Cryptocurrency Q&A
What is a CRM2 fee?
What is a CRM2 fee?
KatanaSharpness
Wed Sep 04 2024
|
6 answers
1555
Can you explain to me in simple terms what a CRM2 fee is? I've heard it mentioned in relation to investing in cryptocurrency and financial products, but I'm not entirely clear on its significance or purpose. Is it a type of commission or fee charged by a broker or financial advisor? And if so, how does it differ from other types of fees that might be associated with investing? I'm interested in understanding the implications of this fee on my investments and whether it's something I should be aware of when making financial decisions.
6 answers
BonsaiGrace
Fri Sep 06 2024
The primary objective of CRM2 is to enhance transparency in the investment industry by mandating the disclosure of critical information to clients.
Was this helpful?
209
53
Carolina
Fri Sep 06 2024
This includes detailed information on the costs associated with client accounts, as well as their performance over time.
Was this helpful?
262
71
Bianca
Fri Sep 06 2024
By making this information readily available, CRM2 empowers investors to make more informed decisions about their financial portfolios.
Was this helpful?
325
30
CryptoPioneer
Fri Sep 06 2024
CRM2, or Client Relationship Model 2, is a set of regulations designed specifically for investment dealers and advisors operating in Canada.
Was this helpful?
63
94
CryptoWarrior
Fri Sep 06 2024
The regulations also encourage investment dealers and advisors to maintain higher standards of conduct and accountability towards their clients.
Was this helpful?
321
91
Load 5 more related questions
