have consulted a wealth manager (i am not sure if this is his so called position) who advised me to invest in unit trust, by taking out my EPF 1st account monies and monies monthly auto debit into his personal account.

1. i asked why cant i bank in into his company account, he said is hard to manage as it is a pool account. whereas to his personal account, is easier to monitor and is the normal arrangement. Is this correct?

2. is that normal to "auto debit" the monies from EPF to the designated account and if so, what is the formula used in doing this?

thanks in adv.

For the EPF transaction, I believe it will be deposited into the mutual fund personal account.

If i were to instruct that payment be made into the mutual fund's account, how is it possible for the person to manage it?

I am new to this line hence, may not be able to explain my scenario clearly.

As I do not have any clue as regards the type of unit trusts, I have appointed an agent to act on my behalf, i.e., to select and invest the monies on my behalf to achieve the goal. I have been made to understand that the agent is earning his commissions thru the service tax levied on the monies which i deposit into my unit trust account.

To facilitate such investment, I have been asked to arrange a standing instruction to debit my monies directly into his account so that he could invest on my behalf.

This, I believe it not the mutual fund manger's role.

Hence, my 2 abovementioned questions.

What is the role of a mutual fund manager?