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Tuesday, August 18, 2009

UTI MF and NISM launch training programme for advisors

UTI Mutual Fund along with National Institute of Securities Markets (NISM) on Tuesday launched a training programme called “Building an Investment Advisory Business” for its financial advisors. The programme was inaugurated by Prof. Sethu, Officer on Special Duty in-charge, NISM and Jaideep Bhattacharya, Chief Marketing Officer, UTI AMC.

The objective of the programme is to help in the transition of financial advisors from distribution to advisory. The programme will enhance the role of financial advisors from only selling mutual fund products to advising investors in choosing the right product to meet their financial goals.

With the advent of the new SEBI regulations on entry load from August 1, the role of financial advisors has become more advisory in nature rather than just pure distribution. To equip them with special skill sets like financial planning, time management, assessing risk appetite etc., UTI Mutual Fund along with NISM started this training programme for its financial advisors across the country.

On the occasion Prof. Sethu of NISM said, “This move would equip the distribution channel to serve the interest of retail investors effectively”.


source: ET

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