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"Investment advice" activity - Record

First, you record the base data for the appointment and the participating persons. This also includes such MiFID-relevant data as the duration and channel of the communication of the meeting (in person or by telephone).

The previously recorded MiFID-relevant data of the client is checked for completeness and being up-to-date, thus ensuring valid investment advice minutes. If the data is outdated or incomplete, the advisor is informed by a MiFID alerting and can add them specifically.

Another important step is the selection of the individual topics of the meeting. Thus, you can decide which steps are to be added to the advisory workflow. Possible topics are, for example, advice on the portfolio strategy, the current capital market situation or checking individual portfolio positions.

In the next step, the current security positions and the available liquidity of the actual portfolio are shown in an asset summary.

To buy securities using newly invested money, you can note this here and then carry out in the target portfolio at a later stage.

When discussing the investment recommendation, you can specify the recommendation by using an investment plan list. Here you can record decisions with order implications like "Buy", "Sell", or "Subscribe" as well as recommendations without order implications like "Hold" and "Do not buy". A free configurable recommendation list supports you to pass on the global recommendations for securities to all advisors and ensure the compliance.

In the next step, the planned orders are assessed for appropriateness (according to the MiFID directive). Thus you can see whether the client has the necessary knowledge and experience for a particular financial instrument.

With the suitability test according to MiFID, the client's portfolio is assessed regarding the investment objectives, knowledge and experience as well as the financial situation as recorded with the "Client profiling" activity. The tests can be modified in Infront Portfolio Manager.

Representations of the actual and target portfolio help you maintain an optimal overview of the portfolio strategy. All overviews can be adjusted to your individual requirements.

If the planned orders have been decided on, you can also record the information you provide on product-specific risks, charges and the reasons for the recommendation. This can be done by using free-text fields or pre-defined selection options.

Further MiFID disclosure requirements, for example, concerning third-party inducements and the conclusion of the transactions, can be implemented by using corresponding checkboxes.

After recording all relevant data, you can create a document with the investment advice minutes. Then you can print the document and give or sent it to the client. The document is also archived automatically. If necessary, the archiving can be integrated into a document management system in cooperation with us as project work. Furthermore, you can also upload other documents relevant for an activity.

Now you can finish the recording and thus enable the next subactivity.

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