Common use of Suitability Assessment Process Clause in Contracts

Suitability Assessment Process. Through conversations with you and a review of the information provided by you on the Application, your Advisor will gain an understanding of your financial situation and life circumstances. The information you provide is broadly referred to as “Know Your Client” (KYC) information and will be used by your Advisor to determine whether a given investment is suitable for you. You will be provided with a copy of your KYC information at the time of account opening and each time there is a material change to your KYC information. The KYC information and other factors that guide us in our decision as to an investment’s suitability include what we understand to be your current:  Financial situation - What financial assets (e.g. deposits, investments etc.) and liabilities (e.g. debt, mortgage etc.) you have and the sources and amount of your income. We will consider the size of any transaction compared to the overall value of your net financial assets (assets minus liabilities).  Investment knowledge - Whether you consider yourself, or we understand you, to be a novice at investing, have some knowledge or feel you understand more complex financial products.  Investment objectives - What you tell us are your specific financial goals. This will help us determine how to balance the desire to earn income and/or increase your capital through growth in the market value of your holdings/Account.  Time horizon - When you expect to withdraw a significant amount of your Account. For example, to buy a house or pay for education. In retirement, this may also include consideration of tax requirements to withdraw minimum amounts.  Risk tolerance - Your willingness and ability to assume risk and incur fluctuations and/or losses in the value of your investments in pursuing your investment goals. For example, an investor with a high risk tolerance has an above average willingness and ability to risk losing money to get potentially better results. In addition, other pieces of financial or personal information will have to be collected, including name, address, telephone number, email address and certain information concerning family, employment and financial status. This information will be used to confirm your identity and determine your investor profile. Our understanding of your profile is critical. Some of the above factors are relatively easily answered by providing a number or simply answering “yes” or “no”. However, some factors are more complex, particularly your risk tolerance. Following this assessment, if an investment is considered to be unsuitable, your Advisor will discuss the situation with you and may recommend that you not proceed to purchase the investment or that you make changes to the other investments in your Account to ensure suitability of your overall portfolio. If you nevertheless wish to purchase an investment that your Advisor has determined unsuitable, your Advisor will, on a case by case basis, determine whether to proceed with the transaction. Before accepting an order or recommending a security to you, your Advisor will review each order in the context of the KYC suitability factors described above. Your Advisor will also assess the suitability of the investments in your Account whenever you transfer or deposit securities into the Account, there is a material change to your KYC information, or there is a change in the Advisor responsible for your Account. If your Advisor identifies any concerns during the suitability determination, they will discuss them with you and may be required - pursuant to securities legislation, MFDA rules or good business practice - to document the discussion. If your Advisor considers a trade request to be unsuitable, they may refuse to execute the trade or advise you against proceeding with the trade. In extreme cases, your Advisor may determine to terminate our advisory relationship. Unless specifically arranged with your Advisor, your Account will not be assessed for suitability in other circumstances, such as during periods of significant market fluctuations.

