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Education

If I have completed three modules of the registered education program, could I enroll for Module 6?

Are there any pre-requisite requirements for enrolling into the registered education programs?

If I am a degree holder and have completed 4 modules of the IFPHK Registered CFPCM Education Program, can I apply for some of the papers in the upcoming CFPCM examination?

If I am a resident in Macau and am interested in pursuing the CFPCM certification, is there any approved education provider offering the IFPHK Registered CFPCM Education Program in Macau?

If I am a degree holder and have successfully applied for the Transcript Review for exemption for Module 3 on Investment of the IFPHK Registered CFPCM Education Program, do I still need to sit for the examination on this subject?

If I completed the IFPHK Registered CFPCM Certification Education Program in August last year but failed the December CFPCMCertification Examination in the same year, can I use my pass result of the education program to re-take coming CFPCM Certification Examinations? 

Is there any time limit between the completion date of the Education Program and the examination date?

If I took courses through an education provider in Canada that is recognized by FPSC (Financial Planners Standards Council), could I sit for the examination papers in Hong Kong?

How do I pass the Registered CFPCM Certification Distance Learning Education Program?

Are there any differences between the distance learning mode programs offered by each Approved Education Provider?

Who are the Approved Education Providers offering the Registered CFP Certification Distance Learning Education Program?


Examination

If I am very interested in the CFPCM Certification Examination, can I take the examination by self-study?

If I am NOT a degree holder and I DO NOT have 5 passes in HKCEE, can I still apply for the CFPCM certification examination?

When will the CFPCM Certification Examination be run and when is the corresponding application deadline?

If I did not submit the CFPCM certification examination application form by the deadline specified, is there any policy for late application?

If I am not a member of IFPHK, can I still enroll in the CFPCM certification examination?

Could you please recommend some books or learning materials for preparing the CFPCM certification examination? 

If I have enrolled in the upcoming CFPCM Certification Examination and now want to withdraw due to some reasons, what is the procedure?

When will the examination results be made available?

Is there any expiry date for the CFP Certification Examination results?



Experience

If I used to work in a well known bank in Hong Kong for 2 years and now I am working for an organization related to investments for 1 year, will that be counted as qualified work experience?

Would my work experience in Canada count as qualified work experience when I apply for the CFPCM certification in Hong Kong?


Certification

If I have got the CFPCM certification in the U.K., can I use it in Hong Kong?

If I passed the CFPCM Certification Examination and have already submitted the CFPCM Certification application form to IFPHK, can I print the CFPCM mark on my name card now?


Certification Renewal

If I have left the financial planning field in August this year and do not plan to renew my certification for next year, can I renew my certification in the future when I decide to shift back into financial planning?

This section is for CFPCM certificants looking to renew their certification. Please click  here for the current CFP Certification Renewal Policy and Guidelines on CE Requirements.

What are the Certification Renewal and Ongoing Certification requirements?

When is the Renewal Period?

What if I miss the Annual Renewal deadline?

How do I reinstate my certification within one or two years of my certification expiration?

How do I reinstate my certification after two years of its expiration?

Will there be reminders?

How do I do a voluntary withdrawal?

How do I reinstate a voluntarily withdrawn certification ?

How do I get an exemption from certification Renewal Requirements?

 
 
Education
 
If I have completed three modules of the registered education program, could I enroll for Module 6?

No, Module 6 (Advanced Financial Planning) is the capstone module for the education program and should be taken the last. Students should also have successfully completed all or at least 4 other modules before they enroll for Module 6.
 
 
 
Are there any pre-requisite requirements for enrolling into the registered education programs?

No. However, the approved education providers may have their respective admission requirements for enrolling into the programs. Please refer to the respective promotional leaflets. To determine whether your knowledge level meets the requirements, IFPHK has developed a set of self-tests and a recommended scope of pre-requisite knowledge for individual assessment.  Click here for details.
 
 
 
If I am a degree holder and have completed 4 modules of the IFPHK Registered CFPCM Certification Education Program, can I apply for some of the papers in the upcoming CFPCM Certification Examination?

As a degree holder, you are eligible to enroll for one or more of the CFP examination papers provided you fulfill the pre-requisite education requirement of individual paper. E.g., you need to complete Module 1, 2 & 5 before you are eligible to apply for Paper 1.
 
 
 
If I am a resident in Macau and am interested in pursuing the CFPCM certification, is there any approved education provider offering the IFPHK Registered CFPCM Certification Education Program in Macau?

No. IFPHK Registered CFPCM Certification Education Program is not available in Macau at the moment. You can alternatively bdtxttact our approved education providers in Hong Kong as some of them may offer intensive courses during weekends which may fit your time schedule.

 
 
 
If I am a degree holder and have successfully applied for the Transcript Review for exemption for Module 3 on Investment of the IFPHK Registered CFPCM Certification Education Program, do I still need to sit for the examination on this subject? 

Exemption of Module 3 through Transcript Review means you only need to complete the other 5 modules (i.e. Module 1,2,4 and 5) in order to fulfill the Education Requirement. Once fulfilled, you can proceed to meet the Examination Requirement. Under our current practice, NO candidate can get exemption for any paper in the CFPCM Certification Examination.
 
 
 

If I completed the IFPHK Registered CFPCM Certification Education Program in August last year but failed the December CFPCMCertification Examination in the same year, can I use my pass result of the education program to re-take coming CFPCM Certification Examinations?

Yes, you can use your pass result of the IFPHK Registered CFPCM Certification Education Program to re-take the CFPCM Certification Examination.

 
 
 
Is there any time limit between the completion date of the Education Program and the examination date?

Under our current practice, there is no time limit between the completion date of the Education Program and the CFPCM Certification Examination date.

 
 
 
If I took courses through an education provider in Canada that is recognized by FBSC (Financial Planning Standards Council), could I sit for the examination papers in Hong Kong?

If you are going to enroll for the CFPCM Certification Examination in Hong Kong, you are required to fulfill the education requirement in Hong Kong by completing the IFPHK Registered CFPCM Certification Education Program at approved education providers in Hong Kong.

 
 
 
How do I pass the Registered CFP Certification Distance Learning Education Program? 

To obtain a pass, you must successfully complete the required assessments, the required number of self study hours, face-to-face tutorials, assignments, quizzes and the internal examination.

For more details, please check with the Approved Education Providers offering the distance learning mode.

 
 
 
Are there any differences between the distance learning mode programs offered by each Approved Education Provider?

The new distance learning mode programs offered by each education provider follows the same guiding principles. The learning outcomes have no difference but each provider may in its discretion structure its own program differently.

 
 
 
Who are the Approved Education Providers offering the Registered CFPCM Certification Distance Learning Education Program?

School of bdtxttinuing and Professional Education (SCOPE), City University of Hong Kong 
Tel: 2784 3206 Fax: 2788 7088 
Website:  http://www.cityu.edu.hk/ce/

School of Professional and bdtxttinuing Education (SPACE), The University of Hong Kong
Tel: 2867 8483 Fax: 2858 4750
Website:  http://hkuspace.hku.hk/index.php

Management and Executive Development Centre (MEDC), The Hong Kong Polytechnic University
Tel: 3400 2773 Fax: 2765 6323 
Website:  http://medc.polyu.edu.hk/

 
 
 
Examination
 
If I am very interested in the CFPCM Certification Examination, can I take the examination by self-study?

Self-study is not recognized. Unless you possess professional qualifications recognized by IFPHK as a Challenge Status candidate or you are an overseas CFPCM certificant , you are required to complete the IFPHK Registered CFPCM Certification Education Program offered by approved education providers in Hong Kong.

 
 
 
If I am NOT a degree holder and I DO NOT have 5 passes in HKCEE, can I still apply for the CFPCM Certification Examination?

Yes, once you have successfully completed all the 6 modules of the IFPHK Registered CFPCM Certification Education Program, you will have met the pre-requisite education requirements for all the 4 Papers, and will also be bdtxtsidered that you have fulfilled the requirement for 5 passes in HKCEE.

 
 
 
When will the CFPCM Certification Examination be run and when is the corresponding application deadline?

The CFPCM Certification Examination will be bdtxtducted in June and December of each year. The application deadline for each examination is approximately 12 weeks prior to the examination date. The exact deadline will be provided in the examination application form.

 
 
 
If I did not submit the CFPCM Certification Examination application form by the deadline specified, is there any policy for late application?

Complete application with all required documents and appropriate fees must be received by the IFPHK office on or before the deadline specified on the application form. Incomplete applications or late submissions will not be accepted under any circumstances.

