New “Know Your Client” Questions

Making it Easier to do Business

In March and May of this year, we alerted you to new “Know Your Client” requirements that are necessary to comply with regulatory requirements. Starting June 20, 2022, we require additional information to open an account. These questions are not part of the opening workflow and will need to be provided via the new Know Your Client Addendum, found in the Resources page. If you have transitioned to Freedom Advisors, these questions will be part of the new account workflow starting June 20th.

These new profile questions are, in most cases, similar to what is provided in a loan application.

Existing questions that are now required:

Employer Name
Employer Address
Annual Income

New Questions:

Does the client expect to invest in low priced or marijuana related securities?
How many domestic wire transfers, inbound and outbound, are expected per month?
How many domestic checks are expected to be written per month?

If you have further questions, please contact Advisor Services at support@EQIS.com or 800-949-9936 and then press 2.

In This Issue:

State of the Markets | Inflation Exceeds Expectations
Making it Easier to Do Business | New “Know Your Client” Questions
Manager Spotlight | Ativo Capital
Your EQIS Team | Meet Sam Smith
Best Practices | What’s in a Name?

See The Dispatch Archive

LF1791

The Dispatch

Making it Easier to do Business