Risk Profiling: A Good Friend Indeed

The Know Your Client (KYC) process is one of the most fundamental obligations under securities legislation and one of the most important elements of investor protection.  A key part of the KYC /suitability regime is the assessment of an accurate client risk profile. The number one cause of investor complaints and client dissatisfaction is unsuitable investments, and the primary cause is a defective client risk profile assessment either due to incompetence, negligence and/or lack of a...