What is/are the objective(s) for gathering a client’s non - ProProfs Discuss
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What is/are the objective(s) for gathering a client’s non-financial, personal, and family information?



I.) to have proper identification of the individual beneficial owner and account holder
II) to understand the segmentation of primary and secondary client relationships within the family in order to determine who the key decision makers of the family are
III) so that the Covered Persons will know what gifts to get for the clients and their family members on social occasions
IV) to appreciate the evolving individual/family values and social behavior that shapes the hierarchy and various personal relationships of family members, for the purpose of supporting family wealth succession and continuity


This question is part of CACS Paper 1 Trial Questions (Client Advisor Competency Standards) CACSPAPER.com
Asked by Cacspaper, Last updated: Feb 01, 2020

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cacspaper

Cacspaper

Answered Nov 12, 2017

I, II and III
 

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