The Financial Planning Association of Malaysia (FPAM) is the peak 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 and the Islamic Financial Planner qualification programs, 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 the federal capital of Kuala Lumpur which provides a focus for business networking and professional development activities for more than its 8,000 members. FPAM is an affiliate member of the international organization, Financial Planning Standards Board Ltd..
The objectives of the Association includes:
To establish financial planning as a recognized profession through the promotion of excellence in financial planning for the benefit of all Malaysians
To educate the public in the process and benefits of financial planning and to raise the standards of competency and ethical practice of qualified financial planners in Malaysia.
The FPAM’s Board of Governors is made up of a President, Deputy President, two Vice Presidents, Honorary Secretary, Honorary Treasurer and up to 14 Board Members. The Board of Governors is supported by the Board of Membership Affairs (”BOMA”) and Board of Certification & Standards (”BOCS”).
A third of the Certified Members and Charter Member representatives who are members of the Board of Governors shall retire biennially by rotation pursuant to paragraph 8.5 of the Constitution.
The BOMA is supported by 3 Committees: Marketing & Public Relations Committee, Industry Services Committee and the Membership Development Committee.
The BOCS is supported by 3 Committees: Standards & Professional Review Committee, Disciplinary Committee and Education & Examination Committee.