Changes Coming in 2017

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In previous newsletters and communications we have discussed upcoming regulatory changes (CRM2).  These are coming into effect on the statements you will receive in January.  The new information provided on your accounts continues the evolution of our practice and further enhances our relationship based on the following initiatives:

  • Transparency
  • Clarity
  • Better informed investors

The first update will be the “Annual Charges and Commissions for this Account” box.   In the past we have discussed your investment fees as a percentage of assets.  The new report takes this a step further and translates it to dollar amounts. 


We have updated our website with a video, Understanding Investments Costs – a Primer for Investors.  It is posted right on our main page and is a great video that explains advisor commissions and how it relates to your investments. 


The second update to the reports is a box for Annual Account Performance.  This box will now have a money weighted rate of return for 1,3,5 and 10 years.