Ep.030: CRM 3 Is About to Change Everything: The Fee Shock No One Is Ready For

Summary

In this episode, Guillaume and Sam discuss the upcoming changes to fee disclosure under CRM3, which will significantly impact how Canadians view their investment fees. They explore the implications of these changes, the importance of transparency in building trust between clients and advisors, and the potential for clients to question the value they receive for the fees they pay. The conversation also touches on the role of segregated funds, the future of financial advisory services, and the importance of understanding investment philosophy for peace of mind.

Topics Covered in this Episode

00:00 Introduction to CRM3 and Its Importance

02:01 Understanding Fee Disclosure Changes

07:05 The Impact of CRM3 on Investors

12:45 Transparency and Trust in Financial Advisory

16:21 Segregated Funds and Their Reporting

22:06 Evaluating Fees and Value in Financial Services

30:59 The Future of Financial Planning

34:00 Understanding Fees and Value in Investments

39:11 The Importance of Trust in Financial Advisory

50:39 Investment Philosophy and Client Peace of Mind

Millen Wealth AdvisorsVisit our Website: https://www.mwadvisors.ca/Podcast YouTube Channel: https://www.youtube.com/@MillennialMoneyCanadaPodcast

Follow Guillaume on Social MediaGuillaume’s Instagram: https://www.instagram.com/financialplannergui/Guillaume LinkedIn: https://www.linkedin.com/in/guillaume-girard-cfa-cfp-08487170/

Follow Sam on Social MediaSam’s TikTok: https://www.tiktok.com/@millennialmoneycanada?lang=enSam’s LinkedIn: https://www.linkedin.com/in/sam-lichtman/

Keywords

CRM3, fee disclosure, financial planning, investment fees, transparency, trust, financial advisors, segregated funds, client awareness, investment philosophy

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