Archive for the ‘CRM2’ Category

CRM2 Update – 2017 Is the Year for Positive Change

By Mark Barnicutt on January 20th, 2017

At last, the year 2017 marks a great step forward for our country with regards to transparency and disclosure in the financial services industry.The long anticipated regulation, that will impact Canadian investors, will be on display in many....

True Portfolio Transparency: The Complete Unbundling of Service Providers and Their Fees

By Mark Barnicutt on December 9th, 2016

Fee Disclosure Should Just be the StartCanadian securities regulators are currently forcing fee transparency for client accounts in the investment industry. This change is known as CRM2 (Client Relationship Model, Phase 2). HighView Financial....

Making Sense of Your New CRM2 Performance Report

By Dan Hallett on September 14th, 2016

On July 15, 2016 the second phase of Client Relationship Management (CRM2) became official. CRM2 is a new set of rules requiring most “financial advisors” to provide two new annual reports to each client – one detailing amounts paid to....

Self-Inflicted Problems: Mutual Fund Industry Has Fought Investor-Friendly Reforms

By Dan Hallett on July 21st, 2016

As seen in the May 2016 edition of Investment Executive.Recently published research on mutual fund commissions' influence on fund flows led by Douglas Cumming, finance professor at the Schulich School of Business at York University in Toronto -....

Mitigating Investment Portfolio Volatility

By Gary Brent on February 26th, 2016

The simple fact is that global markets are volatile. While this is always true, it is particularly pertinent presently, in the aftermath of the 2008-2009 global financial crisis when investors saw serious declines in their portfolios and the....

Mystery Shoppers Reveal Challenges of Comparing Investment Advisor Fees in Ontario

By Mark Barnicutt on September 25th, 2015

A recent article in Investment Executive highlights the results of a mystery shopping exercise wherein investment advisors were secretly evaluated by three securities regulators (OSC, IIROC, and MFDA) in 2014. Unfortunately, the results are in line....

Management Expense Ratio: True Disclosure from CRM Phase 2

By Adam Laird on September 11th, 2015

On July 15th, 2016, CRM Phase 2 will come into effect. Investment advisors and firms will be required to disclose annual reports of charges, compensation and performance. This is a positive change for investors, who are too often left in the dark by....

Canada Is Not Alone in Demanding Investing Transparency: Comparable CRM Global Regulations

By Adam Laird on August 21st, 2015

On July 15th, 2016, CRM Phase 2 will come into effect. Investment advisors and firms will be required to disclose annual reports of charges, compensation and performance. This is a positive change for investors, who are too often left in the dark by....

What Is the Impact of CRM Phase 2? [Video]

By Adam Laird on July 17th, 2015

What Is CRM Phase 2? On July 15th, 2016, investment advisors and firms will be required to disclose an annual report of charges, compensation and performance reports.A client with a portfolio of $1,000,000 will compensate the advisory parties....

The History and Background of CRM Phase 2 [Video]

By Adam Laird on June 11th, 2015

On July 15th, 2016 the Canadian financial advisory community will undergo a drastic change – a change that will shape its revenue model forever. This transformation will be a result of the implementation of the Client Relationship Model (Phase....

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