The new regulatory regime requiring full disclosure of costa and performance to investors is a game-changing shift.
The new rules, known as Phase 2 of the client relationship model (CRM2), have been years in the making.
Still, many in the investment industry have yet to fully embrace their spirit. But the changes are here to stay and, indeed, reflect global trends.
As many successful financial advisors assert, CRM2 is not likely to create difficulties for advisors who already have fully transparent relationships with their clients. In fact it may present opportunities.
We hope you find this supplement both a handy reference to the nuts and bolts of CRM2 and a guide to new developments in the years ahead.
For more insight on CRM2, visit our two special features: A closer look at CRM and CRM2, and Navigating CRM2.
© Investment Executive 2014