CFP® Curriculum

The CFP® Certification was established in 1972 in the US for Financial Planners. The mark has grown in prestige over the years and have become closely associated with financial planning expertise, competence and ethics around the world today.

 

Why you should achieve the CFP® mark?

 

The CFP® certification programme is primarily meant for financial practitioners especially for those whose profession involves personal financial advisory. The curriculum maintains a high degree of rigor to equip the CFP® with the necessary technical ability and skills to handle real life financial planning scenarios. In addition, the certification programme inculcates the right ethical behaviour befitting the CFP® in the market place. The credibility of being a CFP® not only makes you a sought after financial professional, it also brings you personal job satisfaction as well as financial rewards.

 

The CFP® is also popular amongst individuals from outside the financial industry. Financial planning is relevant to all people, of all ages and from all walks of life. Many non-finance individuals take up the CFP®, to enhance their financial literacy and to begin making financial plans for themselves and for their families.

 


 

In order to achieve the CFP® mark, candidates must fulfil the education and examinations requirements for the following 6 Modules:

 

Module 1 – Foundations in Financial Planning
Module 1 is a self-contained module, leading to the Associate Financial Planner (AFPCM) title. The module provides an overview of the entire financial planning process. It will cover analytical tools for financial planning, including investment appraisal techniques, business statistics, and financial ratios. Candidates will gain an overall view on financial planning process.

 

Module 2 – Risk Management & Insurance Planning
Module 2 explains the concept of risk, its pervasiveness, the opportunities it presents, and its management. Focus is given to risk management through risk transfer via the important instrument of insurance.

 

Module 3 – Tax and Estate Planning
Module 3 has two main parts. The first part on tax planning provides an overview of the Singapore tax system and its impact on financial planning for individuals and business entities. The second part on estate planning shows how wealth can be transferred in an orderly manner to specified beneficiaries according to the individual’s intentions. Tools of estate planning like wills and trusts will be introduced.

 

Module 4 – Investment Planning
Module 4 covers the important world of finance and investments. The implications of market theory are applied to the understanding of different types of investments, asset allocation, and learning how to evaluate the performance of the various types of investments. The candidate will learn about stocks, bonds and alternative investments like Hedge funds.

 

Module 5 – Retirement Planning
Module 5 explores the concepts involved in developing retirement plans which have become critical in light of increasing wealth and longevity in Singapore. A holistic approach that includes other aspects of financial planning like children’s education, business succession, estate matters and medical expenses in retirement are emphasized.

 

Module 6 – Financial Plan Construction & Professional Responsibilities
Module 6 brings together each of the first five modules in the construction of an effective financial plan. Candidates are expected to be able to identify and resolve various financial planning issues, as well as apply planning techniques to specific client situations through case studies.

 


 

The CERTIFIED FINANCIAL PLANNER™ and CFP® 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. KapitalMinds Pte Ltd does not certify individuals to use the CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® marks. CFP® certification is granted only by FPSB and FPAS to those persons who, in addition to completing an education requirement such as the program offered by this FPAS approved education provider, have met the ethics, experience and examination requirements. For more information, please visit FPAS and FPSB.