Mackenzie Insight

Abstract Blue Pattern

Enhanced Account Reporting, Better Investment Decisions

Investors will receive enhanced reporting for their portfolios beginning in the 2017 RRSP season. Under new regulatory disclosure requirements, many investors will see two new pieces of information in their account statements:

  1. Annual charges and compensation report
  2. Investment performance report

The annual charges and compensation report will itemize details about the money received by the investment dealer to provide services to you over the past year. Some of this money is paid as compensation to your financial advisor.

The investment performance report will provide your personal rate of return as a percentage. It will also include other information such as opening market values, deposits and withdrawals.

The new disclosure requirements apply to all securities, including mutual funds. They also apply to all dealers and portfolio managers registered with any securities commission in Canada.

The goal is to make it easier for Canadians to understand how their portfolios are performing and how much their investments cost. For advisors, the new reporting is an opportunity to reiterate the value of their professional financial advice for clients. As a result, you will be able to make more informed decisions as to how you work with your advisor.

Review your account statements with your advisor so that you understand the new reporting.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.