Financial Literacy for Women
By Grace Kang

Where can women seek information and assistance?
Information is freely available through the press, television and other media. Capitalise on traditionally respected sources of information, which also include books and financial magazines. Attend seminars and workshops for a more interactive process of learning.

Seek advice at financial institutions

  • Banks offer traditional investments and provide educational information on new products and services. Private banking provides customised financial advice.
  • Stockbrokers buy and sell securities such as stocks, bonds and unit trusts. They provide research material and other related information.
  • Fund managers and independent advisers provide asset management services and research material that can help in making decisions.

Seek advice of financial advisers

  • Accountants provide accounting services, financial advice and advice on tax matters
  • Estate planners provide advice on estate planning, estate taxes, and strategies for managing assets at time of death.
  • Financial planners provide advice on financial planning.
  • Insurance agents provide advice on all matters related to insurance planning and risk management. They also sell insurance products.
  • Investments advisers provide advice on all matters related to securities-based investments but are not permitted to sell securities.
  • Tax agents provide advice on tax matters and can help to prepare and submit tax returns.
 
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Grace is the Managing Director of Perkasa Normandy Managers Sdn Bhd. This article is extracted from her presentation at the seminar, Personal Financial Planning for Malaysian Women, organised by the SIDC on 9 August 2002