In order to be certified as AFPCM or AWPCM, you must meet the education and exam requirements set by FPAS; you will need to first sign up with one of FPAS’ approved Education Providers to complete the course, and then pass the certification examination to be certified.
The individual must be a FPAS member who has completed Module 1 (Foundations in Financial Planning) of the CFP® certification education program, and pass the respective certification examination.
The individual must be a FPAS member who has completed Modules 1, 4 and 5 (Foundations in Financial Planning, Investment Planning and Retirement Planning respectively) of the CFP® certification education program, and pass the respective certification examination.
If you have already completed the AFPCM certification education program, you will only need to complete the remaining Module 4 & Module 5 papers.
You will be competent to recommend general financial planning strategies and have key portfolios in retirement planning and wealth accumulation.
This mid-level designation will lead you one step closer to complete the CFP® certification education program if you are working towards attaining the prestigious globally recognized CFP® mark.
Individuals will also be included in FPAS’ Directory of AWPCM practitioners and you may therefore, identify yourself to the public as an AWPCM practitioner.
Being an intermediate-level designation, the AWPCM practitioners and individuals need to possess knowledge on the fundamentals of financial planning with emphasis and depth in areas of investments and retirement planning.
Many Singaporeans may only have a need for general financial advice but may require a specialist’s advice related to retirement issues and investments. As the responsibility for meeting life goals and planning for retirement increasingly shifts from government and employers to the individual, so do the rising need for trustworthy and fully qualified professionals.
Consumers need to be assured that they can go to a trusted financial advisor for advice on retirement plans, wealth accumulation and preservation strategies and products.
Yes. You are allowed to attempt up to 3 new modules’ examinations, where Module 1 is compulsory. To obtain the AWPCM in one examination cycle, you need to attempt the Module 1, 4 and 5 examinations simultaneously in the same examination cycle.
The exams will be held in March/April, July/August and November each year. If you fail an exam paper, you may choose to re-sit for the examination again in the following exam cycle. You may also attempt new modules in the following exam cycle whilst taking the re-sit paper. There is no limit on the number of attempts for the examinations but you will be required to complete the CFP® Program within 7 years according to FPAS regulations.