FPStandard FaLL 2015

ISSUE 12

I D E A S T H O U G H T S A N D T R E N D S I N T H E F I N A N C I A L P L A N N I N G P R O F E S S I O N

p 1

FpSC.Ca

On My Mind:Obligations of a Professional

p 2

Taking a Stand for Ontarians

p 8

Financial Planning week 2015

p 11

Launch of FPSCConsumer website

FPSC Launches New Consumer WebsiteFinancialPlanningforCanadians.ca

902-375 University Avenue Toronto, Ontario M5G 2J5

Telephone: 416 593 8587 Toll-Free: 1 800 305 9886

Email: inform@fpsc.ca Website: fpsc.ca

Twitter: @FPSC_Canada

Facebook: FPSC.Canada

LinkedIn: company/Financial-Planning-Standards-Council

YouTube: FPVision2020

CFP®, Certified finanCial Planner® and are certification trademarks owned outside the U.S. by Financial Planning Standards Board Ltd. (FPSB). Financial Planning Standards Council is the marks licensing authority for the CFP marks in Canada, through agreement with FPSB. All other ® are registered trademarks of FPSC, unless indicated. © 2015 Financial Planning Standards Council. All rights reserved.

FINANCIAL PLANNING STANDArDS COUNCIL ENGAGED THE STrATEGIC COUNCIL TO CONDUCT THE FIFTH wAVE OF rESEArCH PErTAINING TO AwArENESS AND PErCEPTIONS OF THE CFP MArkS IN CANADA. 806 CONSUMEr PANEL MEMBErS PArTICIPATED IN THE TEN-MINUTE ONLINE STUDY.

91

37

60

1 in 2%

%

%

OF CONSUMErS USING CFP PrOFESSIONALS BELIEVE THAT THEIr PLANNEr HAS MET Or ExCEEDED THEIr ExPECTATIONS.

OF CONSUMErS USE CFP PrOFESSIONALS FOr THEIr FINANCIAL SErVICE PrOFESSIONALS – FAr ExCEEDING ANY OTHEr COMPArABLE DESIGNATION.

The survey was conducted by The Strategic Council and included 806 consumer panel members between November 24st and 28th, 2014.

CONSUMErS ArE AwArE OF THE CFP DESIGNATION. THE CFP DESIGNATION LEADS ALL MAJOr FINANCIAL SErVICES DESIGNATIONS IN TErMS OF UNAIDED BrAND AwArENESS.

PErCEPTIONS TOwArD CFP PrOFESSIONALS HAVE DrAMATICALLY IMPrOVED. PErCEPTION OF CFP PrOFESSIONALS AS “kNOwLEDGABLE/ExPErT” BY CONSUMErS HAS INCrEASED BY 60% OVEr THE PAST NINE YEArS. PrEVIOUSLY THE CFP DESIGNATION wAS IDENTIFIED wITH SPECIFIC “FINANCIAL PLANNING” SErVICES AND TODAY IT IS MOrE ASSOCIATED wITH PErSONALITY ATTrIBUTES – SPECIFICALLY, kNOwLEDGEABLE/ExPErT. (UNAIDED – AMONG THOSE FAMILIAr wITH CFP DESIGNATION).

3xAwArENESS OF THE CFP DESIGNATION LOGO HAS TrIPLED SINCE 2011.

BY THE NUMBERS

CFP® MARK BRAND TRACKER SURVEY

FALL 2015 – 1

ON MY MIND

OBlIgATIONS OF A PROFESSIONAl

Life is complicated. It never unfolds exactly as we plan. Doors open; doors close. And those inevitable twists and turns in the road often lead us to places frightening and unknown. Fear of change and the unfamiliar is deeply ingrained in the human psyche. Change, as Heraclitus philosophized 2,500 years ago, is in fact central to the universe itself.

Today’s rapid pace often leaves us merely reacting to dramatic and unanticipated change. It’s little wonder then that one of our deepest needs as human beings is a sense of control. without some level of control, we become overwhelmed, putting our very survival at risk.

