RFP Module 3 study guide

RFP Module 3 · Work through your exam, one topic at a time.

RFP Module 3 is one of the six taught modules (M1–M6) that make up the Registered Financial Planner qualification awarded by the Malaysian Financial Planning Council (MFPC). A parallel Shariah RFP track exists, and candidates sit the same module structure under either designation. The RFP Module 3 study guide has 7 sections and about 1,790 words.

Module 1: Financial Planning Process and Ethics

Module 1 covers the financial planning process, client engagement, data gathering, goal setting, analysis, recommendation, implementation, and monitoring. It also tests ethics: fiduciary duty, disclosure of conflicts, confidentiality, competence, and documentation.

272 words, about 1 min 02

Module 2: Risk Management and Insurance Planning

Module 2 focuses on identifying and managing personal risks through insurance and risk-control techniques. It tests life, health, disability, long-term care, property, liability, and business insurance, plus policy provisions, underwriting, beneficiaries, and needs analysis.

274 words, about 1 min 03

Module 3: Investment Planning

Module 3 is investment planning: risk and return, asset classes, diversification, portfolio construction, securities analysis, mutual funds and ETFs, derivatives, behavioral biases, and performance evaluation. Questions often require calculating a portfolio return or judging suitability.

264 words, about 1 min 04

Module 4: Tax Planning

Module 4 covers personal income tax, deductions and credits, capital gains, investment taxation, tax-advantaged accounts, gift and estate tax basics, and planning timing. It tests jurisdiction-specific rules, so use the rules given in the exam's current tax tables.

244 words, about 1 min 05

Module 5: Retirement Planning

Module 5 tests retirement goal analysis, inflation, longevity, accumulation and decumulation, pension and social security benefits, withdrawal sequencing, and risk management in retirement. Retirement need is a cash-flow problem: living expenses, health care, debt, and taxes minus guaranteed income.

237 words, about 1 min 06

Module 6: Estate Planning

Module 6 covers estate transfer: wills, intestacy, probate, trusts, beneficiary designations, gifts, powers of attorney, estate liquidity, and estate taxes. It tests how assets pass and who controls them.

249 words, about 1 min 07

Module 7: Project Paper and Comprehensive Plan

Module 7 is the project paper: a comprehensive case requiring integration of Modules 1-6 into a client plan. It tests assumptions, calculations, prioritization, suitability, and written communication.

250 words, about 1 min