The anticipation of regulatory changes that are coming to the investment community in July, 2016, has already created several myths that need to be debunked. These changes – known as the second phase of the client relationship model, or CRM2 – will provide investors with greater transparency in the fees they pay for financial advice.
But regulatory changes can be confusing for the average investor. In order to help increase public awareness, the Investment Funds Institute of Canada (IFIC), compiled a list of frequent factual errors observed around the timing and content of the new reporting requirements.
Here are the top six…
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