Access Denied when Accessing User Profiles and Properties

If you try to access User Profiles and Properties using account that is not part of Administrators group or account that is used to setup SharePoint, you might have problem accessing "User Profiles and Properties" (Access Denied) although you have been added to Farm's Administrator or Shared Services' Site Collection Administrator.

What you need to do:
Click on "Personalization Services Permission" in the Shared Services page, and then grant the permission from there. It seems that this permission is totally separated from other permission setting in SharePoint.