 Professional financial planners began known to the public. Many people claim to financial planning experts, but had no ability as required by the profession. The public will be harmed. Unfortunately, there is no specific legal sanctions for those who can only claim as a financial planner.
Certification is urgent. Infobank team
Financial planner (financial planner) is like a doctor. The parable was delivered by Roy Sembel, educators financial planner who is also Director of the Master Program in Financial Management, Bina Nusantara University, Jakarta. Like a doctor, he should be able to diagnose the financial health of their clients today, suited or not the intended direction to the current situation, diagnosing his client objectives are correct or not, or diagnose a client's investments that have been made are correct or not.
"From diagnosing the current situation, future goal setting, determining strategy achieve the goal, the implementation of the strategy, with the ability to monitor or monitor achievement compared with the plan," he told Kristopo of Infobanknews.com, some time ago in Jakarta.
Aidil Akbar Madjid, Chairman of the International Association of Registered Financial Consultants (IARFC), has another analogy for financial planners, which is like a man who learned to swim or learn cycling. If you just read the book to learn how to swim or cycle, but never plunge into the pool or riding a bicycle, he will not be able to be a swimmer or cyclist is good. Because, who knows only a theory. In fact, between theory and practice will be different in the field.
Therefore, according to Aidil, a financial planner must never perform a process of financial planning. "At least, he must do two-three cases before he felt comfortable in providing services to customers. Because, if he can not, (this is) the same as well as people learn to swim. Because it can not, eventually (she) kelelep too, "he said to Kristopo.
To get there, it is not easy. The professional education must be passed if someone interested in becoming a financial planner. Unfortunately, not many institutions that hold the professional education in Indonesia. For example, Financial Planner Association of Indonesia (FPAI) and IARFC.
FPAI provide education in cooperation with the University of Bina Nusantara, Jakarta. Meanwhile, IARFC collaboration with the University of Indonesia in Jakarta; Veteran Christian University in Surabaya, East Java; and Sentomas University in Medan, North Sumatra.
How long does it take to become a financial planner? It all depends on the person's ability to complete the exam. We take the example of education that was held IARFC. There are two titles given IARFC, namely registered financial associate (RFA) and registered financial consultants (RFC). RFC is the highest degree.
To get the RFA title, for example, according to Aidil, participants must go beyond two stages of education. The first stage is the basic class financial planning. In class, participants are taught the basics about financial planning thorough. Starting from the financial planning process, sciences calculation of financial services, to be able to resolve the case.
Class basic financial planning undertaken about 35 hours of meetings. "So, if we meet twice a week and each met three hours, meaning about 1.5 months of education. In addition, they must do two cases, "he added. Each case usually requires the completion time of 48 hours.
Afterwards, participants were allowed to take classes intermediate financial planning. The class lasts about 25 hours of meetings, approximately a month. Here, the participants have to work on three cases. If the total, the class only about three months. For the case, five cases multiplied 48 hours, ie 240 hours. "So, if plus other cases, probably about five-six months to get the certificate," said Aidil.
Why class meeting only 60 hours, while the case settling time of 240 hours? "Because, they are educated to be able to work on the case and provide services. Therefore, akhinya, a financial planner must be able to provide services to its customers, "said Aidil.
Another institution, perhaps, also other curriculum, methodology, and longer education. To become a chartered financial consultants (ChFC) using the semester module, proverbs Bambang Herman, Academic Affairs Sektretaris Master of Management Program, Faculty of Economics, University of Indonesia (UI), the time span of four years. Understandably, indeed, there is no single reference regarding this financial planner.
"Each has advantages for educating and testing different patterns. However, all of the education that equips knowledge base, skills, and attitude for an FP (financial planner), "said Bambang Herman to Kristopo at UI, Depok.
What is clear, Bambang, Aidil, and Roy agreed on the importance of a financial planner has a certificate. With the certification that gives the title of financial planner, said Aidil, customer confidence will increase. According to Bambang, the certification also reflects that disabling been tested knowledge, understanding, analytical skills, and know the rules of the game.
Moreover, this profession is very tangent to the three major industries in the financial sector, namely banking, insurance and capital markets. In fact, the three actors in the industry are familiar with the certification. For example, certification of risk managers in the banking, insurance agent certification, and certification stockbroker in the capital market. In fact, the leaders in the banking and insurance industry must first pass the fit and proper test.
If not certified, said Roy, the consequences could be dangerous. People can carelessly claimed as a financial planner and opened practice. If it were so, people can become victims. "If you do not have it, people will claim only. In fact, perhaps, that person does not know what it looks like analysis, "said Bambang. Aidil added, "The name of the certification was not only given the title alone, but there is a code of ethics that must be obeyed."
Unfortunately, although no certification, if the person claiming to be a financial planner and opened a practice, there is no specific legal sanctions that would entrap him. "Therefore, the system in Indonesia about the profession 'it is not good," said Bambang. There is only a general rule. That is, if the injured party to the police, oknumnya will be charged offense of fraud, for example.
If anyone has not passed the exam as a financial planner, but claimed to be a financial planner, according to Roy, the person should be rewarded moral sanction of public and administrative sanctions of association. One way to announce his name. "Once customers know, do not touch with that person. Let him embarrassed and ostracized, "he added. Well, according to Aidil, with certification, less likely to cheat a financial planner, although the chance is always there.
In fact, Aidil stressed the importance of financial planners have internationally recognized certification when we entered the era of the global market. "At present, we can not close our eyes again that the investment manager of Hong Kong will come to Indonesia offers investment products. It could happen. Financial manager of Singapore will come to Indonesia to offer their products, "he explained. If we rely on the certification locally, he concluded, we are not able to compete with outside financial planners.
To avoid the possibility of fraud before, people should be cautious. Society must ask whether the person claiming to be a financial planner that has been certified or not. Bambang, Aidil, and Roy stressed the importance of asking.
"It must be asked directly to the person. Do have a certificate or formal titles which prove that indeed he is capable of in terms of knowledge and in terms of flying hours? Moreover, in terms of ethics are acceptable. Then, can be checked to a local association, "said Roy.
Aidil said the perpetrators of financial planning obligation socialize to the public while waiting for legal sanctions for offenders. "Currently, in Indonesia there are no legal sanctions applicable because the rules are still being deliberated. But, this will be a must and I think, be a very important. Therefore, we see, a lot of financial manipulation going on, "he said.
Such conditions, according Aidil, not separated from the still new professional financial planners in the country. The profession was introduced in the country of origin in the United States in the 1970s. But, from socialized in the 1980s. At that moment, Uncle Sam's country has regulations that houses a financial planner.
"We in Indonesia, frankly, far behind the United States around 20-25 years. From Singapore, we left behind 15 years and from Malaysia we are lagging about 10 years. So, it is natural that the regulations or the rules governing financial planning is not yet complete, "said Aidil. In conditions like that, he looked at the importance of a certification.
Unfortunately, let alone inquire whether a certified financial planner or not, these two celebrities never confess financial planning services offered by financial planners. They certainly never heard of the profession, but does not know much what kind of creature it is a financial planner.
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