Chartered Financial Consultant® (ChFC®)
Since 1982, the Chartered Financial Consultant has remained the most extensive education available for professionals seeking a designation in financial planning. More than 41,000 individuals have attained this distinction, enabling them to effectively apply a comprehensive financial planning process to their clients’ needs.
Individuals with the ChFC designation have demonstrated their vast and thorough knowledge of financial planning. The ChFC program is administered by the American College. In addition to successful completion of an exam on areas of financial planning, including income tax, insurance, investment and estate planning, candidates are required to have a minimum of three years experience in a financial industry position.
Like those with the CFP designation, professionals who hold the ChFC charter help individuals analyze their financial situations and goals.
Individuals with the ChFC designation have demonstrated their vast and thorough knowledge of financial planning. The ChFC program is administered by the American College. In addition to successful completion of an exam on areas of financial planning, including income tax, insurance, investment and estate planning, candidates are required to have a minimum of three years experience in a financial industry position.
Like those with the CFP designation, professionals who hold the ChFC charter help individuals analyze their financial situations and goals.
Hadthiah PD Hazair
BANDAR SERI BEGAWAN
BANDAR SERI BEGAWAN
Tuesday, October 9, 2007
MORE and more Bruneians are starting to realise the importance of implementing good wealth management plans to secure a financially sound future, the Standard Chartered bank (SCB) observes.
The bank has noted an increase in the number of customers seeking assistance in wealth management.
Bank chief executive officer Tiew Siew Chuen said that SCB strives to instil in prospect clients awareness of financial management and planning by holding seminars for people from all walks of life, including schoolchildren.
"More young people who've only started working for a year or two are quite well versed in the investment market they actually come in to start investing," the chief said.
"The general response is that many of our customers are pleasantly surprised at the broad range of products we offer, as many don't realise that banks in Brunei have a broad range (of products)," she said.
Tiew explained that after conducting seminars bank wealth managers see participants visiting the bank to enquire more and start investing in the products they offer.
SCB boasts the largest selection of unit trusts in the market, with more than 150 funds from more than 19 fund houses. It also has a wide choice of capital guaranteed funds, equity funds, balanced funds, bond funds, money market funds, bond funds, money market funds, and real estate investment.
"Dont put your eggs in one basket. You have to divide what percentage of your wealth should be in multi-currency and what can be put in unit trust," Tiew said.
Other factors the bank takes into account when helping customers to make a more informed decision is by asking what they are planning for so that SCB financial planners are able to work out a model to meet the needs of individual customers.
To further improve its service, SCB has enrolled five staff officers to undertake the chartered financial consultant (ChFC) course which is held in Singapore.
"I believe that we are the only bank in Brunei to have done so," Tiew said, confident that this will help boost their wealth management services further.
The Brunei Times
The bank has noted an increase in the number of customers seeking assistance in wealth management.
Bank chief executive officer Tiew Siew Chuen said that SCB strives to instil in prospect clients awareness of financial management and planning by holding seminars for people from all walks of life, including schoolchildren.
"More young people who've only started working for a year or two are quite well versed in the investment market they actually come in to start investing," the chief said.
"The general response is that many of our customers are pleasantly surprised at the broad range of products we offer, as many don't realise that banks in Brunei have a broad range (of products)," she said.
Tiew explained that after conducting seminars bank wealth managers see participants visiting the bank to enquire more and start investing in the products they offer.
SCB boasts the largest selection of unit trusts in the market, with more than 150 funds from more than 19 fund houses. It also has a wide choice of capital guaranteed funds, equity funds, balanced funds, bond funds, money market funds, bond funds, money market funds, and real estate investment.
"Dont put your eggs in one basket. You have to divide what percentage of your wealth should be in multi-currency and what can be put in unit trust," Tiew said.
Other factors the bank takes into account when helping customers to make a more informed decision is by asking what they are planning for so that SCB financial planners are able to work out a model to meet the needs of individual customers.
To further improve its service, SCB has enrolled five staff officers to undertake the chartered financial consultant (ChFC) course which is held in Singapore.
"I believe that we are the only bank in Brunei to have done so," Tiew said, confident that this will help boost their wealth management services further.
The Brunei Times
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