If CRM2 is to be a game-changer for investors, it must not be diluted by the artful use of spin or information overload
The implications for advisors and investors must both be evaluated
Fee disclosure and the new "pay for performance" mentality will likely lead to abandonment of the typical 60/40 asset mix
Certain words make clients suspicious
IIROC releases FAQ document on first phase of CRM2 reforms
Clearing the way for clients
Everyone, from client-facing advisors to ceos, needs to get the necessary training to be ready for CRM2
Organizational change isn't easy. But CRM2, in particular, requires an approach that is seamless
The new rules require a lot of number crunching and record-keeping. A variety of digital tools are now available
Many firms are developing guidelines and forms for advisors to talk to clients about the costs OF their investments