Page 2 - Client Relationship Model News Today : Breaking News, Live Updates & Top Stories | Vimarsana

An unprecedented period of CSA policy development and rule implementation is coming to a close. Collectively, the implementation of the client-focused reforms (CFRs), the ban on the payment of upfront sales commissions including deferred sales charges, and the ban on trailing commission payments to order execution only dealers will permanently reshape the advisor-client relationship and how retail mutual funds are distributed in Canada. The industry is now working to implement these changes over the next 15 months. The consultations that led to the adoption of these rules began three and a ha...

Frictionless, relevant disclosure is critical to building trust with clients

Disclosure requirements and regulation of mutual fund costs are powerful tools for regulators. Grant Kennaway, Morningstar Australasia Pty Ltd., and Christina West, Morningstar Research Services LLC Feb 18, 2020 Link Copied Regulation is one of the key drivers of increasingly low mutual fund fees around the world, as identified in the Fees and Expenses chapter of Morningstar’s latest Global Investor Experience Study, or GIE. While other drivers of lower fees include investor awareness, competition, and the growth of passive products, regulation is the most powerful top-down driver that can ...