Definition of KYC and Suitability Terms

Helpful Definitions

Below are definitions of the KYC terms that will be used in making a suitability determination for you.

Risk Profile
Your risk profile includes both your willingness to accept risk (risk tolerance) and ability to endure potential financial loss (risk capacity). You risk tolerance may be reflected in your attitude towards risk while your risk capacity is generally influenced by your financial circumstances, age, life stage and/or asset mix.

Time Horizon
Simply stated, the time horizon is how long may you invest until you require your money back. This element of the KYC information is important as the time horizon affects the suitability of your investments, including asset mix and choice of investment product.

Liquidity refers to the ease in which an asset can be sold for cash. 

Investment Knowledge
We make our portfolio recommendations based on the assumption that you have basic investment knowledge. If this is not the case and you have concerns based on this assumption, we encourage you to discuss this with one of our portfolio managers.

Proprietary Product
A proprietary product means a security of an issuer if one or more of the following apply:

(a) the issuer of the security is a connected issuer of Assante Connect;

(b) the issuer of the security is a related issuer of Assante Connect;

(c) an affiliate of Assante Connect is the investment fund manager or portfolio manager of the issuer of the security.

Generally speaking, a product is considered a proprietary product of Assante Connect if it created by an affiliate. Most likely, it will contain the term “CI” as part of its name.

Related Issuer
A related issuer means a person or company that influences, or is influenced by, another person or company.

Connected Issuer
A connected issuer is a company that has a business relationship with Assante Connect that, in connection with a distribution of securities of the issuer, is material to a prospective purchaser of the securities.

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