Vol 10, No 3 - Financial Planning Association of Malaysia

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environment ensures that you and your clients are able to make the necessary transactions in the shortest time possible with just a mouse click. 4 Free Switching Free switching is available for wrap accounts. Advisers are able to rebalance portfolios and switch between funds from different fund houses as many times as they wish without incurring extra charges. This makes portfolio changes very cost efficient. 5 Alignment with Clients’ Interest The wrap account aligns the interests of the unit trust investors, the CUTAs, advisers, iFAST Capital, and the fund management companies. A ‘win-win’ situation is created and everyone would benefit only when the net asset value (NAV) of the investment grows. The more the investment grows, the more everyone earns. Training and 6 Research Support Our training sessions cover topics ranging from investment planning to economic and market analysis. In addition, we conduct monthly updates on market outlook and fund manager presentations. Our team of research analysts maintains five distinct ‘Recommended Portfolios’ and a ‘Recommended Unit Trusts’ list which are reviewed regularly. These are provided at no extra cost to advisers. Independent Unit Trust 7 Consultant (IUTC) Initiative In line with our goal of bringing independent financial advice to consumers, our latest initiative is a training programme to groom unit trust consultants (UTCs), insurance agents and fresh graduates to become the next generation of independent financial planners. There is definitely a shortage of qualified financial planners “The mobility offered to IUTCs should encourage more people to enter the unit trust industry and build their client assets with us.” and hence we, along with our partner CUTAs, are striving to fill this vacuum in human capital by expanding the pool of potential financial planners. We believe that our IUTC initiative will give a much needed boost to the growth of the independent financial planning industry in Malaysia. Our group chairman and CEO Lim Chung Chun has always said, “We will consistently adopt ‘win-win’ solutions for all our stakeholders — whether clients, employees or shareholders — and emphasise a long-term view in decisionmaking.” Under this programme, IUTCs are taken under our wings until they attain their qualified financial planner accreditations. For the duration of the programme, training is given to the IUTCs as they pursue their qualifications. At the same time, the IUTCs will get to grow their sales, asset under management (AUM) and client base. Upon completion of the necessary requirements to become a licensed financial planner, the IUTCs are then Recruit iFAST Independent Unit Trust Consultant “We will consistently adopt ‘win-win’ solutions for all our stakeholders — whether clients, employees or shareholders — and emphasise a long-term view in decision-making.” - Lim Chung Chun, Chairman and CEO, iFAST Corporation Pte Ltd EXISTING BUSINESS MODEL Platform Services NEW IUTC INITIATIVE Develop & GROW transferred to our partner CUTAs. They will retain full ownership of the client assets which they have built up during their tenure with iFAST Capital. This model compares very favourably against the tied agency model that is widely practised currently. Under the tied agency model, client assets remain with the unit trust management companies (UTMCs) even after the tied agent has left the company. This makes it unattractive for tied agents to pursue a career as an independent financial planner as it would mean resigning from their UTMCs and hence, forfeiting client assets that they have built up over the years. The mobility offered to IUTCs should encourage more people to enter the unit trust industry and build their client assets with us. For more information, please call us at +60-3-2149 0600 or email us at: info.my@ ifastfinancial.com Dennis Tan is the managing director of iFast Capital Sdn Bhd. CUTA A CUTA B CUTA C Supply Licensed Financial Planners 50 The 4E Journal
