The Investment Dealers Association of Canada today released its latest information brochure for investors. “Opening Your Retail Account” explains what personal documents and information are needed to open a retail investment account and why.

“In order to determine if an investment is suitable for a client, a firm needs to have certain information about that client’s situation, objectives, and goals,” says Morag MacGougan, vice president, industry relations and representation. “This concept of ‘Know Your Client’ is at the heart of sound investment practice.”

“Opening Your Retail Accoun”t is the second in a new series of brochures the IDA is developing for retail investors. “A Question & Answer Guide to Bond Investing”, and the companion piece, “An Introduction to Bonds”, were issued in June.

The brochures are available on the IDA website, www.ida.ca, in the Investor’s Corner section.