Given the pace in which we live, it’s only natural that financial planning is becoming recognized as essential to Canadians’ well-being. As we enter into Canada’s 7th annual Financial Planning week, I am reminded of the profound impact of sound financial planning on society and the powerful effect a financial planner can have in helping clients manage change and take and maintain control of their lives.

There is no doubt CFP® professionals are among the fortunate. The profession is generally well-paid (see page 5, Profile of the Profession) and well-respected (see inside cover for By the Numbers). However, most CFP professionals would agree that the greatest reward and privilege of the profession lies in the satisfaction of being able to make such a profound difference in the lives of their clients.

Financial reward, respect and having an impact on society comes with great responsibility. Certified finanCial Planner® professionals know they are obligated to put their clients’ interests ahead of all other interests. They know they must uphold the fundamental tenets common to all professions—acting with integrity, objectivity, fairness and diligence, and remaining competent in their field. CFP professionals accept that independent oversight, monitoring and enforcement of standards play a necessary role in the respect and credibility they have earned. And they also recognize that there must be consequences for those who fail to meet the standard established for their profession.

It’s our job at FPSC to monitor and enforce the standards of the profession and to apply appropriate consequences for those whose conduct does not measure up. It’s how we keep it clean. It’s part of how we earn and maintain trust in the profession. It’s how we ensure financial planners offer true societal benefit, and it’s how we ensure that the privilege of membership in the profession is only granted to those who have earned it.

That’s why it’s time for our governments across the country to recognize the power and privilege of all who claim financial planning as their own. There’s no doubt that it’s an attractive profession; however, along with the rewards of membership must come corresponding obligations. It’s time governments codify in law the certification structure, governance and oversight

Cary List CA, CPA, CFP®

President & CEO, FPSC

Cary leads FPSC as the premier standards-setter for the financial planning profession in Canada. He has spent most of the past decade working to ensure that CFP certification is recognized as the standard for financial planning and to see financial planning recognized in law as a distinct profession.

mechanisms that are already required for Certified finanCial Planner professionals, but that are otherwise voluntary, and make them a requirement for everyone who wants to reap the benefits of belonging to this essential profession.

Yes, life is complicated. Finances are complicated. regulation of financial services is complicated. Governments can relieve some of this complication and confusion by passing laws that ensure all financial planners are required to step up to the same professional standards as the 17,000 Certified finanCial Planner professionals across Canada already do. Our governments hold the cards – they have the control and they can make it right.

FALL 2015 – 2

STEPHEN rOTSTEIN, LL.B.FPSC VP, POLICY & rEGULATOrY AFFAIrS AND GENErAL COUNSEL

SUMMARY OF FPSC’S SUBMISSION TO ONTARIO gOVERNMENT-APPOINTED ExPERT COMMITTEE

TAKINg A STAND FOR ONTARIANS

Almost half of Canadians erroneously believe that there are current regulatory standards specifically for financial planners in this country.1 Yet, the current absence of title restrictions and corresponding professional oversight has left Ontarians at risk of receiving financial planning from individuals not qualified to provide it, not bound to a code of conduct specific to the profession, and who are not accountable for the financial planning they provide.

There is no question that choosing the appropriate type of financial services provider remains a daunting task for many Ontarians. There is a pervasive lack of consumer understanding of what to expect from a financial plan and/or planner. The absence of regulatory distinction between various forms of financial advice leaves many consumers confusing an “asset allocation plan”, an “investment plan” or a “retirement projection” with a financial plan. This has resulted in consumers receiving limited advice on singular issues without the context of their full financial picture, yet thinking they have a financial plan. This misconception, coupled with the risk of receiving financial planning from persons who are unqualified and unaccountable for the financial planning they provide, has left Ontarians in danger of seeking the wrong advice from the wrong people.

while the licenses issued for mutual funds, securities and insurance are under the authority of the Ontario Securities Commission (OSC) and Financial Services Commission of Ontario (FSCO) in Ontario, and delegated in part to the Investment Industry regulatory Organization of Canada (IIrOC) and the Mutual Fund Dealers Association (MFDA),the current regulatory environment does not explicitly recognize the fundamentally vital service of financial planning or its impact on the well-being of consumers.

