IBF Standards Level 1: Client On-boarding and Advisory
About the IBF Standards
The IBF Standards (formerly known as the Financial Industry Competency Standards or FICS) represents a set of competency standards developed by the industry, for the industry. It provides a practice-oriented development roadmap for financial sector practitioners to attain the necessary training to excel in their respective job roles. Covering 13 industry segments spanning more than 50 specialisations, the IBF Standards offers a comprehensive suite of accredited training and assessment programmes to guide a financial sector practitioner from licensing examinations on through to professional certification across 3-levels: IBF Qualified (for new entrants); IBF Advanced (for senior practitioners and specialists); IBF Fellows (for industry veterans).
In 2016, the ASSOCIATE FINANCIAL PLANNERCM, ASSOCIATE WEALTH PLANNERCM and CERTIFIED FINANCIAL PLANNERTM Certifications has been awarded the IBF-QUALIFIED and IBF-ADVANCED standards respectively. In order to be recognised as IBF- QUALIFIED or IBF-ADVANCED, AFP/AWP and CFP practitioners who attained their certifications before 31 Dec 2016 will can apply for this certification by attending a CPD program which comprises of 2-hour training, immediately followed by an assessment (1 hour) based on Multiple Choice.
Existing AFP/AWP practitioners who wish to be recognised under the IBF Standards can attend a special CPD Training Programme, "Client On-boarding and Advisory" to attain the IBFQ certification status while existing CFP practitioners who wish to be recognised under the IBF Standards can attend the special CPD Training Programme, "Business Succession Planning" to attain the IBFA certification status.
About IBF Certification for Level 1 Programme - Client On-boarding and Advisory
A practitioner who successfully completes an IBF Level 1 CPD Training Programme will be will be conferred the IBF Qualified (IBFQ) certification status. The certified practitioner is entitled to use the qualification title “IBFQ” and the following certification mark:
A practitioner with an IBFQ certification status is one that is equipped with broad-based capabilities and foundation competencies to be ready to undertake new roles. An IBF-certified practitioner is one who epitomizes the values of professional excellence, integrity and a strong commitment to industry development.
Find out more about IBF certification and its benefits here
Programme Curriculum - Client On-boarding and Advisory
This Training Programme comprises of the following elements:
- Client Acquisition
- Financial Plan Construction
- Financial Plan Review
- 1-hour assessment comprising 30 MCQ questions, immediately after the course
- Programme Facilitators: Mr Lim Chung Wei and Mr Ronald Wong
Upon successful completion of this program and passing the assessment, AFP/AWP practitioners will be awarded the IBFQ certification.
Client On-boarding and Advisory Training Programme and Assessment Fee: $210, ($63 after 70% IBF-STS funding*)
*Eligibility Criteria applies (refers to IBF webpage https://www.ibf.org.sg/programmes/Pages/IBF-STS.aspx )
About the Institute of Banking and Finance Singapore
The Institute of Banking and Finance Singapore (IBF) was established in 1974 as a not-for-profit industry association to foster and develop the professional competencies of the financial sector. IBF represents the interests of close to 200 member financial institutions covering banks, insurance companies, securities brokerages and asset management firms.
In partnership with the financial industry and training providers, IBF is dedicated to empowering practitioners with capabilities to support the growth of the Asian financial industry and to promote the Asian standard of excellence for practitioners in finance.
Working hand-in-hand with the individual practitioner and the industry, IBF aims to elevate individual competency whilst raising industry standards.