Although there are concerns, the FPSC, the CIFPS, the IIAC and FAIR Canada are in favour of the recommendation to regulate financial planning
New report also recommends a simplified approach to dealing with consumer complaints and a consumer-friendly process for recovering losses
The better you know your clients, the more prepared you’ll be for unplanned decisions
Only regulating the title “financial planner” still leaves consumers at risk
Eight team of college students participated in the eastern challenge while a team from Northern Alberta Institute of Technology won first place in the western challenge
An imperfect start to financial planning regulation is better than none
Winners will be recognized at the annual CIFPs conference
The discovery process never ends as changes occur in clients’ lives
Jim Ruta, president, AdvisorCraft Media and Consulting, explains that success is not dependent on rate of return, but rather on the basic steps of sound financial planning. He gives the “world’s shortest financial lesson” in three simple steps.
Financial advisors should have a regulatory structure similar to those of lawyers, accountants, dentists and other professionals