Financial planning is a distinct service, and outside the scope and expertise of existing regulatory systems. we recognize and respect the authority and work of the existing regulators and self-regulatory organizations; however, our concerns lie in the gap that currently exists as a result of the absence of a single set of mandated standards and common oversight for those who claim, either through title or advertising, to be financial planners or to offer financial planning as a core service.

Much of the consumer and marketplace confusion is rooted in the interchangeable use of “financial planner” and “financial advisor”. The terms “financial planning”, “financial planner” and “financial plan” are generally well-defined and specific in nature, while the terms “financial advice” and

“financial advisor” are broadly-used, generic and non-specific. “Financial planner” is one of the most commonly misused titles in the financial services industry. The title projects a professional image that may lead a consumer to believe that the person using it is qualified to provide financial planning when in fact they may not be.2

To garner trust and increase consumer protection and well-being,

Ontarians must be able to count on self-explanatory titles that clearly describe the services being offered, and be assured that the title corresponds with the appropriate qualifications, competencies and services of that particular role.

while there may be several appropriate, distinct titles and services within the broader “financial advisor” space, we propose that the Ontario government start with the most discrete identifiable group—financial planners.

1 Leger, conducted on behalf of Financial Planning Coalition™, Awareness and Perceptions of Financial Planners in Canada, January 2014 sample of 1,501 English or French-speaking Canadians, 18 years of age or older.

2 http://www.innovativewealth.com/wall-street-wisdom/top-8-titles-used-by-financial-advisors/

FALL 2015 – 3

Adopt a single, harmonized set of standards for financial planners;

recognize and adopt the Canadian Financial Planning Definitions, Standards & Competencies, a joint publication of Financial Planning Standards Council and Institut québécois de planification financière;

Create title and holding out restrictions so that only those who have demonstrated their competence by meeting unified standards and who have committed to professional ethics and continuing education are permitted to use the title or hold out as a “financial planner”; and

Make all financial planners in Ontario accountable to a professional oversight body that understands financial planning and professional obligations, and that represents the public interest.

The most effective, practical and least cumbersome solution to addressing financial planner regulation (or ultimately that of other financial advisors) lies in professional certification. Specifically, we and our partners in the Financial Planning Coalition™3

recommend that the Ontario government:

1

2

3

4

Such a model would remain self-funded by professional financial planners and would establish no additional regulatory burden.

we will continue to make our views known, not only in Ontario but across the country.

If you are interested in participating in FPSC’s Public Policy Ambassador Program please email us at publicpolicy@fpsc.ca.

3 “The Coalition”, whose members include the Canadian Institute of Financial Planners, the Institute of Advanced Financial Planners, Institut Québécois de planification financière and Financial Planning Standards Council.

Canadian Financial Planning Definitions, Standards & Competencies

First Ever Unified Standards for the Canadian Financial Planning Profession.

Hard Copy Edition $18.95

Order Yours Today at

www.fpsc.ca

TM

CFP®, Certified finanCial Planner® and are certification trademarks owned outside the U.S. by Financial Planning Standards Board Ltd. (FPSB). Financial Planning Standards Council is the marks licensing authority for the CFP marks in Canada, through agreement with FPSB. All other ® are registered trademarks of FPSC, unless indicated. ©2015 Financial Planning Standards Council. All rights reserved.

Become aCertified Necessity. Helping people plan for their financial future isn't just a way to make a living. It’s a way to make a difference. When you become a Certified finanCial Planner® professional, you have the opportunity to give clients peace of mind. Research shows that Canadians who work with a CFP®

professional feel their financial goals and retirement plans are more on track, their ability to save has improved, and they’re more confident they can handle the inevitable bumps in life.

Learn how to earn the CFP designation. It’s the industry standard in financial planning—don’t settle for less.

To learn more about CFP certification, visit beafinancialplanner.ca

FALL 2015 – 5

PROFIlE OF THE PROFESSION

CFP Professionals FPSC Level 1 Certificants The 17,000 Certified finanCial Planner® professionals in Canada are members of an international community of financial planning professionals over 157,000 strong who are committed to upholding the profession’s most rigorous global standards including an ethical obligation to put their clients’ interests before all others. The following information is collected from the renewals that Canadian CFP® professionals and FPSC Level 1® Certificants in Financial Planning complete each year. The information represents reported statistics as of August 2015.

