Always required except where client instructs advisor to forego a needs analysis.

Where no analysis was completed, the client must sign the ROA (5): Caveat (no needs analysis) document.

Always required where upfront or ongoing advice is provided.

Always required where a product was recommended.

Always required where variations are made to an existing product.

Always required on the renewal of an existing product.

Always required where a recommended financial product is going to replace an existing financial product.

Appropriate Caveat always required where:

a product is surrendered for cash;

no Needs Analysis was completed;

the client elects not to follow the advisor’s recommendations.