Hong Kong Financial Planner of the Year Award
香港財務策劃師選舉

Noticing the phenomenal growth in the financial planning industry, Society of Registered Financial Planners (HKRFP) has initiated an annual prize in 2003 dedicated to recognizing the top representatives in the field of financial planning. According to statistics complied by the Census and Statistics Department and Planning Department of the Hong Kong Governement, financing , insurance, real estate and the business service sectiors will represent 19.1% of the total working population by 2010.

Growth in the financial planning sector is further accelera ted by the aging population, which will ensure strong demand for wealth management services in the near future. As an institution committed towards the end of professionalism in financial planning, HKRFP has continued its endeavor to organize the “Hong Kong Financial Planner of the Year Award” for financial planners in both Hong Kong and China to encourage and foster the growing financial planner industry.

The Objectives of the Award are to:

1. Elevate the standards of professionalism in the financial planning industry.
2. Give due recognition to successful financial planners for their achievements.
3. Build and nurture the image of financial planners as a prestigious profession.
4. Raise public awareness of the value of financial planning services.

 

Benefits to financial planners:

1. Offer an opportunity of having their efforts recognized by the financial planning industry.
2. Obtain accreditation of theis expertise from a qualified professional body and assert themselves in the financia planning industry.
3. Obtain official acknowledgement from HKRFP for the participation in the Award.

 

Benefits to companies that the financial planners belong to:

1. Generate publicity to promote corporate branding and image.
2. Enhance corporate social responsibility through supporting a meaningful event organized by HKRFP, a non-profit making organization.
3. Offer incentives for employees to excel in their line of duties.

 

Eligibility:

Candidates for the Award are required to submit a real-life cast study outlining the proposed financial planning solutions that are beneficial to the client. The case study will be evaluated by a panel of industry leaders, who will select 5 winners for the Award.

 

Suggested Template or Framework for the Case Submission

A typical case submission includes the following areas:

1. Executive Summary (1 page)
2. Describing the client’s situation
3. Setting objectives for the client
4. Proposing and evaluating different solutions
5. Implementing the recommended solutions
6. Results
7. Experience gained

The submitted case studies should be in English or Chinese, with no more that 10 A4 sized pages including appendices. Candidates should use the font of “Times New Roman”, font size of “12” and single spacing. Binding is needed when submitting. Candidiates must not mention their name, client’s name and company names anywhere in the case study. All the case studies become the property of Society of Registered Financial Planners.

 

The Rules

1. The entry will become invalid if the candidate is under investigation by a professional or regulatory body or if the candidate misrepresents his/her qualifications or the case study submitted.
2. Candidates who violate the professional rules of conduct, such as client confidentiality, will be disqualified.
3. Candidates must not mention their names, client’s name abd their company’s names anywhere in the case study.
4. The submitted case studies should be in English or Chinese, with no more than 10 A4 sized pages including appendices. Candidates should use the font of “Times New Roman”, a font size of “12”, and single spacing.
5. Binding is required when submitting the case study,
6. All the case studies become the property of Society of Registered Financial Planners.

 

Assessment Process

The assessment includes 3 stages. The panel of judges will evaluate all case studies baseed on the criteria listed.

Stage 1

Society of Registered Financial Planners (HKRFP) will allocate a reference number, which is the only identifier for each case study. All the case studies will be divided into batches for screening by the panel of judges. Each judges will rate one batch of the case studies and the top 5 case studies selected by each judge will be entitiled to enter the Stage 2.

 

Stage 2

The top 5 case studies selected by each judge will be rated by the remaining judges in the panel. The final scores of each case study will be averaged and the top 10 finalists will be entitled to enter the Stage 3.

 

Stage 3

The top 10 finalists need to give a presentation on their case study in Cantonese / English and answer questions from the panel of judges.

 

Judging Criteria

Criteria	Weighting	Assessment
1. Understanding of client’s objectives/needs	15%	To examine how the proposed solutions meet the client’s objectives / needs.
2. Effective usage of information and analysis	15%	To examine how the analysis of data and information support key recommendations.
3. Implementation	15%	To examine how the candidate deal with issues and challenges during the implementation of his /her proposed solutions.
4. Results and experience gained	15%	To examine how the client benefits from the proposed solutions (in term of meeting financial objectives and / or other non-financial objectives, e.g. received extra value-added services) and experience gained by the candidate and implications on the professon.
5. Presentation	40%	To examine the presentation skills of th finalists-the top 10 candidates need to give a presentation on their case studies in Cantonese / English and answer questions from the panel of judges.

Prize

Gold Award	1
Silver Award	1
Bronze Award	1
Certificate of Merit	5

Each of the winners will receive a trophy to commemorate their success. Certificate of Participation will be presented to each candidate for their participation in the Event.