"Among the Committee's observations ... [1] firms are not permitted to include disclosures in the relationship summary beyond those that are required or permitted by the Form CRS instructions ... [2] firms must summarize the principal fees and costs that retail investors will incur; [3] investment adviser firms that offer wrap fee programs must adequately describe these programs ... and [4] firms must disclose how their professionals are paid and describe potential conflicts related to such compensation in a way that helps investors understand how conflicts may impact a financial advisor's motivation."  MORE >>