CE COURSES July - September 2010 Foreign Exchange and Derivatives Strategies: Instruments & Practical Solutions for Private Clients (A Securities Commission CPE-accredited course) Speaker: Ding Lai Hong Date: October 9, 2010 / Saturday [ full day ] Venue: Dewan Berjaya, Bukit Kiara Equestrian & Country Resort Jalan Bukit Kiara, 60000 Kuala Lumpur Registration: 8:30AM – 9:00AM Time: 9:00AM – 5:00PM Fee: Early Bird Special – RM280 ( FPAM Member) , RM350 (Public) by October 1, 2010 Normal – RM320 ( FPAM Member), RM380 (Public) Global Issues Influencing the Capital Market (A Securities Commission CPE-accredited course) Speaker: Anthony Dass Date: October 11, 2010 / Monday [ full day ] Venue: Beverly Hotel Kota Kinabalu, Sabah Registration: 8:30AM – 9:00AM Time: 9:00AM – 5:00PM Fee: Early Bird Special – RM120 ( FPAM Member) , RM150 (Public) by September 30, 2010 Normal – RM150 ( FPAM Member), RM180 (Public) 10 CE points 10 CE points 10 CPE points 10 CPE points The Investment Plan Is Your Blueprint for Success – And How You Can Accumulate Wealth and Sleep Well (A Securities Commission CPE-accredited course) Speaker: Mike Lee Chee Thye Date: October 16, 2010 / Saturday [ full day ] Venue: Tower Regency Hotel Ipoh, Perak Registration: 8:30AM – 9:00AM Time: 9:00AM – 5:00PM Fee: Normal – RM120 ( FPAM Member), RM160 (Public) How To Invest Sensibly With Options (A Securities Commission CPE-accredited course) Speaker: Wai-Yee Chen Date: November 10, 2010 / Wednesday [ full day ] Venue: Dewan Berjaya, Bukit Kiara Equestrian & Country Resort Jalan Bukit Kiara, 60000 Kuala Lumpur Registration: 8:30AM – 9:00AM Time: 9:00AM – 5:00PM Fee: Early Bird Special – RM350 ( FPAM Member) , RM500 (Public) by November 1, 2010 Normal – RM400 ( FPAM Member), RM550 (Public) Approaches to Equity Valuation (A Securities Commission CPE-accredited course) Speaker: Wong Kah Teck Date: December 4, 2010 / Saturday [ full day ] Venue: Dewan Berjaya, Bukit Kiara Equestrian & Country Resort Jalan Bukit Kiara, 60000 Kuala Lumpur Registration: 8:30AM – 9:00AM Time: 9:00AM – 5:00PM Fee: Early Bird Special – RM280 ( FPAM Member) , RM350 (Public) by December 1, 2010 Normal – RM320 ( FPAM Member) , RM380 (Public) Declaration of Trust – Protection of Equitable Interest and Distribution of Assets (A Securities Commission CPE-accredited course) Speaker: Azhar Iskandar Hew Date: January 29, 2011 / Saturday [ full day ] Venue: Dewan Berjaya, Bukit Kiara Equestrian & Country Resort Jalan Bukit Kiara, 60000 Kuala Lumpur Registration: 8:30AM – 9:00AM Time: 9:00AM – 5:00PM Fee: Early Bird Special – RM280 ( FPAM Member) , RM350 (Public) by January 1, 2010 Normal – RM320 ( FPAM Member) , RM380 (Public) Note: Programmes are subject to changes. 10 CE points 10 CE points 10 CE points 10 CE points 10 CPE points 10 CPE points 10 CPE points 10 CPE points The 4E Journal 51
Page 1 and 2: 4E JOURNAL Education • Examinatio
Page 3: EDITORIAL Editorial Board Dear Memb
Page 6 and 7: volatility will hurt the region and
Page 8 and 9: ISLAMIC FINANCE July - September 20
Page 10 and 11: Make Prudent Financial Management a
Page 12 and 13: INDUSTRY July - September 2010 Bull
Page 14 and 15: COVER STORY July - September 2010 T
Page 16 and 17: Traditional Family Practice of Fili
Page 18 and 19: Normal Living & Life Physical Care
Page 20 and 21: COVER STORY July - September 2010 W
Page 22 and 23: SHARES INVESTMENT 29 SHARES INVESTM
Page 24 and 25: COVER STORY July - September 2010 T
Page 27: we are not even offered a receipt f
Page 33 and 34: 12:30PM Exhibition Booth Visiting,
Page 35 and 36: 2:00PM Session 5 Clinical Hypnosis
Page 37 and 38: CHAPTER ACTIVITIES July - September
Page 39 and 40: Empowering Investors with i*TradePr
Page 41: Starting Them Early Denver: The Fin
Page 44 and 45: BUSINESS MODEL July - September 201
Page 46 and 47: Aziz with his son, Ray & grandson,
Page 48 and 49: BUSINESS MODEL July - September 201

Vol 10, No 3 - Financial Planning Association of Malaysia

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