In the financial industry, it is common for companies to ask their clients to complete a KYC check. KYC stands for Know Your Customer. The KYC procedure is designed to help companies better understand their customers’ needs. It also enables companies to verify a client’s identity and ensure that the services on offer are appropriate for that client.
The KYC procedure has many advantages. Firstly, it helps ensure that companies have all the personal information they need to be able to provide a service, such as the client’s name, address and contact details. Secondly, it helps companies to better understand a client’s financial circumstances and their investment goals. This, in turn, helps companies to offer suitable products and ensure that clients get the best possible service.
It is worth noting that if you would like to access our portfolio management services, you will be required to complete a KYC as part of the registration process. Rest assured, the process is very simple and can usually be completed online within a matter of minutes.