A Certified Investment Solicitor (CIS) will conduct a Client Suitability Assessment together with the new applicant to determine the investor’s risk profile, investment objective and investment horizon. The CIS will then discuss the suitable ALFM Mutual Fund given your risk profile. After which, the new applicant shall fill out an Account Opening Form which will be provided for by any CIS of BPI Investment Management, Inc., BPI Capital Corp., or BPI Securities Corp.
Alternatively, if you are an existing BPI ExpressOnline user, you can apply online by logging in and going to Investments > Apply Now > Mutual Funds. There you will be asked to update a customer information sheet and take a Client Suitability Assessment, which you will need to submit to any BPI or BPI Family Bank branch.
Upon determining the appropriate risk profile, the CIS will present the ALFM Mutual Funds that are suitable to the risk profile of the investor. Once the risk profile and ALFM Mutual Fund product have been finalized, a debit authority or subscription order will be filled out to indicate the gross amount of investment. The investment amount will be automatically debited from the investor’s settlement account once the NAVps has been electronically computed by the end of the day.
If the applicant is a corporation, partnership or trust, the application must be accompanied by the following documents:
1. A notarized certificate of the incumbent corporate secretary of the applicant attesting to:
a. The approval of the Board of Directors (or equivalent body) of the applicant’s subscription to the Mutual Fund Shares
b. The authority of the signatories designated therein to sign the application and transact for and on behalf of the applicant
c. The percentage of the applicant’s equity held by Filipino citizens.
2. A certified true copy of the SEC Certificate of Registration, the Articles of Incorporation and the By-Laws