CRM2: New annual account statements coming

New annual account statements coming

Here’s what the new documents will look like

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The Canadian Securities Administrators (CSA) is phasing in new rules regarding how your adviser communicates fund and compensation details with you. Under the  Client Relationship Model Phase 2 (CRM2), advisers will have to provide annual cost and performance reports starting July 15, 2016.

We’ve highlighted some of the key features in red for each of the example annual reports:

And for a virtual tour of the new Fund Facts document that advisers must provide within two days of purchase of a security, visit Get Smarter About Money.

READ: New transparency rules for financial advisers coming »