There’s a paradox about these things sometimes: in trying to do the right thing for investors, regulators impose rules that have the possibility (many possibilities actually) of confusing the people they’re intended to help. With CRM2, firms are trying to figure out how to comply without straining the client relationships they’ve forged over time.
The Investment Industry Association of Canada (IIAC) is rallying to support its members, helping them find a path through all the changes. Blue ID is one of the firms that has invested in providing a solution to the CRM2 challenge. “There’s some grumbling in the industry about CRM2, but it’s actually an opportunity for firms to differentiate”, says Dave Carr-Pries, President of Blue ID. “The regulation applies to everyone, so the field is level. Those who execute well will step ahead of the pack.”
Read more about IIAC’s comments on CRM2: http://bit.ly/1hzShzM