CRM2: four characters that, even at this late date, strike fear into the hearts of compliance officers.
Over the last eight years, U.K. advisors have dealt with qualification and fee-transparency reforms.
My inbox is bombarded almost daily with the latest report or white paper on such-and-such industry topic. I can’t read them all, but I always make time for reports on fees and the great battle between active managers and the index. What’s caught my eye—and ire—is that some data providers present active manager performance reports […]
To help dealers ensure they’re compliant, IFIC has released a summary of what regulators are looking for, both in terms of actual requirements and recommended practices.
The comment period will be open for 60 days.
01 CSA publishes more research on mutual fund fees On October 22, CSA published new, independent research on how commissions affect mutual fund sales. The research follows a CSA literature review published in June. The research finds that positive past performance drives mutual fund flows; however, past performance affects flows differently, depending on fee structure: […]
MFDA gets top marks for CRM2 explainer
The OSC’s annual summary report for dealers, advisors and fund managers outlines the commission’s latest regulatory and compliance efforts.
Firms have been slow or ineffective in ensuring advisors are explaining fees and performance to their clients, missing a critical opportunity to build loyalty. Read more.
As the industry continues to implement CRM2, IFIC busts seven common misconceptions that advisors, and clients, have about the new reporting standards.