To be a certified wealth planner; any amount will do because this title has no meaning.

To be a certified wealth financial planner; any amount will do because this title has nothing to do with amount invested. This title is gained through passing the four modules of CFP exams under the auspice of FPAM®.

To be a true professional practitioner, you are probably thinking about the title Licensed Financial Planner which is a licensed offered by Security Commission Malaysia and Bank Negara Malaysia. To obtain this license, you need to have CFP qualification and three years relevant industry experience and fulfill T&C as laid out by SC and BNM guidelines.

These license has nothing to do with FSM or the amount invested.

Xuzen

p/s The term Licensed Financial Planner is equivalent in status and legal standing to Fiduciary Financial Advisor in the US.

This post has been edited by xuzen: May 5 2017, 11:02 AM

So what can you do for being a License Financial Planner ?

Do you still have to carry out your job as a license financial planner under a company or you can practice it on your own as individual ?

As a LFP, you can advise / sell most of the regulated financial products in Malaysia + offshore (e.g. Labuan) + foreign products (regulated type, not those JJPTR type).

Example of foreign products are such as Aetna Insurance inc & Hansard Insurance Ltd which are transacted in USD / GBP / SGD. These products are usually for omputeh expats etc. Once they leave Malaysia and balik kampong , they can carry these product back to their lil'village.

Both.

You can choose to open your own boutique / firm similar to like opening a law firm.

or

You can choose to park your license with an existing boutique / firm and remain as a partner or associates. In this case your license is LFP representative.

Xuzen

This post has been edited by xuzen: May 5 2017, 11:16 AM

Those who buy and sell real estate and the sum can go over to millions and during the interim period of the buy - sell , where is the money placed? With the lawyer client trust account yes? During this phase , does the money belong to you ?

But people still allow millions and millions ringgit be placed in a third party account....

Xuzen

I got a feeling we are leaving you more confused and scared as when you started.

I understand the feeling that working through out your entire life and making that amount only to see it being taken advantage of by others. I believe you are near retirement age?

If that is so I would say this, do a lot of reading, do alot of background checks, remember whatever info you gather here must be taken with a pinch of salt.

Do not be controlled by greed and always know the higher the returns the greater the risk you may lose your capital.

I have pockets of money lying here and there. part of it is inclusive of my epf, my medical insurance, my home, my savings account, my unit trust portfolio and finally my stocks.

I have received private messages from others asking for help and I gladly advise them all the same. be safe. be knowledgeable. I am always there to lend some expertise. Part of my belief in zen and karma in life.

I hope this helps.

And that's why one in a while we hear one or two lawyers disappeared from earth together with people's money.

Eh what's so special about labuan offshore?

zero tax heaven. =)

No GST, no income tax?

This post has been edited by Ramjade: May 5 2017, 11:36 AM

I have a question.

I am trying to plot Fund Allocation into excel by country for AH Select Bond fund. From the factsheet i only see the currency exposure portion is sorted by country.

Is the "before hedging" % the correct value to use?

Separately what does it mean for the "After hedging"?

Maybe this is a good read for you
https://www.fimm.com.my/wp-content/uploads/..._on_capital.pdf

Should I buy at discount or not?

Lets take two similar risked UTF: RHB AIF & ES ASI

RHB AIF 3 years annualized return is 11.24% whereas ES ASI 3 years annualized return is 10.68%

RHB AIF sales charge is 1.75% whereas ES ASI sales charge is 1.00% (discounted)

A: RHB AIF with 1.75% sales charge


B: ES ASI with 1.00% discounted sales charge



Looks like ES ASI & RHB AIF after adjusted for sales charge, both their future value differs not significant. As such , next we take a look next at their respective volatility ; ES ASI being the less volatile UTF compared to RHB AIF. Hence in my personal opinion, I will choose the less risky UTF.

Xuzen

This post has been edited by xuzen: May 5 2017, 01:37 PM

Thanks for ur explanations.
Its that mean normally u prefer less volatile UT ? Or only for ur "defender / goalkeeper " UT ?

I seldom include balanced fund in my portfolio except prs UT , lol

This post has been edited by ironman16: May 5 2017, 02:32 PM

Hi, may I know for EPF investing into mutual fund.

If I sell it on Dec, it credited back to the EPF, does EPF dividend is pro-rated or based on the final amount on 31-Dec?

Thanks.

You took a standalone or investment linked policy? and under which company? HLA or MCIS?

I believe it works tht way, as of 31st December

similar to fd

double post

This post has been edited by ganaesan: May 5 2017, 03:34 PM

Any previous investor can comment on this?

EPF give interest compound monthly (etc 6%/12). If you vested out $$ from that month (say May 2017), the interest will be less starting that month.

standalone medical coverage under MCIS under FSM bro.

maxed out my tax relief.