Client KYC Details—Overview tab
This dialog may look different, depending on license.
Field | Description |
|---|---|
Advisor | Read-only text field defaults to the code and name of the introducing advisor for the client for new KYCs. Otherwise, the last saved value. To change, click Find to open the Advisor search dialog where a different advisor can be selected. |
Annual Family Income | Add amounts to the following: • Annual Gross Income • Mtg, rent, prop taxes • Income tax • Debt payments • Other fixed expenses • Disposable annual income |
Annual Income | Indicates the Annual income value/range for the new or existing client KYC record. Enabled and allows an input value if the Annual income field type is Input and the system date is equal to or later than the effective date. Enabled and allows a range selection if the Annual income field type is Range and the system date is equal to or later than the effective date. Defaulted to blank if entering a new record or if updating an existing record where the field type has changed types. Defaulted to the existing value/range selection if updating an existing record where the field type is the same type. Input example: $100,000.00 Range example: $100,000.00 - $249,999.99 |
Approved | Click Details to open the Approval Details dialog where the KYC record date, time, user ID and dealer can be viewed for each of the dealers that approved a client KYC/Account event. |
Clipboard | Opens the Clipboard Output window where account and KYC information to be copied to a text editor. |
Contribution Time Line | Select from the list. |
Control Number | Generated after the KYC is saved. |
Description | Enter a description of the KYC to provide further identification. |
Effective Date | Enter the date on which the KYC form was completed in mm/dd/yyyy format, or click  to open the date pop-up calendar where you can select one. |
Fixed Assets | Indicates the fixed assets value/range for the new or existing client KYC record. Enabled and allows an input value if the Assets (liquid, fixed), total net worth field type is Input and the system date is equal to or later than the effective date. Enabled and allows a range selection if the Assets (liquid, fixed), total net worth field type is Range and the system date is equal to or later than the effective date. Defaulted to blank if entering a new record or if updating an existing record where the field type has changed types. Defaulted to the existing value/range selection if updating an existing record where the field type is the same type. Input example: $100,000.00 Range example: $100,000.00 - $249,999.99 |
Have you met the client face to face? | Select either Yes or No from the list. |
How long have you known the client? | Text field is always enabled. |
Investment Experience | Select any of the check boxes. |
Investment Objective | Select any of the following from the drop-down list: • Blank • Safety • Income • Growth |
KYC Form Received | If you have received a KYC form for the client, select this check box. If this is not selected, the KYC form will be considered an Outstanding Document when reports are generated. |
KYC Type | If separate KYC forms are to be completed for each ownership type, select the correct KYC type from the list. |
KYC Update Notification | Enter the date in mm/dd/yyyy format, or click to open the date pop-up calendar, where a written request was sent to the client asking if any of their KYC information was materially changed. Optional. |
Last Changed | Date a previously saved KYC is updated. Not applicable when entering a new KYC |
Liquid Assets | Indicates the liquid assets value/range for the new or existing client KYC record. Enabled and allows an input value if the Assets (liquid, fixed), total net worth field type is Input and the system date is equal to or later than the effective date. Enabled and allows a range selection if the Assets (liquid, fixed), total net worth field type is Range and the system date is equal to or later than the effective date. Defaulted to blank if entering a new record or if updating an existing record where the field type has changed types. Defaulted to the existing value/range selection if updating an existing record where the field type is the same type. Input example: $100,000.00 Range example: $100,000.00 - $249,999.99 |
Loan | Indicates the loan value for the new or existing client KYC record. Enabled and allows an input value if the Liabilities field type is Mortgage and loan input and the system date is equal to or later than the effective date. Otherwise, the field is disabled and defaulted to blank. Negative values are not supported. Defaulted to blank if entering a new record or if updating an existing record where the field type has changed. The field is defaulted to the existing value if updating an existing record where the field type is the same type. |
