DA-1.3.3
At the time of on boarding
(a) explain the scope of the advice (i.e. what advice is being offered, any restrictions or limitations, and any relevant matters not forming part of the advice);
(b) actively demonstrate to the clients that the advice they are seeking is within the scope of what is being offered;
(c) explain the methodological approaches to the strategy and the algorithms underlying it;
(d) inform clients if the licensee believes that the digital financial advice is not appropriate to him based on the understanding of the client profile and objectives;
(e) inform the clients on the likely benefits and risk resulting from the digital financial advice ; and
(f) ensure that the client understands that any performance numbers presented are hypothetical projections of return and that actual performance of the portfolio may vary from initial projections.
Added: April 2019