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Outstanding Financial Management Planner Awards


Jointly organised by:


 

Amidst increasing awareness of the importance of financial planning and wealth management, the HKIB strives to enhance the competency and integrity of financial planners and wealth management practitioners through this highly recognised Awards programme. Launched in 2006, the Awards recognise individuals who excel in the financial planning and wealth management profession.

Eligibility & Application

The Awards are open to financial planning practitioners in the banking and financial services sectors in Hong Kong and Macao. Applicants can choose to enter one of the following categories, based on their years of work experience and the nature of their practice:

Each applicant is required to submit a written financial plan, either in English or Chinese, and orally present the plan to the judges. The applicant''s current employer must endorse the plan prior to submission. Applicants may write the financial plan in one language and orally present it in another.

Timeline

Date* Detail
30/06/2022 Information Session
13/07/2022 Early Bird Offer Close
22/07/2022 Registration Deadline
26/07/2022 AM or
28/07/2022 AM		 Training - Module I - Foundation Training (3 hours)
26/07/2022 PM or
28/07/2022 PM		 Training - Module II - Best Practice Training (3.5 hours)
29/07/2022 AM or
29/07/2022 PM		 Training - Module (III) Practical & Soft Skills Training (3.5 hours)
02/09/2022 Written Financial Plan Submissions Deadline
30/09/2022 6:00pm Round 1 - Results Announcement
25/10/2022 -
26/10/2022		 Round 2 - Closed Door Oral Presentation
04/11/2022 6:00pm Round 2 - Results Announcement
17/11/2022 Final Round - Closed Door Oral Presentation
To be Confirmed Awards Presentation Ceremony

 

For enquiries, please contact:

ofmp-awards@hkib.org or (852) 2153 7800

Awards

    No. of Awards
Round 1 Certificate of Merit TBC
Round 2 Silver and Bronze Awards
Best Presentation Awards
Best Financial Planning Proposal Awards		 21
3
3
Final Round Grand and Gold Awards
Top Nomination Award		 9
TBC
8


Judging Criteria (for Round 1)

Trust Establishment (10%)
  • Undergoing a meaningful due diligence process on Knowing Your Customer (KYC) for the purpose of understanding the person
  • Scrutinise the source of fund and wealth to confirm the trustworthiness of the customer
  • Conduct an efficient and practical risk profiling that measures the actuality of risk tolerance vs risk perception
  • Gather and build a mutual sense of investment and decision responsibility
Recognising Financial Needs and Life Goal Analysis (20%)
  • Understand purpose of life and event planning for different life stages and challenges facing family situations
  • Collect financial and personal data e.g. income and expenses, assets and liabilities, insurance coverage and retirement benefits
  • Determine customer''s current wealth stage – creation, accumulation, protection or distribution
Undergoing Financial Assessment (25%)
  • Conduct reality checks on future goals vs current financial and human capital
  • Net worth and cashflow analysis, current and future inflows and outflows of capital
  • Current asset and liabilities vs future ones such as tax and estate liabilities
  • Evaluate and identify current and future financial gaps
  • Assess the effectiveness of the customer''s current portfolio and investment allocation
Structuring Financial Plan (35%)
  • The concurrence of the proposed strategy built on the pillars of investment planning, protection planning, estate and succession planning and philanthropic planning
  • Recommend the most suitable insurance and protection products to meet various goals for the customers and his/ her family
  • Recommend the most suitable savings strategy and products to bridge or close the gaps for retirement, healthcare, and other life goals
  • Recommend the most suitable investment products and asset allocation strategy to reposition existing assets taking into account of risk management, domicile, time-horizon of goals and objectives, and regulatory requirements
  • Build an effective Investment Policy Statement (IPS) as a guideline for investment decisions and to manage the customer''s expectations over time
Timely implementation and Expectation Management (10%)
  • Develop a detailed action plan checklist and a detailed review schedule as per the strategy and the purpose of each review and anticipated actions
  • Review goal status and impact on agreed plan and solutions
  • Examine the deviation from the IPS and the changes of risk parameter over time
  • Demonstrate the portfolio review mechanism
  • Describe a mechanism that cross-checks that customer''s level of satisfaction

Assessment Process

Stage Details
Round 1: Written Financial Plan Participants submit written financial plan based on hypothetical cases provided
Round 2: Closed Door Presentation Participants are invited to orally present their written financial plans to judges
Final Round: Best of the Best Select Grand/ Gold/ Top Nominations Awards

Registration For the 15th HKIB OFMP Awards:

  • Step 1: Complete the online registration form
  • Step 2: Submit a photo1 and scanned copy of business card2 to ofmp-awards@hkib.org
  • Step 3: Submit payment3

All 3 of the above steps must be completed by registration deadline of 22 July 2022 (Friday).

Note:

  1. Both Front and Back side (if applicable) copies of the business card must be submitted, with the file format: BC_[Surname][Given name].pdf (e.g. BC_CHAN David.pdf)
  2. The photo should be in JPEG format in business attire, with plain white background and minimum 300 dpi resolution, in the file format: Photo_[Surname][Given name].pdf (e.g. Photo_CHAN David.jpg). The photo will be used on HKIB OFMP Awards related publications whenever applicable.
  3. Payment
  • Crossed cheque made payable to "The Hong Kong Institute of Bankers", and mail or deliver to:

The 15th HKIB OFMP Awards
The Hong Kong Institute of Bankers
3/F, Guangdong Investment Tower
148 Connaught Road Central
Hong Kong

For e-cheque, please state "The 15th HKIB OFMP Awards Registration Fee" under "Remarks" and email to ofmp-awards@hkib.org

  • Credit Card (VISA / Master Card only)

For registration enquiries, please contact us at:

  • ofmp-awards@hkib.org /(852 2153 7800)

Download

The 15th HKIB OFMP Awards - Awards Booklet
[PDF]
The 15th HKIB OFMP Awards - Registration Guidelines
[PDF]
The 15th HKIB OFMP Awards - Application Form
[PDF]