How Do I Write a RFP?

Registered Financial Planner (RFP) is the American Institute of Registered Financial Planners ( RFPI) Developed international authority certification. In 2004, RFPI established the China Center of the RFP Institute and the RFP Examination Center in Shanghai. ^[1]

Certified Financial Planner Certification

Financial planners originated in the United States. In 1969, a group of financial service professionals from different fields gathered at Chicago O'Hare Airport. Everyone is aware of the shortcomings in the financial services field, and the contradiction between the growing wealth of financial products and the inadequacy of the public in family financial management. Therefore, they put forward a service concept and profession that "focus on customer needs and goals is more important than focus on single financial product sales." spirit. They tried to change the product-oriented service model in insurance, securities, funds, and banking to a new service model centered on customer needs, and to create a new professional system. This new way of financial services is called "Financial Planning", or financial planning.

The American Institute of Certified Financial Planners (RFPI) was formally established in the United States in 1983 and has its associations in 15 countries and regions around the world. Its member organizations spread across 21 countries and regions including the United States, China, Canada, the United Kingdom, France, Germany, Switzerland, Australia, New Zealand, Japan, Singapore, South Korea, India, Malaysia and South Africa, as well as Hong Kong. In 2004, the China Center of the RFP Institute was established and the RFP Examination Center was established in Shanghai.

Current financial planners generally work in banks, insurance, third-party wealth management, securities, funds, trust companies, accounting firms, law firms in European and American countries, and hold financial management positions in various companies, including banks and One third of the insurance companies work. Therefore, obtaining qualifications for professional financial planning is a tool for enhancing competitiveness in a fiercely competitive environment in the future; and because of the high annual salary of financial planners, it has become one of the most popular professions in the world.

The Institute of Certified Financial Planners (RFPI) is an independent, non-profit certification organization for international financial planners, established in 1983. The International Association of Registered Financial Planners provides professional training, qualification and membership services in the field of financial planning, and provides RFP (Registered Financial Planner, Chinese translation: Registered Financial Planner) professional training courses and qualifications worldwide.

After China's entry into the WTO, the domestic economy has rapidly integrated into the global economy, financial markets have gradually opened to the outside world, and financial methods of enterprises and financial institutions have become more diversified, specialized, and internationally aligned. Registered financial planners will certainly have great practice prospects. According to a McKinsey survey, there is a gap of at least 3 million professionals in financial planning in China, and it has been listed as a national training program for scarce talents.

"Career Yearbook" statistics show that registered financial planners are listed in the top ten most popular occupations (third in the United States), with an average annual salary of $ 125,000. In June of the same year, China's first RFP was born, and Beijing, Shanghai, Guangzhou, and Chengdu were listed as test sites.

After the reform and opening up, China s economy has continued to develop at a high speed, and social wealth has accelerated to accumulate. People s needs for their own life planning and wealth management have become more and more common. At the same time, with the continuous enrichment of financial products and the complication of the tax system, people in financial management practices increasingly need the help of professional financial managers to make up for the lack of personal financial knowledge and limited time. A survey result released by the National Economic Prosperity Monitoring Center shows that about 70% of residents hope that they have an ideal financial adviser, and more than 50% are willing to pay the consultant fee. Within the enterprise, finance, as the lifeblood of mastering various types of companies, also increasingly requires high-level financial management personnel. Therefore, financial planners will certainly become one of China's high-paying and popular professions.

Prospects of the times

After China's entry into the WTO, with the marketization of the economy and a large number of foreign financial institutions entering the Chinese market, China's financial industry will face major opportunities and challenges. With the increase of household savings and the continuous increase of personal income, the market space for personal financial services in China is expanding. Chinese and foreign financial institutions have positioned the focus of expanding the future Chinese market on personal financial services. Personal financial planning is bound to become a new domestic industry.

market expectation

Financial planning involves a wide range of services, including investment, insurance, trust, traditional banking services, retirement plans, children's education plans, tax plans, estate arrangements, etc. Financial planners come from personal financial consultants, investment consultants, insurance, etc. Brokers, fund managers, bank managers, certified public accountants, lawyers, etc. There is generally a shortage of talents with professional standards in international financial planning in China. Therefore, these talents, especially registered financial planners who have obtained qualification certification, will surely become the new darlings in China's financial profession. Under this circumstance, those who are engaged in or are interested in joining the financial management industry have gradually realized that only by obtaining professional qualifications, especially those that are in line with international standards, can they enhance their competitiveness and obtain better career development. .

According to relevant statistics, China's personal wealth management market will grow to 57 billion US dollars in 2006. Professional financial management will become one of the most promising and fastest-growing financial services in China. At the same time, about 70% of residents hope that they have the ideal financial adviser, and more than 50% are willing to pay the consultant fee. However, the training of domestic financial planners has just begun, and the shortage of real local financial planners is far from meeting the ever-expanding demand of professional registered financial planners in the financial market. (Transfer from China Financial Network)

RFP Registered Financial Planner-A financial upstart in Aoli's workplace. Registered Financial Planner (RFP) is the most authoritative financial professional qualification in the field of international finance. In recent years, it has been rated as the world's best professional. And actuaries. In the UK and Hong Kong, the average annual income of a financial planner (RFP) has exceeded the salary level of a Harvard MBA, and it is a veritable "golden collar". (Transfer from Sina.com) Registered financial planner will become a "golden occupation". With the full opening of China's financial market at the end of 2007, the influx of foreign financial institutions and the full implementation of international accounting standards, the entire domestic financial industry will be in a mixed operation. Status, strong market demand, causing major banks, insurance, and securities institutions, including foreign financial institutions, to extremely lack financial planning talents with internationally recognized standards. In the next few years, wealth management business will be one of the most important growth areas of the global banking industry. Chinese and foreign financial institutions will focus on the future of the Chinese market in personal wealth management. By then, financial planners will become a "golden occupation" ^[1]

The Institute of Certified Financial Planners (RFPI) was founded in the United States in 1983. Up to now, RFP members are spread all over the world including the United States, China, Canada, Europe, Japan, India, Malaysia, Taiwan, the Philippines and Hong Kong. At present, there are more than 60,000 financial planners worldwide, of which 60% are members in Europe and the United States.

Is it an international certification?

RFP is a global certification system launched by the International Association of Certified Financial Planners RFPI. It is a globally recognized international certification for professional qualifications in the personal finance and corporate finance industries.

What is the outlook for the domestic market?

Financial planning has not been around for a long time in the field of financial services, but it has quickly become a hot industry. This industry is one of the most promising and fastest growing financial services industries in the world. Especially in China

RFP is a qualification certification for the personal financial management industry. The financial industry and finance-related industries have a great demand for personal financial managers with RFP certification. Persons with RFP qualifications can serve as personal financial planners or consultants to provide personal financial services and consulting to clients of their institutions. In western developed countries, RFP is widely distributed in various financial institutions. RFP can serve institutions or companies in banking, insurance, securities, funds, bonds, foreign exchange, futures, gold and other businesses, as well as investment business and investment management company business, and lawyer-related business. China's wealth management business has huge potential. RFP will inject a new and advanced wealth management concept into the Chinese market.