- Home
- Regulations and Industry Governance
Archive for the ‘Regulations and Industry Governance’ Category
CRM2 Update – 2017 Is the Year for Positive Change
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
Fee Disclosure Should Just be the Start Canadian 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 Group...
Making Sense of Your New CRM2 Performance Report
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
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
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
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
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
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...
Regulatory Changes Driving Changes in Custodial Preferences for Affluent Families and Institutions
In our previous article, ‘Keeping Investor Assets Safe: The Custodians Role’, we outlined the importance of having an independent custodian take safekeeping of clients’ investable assets where their portfolios are being managed by...
![What Is the Impact of CRM Phase 2? [Video]](https://www.highviewfin.com/wp-content/uploads/2015/07/What-Is-the-Impact-of-CRM-Phase-2-231x154.png "What Is the Impact of CRM Phase 2? [Video]")
What Is the Impact of CRM Phase 2? [Video]
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...