Demographics of the ProfessionMale 69%Female 31%

Demographics of the ProfessionMale 64%Female 36%

Age<35 15%36-45 22%46-55 31%56-65 24%66+ 7%

Age<35 62%36-45 21%46-55 12%56-65 4%66+ 1%

Spoken language other than EnglishFrench 5%Mandarin 5%Cantonese 4%Hindi 2%

Spoken language other than EnglishMandarin 7%French 5%Cantonese 5%Hindi 4%

Income> $100k / year 65%> $200k / year 29%

Income<$100k / year 70%>$100k / year 30%>$200k / year 7%

LocationOntario 52%British Columbia 19%Alberta 14%Prairies 7%Atlantic Canada 5%

LocationOntario 53%British Columbia 21%Alberta 16%Prairies 6%Atlantic Canada 4%

DesignationsCLU 20%CIM 18%Accounting 13%

DesignationsAccounting 16%CIM 16%CLU 12%PFP 14%

FALL 2015 – 6

BY DAMIENNE LEBrUN-rEID, LL.B.FPSC DIrECTOr, STANDArDS AND ENFOrCEMENT

RECENT ENHANCEMENTS TO FPSC ENFORCEMENT PROCESS

STandardS & EnForCEmEnT Standards unify and elevate a profession. They are critical to all professions as they promote and guide best practices and client-first behaviour. To be truly meaningful, standards must be actively adopted by the profession.

Professionals must regulate their own activities and those of their colleagues to vigilantly guard that the high level of competence expected of the group is maintained and reflected in each individual’s conduct. Each professional must accept personal responsibility for their actions, thereby elevating the profile of the entire profession. Professional oversight is equally important. Absent enforcement, standards are meaningless.

FPSC is a professional oversight body and those we certify are members of the financial planning profession. we develop, promote and enforce professional standards in financial planning through certification. As a professional oversight body, FPSC ensures that CFP® professionals and FPSC Level 1® Certificants in Financial Planning adhere to rigorous standards. Ensuring adherence to these standards protects the Canadian public and elevates the reputation of the financial planning profession.

rECEnT EnhanCEmEnTS In 2013, FPSC engaged experts to undertake a review of FPSC’s enforcement process with a view to ensuring that it meets best practices relevant to professional oversight. Starting in October 2013, FPSC made significant changes to its complaints, investigation and enforcement process. This included the creation of the Conduct review Panel, an arms’ length standing committee of the Enforcement Policy Committee.1

The Conduct review Panel is tasked with reviewing staff investigation reports and determining the appropriate disposition of complaints. The Panel is comprised of experienced professionals from diverse cross-sector backgrounds who have significant industry experience and reflect geographic diversity.

In November 2014, FPSC turned to the profession with a call for volunteers to serve as adjudicators on our disciplinary hearing panel roster. The majority of those selected to serve bring experience in compliance and/or the arena of professional discipline to the table. They play a critical role in protecting the public interest and the integrity of the profession by enforcing the high professional and ethical standards embodied in the Standards of Professional Responsibility for CFP Professionals and FPSC Level 1® Certificants in Financial Planning.

A number of procedural changes and enhancements to our complaint intake, investigation and enforcement process have also been implemented as a result of our review. For example, in the public interest, we introduced remedies to address egregious misconduct, through temporary suspension of certification.

FPSC has recently taken a number of steps to increase consumer awareness of the high professional standards to which CFP professionals and FPSC Level 1 certificants are held. Access to a user-friendly online complaint form, along with continual structural and content changes to our website, make certain that the resources that consumers require are easily accessible and highly relevant.

Most recently, FPSC’s Board of Directors approved a number of changes to the FPSC rules of Conduct and FPSC Disciplinary

rules and Procedures. The amendments to the Disciplinary rules and Procedures reflect the increased rigour in our complaint intake, investigation and enforcement process. A strengthened disclosure and conflict of interest rule was also among the changes. This rule reflects the expectations Canadians have of professionals who have a written obligation to abide by a Code of Ethics and put clients’ interests ahead of their own.

