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KYP - Know Your Product

Posted by Timothy Ross on October 13, 2021 at 9:02am

https://www.advisor.ca/investments/market-insights/firms-and-advisors-get-prepped-for-kyp

 

https://www.advisor.ca/investments/market-insights/firms-and-advisors-get-prepped-for-kyp

 

The industry is formalizing know-your-product processes

 

What to consider when assessing an investment

1. Structure and features such as complexity, transparency, uniqueness, basis of return, likelihood of achieving investment objectives, expected returns, time horizon, liquidity and use of leverage

2. Compensation or other conflicts

3. Risk

4. Initial and ongoing costs and their impact on performance

Source: Amendments to National Instrument 31-103

 

When it comes to products,

“You should be looking at all the benefits and features to make sure the investment you recommend is in the best interests of clients,” Rizi said.

“That’s what KYP is all about.”

 

In case your compliance cruising, full stop, see, read, digest disclosure  

https://improvingfutures.ning.com/blog/peak-dealership-representative-disclosure

READ THE FINE PRINT

https://improvingfutures.ning.com/blog/peak-dealership-representative-disclosure

 

 

  • KYC
  • RISK
  • Best Practices

 

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Common Questions KYC

Posted by Timothy Ross on December 5, 2019 at 6:53am

Javascript must be enabled in order to complete this form
Mr/Ms
First Name *
Last Name *
Household *
Address Line 1 *
Address Line 2 *
City / Town *
State / County / Province *
Zip / Postal Code *
Country
Phone *
Phone 2 *
Phone 3
Email *
Date of Birth *
SIN *
Marital Status*
# of Children *
Spouse's Full Name *
Spouse's Employer Information *
Employer *
Type of Business *
Employer Address *
Occupation *
Position *
Start Date
Bank Name
Bank Transit / Institution #
Account #
Bank Address
Trading Authorization
Single, Trust or Joint
Salary *
Bonus
Commission *
Investment Income
Dividend
CPP-OAS-QPP *
Retirement income *
Child Support *
Other
Cash-Chequing Acct *
Savings Acct *
RSP *
RIF *
LIRA *
TFSA *
RESP *
DPSP *
Other Liquid Assets
Home (Market Value) *
Business *
Real Estate *
Rental Properties *
Insurance cash value *
Jewelry-Collectibles *
Boat *
Cottage *
Vehicle *
Land *
Other Fixed Assets *
Principle residence *
Business *
Real Estate *
Rental property *
Vehicle *
Personal line of credit *
Auto loan *
Car lease *
Credit Card *
Tax owing *
Other Liabilities *
Total Liquid Assets
Total Fixed Assets
Total Liabilities
Objective - Income % *
Objective - Growth % *
Objective - Aggressive % *
Risk - Low *
Risk - Medium *
Risk - High *
Investment time frame*
Investment Knowledge*
Referred by *
Have you met face to face?*
How long have you known the client? *
Is the advisor registered in client's province of residence?
Joint tenants with rights of survivorship and not as tenant in common
Tenants in common without the right of survivorship
Are you a snr officer or director of a public trading company?
Do you, alone or as part of a group, hold or control any such company?
Have you authorized anyone to use discretion in handling your account?
Regulatory\Anyone else have any authority over the acct?
Anyone else have any financial interest in the acct?
Anyone else guarantee this acct?
Is this acct used by or on behalf of a 3rd party?
Do you have direct or indirect interest in the acct other than commission?
Are you or spouse employee,Dir,Prtnr or Offcr of a dealer,StockExch or IIROC?
Do you trade or intend to trade with other investment firms?
Do you have any other accounts with our firm?
Are you or someone close a Head of State, Ambassador, etc. for a foreign State?
Margin & Leverage disclosure form completed & signed
Leverage approval template
Leverage risk disclosure form
Has money been borrowed to invest
How much money has been borrowed to invest
Date of loan
ID #1 - Type
ID #1 - ID Number
ID #1 - Place of Issuance
ID #1 - Expiry Date
ID #2 - Type
ID #2 - ID Number
ID #2 - Place of Issuance
ID #2 - Expiry Date
Account Application Information & KYC\Account #1 Profile\Account #
Account Application Information & KYC\Account #1 Profile\Account Type
Account Application Information & KYC\Account #2 Profile\Account #
Account Application Information & KYC\Account #2 Profile\Account Type
Account Application Information & KYC\Account #2 Profile\Objective\Objective - Income %
Account Application Information & KYC\Account #2 Profile\Objective\Objective - Growth %
Account Application Information & KYC\Account #2 Profile\Objective\Objective - Aggressive %
Account Application Information & KYC\Account #2 Profile\Risk Tolerance\Risk - Low %
Account Application Information & KYC\Account #2 Profile\Risk Tolerance\Risk - Medium %
Account Application Information & KYC\Account #2 Profile\Risk Tolerance\Risk - High %
Account Application Information & KYC\Account #2 Profile\Investment Time Frame\Investment Time Frame
Account Application Information & KYC\Account #2 Profile\Investment Time Frame\Investment Knowledge
Account Application Information & KYC\Account #3 Profile\Account #
Account Application Information & KYC\Account #3 Profile\Account Type
Account Application Information & KYC\Account #3 Profile\Objective\Objective - Income %
Account Application Information & KYC\Account #3 Profile\Objective\Objective - Growth %
Account Application Information & KYC\Account #3 Profile\Objective\Objective - Aggressive %
Account Application Information & KYC\Account #3 Profile\Risk Tolerance\Risk - Low %
Account Application Information & KYC\Account #3 Profile\Risk Tolerance\Risk - Medium %
Account Application Information & KYC\Account #3 Profile\Risk Tolerance\Risk - High %
Account Application Information & KYC\Account #3 Profile\Investment Time Frame\Investment Time Frame
Account Application Information & KYC\Account #3 Profile\Investment Time Frame\Investment Knowledge
WME_Client Information\Primary Advisor
WME_Client Information\IA Code
WM_KYC etc.\Balance Sheet\Liquid\Open
WM_KYC etc.\Balance Sheet\Fixed\RSP Spousal
WM_KYC etc.\Account #2\Leverage\Has money been borrowed to invest
WM_KYC etc.\Account #2\Leverage\How much money has been borrowed to invest
WM_KYC etc.\Account #2\Leverage\Date of Loan
WM_KYC etc.\Account #3\Leverage\Has money been borrowed to invest
WM_KYC etc.\Account #3\Leverage\How much money have been borrowed to invest
WM_KYC etc.\Account #3\Leverage\Date of Loan

 

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