Suitability Assessment Process. Through conversations with you and a review of the information provided by you on the Application, your Advisor will gain an understanding of your financial situation and life circumstances. The information you provide is broadly referred to as “Know Your Client” (KYC) information and will be used by your Advisor to determine whether a given investment is suitable for you. You will be provided with a copy of your KYC information at the time of account opening and each time there is a material change to your KYC information. The KYC information and other factors that guide us in our decision as to an investment’s suitability include what we understand to be your current:  ▪ Financial situation circumstances - What financial assets (e.g. deposits, investments etc.) and liabilities (e.g. debt, mortgage etc.) you have and have, the sources and amount of your income, and your liquidity needs. We will consider the size of any transaction compared to the overall value of your net financial assets (assets minus liabilities).  ▪ Investment knowledge - Whether you consider yourself, or we understand you, to be a novice at investing, have some knowledge or feel you understand more complex financial productsmarkets, the relative risk, and limitations of various types of investments and how the level of risk taken affects potential returns.  ▪ Investment needs and objectives - What you tell us are your specific financial goalsgoals like saving for a property purchase or retirement. This will help us determine your liquidity needs and how to balance the desire to earn income and/or increase your capital through growth in the market value of your holdings/Account.  ▪ Time horizon - When you expect to withdraw a significant amount of your Account. For example, to buy a house or pay for education. In retirement, this may also include consideration of tax requirements to withdraw minimum amounts.  ▪ Risk profile - the lower of your risk tolerance - Your (i.e. your willingness to accept risk) and your risk capacity (i.e. your ability to assume risk and incur fluctuations and/or losses in the value of your investments endure potential financial loss in pursuing your investment goals). For example, an investor with a high high-risk tolerance profile has an above average both the willingness and ability to risk losing money to get potentially better results. In addition, other pieces of financial or personal information will have to be collected, including name, address, telephone number, email address and certain information concerning family, employment employment, and financial status. This information will be used to confirm your identity and determine your investor profile. Our understanding of your profile is critical. Some of the above factors are relatively easily answered by providing a number or simply answering “yes” or “no”. However, some factors are more complex, particularly your risk toleranceprofile. Following this assessment, if an investment is considered to be unsuitable, your Advisor will discuss the situation with you and may recommend that you not proceed to purchase the investment or that you make changes to the other investments in your Account to ensure suitability of your overall portfolio. If you nevertheless wish to purchase an investment that your Advisor has determined unsuitable, your Advisor will, on a case by case basis, determine whether to proceed with the transaction. Before accepting an order or recommending a security to you, your Advisor will review each order in the context of the KYC suitability factors described above. Your Advisor will also assess the suitability of the investments in your Account whenever you transfer or deposit securities into the Account, there is a material change to your KYC information, or there is a change in the Advisor responsible for your Account. If a security held in your account undergoes a material change (i.e change in risk) as deemed by Aviso Wealth, your Advisor will be made aware of the change, and required to perform a suitability assessment to ensure your portfolio remains suitable. Your advisor, will contact you at least every three years to ensure your KYC has not changed and perform a suitability assessment based on any changes noted at that time. If your Advisor identifies any concerns during the suitability determination, they will discuss them with you and may be required - pursuant to securities legislation, MFDA XXXX rules or good business practice - to document the discussion. If your Advisor considers a trade request to be unsuitable, they may refuse to execute the trade trade, provide with you alternative options or advise you against proceeding with the trade. In extreme cases, your Advisor may determine to terminate our advisory relationship. Unless specifically arranged with your Advisor, your Account will not be assessed for suitability in other circumstances, such as during periods of significant market fluctuations.

Suitability Assessment Process. Through conversations with you and a review of the information provided by you on the Application, your Advisor will gain an understanding of your financial situation and life circumstancessituation. The information you provide is broadly referred to as “Know Your Client” (KYC) information and will be used by your Advisor to determine whether a given investment is suitable for you. You will be provided with a copy of your KYC information at the time of account opening and each time there is a material change to your KYC information. The KYC information and other factors that guide us in our decision as to an investment’s suitability include what we understand to be your current:  ▪ Financial situation circumstances - What financial assets (e.g. deposits, investments etc.) and liabilities (e.g. debt, mortgage etc.) you have and the sources and amount of your income, and your liquidity needs. We will consider the size of any transaction compared to the overall value of your net financial assets (assets minus liabilities).  ▪ Investment knowledge - Whether you consider yourself, or we understand you, to be a novice at investing, have some knowledge or feel you understand more complex financial productsmarkets, the relative risk and limitations of various types of investments and how the level of risk taken affects potential returns.  ▪ Investment needs and objectives - What you tell us are your specific financial goalsgoals like saving for a property purchase or retirement. This will help us determine your liquidity needs and how to balance the desire to earn income and/or increase your capital through growth in the market value of your holdings/Account.  ▪ Time horizon - When you expect to withdraw a significant amount of your Account. For example, to buy a house or pay for education. In retirement, this may also include consideration of tax requirements to withdraw minimum amounts.  ▪ Risk profile - the lower of your risk tolerance - Your (i.e. your willingness to accept risk) and your risk capacity (i.e. your ability to assume risk and incur fluctuations and/or losses in the value of your investments endure potential financial loss in pursuing your investment goals). For example, an investor with a high high-risk tolerance profile has an above average both the willingness and ability to risk losing money to get potentially better results. In additionresults ▪ Investment portfolio composition and risk level - How the purchase or sale of securities affects holdings in your Account in terms of allocation of holdings between debt, equity and other pieces of financial or personal information will have to be collectedclasses, including name, address, telephone number, email address and certain information concerning family, employment and financial status. This information will be used to confirm your identity and determine your investor profilethe risk involved in holding the assets. Our understanding of your profile is critical. Some of the above factors are relatively easily answered by providing a number or simply answering “yes” or “no”. However, some factors are more complex, particularly your risk toleranceprofile. Following this assessment, if an investment is considered to be unsuitable, your Advisor will discuss the situation with you and may recommend that you not proceed to purchase the investment or that you make changes to the other investments in your Account to ensure suitability of your overall portfolio. If you nevertheless wish to purchase an investment that your Advisor has determined unsuitable, your Advisor will, on a case by case basis, determine whether to proceed with the transaction. Before accepting an order or recommending a security to you, your Advisor will review each order in the context of the KYC suitability factors described above. Your Advisor will also assess the suitability of the investments in your Account whenever you transfer or deposit securities into the Account, there is a material change to your KYC information, or there is a change in the Advisor responsible for your Account. If your Advisor identifies any concerns during the suitability determination, they will discuss them with you and may be required - pursuant to securities legislation, MFDA IIROC rules or good business practice - to document the discussion. If your Advisor considers a trade request to be unsuitable, they may refuse to execute the trade trade, provide you with alternative options or advise you against proceeding with the trade. In extreme cases, your Advisor may determine to terminate our advisory relationship. Unless specifically arranged with your Advisor, your Account will not be assessed for suitability in other circumstances, such as during periods of significant market fluctuations. As an exception to the above, ongoing suitability for managed accounts will be provided as part of the managed account services.

Suitability Assessment Process. Through conversations with you and a review of the information provided by you on the Application, your Advisor will gain an understanding of your financial situation and life circumstancessituation. The information you provide is broadly referred to as “Know Your Client” (KYC) information and will be used by your Advisor to determine whether a given investment is suitable for you. You will be provided with a copy of your KYC information at the time of account opening and each time there is a material change to your KYC information. The KYC information and other factors that guide us in our decision as to an investment’s suitability include what we understand to be your current:  ▪ Financial situation circumstances - What financial assets (e.g. deposits, investments etc.) and liabilities (e.g. debt, mortgage etc.) you have and the sources and amount of your income, and your liquidity needs. We will consider the size of any transaction compared to the overall value of your net financial assets (assets minus liabilities).  ▪ Investment knowledge - Whether you consider yourself, or we understand you, to be a novice at investing, have some knowledge or feel you understand more complex financial productsmarkets, the relative risk and limitations of various types of investments and how the level of risk taken affects potential returns.  ▪ Investment needs and objectives - What you tell us are your specific financial goalsgoals like saving for a property purchase or retirement. This will help us determine your liquidity needs and how to balance the desire to earn income and/or increase your capital through growth in the market value of your holdings/Account.  ▪ Time horizon - When you expect to withdraw a significant amount of your Account. For example, to buy a house or pay for education. In retirement, this may also include consideration of tax requirements to withdraw minimum amounts.  ▪ Risk profile - the lower of your risk tolerance - Your (i.e. your willingness to accept risk) and your risk capacity (i.e. your ability to assume risk and incur fluctuations and/or losses in the value of your investments endure potential financial loss in pursuing your investment goals). For example, an investor with a high high-risk tolerance profile has an above average both the willingness and ability to risk losing money to get potentially better results. In additionresults ▪ Investment portfolio composition and risk level - How the purchase or sale of securities affects holdings in your Account in terms of allocation of holdings between debt, equity and other pieces of financial or personal information will have to be collectedclasses, including name, address, telephone number, email address and certain information concerning family, employment and financial status. This information will be used to confirm your identity and determine your investor profilethe risk involved in holding the assets. Our understanding of your profile is critical. Some of the above factors are relatively easily answered by providing a number or simply answering “yes” or “no”. However, some factors are more complex, particularly your risk toleranceprofile. Following this assessment, if an investment is considered to be unsuitable, your Advisor will discuss the situation with you and may recommend that you not proceed to purchase the investment or that you make changes to the other investments in your Account to ensure suitability of your overall portfolio. If you nevertheless wish to purchase an investment that your Advisor has determined unsuitable, your Advisor will, on a case by case-by-case basis, determine whether to proceed with the transaction. Before accepting an order or recommending a security to you, your Advisor will review each order in the context of the KYC suitability factors described above. Your Advisor will also assess the suitability of the investments in your Account whenever you transfer or deposit securities into the Account, there is a material change to your KYC information, or there is a change in the Advisor responsible for your Account. If a security held in your account undergoes a material change (i.e. change in risk) as deemed by Aviso Wealth, your Advisor will be made aware of the change, and required to perform a suitability assessment to ensure your portfolio remains suitable. Lastly, your Advisor, will contact you at least every three years to ensure your KYC has not changed and perform a suitability assessment based on any changes noted at that time. If your Advisor identifies any concerns during the suitability determination, they will discuss them with you and may be required - pursuant to securities legislation, MFDA XXXX rules or good business practice - to document the discussion. If your Advisor considers a trade request to be unsuitable, they may refuse to execute the trade trade, provide you with alternative options or advise you against proceeding with the trade. In extreme cases, your Advisor may determine to terminate our advisory relationship. Unless specifically arranged with your Advisor, your Account will not be assessed for suitability in other circumstances, such as during periods of significant market fluctuations. As an exception to the above, ongoing suitability for managed accounts wil l be provided as part of the managed account services.

Suitability Assessment Process. Through conversations with you and a review of the information provided by you on the Application, your Advisor will gain an understanding of your financial situation and life circumstancessituation. The information you provide is broadly referred to as “Know Your Client” (KYC) information and will be used by your Advisor to determine whether a given investment is suitable for you. You will be provided with a copy of your KYC information at the time of account opening and each time there is a material change to your KYC information. The KYC information and other factors that guide us in our decision as to an investment’s suitability include what we understand to be your current:  ▪ Financial situation - What financial assets (e.g. deposits, investments etc.) and liabilities (e.g. debt, mortgage etc.) you have and the sources and amount of your income. We will consider the size of any transaction compared to the overall value of your net financial assets (assets minus liabilities).  ▪ Investment knowledge - Whether you consider yourself, or we understand you, to be a novice at investing, have some knowledge or feel you understand more complex financial products.  ▪ Investment objectives - What you tell us are your specific financial goals. This will help us determine how to balance the desire to earn income and/or increase your capital through growth in the market value of your holdings/Account.  ▪ Time horizon - When you expect to withdraw a significant amount of your Account. For example, to buy a house or pay for education. In retirement, this may also include consideration of tax requirements to withdraw minimum amounts.  ▪ Risk tolerance - Your willingness and ability to assume risk and incur fluctuations and/or losses in the value of your investments in pursuing your investment goals. For example, an investor with a high risk tolerance has an above average willingness and ability to risk losing money to get potentially better results. In addition▪ Investment portfolio composition and risk level - How the purchase or sale of securities affects holdings in your Account in terms of allocation of holdings between debt, equity and other pieces of financial or personal information will have to be collectedclasses, including name, address, telephone number, email address and certain information concerning family, employment and financial status. This information will be used to confirm your identity and determine your investor profilethe risk involved in holding the assets. Our understanding of your profile is critical. Some of the above factors are relatively easily answered by providing a number or simply answering “yes” or “no”. However, some factors are more complex, particularly your risk tolerance. Following this assessment, if an investment is considered to be unsuitable, your Advisor will