Who are Financial Advisers?

Financial Adviser is licensed by BANK NEGARA MALAYSIA under Financial Services Act 2013 (the Act).

The following are extracted from the Act.

approved financial adviser” means a person approved under section 11 to carry on financial advisory business;
financial adviser’s representative” means an individual, however styled, in the direct employment of, acting for or by arrangement with an approved financial adviser, who performs for the financial adviser any services relating to financial advisory business

financial advisory business” means any of the following: 
(a) analyzing the financial planning needs of a person relating to an insurance product; 
(b) recommending an appropriate insurance product to a person; 
(c) sourcing an insurance product from a licensed insurer for a person; 
(d) arranging of a contract in respect of an insurance product for a person; or
(e) such other business, service or activity in relation to a financial service as prescribed under section 3; 

Click here (Direct to Bank Negara's Website) to view the List of Approved Financial Adviser.

Click here for the List of Financial Adviser's representative, there are total 441 Licensed Financial Advisers as at 30.06.2015.

Click here for the Financial Services Act 2013.