Fee disclosure rules aren’t making a difference
Investors must be sure to ask advisors pointed questions
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Investors must be sure to ask advisors pointed questions
Effective July 2016, ongoing regulatory initiatives known as the Client Relationship Model-Phase 2 (or CRM2) will legally require all advisors to provide reports detailing account performance and all fees and other charges (including embedded commissions). But in the meantime, it still clearly pays to ask lots of questions.
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