FAQ

General FAQ

A.UNIT TRUST INVESTMENT

Get to know more about Unit Trust Investing, Trust Nomination and Financial Planning.

1. What is 'Capital Appreciation'?
A form of profit from a unit trust investment, it refers to the appreciation of a particular unit trust fund's NAV per unit.

2. What is 'Income distribution'?
A form of profit as it is an income earned by a particular unit trust fund and given out to its investors. An investor may decide to reinvest the income distribution to own more units. No service charge is applied when reinvesting the income distribution, but will be subjected to terms and conditions.

3. What is 'Unit split'?
An exercise by the fund management to increase the affordability of the particular fund's Net Asset Value per unit. This will increase the units in circulation in the fund while lowering its Net Asset Value per unit.

4. What is an optimum investment period?
We encourage a period of at least 3 years, although you are allowed shorter periods.

5. What is 'Forward Pricing'?
A practice we adopt to ensure fairness in unit trust fund transactions including investing, redeeming or switching funds. Every transaction submitted will be based on the next published NAV per unit.

6. What is the 'Cooling-off Period'?
The time period when the investor has the right to cancel the initial investment, with a full refund within 6 business days. At CWA, we allow the cooling-off period for first time investors but not for our staff and consultants.

7. What are the main types of investment plans available?
Cash – Lump sum investment or Cash Plan
Cash – Regular Saving Plan (Auto Debit, Direct Debit, MEPS Direct Debit from Bank accounts)
EPF Investment Scheme

8. What does a regular saving plan mean?
It is an auto-deduction facility with your bank for unit trust investment. CWA partner banks that provide the facility are:

CIMB
BSN
RHB
MBB
BIMB
Citibank
Deutsche Bank
Hong Leong Bank
OCBC
PBB
Standard Chartered Bank
HSBC
Bank Rakyat

9. What would you receive as the confirmation details for your unit trust investment?
Confirmation Advice Slip is given with every investment (Quarterly statements are given with Regular Savings Plan)
Yearly Statement of Account
Unit Split Statement / Distribution Statement (if any)

10. What documents you need to provide for setting up an initial investment?
a) EPF
Account Opening Form
Transaction Form
KWSP 9N Form
Photocopy of NRIC
Photocopy of Police or Army ID - employer's letter confirming that the NRIC number refers to the same person (if applicable).
Pre-Investment Form

b) Cash
Account Opening Form
Transaction Form
Photocopy of NRIC
Photocopy of joint holder's NRIC (if applicable)
Photocopy of Birth Certificate (if joint applicant is below 21 years of age)
Payment – Cheque, banker's draft, money order or cashier's order
Pre-Investment Form

The payee's name on cheques or banker's drafts for unit trust investment is: CIMB Wealth Advisors Berhad. The investor's name must follow his or her identification document and as that written on the Transaction Form.

11. What would be the payee's name on cheques or bankers drafts for unit trust investment?
The payee's name should be written as CIMB Wealth Advisors Berhad for (or behalf of) the investor's name. The investor's name must be the same as his or identification document and as that written on the Transaction Form.

12. What documents are required of the beneficiaries, upon the demise of the unit trust holder?
Declaration Form
Redemption form or Transfer form
Release Letter (if this is EPF Investment scheme)
Letter of Administration certified by Commissioner of Oath or Solicitor
Death certificate certified by Commissioner of Oath or Solicitor
Photocopy of beneficiaries' NRIC certified by a Commissioner of Oath or a Solicitor.

B.TRUST NOMINATION

1. What are the documents required for setting up a Trust Nomination?
a) New unit holders (individual or joint) need to provide the following:
Account Opening Form
Transaction Form
KWSP 9N Form (EPF investment only)
Photocopy of NRIC – 1 copy each for the principal and the joint-holder (if any)
Photocopy of NRIC/Birth Certificate - 1 copy each for the beneficiary/beneficiaries
Trust Nomination Application Form & Declaration of Trust
Cheque payable to CIMB Trustee Berhad for Trust Nomination
Note: In the case of a Joint Account in setting up a Trust Nomination, both the principal and joint holder must agree by signing the Trust Nomination Form.

b) Existing unit holders need to provide the following:
Photocopy of NRIC – 1 copy each of the principal and joint holder (if any)
Photocopy of NRIC/Birth Certificate - 1 copy each for the beneficiary/beneficiaries
Trust Nomination Application Form & Declaration of Trust
Cheque payable to CIMB Trustee Berhad for Trust Nomination’

2. Upon the demise of the unit holder (settler-trustee), what do the Trust Nomination beneficiaries have to do?
The beneficiaries are required to submit the following to CWA:
Death Certificate as certified by a Commissioner of Oath
Letter of Indemnity signed by the beneficiaries
Redemption Form or Transfer Form
Photocopy of their NRIC
Release Letter if part of EPF Investment Scheme

C.FINANCIAL PLANNING

1. What exactly is financial planning?
It's charting your future plans by getting to know your present financial position, through our 6 steps solutions and how you can attain your desired goals. Let us give you a hand in setting the right directions, picking the options that suit you best and putting them together to reach your aspired goals.

2. Why do we need financial planning?
The ultimate goal for many of us is to achieve financial independence. It helps when our financial needs have been identified and provisions have been in place. Think of it as a 'big picture' plan which makes sense of all the various components of our financial jigsaw – taxation, cash flow, debt, investment, employee benefits, insurance protection, inheritance, etc etc.

Financial planning addresses these common life goals:

Financial freedom during retirement
Preparing future expenditure such as marriage, funding the children's education, or for a potential business
Increasing our ability to manage unforeseen circumstances – serious illness, unemployment, business opportunity or accidents
Improving our success rate if we are faced with a financial crisis – death or a breadwinner or business failure
Caring for aging parents.

3. What are the fees involved?
This depends on the range of service you select and the complexity of your financial requirement. Our one time professional fee usually starts from RM500 and includes the initial analysis, strategy recommendations and specific proposals in implementation.

4. What is our scope of financial planning services?
Our comprehensive financial planning involves reviewing your current financial position by way of cash flow, lifestyle needs and investment. We can also help determine your resources required for funding your life goals by factoring into the whole, adverse events like death, disability or loss of income.

5. What is the role of a Financial Planner?
A professional financial planner provides holistic advice covering a complete spectrum of financial options, compatible with your goals and aspirations. He or she will guide you on what's needed for investment, which funds to use, discuss potential risks and can help launch a savings plan into an effective financial life plan.

6. Is financial planning only for the wealthy?
We prefer to think it is for the wise!

Our customers are career professionals, business owners and individuals from all walks of life. Like them, you too can learn that financial planning helps your chart your life goals in a clear, concise manner. Of course, the intention is to make our customers wealthier than when they started.

7. What is the right age to start financial planning?
We say, as early as you can.

Even though you might have just graduated and looking to find your desired career. Start now and get the hang of financial planning as soon as possible.

The more and better prepared you are, the more capable you will be in managing the twists and turns in life.