CRM2: New annual account statements coming

New annual account statements coming

Here’s what the new documents will look like


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 »