CRS
Now that Form CRS is required, a version of BICE would be very helpful. Since it is not account specific, but instead client specific, having a section on the main page of the contact record listing when it was sent and/or signed and next "review" date would be extremely helpful (especially if it were to automatically pull from Lincoln for example).
-
An alternate suggestion would be to add a field under the Know Your Client section, beneath "Last ADV Offering".
-
Sandra commented
I completely agree with Robin. Adding it to the specific account might fit in some practices, but clearly not all. Having an additional spot under the contact details would be useful.
-
robin koller commented
in regards to the following being inside the accts info::
Best Interest Dates
CRS Date Sent
CRS Date SignedI questioned our Broker Dealer if we only had to leave these forms when business was written. My reply back from the BD was :: Please see below for what is required. Please let me know if you have any additional questions.
1) The advisor is required to keep track of when they provide the form CRS to clients and prospects alike.
2) This requirement is for any registered rep productWe are only required to leave one per client no matter how many accounts we write and if we write no business then there is no acct to add but the only place to add the date for the CRS Form is inside the account info.
Is there another place this could be added?
My suggestion would be in the Contact Details by the Sevicing Advisor or Writing Advisor ... maybe?