s Representative. Requirements for a FA’s Representative a) Age Financial Adviser's Representative must at least 21 years old. b) Resident Financial Adviser’s representative shall be a resident in Malaysia. c) Qualifications The applicant must possess:- d) a Registered Financial Planner qualification as conferred by the (i)Malaysian Financial Planning Council (MFPC); (ii) a Certified Financial Planner (CFP) qualification; (iii) a Chartered Financial Consultant (ChFC) qualification; or (iv) other professional qualifications as specified by the Bank from time to time. e) Commitment The Financial Adviser’s representative shall be engaged by a FA on a full-time basis. f) Continuous Professional Development Programme The representatives of Financial Advisers must attend a minimum of 20 points of Continuous Professional Development (CPD) programme each year. The type of courses which qualify for the CPD points will be drawn up by the Malaysian Financial Planning Council, and shall include both relevant technical and non-technical courses. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Financial Planners in Malaysia」の詳細全文を読む スポンサード リンク
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