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CRM Reporting Roundtable: The Devil is in the Details

Time:   8:30 – 9:00 a.m.     Registration & Breakfast
            9:00 – 10:30 a.m.   Presentation

The fourth and final part of the CSA’s Client Relationship Model (CRM), published in late March 2013:

• Mandates performance reporting;
• Expands cost disclosures; and
• Introduces new confirmation and statement requirements.

The objective of CRM is to ensure clients get “clear and complete” disclosure of compensation paid directly and indirectly for investment products and services as well as “meaningful” reporting on how their investments perform.  IIROC’s rule, introduced in 2013 but held in abeyance pending finalization of the CSA equivalent, is being amended to substantially match the CSA requirements.

Implementation deadline?  You may be late already.  Transition began three months ago and extends to less than three years away.  This major cross-financial-industry effort will mean significant changes for member firms, advisors and their clients. 

Continuing the IIAC’s and its committees’ efforts to bring members a variety of tools (e.g., Industry Asset Classification Schema and Industry Adjusted Cost Base (Book Cost) Matrix), and discussion opportunities to help achieve consistent understandable reporting, the IIAC is pleased to announce a Broadridge-hosted Industry A.M.  Participants in this roundtable will receive:

1. The latest on CRM2 reporting requirements and implementation timeline
2. A presentation on the key issues of concern in each required report
3. An opportunity to discuss and provide feedback on draft “Annual Report on Charges and Other Compensation” and “Investment Performance Report” mapping tools.

Click here to register.