FPSC continues to work to ensure the public interest is protected and that all CFP professionals and FPSC Level 1 certificants meet or exceed the rigorous standards expected of them. This is an example of how we instill confidence in the financial planning profession.

COrE PrINCIPLES OF FPSC’S ENFOrCEMENT PrOCESS

• To be fair, transparent and consistent;

• To promote and enforce high standards of professionalism among CFP professionals and FPSC Level 1 certificants;

• To protect the public interest; and

• To increase public confidence in the profession.

1 The Enforcement Policy Committee is a standing committee of the FPSC Board of Directors that oversees the policies and procedures relevant to Standards and Enforcement. In addition, members of the committee serve as Chairs of discipline hearing panels and as members of appeal hearing panels.

FALL 2015 – 7

rEporTS on FpSC dISCIpLInarY aCTIonS

Cloth, m. Jason (markham, on)

By way of decision dated August 7, 2014, FPSC’s Disciplinary Hearing Panel found that Jason M. Cloth breached rules 101, 202 and 702 of the FPSC Code of Ethics.

Mr. Cloth appealed the Hearing Panel’s decision. By way of Order dated October 30, 2014, and in consideration of the joint settlement submissions filed by FPSC and Mr. Cloth’s counsel, the Appeal Panel allowed the Appeal, in part, and upheld the Hearing Panel’s findings that Mr. Cloth:

i. Breached rule 101 of the Code by failing to properly explain and illustrate to his client the cost of the product;

ii. Breached rule 202 of the Code by failing to act in the interests of his client by allowing the policy to be changed from Level to Yearly renewable while failing to disclose the change to his client and without the client's authorization; and

iii. Breached rule 702 of the Code by failing to implement only those recommendations that were suitable for the client; explain details of the insurance product; explain the effects of changes to the product; and confirm the client's understanding of the product by periodically reviewing it with the client.

Mr. Cloth was issued a Letter of Admonishment and his right to use the CFP certification marks was suspended for one (1) year until november 6, 2015.

dirani, Wasseem (ancaster, on)

By way of decision dated March 6, 2015, FPSC’s Disciplinary Hearing Panel found that wasseem Dirani engaged in professional misconduct by recommending a leveraged investment strategy to his 63 year old client whose principal source of income was a disability pension, and purchased securities in his client’s margin account using borrowed funds secured against the client’s house; thereby breaching rules 601, 201 and 702 the CFP Code of Ethics and rule 2, 15 and 16 of the Standards of Professional Responsibility (the conduct spanned the period 2006 to 2012).

Mr. Dirani appealed the Hearing Panel’s decision.

On August 25, 2015, the Appeal Panel found that the Hearing Panel’s decision was reasonable and upheld the Hearing Panel’s findings that Mr. Dirani:

i. Engaged in conduct which reflects adversely on his integrity and fitness as a CFP professional, the CFP marks and the profession, thereby breaching his obligation under rule 601 of the Code and rule 2 of the Standards;

ii. Failed to exercise reasonable and prudent professional judgment in financial planning, thereby breaching his obligations under rule 201 of the Code and rule 15 of the Standards;

iii. Made recommendations to his client that were neither prudent, suitable, nor appropriate for his client, thereby breaching his obligations under rule 702 of the Code and rule 16 of the Standards; and

iv. Breached his obligations under rule 607 of the Code and rule 18 of the Standards.

Mr. Dirani’s right to use the CFP certification marks has been suspended for four (4) years until march 31, 2019.

deartola, martin (new hamburg, on)

By way of decision dated August 18, 2015, FPSC’s Disciplinary Hearing Panel found that Mr. DeArtola breached rules 2 and 24 of the Standards of Professional Responsibility by failing to respond to FPSC’s communications and cooperate with FPSC’s investigation further to a client complaint. Pursuant to the Hearing Panel’s Order, Mr. DeArtola’s certification was suspended for a period of 30 days and he was ordered to pay costs of $450 to FPSC. Having failed to comply with the terms of the Order, Mr. DeArtola’s certification was revoked on October 1, 2015.

where FPSC certificants have been found by a Hearing Panel to have breached the standards for the profession as established by FPSC, the Hearing Panel may impose disciplinary sanctions ranging from a letter of admonishment to permanent revocation of the right to use the CFP marks. FPSC makes all Hearing Panel decisions public by, among other things, publishing a report on our website.

