Client Relationship Management (CRM2) – New Reports in 2017




New Reporting Brings Greater Transparency

To help you better understand how your investments are performing and how much they cost, the Canadian Securities Administrators introduced requirements for a year-end account report which will add clarity to the existing reporting on your account.

Here’s what to expect

Starting in January 2017 you will receive a new, year-end account report for each investment account you hold. The new report includes a detailed view of the performance of your account and your advisor firm’s fees associated with it.

Performance reporting

On the new report you will see an individual, or money-weighted, rate of return for each account. The money-weighted rate of return considers not just the performance of the investments you hold in the account, but also the size of any deposits or withdrawals. It is unique to your account and can be a useful tool to help you determine if you are on track to meet your goals.

Fee reporting

Additional detail will provide you with clarity regarding the fees your advisor’s firm receives in connection with your account. The fees themselves are not changing—it is only the amount of detail you will see which is new.

For more information about CRM2, click here for Investor Guide and click here to read “Learning About the Costs of Investment Performance” article published in Sage Magazine for Federal Retirees.

Click here for Ottawa Citizen’s “New reporting rules may spark investors to reconsider their investments.”  

January 13, 2017

February 14, 2017

To review your New Reports with a Tradex advisor