The CERTIFIED FINANCIAL PLANNERTM credential is the most desired and respected global certification for those seeking to demonstrate their commitment to competent and ethical financial planning practice. CERTIFIED FINANCIAL PLANNERTM professionals meet initial and ongoing education, experience and professional development requirements, pass a rigorous exam that assesses competency, and adhere to a code of ethics, pledging to provide financial planning in the interests of clients and with the highest ethical and professional standards.

The Value and Benefits of AFPCM / AWPCM / CFP®  Certification

By completing internationally recognised initial and ongoing CFP® certification requirements, a CERTIFIED FINANCIAL PLANNERTM professional demonstrates to clients and potential clients a commitment to professionalism and that she or he has met rigorous competency, ethics and professional practice standards to provide comprehensive financial planning services. CFP® certification benefits a variety of individuals and groups, including:

  • Public
  • Practitioners
  • Firms
  • Regulators

Learn how each stakeholder group values CFP® certification by clicking on the tabs below.

Satisfied, Confident, Knowledgeable and Successful at Sticking to Strategies

CERTIFIED FINANCIAL PLANNERTM professionals are trusted financial professionals who work with individuals and families to review all aspects of their financial affairs and recommend practical, easy-to-understand solutions for every life stage. FPSB’s research with more than 19,000 consumers worldwide showed:

Those who work with a CERTIFIED FINANCIAL PLANNERTM professional feel more strongly confident about their financial situation than those managing their own finances or working with a different type of financial adviser.

Consumers who have a written, comprehensive plan are nearly three times more likely to feel strongly confident about achieving their life goals.

View the infographics

Life’s Better with a CERTIFIED FINANCIAL PLANNERTM Professional

When seeking objective, expert and trusted financial planning advice, consumers can look to the CFP® certification marks – CERTIFIED FINANCIAL PLANNERTM professionals have agreed to adhere to a rigorous Code of Ethics and Professional Responsibility that requires them to place clients’ interests ahead of their own. Consumers gave CFP® professionals high marks on:

  • Honesty and integrity
  • Placing client’s interests first
  • Understanding client’s needs and goals
  • Explaining financial matters in simple terms

View the Infographic

Source: FPSB

Career Advancement and Satisfaction, Income Growth, Better Able to Keep Clients

FPSB partnered with Cerulli Associates to survey more than 3,500 CERTIFIED FINANCIAL PLANNERTM professionals, representing private and retail banking, independent financial advisory and financial planning firms in six territories around the world, about the benefit of pursuing CFP® certification. The CERTIFIED FINANCIAL PLANNERTM professionals told us, that after receiving their CFP® certification:

  • Among those seeking to advance their careers, 37 percent earned a promotion, got a new job or started their own practice.
  • 57 percent reported growing their client base in the 12 months following their certification.
  • 63 percent saw their income grow in the 12 months following their certification.
  • 72 percent reported increased satisfaction with their careers.
  • 87 percent expected to be able to keep clients longer.

View the Infographic

Source: FPSB

More Revenue, Fewer Complaints, Satisfied Clients

FPSB’s international study conducted with 92 financial services firms in 12 territories representing over 120,000 financial advisors showed why the majority of firms plan to grow their number of CERTIFIED FINANCIAL PLANNERTM professionals:

  • 59 percent of firms reported that employing CFP® professionals led to fewer client complaints.
  • 69 percent of firms reported that employing CFP® professionals lowered corporate risk.
  • 69 percent of firms reported that CFP® professionals have a higher rate of growth of assets under management.
  • 76 percent of firms found that employing CFP® professionals led to increased client retention.
  • 79 percent of firms plan to grow the number of CFP® professionals.
  • 84 percent of firms said employing CFP® professionals had a positive impact on client satisfaction within the firm.

View the Infographic

Source: FPSB

For Regulators, Legislators and Governments

The Global Financial Planning Community Supports Good Outcomes For Consumers and the Profession

Competent, ethical financial planners follow a client-centric, process-driven approach to provide comprehensive advice and solutions that consider all aspects of a client’s financial situation and needs – even if those needs are unstated or not fully understood by the client. The advice or recommendations provided by a professional financial planner may include the sale of a product. Regardless, CERTIFIED FINANCIAL PLANNER professionals are expected to provide financial planning advice and recommendations in the client’s best interests.

FPSB welcomes enforcement of appropriate standards for the financial planning profession, and believes that regulators, legislators and government bodies should recognize financial planning as a distinct, professional practice. FPSB also believes that financial planning should be regulated in a manner consistent with established professions, such as medicine, law and accounting.

Governments should recognize that financial planning is still a new and emerging professional practice in many territories around the world. Effective regulation of professional services such as financial planning is best achieved through a collaborative effort among governments and professional bodies, where governments set the regulatory expectations of practice, market integrity and consumer protection, and professional bodies determine professional norms, conduct expectations and education and certification requirements that foster consumer and government confidence in the profession.

Read FPSB’s Position Paper on

Oversight of the Financial Planning Profession (PDF)

Source: FPSB

  • The CFP® designation stands out because of the rigorous education, examination, ethical requirements, extensive industry experience, and continuing education requirements.
  • Gaining clients’ trust is a critical factor for success and CFP® practitioners adhere to high standards of competence and professional ethical practices. A CFP® professional is highly sought after for their trained ability to provide the public with comprehensive and steadfast holistic and objective financial advice.
  • The strength of the CFP® mark lies in the broad-based qualification that is independent of any one industry. Therefore, CFP® practitioners are recognized to be objective professionals because of their unbiased and practical approach.
  • A CFP® Professional is resilient and professional in their dealings with clients. As at February 2019, there is currently 181,360 CFP® professionals worldwide in 27 territories and this number is rising rapidly.
  • In Asia, there is a growing number of over 55,000 CFP® Professional as at 2017!
  • As at 2019, there is less than 1,500 fully certified CFP® Professionals in Singapore!

