Evaluating Form CRS Relationship Summary
Evaluating Form CRS Relationship Summary
The Form CRS Relationship Summary is critical to empowering investors under Regulation Best Interest (Reg BI). In this report, we examine Relationship Summaries from firms spanning broker/dealers, RIAs, and dual registrants, to assess the quality of information provided to investors.
What's Inside
What's Inside
- Our analysis of 100 Relationship Summaries, which found that few firms went beyond the minimum requirements
- How, under Reg BI, the Relationship Summary has broader relevance with the Department of Labor’s PTE rule
- Examples of clear, investor-friendly disclosure showing it is achievable to explain the all-in cost for investors