Singapore:FPAS to train over 1,000 wealth planners from DBS Bank

| 09 Oct 2018

Financial Planning Association of Singapore (FPAS) and DBS Bank have announced a partnership to develop training and assessment programs for more than 1,000 wealth planning managers within the bank.

This is the first time FPAS, part of the global assembly of the Financial Planning Standards Board (FPSB) in the US, is collaborating with a bank for a large-scale training programme.

DBS and FPAS will collaborate to place the wealth planning managers through training programmes for courses provided by the association – namely the Associate Financial Planner (AFP) course, the Associate Wealth Planner (AWP) course and the Certified Financial Planner (CFP) course.

The partnership will kick off with the training of the first cohort of 50 wealth planning managers in November 2018. The bank aims to complete training for all 1,000 planners in the AFP course by end-2019.

Brandon Lam, Singapore Head of Financial Planning Group at DBS Bank, said: “Our partnership with FPAS supports our aim to create a financial planning culture focused on serving clients who are looking for holistic, intelligent advice from highly-qualified wealth planning managers.”

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Edy Hartono, FPAS President, said: “Our strategic partnership with DBS will strengthen the recognition of CFP certification in Singapore and globally, increase the public’s access to competent and ethical advisers, and will help to promote the financial planning profession.”

FPAS’s collaboration with DBS is also in line with FPSB’s vision to grow the number of CFP professionals to 250,000 professionals in 40 territories by 2025. The CFP certification supports MAS’ Industry Transformation Map (ITM) for financial services, which outlined growth strategies by programmes for upgrading skills and for continuous innovation in the business lines.

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