ENROLMENT

Module progressions requirements
Couse duration
Enrolment Routes
Course Fees
Who Should Enrol?

Module progression requirements

  1. You have to complete Module 1 before you can move on to Module 2, Module 3, or Module 4.

  2. However, you don't have to follow the Module 2 to Module 4 order because Module 2, Module 3, and Module 4 are separate modules. You can take them in any order.

  3. To move on to Module 5, you have to complete Module 2 to Module 4 because Module 5 is the construction of a financial plan where you apply everything that you learned from Module 1 to Module 4.

  4. The final examination will assess how you apply financial planning knowledge learned in the previous modules.

Course duration

  1. CFP examinations are held in March, June, September, and December every year.

  2. At Practical Wealth, we organise one module per quarter and the training will commence two months before the examination.

  3. So for the normal enrolment route, it takes 5 quarters (15 months) to complete the program.

  4. For the FIMM exemption and PITO exemption, it takes 4 quarters (12 months) and 3 quarters (9 months) to complete the program respectively.

Normal Enrollment

For those who want to learn all aspects of the CFP program to ensure there are no gaps in their financial planning knowledge.

Modules
M1, M2, M3, M4 & M5

Requirements
i) A degree in any field.
ii) A diploma, or SPM, with 5 years of experience in personal finance and a pass on the PLRA assessment.

FIMM Exemption

For unit trust consultants with a valid FIMM license.

Modules
Tax Planning,
M2, M3, M4 & M5

Requirements
i) A degree with a valid FIMM license.
ii) A diploma with an FIMM license and 5 years of experience in unit trust.

PITO Exemption

For life insurance agents with 3 years of experience in life insurance.

Modules
Tax Planning, Estate Planning,
M3, M4 & M5

Requirements
i) A degree with 3 years of experience in life insurance and a pass on FPAM’s PITO assessment
ii) A diploma or SPM certificate with 3 years of experience in life insurance and a pass on FPAM’s PITO and PLRA assessments.

Challenge Status

For working professionals in finance and accounting who have at least 3 years of working experience in personal finance.

Modules
M5

Requirements
3 years of working experience in personal finance with any of the following credentials:

i) MIA, CPA (M), CPA(Aust)., AICPA, CA, ACCA, ICMA or AIA
ii) ICSA or Fellow of MACS
iii) ChFC, CFA, IFP
iv) Masters in Business Admin/ Finance/ Economics/ Accounting.
v) PhD in Business/ Accounting/ Economics/ DBA.

Enrollment Routes

How much does it cost?

To complete the CFP certification program, candidates will need to incur costs that cover the following.

  1. Enrolment fee

  2. FPAM Annual membership

  3. Training Fee

  4. Training materials

  5. Financial calculator

  6. Examination fee

For those who failed the examination, they may need to incur:

  1. Retraining fee

  2. Examination resit fee

Enrollment application

  1. Normal enrollment RM0

  2. FIMM exemption RM200

  3. PITO exemption RM200

  4. Challenge Status RM200

FPAM membership

  1. Trade: RM50 per year

  2. Associate: RM150 per year

  3. Certified: RM410 per year

Examination Fee

  1. Charter member:

    M1 to M4: RM250 per exam

    M5: RM500 per exam

  2. Corporate member:

    M1 to M4: RM300 per exam

    M5: RM600 per exam

  3. Public

    M1 to M4: RM350

    M5: RM700 per exam

Prior Learning Recognition Assessment (PLRA)

  1. RM350 per assessment

FPAM's Fees
empty hallway between concrete buildings during daytime
empty hallway between concrete buildings during daytime

Modular fee (online)

  1. Module 1 - RM1,000

  2. Module 2 - RM1,000

  3. Module 3 - RM1,000

  4. Module 4 - RM1,000

  5. Module 5 - RM1,100

FPAM's book

  1. Peninsular Malaysia - RM100 per book

  2. Sabah or Sarawak - RM120 per book

Package fee (inclusive of FPAM book)

  1. Normal enrollment:

    RM3,988

  2. FIMM exemption:

    RM3,668

  3. PITO exemption:

    RM3,368

  4. Challenge Status:

    RM3,188

Processing fee:

  1. RM150 (one-off)

Training Fees

Course Fee

Who Should Enrol?

2.Those who make decisions that affect others' financial futures.

  • CEO

  • Director

  • HR Manager

  • Lawyer

3.Those who are managing their families' finances.

  • Husband

  • Wife

1.Those who are involved in advising others about their finances.

  • Accountant

  • Banker

  • Unit Trust Consultant

  • Insurance Advisor

  • Real Estate Agent

4.Individuals who prefer to be in control of planning, analyzing, and making their own financial decisions, rather than seeking advice from financial planners.

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Enrolment Registration for
CERTIFIED FINANCIAL PLANNER (CFP)

Interested in enrolling for the upcoming training?

Register now and we will guide you through the enrolment process

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