Interplay of Ethics & Sustainability for Greater Growth

KUALA LUMPUR, Nov 18 (Bernama) -- FPAM organized the Annual Signature Financial Planning Symposium 2021 in collaboration with Malaysian Financial Planning Council (MFPC) and Malaysian Financial Planners and Advisers Association (MFPAA) with the theme of Interplay of Ethics & Sustainability for Greater Growth. The event attracted 370 participants streaming online.

Mr. Paul Low, FPAM President led the opening address and emphasized on building trust, integrity and ethics to achieve the highest standards of financial planning landscape, thus the collaboration amongst associations signifies industry development consistent with long-term growth.

The second opening address was by Mr. Vincent Kwo Shih Kang, MFPC President who spoke on best practices to maintain an ethical conduct and decision-making to enhance confidence of clients and relational trust.

The Guest of Honor, Datuk Zainal Izlan Zainal Abidin, Deputy Chief Executive, Securities Commission Malaysia delivered his keynote by the recent launching of Capital Market Masterplan 3 (“CMP3”).The financial planning and advisory industry have seen an increase of 57% growth and further added that a study on possible consolidation of licensing regime for both financial planners and advisers to be jointly pursued by SC and Bank Negara Malaysia to promote holistic advisory and reducing regulatory costs for intermediaries. He acknowledged that SC is supportive of the recently published code of ethics and best practices specifically for FPs which covers the six codes ranging from integrity, fairness and competency.

The topics covered comprises of the expansion of License Financial Planner, various keys on building sustainable practice, risk managements, the how’s on setting a sustainable practice firm as well as fee advice, and lastly on ethics and business suitability.

About Financial Planning Association of Malaysia

The Financial Planning Association of Malaysia (FPAM) is the pioneer professional body for financial planning in Malaysia. It is a not-for profit organization with the twin mission of continuously professionalizing the industry and educating the public on the importance of financial planning. It administers the CERTIFIED FINANCIAL PLANNER® certification program.  FPAM also jointly own with IBFIM the Islamic Financial Planner qualification program.  Both of which are recognized by the Securities Commission and Bank Negara Malaysia for licensing purposes. FPAM has more than 40 Charter and Corporate members, many of whom are among the most established financial institutions in their sector. It has its headquarters in Petaling Jaya, which provides a focus for business networking and professional development activities for it more than 4,000 members. FPAM is an affiliate member of the international organization, Financial Planning Standards Board Ltd. For more information, visit www.fpam.org.my on certification and membership.

CFP® Certification Global excellence in financial planning

CFP^CERT ™, CERTIFIED FINANCIAL PLANNER^® and certification marks owned outside the U.S. by Financial Planning Standards Board Ltd.  Financial Planning Association of Malaysia is the marks licensing authority for the CFP marks in Malaysia, through agreement with FPSB.

Source: Financial Planning Association of Malaysia

FOR MORE INFORMATION, PLEASE CONTACT:
Financial Planning Association of Malaysia
Tel 03 7954 9500
Email: info@fpam.org.my
Website: www.fpam.org.my

--BERNAMA