RinggitPlus, a financial marketplace that’s owned by Jirnexu, has introduced RinggitPlus Advance, which is a one-to-one digital financial planning service for Malaysian residents.
As noted by its management:
“RinggitPlus is Malaysia’s leading financial comparison website. Everyday we help thousands of Malaysians #GetMore for their money. Whether applying for credit cards or personal loans, or looking for a great deal on a mortgage we offer the actionable and impartial advice, complete coverage of the market, and the best available discounts and promotions.”
With the launch of RinggitPlus Advance, the Fintech company aims to leverage its experience in digitizing traditional industry processes while allowing Malaysians to work with a Certified Financial Planner (CFP).
Hann Liew, Co-founder and Director at RinggitPlus (and also a CFP and a CFA charterholder), stated:
“Since 2012, RinggitPlus has been at the forefront of providing value and transparency to consumers looking for financial products and services. I am truly excited that through RinggitPlus Advance, we are expanding our mission in the financial planning space.”
According to a release, RinggitPlus Advance provides “comprehensive financial planning services at transparent and affordable fees with zero hidden charges.”
The CFPs working with RinggitPlus Advance have reportedly been authorized or licensed by the Securities Commission of Malaysia and members of the Financial Planning Association of Malaysia (FPAM). The entire experience is carried out online, which includes booking, handling payments, and the CFP consultation sessions as well. This means that clients are able to access financial advisory services from almost anywhere.
These services are being offered at lower rates than other financial planning services in Malaysia. However, clients may receive same level of service that covers cash flow and net worth analysis, debt and liability management, insurance and risk management, unit trust and investment, tax and zakat planning, and estate and family wealth planning
Muslim clients are able to get financial advice on Shariah-compliant investment options and can also get assistance for filing taxes while paying zakat (money to charities or people in need). Additionally, Muslim clients may get help with estate planning (involving hibah, faraid, and wasiyyah).