- Advise on securities and / or futures;
- Advise on and / or arrange life insurance (whether or not include investment-linked policies);
- Advise on and / or market of collective investment schemes.
Exam Syllabus
Part I: (forms about 70% of the exam, requires 75% passing score)
- Financial Advisers Act And Financial Advisers Regulations - Financial Advisers And Representatives
- Financial Advisers Act And Financial Advisers Regulations - Conduct of Business, Powers Of Authority And Offence
- Notices and Circulars of MAS and FAA
- Prevention Of Money Laundering And Countering The Financing Of Terrorism - Financial Advisers
- MAS Guidelines
- Revised Code On Collective Investment Schemes
- Central Provident Fund (CPF)
- Needs Analysis
Part II: (forms about 30% of the exam, requires 80% passing score)
- Why Professional Ethics Matter
- Professionalism
- Ethical Behavior
- Unethical Behavior
- Conflict Of Interest
- Fair Dealing
- Ethical Marketing & Sale Of Financial Products
- Developing Client – Representative Relationships
- Fact Finding And Needs Analysis
- Analysing And Evaluating A Client’s Financial Status
- Developing Appropriate Strategies And Solutions
- Presentation Of Analysis And Solutions To Clients
- Reviewing Clients’ Portfolios
- Basic Financial Planning Guide
About the Exam
- 150 MCQs (computer-based)
- Duration: 3 hours
- Passing score: 75% for Part I, 80% for Part II (you only pass if you meet both passing score)
- Fee: $185.30 (Mon-Fri 9-6pm) or $203.83
There is no exemption for RES 5. You can expect about 30% of the exam questions to test you on memorization (e.g. within how long to lodge a report).
Relevant Products
- 1813 unique practice (mock exam) questions in all Plans
- 2.5 Hrs of E-Learning tutorial or audio course content offered in Silver Plan or higher
A recommended study time of 97 hours is recommended to prepare for this exam.
Up to Date, Latest Edition
CMFAS Academy has always been the first in the industry to update its material and content to align to any change or update in the official exam syllabus. We are so confident with our content that we offer the Pass Guarantee.
Exam Prerequisites / Resitting
There is no prerequisite to take this exam. You may also retake it immediately and with no restriction as to the number of times you take it before you pass.
Certificate of Completion
Obtain a Certificate of Completion for your learning efforts, even before you pass the exam! This is especially useful when you need to convince potential employers of your readiness for the job.
Pricing Information
For full pricing information, click here: Pricing
How to start preparing for this Exam:
1. Registering an account by itself is FREE. It can be done either by using your Facebook account, Google account, or completing a sign up form using your e-mail address. A free member may get free trials to our content and access to free resources.
2. After logging in to your account, click on "Subscribe".
3. Choose the exams you need to clear, pick the desired plan(s) for each exam.
4. Pick the desired payment method. You will only be billed one time (non-recurring).
Official Study Guide and Booking of Exam Date
CMFAS Academy is a private institution offering online e-learning programs to help candidates pass the exams. The official administrator of the exams are Institute of Banking & Finance (IBF) and Singapore College of Insurance.
Candidates who are unsure which exam to take should check with the compliance department of the company. To book for the exam, please register online through the official websites of IBF or SCI.
For more info on the exams, please read up this article: Everything About CMFAS/CACS/FMRP/RES Exams
Disclaimer:
We strive to provide the most up to date information about the exams administered by third parties. However, the information published here might at certain point of time be out of date and I ask for your kind understanding. To confirm the most accurate and precise information, please check with the relevant organization or authorities.