CFP® Certification Education Program Curriculum
A Singapore localized and comprehensive curriculum devoted to all areas of financial planning that are essential to developing a sound, client-based financial plan.
The six course modules are:
Module 1: |
Foundations in Financial Planning The first module is a self-contained course (also referred to as the AFPCM Certification Education Program), covering a broad range of professional financial topics that form the foundations of the career of any financial services professional. This module is comprehensive and provides a complete overview of the financial/ wealth planning process, a review of all the financial products and instruments, as well as a review of the legal, ethical and regulatory issues affecting financial planning in Singapore. Upon successful completion of the course, students are eligible to earn the AFPCM certification whilst continuing on with the remaining modules leading to the CFP® certification. |
Module 2: |
Risk Management and Insurance Planning The transfer of risk through the use of insurance is a principal method of handling risk exposures. This module examines the principles of risk management and insurance to identify a client’s risk exposures and to select appropriate risk management techniques. This module also reviews insurance contracts pertaining to both life and general products, and provides practical insurance checklists. Analysis of medical disability and life insurance needs and methods of determining products best suited to clients’ needs are also examined. |
Module 3: |
Tax Planning and Estate Planning Taxes can affect various financial decisions and having knowledge of tax laws and related issues will generally enhance the effectiveness of a financial/ wealth planner. This module aims to increase a student’s knowledge and skills in the area of tax planning, by providing an overview of the major components of tax. Estate Planning is a critical element of a complete financial plan and students are introduced to the process of developing an estate plan. |
Module 4: |
Investment Planning Having the knowledge to evaluate and choose the right investments is basic to the implementation of a sound financial plan. This module reviews all categories of investments, client assessment techniques, economic factors, risks and return analysis, valuation methods, asset allocation techniques, portfolio management, investment strategies and performance evaluation methods. |
Module 5: |
Retirement Planning As Singapore’s population ages, it is critical that financial service professionals know how to advise clients to achieve a secure retirement through proper planning. This module teaches retirement needs, analysis techniques and the process to be used when developing a retirement plan. Retirement considerations for the self-employed, retirement counseling, the Central Provident Fund (CPF) and other schemes will also be reviewed. |
Module 6: |
Financial Plan Construction and Professional Responsibilities This final module builds upon the earlier modules and integrates all aspects of personal finances that are required for constructing a comprehensive financial plan. Students will learn how to gather and analyze client data, develop, recommend and implement appropriate strategies, and finally the important aspects related to the ongoing assessment of financial plans. A review of the legal, ethical and regulatory issues affecting financial/ wealth planners will also be covered. This includes client-centered, problem-solving method using case studies to give students a hands-on approach to the study material. |
The basis for the CFP® Certification Education Program is a client-centered, problem-solving approach emphasizing practical applications by using real-life case studies. Equal emphasis is given to all financial planning disciplines.
Students gain technical knowledge and proficiency in these disciplines and are then well equipped to engage in the financial planning process on behalf of their clients.