Benefits Of The CFP® Certification Education Program

  • Obtain the most internationally prestigious and globally recognized financial planning designation
  • Attain a broad-based qualification that is useful in the financial & wealth management industries
  • Earn your credibility with the public
  • Provide better service to clients with your enhanced knowledge
  • Increase your work productivity and efficiency
  • Learn and apply all aspects of the financial planning process
  • Develop expertise in insurance, investments, retirement, tax and estate planning
  • Enhance your career growth and professional experience
  • Gain insights on securing your financial dreams

The CFP® Certification Education Program is suitable for anyone seeking highly rewarding career opportunities in the financial advisory and wealth management industries. Individuals who wish to stand out and gain credibility amongst the public and their peers with the highly respected professional AFPCM, AWPCM and CFP® designation(s) in the following capacities such as:

  • Consumer Bankers
  • Private Bankers
  • Financial Advisors/ Consultants
  • Wealth Managers
  • Insurance Advisors/ Specialists
  • Retirement Specialists
  • Accountants
  • Trust Officers/ Estate Planners
  • Lawyers
  • Investment Advisors/ Portfolio Managers

Fresh graduates looking for a head start in their career and individuals from other non-finance industry seeking a mid-career switch to the Financial Services Industry will also find this program beneficial new career progression.

The CFP® Certification Education Program adopts a client-centered, problem-solving approach using real-life case studies. The course comprises of 6 different modules and equal emphasis is given to a broad range of financial planning disciplines. Students gain proficiency in these disciplines and are equipped to engage in the financial planning process on behalf of their clients. A Singapore-localized curriculum that meet the IBF Standards curriculum requirement is used to ensure the content is applicable to the local context to develop a sound, client-centric financial plan. The six course modules are:

Module 1: Foundations in Financial Planning

The first module is a self-contained course (also referred to as the AFPCM Certification Education Program), covering a broad range of professional financial topics that form the foundations of the career of any financial services professional. This module is comprehensive and provides a complete overview of the financial/ wealth planning process, a review of all the financial products and instruments, as well as a review of the legal, ethical and regulatory issues affecting financial planning in Singapore. Upon successful completion of the course, students are eligible to earn the AFPCM certification whilst continuing on with the remaining modules leading to the CFP® certification. Candidates who successfully obtain the AFPCM certification can also apply for the IBF Qualified (IBFQ) Certification with the Institute of Banking and Finance (IBF) in Singapore, if they meet the qualifying criteria set by the IBF.

Module 2: Risk Management and Insurance Planning

The transfer of risk through the use of insurance is a principal method of handling risk exposures. This module examines the principles of risk management and insurance to identify a client’s risk exposures and to select appropriate risk management techniques. This module also reviews insurance contracts pertaining to both life and general products, and provides practical insurance checklists. Analysis of medical disability and life insurance needs and methods of determining products best suited to clients’ needs are also examined.

Module 3: Tax Planning and Estate Planning

Taxes can affect various financial decisions and having knowledge of tax laws and related issues will generally enhance the effectiveness of a financial/ wealth planner. This module aims to increase a student’s knowledge and skills in the area of tax planning, by providing an overview of the major components of tax. Estate Planning is a critical element of a complete financial plan and students are introduced to the process of developing an estate plan.

Module 4: Investment Planning

Having the knowledge to evaluate and choose the right investments is basic to the implementation of a sound financial plan. This module reviews all categories of investments, client assessment techniques, economic factors, risks and return analysis, valuation methods, asset allocation techniques, portfolio management, investment strategies and performance evaluation methods.

Module 5: Retirement Planning

As Singapore’s population ages, it is critical that financial service professionals know how to advise clients to achieve a secure retirement through proper planning. This module teaches retirement needs, analysis techniques and the process to be used when developing a retirement plan. Retirement considerations for the self-employed, retirement counseling, the Central Provident Fund (CPF) and other schemes will also be reviewed.

Module 6: Financial Plan Construction and Professional Responsibilities

This final module builds upon the earlier modules and integrates all aspects of personal finances that are required for constructing a comprehensive financial plan. Students will learn how to gather and analyze client data, develop, recommend and implement appropriate strategies, and finally the important aspects related to the ongoing assessment of financial plans.

A review of the legal, ethical and regulatory issues affecting financial/ wealth planners will also be covered. This includes client-centered, problem-solving method using case studies to give students a hands-on approach to the study material.

Candidates who successfully obtain the CFP® certification can also apply for the IBF Advanced (IBFA) Certification with the Institute of Banking and Finance (IBF) in Singapore, if they meet the qualifying criteria set by the IBF.

AFPCM – Associate Financial Planner (IBFQ)

Introductory Level

Module 1: Foundations in Financial Planning

The AFPCM certification is an entry-level certification obtained after the successful completion of the Module 1 of the CFP® certification education program. It certifies that the individual is competent to recommend general financial planning strategies and advise on the selection and use of appropriate financial products, e.g. insurance, unit trusts and a broad range of securities and banking products.

This entry-level certification is highly recommended for basic level financial literacy for everyone. Lessons covered in this module include understanding the Financial Planning Process, Cash Management & Budgeting, Time Value of Money, Business Statistics & Basic Investment Concepts, Basic Economic Structure, Government Policies and Investment Analysis, Investment Planning Products, Retirement Planning, Risk Management and Insurance Planning, Income Tax and Estate Planning, Code of Ethics and Regulatory Controls.

In addition, individuals who wish to be certified as AFPCM practitioners must meet the following requirements, namely:

Education (Required for all 6 Modules)
Enrol for the CFP® certification education program with an approved Education Provider and completing a comprehensive course of study that meets standards set by FPAS.
[You can either enrol for classroom tutorial study option or self-study/distant-learning option]  

Examination (Required for all 6 Modules)
Successful completion of all 6 Modules of the CFP® certification education program within 7 years as required by FPAS. The examination assesses and validates a candidates’ ability to apply integrated financial knowledge to real client situations.

AWPCM – Associate Wealth Planner

Intermediate Level

Module 1: Foundations in Financial Planning

Module 4: Investment Planning

Module 5: Retirement Planning

The AWPCM certification is obtained after successfully completing Modules 1, 4 & 5 of the CFP® certification education program. It certifies that the individual has the expertise to advise on retirement planning, wealth accumulation and preservation strategies, in addition to the capability to recommend general financial planning strategies.

You must successfully complete Module 1, Module 4 & Module 5 (Foundations in Financial Planning, Investment Planning & Retirement Planning) of the CFP® Certification Program and pass the respective certification examination to be awarded this certification mark.

