Not sure how to fill out the risk portion of a Know Your Client form?

Since its release in January of this year, Compliance Net has demonstrated itself to be a big step forward in risk assessment for mutual fund and investment dealers. So much so, PureLogix Corp. decided to ‘retrofit’ stand-alone units of OASIS with some of the risk assessment technology developed for Compliance Net.

A new risk assessment section has recently been added to single client statement of holdings in OASIS. To bring this special statement up, advisors must select ‘statement by client’ and view a single client plan.

In this new section, the 3 year annualized standard deviation of each security is calculated on demand using daily historical pricing. Calculated standard deviation is then compared to the standard deviation risk categories set by IFIC to determine whether a security should be considered low, medium or high risk.

All securities in a client plan are sorted by risk category, and each of the three risk categories are totaled for the advisors’ convenience. As a final risk check OASIS also calculates the annualized 3 year risk of the entire plan.

With this new addition to OASIS, filling out or updating the risk section of a client’s Know Your Client form has never been easier or more accurate.