Question 9 You use a financial planning professional to manage your investment portfolio on your behalf. What are the independence and compliance implications of this arrangement? Your financial planner has external access to KICS so is responsible for ensuring you remain both compliant and independent. You must ask your financial planner not to tell you where they invest your funds so that you do not need to report the investments in KICS. You are personally responsible for ensuring that your financial planner manages your investment portfolio in accordance with KPMG's independence rules and policies as they apply to you. You do not need to report the investments made by your financial planner as you did not make the investment decisions.
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Firstly, your financial planner has external access to KICs (KPMG's Independence Compliance System) and is responsible for ensuring that you remain both compliant and independent. This means that your financial planner must follow KPMG's independence rules and Show more…
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