CFP® – CERTIFIED FINANCIAL PLANNER™ (IBFA)

Advanced Level

Module 1: Foundations in Financial Planning

Module 2: Risk Management and Insurance Planning

Module 3: Tax Planning and Estate Planning

Module 4: Investment Planning

Module 5: Retirement Planning

Module 6: Financial Plan Construction and Professional Responsibilities

The CFP® certification is obtained after successful completion of all 6 Modules of the CFP® certification education program. The CFP® mark is internationally recognized and is the most highly sought after professional designation by financial planners and wealth managers globally.

CFP® practitioners are qualified to provide professional advice with regard to all aspects of financial/ wealth planning and to write comprehensive financial plans that meet strict international standards. By adhering to ethical standards, financial planning professionals agree to provide financial planning in the interests of clients and with the highest ethical and professional standards.

In addition, individuals who wish to be certified as CFP® practitioners must meet ALL the four E’s of the certification requirements, namely:

Education (Required for all 6 Modules)
Enrol for the CFP® certification education program with an approved Education Provider and completing a comprehensive course of study that meets standards set by FPAS.
[You can either enrol for classroom tutorial study option or self-study/distant-learning option]  

Examination (Required for all 6 Modules)
Successful completion of all 6 Modules of the CFP® certification education program within 7 years as required by FPAS. The examination assesses and validates a candidates’ ability to apply integrated financial knowledge to real client situations.

Ethics (Required for all 6 Modules)
Agree to abide by a professional Code of Ethics and Practice Standards stipulated for all FPAS members that defines responsibilities to the public, clients and employers

Experience (Pre-requisite at the point of applying for the CFP® Certification)
Satisfy 3 years of relevant work experience to ensure candidates possess financial counselling skills in addition to knowledge.

Enrolment Criteria

Applicants who wish to apply for the CFP® Certification Education Program must fulfill the following criteria:

  • EITHER GCE ‘A’ Level Certificate (i.e. 2 ‘A’s and 2 ‘O’s), or Diploma, or
  • Minimum 3 years of working experience in any profession

Enrolment Procedures

Important Notes

  • To meet the “Education” requirement, candidates must register with a FPAS Approved Education Provider (EP) to enrol for the program under Classroom Tutorial, or Self-study/Distance Learning option, before attempting the examination
  • Candidates must register as a new student with the FPAS in order to register for any FPAS examination. The examination fees are provided by FPAS as follows:
ModuleFees Payable to FPAS (Excluding GST)
Module 1$3001
Module 2 - 5$180 each
Module 6$280

1$300 applies to new student registration subsequent M1 exam fee is $180

2Fees quoted does not include GST payable from 14th Dec 2019 onwards.

Under the MAS Enhanced Training Support for IBF-STS Programs (i.e. CFP), exam fees will also enjoy IBF-STS Funding support, currently at 95%.

New Students

  1. If this is your first time signing up for the CFP® Certification Education Program, please fill up the CFP® Course Registration Form and submit the following documents online:
    1. Local Students: NRIC or Passport identification
      Foreign Students: Employment Pass or Student Pass
    2. Business card or Staff pass (if available)
    3. Student metric card/ entry confirmation letter (for Tertiary Students)
    4. Certificate of highest academic level attained (i.e. Degree/ Diploma)
    5. Exemption Letter issued by FPAS for module(s) granted exemption (if applicable)
    6. All our study materials will be available online via the LMS (e-learning portal). You do not need to come to our office. Course fee payment can be made online via PayNow UEN (199604795C) or via cheque mailed to our office. Please refer to the enrolment terms and conditions found in the course registration acknowledgement email we sent to you. Your course registration is only confirmed upon receipt of payment.

Existing FP Students

For existing students, please submit the CFP® Course Registration Form online with the respective course fees. Take note that we no longer provide the PassAssure Option. All our study materials will be available online via the LMS (e-learning portal). You do not need to come to our office. Course fee payment can be made online via PayNow UEN (199604795C) or via cheque mailed to our office. Please refer to the enrolment terms and conditions found in the course registration acknowledgement email we sent to you. Your course registration is only confirmed upon receipt of payment.

Foreign Students

  • Foreign students who holds a valid Singapore Employment Pass or Student Pass may refer to procedures under “New Students” above.
  • Foreign students who are not residing in Singapore are required to submit your supporting documents to FP for enrolment review before acceptance into the program. Please email supporting documents for enrolment review to us.

Financial Perspectives is committed to helping our students better prepare for the CFP® certification examinations. Our team of lecturers are committed to helping you pass on your first exam attempt.

To cater to different learning needs, we offer two different study options for candidates taking the CFP® Certification Examination:

Virtual Classroom Option

Due to COVID-19, all lessons will be moved to virtual classroom during this period. For candidates who prefer a structured learning process by attending a series of classroom tutorials for each module
  • Conducted by FP’s dedicated and experienced lecturers
  • Course content reinforced with additional content (e.g. slides, notes, quiz questions) to help candidates to focus and understand key areas of the assessment components
  • Supplementary interactive e-learning course-ware and teaching videos in “reverse classroom” format to reinforce learning and retention
  • Practice exam & review of solutions to reinforce key concepts
  • Personal help and direct access to mentoring with our lecturers
Online Study Materials*:
     1. Over 20 hours of Classroom Tutorial Sessions per module
     2. Tutorial Slides
     3. E-Study Guide (for ALL Modules)
     4. CFP® Power Juice (available for Modules 1, 4 and 5 only)
     5. Over 50 hours worth of supplementary content (videos, webinar recordings, online practice papers, interactive e-learning course ware, etc) hosted on our Learning Management System *
NOTE: *Candidates are eligible to MAS Enhance Training Support (IBF-STS) Subsidy of 95% of Course Fee. Candidates can register as a company-sponsored candidate or a self-sponsored candidate (subject to qualifying conditions).
*Online materials are accessible for the registered intake only. Course e-guides will be available for 2 years from the registered exam cycle (access to course e-guides are valid for 6 exam cycles). FP reserves the right to make changes whenever necessary without prior notification.

