Professional Investment Services’(PIS) Malaysian subsidiary has become the first financial planning group in Malaysia to hold both a financial advisers (FA) licence and Corporate Unit Trust Agent (CUTA) licence, PIS announced yesterday.
The CUTA licence, which has just been granted, allows PIS subsidiary Standard Financial Planner (SFP) to deal with all unit trust companies in Malaysia.
SFP was granted its FA licence for insurance from Bank Negara in August last year.
PIS chief executive officer Robbie Bennetts said SFP staff had worked hard to get the licences granted.
“This is great news for SFP and certainly puts them ahead of the opposition in Malaysia,” he said.
SFP chief executive Alfred Sek said having the complete set of licences meant SFP advisers would be able to plan across the full financial spectrum.
SFP is 30 per cent owned by PIS.
