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www.insideHALTON.com | OAKVILLE BEAVER | Thursday, July 28, 2016 | 20 SALES PERIOD | JULY 28 - AUG 10, 2016 New disclosure regulations for investors a positive move BI TIO SA E PA D T S E GG LE H OF T ON S SEA LL PA ON A NITURE FUR ditions Con pply a A'S TERR Dollars & Sense F R E E RY E E L I V TIO All FOUNTAINS & FIRE BOWLS From $119.99 30% OFF SAVE TUP 0 $1 N ,000 On PA T SEE IN S FOR D TORE ETAIL S Peter Watson Guest Contributor All patio furniture on sale and accessories. Shop now for the best selection! IO SE TS All UMBRELLAS 24" OUTDOOR PILLOWS From $129.99 29 99 SAVE $30 All OUTDOOR REPL REPLACEMENT CUSHIONS From $24.99 30% OFF 10' Cantilever OCTAGON UMBRELLA Reg. $59.99 39999 $200 Reg. $599.99 Choose from red, black, kiwi, sunset orange, aqua and chocolate. SAVE All OUTDOOR RUGS Choose from a variety of colours and styles. From $69.99 30% OFF ALL PATIO FURNITURE COVERS From $49.99 30% OFF 30% OFF OPEN 7 DAYS A WEEK Monday - Saturday 9 am - 6 pm | Sunday 9 am - 5 pm HAMILTON 340 Hwy 20 R.R. 1 East of Upper Centennial (905) 692-6900 | BURLINGTON Hwy 5 East of Brant St. (905) 332-3222 MILTON Britannia Rd. West of Trafalgar (905) 876-4000 | WATERDOWN Hwy 6 & 5th Concession East (905) 689-1999 VAUGHN Keele St. North of Kirby Side Rd. (905) 832-6955 All items while quantities last, subject to availability. Category offers exclude "TERRA Essentials". www.facebook.com/YourTERRA/ www.terragreenhouses.com ew regulations initiated by Canada's Security Regulators went into effect on July 15. Referred to as CRM2, these regulations are the second phase of the Client Relationship Model, intended to give investors increased transparency around fees and performance. Under the new regulations investment rms will now have to provide their clients with two annual statements detailing their investment returns and dollar amounts of charges and fees. Most investors will see the improvements in January 2017 when they receive their 2016 year-end statements. A number of the required improvements relating to disclosure have already been implemented by some investment rms. As of July 15 all rms must provide this information. The performance statement will provide returns for the past year. You will also see an annualized return since your account was started. The goal of investing is to make a pro t. It is only fair that your success at doing so is clearly stated. Understanding your returns will help you evaluate your success. Success has two components. First is your success at achieving your long-term nancial goals. For example, if you need an annualized return of ve per cent in order to meet your long-term objectives, you will now have a clear understanding if that return was achieved. The second component to success that needs to be measured is your investment ability: both yours and your nancial advisor's. Investment returns are most successful when both the nancial advisor and client make the right decisions. The second statement covering costs and compensation will better disclose the investment fees that are paid to your investment rm. At the top of the list is disclosure of trailing commissions paid by mutual fund companies to investment rms. These fees are covered by the management expense ratio investors pay every year they own a mutual fund. Research by the Canadian Securities Administrator revealed most investors were not informed of ongoing trailer fees at the time they purchased a mutual fund. Investors were unaware that these monies were paid to their investment advisor, regardless of whether they were receiving ongoing investment advice. Annual fee based charges that some advisors charge will be shown in a dollar amount even if an investor pays their advisor fee based on a percentage of the assets they manage. Commissions on the purchase of mutual funds will also see Strengths on p.23