Malaysia needs more certified financial planners to serve the growing demand for financial advice and financial planning in the country.
Hong Kong, Singapore and even China are all struggling to recruit, train and retain wealth management professionals, and now Malaysia is joining the club.
The growing demand from the middle class in the country seeking financial advice to cope with the investors' risk is accelerating according to a report from the Malaysian news agency «Bernama»
Financial Planning Association of Malaysia (FPAM) Chief Executive Officer, Linnet Lee, said the association intended to grow the number of Certified Financial Planners (CFPs) in the country via active promotions of the industry. Lee said FPAM aimed to have 2,650 CFPs in the country by the end of 2017.
Talent Pipelines
«As of now, we have 2,590 CFPs in the country. We believe we can increase the number as financial planning in Malaysia today is growing in importance and awareness among our customers,» Lee added.
Both local and international banks have been working hard in the Asian region to develop a pipeline of talent to keep pace with the demand of the world's fastest growing wealth markets.
