Indonesia - Reboot

The IARFC welcomes a “reboot” of the Indonesia Chapter headed by experienced IARFC leader - Aidil Akbar Madjid, RFC®. Aidil’s CV starts in the late 90s with his undergrad education at Loyola Marymount University and his MBA in Finance at Woodbury University - both in Los Angeles, CA. From Southern California Aidil, RFC® navigated in 2001 back to his Indonesian homeland where he immediately became involved in the Financial Services Industry.

His recent work history includes:

• Purwantara - Technical Advisor & Acting CFO

• Everyscale Indonesia - Country Manager & Community Manager

• Galad.id - President Director, Indonesia

Aidil Akbar Madjid, RFC® President

Jakarta, Indonesia

Mobil: +62.878.7724.7877

Email: akbar@aamandassociates.com aidilakbarmadjid@gmail.com

Register: Explain how you became involved in the IARFC?

Aidil: I was a member of the IARFC back when I was working as a Financial Advisor at American Express Financial Advisors (now Ameriprise) in the United States.

Register: What is the market interest in Indonesia for Financial Consultants?

Aidil: Mostly investments - a lot of millennials are concerned about establishing and maintaining an education fund and/or retirement fund, buying their first home, and becoming a sandwich generation.

Register: Why do you think designations are important?

Aidil: A designation brings value to your service as a financial advisor, people will trust you more. It means running your practice with guidance –under a code of ethical conduct. At the

• IARFC - President, Indonesia Chapter

• AAM and Associatiates - Senior Financial Advisor/Senior Partner

• Bregaswaras - Founder and Chairman

• Kelas Cerdas - Founder and Chairman

• Moneesa & Rizkanna - Founder and Chairman end of the day, it brings peace of mind to the client knowing that their financial planner is competent and obeys the laws and regulation pertaining to the financial planning profession.

All these positions deal with digital applications for insurances, online training, financial consultation and control, and blockchain & crypto asset management.

Register: What is the outlook for the IARFC Indonesia Chapter?

Aidil: The outlook for the IARFC Indonesia Chapter is good and growing with the support from the IARFC Headquarters.

Register: What is the importance of being part of an International Association?

Aidil: Financial planners learn best practices from others globally. The IARFC sets a high standard for financial planners - meaning their Mission and designations are similar around the world. It gives more credibility and increases the trust level of the clients.

Register: How has the IARFC Headquarters been supporting your efforts?

Aidil: It is very supportive. We now have meetings on quarterly basis and share regular reports. IARFC Headquarters is always ready to support the needs from the Chapter around the world.

Register: Relate some of your future IARFC goals?

Aidil: IARFC Indonesia right now is part of the group that will shape the future regulation of financial planning in Indonesia. We were invited for FGD from OJK (Financial Services Authority) of Indonesia for discussion about regulating the financial planning profession. We were also invited by OJK along with other financial associations in Indonesia to provide and increase the financial literacy rate in Indonesia.

With these roles we hope it will result in more IARFC recognition to the Indonesian market and by regulators thus bringing more people to obtain designations from the IARFC Indonesia Chapter.