Compliance Memo

Compliance Memorandum 2011-09; New Disclosure; Client Information Document

For more information, contact:

Compliance Team

Date Issued:

September 28, 2011

We are reminding all financial advisors that effective September 28, 2011 all new clients to GPWM must receive the new “Client Information Document” (CID) and the “Acknowledgement” page must be signed and delivered with the NAAF for review and approval. In addition, all existing clients must also receive the “CID” and sign the “Acknowledgement” page before December 2013. We would strongly recommend that you incorporate the document into your client reviews throughout the transition period.

The purpose of the CID is to provide a client plain language disclosure on every aspect of our business as it relates to you and the client. These aspects include:

  • (a) The nature of the advisory relationship;
  • (b) The products and services we offer
  • (c) Business activities that are outside of GP Wealth Management;
  • (d) How we handle your funds and personal information;
  • (e) How your Financial Advisor select the products that are right for you and how we review those recommendations;
  • (f) An explanation of the terms we use in our KYC process;
  • (g) The content and frequency of the reports you will receive from us;
  • (h) An explanation of how we receive compensation;
  • (i) How to contact us if you have a complaint about our service and;
  • (j) How your personal information and investments are protected.

As a reminder, a NAAF provided for a new client must also include the CID Acknowledgement form as part of the review and approval.

As always, if you have any questions or comments, contact the Compliance Department by email at