Financial Services _Çô Client Services RFC126 Lecture Notes - Lecture 3: Purchase Order, Financial Adviser, Know Your Customer

• School: Seneca College
• Department: Financial Services _Çô Client Services
• Course: Financial Services _Çô Client Services RFC126
• Professor: marie

Document Summary

2- establish client goals & gather client data kyc know your client: quantify goals, identify priority objectives. 4- develop & present strategic investment plan: basic assumptions. Inflation, tax rates, ancipate rates of return: level of service. You do mutual funds and refer them to someone bonds. Process: kyc know your client, kyp know your product, assess suitability. Is proposed security trade suitable for your client - 3 stage process: know your client (kyc, know your product, assess suitability of trade. Kyc gather necessary information: mfda policy #2 - standard of information required for kyc & suitability, establish identity of client & have sufficient information to meet regulations. This information is required by regulatory law in order to ensure that we invest properly for the client, that we know the needs for the client. If they don"t disclose information, contact the compliance department for help explaining to the client.