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.

BREAKING DOWN '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.

  1. Client Facing

    A type of business role where the employee interacts directly ...
  2. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence ...
  3. Churning

    Excessive trading by a broker in a client's account largely to ...
  4. Private Banking

    Personalized financial and banking services that are traditionally ...
  5. Broker

    1. An individual or firm that charges a fee or commission for ...
  6. Retail Banking

    Typical mass-market banking in which individual customers use ...
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