Should you manage your client's estate?

Should you manage your client's estate?

4 Comments
  • Brian D 2014-02-10 12:23:06 PM
    IIROC Dealer Member Rule 43 (See IIROC Notice 13-0162) will restrict most instances where an advisor would act as an executor for a client.
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  • Bob Thompson 2014-02-10 12:26:52 PM
    Most firms prohibit their advisors from taking on the role of executor except for family and due to potential conflicts of interest that is the best course for any advisor. There are professional executors available
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  • Myron Neufeld 2014-02-10 4:45:22 PM
    Our experience suggests advisors are taking on the role...our advice: 1) ensure an 'estate specific' investment plan is completed; 2) limit exposure to conflict of interest by having another party manage assets; 3) know and understand that as the personal representative of the estate your liabilities extend well beyond investments so protect yourself accordingly.
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