Financial Planning in the Philippines

Welcome to Financial Planning Standards Board’s (FPSB) Philippines web page. FPSB created this page to introduce Filipinos to the concept of financial planning and the benefits of establishing long-range strategies to help you reach your personal short- and long-term financial goals.

Financial planning is the process of meeting your life goals through the proper management of your finances. Life goals can include buying a home, saving for your child’s education or planning for retirement. The financial planning process consists of six steps that help you take a holistic or completely integrated approach to assessing your financial health and where you are financially. By using these steps, you can work out where you are now, what you may need in the future and what you must do to reach your goals.

Financial planning provides direction and meaning to your financial decisions. It allows you to understand how each financial decision you make affects other areas of your finances. By viewing each financial decision as part of a whole, you can consider its short- and long-term effects on your life goals. You can also adapt more easily to life changes and feel more secure that your goals are on track.

Types of Financial Advisers

There are several types of financial advisers who are able to provide financial planning services. A ‘fee-only’ financial planner, one who charges a fee for his or her financial planning services, is someone who typically uses a holistic or integrated approach to provide a client with integrated strategies to achieve financial and life goals. Another type of financial planner is one who is ‘tied’ to a financial institution or company. Such individuals typically hold insurance or securities licenses that allow them to buy and sell products and/or financial instruments to their clients. Ethical financial planners will refer their clients to other professionals for services that they cannot provide and disclose any referral fees they may receive in the process. To learn more about other types of financial advisers, click here.

About FPSB

FPSB manages, develops and operates certification, education and related programs for financial planning organizations to benefit the global community by establishing, upholding and promoting worldwide professional standards in financial planning. FPSB demonstrates its commitment to excellence with the marks of professional distinction – CFP, CERTIFIED FINANCIAL PLANNER and CFP Logo Mark. FPSB has a nonprofit member organization in the following 25 territories: Australia, Austria, Brazil, Canada, Chinese Taipei, Colombia, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Japan, Malaysia, New Zealand, the Netherlands, the People’s Republic of China, the Republic of Korea, Singapore, South Africa, Switzerland, Thailand, the United Kingdom and the United States. In 2013, there were more than 153,376 CFP professionals worldwide. For more, visit fpsb.org. Follow FPSB on Twitter or Facebook.

To learn more about the six-step financial planning process, click here.

If you are interested in finding out how to bring the CFP certification program to the Philippines, click here.

© 2014, Financial Planning Standards Board Ltd. All rights reserved. Through a licensing agreement, portions of the material in this section is based wholly or in part on copyrighted materials owned by Certified Financial Planner Board of Standards Inc. See our copyright notice for more.