CRM2: Cutting Through the Complexity

Topic: CRM2

Alexandra Jemetz, CIM

October 4, 2016


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CRM2: Cutting Through the Complexity

An introduction to our CRM2 series

Effective July 15, 2016, investment firms in Canada will have to abide by new regulations related to performance and fee disclosures. The new rules are referred to as CRM2 (short for Client Relationship Model, Phase 2) and are intended to provide individual investors with a transparent and standardized method of reporting their investments.

Due to its wide-scale application and the fact that many dealers and investment managers have had to create new systems and reports in order to meet the new rules, CRM2 has garnered much attention. It has certainly been one of the more popular topics in the financial news, and one of particular interest to Rob Carrick, financial writer for the Globe and Mail. In an article published July 15, 2016, Mr. Carrick offers his readers guidance in the form of a Q&A on both fees and performance. We have included a link to this article here, as an introduction to this topic.

Over the coming months, we will be communicating information on CRM2 through a series of letters, blogs and a Special Edition of Nexus Notes.

We are happy that these changes are coming, as we believe they will create a uniform standard to help investors understand their returns and the fees they pay, and will reinforce the value of the services that Nexus provides to our clients.

As always, if at any time you have questions, please do not hesitate to contact your Nexus relationship manager.

Looking for further reading on our CRM2 blogs? Click here to visit our CRM2: Cutting Through the Complexity series. You can also read the full series in our Special Edition of Nexus Notes.

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