We would like to remind you that in the situation where you are appointed as the executor/liquidator of a client’s estate, as a general rule, you must transfer the client’s account to another dealer. 

You cannot remain the Representative on the account. The same rule applies in the case of a mandate in the event of incapacity (protection mandate). You can remain the Representative on the client’s account as long as the mandate has not been homologated.

There may be exceptions, which is why we suggest you consult our Compliance Policies and Procedures Manual for more details. Please refer to Chapter 4 – Know Your Client, IV. Investia Prescribed Forms, Section D) Powers of Attorney (“POA”), Trustee, Executor of Estate.

Thank you for your attention.

Should you have any questions or require additional information, please do not hesitate to contact your Compliance Officer.