Challenges and Best Practices for KYP Compliance
Dealers need to monitor the ever-changing landscape of investment products on their shelf. However satisfying current KYP requirements in a product universe with thousands of changes every week is difficult. And those requirements are increasing.
In this 45-minute panel discussion, industry experts from Assante Wealth Management, Manulife Securities, TD Wealth and InvestorCOM discuss the challenges and best practices on how to focus on material changes and stay on top of their product shelves.
Sign up today to hear panelists discuss
- How they stay on top of product shelf changes
- The downstream implications and processes of a material change
- Challenges organizing information for an examiner / auditor
- How Client Focused Reforms will add to these challenges
- And more…
Meet Your Panelists
Richard J. Wylie, Vice President Investment Strategy, Assante Wealth Management
Richard Wylie oversees Assante’s investment product shelf. He chairs Assante’s Investment Committee and performs due diligence on new product offerings, acting as the liaison with product issuers, promoters and underwriters. Richard also co-ordinates the approval of specialty investment transactions with Assante’s Compliance team and trading desk. Prior to joining Assante in 2000, Richard was the trading floor economist and fixed income analyst at TD Securities. During his six years at TD Securities, he specialized in the areas of economic analysis of the U.S. and Canadian economies, corporate and government debt, and studies of both the U.S. Federal Reserve and the Bank of Canada. Prior to his tenure at TD Securities, Richard spent five years trading both Foreign Exchange and Money Market securities for Ontario Hydro. Richard has been a CFA charterholder since 1994. He received both his B.A. and M.A. in economics from the University of Waterloo.
Ryan Grosz, Head of Product Research, Manulife Securities
Ryan is the Head of Product Research at Manulife Securities and oversees the managed investment product shelf. In this role he provides strategic direction for the managed product shelf, performs due diligence on new product offerings and acts as the primary contact with product manufacturers. He is also responsible for rate of return reporting at the dealer which entails analyzing algorithm updates, data integrity, and advisor inquiries. Prior to joining Manulife Securities in 2010, Ryan worked at Manulife Asset Management Limited in an institutional asset management analyst role and Moneris Solutions Incorporated as a treasury analyst. Ryan has been a CFA charterholder since 2011 and a CIPM certificant since 2015.
Alice Lim, Senior Manager, Portfolio Advice and Investment Research, TD Wealth
Alice is part of the Portfolio Advice & Investment Research team, and manages the team responsible for platform oversight and governance of product onboarding and distribution in TD Wealth. This includes fixed income, alternative products, structured products and other investment products. Alice joined TD in 2009 with the Wealth Planning group where she supported advisors in learning how to build exceptional financial plans, develop processes on evaluating quality plans and managed the reporting and analysis for the Wealth Advisory Services. Prior to joining TD, Alice was an Investment Advisor in the US with AXA Advisors LLC, helping clients meet their financial objectives and managing risk through customized comprehensive investment solutions. Earlier in her career, Alice worked at Fifth Third Bank (US) in various capacities ranging from Retail, Securities, Operations, to Assets Management. Alice has a Bachelors of Art from the University of Toronto and a Masters of Business Administration degree from the Ivey School of Business from Western University..
Dave Carr-Pries, Vice President, Product & Marketing, InvestorCOM
Dave has spent the last decade helping financial organizations be compliant while focusing on the client experience. He delivers best-in-class design practices, technology, and a passion for creating intuitive experiences and solutions. Dave supported the industry’s adoption and implementation of CRM2 through investor and advisor research, CRM2 report design for 30 Canadian dealers including banks, insurance companies and mid-sized independent dealers. He has since been focusing on delivering solutions for Client Focused Reforms in Canada and Regulation Best Interest in the US.