The move will give consumers more choice when seeking financial advice.
Toronto, March 22, 2024 /CNW/ – in ontario Financial services regulator FSRA has approved the Canadian Financial Planning Institute's (CIFP) Certified Financial Planner® designation as a certification. financial planner Use of titles Ontario.
“Authorizing another credential will provide individuals and families with even more options when seeking the assistance of a qualified financial professional,” said Houston Rourke, executive vice president of market conduct. said. “Consumers also want confidence that the individuals they are dealing with have a minimum level of education, are actively supervised by a recognized credentialing agency, and are subject to a grievance and disciplinary process. to be able to hold something.”
To date, FSRA has approved five certification bodies and 14 credentials as part of the Title Protection Framework. FSRA requires certification bodies such as CIFP to adopt robust oversight processes and codes of conduct that put the interests of their clients first and ensure fair treatment of consumers. An approved credentialing body oversees the conduct of financial planner or financial advisor credential holders.
“This is a positive development as the Chartered Financial Planner® designation will enable more financial planners to meet their holistic financial advice needs. in ontario Consumers said: keith costello, CIFP Representative Director and President. “CIFP applauds FSRA’s continued efforts to ensure consumers across the state have access to sound financial advice.”
For more information about CIFP and the FSRA-accredited Chartered Financial Planner® certification, please visit the CIFP website.
learn more
FSRA will continue to maintain a list of approved certification bodies. Website Assists title users and consumers in identifying credentials that enable use of the Financial Planner and Financial Advisor titles. FSRA also launched a credential checking tool. It is an easy-to-use, one-stop tool for consumers to verify the credentials of anyone who claims to be a financial planner or financial advisor (or similar title). Ontario.
Learn more about FSRA's title protection framework, which includes: Transitional periodPlease come FSRA's Financial Planner and Financial Advisor Industry Page.
FSRA continues to work on behalf of all stakeholders, including consumers, to ensure financial security, fairness, and choice for all.
For more information, please visit www.fsrao.ca.
Media inquiries:
ashley legashic
Senior Media Relations and Digital Officer
financial services regulator
C: 647-719-8426
Email: ashley.legassic@fsrao.ca
Source: Financial Services Regulatory Authority Ontario
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2024/22/c6309.html
