What is a Unit Trust Consultant (UTC)?
A Closer Look at the Unit Trust Consultant Role
According to the Federation of Investment Managers Malaysia (FIMM), a Unit Trust Consultant (UTC) is an individual who is duly registered with FIMM to market and distribute unit trust funds in Malaysia.
UTCs act as trusted financial intermediaries, helping Malaysians make informed decisions about their investment goals. They are licensed professionals who guide clients through available unit trust schemes, ensuring compliance with regulations while promoting financial literacy and long-term wealth planning.
Legal & Professional Requirements
Before beginning your journey as a UTC, the following are mandatory:
- Pass the FIMM Combined Examination: This streamlined exam allows candidates to qualify for both Unit Trust Consultant (UTC) and Private Retirement Scheme (PRS) Consultant roles in one sitting. It covers essential topics in unit trust investment, PRS planning, ethics, and regulatory compliance.
- Register with FIMM: Only individuals registered with FIMM are legally authorized to promote and distribute unit trust products in Malaysia.
Why Become a UTC?
A career as a Unit Trust Consultant offers more than just income — it offers impact. You help others make better financial decisions while enjoying a flexible, rewarding career path. Here’s why this role stands out:
Regulated Industry
Be part of a regulated, growing financial services industry.
Flexible Hours
Enjoy flexible hours and uncapped income potential.
Continuous Development
Engage in continuous personal and professional development.
Digital Networking
Use digital platforms to connect, educate, and grow your network.
Recognition & Rewards
Gain recognition through performance-based awards, trips, and bonuses.
The Role of FIMM
The Federation of Investment Managers Malaysia (FIMM) serves as the governing body responsible for ensuring ethical practices and standards among UTCs. Once registered, UTCs must adhere to FIMM’s Code of Ethics and Professional Conduct. This ensures transparency, integrity, and a high level of professionalism when dealing with the investing public.
Are You Eligible?
- You must be 21 years old or above.
- Have at least 3 credits in SPM or equivalent (or higher academic qualification).
- Successfully pass the FIMM Combined Examination.