The Know Your Client Rules

Insights into what is involved in buying, selling & living in Portugal

Know Your Client Rule

Before providing you with advice, investment advisors must meet the requirements of the “Know Your Client” (KYC) rule to ensure their advice is suitable for you.

At your first meeting, your investment advisor will ask for your:

  • Marital status
  • Age – your date of birth
  • Occupation – if you are retired, your occupation before you retired
  • Income – your annual income from all sources, including employment income and investment income
  • Net Worth – an estimate of your total assets less your total liabilites
  • Number of dependants
  • Risk tolerance: your willingness to accept investment risk and your ability to withstand financial losses
  • Investment objectives: why you are investing or what you intend to use your investments for
  • Investment knowledge and experience: your knowledge of investing, investment products and the associated risks
  • Time horizon: how long you expect to keep the majority of your account invested to reach your investment objectives

Your investment advisor will need to know whenever you have a change in your personal circumstances, such as a meaningful change in employment, income, assets, liabilities, marital status or family situation. Ensuring that your KYC information is up-to-date and accurately reflects your personal situation will help your investment advisor provide you with suitable advice.

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