The Canadian Securities Administrators (CSA) has released four animated videos on YouTube that aim to explain to investors the basics of certain aspects of the client relationship model, Phase 2 (CRM2) reforms, such as relationship disclosure, costs and account performance.
“It’s important investors understand these new requirements under CRM2,” says Louis Morisset, chairman of the CSA and president and CEO of the Autorité des marchés financiers, in a statement. “CRM2 will improve client/advisor relationships through increased transparency on investment costs and performance, leading to better, more informed investment decisions. These videos present some of the basics of CRM2 in a straightforward and accessible manner, which should help build much-needed awareness.”
The Canadian Foundation for Advancement of Investor Rights (FAIR Canada) produced its own series of more in-depth CRM2 videos earlier this year. They examine issues such as accounting for trailing commissions and deferred sales charges, calculating benchmarks, and understanding money-weighted returns and time-weighted returns.
Photo copyright: CSA