Effective June 30th, 2020, an important new regulation known as Regulation Best Interest, or Reg BI, has gone into effect. The purpose of Reg BI is to provide additional transparency to our industry. This results in an increase to the disclosures provided to you. Overall, we think this is a positive change for investors.
This week you will receive a Customer Relationship Summary, or CRS. The CRS is intended to provide that additional transparency: this document gives an overview of our firm’s services, fees and other helpful information. A CRS is required to be delivered prior to any financial transaction with new or existing clients.
This is a comprehensive document, which is why we pushed to update your email addresses last quarter. Please take a few moments to read the CRS. We will happily review this document and discuss any questions now or during our next appointment