Corporate PRS Advisers

Two businessmen discussion using a paper

“Corporate PRS Adviser” or “CPRA” means a licensed financial planner,Insurance and Takaful Brokers registered with FIMM and authorised to market and distribute private retirement schemes of another party.

Registration of Corporate PRS Adviser

Eligibility for registration of Corporate PRS Adviser

Pursuant to FIMM’s Consolidated Rules, the eligibility requirements for registration as a CPRA:-

(1) A corporation which:-

a) Holds a CMSL to carry out the regulated activities of financial planning and dealing in PRS; and

b) Possess a professional indemnity insurance contract that indemnifies the corporation,its officers and its PRS Consultants against claims,with a minimum coverage of Ringgit Malaysia Two Hundred Thousand (RM 200,000) at acll times;

(2) insurance and Takaful Brokers which holds a CMSL to carry out the regulated activity of dealing in PRS.

 

Submission for Registration as Corporate PRS Adviser

For submission of documentation for the application of registration as CPRA, please click here.

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Guidelines & Regulations and Fees

Title
1) FIMM Consolidated Rules
Download
2) Code of Ethics and Rules of Professional Conduct (Unit Trust Funds)
Download
3) Registration Manual
Download
4) FIMM Apprenticeship Program – Implementation Guide
Download

CPRA Application Structure

CPRA Annual Fee

An application for registration must be accompanied by a non-refundable Application Fees of RM2,120 (inclusive GST of 6%) and Annual Fees of RM 530 (inclusive of GST of 6%). This Application and Annual Fees will be waived if the applicant is existing CUTA registered with FIMM.

CPRA Annual Fee

    • CPRA annual fee is payable in January of each year
    • CPRA annual fee is the total of:
Existing Registration Types of new registration with FIMM or combination of registration with FIMM Annual Fee for CPRA
CUTA-not related to Financial Institution CPRA-not related to Financial Institution RM 500 + UTS Consultant factor + PRS Consultant factor
CUTA-related to Financial Institution CPRA-related to Financial Institution RM 20,000 + UTS Consultant factor + PRS Consultant factor
No Existing Registration CPRA-not related to Financial Institution RM 500 + PRS Consultant factor
No Existing Registration CPRA-related to Financial Institution RM 20,000 + PRS Consultant factor

Note: All fees quoted above are inclusive of GST

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List of Corporate PRS Advisers

Corporate Private Retirement Scheme Advisers
1. A.D. Financial Sdn Bhd
2. Bill Morrisons Wealth Management Sdn Bhd
3. Blueprint Planning Sdn Bhd
4. CC Advisory Sdn Bhd
5. Excellentte Consultancy Sdn Bhd
6. Etalage Sdn Bhd
7. FA Advisory Sdn Bhd
8. Fin Freedom Sdn Bhd
9. Genexus Advisory Sdn Bhd
10. Harveston Wealth Management Sdn Bhd
11. Legacy Advisory Sdn Bhd
12. Standard Financial Adviser Sdn Bhd
13. VKA Wealth Planners Sdn Bhd
14. Whitman Independent Advisors Sdn Bhd
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