Exam Process

Exam Process

AFPCM/ AWPCM/ CFP®

  • ASSOCIATE FINANCIAL PLANNER
  • ASSOCIATE WEALTH PLANNER
  • CERTIFIED FINANCIAL PLANNER

Education ProvidersEducation Providers

The Education Providers listed below have registered a financial planning curriculum that satisfies the FPAS education requirement. The FPAS does not endorse one program over another. All programs cover the same core curriculum for the CFP® certification programme, yet vary in style, length and delivery methodologies. exam-process-img02Programs can also differ in their delivery methodologies with some having traditional classroom-based instructions and others offering self-study or on-line courses. The Education Provider(s) will be approved/accredited after satisfying FPAS Minimum Criterion for Potential Education Providers. Because the educational offerings are so varied, consider asking the following questions to the education provider:
  1. How will your program make me a better financial planner?
  2. How much does your program cost? Does that amount include books, test and other fees? What are the dates of availability; cost of updates, if any?
  3. How do you schedule your courses? How often are courses offered?
  4. What are the credentials of the faculty?
  5. How do candidates sign up, receive materials, ask questions or access faculty?
  6. Does the provider have written complaint policy/procedures?
  7. Are there policies of exclusions or exceptions of eligibility?

Financial Planning Association of Singapore

FPAS do not exercise control over the administrations and charging policies by the various Education Providers approved by FPAS. However if you feel strongly on certain issues, please feel free to let us know. You can reach us at: 112 Robinson Road, #07-02 Singapore 068902 Tel: 6372 1030, Fax: 6372 0121 Email: admin@fpas.org.sg As of 2013, our approved Education Providers for programs leading to the
  • CERTIFIED FINANCIAL PLANNERTM or CFP® certification programs and
  • ASSOCIATE FINANCIAL PLANNER; or AFPCM,
  • ASSOCIATE WEALTH PLANNER, or AWPCM certification programs are:-
School Financial Perspectives Pte Ltd KapitalMinds Pte Ltd TMC Academy Pte Ltd
Contact 1 Sophia Road, #07-27, Peace Centre, Singapore 228148 531 Upper Cross Street, #04-08 Hong Lim Complex, Singapore 050531 Middle Road Campus, 250 Middle Road, Singapore 188983
Tel/Fax 6533 6121 6100 3151 6690 9588 / 6690 9598
Email enquiries@fp-edu.com enquiries@kapitalminds.com enquiries@tmc.edu.sg
Website www.fp-edu.com www.kapitalminds.com http://www.tmc.edu.sg/
Important Note (1) CFP®, CERTIFIED FINANCIAL PLANNERTM and are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. Financial Planning Association of Singapore is the marks licensing authority for the CFP marks in Singapore, through agreement with FPSB.
Important Note (2) Financial Perspectives Pte Ltd does not certify individuals to use the CFP®, CERTIFIED FINANCIAL PLANNERTM and marks. CFP certification is granted only by FPSB and FPAS to those persons who, in addition to completing an education requirement such as the program offered by this FPAS approved education provider, have met the ethics, experience and examination requirements. KapitalMinds Pte Ltd does not certify individuals to use the CFP®, CERTIFIED FINANCIAL PLANNERTM and marks. CFP certification is granted only by FPSB and FPAS to those persons who, in addition to completing an education requirement such as the program offered by this FPAS approved education provider, have met the ethics, experience and examination requirements. TMC Academy Pte Ltd does not certify individuals to use the CFP®, CERTIFIED FINANCIAL PLANNERTM and marks. CFP certification is granted only by FPSB and FPAS to those persons who, in addition to completing an education requirement such as the program offered by this FPAS approved education provider, have met the ethics, experience and examination requirements.
* Education Providers’ name of are listed in alphabetic order.

Course Modules

AFPCM Module 1: Foundations in Financial Planning
AWPCM Module 1: Foundations in Financial Planning Module 4: Investment Planning Module 5: Retirement Planning
CFP® Module 1: Foundations in Financial Planning Module 2: Risk Management and Insurance Planning Module 3: Tax Planning & Estate Planning Module 4: Investment Planning Module 5: Retirement Planning Module 6: Financial Plan Construction and Professional Responsibilities
Details of each educational provider's programs are available from the respective education provider. Before registering for the course, candidates must ensure that they have at least 'A' levels or three years working experience.