Self-Study / Distant Learning Option

For candidates who prefer to study independently without attending classroom tutorials. NOTE: THIS OPTION DOES NOT QUALIFY FOR IBF-STS FUNDING
  • Caters to working professionals and individuals who have a tight work schedule
  • For individuals who are unable to commit to a fixed lecture structure
  • Popular with candidates who are based overseas and travel frequently
Online Study Materials*:

1. CFP® Power Juice (available for Modules 1, 4 and 5 only) and in-house E-study guide (all modules)
2. Over 50 hours worth of supplementary content (videos, webinar recordings, online practice papers, interactive e-learning course ware, etc) hosted on our Learning Management System *
NOTE: For Self-Study option, candidates are NOT ELIGIBLE for IBF-STS Funding support.

*Online materials are accessible for the registered intake only. Course e-guides will be available for 2 years from the registered exam cycle (access to course e-guides are valid for 6 exam cycles). FP reserves the right to make changes whenever necessary without prior notification.

About Our Study Materials

1) Financial Perspective’s E-Study Guidebook

This is our own in-house study guide that candidates may refer to for their reference, hosted on our LMS online.

2) THE CFP® POWER JUICE E-Guide – EXAM Revision E-GUIDE FOR MODULES 1, 4 and 5

The CFP Power Juice complements the FPAS e-guidebook and our in-house e-Study Guidebook to help students be better prepared for the exam, very much like what traditional exam revision flashcards do – they are meant to be a compact “last minute refresher” and is NOT meant to replace the study guides or classroom and online LMS learning materials. The Power Juice contains key concepts and formulas which is an invaluable tool for candidates preparing for the exams in the final hours. There is no Power Juice for Modules 2 and 3 due to the nature of the modules’ content, the summarised format of knowledge delivery is not ideal. There is no Power Juice for Module 6 – we will instead focus on revision using a case-study approach, reinforcing time management and exam-strategies to manage the final examination.

3) Tutorial Slide Pack

This is provided for candidates who sign up for the Classroom-Tutorial Option to be used in the tutorial sessions.

4) Exam Preparation Class

Our qualified and experienced trainers will provide intensive coaching in key areas of the syllabus and guidance on handling the exam questions with strategies and techniques in this session. Using practice exam paper, the trainer will engage candidates in discussions of the practice questions and work out the solutions systematically. Through this revision session, candidates gain invaluable insights, which will help them to be better prepare themselves for the examination.

5) Additional E-Learning Content and Exam Practice Support

To assist candidates in preparing for the FPAS administered examinations, we have also provided candidates with additional e-learning content, revision videos, and practice examinations via our LMS portal.

The e-learning portal contains interactive e-learning content, additional video lessons, exam revision breakdown and walkthrough, calculator workshops and other supplementary materials. This blended learning approach allows candidates to have more interaction and revision time with their lecturers and also serves as an added boost to their exam preparation.

The practice exam simulations to help candidates determine their level of preparedness, competency and comprehension of the assessment components and to identify weak areas – essential preparation for passing the examinations. Passing the examination is a mandatory component to be eligible for IBF-STS funding support and to receive the Training Allowance Grant (TAG) for those taking the classroom-tutorial option.

Under our 2020 Exam Practice Support policy, candidates who fail their examination will continue to have access to the online portal for their revision for the next 3 exam cycles until they pass. To encourage candidates to complete their module within the CFP® certification time frame of 7 years, there is a validity period of three (3) exam cycles for each module from the date of registration.

6) Student Support

FP provides excellent student support with regards to our courses. Candidates can call or email their queries to support@fp-edu.com and our lecturers will provide detailed answers. We are true to our commitment to help candidates pass their exam on their first attempt!

Module 1 Virtual Class Schedule

You can attempt a maximum of 3 modules in one exam cycle, with Module 1 a compulsory module to enrol if you are a new entrant into the AFPCM, AWPCM or CFP® Certification Education Program.

You can attain the AFPCM Certification upon the successful completion of Module 1. The Module 1 class schedule is as follows.
Module 1E – Foundations in Financial Planning

Module 1E - Foundations in Financial Planning


Session Date Time
1 16-Oct-20 1:30pm - 5:00pm
2 23-Oct-20 1:30pm - 5:00pm
3 30-Oct-20 1:30pm - 5:00pm
4 06-Nov-20 1:30pm - 5:00pm
5 13-Nov-20 1:30pm - 5:00pm
6 20-Nov-20 1:30pm - 5:00pm
7 27-Nov-20 1:30pm - 5:00pm
8 04-Dec-20 1:30pm - 5:15pm
9 11-Dec-20 1:30pm - 5:15pm

*Exam Date: Jan 2021    |    Duration: 33 HRS (including Exam)
Call us for more information regarding the enrolment process
*All dates are correct at the time of uploading. FP reserves the right to make changes to the dates listed. FP reserves the right to cancel any workshop if there is an insufficient number of students.

Module 4 and 5 Virtual Class Schedule

You can attain the AWPCM Certification upon the successful completion of Modules 1, 4 and 5. If you are a new entrant to the program, you may enrol these 3 modules in one examination cycle.

Module 4E – Investment Planning


Session Date Time
1 06-Oct-20 6.30 pm - 10.00 pm
2 13-Oct-20 6.30 pm - 10.00 pm
3 20-Oct-20 6.30 pm - 10.00 pm
4 27-Oct-20 6.30 pm - 10.00 pm
5 03-Nov-20 6.30 pm - 10.00 pm
6 10-Nov-20 6.30 pm - 10.00 pm

*Exam Date: Feb 2021   |    Duration: 24 HRS (including Exam)

 


Module 5E – Retirement Planning


Session Date Time
1 05-Oct-20 6.30 pm - 10.00 pm
2 12-Oct-20 6.30 pm - 10.00 pm
3 19-Oct-20 6.30 pm - 10.00 pm
4 26-Oct-20 6.30 pm - 10.00 pm
5 02-Nov-20 6.30 pm - 10.00 pm
6 09-Nov-20 6.30 pm - 10.00 pm

*Exam Date: Feb 2021   |    Duration: 24 HRS (including Exam)

Call us for more information regarding the enrolment process.

*All dates are correct at the time of uploading. FP reserves the right to make changes to the dates listed. FP reserves the right to cancel any workshop if there is an insufficient number of students.

Module 2 and 3 Virtual Class Schedule

After you attained the AWPCM Certification, you can go on to enrol into Modules 2 and 3.

