CE Courses

The Principles and Practice of Knowing Your Client

$119.95

Know Your Client (KYC) is an ethical and legal responsibility for those in the financial-services industry. 

In fact and in practice, however, Know Your Client (KYC) is a challenging and demanding directive, because it requires that the investment professional devote time, care, and insight into assessing a client's motives, needs, and goals.

This informative course describes:

  • KYC in the context of the New Account Application Form (NAAF).
  • KYC in the context of the information required to fulfil one's obligations under the Proceeds of Crime (Money-Laundering) and Terrorist Financing Act.
  • The communication skills that can be employed to obtain information from the client and to better understand the psychological motives that underlie their investment behaviour.
  • The importance of setting goals with the client.
  • How client expectations can be managed.
  • Methods to mitigate risk.
  • How to ascertain the suitability of investments for each client.

It also provides 20 self-assessment questions that will help the advisor judge whether they have recommended suitable investments for a client.

This course will have an impact on how advisors view and use KYC information – for their benefit and that of their clients.

It also provides 20 self-assessment questions that will help the advisor judge whether they have recommended suitable investments for a client.

Format: Online

No. of Pages: 69 pages

IIROC: 6.0 CECAP Compliance hours

BC CE Credits: 6 hours

AB CE Credits: 6 hours Life, 6 hours A & S

SK CE Credits: 6 hours

MB CE Credits: 6 hours

ON CE Credits: 6 hours

CFP®: 6

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