In Malaysia, in order to practice as a licensed financial planner or an independent insurance adviser or unit trust consultant the person needs to have the pre-requisite certifications such as the Certified Financial Planner (CFP) or Registered Financial Planner (RFP).
Apart from having the professional qualification, in order to be regulated and authorised to carry out financial planning/ advisory activities, both the company and its representatives have to be approved by Bank Negara Malaysia, Securities Commission and Federation of Investment Managers Malaysia.
Finwealth Management is an approved Financial Adviser under Bank Negara Malaysia - http://www.bnm.gov.my/index.php?ch=li_fin_adv&pg=li_fin_adv&ac=3&lang=en
Finwealth Management is a licensed Financial Planning firm and Corporate Unit Trust Adviser (CUTA) and Corporate PRS Adviser (CPRA) under Securities Commission Malaysia (SC) and Federation of Investment Managers Malaysia (FIMM) respectively.
Fee-based advice is where you pay an advisory fee to access independent advice and receive a holistic financial plan to help you on your path to achieve your desired financial goals. Any product or service sale is not compulsory for you to obtain the unbiased advice