Hearing Panel decisions in respect of the following individuals have recently been released:

FALL 2015 – 8

NOVEMBER 15-21, 2015

CElEBRATE FINANCIAl PlANNINg WEEK IN CANADANow in its seventh year and an integral part of Financial Literacy Month, Financial Planning week is part of an ongoing effort by Financial Planning Standards Council (FPSC) and the Institut québécois de planification financière (IQPF) to raise awareness of financial planning as fundamental to the financial well-being of Canadians.

This year, FPSC is hosting a number of events and activities that you will not want to miss.

Celebration of the Profession Reception and Dinner With keynote address by Ontario Minister of Finance Charles Sousa Certain to be one of the most important financial planning events of the Fall, we are pleased to welcome Charles Sousa, Ontario Minister of Finance, to deliver a keynote address. Hear about his vision of the future of the financial planning profession, celebrate outstanding contributors to the profession, and network

SCheDule OF eventS:

Event date Time Location

Celebration of the Profession Dinner & Reception – toronto$99 per seat

November 17, 2015 6:00 pm – 9:30 pm

Old Mill Inn

21 Old Mill road Toronto, ON M8x 1G5

ethics Breakfast – toronto$49 per seat

November 18, 2015 7:15 am – 8:45 am

CFP Professional Symposium – toronto$299 per seat or$2300 branded table of 8

November 18, 2015 9:00 am – 4:30 pm

ethics Breakfast – vancouver$49 per seat

November 20, 2015 7:15 am – 8:45 amPan Pacific

300-999 Canada PlaceVancouver, BCV6C 3B5

CFP Professional Symposium – vancouver$299 per seat or$2300 branded table of 8

November 20, 2015 9:00 am – 4:30 pm

(cocktail reception to follow until 6:00pm)

To register for any or all events, visit www.fpsc.ca. Space is limited so we encourage you to register as soon as possible.

with high-profile decision-makers in the financial services industry, regulators and representatives from all levels of government. Hosted by Judy Croon, a comedian, motivational speaker and Second City stand-up coach, this is one event you don’t want to miss. ethics Breakfast Session New for 2015, this session looks at important ethical questions that professional financial planners need to consider. Earn your mandatory Professional responsibility CE credit in a workshop featuring ethics expert rod Burylo, FPSC President & CEO Cary List and Damienne Lebrun-reid, FPSC’s Director of Standards and Enforcement.

CFP® Professional Symposium— trust Matters Trust is the bedrock for building strong, sustainable relationships, and Canadians must be able to trust financial planners to help them achieve financial well-being. A CFP professional must not only deliver exceptional technical competence, but

also unquestionable honesty, integrity, loyalty and respect—factors that are central in all relationships. The CFP Professional Symposium offers an opportunity to explore this important topic with colleagues and experts while providing practical tools that can be put to use immediately. Earn five FPSC-Approved CE Credits while honing your professional skills and networking with your peers.

FALL 2015 – 9

BOB GrAY

PHIL BILLINGHAM

Dr. MOIrA SOMErS

JOHN POYSEr

SCOTT STrATTEN

Making Memorable Connections Always thought you had a bad memory? Let Guinness world record holder Bob Gray “change your mind”. Bob will show you how to engage left and right hemispheres of the brain for full brain potential.

Sponsored by

Sponsored by

Sponsored by

Sponsored by

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transitioning from a Sales Focus to a Professional Planning Practice A specialist in assisting financial planning firms to survive and thrive during regulatory change, Phil Billingham explains how to transition from a sales to a relationship-focused organization with the adoption of a Financial Planning Model.

Why Good Clients Ignore Great Advice—Overcoming the Implementation Impasse Clinical neuropsychologist, professor and financial recovery expert Dr. Moira Somers will tackle some of the difficult questions that many professional planners face every day.

