Performance Reporting & Cost Disclosure
The investment funds industry supports recent regulatory initiatives that provide investors with important information before and after they purchase their investments.
Now that CRM2 is fully implemented, investors know, in dollar amounts, all of the costs associated with their accounts. On the performance side, they see how well their investments have performed in dollar terms and their percentage rate of return over several time periods.
CRM2 is expected to strengthen investors’ understanding of their investments and their confidence to make sound decisions.
IFIC is encouraging its members, and the industry generally, to adopt consistent investor-friendly language in their all their materials. IFIC has created an inventory of plain language materials that can be shared broadly to help advisors inform their clients.
We continue to work closely with our members and regulators on all aspects of implementation.