Mortgage | Indicates the mortgage value for the new or existing client KYC record. Enabled and allows an input value if the Liabilities field type is Mortgage and loan input and the system date is equal to or later than the effective date. Otherwise, the field is disabled and defaulted to blank. Negative values are not supported. Defaulted to blank if entering a new record or if updating an existing record where the field type has changed. The field is defaulted to the existing value if updating an existing record where the field type is the same type. |
Net Worth Details | The fields in the section are either Input or Range based on the compliance configuration in R•Broker Administrator for the introducing dealer for the client. The Previous Details button is only visible when updating an existing client KYC record if the field type has changed for any of the net worth fields, and the current system date is equal to or later than the effective date for the field type change. When the Previous Details button is selected, the Previous Net Worth Details dialog is launched to display the details of the existing client KYC record. |
Review KYC | Button opens the Review Client KYC dialog. |
Status | Select either Active or Inactive. |
Time Horizon | Select from the list. |
Total Assets | Calculated sum of the Liquid assets plus Fixed assets input values. Example: $100,000.00 + $100,000.00 = $200,000.00 |
Total Liabilities | Indicates the total liabilities value for the new or existing client KYC record. If the Liabilities field type is Mortgage and loan input, then the field is disabled and displays the calculated/stored sum of the Mortgage and Loan input values. If the Liabilities field type is Total liabilities input, then the field is enabled and allows an input value. Negative values are not supported. |
Total Net Worth | Indicates the total net worth value for the new or existing client KYC record. If the Assets (liquid, fixed), total net worth field type is Range and the current system date is equal to or later than the effective date, then the field is enabled to select a range. If the Assets (liquid, fixed), total net worth field type is Input and the current system date is equal to or later than the effective date, then the field is disabled and displays the calculated/stored sum of the Total assets minus the Total liabilities where the value is negative if the Total liabilities exceed the Total assets. The field is defaulted to blank if entering a new record or if updating an existing record where the field type has changed types. The field is defaulted to the existing value/range selection if updating an existing record where the field type is the same type. Range example: $100,000.00 - $249,999.99 Calculated example: $200,000.00 - $55,000 = $145,000000 |
Updated | Click this check box if the KYC has been updated. |
KYC Details—Investment Objectives section
Field | Description |
|---|---|
Income, Long Term Growth, Short Term, Balanced | Enter the percentage of total investments that the client wants to allocate to the following types of investments. The total percent entered must equal 100%. For example: • Income investments: 30% • Long–term growth investments: 40% • Short–term/Speculative investments: 10% • Balanced: 20% |
Investment Horizon | The time range in which the investment objectives are targeting. |
Investment Knowledge | Select the appropriate level. |
KYC Details—Risk Tolerance section
Field | Description |
|---|---|
High, Medium, Low | Indicate the client’s tolerance for the different levels of investment risk. Enter a percent in each totalling 100%. |
KYC Details—Net Worth section
Field | Description |
|---|---|
Liquid Assets | Enter the value of the client’s liquid assets. |
Fixed Assets | Enter the value of the client’s fixed assets. |
Liabilities | Enter the liability or debt amount held by a client. |
Total Net Worth | Displays total of Liquid Assets and Fixed Assets fields. |
Gross Annual Income | Enter the client’s gross annual income. |
Income Stability | Investor's income stability status based on current and expected future income. |
KYC Details—Employment Details section
Field | Description |
|---|---|
Employment Status | Investor's current employment status. |
Employer Name | Name of the investor's company of employment. |
Type of Business | Type of company where the investor is employed. |
Occupation | Investor's job description. |
Emergency Funds | Investor's emergency fund status based on at least 3 months of expenses saved. |
Employment Start Date | Employment start date related to the employment details. |
Employer Address | Includes 3 address fields, city, province, country and postal code. |
KYC Details—Client Details section
Field | Description |
|---|---|
Marital Status | Select from the list. |
Married | Indicates whether the investor is married. |
No. of Dependants | Number of dependents for the investor. |