Advisors have long complained about their client account statements. But a push to provide clients with comprehensive electronic statements, combined with regulatory changes requiring more information, could be the panacea
Statements fail to deliver value to investors
Dissatisfaction with client account statements
Amendments harmonize delivery requirements
U.S. securities regulators have issued an investor alert encouraging investors to scrutinize their account statements and trade confirmations.
Change would conform with CSA rules and avoid confusion
Videos help people understand their group retirement statements
Nearly half of group plan members do not know what their future retirement income will be
Statements feature dynamic personalized messaging and goal based reporting
Majority of firms, including frontrunner Dynamic, omit clients’ most sought-after piece of information: Rate of return