IFSE offers free course on CRM2

By Andrew Rickard | May 31 2016 10:07AM

The educational arm of the Investment Funds Institute of Canada (IFIC), the IFSE Institute, has created an online course to teach financial advisors about disclosure requirements and the obligations they will have under the second phase of the Client Relationship Model (CRM2).

On May 26, IFSE announced that it would be making its new course available to advisors free of charge. Designed for those working at investment dealers, mutual fund dealers, and exempt market dealers, the course is meant to provide straightforward explanations of key terms. It also reviews sample cost and performance reports.

Key concepts

"It presents advisor-client conversations on key concepts, such as individual versus fund performance measurement, book cost, suitability and cost disclosure," reads the announcement.

IFSE suggests that it will take advisors about one hour to study all of the material. Advisors have one year from enrollment in which to complete the course. IFSE notes that its CRM2 course has qualified for one CE credit from the Financial Planning Standards Council. The CRM2 course is available in French as well Modèle de relation client-conseiller – Phase 2 (MRCC2).