• Disclosure Document Delivery/Form CRS

    Purpose: Best Interest Checklist and Disclosure Document Delivery – Determine if delivery of Form CRS is required, document delivery of Form CRS in addition to enhanced due diligence requirements. Additional document delivery of Form ADV Part 2B (supplement), Form ADV Part 2A OR appropriate Wrap Brochure. 
  • What kind of account is being opened?*
  • Are there additional Advisor/Reps?*
  • Are there additional Reps?
  • Are there additional Advisors?*
  • Are there additional Reps?
  • Are there additional Advisors?*
  • Are there additional Reps?

  • Regulation Best Interest defines a "retail investor" as "a natural person or legal represenative of such natural person, who seeks to receive or receives services primarily for personal, family, or household purposes." 

    • All natural persons, regardless of network or sophistication, are included in the definition of "retail investor."
    • Includes "existing" retail clients and "prospective" retail clients.
    • Exludes institutional investors.
  • Is this a Retail Investor (per Reg BI)?*
  • Identify if the Investor is a Prospect, New Client or a Existing Client.*
  • Is this an IRA Transfer or Rollover?*

  • I understand when considering a recommendation, I will be required to:

    a. Discuss the account type(s) that I offer and address any investor questions regarding the differences.
    b. Discuss any limitations I have in offering account/product types available thru LFF and/or LFAS.
    c. Only recommend those account types that are in the investor's best interest.
    d. Acknowledge to the investor when certain account types are not in their best interest.
    e. Identify and disclose perceived conflicts of interest to the investor.
    f. Identify and disclose all investment costs and ensure they are reasonable
    g. Disclose any personal conflicts of interest relating to any recommendations made

  • Acknowledge the above:*

  • I understand for complex Account/Product/Rollover recommendations- additional documentation is required, for example:
    a. 1106C Margin COB Application
    b. 1112CF Option Agreement
    c. LFF189 Transfer/Rollover Due Diligence
    d. LFF188 Annuity Purchase Disclosure
    e. LFF166 MF Share Class-Breakpoint Disclosure
    f. 1529 529 Disclosuree
    g. LFF Exchange Traded Products Risk Disclosuree

  • Acknowledge the above:*
  • Will the client participate in a LFAS wrap program?*
  • Is the client requesting a Securities Backed Line of Credit?*
  • Is the client purchasing a Category 2 (as classified by Raymond James) Exchange Traded Product (“ETP”) ?*
  • Is the client purchasing a Category 2C Exchange Traded Product (Cryptocurrency ETP)?*
  • Will client assets be managed by LFCM?*
  • If LFCM managed, will client be investing in the Crypto Completion Portfolio?*
  • Will the client be participating in a subadvised Fixed Income portfolio?*
  • If yes, which subadvisor?*
  • Document delivery method*
  • Identify the Date you delivered the Form CRS and Disclosure Documents to the investor*
     - -

  • If you are choosing to mail or hand deliver the Document Disclosures, the required documents will be emailed to you.

  • With my submission of this document to Level Four, I certify that my responses to the questions are complete and accurate to the best of my knowledge. By typing my name and the date below, I attest that I have read and personally answered each of the questions.

  • Date Completed*
     - -

  • Disclosure Delivery Obligations

  • Form ADV Part 2B supplement

  • Should be Empty: