Know Your Client - KYC
Definition of 'Know Your Client - KYC'A standard form in the investment industry that ensures investment advisors know detailed information about their clients' risk tolerance, investment knowledge and financial position. |
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Investopedia explains 'Know Your Client - KYC'KYC forms protect both clients and investment advisors. Clients are protected by having their investment advisor know what investments best suit their personal situations. Investment advisors are protected by knowing what they can and can not include in their client's portfolio. |
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