As part of Investor Education Month, the Canadian Securities Administrators (CSA) is promoting four videos about recent changes to the ways registered investment advisors must report to clients the costs, performance, and value of their investments.
The changes to reporting requirements are part of the Client Relationship Model 2 (CRM2) initiative. Under CRM2, investment advisors must provide clients with:
- enhanced relationship disclosure information
- pre-trade disclosure of adviser fees and other charges
- expanded account statements
- annual reports on investment performance
- annual reports on charges and compensation
Each video provides a brief overview of a new change and includes tips for investors to consider when speaking with an advisor. These range from knowing the fees you pay to buy or sell an investment to what to expect from an advisor.
The CSA is the council of Canadian provincial and territorial securities regulators. For more information, visit securities-administrators.ca.
If you have any concerns about a person or company offering an investment opportunity, please contact BCSC Inquiries at 604-899-6854 or 1-800-373-6393 or through e-mail at [email protected]. You can also file a complaint or submit a tip anonymously using BCSC’s online complaint form.
InvestRight.org is the British Columbia Securities Commission’s investor education website.
In May, the BC Securities Commission (BCSC) issued one notice of hearing and the Investment Industry Regulatory Organization of Canada (IIROC) released two penalty decisions relating to BC residents. The Mutual Fund Dealers Association (MFDA) did not release any decisions or settlement agreements during May relating to BC residents. You can find a summary of […]
Recently, I have noticed a lot of discussion around children, money, and allowances. Dianne Nice and Sonali Verma wrote a couple of interesting articles in the Globe and Mail on the subject, and the Suddenly Frugal Blog discusses kids and money in the context of a recent TD Bank survey. It could be because April […]