Module 2E – Risk Management Planning


Session Date Time
1 07-Oct-20 6.30 pm - 10.00 pm
2 14-Oct-20 6.30 pm - 10.00 pm
3 21-Oct-20 6.30 pm - 10.00 pm
4 28-Oct-20 6.30 pm - 10.00 pm
5 04-Nov-20 6.30 pm - 10.00 pm
6 11-Nov-20 6.30 pm - 10.00 pm

*Exam Date: Jan 2021    |    Duration: 24 HRS (including Exam)

 


Module 3E –  Tax Planning & Estate Planning


Session Date Time
1 08-Oct-19 6.30 pm - 10.00 pm
2 15-Oct-20 6.30 pm - 10.00 pm
3 22-Oct-20 6.30 pm - 10.00 pm
4 29-Oct-20 6.30 pm - 10.00 pm
5 05-Nov-20 6.30 pm - 10.00 pm
6 12-Nov-20 6.30 pm - 10.00 pm

*Exam Date: Jan 2021   |    Duration: 24 HRS (including Exam)

*All dates are correct at the time of uploading. FP reserves the right to make changes to the dates listed. FP reserves the right to cancel any workshop if there is an insufficient number of students.

Module 6 Virtual Class Schedule

You can only enrol into Module 6 after the successful completion of Modules 1 to 5. This module is also your final hurdle before attaining the CERTIFIED FINANCIAL PLANNERTM Certification Designation:

Module 6B – Financial Plan Construction and Professional Responsibilities


Session Date Time
1 05-Oct-20 2.00 pm - 5.30 pm
2 12-Oct-20 2.00 pm - 5.30 pm
3 21-Oct-20 2.00 pm - 5.30 pm
4 26-Oct-20 2.00 pm - 5.30 pm
5 02-Nov-20 2.00 pm - 5.30 pm
6 09-Nov-20 2.00 pm - 5.30 pm

*Exam Date: Feb 2021  |    Duration: 24 HRS (including Exam)

Not Sure whether to embark on the CFP® Certification Education Program? Here’s a course preview webinar to learn more:

A Sample of the Online Video Revision Videos to Supplement Your Classroom Learning and Exam Revision

ENROLMENT TERMS & CONDITIONS FOR MAS ENHANCED SUPPORT AND IBF-STS

Ronald Wong

PRINCIPAL INSTRUCTOR for CFP and CPD Programs
MBA, CFP®, ChFC®, CWM®, ChMA, AEPP, STEP Associate

Ronald has a "3-E Mission" in the Marketplace: to Educate the public about the importance of financial planning, to Encourage them to take practical actions for their financial future, and to Empower them to make the right choices with a positive attitude to take personal responsibility about their financial future.

Dr Ben Fok

INSTRUCTOR for CFP and CPD Programs
PhD, MBA(Investments), BSc(Finance), TEP, CFP®, IBF Fellow

Ben has 20 years of experience in the financial services industry serving in positions in fund management and financial planning, and he actively promotes the concept of financial planning by lecturing at various public and private organisations, and is an invited lecturer at the Singapore Institution of Management (SIM).

Joshua Jimmy Tan

INSTRUCTOR for CFP Program
MBA(Strategic Wealth Management), CFP®, CWM®, RFC®, ASEP®, ChMA®, CBC

Joshua's knowledge in the Financial Services Industry and Technology application helped modernize the business workflow of many Financial Consultants.

Lim Chung Wei

INSTRUCTOR for CFP and FA-CPD Programs
LLB(Hons), MSc(Marketing), CFP®, Adv. Cert-in-Teaching(Newcastle), ACTA

Chung Wei had been involved in insurance and financial planning work for almost two decades. He had also been a senior trading representative. He is a course consultant and lecturer for the Certified Financial Planner’s program (CFP) run by Financial Perspectives Pte Ltd.

Aaron Graham Tay

INSTRUCTOR for CFP Program
BSc(Banking & Finance), CFP®, Certified Behavioral & Career Consultant™

Aaron grew up in the midst of many obstacles in his personal life. In spite of health problems and struggles in his self-esteem, he has overcome all odds and established himself as a motivational trainer and speaker to many organizations. He has a strong passion to train and develop individuals in leadership & financial matters. His experience as an entrepreneur and business owner has helped him to learn many life skills, leadership, communication, sales, public speaking and many other valuable skills to help individuals succeed in their chosen domain.

Bernard Soh

INSTRUCTOR for CFP Program
CFP®, MPA(SMU Dean's List), INSEAD MBA(General Management & Consulting), B Eng (Hons)

A visionary and motivating regional business professional offering 20+ years of strategic management experience in Startups, SMEs and MNCs companies across a wide range of industries; including Financial Services, Technology, Energy, Semiconductor and Electronics. Results- focused and effectual leader with proven track record in driving corporate strategy, business development, management consulting, M&A, finance & accounting, entrepreneurship and operation.

Heng Kee Hong

INSTRUCTOR for CFP Program
CFP®

Daniel Tan

INSTRUCTOR for CFP Program
CFP®

Chew Hock Beng

INSTRUCTOR for CPD Program (HELP Professional)
CFP®,ChFC®, CLU, IBFA, MFA, CIWA, CFOS, CBFC, AEPP®, ACTA

The four values which I adhere to: To Seek Clarity, Balanced in approach, Focus on problem solving and Instill Confidence. In short, “CBFC”. This acronym symbolized the practice of being a “Certified Behavioral Financial Coach”.

KENNY LOH

INSTRUCTOR for CPD Program (ARIA)
MBA, CFP®, IBFA, AEPP®

Kenny is especially passionate about REITs because of their simple business models and their ability to generate regular passive income for investors.

William Cai

INSTRUCTOR for CFP and CPD Programs (MFA)
MSc(Finance), CFP®, ChFC®, CMFC

William has 20 years of experience providing wealth management advice and portfolio management services to high net worth individuals, family offices and corporations. He has been widely featured in the Strait Times, Sunday Times, Business Times, The Asian Wall Street Journal, The Edge, Channel News Asia, Channel 8, News Radio 93.8 FM, financial internet portals, magazines & books.

