Due to regulatory requirements, which aim to protect vulnerable clients against financial exploitation, you can provide the name and contact information of one person that you trust, a (Trusted Contact Person or TCP) to assist us in protecting your investments.
We could contact this person to confirm or make inquiries about any of the following:
- Possible financial exploitation affecting you or your account(s)
- Your current contact information
- Concerns about your mental capacity as it relates to financial decision making
- The name and contact information of any legal guardian, executor, trustee or another personal or legal representative you may have.
You are encouraged to name as your TCP individual who you trust, is mature and can communicate and engage in potentially difficult conversations our firm about your situation.
You are also encouraged to name as your Trusted Contact Person an individual that is not involved in making decisions for your accounts (examples of such persons who may have authority to make decisions are joint account holders or those you have given a power of attorney to). Your Trusted Contact Person may be asked to assist our firm in protecting your investment accounts.
They may be asked questions about you such as, for example if representatives of our firm have concerns that you may be experiencing financial exploitation or diminished mental capacity.
A Trusted Contact Person cannot make financial decisions or account changes. An individual named as a Trusted Contact Person is not, by virtue of being named as your TCP, your legal representative, guardian or trustee.
While it is not mandatory to appoint a TCP, it is highly recommended that you do so. You can appoint your TCP by completing the appropriate form. Should you not wish to appoint a TCP at this time, you will need to indicate as such on the TCP form.