Overview
The Suitability Questionnaire allows you to save information about an investor's financial situation and document an attestation. This customizable questionnaire can cover topics such as goals, investment knowledge, tax considerations, and liquidity needs. This process helps maintain a regulatory audit trail and ensures recommendations are well-suited to the investor.
Some features mentioned in this article may not be available as each environment has a customized experience. KYP and KYC are additional features only available for enterprise plans.
Where to find the Suitability Questionnaire
Once any KYP and KYC Risk Profile are complete, the Suitability tab can be found in the comparison screen, located next to the Settings and Close icons. This will open up the Suitability Determination pop-up.
How to complete your Suitability Questionnaire
Complete your questionnaire by entering your answers in the text box and/or selecting the appropriate options. Click on the Continue icon to proceed to the next question. After finishing the questionnaire, click on Submit to finalize the process.
Once submitted, the Suitability icon will display a checkmark to confirm completion.
How to review a Suitability Questionnaire
Suitability Questionnaires are available for review through the comparison used to answer them. To review a specific Suitability Questionnaire, simply return to the saved comparison and select the Suitability icon to view the completed questionnaire. The Suitability Determination pop-up now gives you the option to Delete, Edit or Cancel out of the questionnaire.
The Suitability feature helps document recommendations by creating a saved record to assess recommendations and documenting client financial situations. Start using it today to assist in your compliance requirements.