Issues with trusts John Poyser, a partner with Tradition Law LLP, Estates and Trusts and principal of The wealth & Estate Law Group, offers strategies to support older clients who may suffer from diminishing capacity, including both the legal and practical implications.

Keynote Address: un-Marketing 101 Scott Stratten shows you how to stop marketing and start UnMarketing. Move beyond the tools that we ourselves hate, like cold-calling, ads and flyers. Unlearn the old ways so you can consistently attract and engage the right customers.

FALL 2015 – 10

MANY PArTICIPATE IN FINANCIAL PLANNING wEEk, BUT LEADErS SPONSOr IT.thAnK YOu tO OuR 2015 SPOnSORS

GOlD SPOnSOR

FALL 2015 – 11

FEllOW OF FPSC™ DISTINCTION

2015 FEllOW OF FPSC RECIPIENTS NAMED

FROM THE COVER

FPSC lAUNCHES CONSUMER WEBSITE

The fellow of fPSC distinction was established for the purpose of recognizing individuals who have made a significant contribution to the profession of financial planning in Canada. The work of these individuals reflects their commitment to ethics that forms the foundation of CFP® certification standards upon which the financial planning profession is built.

we congratulate the 2015 honourees, who will be celebrated at FPSC’s Celebration of the Profession Dinner in Toronto on November 17. For more information about these outstanding contributors to the profession and the fellow of fPSC distinction, including past recipients, please visit fpsc.ca/fellow-fpsc.

while you are there, reserve your seat at the Celebration of the Profession Dinner to congratulate them first-hand.

BrYAN DOULL, CIwM, CFP®

kEVIN L. GEBErT, CIM, rHU, CFP®

kELLY MAIDENS, BBA (HONS.), AICB, CFP®

THIS YEAr, wE HAVE THrEE INDIVIDUALS wHO wILL BE rECOGNIzED AS OUr NEwEST FELLOw OF FPSC rECIPIENTS ON NOVEMBEr 17 AT OUr 2015 CELEBrATION OF THE PrOFESSION DINNEr IN TOrONTO.

In October, FPSC launched FinancialPlanningforCanadians.ca, a commercial-free website dedicated to helping consumers through information, education and product-free advice. FinancialPlanningforCanadians.ca is divided into three easy-to-navigate sections.

• life happens confronts the sometimes messy reality of our day-to-day lives and the often long-term impact that unexpected events have on financial health.

• here’s the Plan helps Canadians take positive planning action, arming them with the right information and tools to make informed choices.

• Make Your voice heard directly addresses the lack of consumer protection and the current public policy debate.

Look FOR thIS SYmboL

For more information visit:fpsc.ca/approved-ce-credits

FPSC Ce Approval Program Milestone: now Offering 100 education Providers

aSSESSEd.

approVEd.

aSSUrEd.

Academy of Financial Divorce Specialists

Advocis

Age-Friendly Business

Agenomics

AGF Investments Inc.

Akua Carmichael, Barrister & Solicitor

Aston Hill Asset Management Inc.

Bachrach & Associates, Inc.

BMO Financial Group

BMO Institute for Learning

Brain Jacks Inc.

Bridgehouse Asset Managers

Bruce Etherington & Associates

Business Career College Corp

Canadian Anti-Money Laundering Institute

Canadian ETF Association

Canadian Institute of Certified Executor Advisors

Canadian Institute of Financial Planners

Canadian Securities Institute

Candura Group, LLC

Capital r Consulting

CDSPI Advisory Services Inc.

CE Network Inc.

CE-Credits.ca

CI Investments

CIBC Asset Management Inc

Clear Path Media

CLIFE Inc.

Concentra Trust

Convention Business Travel

Covenant Group

Desjardins

Damian Borges

Dynamic Funds

ErAssure – Estate risk Protection Plan Inc.

ES Computer Training

Ethics Audit

Fidelity Investments

First Canadian Title

Foran Financial Institute

Gordon B Lang and Associates Inc

Greater Durham Self-Defence

Great-west Life Assurance Company

Forstrong Global Asset Management Inc.