Examination Format & Duration (COVID-19 Period)

  • Due to COVID-19 Pandemic, CFP Certification examinations are currently held remotely by the Financial Planning Association of Singapore (FPAS) three times a year – in March, July and November, or as scheduled at the discretion of the FPAS.
  • CFP Certification examination registrations are administered by the FPAS.
  • Modules 1 through Module 5: 95 MCQ over 3 hours, comprising Section 1 (90 Questions) and Section 2 (5 Questions)
  • Module 6 is via a case study over 3 hours. Candidates will type out the answers on the secured browser
  • Candidates must have a desktop or laptop with a webcam to take the examination. Candidates with laptops which are hybrids must disable their back facing webcam.
CFP® certification education program ModulesExam DurationExam Format
Module 1: Foundations in Financial Planning3 hours95 MCQs
Module 2: Risk Management & Insurance Planning3 hours95 MCQs
Module 3: Tax Planning & Estate Planning3 hours95 MCQs
Module 4: Investment Planning3 hours95 MCQs
Module 5: Retirement Planning3 hours95 MCQs
Module 6: Financial Plan Construction & Professional Responsibilities3 hoursCase Study

* From Jan 2010, Module 6 exam comprises only of Case Study; the MCQ examination component has been removed.

2020 Cycle 1 Examination Schedule


Module Description Exam Date
1 Foundations in Financial Planning 22 Mar 2020, Sunday
2 Risk Management and Insurance Planning 21 Mar 2020, Saturday
3 Tax Planning and Estate Planning 15 Mar 2020, Sunday
4 Investment Planning 14 Mar 2020, Saturday
5 Retirement Planning 08 Mar 2020, Sunday
6 Financial Plan Construction and Professional Responsibilities 07 Mar 2020, Saturday

Exam Registration Opens:                16 Dec 2019
Exam Registration Closing:              31 Jan 2020
Exam Results Release Dates for M1-M5


Exam Results Release Date Re-sit Date
Module 1: 01 Apr 2020 Module 1: 09 Apr 2020
Module 2: 30 Mar 2020 Module 2: 06 Apr 2020
Module 3: 25 Mar 2020 Module 3: 03 Apr 2020
Module 4: 23 Mar 2020 Module 4: 31 Mar 2020
Module 5: 16 Mar 2020 Module 5: 24 Mar 2020

 

*Exam Results Release Date for M6:  07 Apr 2020

2020 Cycle 2 Examination Schedule


Module Description Exam Date
1 Foundations in Financial Planning 18 Jul 2020, Saturday
2 Risk Management and Insurance Planning 19 Jul 2020, Sunday
3 Tax Planning and Estate Planning 12 Jul 2020, Sunday
4 Investment Planning 11 Jul 2020, Saturday
5 Retirement Planning 05 Jul 2020, Sunday
6 Financial Plan Construction and Professional Responsibilities 04 Jul 2020, Saturday

Exam Registration Opens:                          13 Apr 2020
Exam Registration Closing:                        31 May 2020
Exam Results Release Dates for M1-M5


Exam Results Release Date Re-sit Date
Module 1: 29 Jul 2020 Module 1: 07 Aug 2020
Module 2: 27 Jul 2020 Module 2: 03 Aug 2020
Module 3: 22 Jul 2020 Module 3: 30 Jul 2020
Module 4: 20 Jul 2020 Module 4: 28 Jul 2020
Module 5: 13 Jul 2020 Module 5: 21 Jul 2020

 

*Exam Results Release Date for M6:  04 Aug 2020

2020 Cycle 3 Examination Schedule


Module Description Exam Date
1 Foundations in Financial Planning Jan 2021
2 Risk Management and Insurance Planning Jan 2021
3 Tax Planning and Estate Planning Jan 2021
4 Investment Planning Feb 2021
5 Retirement Planning Feb 2021
6 Financial Plan Construction and Professional Responsibilities Feb 2021

Exam Registration Opens:        TBC

Exam Registration Closing:       TBC

IMPORTANT NOTES TO CANDIDATES

  1. Registration for Exam.
  2. FPAS reserves the right to change the examination date. Request for dates, for whatever reason(s), other than those indicated in the above will not be entertained. All registered candidates will be notified of the examination venue at least one week before the examination via email.
  3. Please note that use of calculators in exam is restricted to the following models only:
    1. Casio FC 100
    2. Casio FC 100V
    3. Casio FC 200
    4. Casio FC 200V
    5. Hewlett Packard hp 10b
    6. Hewlett Packard hp 10b2
    7. Hewlett Packard hp 12c
    8. Hewlett Packard hp 12c platinum
    9. Hewlett Packard hp 17b2+
    10. Texas Instrument BA2+
    11. Texas Instrument BA2+Professional
    12. Sharp EL735
    13. Sharp EL733A
    14. Sharp EL738
    15. Sharp EL738F

FPAS Exam Registration

All matters pertaining to certification matters, exemptions, examination related matters, including Examination and Certification fee payment, are under the purview of FPAS. Financial Perspectives is unable to advise on these matters.

Please direct your queries pertaining to these matters to FPAS at Tel: 6372 1030 or via email to certification@fpas.org.sg

  • Candidates must register for the examination before the registration window closes. Please refer to FPAS’s website for the exam and registration schedule.
  • To take the exam, candidates must meet the “Education” requirement by enrolling in the AFPCM/ AWPCM/ CFP® Certification Education Program with an FPAS-approved Education Provider.
  • Payment for Examination and Certification Fees must be made directly to FPAS and in compliance with all requirements stated in the FPAS website.
  • Course fees paid to Financial Perspectives does not include Examination and Certification fees. FPAS’ Student Member, Certification fees are non-refundable and are not eligible for SSG funding.
  • The CFP Modular Examination fee is eligible for IBF-STS funding.
  • Course fees paid to Financial Perspectives are subject to our enrolment terms and conditions provided to you during course enrolment.
  • Information pertaining to all FPAS matters are correct at time of publication and will deem to stand until official notice/updates is provided by FPAS to FP in writing.

Payment Mode for Course Fee to Financial Perspectives Pte Ltd

Payment can be made by:

  • Internet Bank Transfer via PayNow UEN: 199604795C
  • Internet Bank Transfer to our OCBC Bank A/C No.: 501438352001
  • We no longer accept cash as a mode of payment.

