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How to Be a Certified Investment Solicitor in the Philippines

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How to Be a Certified Investment Solicitor in the Philippines

An investment solicitor acts as a certified representative or an agent for any investment matters. In the Philippines, a preferred method for money investments is through mutual funds. These are small companies regulated under the Securities and Exchange Commission (SEC). Investing in mutual funds allows an investor to set up different short-term and long-term financial plans. To be able to invest, it is required to contact a certified investment solicitor (CIS) in representation of the company to be able to learn the key aspects associated with the investment.

In this OneHowTo article we explain how to be a certified investment solicitor in the Philippines.

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Steps to follow:
1

To become a certified investment solicitor (CIS) recognized by the Securities and Exchange Commission (SEC), there are a few steps you have to follow. It is a rather simple process, but you must complete every step correctly.

2

Initially you will have to undergo special training by your mutual funds company. This training will prepare you to take the licensing exams that the SEC requires. If you pass these exams you will become a certified investment solicitor and you will have to register your certification with the SEC.

3

To register your certification, you must present your documents to the officer of the day of the licensing unit. You must also pay 125 in Philippine pesos (PHP) as processing fees.

4

The officer of the day will transfer your documents to the securities specialist who will evaluate the documentation. This process may take up to 4 hours.

If there are any errors or missing parts in your documentation you will be issued your information back with some annotations.

5

If your application is deemed correct, the securities specialist will send a PAF and the CFRD and CRMD departments will review your application. This process may take up to 3 days.

6

After this step the assistant director will scan through your documentation for additional approval. Expect this step to take another 3 working days. This is the time where your information will be reviewed against current rules and regulations.

7

Finally, the last step is for the director to sign the certification report, which depending on current workload may take one more day.

8

Once the process is complete you will be registered within the SEC as a certified investment solicitor (CIS). On the official website a new investor will be able to find your information as the company’s representative and contact you immediately.

 

9

In the Philippines, it is argued that there is a growing interest for locals and foreigners to invest in mutual funds. The application process is fairly simple and it helps people start financial plans for emergency funds, college and tuition funds and other.

If you are unsure about the procedure you can always contact your company’s representative for guidance. This is a common practice and if you have strong sales; as well as, a strong connecting network you will easily pass the requirements and start working as a certified investment solicitor in the Philippines.

If you'd like to read similar articles to How to Be a Certified Investment Solicitor in the Philippines, we recommend you browse around our Economy & business category.

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How to Be a Certified Investment Solicitor in the Philippines