 
 
 
If I am not a member of IFPHK, can I still enroll in the CFPCM Certification Examination?

If you have already fulfilled the education requirements specified by IFPHK, you can proceed to apply for the examination papers. Eligibility for the examination is not affected by the IFPHK membership.

 
 
 
Could you please recommend some books or learning materials for preparing the CFPCM Certification Examination? 

You can find the recommended booklist in English and Chinese in the CFPCM Certification Examination Handbook.

 
 
 
If I have enrolled in the upcoming CFPCM Certification Examination and now want to withdraw due to some reasons, what is the procedure?

If you want to withdraw your application for the coming CFPCM Certification Examination, you can send us a written request with your full name, HKID/passport no., name of exam paper selected and your signature. Upon receipt of your written request, we will stop processing your examination application and you will NOT receive any examination documents afterwards. Please be reminded that no refund of any examination fee will be made for withdrawals.

 
 
 
When will the examination results be made available?

Examination results are normally available within TWO MONTHS after the examination. The result notification letter will be sent to candidates by mail. Candidates can also check the results on IFPHK website upon the posting of examination result announcement.

 
 
 
Is there any expiry date for the CFP Certification Examination results?

For certification purpose, candidates must pass ALL four papers within five (5) years (to accommodate the variation of examination dates in each year, 11 examination intakes are counted). Any pass result exceeds this 5-year period (11 examination intakes) will be considered as expired and cannot be used for certification purpose. 

Upon completion of all 4 papers of CFP Certification Examination, candidate must apply for CFP certification or Associate (Graduate) Membership of IFPHK within 6 months from the last examination date, otherwise all PASS results of CFP Certification Examination will be expired.

 
 
 
Experience
 
If I used to work in a well known bank in Hong Kong for 2 years and now I am working for an organization related to investments for 1 year, will that be counted as qualified work experience?

Whether your work experience will be counted as qualified work experience or not depends highly on the job nature rather than the organization you serve or served. Qualified work experience must fit within one or more of the six steps of the personal financial planning process specified  here .

 
 
 
Would my work experience in Canada count as qualified work experience when I apply for the CFPCM certification in Hong Kong?

To ensure the public in Hong Kong can receive objective and appropriate financial planning advice, we require our CFPCM certificants to have at least one year local experience. That means apart from the one year required qualified work experience in Hong Kong, you can count use the years of work experience in Canada to fulfill your qualified work experience requirement.

 
 
 
Certification
 
If I have got the CFPCM certification in the U.K., can I use it in Hong Kong?

Please refer to the Cross-Border CFP Marks Use Policy by clicking  here .

 
 
 
If I passed the CFPCM Certification Examination and have already submitted the CFPCM Certification application form to IFPHK, can I print the CFPCM certification mark on my name card now?

No. You have to wait until your application is processed and approved. By the time your application is approved, you will receive a formal approval letter to inform you to collect your certificate and a CFPCM Certificant Manual which guides you to use the CFPCM ertification marks.

 
 
 
Certification Renewal
 
If I have left the financial planning field in August this year and do not plan to renew my certification for next year, can I renew my certification in the future when I decide to shift back into financial planning? 

If your renewal application for next year is not received by IFPHK by the deadline specified, you will be bdtxtsidered as not having satisfied the renewal requirements and the certification will automatically be suspended. Currently, a maximum lapse of one year of the certification is allowed, i.e. till the renewal application deadline for the 2nd year, before the CFPCM certification is relinquished. If the certification is let to be lapsed for more than one year, a notice will be sent to you that your certification has been relinquished. You will need to submit a new certification application should you want to reinstate your certification in the future.

 
 
 
What are the Certification Renewal and Ongoing Certification requirements?

CFPCM certificants are required to renew their certification annually in order to continue using the CFPCM marks. To renew their certification, they must maintain technical competence and fulfill ethical obligations. They must complete a minimum of 15 hours of continuing education every year, to stay current with developments in the financial planning profession and better serve clients. In addition to the annual continuing education requirement, all CFPCM certificants agree to voluntarily disclose any public, civil, criminal or disciplinary actions that may have been taken against them during the previous year as part of the renewal process.

 
 
 
When is the Renewal Period?

The one year certification period is by calendar year, from 1 January to 31 December. All current CFPCM certificants must submit their completed and signed certification renewal application forms with appropriate fees to the IFPHK before December 31 each year.

