CRM 2 will empower clients, but will it empower Advisors?

The Client Relationship Model Stage 2 (CRM2) model will change the way clients view the service their financial advisors provide. It will empower the clients to asses the relationship with their advisor and how they are progressing towards reaching their investment goals.

The CRM 2 bill is generating a fair bit of uncertainty and fear within the advisor community. Some feel the transparency is good for everyone, while others would disagree. Some see it as an opportunity, while others will see it as a major challenge.

We’d like to know what you think. What will CRM2 mean to you? Will the CRM2 empower Advisors, and if so, how? Share your comments and insights below.