| INVESTOR’S SUPPORT If someone struggles to manage their financial challenge, they might seek assistance from a trusted individual to help them make decisions about their finances. This support can be in an advisory role, or they may give permission for one or more trusted parties to act on their behalf. In certain cases, a court may also grant this authority if the individual is unable to do so themselves. Before providing information about a client’s investment or accepting instructions from a third party on their behalf, we must ensure that the third party has the authority to act for the client. Clients can grant this authority in several ways, outlined below: Written Consent: The client can provide a signed document specifying the third party’s authority. Power of Attorney: A formal legal document that allows the third party to act on the client’s behalf in financial or legal matters and must be relevant to the subject matters. Verbal Authorization: In some cases, a client may verbally grant permission, though this is usually less formal. Trust Arrangements: The client may establish a trust that specifies third-party rights to manage assets. Letter of Authority |
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