discuss the situation with you and may recommend that you not proceed to purchase the investment or that you make changes to the other investments in your Account to ensure suitability of your overall portfolio. If you nevertheless wish to purchase an investment that your Advisor has determined unsuitable, your Advisor will, on a case by case basis, determine whether to proceed with the transaction. Before accepting an order or recommending a security to you, your Advisor will review each order in the context of the KYC suitability factors described above. Your Advisor will also assess the suitability of the investments in your Account whenever you transfer or deposit securities into the Account, there is a material change to your KYC information, or there is a change in the Advisor responsible for your Account. If your Advisor identifies any concerns during the suitability determination, they will discuss them with you and may be required - pursuant to securities legislation, MFDA IIROC rules or good business practice - to document the discussion. If your Advisor considers a trade request to be unsuitable, they may refuse to execute the trade or advise you against proceeding with the trade. In extreme cases, your Advisor may determine to terminate our advisory relationship. Unless specifically arranged with your Advisor, your Account will not be assessed for suitability in other circumstances, such as during periods of significant market fluctuations. As an exception to the above, ongoing suitability for managed accounts will be provided as part of the managed account services.

Suitability Assessment Process. Through conversations with you and a review of the information provided by you on the Application, your Advisor will gain an understanding of your financial situation and life circumstancessituation. The information you provide is broadly referred to as “Know Your Client” (KYC) information and will be used by your Advisor to determine whether a given investment is suitable for you. You will be provided with a copy of your KYC information at the time of account opening and each time there is a material change to your KYC information. The KYC information and other factors that guide us in our decision as to an investment’s suitability include what we understand to be your current:  Financial situation - What financial assets (e.g. deposits, investments etc.) and liabilities (e.g. debt, mortgage etc.) you have and the sources and amount of your income. We will consider the size of any transaction compared to the overall value of your net financial assets (assets minus liabilities).  Investment knowledge - Whether you consider yourself, or we understand you, to be a novice at investing, have some knowledge or feel you understand more complex financial products.  Investment objectives - What you tell us are your specific financial goals. This will help us determine how to balance the desire to earn income and/or increase your capital through growth in the market value of your holdings/Account.  Time horizon - When you expect to withdraw a significant amount of your Account. For example, to buy a house or pay for education. In retirement, this may also include consideration of tax requirements to withdraw minimum amounts.  Risk tolerance - Your willingness and ability to assume risk and incur fluctuations and/or losses in the value of your investments in pursuing your investment goals. For example, an investor with a high risk tolerance has an above average willingness and ability to risk losing money to get potentially better results. In addition Investment portfolio composition and risk level - How the purchase or sale of securities affects holdings in your Account in terms of allocation of holdings between debt, equity and other pieces of financial or personal information will have to be collectedclasses, including name, address, telephone number, email address and certain information concerning family, employment and financial status. This information will be used to confirm your identity and determine your investor profilethe risk involved in holding the assets. Our understanding of your profile is critical. Some of the above factors are relatively easily answered by providing a number or simply answering “yes” or “no”. However, some factors are more complex, particularly your risk tolerance. Following this assessment, if an investment is considered to be unsuitable, your Advisor will discuss the situation with you and may recommend that you not proceed to purchase the investment or that you make changes to the other investments in your Account to ensure suitability of your overall portfolio. If you nevertheless wish to purchase an investment that your Advisor has determined unsuitable, your Advisor will, on a case by case basis, determine whether to proceed with the transaction. Before accepting an order or recommending a security to you, your Advisor will review each order in the context of the KYC suitability factors described above. Your Advisor will also assess the suitability of the investments in your Account whenever you transfer or deposit securities into the Account, there is a material change to your KYC information, or there is a change in the Advisor responsible for your Account. If your Advisor identifies any concerns during the suitability determination, they will discuss them with you and may be required - pursuant to securities legislation, MFDA IIROC rules or good business practice - to document the discussion. If your Advisor considers a trade request to be unsuitable, they may refuse to execute the trade or advise you against proceeding with the trade. In extreme cases, your Advisor may determine to terminate our advisory relationship. Unless specifically arranged with your Advisor, your Account will not be assessed for suitability in other circumstances, such as during periods of significant market fluctuations. As an exception to the above, ongoing suitability for managed accounts will be provided as part of the managed account services.

Suitability Assessment Process. Through conversations with you and a review of the information provided by you on the Application, your Advisor will gain an understanding of your financial situation and life circumstances. The information you provide is broadly referred to as “Know Your Client” (KYC) information and will be used by your Advisor to determine whether a given investment is suitable for you. You will be provided with a copy of your KYC information at the time of account opening and each time there is a material change to your KYC information. The KYC information and other factors that guide us in our decision as to an investment’s suitability include what we understand to be your current:  ▪ Financial situation - What financial assets (e.g. deposits, investments etc.) and liabilities (e.g. debt, mortgage etc.) you have and the sources and amount of your income. We will consider the size of any transaction compared to the overall value of your net financial assets (assets minus liabilities).  ▪ Investment knowledge - Whether you consider yourself, or we understand you, to be a novice at investing, have some knowledge or feel you understand more complex financial products.  ▪ Investment objectives - What you tell us are your specific financial goals. This will help us determine how to balance the desire to earn income and/or increase your capital through growth in the market value of your holdings/Account.  ▪ Time horizon - When you expect to withdraw a significant amount of your Account. For example, to buy a house or pay for education. In retirement, this may also include consideration of tax requirements to withdraw minimum amounts.  ▪ Risk tolerance - Your willingness and ability to assume risk and incur fluctuations and/or losses in the value of your investments in pursuing your investment goals. For example, an investor with a high risk tolerance has an above average willingness and ability to risk losing money to get potentially better results. In addition, other pieces of financial or personal information will have to be collected, including name, address, telephone number, email address and certain information concerning family, employment and financial status. This information will be used to confirm your identity and determine your investor profile. Our understanding of your profile is critical. Some of the above factors are relatively easily answered by providing a number or simply answering “yes” or “no”. However, some factors are more complex, particularly your risk tolerance. Following this assessment, if an investment is considered to be unsuitable, your Advisor will discuss the situation with you and may recommend that you not proceed to purchase the investment or that you make changes to the other investments in your Account to ensure suitability of your overall portfolio. If you nevertheless wish to purchase an investment that your Advisor has determined unsuitable, your Advisor will, on a case by case basis, determine whether to proceed with the transaction. Before accepting an order or recommending a security to you, your Advisor will review each order in the context of the KYC suitability factors described above. Your Advisor will also assess the suitability of the investments in your Account whenever you transfer or deposit securities into the Account, there is a material change to your KYC information, or there is a change in the Advisor responsible for your Account. If your Advisor identifies any concerns during the suitability determination, they will discuss them with you and may be required - pursuant to securities legislation, MFDA rules or good business practice - to document the discussion. If your Advisor considers a trade request to be unsuitable, they may refuse to execute the trade or advise you against proceeding with the trade. In extreme cases, your Advisor may determine to terminate our advisory relationship. Unless specifically arranged with your Advisor, your Account will not be assessed for suitability in other circumstances, such as during periods of significant market fluctuations.