CPE / CE COURSE OUTLINE
(A Securities Commission CPE-accredited course)
Title:
Wealth Destruction and Rehabilitation – Helping Malaysian Retirement Clients Thrive
Date:
1 December 2012 / Saturday [Full day]
Venue:
ZARA’S BOUTIQUE HOTEL, Harbour City, Kota Kinabalu,
CPE / CE Points: 10 CPE Points / 10 CE Points with Code of Ethics / 10 CPD Points
Instructor/s:
Mr. Rajen Devadason
Learning Outcomes
By attending this course participants will be able to:
1. Recognise the role of human emotion in behavioral finance.
2. Discuss intelligently with their peers and clients the potent roles asset allocation and dynamic
reallocation play in the implementation and monitoring phases of the 6-step financial planning
process.
3. Explain to their clients the important role of ethics in any long-lasting, successful financial plannerclient engagement.
4. Apply Benjamin Graham’s margin of safety concept across a range of investment approaches in
various asset classes.
5. Design and adhere to a checklist of 7 concrete and practical steps they can take to help retirement
planning clients, in particular, prepare better for their golden years.
Time
Function/Paper Title
8.30 – 9.00 am
Registration
9.00 – 10.30 am
Wealth – Definition, Creation, Destruction and Rehabilitation
This session will focus on the definition of human wealth and its powerful link to human
exertion, ingenuity and transference of energy and effort. An analogy using an electrical
capacitor to store electrical energy will be taught to illustrate the process. The role of
behavioural finance in the cyclical processes of wealth creation, destruction and
rehabilitation will be explored to figure out where ‘the money goes’ when capital
markets implode and wealth disappears.
10.30 – 10.45 pm Coffee break
10.45 – 12.00 pm The Role of Asset Allocation
Participants will learn the difference between emotionless strategic asset allocation,
emotional market timing and the middle ground of tactical asset allocation. The work of
intellectual giants ranging from Markowitz to Fama will be outlined along with 2 studies
by Gary Brinson on asset allocation’s contribution toward long-term portfolio returns.
This body of work will be selectively referenced to hammer home the need for
professionalism in the advice extended to retirement funding clients.
12.00 – 1.00 pm
Ethics and Our Responsibility
1.00 – 2.00 pm
Equities tend to generate the highest portfolio component returns over the long haul.
Financial intermediaries also tend to be paid best when dealing with equities as compared
to other asset classes. Therefore, an ethical approach must be adopted to ensure we
always place our clients’ interests ahead of our own. Although integrity cannot be taught,
its importance must be reiterated; toward this end, the FPAM Code of Ethics’ 7 Core
Principles will be highlighted.
Lunch break
2.00 – 3.30 pm
Wealth – Rehabilitation Revisited
3.30 – 3.45 pm
This session will tie together what was taught on strategic and tactical asset allocation to
the process of rehabilitating impaired portfolio values. Benjamin Graham’s margin of
safety concept will be held up as a key mental model to use when focusing on the
rehabilitation process. The potency of this concept will be illustrated through
hypothetical scenarios that mirror the needs of middle-aged Malaysians focused on
eventually retiring well.
Coffee break
4.30 – 5.00 pm
7 Concrete Steps to Help Retirement Clients
The 7 steps that will be taught are budget fundamentals to reduce wastage; accelerated
savings strategies; effective consumer debt reduction strategies; suggestions on how to
optimise the use of EPF Account 2 funds to increase real estate equity; the stabilising
role of money market funds and bank deposits; the need for bond and equity funds in
most portfolios; and investing in light of 15 forms of investment risk.
Profile of Mr. Rajen Devadason
Rajen Devadason is a Malaysian Securities Commission-licensed financial planner. Ironically, his passionate
interest in financial planning grew out of horrifying mistakes he himself made while living, studying and
working in England during much of the 1980s! (Rajen graduated in 1988 with a B.Sc. (Honours) degree in
Physics and Computing from King’s College, University of London.)
Between 1990 and 1994, Rajen was a journalist with Malaysian Business magazine, where he won both local
and international awards for incisive business journalism. As the Malaysian winner of the Citibank Pan-Asia
Business Journalism Award, he joined an elite team of other national winners from countries across Asia and
Latin America for an extended 1994 seminar series in New York’s Columbia University, with working trips to
the World Bank, the New York Federal Reserve Bank and the White House.
After leaving Malaysian Business magazine in mid 1994 – for 200% more money, but sadly 90% less
satisfaction! – Rajen joined Standard Chartered Securities as an equities analyst. He left there in late 1995 for
Smart Investor magazine, initially as its features editor in Singapore and then as the first editor of its fledgling
Malaysian edition in 1996.
Rajen wrote his first book, Your A-Z Guide to the Stock Market, in 1997. He then co-authored Financial
Freedom – Your Guide to Lifetime Financial Planning with Edmond Cheah, Wong Boon Choy and Alex Sito,
who were then all with KL MUTUAL Bhd (now known as Public Mutual Bhd), in 1998. That book and its
2000 sequel Financial Freedom 2 – Through Malaysian Equities and Unit Trusts have raised more than
RM800,000 for numerous Malaysian charities.