The IBF Standards Training Scheme (“IBF-STS”) provides course fee subsidies to eligible company-sponsored individuals and self-sponsored individuals who complete training and assessment courses accredited under the Skills Framework for Financial Services. The enhanced course fee subsidies are part of MAS’ support package to sustain and strengthen capabilities in the financial services and FinTech sectors amid the current economic slump. This will help to position financial institutions (FIs) and FinTech firms for stronger growth when the threat of COVID-19 recedes and economic activity normalises.

Singapore Citizens and Singapore Permanent Residents who are physically based in Singapore are eligible for the enhanced course fee subsidies and IBF Credit. Company-sponsored individuals and Self-sponsored individuals are eligible for the enhanced course fee subsidies and the IBF Credit for courses under the IBF Standards Training Scheme (“IBF-STS”).

Course fee subsidies for CFP Certification Program is currently 90%, up to 31 Dec 2021 and subject to the prevailing grant cap.

In addition to course fee subsidy, an additional IBF Credit of 5% will be given to provide additional course fee support to eligible company-sponsored individuals and self-sponsored individuals on top of the enhanced course fee subsidies for courses recognised under the IBF Standards Training Scheme (IBF-STS), subject to the prevailing grant cap. The IBF Credit is only valid up till 31 Dec 2020. To qualify for IBF-STS or FTS funding, participants must successfully complete the program (including passing the relevant assessments, where applicable). Claims will be submitted by FPAS on behalf of the candidate.

The course fee subsidy and the IBF Credit are applicable only to trainees who have successfully completed the course and passed the assessment. In the event that the candidate drop out halfway through the course; or did not pass the assessment for the course, the candidate will not be eligible for the course fee subsidy and the IBF Credit. The funded portion of the course fee (the course fee subsidy and IBF Credit) will be clawed back from you and be returned to MAS/IBF. The claw back process is administered by the Training Provider on behalf of MAS/IBF.

The Training Allowance Grant is part of MAS’ support package to encourage financial institutions (FI) and FinTech employers to make use of the downtime in business activity, to train and deepen the capabilities of their employees such that the workforce can be in a position of strength when the economy recovers. Locals, even those outside of the financial and FinTech sectors can also use their personal time to attend accredited courses that are relevant for the financial sector.

The Training Allowance Grant (TAG) is open to:
(a) Companies who are supporting their employees for training ($15 per training & assessment hour, cap at 24 hours per module for CFP program). Eligible companies must be:
i. Singapore-based financial institutions regulated by MAS (licensed or exempt by MAS), or ii. FinTech firms certified by the Singapore FinTech Association (SFA).
Eligible companies can claim TAG for employees who are Singapore Citizens or Singapore Permanent Residents, who are physically based in Singapore and have completed an IBF-STS or FTS course. Eligible companies can submit claims for training allowance for employees who are Singapore Citizens or Singapore Permanent Residents and who have completed the IBF Standards Training Scheme (IBF-STS) or Financial Training Scheme (FTS) courses.;

and

(b) Individuals who attend training on their own ($10 per training & assessment hour, cap at 24 hours per module for CFP program). Eligible individuals must be Singapore Citizens or Singapore Permanent Residents, who are physically based in Singapore and have successfully completed an IBF-STS course. The Training Allowance Grant will only be accorded to eligible participants who successfully complete the course with the required attendance and who pass the assessments.  The Training Allowance Grant application for self-sponsored individuals of IBF-STS courses will be submitted by FPAS. IBF will credit the course fee subsidy to your NRIC-linked PayNow bank account. Please ensure that you have linked your NRIC to your PayNow bank account to facilitate disbursement by IBF.

FAQ To FP’s Virtual Learning Environment for the CFP® Certification Program

Is the CFP® designation obtained in Singapore recognised in other countries? Which is the international awarding body for the CFP® Certification?

The CFP® Certification was first started in the U.S. in 1972 and was subsequently introduced and recognised in 27 territories worldwide, now exceeding 180,000 certificants including Singapore.

You may visit the website of the Financial Planning Standards Board www.fpsb.org for more information.

CFP®, CERTIFIED FINANCIAL PLANNERTM and CFP® Logo are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. Financial Planning Association of Singapore is the marks licensing authority for the CFP® marks in Singapore, through agreement with FPSB.

FPSB is the association that establishes and upholds the worldwide professional standard in personal financial planning. They also manages and develops the CFP® certification education program.

The CFP® Certification awarded by FPSB is the highest internationally recognised professional designation in the financial & wealth management industries.

What is the difference between "FPAS" and "FP"?

“FP” refers to our company, Financial Perspectives Pte Ltd. We are a FPAS-approved Education Provider to conduct the CFP® Certification Program.

“FPAS” refers to the Financial Planning Association of Singapore. FPAS is the examination and licensing board in Singapore for the CFP® certification education program. Read more here.

What are the entry requirements to the CFP® certification education program?

Applicants who wish to apply for the CFP® certification education program must fulfill the following criteria:

  • EITHER a full GCE ‘A’ Level Certificate (i.e. 2 ‘A’s and 2 ‘AO’s including GP) or Diploma
  • OR minimum 3 years of working experience in any profession
  • OR Must be 18 years old and above for those who do not meet the above criteria

Which Study Option Should I Choose?

1. What are the benefits of the Classroom Tutorial option?

The Classroom Tutorial option offers you a structured learning process conducted by FP’s most dedicated and experienced lecturers.

The Classroom Tutorial comprises of 7 to 9 tutorial workshops (depending on module, each module up to 30 virtual classroom hours) that are intended to supplement the student’s self-directed revision. This includes a classroom examination preparation revision session, together with virtual class tutorials and e-learning content comprising interactive e-learning packages, videos, additional reading materials and mock examinations to better prepare you for the examination.

Classroom Tutorial option is highly recommended for tertiary students, full-time working professionals, fresh graduates, individuals looking to have a career switch or those without apt financial background or work experience.

2. Is the Self-study option suitable for me?

The Self-study option is suitable for those who prefer to study independently and caters to busy working professionals who have a tight work schedule. It is also recommended for individuals who are unable to commit to a fixed lecture structure or those who are based overseas and those who are required to travel frequently.

Our online learning portal provides you with supplementary e-learning content comprising interactive e-learning course ware packages, tutorial videos, additional reading materials and mock examinations to better prepare you for the examination.