 
 
 
What if I miss the Annual Renewal deadline? 

A CFP certificant who misses the renewal deadline on 31 December can still apply for renewal before end of February in the following year without seeking reinstatement by paying a late fee of HK$200. 

If a completed application is not received by the end of February in the following year, the CFP certificant will be considered as not having satisfied the renewal requirements and the certification will automatically be suspended. The list of "temporarily suspended CFP certificants" will be posted on IFPHK's website and published in its official publication as public information. IFPHK may take any other actions it deems appropriate.

 
 
 
How do I reinstate my certification within one or two years of my certification expiration?

For CFPCM certificants who want to reinstate their certification after the renewal deadline and before 31 December of the next year or the year after, they must:

  • Submit a completed CFPCM Certification Reinstatement Form together with a completed CFPCM Certification Renewal Application Form
  • Pay appropriate certification fees for the year(s) lapsed
  • Pay prevailing 1st or 2nd year reinstatement fee
  • Fulfill the continuing education requirement for the year(s) lapsed
  • Continue to adhere to IFPHK’s Code of Ethics and Professional Responsibility
 
 
 
How do I reinstate my certification after two year of its expiration? 

The former certificant has to retake and pass Paper 4 of CFP certification examination within 5 years after certification expiration, and re-submit CFP certification application to IFPHK to regain the CFP certification.

If the certification has expired for more than 5 years, the former certificant is required to fulfil all 4Es requirements again in order to regain the CFP certification.

 
 
 
Will there be reminders?

Several reminders will be sent to certificants reminding them of renewal and continuing education requirements prior to 31 December. 

After the extended renewal deadline on 28 or 29 February, a deficiency notice will be sent to certificants whose renewal applications are outstanding, alerting them that their certifications have been temporarily suspended .

Before the certifications are lapsed for renewal for more than 1 year, a reminder will be sent to urge the certificants to do reinstatement within 1 year after certification expiration.

Before the certifications are lapsed for renewal for more than 2 years, a relinquishment reminder will be sent to prompt the certificants whose certifications are temporarily suspended that failure to renew before the next deadline will lead to relinquishment of their certifications.

If the certifications remain lapsed for more than 2 years, a notice will be sent to these former certificants that their certifications have been relinquished. They will need to retake and pass Paper 4 of CFP certification examination within 5 years after certification expiration, and re-submit CFP certification application to IFPHK should they want to regain their certifications. 

If the certifications remain lapsed for more than 5 years, the former CFP certificants are required to fulfill all the 4Es requirements again in order to regain the CFP certifications.

 
 
 
How do I do a voluntary withdrawal?

A CFPCM certificant may declare voluntary withdrawal by submitting a written request to IFPHK any time before the current certification expires.

If such a request is not received before the certification renewal application deadline, it will be considered as "certification suspension" or "certification relinquishment" unless the reinstatement application is received with all renewal deficiencies being made up beforehand.
 
 
 
How do I reinstate a voluntarily withdrawn certification?

Reinstatement of voluntarily withdrawn certifications can be granted by IFPHK if the former certificants choose to do so within the first two years that they withdraw their certifications; and they must:

  • Submit a completed CFPCM Certification Reinstatement Form together with a completed CFPCM Certification Renewal Application Form
  • Pay appropriate certification fees for the year(s) lapsed
  • Pay prevailing 1st or 2nd year reinstatement fee
  • Fulfill the continuing education requirement for the year(s) lapsed
  • Continue to adhere to IFPHK's Code of Ethics and Professional Responsibility
Reinstatement of certifications is only allowed within the first two years of withdrawal of certifications. After that, the former certificant must retake and pass Paper 4 of CFP certification examination within 5 years after certification expiration, and re-submit CFP certification application to IFPHK in order to regain the CFP certification. After 5 years of certification expiration, the former CFP certificant has to fulfill all the 4Es requirements again in order to regain the CFP certification.
 
 
 
How do I get an exemption from Certification Renewal Requirements?

A certificant who cannot comply with the renewal requirements for health reasons or other circumstances beyond his/her control can submit a written request to IFPHK for consideration. Such a request must include an explanatory letter and all applicable supporting documentation. All requests will be considered by the Executive Committee of the IFPHK on a case-by-case basis.

Also, concessionary fees in the event of hardship will also be considered upon requests by certificants.