During the Financial Freedom writing hiatus of 1999, he co-wrote and edited the political bio The Sabahan –
The Life and Death of Tun Fuad Stephens.
His fifth book Liberty! From Debt-Slave to Money Master was published by media and technology solutions
group I-2 Media in 2002; its expanded second edition was released in 2004. Rajen’s sixth to ninth books were
digital products (ebooks), which are readily available at www.FreeCoolArticles.com
Rajen’s 10th book was launched in June 2008. It is a physical book entitled Choices, which he co-wrote with
four other health and wealth experts (including Edmond Cheah and Wong Boon Choy, now with MAAKL
Mutual Bhd), with all net proceeds of this book going to charity.
Since 1998, Rajen has intermittently taught a compulsory course to new journalists at Malaysia’s leading
English daily, The Star. His current 2-day workshop, Basic Business Writing 101, consistently includes lively
discussions on the mechanics of a stock ramp and a tie-in with The Greater Fool Theory, a concept explored in
great depth in Financial Freedom 2.
A popular theme in his ongoing writing on financial planning for Malaysian Business magazine is the
awesome power of compounding – to heed or hinder – the accomplishment of key financial goals.
As a professional speaker, Rajen’s corporate clients for seminars and workshops have included, among others,
The Association of Financial Advisers (Singapore), Bank Negara Malaysia’s Agensi Kaunseling Dan
Pengurusan Kredit (AKPK), British American Tobacco, Citibank, Danaharta, Esso, Guthrie, the Federation of
Investment Managers Malaysia (FIMM) previously the Federation of Malaysian Unit Trust Managers
(FMUTM), the Financial Planning Association of Malaysia (FPAM), JobStreet.com, MAAKL Mutual,
Motorola, OAC, Public Mutual and The Star. His current 2012 menu of programmes (all of which are
available in 90-minute, half-day, full-day and multi-day formats) include:
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Building Your Financial Fortress – How To Stop Worrying About Your Money and Start
Focusing on Your Life
How Financial Professionals Can Build Deeper Client Relationships
How To Go From Debt-Slave to Money Master in Less Time than YOU Ever Imagined
Goals to Gold! How to Set Professional Goals You Will Still Care About in 10 Years
ABUNDANT LIFE: Time Management L-I-B-E-R-T-Y
The 7-Step L-I-B-E-R-T-Y Blueprint (a personal finance programme)
Rajen invites feedback and queries at rajen@RajenDevadason.com, with a cc. sent to
rajendevadason@gmail.com
CE COURSE REGISTRATION FORM / INVOICE
Title of Course:
Wealth Destruction and Rehabilitation – Helping Malaysian Retirement
Clients Thrive
Mr. Rajen Devadason
1 December 2012/ Saturday [ full day ]
ZARA’S BOUTIQUE HOTEL
Speaker:
Date:
Venue:
Harbour City, Kota Kinabalu, Jalan Pantai Baru, Sembulan,
88100 Kota Kinabalu, Sabah, Malaysia.
Registration:
Time:
Fees:
CE Points (FPAM):
CPE Points (SIDC):
CPDPoints(FiMM):
Payment &
Registration
8.30 am – 9.00 am
9.00 am – 5.00 pm
Early Bird Special; RM200 ( FPAM Member), RM 300 (Public)
Payment by 17th November 2012.
Normal – RM 230 ( FPAM Member), RM 330 (Public)
Fee includes seminar materials, buffet lunch and refreshments.
Ten ( 10 ) With Code of Ethics
Ten ( 10 )
Ten ( 10 )
1. Bank-in the seminar fee (cash or cheque) to FPAM Sabah account as below.
2.Complete and fax this form with your proof of payment to 089-219290 or email to fpam.sabah@gmail.com
Enquiries:
E-mail to fpam.sabah@gmail.com or
Call 014-3550959 (Lisa), 019-8829228 ( Irene) or 019-8135936 (Alice)
Terms:
Registration is on a first-come-first-served basis. Confirmation is subject to
payment before the course. Walk-in participant/s will be admitted on the basis
of space availability. FPAM reserves the right to amend the program, speaker,
date, venue, etc, without prior notice.
YES, PLEASE REGISTER ME!
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Amount Paid:
By 17th November 2012
FPAM Member
[ ] RM200*
Public
[ ] RM300
* For FPAM member with current membership only
Mode of Payment:
[ ] Bank-In
[
After 17th November 2012
[ ] RM230*
[ ] RM330
] Cheque (No.:
)
FPAM Sabah’ Account Information:
Account Name:
Financial Planning Association of Malaysia-Sabah Chapter
Bank & Account No.: AmBank Berhad, 167-201-200521-9
E-mail this form to fpam.sabah@gmail.com or fax to 089-219290
Early Bird Special – by 17th November 2012
For Office Use Only
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