unit trust: passing cute exam

i passed my cute last saturday! cute is short for computerised unit trust examination, a pre-requisite to become a unit trust consultant. now i am a qualified unit trust consultant with public mutual, which allows me to invest (not thru agent anymore!) as well as invite others to invest in any funds under public mutual.

to become a unit trust consultant with public mutual:
- at least 21 years old
- a minimum of grade 3 in spm
- no criminal records or bankrupt
- pay rm250 for the exam, agent and admin fees
- take and pass cute exam!

in order to pass the exam, i had to study and learn about basic principles of unit trust (pricing, calculations, dollar cost averaging, etc etc) and also the regulations related to it. i think the purpose of the exam is to ensure that all agents selling unit trusts have basic understanding, which will assist them in giving advice to potential investors.

my first steps as an agent would be to change all of our existing investments in public mutual from being registered under our agents to be under my name so that i can monitor them myself (there is a agent-switch form that needs to be filled for each fund). i will look into investing some of our epf money, before educating and inviting family members and close friends to invest in unit trust.

learn more about becoming a unit trust consultant thru fmutm or publicmutual websites.

2 comments:

Nadlique said...

Kalau UT agent invest sendiri, berapa banyak dapat diskaun service charge?

jnr said...

as far as i know, there is no service charge discount on the agent's own investment. but the agent does get commission out of the invesment, so the service charge is effectively reduced. how much is depending on which fund...

btw, hope u don't mind i link to ur blog..tq for dropping by.