About Financial Planner
Who is Financial Planner?
A financial panner is licensed by Securities Commission and/or Bank Negara Malaysia. He/she acts independently and is not representing any financial institutions; he/she is abide by the Professional Code of Ethics therefore he/she acts to the BEST interest of his/her client.
How to become A Financial Planner?
The following are the minimum qualification required before one can apply license for the respective regulator.
To qualify as a Financial Planner, you are required to have either:
1. CFP – Certified Financial Planner
2. IFP – Islamic Financial Planner
3. RFP – Registered Financial Planner
4. Syariah RFP – Syariah Registered Financial Planner
Upon complete of the above requirement, you need to have three years of relevant working experience before applying for license.
The Prospect of A Financial Planner
Based on the excerpt from youngmoney.com :-
“Today there's a growing number of high school and college students pursuing careers in financial planning after graduation. According to Financial Planning Magazine, the average annual income for a financial planner with one to four years experience is $59,000 and those with five to nine years average $112,000. Those who stay in the profession over 15 years can expect to earn well over $300,000 per year. In fact, financial planning is such a lucrative profession that over 15% of financial planners are middle-class millionaires with net worths ranging from $1 million to $10 million. But breaking into the profession can be difficult and first requires finding an internship and usually working without an income for a year or two.”