Understanding Advisor Certifications and Designations
In Canada there are tens of thousands of people calling themselves Advisors, Planners, Coaches, etc. and how do you know if they are qualified to help you manage your savings and investments? They all have business cards with a bunch of letters after their name. What do all of those letters mean? Are they even real? (Click orange tabs)
The Investment Industry Regulatory Organization of Canada (IIROC) has created an easy to use directory to help you understand which Advisors are qualified and which are not!
The online IIROC Glossary of Financial Certifications aims to make it easier for you to find information about 42 commonly-used certifications and designations, such as the CFP, CPA, and CIM.
This should be one of the first places you go before you hire a new Advisor and hand over your savings - Find out what all of those business card letters really mean.
Visit their directory by clicking on this heading - Understanding Financial Certifications
Links to investment and financial planning organizations
Below are links to the websites for the most widely recognized organizations that oversee advisors - their education, certification and conduct.
- Certified Financial Planner (CFPs)
- Registered Financial Planners (RFPs)
- Canadian Securities Institute (CSI)
- National Registration Search (NRS)
- Ontario Securities Commission (OSC)
- Mutual Fund Dealers Association of Canada (MFDA)