3. Will I receive support during my course of study?

Yes, FP provides online Student Support for both Classroom Tutorial and Self-Study students. You may email your questions regarding the program or materials to us at support@fp-edu.com and we will reply your queries within 3 working days.

4. Can I opt for different study modes across the 6 modules of the CFP® certification education program?

Yes, you can opt for different learning modes and just pay the course fee for the relevant module(s) according to the study option chosen.

FPAS Examination Guidelines

  1. Who sets the FPAS examination papers?

The examinations are set by FPAS Examination Board, according to the syllabus defined by FPAS and IBF Standards.

  1. What are the FPAS examination cycles?

Please refer to FPAS website for the latest information.

  1. What happens if I fail an examination?

If you fail an exam paper for Module 1 to Module 5, you can attempt to re-sit the supplementary examination paper (if available) after exam results are released. Please check with FPAS in regard to the re-sit dates. There is currently no supplementary examination for those who fail the Module 6 examination.

Alternatively, you can opt to re-sit for the examination in the following exam cycle. Note that you can still attempt other modules in the following exam cycle while re-taking the examination for the failed module.

  1. How many times can I retake the examination for each module if I fail?

There is no limit to the number of attempts at the examination(s) so long as you complete the CFP® certification education program within 7 years from the time you started Module 1.

However, it is recommended that you complete the program within 2 years so that you can stay current and up to date with the latest examinable topics.

  1. What is the grading system of the FPAS exams?

The Examination Board keeps this information confidential. Kindly check with FPAS for details.

  1. How do I register for the FPAS exams?

You can register at www.fpas.org.sg

  1. Are past year FPAS examination papers available for reference?

FPAS does not share its past years’ examination papers. However, our examination revision sessions will help you prepare for the examinations using our mock exam practices.

What is the difference between the AFPCM, AWPCM and CFP® certification education programs?

The AFPCM certification education program is not a separate program but rather the first module of the six comprising the CFP® certification education program, i.e. Foundations in Financial Planning, Module 1. It is a broad-based module covering all aspects related to personal financial planning that form the foundation of a working financial advisor. Individuals who have attained the AFPCM certification have been thoroughly trained and are competent to recommend general financial planning strategies and to advise on the appropriate selection and use of various financial products.

The AWPCM certification education program consists of Modules 1, 4 and 5 of the CFP® certification education program. It is a mid-level professional certification for practitioners with key portfolios in retirement planning and wealth accumulation in addition to their capability to recommend general financial planning strategies.

The full CFP® certification education program is an extensive in-depth curriculum that provides a broad-based and comprehensive education in financial planning. It is the most recognized global designation for a financial planner. You will gain technical knowledge in all aspects of financial & wealth planning and be well equipped to write comprehensive financial plans that meet strict international standards. CFP® practitioners are dedicated to the highest level of professionalism. CFP® practitioners are highly sought after for their trained ability to provide the public with comprehensive and holistic financial advice. Their credential assures the public that they have agreed to adhere to high standards of competence and ethical practice. The strength of the CFP®certification lies in the fact that it is a broad-based qualification, independent of any one industry.

How can I obtain the AFPCM, AWPCM Certification?

In order to be certified as AFPCM or AWPCM, you must meet the education and exam requirements set by FPAS; you will need to first sign up with one of FPAS’ approved Education Providers to complete the course, and then pass the certification examination to be certified.

1) How do I obtain the AFPCM certification?

The individual must be a FPAS member who has completed Module 1 (Foundations in Financial Planning) of the CFP® certification education program, and pass the respective certification examination.

2) How do I obtain the AWPCM certification?

The individual must be a FPAS member who has completed Modules 1, 4 and 5 (Foundations in Financial Planning, Investment Planning and Retirement Planning respectively) of the CFP® certification education program, and pass the respective certification examination.

If you have already completed the AFPCM certification education program, you will only need to complete the remaining Module 4 & Module 5 papers.

3) What are the benefits of becoming an AWPCM practitioner?

You will be competent to recommend general financial planning strategies and have key portfolios in retirement planning and wealth accumulation.

This mid-level designation will lead you one step closer to complete the CFP® certification education program if you are working towards attaining the prestigious globally recognized CFP® mark.

Individuals will also be included in FPAS’ Directory of AWPCM practitioners and you may therefore, identify yourself to the public as an AWPCM practitioner.

4) Why are Modules 1, 4 and 5 the pre-requisites?

Being an intermediate-level designation, the AWPCM practitioners and individuals need to possess knowledge on the fundamentals of financial planning with emphasis and depth in areas of investments and retirement planning.

5) Is there a rising demand for AWPCM practitioners?

Many Singaporeans may only have a need for general financial advice but may require a specialist’s advice related to retirement issues and investments. As the responsibility for meeting life goals and planning for retirement increasingly shifts from government and employers to the individual, so do the rising need for trustworthy and fully qualified professionals.

Consumers need to be assured that they can go to a trusted financial advisor for advice on retirement plans, wealth accumulation and preservation strategies and products.

6) Can I register three modules and obtain the AWPCM in one examination cycle?

Yes. You are allowed to attempt up to 3 new modules’ examinations, where Module 1 is compulsory. To obtain the AWPCM in one examination cycle, you need to attempt the Module 1, 4 and 5 examinations simultaneously in the same examination cycle.

7) When are the exam periods and how many times can I retake the examination for each module, if I fail?

The exams will be held in March/April, July/August and November each year. If you fail an exam paper, you may choose to re-sit for the examination again in the following exam cycle. You may also attempt new modules in the following exam cycle whilst taking the re-sit paper. There is no limit on the number of attempts for the examinations but you will be required to complete the CFP® Program within 7 years according to FPAS regulations.

CFP® Course Preview – What is this program all about?
Find out more about the CFP® Certification Education Program

CFP® Certification — The Standard of Excellence for Personal Financial Planning
Published on 5 Mar 2012 by Certified Financial Planner Board of Standards

44th Intake Webinar Format

Learn about our latest course: Certificate in Retirement Adetirement Adequacy Planning

Sample Webinar Clip

Here’s a sample clip of Module 3 revision webinar. If you signed up for the webinar but missed it because you cannot attend, you can revisit the webinar video which will be recorded through the link provided and have unlimited number of views until your examination.