“A newly designed compliance resource for you!”
Dear Advisors,
Our first few compliance bulletins of 2023 relayed how you can prepare for Advisor Practice Reviews (APRs) and for regulator audits, by ensuring your practice is compliant (having your AML, privacy and market conduct manuals in order), and by ensuring your client files are complaint and contain the six compliance elements/documents of “The Approach.”
To make it easier for you to comply with these compliance requirements, we have redesigned the Compliance tab and ‘Compliance Forms’ section of www.idcwin.ca to make it easier for you to quickly grab the compliance form templates you need. There is now a specific hotlink for ‘The Approach’ which contains all of the required client file templates. In this section, be sure to review four unique examples of Reason Why Letters (3 for insurance sales and 1 for investment sales) posted in Word format, to help you understand how to formulate Reason Why letters in different client scenarios, in a way that is complaint and in a way that sets up future sales calls.
IDC WIN Compliance