Wednesday, May 11, 2011


In our continuous effort to safeguard our client's money and to ensure proper governance in the best interest of the client, we wish to remind all consultants on the existing policies stated below in relation to the payment mode for unit trust investment.


1.      Cheque / Banker's Draft


§      ONLY cheque and banker's draft are accepted as mode of payment


§      All cheque and banker's draft must be made payable to "CIMB Wealth Advisors Berhad for <Investor's Name as per his/her identification document and must be the same as written on the Transaction Form>". For example, "CIMB Wealth Advisors Berhad for Alisya Binti Abdullah".


§      The handwriting on the cheque must be identical. Any non-uniformity is not acceptable. For example, CIMB Wealth Advisors Berhad for Aliysa Binti Abdullah.


§      On the reverse side of the cheque or banker's draft, please indicate investor's full name, investor's identification document number (NRIC, etc), investor's contact number, unit trust account number and name of fund.


2.      Corporate Cheque for Individual Investment


§      Use of company's/partnership's cheque for individual investment is NOT ALLOWED.


§      Effective immediately, the use of sole proprietorship's cheque for individual investment is permitted and must be supported by Suruhanjaya Syarikat Malaysia (SSM) business registration document as a show of proof that the owner is indeed the sole proprietor.


3.      Cash Transfer, Cheque Deposit Machine or Cash Deposit


§      Payment made via cash transfer (ATM or internet banking), cheque deposit machine or cash deposit machine are NOT ALLOWED.


Consultants are advised to strictly adhere to the above policies. Any non-compliance will result in the submission being rejected upfront at the submission counters.



Should you require any assistance, please call our Agency Hotline at 03-77183001.


Kindly disseminate the above information to your agency force.



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