Do I Need To Add A Customer For Each Investment Client?
To ensure Section K is calculated correctly create a customer record for each depositor in the bank account.
An account is need for each product provider, each platform form service provider and one for each direct paying client.
There is no need to create an account a client where their fees are received from the platform or product provider.
Section K will be only be accurate if the drop-down box settings are set correctly in each customer account and if the appropriate headings are used.
You need to keep a separate record of the number of Investment clients paying for an ongoing service via a product provider or platform.
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