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When Should You Review and Update Your KYC Information?

Learn when and why it is important to update your Know Your Client (KYC) information, ensuring your portfolio remains aligned with your evolving life, goals, and financial comfort.

At Optimize, we believe that your investment plan should evolve as your life does. That is why your Know Your Client (KYC) information is not a static document. It is a living, breathing part of your relationship with us, helping ensure that your portfolio continues to reflect your needs, your comfort with risk, and your financial goals as they change over time.

While we review your KYC regularly as part of our planning process, there are also important moments when you should proactively revisit and update your information.

Key Life Events That Should Trigger a KYC Review

1. Retirement or Transition to Income Withdrawal
When you move from the accumulation phase to withdrawing income, your goals, time horizon, and risk comfort often shift significantly.

2. Career Changes or Business Sales
Major changes to your income, employment status, or the sale of a business can dramatically alter your financial situation, impacting how your portfolio should be structured.

3. Significant Inheritance or Windfalls
Receiving an inheritance, settlement, or other financial windfall introduces new planning needs and may change your asset allocation, liquidity preferences, or risk comfort.

4. Family Changes—Marriage, Divorce, Birth of a Child
Life events like marriage, divorce, or welcoming a new family member bring new priorities and financial responsibilities, often requiring adjustments to your portfolio and plan.

5. Health Changes or Lifestyle Shifts
Changes in your health, longevity expectations, or lifestyle priorities may affect your liquidity needs, risk comfort, or investment objectives.

6. Estate Planning Updates
Revisiting your estate plan, updating beneficiaries, or creating trusts are natural times to revisit your KYC to ensure alignment across your financial plan and portfolio.

Why Timely KYC Updates Matter

Updating your KYC ensures that:

  • Your portfolio continues to reflect your goals, your comfort with risk, and your time horizon.

  • We avoid making recommendations based on outdated information that no longer fits your financial reality.

  • Your plan remains responsive to the life transitions that matter most to you and your family.

How Optimize Supports You in Keeping Your KYC Current

At Optimize, we review your KYC regularly during portfolio reviews and planning conversations. We also encourage open communication when your life changes, so we can adjust your portfolio and financial plan proactively.

You do not need to wait for your next scheduled review—if something changes, reach out. We are here to ensure that your investments continue to work in service of your evolving life and goals, with clarity and discipline.