1. International CFP Panel CIFPs Conference May 30, 2006

2. Panel Members Moderator – Cary List Moderator – Cary List COO & EVP Standards, FPSC COO & EVP Standards, FPSC Canada - Chris Reynolds Canada - Chris Reynolds President, Investment Planning Counsel President, Investment Planning Counsel U.S.A. – James Barnash U.S.A. – James Barnash Chair, FPA Chair, FPA Australia – Geoff Davey Australia – Geoff Davey CEO, Finametrica CEO, Finametrica Malaysia – Paul Chan Malaysia – Paul Chan CEO, S&P NetWorth Advisors CEO, S&P NetWorth Advisors

3. Globalization of the CFP Mark Affiliates: 18 1 st Affiliate: Australia (Dec. 2000) Most Recent Affiliate: China (Apr. 2006) CFP Professionals USA: ~ 50,000 Outside USA:~ 48,000

4. No. of CFP Professionals CFP Affiliates Global Number of CFP Professionals 2006 Source: Financial Planning Standard BoardNo. of CFP Professionals

5. Financial Planning in the U.S. Roots in the late 1960s Roots in the late 1960s First CFP graduated 1973 First CFP graduated 1973 350k – 550k advisors; popn 295 million 350k – 550k advisors; popn 295 million 51k CFP professionals 51k CFP professionals 100+ degree, 135+ certificate programs 100+ degree, 135+ certificate programs FPA 28k members, 19k hold CFP FPA 28k members, 19k hold CFP Competing: CFA, ChFC, CLU, PFS Competing: CFA, ChFC, CLU, PFS

6. A Little About Australia Population – 22 million Population – 22 million GDP – USD $680 billion GDP – USD $680 billion Domestic Share Market - $840 B (8 th ) Domestic Share Market - $840 B (8 th ) Managed Investments – $740 B Managed Investments – $740 B Investment Market - $3,800 B Investment Market - $3,800 B

7. Financial Planning in Australia FPDrivers: Income tax and social security arbitraging, compulsory Universal Retirement Savings (9% paid by employer) FPDrivers: Income tax and social security arbitraging, compulsory Universal Retirement Savings (9% paid by employer) First CFP graduated 1990 – first outside of US First CFP graduated 1990 – first outside of US 2005 – 290 CFPs awarded 2005 – 290 CFPs awarded Undergraduate degree required as of 2007 Undergraduate degree required as of 2007 Total CFP professionals – 5,300 (4 th largest in world) Total CFP professionals – 5,300 (4 th largest in world) 100+ degree, 135+ certificate programs 100+ degree, 135+ certificate programs FPA 12k members, almost half hold CFP FPA 12k members, almost half hold CFP Competing: Accounting specialties mostly, ChFP Competing: Accounting specialties mostly, ChFP Regulation:Single proactive, reformist and intimidating federal regulator Regulation:Single proactive, reformist and intimidating federal regulator

8. Financial Planning in Canada CFP first granted 1997 – replaced Chartered CFP first granted 1997 – replaced Chartered 2005 – 1,000 CFPs awarded 2005 – 1,000 CFPs awarded Total CFP professionals – 17,000 (4 th largest in world) Total CFP professionals – 17,000 (4 th largest in world) 10+ degree, 50+ certificate programs 10+ degree, 50+ certificate programs Membership dedicated to CFPs just blossoming Membership dedicated to CFPs just blossoming Competing: RFP (400), PFP (banks only) Competing: RFP (400), PFP (banks only) Regulation: Mostly provincial plus national SROs More than 20 regulators Regulation: Mostly provincial plus national SROs More than 20 regulators

9. A Little About Malaysia Population: 25 million Key Retirement Scheme: Employees Provident Funds (EPF) 11 million EPF members Mandatory Contributions (11% + 12%) Total Fund Size: US$ 68 B Financial Services Sector Blueprint: Securities Commission: Capital Master Plan (Feb. 2001) Central Bank: Financial Sector Master Plan (Mar. 2001) Impact of Globalization, Liberalization and Convergence of Financial Service Sector on Financial Services Profession Key Financial Services: Insurance, Unit Trusts, Banking, Stockbroking, Assets Management, Fund Management, Wills & Trusts, Islamic Financial Market Approx. >100,000 Financial Services Providers Represented

10. Financial Planning in Malaysia FPAM launched in 2000 Total FPAM membership – 9,900 Total CFP professionals – 3,600 (6 th largest) 5 Education providers Key competitors: ChFC (350), RFP (1,000) Other competitors: ChFP, RFC, CIFP Regulation: Financial planning practitioners licensed by: Securities Commission (Securities Industry Act) Central Bank of Malaysia (Insurance Act)