The 2 charts above shows the number of Life Insurance Agents vs the growth of Licensed Financial Planners in Malaysia respectively.
Licensed financial planners are showing a constant growth throughout the years.
In year 2021, we have seen the number of licensed financial planners increase by close to 300 new financial planners.
Life Insurance Agents represent the Insurer to look for clients, whereas Licensed Financial Planners represent the client to look for insurance.
When it comes to insurance in Malaysia, there is no clear winner. Every insurance company have their unique strength.
Licensed financial planners can choose the best of class product for their clients from multiple insurance companies.
As a licensed financial planner, you can offer products from A company to G company to P company and back to A company again.
10 Possible Sources of Income
Unit Trust Upfront Fee
Unit Trust Wrap Fee
Unit Trust Trailer Fee
Life Insurance Commission
Life Insurance Product Comparison Fee
General Insurance Commission
Group Insurance Commission
Estate Planning Fee
Other Referral Fee
As shown in the table above, being a licensed financial planner allows you to have the flexibility to determine how you want to grow your career.
With various ways to earn an income as a financial planner, you may choose the path that suits you best.
Clients may have higher expectations if you are a licensed financial planner. But let’s be frank, we may not know everything that is happening around us.
Our company have in-house experts that will provide you with monthly factsheets* and comparison* of various products and frequent updates on the financial market.
FA Advisory (Malaysia) is part of the Financial Alliance Group in Singapore.
Being part of the Financial Alliance Group not only provides you with the best-in-class support and technology, but also the opportunity to access to cross-border knowledge and solutions.
Connect with colleagues from Singapore for potential collaboration and knowledge transfer.
Using existing technology within the group, consultants will access to the following benefits: