Essential Knowledge of Economics in Financial Planning Practice by Gavin Teoh

RM160.00

Date	8 October 2024
Time	9.00am – 1.00pm
CE/CPE/CPD	10 SIDC CPE Points / 5 FPAM CE Points / 4 FiMM CPD Points
Facilitator	Gavin Teoh

SKU: N/A Category: Workshops

Economics is an integral part of our daily lives, often influencing our financial decisions and shaping our future. This multidisciplinary field studies how people use their limited resources to try to fulfil unlimited wants and it involves alternatives or choices. From budgeting and investment choices to retirement planning and risk management, the principles of economics through its disciplines of microeconomics and macroeconomics provide individuals with tools to navigate the complex financial landscape. The subject is rarely taught deeply in any financial planning course or training, but it is inevitable for financial planners to master the knowledge to explain the influence of economic theories, from mainstream to heterodox economics, that can empower people to make informed financial decisions. Therefore, this course is specially created with the sole motive that through this workshop, the participants will be able to explore how economics subject has played a crucial role in our financial planning practice. Thus, it eventually improves our practice competency to provide sound financial advice to clients.

Learning Outcome

By the end of the course, participants will be able to:

Describe the fundamental issues of the economy and precedent economic theories that would apply in financial planning practice.
Apply key financial market concepts of financial economics in providing good financial advice.
Explain how the tools of monetary policy work in different business cycles and their influence on the economy, market, and consumer behaviour.
Identify issues of exchange rate volatility that impact the financial life of financial consumers.
Discover the irrational behaviours of financial consumers in managing their finances which is beyond the normal and rational economic decisions.
Explain the fundamental economic drivers of juggling financial and time trade-offs in deciding choices that lead to outcomes of family planning, and the roles of financial planning.

Learning Outline

8.30 – 9.00 am	Registration / Pre-Assessment
9.00 – 9.30 am	1. Objectives Relationship of financial planning to economics. The discipline of economics. Economics and consumer behaviour
9.30 – 10.30 am	2. Evolution of Economic Theories Discover economic systems. From classical economics to behavioral economics, knowing its influence on consumer behaviour and economic policy. Rational versus irrational behaviour model. Economic growth and business cycles
10.30 – 10.45 am	TEA BREAK
10.45 – 11.45 am	3. Financial Economics Time value of money. Interest Rate, inflation rate and economic growth.
11.45 am – 12.30 pm	4. Capital Market Debt market- Knowing important knowledge. Equity market- Knowing important knowledge.
12.30 – 2.00 pm	LUNCH
2.00 – 3.00 pm	5. Monetary Economics Conduct of monetary policy. Nonconventional monetary policy.
3.30 – 3.30 pm	6. Foreign Exchange Market Explore factors affect exchange rates in the long run. Explore factors affect exchange rates in the short run.
3.30 – 3.45 pm	TEA BREAK
3.45 – 4.30 pm	7. Behavioural Economics The 2 systems of thinking. Abnormal behaviour of risk and return acceptance explained by prospect theory. Knowing the common emotional and cognitive biases.
4.30 – 4.45 pm	8. Family Economics Putting family into economics Human development
4.4.5 – 5.00 pm	Q&A Session

Facilitator

Gavin Teoh,

Gavin is a practice director of UOB Kay Hian Wealth Advisors Sdn Bhd. He has more than 25 years of experience in financial planning practice with embarking into this industry at age 25 through the Financial Planning Programme (FPP) of AIA Co. Ltd with training partner Arthur Anderson. He then started his fee-based practice in 2006, through CIMB Wealth Advisors-Financial Care Centre (FCC).

He became the first Malaysian financial planner to win the international financial planning award, PlanPlus Global Financial Planning Awards – Asia Region for 2014. He then sat on the adjudication panel of the Malaysian Financial Planner of The Year Award (MFPYA) and PlanPlus Global Financial Planning 2016- 2019.

LICENSES
He is a Licensed Financial Planner with Securities Commission and Financial Adviser Representative with Bank Negara Malaysia. He is also registered with the Federation of Investment Managers Malaysia (FIMM) as a Corporate Unit Trust Adviser (CUTA) Representative and Corporate Private Retirement Scheme Adviser Representative. He extends his scope of investment advisory services with Module 7 of the SC Licensing Examinations (SCLE) and Investor Protection Professional Certification (IPPC) issued by Asian Institute of Chartered Bankers (AICB)- Financial Markets Association Malaysia (FMAM).

QUALIFICATIONS
He became a Certified Financial Planner (CFP) in October 2003 and an Islamic Financial Planner (IFP) in January 2010. Gavin graduated with a Bachelor of Science degree with Honours in Physics from Universiti Kebangsaan Malaysia (UKM), and a Master of Science (Economics) from Universiti Putra Malaysia (UPM) for economic research, “Roles of Human Development and Epidemiological Change in The Malaysian Health System”.

Terms & Conditions

Registration is on a first-come-first-served basis, only 30 seats are available.
Participants need to sit in for the workshop throughout the day to receive the certificate and to fulfill the endorsement of points.
Confirmation is subject to receipt of payment before the workshop.
FPAM reserves the right to amend the program, speaker, date, venue, etc, without prior notice.

Frequently Asked Questions

1. How long will each physical program take?

Each physical program is the equivalent of a day’s CE Workshop training for approximately 8 hours with the morning & afternoon coffee break and lunch in between. The duration of the program excluding the break is 6 hours.

2. Can I attend only half the sessions of the training?

You will need to sit in for the session throughout the day unless you have a valid reason or a copy of proof.

3. Mode of payment?

We accept payment by credit / debit card (VISA / MasterCard / AMERICAN EXPRESS / Discover), by FPX (Affin Bank, Alliance Bank, AmBank, Bank Islam, Bank Muamalat, Bank Rakyat, BSN, CIMB Clicks, Hong Leong Bank, HSBC Bank, KFH, Maybank2E, Maybank2U, OCBC Bank, Public Bank, RHB Bank, Standard Chartered, UOB Bank).

4. How secure is shopping? Is my data protected?

Your data will be handled confidentially and encrypted with SSL (Secure-Socket-Layer) secure server software. The encrypted information of your order, your name, address, credit card, and bank details cannot be retrieved by any third party. Credit card payments will also be verified through the 3D secure procedure.

5. Who should I contact if there is any transactional issue or problem purchasing any product/service?

Kindly drop a message below with the problem statement, and we will get back to you as soon as possible.