Advisors can build trust with clients by explaining fees
Many investors don't understand what they're paying based on the annual fee reports
IIROC claims firm failed to provide clients with position cost information in quarterly account statements
Aim is to improve CRM2 reporting
The trend toward fee awareness may be contributing to some investors' growing dissatisfaction with their advisors
The self-regulatory organization has published a summary of submissions received in response to its discussion paper
Existing research shows that providing investors with clear and timely information, in a format that’s proven to be effective, can only lead to better outcomes
The CSA is focused on introducing greater investor-protection rules while planning to eliminate some of the unnecessary rules and requirements mutual funds face
Not only does adopting digital tools lead to happier clients, it also results in greater profitability and success for advisors
A BCSC study finds Investors might be learning, but they don’t always seem to know what to do about it