What is typically received as part of the initial client engagement?

• A. Welcome Package
• B. Credentialing Process
• C. Setup Confirmation
• D. Compliance Checklist

Answer: (B)

Credentialing at the outset captures the essential step of establishing the client’s identity and risk profile. This process is how the firm verifies who the client is, confirms their credentials or eligibility to engage services, and assesses any AML/KYC risks before proceeding. By securing this verification first, the engagement can move forward with confidence, ensuring that all later activities—such as account setup and ongoing monitoring—are built on a verified, compliant foundation. The other items are typically encountered later in the process: a welcome package generally follows after onboarding terms are set, setup confirmation relates to configuring systems or services, and a compliance checklist is usually used to gather ongoing or supplementary information rather than initiate the relationship.