It’s crunch time for adviser fee disclosure

David Reeve, CEO of InvestorCOM, joins BNN to discuss new disclosure rules for investment advisers.

The final date for dealers to provide new investment statements to their clients is July 14, 2017. Known as CRM2 (The Client Relationship Model – Phase 2), he explains to Canadians the purpose of these statements is to provide greater transparency regarding fees associated with mutual funds and other investments. As well, on the performance side, they will now see how well their investments have performed in dollar terms and their percentage rate of return over several time periods.