Forms Consulting

We believe that it's essential that every Broker Dealer must strengthen it's walls of glass with layers that come from accurate and consistent data. This is at the heart of the non-negotiables for the profitable efficient Broker Dealer. As you start looking at your Broker Dealer account forms as data entry tools, you may want our assistance in enhancing your forms.

Here are a few simple questions to start:

  • Do your forms meet FINRA’s Suitability requirements?

  • What about Know Your Customer requirements?

  • With the NTM 13-42 and the possibility of CARDS is your Broker Dealer prepared? 

  • Assuming you are prepared, are you talking advantage of On-Boarding system that uses the New Account Form for a data entry tool as well?

  • Have you done your reasonable diligence for every account to stay ahead of KYC, CARDS and Suitability information?

A number of data points come into play:

  • Age

  • Other investments

  • Financial situation and needs, annual income and liquid net worth

  • Tax status, such as marginal tax rate

  • Investment objectives, generating income, funding retirement, buying a home, preserving wealth or market speculation

  • Investment experience

  • Investment time horizon

  • Liquidity needs

  • Risk tolerance

  • See more at FINRA.org   

C5 Fintech Solutions has the people who know their stuff and can help you with these form  requirements and much more. Why not take the Next Step for a consultation?