cover of episode IA 005: Malaysia with Rajen Devadason, CFP

IA 005: Malaysia with Rajen Devadason, CFP

2020/2/27
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The Innovating Advice Show
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Shownotes Transcript

Rajen Devadason brings a wealth of knowledge to the show, covering history, global impacts from politics and population growth, the looming retirement crisis in Asia and why he created a model-neutral financial planning practice. This episode goes beyond just financial services and has something we can all learn from.

You’ll Learn

  • History of Malaysia and neighboring countries (including Singapore and Brunei) and history’s impact on Malaysia’s economy.
  • Financial services business models in Malaysia.
  • The first country to regulate and license financial planning.
  • A new way of looking at the pneumonic (EGADIM) for the six-step financial planning process.
  • A long-term look at global population growth and it’s impacts on longevity, life and financial planning.
  • A variety of ways professionals can give back (pro bono, writing, speaking).
  • About the looming retirement crisis in Asia.
  • That even strong, mandated retirement contribution rates don’t always lead to financial stability in retirement.
  • Why the general rule of younger = higher risk tolerance and riskier investments can be detrimental to long-term investing.
  • A unique way of connecting with and working with the next-generation of clients.
  • The benefits of running a model-neutral practice including fee-only, fee + commission and commission only

Guest Bio Rajen Devadason is a CERTIFIED FINANCIAL PLANNER Professional and a Malaysian Securities Commission-licensed financial planner. He is the CEO of consulting company RD WealthCreation and has authored or co-authored 10 books so far, including Malaysia's first holistic financial planning book Financial Freedom back in 1998. Rajen graduated with a BSc Honours in Physics and Computing from King's College, University of London, and has been a member of MENSA UK (British Mensa) for more than 30 years.

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