MFPC is self-regulatory body, registered under the Societies Act, 1996, with the primary aim in promoting Financial Literacy as well as enhancing Financial Planner as profession in the country through professional education and training.

Sitting on MFPC Advisory Board is the Minister of International Trade and Industry, Y.B. Dato' Seri Mustapa bin Mohamed; Minister of Higher Education, Y.B. Dato' Seri Mohamed Khaled bin Nordin; Minister of Health, Y.B. Dato' Seri Liow Tiong Lai; Minister of Tourism, Y.B. Dato' Sri Ng Yen Yen; President and Group Chief Executive Officer of Permodalan Nasional Berhad, Y. Bhg. Tan Sri Dato' Hamad Kama Piah bin Che Othman and Managing Director of Enforcement of Securities Commission, Y. Bhg. Dato' Dr.Nik Ramlah Mahmood.

RFP and Shariah RFP programmes are recognised by Bank Negara Malaysia and Securities Commission as a licensing application requirement for Financial Adviser and Capital Market Services Licenses respectively. MFPC provides an evolving set of Best Practice Standards and Code of Ethics for Financial Practitioners.