How often should a UITF investor's CSA score be updated?

The CSA (Client Suitability Assessment) score for a UITF investor should generally be updated every 5 years. This timeframe is essential because it takes into consideration changes in an investor's financial situation, investment objectives, risk appetite, and market conditions. Regularly updating the CSA score ensures that a financial advisor or fund manager has the most current information and can recommend suitable investment options that align with the client's needs and changes in their circumstances.

It's also important to maintain responsiveness to any significant changes in the investor's life, such as major financial events, new financial goals, or changes in economic conditions. This helps build a comprehensive investment strategy that is both appropriate and effective over time. While annual reviews may be prudent for certain investors or circumstances, a 5-year update is the standard for ensuring that the investment strategy remains relevant and aligned with the investor's profile.