Tag: kyp

Implementing KYP: Client Conversations and Firm Preparedness

Throughout the CFR journey to date, InvestorCOM has met with more than 50 dealers and helped dozens meet their KYP requirements.  We’ve been fortunate to participate in meaningful conversations with wealth leaders to discuss how to implement the principles-based nature of the Client Focused Reforms. Reflecting on the approach firms are taking towards implementing a […]

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Advisors Require Tech as Pre-trade Obligations Grow

Firms that deliver on digital documentation and disclosure will reduce audit risk The wealth industry has faced an unprecedented wave of new regulations over the last decade, and 2022 may be the most challenging regulatory year yet for firms. In Canada, the client-focused reforms (CFRs) will be in effect in the new year. In the U.S. regulation […]

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Wealth Firms Use InvestorCOM to Meet KYP Requirements for the Client Focused Reforms

Firms use InvestorCOM’s compliance platform to satisfy KYP requirements: assess and monitor product shelf for material change and compare and document reasonable product alternatives. Toronto, ON, November 23, 2021 – InvestorCOM, a leading regulatory software provider to the wealth management industry, today announced that several Canadian investment dealers, with close to $1 Trillion of assets […]

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Meeting New KYP Requirements Without Restricting Shelves

In response to recent know-your-product (KYP) regulations on both sides of the border, some of the industry has focused on reducing product shelves and in some cases eliminating third-party products altogether. The intent of the new regulations is to ensure that advisors consider a reasonable range of alternatives when making a recommendation. By pruning their […]

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KYP and the Power of the Peer

Why segmenting product shelves into peer groups can help meet regulatory challenges The requirement for advisors to have enhanced KYP processes is ramping up with the client-focused reforms. Beginning in December, all investment recommendations made by an advisor must be filtered through a lens that considers reasonably available alternatives. Furthermore, this analysis must be documented […]

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CFR: Implementing KYP – Webinar Q&A

Recently, InvestorCOM hosted a webinar with “Client Focused Reforms: Implementing KYP” featuring Rebecca Cowdery and Michael Taylor from BLG, Richard Wylie from Assante Wealth Management, and Parham Nasseri and Dave Carr-Pries from InvestorCOM where they discussed approaches firms can take to meet their KYP obligation. There was tremendous interest in this topic and we ran […]

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Webinar: Client Focused Reforms – Implementing KYP

On-Demand Webinar With the CFR implementation deadline fast approaching, many firms are looking for practical strategies for meeting the remaining elements of the CFRs. Watch this 60-minute on-demand webinar to hear industry experts from Assante Wealth Management and BLG discuss approaches firms can take to meet their KYP obligation. The discussion will focus on: Practical […]

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Materiality Index: Monitor for Significant Change

The Client Focused Reforms and the introduction of the new KYP requirements place an explicit obligation on firms to reasonably assess, approve and monitor the securities (or products) made available to clients for significant change. Given the principles-based nature of the regulatory expectations, the ‘reasonable’ actions taken by each firm will depend on a number […]

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Debra Foubert, OSC Discusses the Client Focused Reforms

Over the past twelve months, InvestorCOM has hosted several forums for firms to exchange ideas on how they plan to meet the new KYP and enhanced suitability requirements of the Client Focused Reforms (CFRs). These discussions have provided many of our clients with insights on how to implement the requirements with confidence. Recently, Debra Foubert, […]

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Client Focused Reforms: A Dialogue with Richard Roskies, AUM Law

Over the course of the Client Focused Reforms (CFR) journey, InvestorCOM has hosted a series of virtual forums for wealth management leaders to better understand the nuances of the regulation, openly discuss compliance challenges, and consider viable strategies for meeting the regulations. Anchored by these discussions, on February 2 2021, InvestorCOM hosted leading industry experts, […]

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