Malaysia: Financial adviser numbers surge
Source: Asia Insurance Review | Oct 2017
The number of firms engaged in financial planning in Malaysia has increased by 45% since 2015, while the number of licensed financial planners has grown by around 23%, according to Ahmad Fairuz Zainol Abidin, Malaysia’s Securities Commission deputy chief executive.
“We expect these numbers to rise further following the recent approval of three new financial planning companies,” he said at a financial planning conference.
There are around 35 firms engaged in financial planning activities, including wealth management, asset management and advisory firms, according to records from the Commission. There are around 700 licensed financial planners, reported International Adviser.
The Commission aims to add another 500 professionals to the financial planning sector over the next three years. A