“Client Suitability” is a legal and regulatory requirement. In common law jurisdictions, firms have a fiduciary duty to their clients.
Regulators are upgrading their rules to ensure clients are recommended suitable investment products and that firms understand what they are selling.
GRC-Maestro supports your Client Suitability management and reporting with:
- Maestro-Templates: based on your specific Client Suitability requirements for different client classifications and investment products
- Schedules: periodically sending Maestro-Forms to designated control staff
- Incidents: evaluate responses with automatic and manual incident creation, reporting and resolution
GRC-Maestro evidences to your clients and regulators that your business operates an effective Client Suitability management environment.