Financial Planning Standards Council

Harrison Pensa LLP

Heritage Institute Canada

IFSE Institute

ILS Learning Corporation

Independent Financial Brokers of Canada

Industrial Alliance Insurance and Financial Services

Ingle International Imagine Financial Ltd.

Institute for Divorce Financial Analysts

Institute of Advanced Financial Planners

INTEGrIS Pension Management Corp.

Invesco Canada Ltd.

Investors Group

Ivey Business School

Jarislowsky Fraser Limited

knowledge Bureau

knowledge First Financial

Learning Partner

Legacy Companies, LLC

Louis Jolicoeur

Mackenzie Investments

Manulife

McCague Borlack LLP

MD Management

MedAxio Insurance Medical Services

Mindpath Corp.

MNP LLP

National Bank of Canada

National Exempt Market Association

NPC Data Guard

Oliver's Learning

Pacific Business & Law Institute

Parley Consulting

Phoenix Coachingworks Inc.

Stock Trading Academy

Positive Strategies Inc.

Practical Management of Canada

Private Capital Markets Association of Canada

Queensbury Group

radius Financial Education

rBC royal Bank

responsible Investment Association

rogers Media Inc., Publishing

Saskworks Venture Fund Inc.

Schulich Executive Education Centre

Skillsoft Corporation

Smarten Up Institute

STEP Canada

Tabuchi Law Offices

TEN STAr Holdings Inc.

The Financial Facilitators Inc.

The Money Finder

Trust Unlimited

Vancouver Dementia Care Consulting

Vision Systems Corp.

weGuideU.com

WHAT’S HAPPENINg@ FPSC_CANADA 2015

noVEmbEr 2015

2-23 CBC consumer awareness television and online campaign airs across the country.

15-21 7th Annual Financial Planning week in Canada, an integral part of Financial Literacy Month.

16 Financial Planning week Special Information report in The Globe & Mail.

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Celebration of the Profession Dinner 6:30 – 9:30 p.m. at Old Mill Inn, Toronto, Ontario. Certain to be one of the most important financial planning events of the Fall, we are pleased to welcome Charles Sousa, Ontario Minister of Finance, to deliver a keynote address. The evening will be hosted by Judy Croon, a comedian, motivational speaker, Second City stand-up coach, radio host and author.

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ethics Breakfast 7:15 – 8:45 a.m. at Old Mill Inn, Toronto, Ontario. This session looks at important ethical questions that professional financial planners need to consider. Earn your mandatory Professional responsibility CE credit in a workshop featuring ethics expert rod Burylo, FPSC President & CEO Cary List and Damienne Lebrun-reid, FPSC’s Director of Standards and Enforcement.

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CFP Professional Symposium 9:00 a.m. – 4:30 p.m. at Old Mill Inn, Toronto, Ontario. This year’s event offers an opportunity to explore how Trust Matters with colleagues and experts while providing practical tools that can be put to use immediately. You can also earn five Continuing Education credits.

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ethics Breakfast 7:15–8:45 a.m. at Pan Pacific Hotel, Vancouver, B.C. This session looks at important ethical questions that professional financial planners need to consider. Earn your mandatory Professional responsibility CE credit in a workshop featuring ethics expert rod Burylo, FPSC President & CEO Cary List and Damienne Lebrun-reid, FPSC’s Director of Standards and Enforcement.

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CFP Professional Symposium 9:00 a.m.-4:30 p.m. at Pan Pacific Hotel, Vancouver, B.C. This year’s event offers an opportunity to explore how Trust Matters with colleagues and experts while providing practical tools that can be put to use immediately. You can also earn five Continuing Education credits.

27 CFP examination and FPSC Level 1® examination take place at various locations across Canada.

Are you on the list?Thousands of Canadians seeking competent and ethical financial planners use FPSC's Find a Planner or Certificant online tool every month. As an FPSC Level 1® certificant or CFP® professional, your contact information will automatically appear in this tool. Don’t get lost. Be found. Learn how to become a Certified Necessity™ at beafinancialplanner.ca.

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