Financial Planner
Help clients meet their long-term financial goals.
Job opportunities
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Jobs in Jobstreet right nowJob growth
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In the last yearSalary
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Typical monthly salaryJob satisfaction
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Job opportunities
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Jobs in Jobstreet right nowSalary
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Typical monthly salaryJob growth
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In the last yearJob satisfaction
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On this page
- What's it like to be a Financial Planner?
- How to become a Financial Planner
- Top skills and experience for Financial Planners
What's it like to be a Financial Planner?
A Financial Planner is a more specific variation of a financial advisor. They help their clients meet their financial goals through investments, tax planning, estate planning and overall wealth management. Financial Planners are goal-oriented and regularly propose investments or asset allocation that can grow clients’ wealth. They use their knowledge of personal finance, budgeting, and taxes to make credible recommendations, which will in turn help clients make informed decisions. The goal of most clients and Financial Planners is to grow wealth, build retirement funds, and secure the financial future of a client and his or her family.
Tasks and duties
- Evaluating a client’s financial status based on income, expenses, assets, and liabilities.
- Recommending strategies that will build a client’s asset portfolio.
- Offering insights and forecasts on proposed investment strategies, insurance policies, and estate planning.
- Managing potential risks to a client’s financial growth.
- Creating financial plans and budgets.
- Communicating with clients regularly and answering any concerns or requests.
- Writing analytical reports and updating clients on the health of their estate.
- Fostering long-term relationships with clients.
How to become a Financial Planner
A Financial Planner holds a consultancy position regarding a client’s financial health. Due to the importance of the position, they must hold appropriate certification in order to provide financial advice.
- Attain the Sijil Pelajaran Malaysia (SPM) and enrol in a pre-university programme or Foundation programme or pursue a diploma in any finance-related course.
- Pursue a degree in either accounting, finance, business, economics, or any finance-related field. A degree in these fields will take 2.5 to 3 years to complete.
- Complete an internship at a reputable financial advisory form. This will be your training ground for a future in financial planning.
- Gain work experience after graduation. To become a Certified Financial Planner, you must first have at least three years of experience in a related field. In those three years, build your resume and gain work experience in the finance sector and study to prepare for your certification examinations.
- Pursue a masters degree in finance or any related field. It is not required to become a Certified Financial Planner, but it may improve your career options.
- Pass the certified financial planning examinations. There are four certifications available issued by two organisations: The Malaysia Financial Planning Council (MFPC) and the Financial Planning Association of Malaysia (FPAM). The MFPC offers the Certification Registered Financial Planners (RFP) and the Shariah Registered Financial Planner (Shariah RFP). The FPAM offers the Certified Financial Planners (CFP) and Islamic Financial Planners (IFP).
- Apply for the required licences with the Bank Negara Malaysia (BNM) and Securities Commission (SC) to claim Financial Adviser Representative from BNM or Capital Market Service Representative Licence (CMSRL) in financial planning from SC.
Skills and experience employers are looking for
Having the right skills and experience can make you an in-demand applicant. Financial Planner employers on Jobstreet are looking for job seekers with expertise in the following areas. Financial Planning
Financial Assessment
Training Systems
Investment Management
Estate Planning
Retirement Planning
Financial Advice
Relationship Management
Financial Markets
Entrepreneurship
Management Industry
Wealth Management
Tax Planning
Sales
Asset Allocation
Autonomy
Wealth Planning
Communication Skills
Goal Focused
Ethical Standards
Source: Jobstreet job ads and Jobstreet Profile data
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