13 months ago

Blue Chip Issue 82

  • Text
  • Financial
  • Advisors
  • Investments
  • Equity
  • Wealth
  • Offshore
  • Asset
  • Portfolio
  • Investing
  • Global
  • Momentum
Welcome to our Investing Offshore Special Edition of Blue Chip. a quarterly journal for the financial planning industry and the official publication of the Financial Planning Institute of Southern Africa NPC (FPI). Blue Chip publishes contributions from FPI and other leading industry figures, covering all aspects of the financial planning industry.

Planning a brighter

Planning a brighter future FPI launches Young Financial Planners Organisation As part of its vision to make professional financial planning available to all South Africans, the Financial Planning Institute has launched the Young Financial Planners Organisation (YFPO), a member-led FPI community. YFPO is actively seeking under-45s who work as – and aspire to work as – financial planners. “YFPO is all about uniting and inspiring the young generation of CFP® professionals,” says FPI CEO Lelané Bezuidenhout, who explains that it will do this by bringing together FPI students, candidates and professional members under the age of 45 in a spirit of collective improvement. “The ultimate beneficiary of the YFPO will be the South African consumer,” adds Bezuidenhout. “Improved access to quality financial planning and professional financial advice is needed to build a better future for this country.” What YFPO does and how it does it YFPO’s overarching purpose is to professionalise financial planning in South Africa, while at the same time championing diversity and inclusion in the industry. YFPO does this at all phases of the professional journey: 1. Planting the seed. Visiting schools and universities to encourage young South Africans to pursue a career in financial planning. Presenting financial planning as an attractive career option, and making clear the benefits of a career in financial planning. 2. Nurturing the seedling. Giving support and mentorship to young financial planners entering the profession. Helping these people to become successful financial planners and encouraging them to obtain the CFP® designation. 3. Growing together. Providing a networking space where young financial services professionals can not only learn from one another, but also promote professional financial planning and provide invaluable thought leadership to both younger members and the wider community. Similar to the life cycle of a plant, it is hoped that young South Africans who are inspired to become financial planners in Phase 1 will go on to first join the organisation and then to become mentors for subsequent generations of financial planners. YFPO will not be afraid of getting its hands dirty, either. “One of the ways of improving access to quality financial planning in South Africa is to work closely with corporates to embed holistic professional financial planning as the gold standard,” says Luke Martins, the chair of YFPO. “YFPO will impress upon the next generation of planners how much more valuable professional financial planning advice is than product-led advice.” Who can join? YFPO is open to FPI professional members as well as students and candidate members. The organisation is aimed at under-45s, although CFP® professionals who join before this age can elect to remain involved as veterans and mentors. Walking the talk Are you passionate about the financial planning profession? And are you committed to living our values? • Professionalism: Will you aspire to excellence in everything that you do? • Diversity and inclusion: Will you promote diversity and inclusion at all times? • Client first: Will you always act in the best interest of your clients? • Integrity: Will you always be honest, consistent and transparent? • Fairness: Will you treat others how you would like to be treated? • Diligence: Will you always take pride in what you deliver? If you answered yes to these questions then YFPO is the community for you. Visit to join our online community. We look forward to planning a better future for all South Africans, together! 76

FPI certification planning for 2022 FPI is planning three professional competency examination sittings in 2022 across all designations. These examinations will be held on 10 and 11 March, 14 and 15 June, and 22 and 23 September. Registrations will close two weeks before the examination. All examinations are conducted online via a proctoring system. Once a candidate has registered and paid for the examination, FPI will provide access to the learning support portal and community. FPI will also continue increasing the technical support to candidates writing the examination in 2022. Engagement and commitment is key to passing this examination. The Financial Planning Standards Board ran the Global Job Analysis Survey in 2021, and South Africa was one of the territories participating. This research identifies the abilities and skills necessary for a Certified Financial Planner® professional to competently serve clients in financial planning engagements. We expect to receive the survey’s final results during the first quarter of 2022, after which FPI will review the curriculums and competency profiles for our designations in line with this information. From the initial feedback, there is a global movement to include technology and the psychology of financial planning in the curriculum. Contact for further information. Nici Macdonald CFP®, HOD: Certification, FPI 77

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