More amendments to the way investment dealers and advisers deal with their clients are coming in July and firms are very worried.

The new initiatives — part of the Client Relationship Model — Phase 2, or CRM2, initiative — are meant to show clients how much money in fees they are actually paying on their investments.

Specifically, they will show the annual cost and compensation (in dollars) of all operating, transaction and related charges paid to the dealer. As well, compensation from third parties, including trailer fees and any other types of payments made to the dealer, will be fully disclosed.  Read More…


  1. Hmm, today really with so much competition investment fees are at record lows. One has to look very hard to find some rediculous buzzards.

    But dont get me wrong. There are plenty of ways to lose money, and many who will gladly be willing to make you part with your money. But that being said charges are pretty good these days. I’ve been trading for decades so i’ve seen the trend for lower fees.

  2. Any advice for short sellers?

  3. Nonsense, mutual funds are still has a great trove of quality picks. You just have to make sure you research and understand the fees involved.

  4. Individual stocks on TSX, FTW!

  5. Personally i felt the best way to avoid egregious fees is to go with someone like Questrade.

  6. The best advice i just picked up from this was about not paying attention to target prices. So true. Every time i read WSJ they are talking about some hot shot manager giving his technical analysis and target pricing and ultimiately be proven a fool a month later.

  7. Yes, i am an idiot for falling for 2 of the 5 mentioned in the piece. 🙁

  8. The long standing truism is that people tend to panic too quickly and trade (sell) fast. Just buy and hold and you are fine.

  9. HA! I learned by doing that it was easier (and more fun) to just buy the same stock holdings that were in funds. I figured i’d go with a low cost discount broker and not worry with trailer fees ever again.

  10. I wish the full article would go into more detail not just in avoiding but real life story scenarios that hit home the potential pitfalls as a result and ultimately ways to climb back out of it.

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