The Financial Planners Standards Council (FPSC) sets, enforces and promotes the Certified Financial Planner requirements as well as the highest competency and ethical standards in financial planning as defined by individuals who have earned the Certified Financial Planner® (CFP®) credential.
The Certified Financial Planner of Canada (CFP) credential assures that the planner adheres to internationally recognized professional standards of competence and ethical practice as set in Canada by the FPSC.
In Quebec however, the regulation governing the offering of financial planning services is Bill 188. Currently, all those offering financial planning services in Quebec are legally obligated to abide by Bill 188.
All individuals holding out as financial planners in Quebec or servicing Quebec residents must be authorized to do so by the Autorité des marchés financiers (AMF). They must only use the title Financial Planner F.Pl. in English or Planificateur financier Pl.Fin. in French.
Certified Financial Planner Standards
The Canadian Financial Planners Standards Council (FPSC) and its Certified Financial Planner of Canada (CFP) requirements and credential have their equivalents in Québec.
To be able to sell financial products and services to Quebec consumers and provide them with advice, the financial planners must hold a right to practice called a certificate issued by the Autorité des marchés financiers (AMF).
Personal financial planning programs are offered by certain Quebec universities and by the Institute of Canadian Bankers (ICB). The IQPF Professional Training Course is the final stage of studies before the IQPF exam, the last step in the certification process.
Once graduated, financial planners can access the IQPF’s professional development activities to further their skills and keep their knowledge up to date.
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