(June 2 – 15:15 ET) – The Canadian Association of Insurance and Financial Advisors says it is disappointed that merger discussions with the Canadian Association of Financial Planners have floundered.
“It’s unfortunate for both consumers and our prospective members that we haven’t been able to come together. Government relations and advocacy efforts, along with educational programs for our respective members, could be offered more effectively through a single organization,” said Jim Rogers, CAIFA’s chair, “Naturally, we’re disappointed that this isn’t going to happen at this time.”
“CAIFA’s Board of Directors believed, and continues to believe, that a merger between our two organizations is in the best interests of the majority of all our members. But their Board does not agree and so it is time for us to move on,” continued Rogers.
In lieu of a deal CAIFA says it remains committed to its own strategic plan. It intends to create the “premier association of insurance and financial advisors in Canada”. It says it continues to support the CFP financial planning designation and the CLU insurance designation.
-IE Staff