Certification Examinations

The AFPCM, AWPCM and CFP® certification examinations are held three times per year, in the month of April, July and October/November. The Certification Examination registration fees payable to FPAS is $120.00 each for Module 1, 2, 3, 4 and 5 and $250.00 for Module 6. Eligibility Applicant must be a current FPAS individual member and a course participant with an approved Education Provider. Rules of Progression Examination Duration and Format All examinations are conducted using the pencil-and-paper format. Examinations for Modules 1 to 5 are each three-hour paper, consisting of multiple-choice questions. Module 6 is a three-hour paper in essay-type format. Details of each educational provider's programs are available from the respective education provider. Before registering for the course, candidates must ensure that they have at least 'A' levels or three years working experience. Code of Ethics (effective January 2016) FPAS Code of Ethics is compulsory and must be completed by a licensed AFPCM, AWPCM and CFP® certificant. Code of Ethics - Financial Advisers Act and Securities Act (FAA and SA) is a 3-hour session workshop and 3 in-house CPD will be credited within same calendar year from the certification approval date. Upon completion of Code of Ethics Workshop, certificants will be issued an E-certificate of attendance via email. Attendance of Code of Ethics Workshop will be applicable for AFPCM, AWPCM and CFP® certificants who have not attended it before. AFPCM, AWPCM and CFP® certificants applying his/her certification for the first time is required to attend Code of Ethics within the same calendar year from his/ her AFPCM, AWPCM and CFP® certification license approval date.  This is a mandatory requirement. For subsequent renewal, the AFPCM and AWPCM certificants will NOT need to re-attend Code of Ethics Workshop.  For subsequent renewal, CFP® certificants will be required to attend the Code of Ethics Workshop every 2 years from his/her certification license date. table-of-exam-process-1 Important Note:- If the CFP® certificant did not attend Code of Ethics Workshop within the 2nd year of the CFP® license approval date required for reporting, the certificant license will not be renewed due to non-adherence to the 4th E requirement for certification. Hence, all certificants must complete the Code of Ethics Workshop within the 2nd year from the approval of their CFP® certification license. Code of Ethics The Code of Ethics are general standards that shall apply to all classifications of membership, unless otherwise stated. Every member shall conform to the general standards set out in their professional activities and conduct.
  1. Client First Members shall place the client’s interests first; requiring them to act honestly and not place personal gain or advantage before the client’s interest.
  2. Integrity Members shall observe high standards of honesty and integrity in conducting their financial planning business and in the provision of financial planning services.
  3. Objectivity Members shall disclose to the client any material limitation on their ability to provide objective financial planning services.
  4. Competence Members shall provide competent financial planning services and maintain the necessary knowledge and skill to continue to do so in those areas in which the Member is engaged.
  5. Fairness Members shall provide financial planning services in a manner that is fair and reasonable.
  6. Diligence Members shall act with due skill, care and diligence in the provision of financial planning services.
  7. Professionalism Members shall ensure their conduct does not bring discredit to the financial planning profession.
  8. Confidentiality Members shall ensure their conduct does not bring discredit to the financial planning profession.
  9. Compliance Members must maintain knowledge of and comply with the Memorandum and Articles of Association of the FPAS, the FPAS's Code of Ethics and Rules of Professional Conduct, and all applicable laws, rules and regulations of any government, governmental agency, regulatory organisation, licensing agency or professional association governing the members' professional activities.
Failure to comply with the 4th E - Code of Ethics Ethics is the last part of the 4E's. On completion of the Education, Examination and Experience requirement, you may download the Initial CFP® Application Form from FPAS website. You will be required to disclose past or pending litigation or agency proceedings, if any. An acknowledgement of the right of FPAS to enforce its Rules of Professional Conduct and Code of Ethics on you must also be made. Each CFP® Certificant is responsible for demonstrating full compliance with the certification renewal requirements, which includes adherence to the Code of Ethics for CFP® Certification and in addition, meeting continuing professional development requirements for the CFP® Certificant. Failure to comply with the continuing professional development requirement by the end of the CPD reporting period, which includes attendance of the compulsory Code of Ethics workshop will result in delinquent status and non-renewal of the CFP® certification license.
FPAS Code of Ethics Workbook