With many financial products not subject to CRM2, some experts say the new rules may be extended
Sort out the difference between Fund Facts and CRM2
Investor advocates call for changes
Advisors should be looking to start in depth conversations about their practices with clients
Panelists discuss CRM2 requirements along with other potential changes at Toronto event
One of the benefits of CRM2 is that it puts a visible, understandable price tag on the value of advice
The goal is to encourage investor confidence
Regulators disagree over the approach to reporting certain off-book positions to clients
FAIR Canada comments on MFDA’s CRM2 amendments
In this week’s Gaining Altitude, Dan Richards, CEO, Client Insights, says CRM2 will have clients increasingly focus on what they pay for the advice they receive. He outlines how advisors can communicate their value by focusing on specific outcomes.