CASS

CASS, or the Client Acceptance and Suitability System, is a process financial institutions use to assess if a potential client is appropriate for their services. It involves evaluating factors such as the client’s financial situation, investment goals, risk tolerance, and overall suitability. The goal is to ensure that the products and strategies offered align with the client’s needs and to comply with regulatory requirements. Essentially, CASS helps institutions make informed decisions to protect both the client and the firm, promoting responsible and tailored financial advice.