Glossary · Risk and suitability
Suitability is the judgment that a particular strategy is appropriate for a particular client, given their objectives, circumstances, capacity for loss and willingness to bear it.
It is a judgment about a person, recorded at a point in time, and it moves. A suitability record that was accurate at onboarding and never revisited is a description of someone who no longer exists.
The operational requirement is that one system owns the suitability record and every downstream document reads it, rather than each recomputing its own version.
Read more: Risk tolerance is not one question →
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