Firms still wrestling with issues such as market value and off book accounts
Fund dealers face a number of decisions
Guidance spells out how integrated dealers should report their compensation to clients
Most advisors say they already have transformed their businesses in anticipation of CRM2, but others say the new regulatory regime is bound to be disruptive
Advisors hope the new CRM2 reporting requirements will end their pervasive - and persistent - dissatisfaction with client account statements
Nevertheless, investors are confused about their investment performance and the fees their advisors and firms charge for investment advice
The new regulatory system will necessitate advisors to follow incredibly detailed requirements
A fresh CRM2 debate has arisen among integrated fund dealers
About half of the advisors who ply their trade with Canada's mutual fund and full-service dealers have a litany of concerns about the challenges that the implementation of CRM2 could mean for their businesses
Parallel orders provide dealers until the end of the year to implement new requirements relating to market value, position cost and account statements