This memo aims to provide clarification regarding the witness confirmation process for client signatures on legal documents. Recently, there have been issues with documents not meeting the necessary requirements. 

Please be advised of the following update to the “Unsuitable” tile in the Advisor Dashboard regarding currency conversion.

We are pleased to announce the release of an updated version of Investia’s Compliance Policies & Procedures Manual (CPPM”), reflective of policy changes and enhancements arising from internal, and regulatory developments made over the past year.   

We would like to inform you that the Investia Relationship Disclosure Information Document (“RDID”) has been recently reviewed and amended.

As you may already know, Fundserv, and therefore Univeris, requires the gender of the beneficiary when opening a Registered Education Savings Plan (RESP) account that holds segregated funds, as the premium calculation is based on the age and gender of the beneficiary. However, due to a system limitation, this requirement is mandatory for all RESP beneficiaries, whether or not they hold segregated funds.

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 missed these communications while you were on vacation this summer? Here are two initiatives released by our Compliance team last June and July to facilitate your day-to-day activities. 

For those of you who may not know, a new global client management initiative was launched on July 18, 2024 (ref. Launch of Global Management memo).

Have you started using it yet? Launched on June 27, 2024, our Automated KYC Update Tool allows clients to review their KYC profile easily, quickly and securely through their Client Portal, and Representatives to approve the KYC much more efficiently.

We are pleased to share with you some excellent news concerning the identification process for global management clients. As you know, we had previously announced that the use of the (*) symbol to identify these clients was a temporary measure. After analysis, we have found a simpler and more permanent way of facilitating this process.