Source of wealth means the origin of the customer’s total wealth, for example inheritance or savings.
Source of wealth means the origin of a customer’s entire body of wealth and includes the total assets of the customer;
Source of wealth means the way (or ways) in which the applicant accumulated the money being used to pay the premium. Please note:
Examples of Source of wealth in a sentence
Source of wealth needs to describe the activities which have generated the total net worth of the settlor(s) over their lifetime both within and outside of the business relationship being established with Nedgroup Trust.
More Definitions of Source of wealth
Source of wealth means the activities that have generated the total net worth of the client that is, the activities that produced the client’s funds and property (for example inheritance or savings).
Source of wealth means the way (or ways) in which the Applicant accumulated their wealth.
Source of wealth. (SOW) means the manner in which the applicant’s overall wealth has been accumulated:
Source of wealth means the way (or ways) in which the Applicant/Settlor accumulated the money being used to pay the premium. We need to understand how the Applicant/Settlor has accumulated the monies to be used as the premium. We require documentary evidence of source of wealth when the cumulative premium amount (across all client policies) is equal to or exceeds £1 million or £50,000 a year. We may sometimes ask for documentary evidence of the source of wealth for cases below these amounts.
Source of wealth means the activities that have generated the total net worth of the client such as, for instance, the activities that produced the client’s funds and property. These may, for instance, be derived from an inheritance or savings.
Source of wealth means, in respect of DPIPs and FPPOs, the activities that have generated the total net worth of the Client (for example, inheritance or savings).
Source of wealth refers to the means by which a customer acquires his wealth (e.g. through a business or an inheritance); and