New Account and Update

Important Information About Procedures for Opening a New Account and Account Information Update

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license, passport or other identifying documents.

In compliance with SEC Rule 17a3, any client account that was opened at Univest Securities has to be updated every three year. When any client receives mailing from our clearing firm, Univest requests the client to confirm the following information for each account registration:

  • Name
  • Address (mailing address and residential address)
  • Telephone number
  • Employment status/occupation
  • Whether the client is an associated person of a broker/dealer
  • Annual income
  • Net worth
  • Investment objectives

If you received such letter and you have questions, please contact your registered representative. If you do not have a representative, you may call Univest Securities at 888-933-6688.