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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 Advisors
Visit our Website: https://www.mwadvisors.ca/
Podcast YouTube Channel: https://www.youtube.com/@MillennialMoneyCanadaPodcast
Follow Guillaume on Social Media
Guillaume’s Instagram: https://www.instagram.com/financialplannergui/
Guillaume LinkedIn: https://www.linkedin.com/in/guillaume-girard-cfa-cfp-08487170/
Follow Sam on Social Media
Sam’s TikTok: https://www.tiktok.com/@millennialmoneycanada?lang=en
Sam’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
View all episodes
By Guillaume Girard & Sam LichtmanSummary
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 Advisors
Visit our Website: https://www.mwadvisors.ca/
Podcast YouTube Channel: https://www.youtube.com/@MillennialMoneyCanadaPodcast
Follow Guillaume on Social Media
Guillaume’s Instagram: https://www.instagram.com/financialplannergui/
Guillaume LinkedIn: https://www.linkedin.com/in/guillaume-girard-cfa-cfp-08487170/
Follow Sam on Social Media
Sam’s TikTok: https://www.tiktok.com/@millennialmoneycanada?lang=en
Sam’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