Of course yes, but i cant say i worked with them before, I has been with SBB Mutual and took the unit trust exam, now registered under Public Mutual, but never utilize my lisence to make money... but basically it is like this:
First i want to ask you, do you know anything about unit trust and unit trust company?
-> No (if yes skip this)
Unit trust is one of the investment tools, like stock market, just that it is more easier, cheaper to invest and manage - just buy and wait at as low as RM1000. And it will not fluctuate as fast as stock market. This is not some get-rich-quick scheme, when you but a unit trust fund, you put in money to a cache of fund, where the fund managers will monitor your funds and use them to invest in diversified portfolio... sort of like EPF. And your investment will multiply over a long term period, like 3 years.
Unit Trust company, like Public Mutual, sells and manage unit trusts. So as you can see, their main income came from selling unit trusts. Usually they will have their investment manager to manage a particular unit trust following certain rules. So the rest are the Unit Trust Consultants aka UTC.
-> Yes
Most likely you will be at the position as an Unit Trust Consultant, your job is educate people about unit trust and encourage people to buy your unit trust. Usually as an UTC, they do not have any basic salary, furthermore, they need to bear the cost to take the exam(very simple exam) and the registeration fee under Public Mutual. For Public Mutual, UTCs are their salesmen, of course the more the marrier, and they have a structure of rewarding your senior if bringing you into the business, sort of like a upline downline system.
As you can see, this job do not offer basic salary, what you get is what you worked out for, you have no income upper limit, but no lower limit too - consider not only the cost to take exam/register, but also the expenses to call up potential clients and transportation fees to meet them up.
Unit Trust business can be very rewarding if you do it the right way, similar to every kind of salesmen job, your income depends on your performance. You have all your freedom you want as you can be considered as self employed. You do not have retirement age, as long as you are productive, your company will want your to work till 110 years old.
In short, you tell your friend about unit trust investment, and help them make money while you earn your commission.
BTW, public mutual is the largest UT company in Malaysia.
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So, still feel like joining UTC? IMHO, it worth a try, you can even start it as part time. The least is you can at least learn about unit trust.
Public Mutual, Please share experience
Jan 28 2008, 05:33 PM
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