Canadian Securities Administrators have made changes to the reporting of fees and performance for investment companies and dealers. The regulations are meant to insure that individuals licensed as financial advisers are obligated to inform clients of all fees and potential fees being levied against their investments and also, the actual ongoing performance of the investments being administered by those advisers.

Taayla Mark and her associates at Engrace Financial Solutions are in full support of these changes and are excited with this new era in financial transparency. Engrace Financial Solutions has always been fully committed to proper and ethical disclosure in the financial services industry. We believe these new measures represent a positive attitude towards the disclosure of client fees and costs and the performance of your investments. This knowledge is the right of every client.

Under these new Canadian regulations, the financial organization must process your investment transactions with an accredited dealer (Engrace employs Peak Investment Services). The dealer then processes the transaction on our behalf with the investment company concerned (such as CI Investments, Fidelity, Manulife, TD Investments, RBC, etc).

What are the changes?

Investment Companies and Dealers will:

• provide an annual report on charges and other compensation that shows what the dealer or adviser was paid for the products and services it provided.
• provide an annual investment performance report that covers:

• deposits into, and withdrawals from, the client’s account
• the change in value of the account
• the percentage returns for the previous year and the previous three, five and ten years.

When will the change take effect?

• Beginning July 15, 2016 to July 15, 2017

Any concerns you have with your investments, costs and fees are of utmost concern to the associates of Engrace Financial Solutions. If you have any question or require clarification of these new regulations, please contact Taayla Mark personally at 604.838.2002 or [email protected]