Preparation is still the best way to avoid hearing from obsi
The new cost and performance reports mark a fundamental shift
By yearend, firms must report market value, position cost and DSCs
At the midpoint of the three-year CRM2 project, the most challenging reforms are yet to come
Firms can use the new CRM2 requirements to connect more fully with their clients
Firms still wrestling with issues such as market value and off book accounts
Fund dealers face a number of decisions
Guidance spells out how integrated dealers should report their compensation to clients
Most advisors say they already have transformed their businesses in anticipation of CRM2, but others say the new regulatory regime is bound to be disruptive
Advisors hope the new CRM2 reporting requirements will end their pervasive - and persistent - dissatisfaction with client account statements