Canadian financial advisors are closely governed by a high standard of regulation. It’s part of what makes the Canadian financial system one of the most respected in the world. As an investor, it’s important to know how these regulations impact you by providing you with enhanced transparency.
Enhanced disclosure will help you better understand your financial position and the value of the financial advice you receive. These reforms are being phased in over four years, with the final regulations coming into force on July 15, 2016.
When it comes to your finances, it’s important to understand the costs associated with investing. Generally speaking, there are two kinds of costs: embedded costs and those paid directly by the investor.
To learn more about Disclosure and Fees click to read this recent article written by Invesco – Understanding Investment Costs.