What Are the Most Important Parts of Account Opening Documents?

Video Summary: So, when filling out account opening paperwork, it is very important to check it over and make sure that it's accurate.

Video Transcript:

Account opening documents generally contain the information about how the account should be invested. Most firms include information about what the risk tolerance is, what the objectives are of the account, the net worth of the client, and all of those things are factored in what suitable recommendation should be made.

So, when filling out account opening paperwork, it is very important to check it over and make sure that it's accurate, make sure that it reflects what your actual net worth is, what's your actual risk tolerance is, what your actual objectives are, so that the recommendations may are in line with that.