Chap 1 Flashcards
What does having your license demonstrate? (4)
1) commitment to professional development
2) competency in recommending suitable products
3) ethical practices
4) responsibility to protect integrity of industry
Name 3 rewards of satisfying clients
1) come back for business
2) referrals
3) buy other products from you in future
Name 2 reasons why client service is important
1) MFs are subject to sales regulations/disclosure requirements that demands specialized client approach
2) Rapidly changing FS environment requires understanding of characteristics of many products
Name and describe 3 types of responsibilities for a MF rep
1) Legal - investment must be suitable
2) Ethical - put client needs first
3) Professional - provide the best service
What are the 5 parts of the KYC profile
1) financial goals
2) financial circumstance
3) personal circumstance
4) investment knowledge
5) risk tolerance