Robert Foo Jee Yee MBA, CFP®
Robert is the Managing Director of iFPN Sdn. Bhd. (owner of the iFPN brand) and is also a Director and Principal Consultant of MyFP Services Sdn Bhd a licensed financial planning firm. He has over 15 years experience in financial services through senior positions in commercial banks and a global life insurance company.
He has served as the Vice President of the FPAM’s (Financial Planning Association of Malaysia) Board of Governors for years 2003 – 2005 and was also Chairman of the FPAM Disciplinary Committee 2005, Chairman of the FPAM’s KL Chapter 2003-2005 and a member of FPAM’s Board of Certification and Standards and also the FPAM Standards & Professional Review Committee. Robert is the Vice President (External Relations) 2009-2010 for the Malaysian Association of Chartered Financial Consultants a recognised body of the licensed financial planners and advisors for Malaysia.
He has contributed significantly to the development of financial planning in Malaysian through talks, forums organized by FPAM and has appeared in television programs. His articles and opinions have been frequently published in various mainstream newpapers and magazines including FPAM’s 4E Journal, Personal Money, The Star, The Sun, The Edge Financial Daily and Oriental Daily.
Eng Meei Yu B.Sc. (Hons.), CFP
Ms. Eng Meei Yu obtained her B.Sc. (Hons.) in Mathematics and Computing from Queen Mary College, University of London. She is also a Certified Financial Planner® (CFP). Ms. Eng is the Executive Director of iFPN Sdn Bhd (owner of iFPN brand). She has over 10 years experience in banking specialising in the development and marketing of retail financial services with in-depth exposure in bank loans and deposit products, unit trusts, insurance, electronic distribution channels and various other financial related services. Subsequently, she gained experience in a foreign controlled life insurance company where she was in the team that developed the alternative distribution channels and bancassurance.
Currently, she is the Executive Director of iFPN Sdn Bhd (owner of iFPN brand). She is also a Director and Principal Consultant of MyFP Services Sdn Bhd, a licensed independent financial planning firm. In addition to advising MyFP’s clients, she also handles the systems development, business operations & administration for the company. She regularly lectures in CFP® Program courses and was the Treasurer of the FPAM KL Chapter for 2003 – 2004.
She has contributed significantly to the development of financial planning in Malaysian through her lectures, talks and has contributed many articles and opinions directed to readers of Oriental Daily newspaper.
In order to build your credibility as a financial planner, dispensing impartial advice and being transparent with your client are critical factors to adhere to.
At a time when debts and expenses are skyrocketing, financial planners are being hailed as saviours and protectors of their clients’ wealth from the big bad wolf of bankruptcy. Even so, financial planning is still a relatively misunderstood industry. Some deem it a fancy term for product-pushing, while others view it as a form of financial counseling.
In our earlier article entitled “Why you need an independent financial planner!” we gave readers some points of why it is important to work with a financial planner. The reasons included client’s general lack of financial knowledge and also that financial planning requires multi disciplinary skills and multi industry knowledge. Time constraints faced by individuals, the normal lack of discipline, the ever changing market and economic situation are also reasons why working with a professional financial planner is so important in organizing and making important financial decisions that impact an individual’s financial well being in the long term. My colleague Robert Foo and I also stressed that it is important to work with a financial planner who is independent and places the clients interest first and that the mode of compensation has a great effect on the level independence of your financial planner.