Financial advisers typically help clients manage their investments, while financial planners help clients prepare to meet a goal such as retirement or a child’s education
The head of Canada’s largest professional association of financial planners says she is disappointed and concerned that Ontario’s financial services regulator has approved a designation with a similar name to its own.
Now Mr. Costello said the organization has reopened the designation for new applicants, but Canada’s largest association for financial planners is crying foul, saying the name could cause confusion among investors who are familiar with its own designation. “There will definitely be additional consumer confusion by having two very similar credentials approved and that does not strike me as being in the public interest,” Ms. Batstone said. “So we are concerned.”
FSRA spokesperson Ashley Legassic told The Globe and Mail both designations met the criteria for approval.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ontario regulator launches consumer tool to verify financial adviser credentialsOntario's financial services regulator is making it easier for consumers to verify the credentials of financial advisers and financial planners.
Read more »
Motorcycle driver dead after collision in Rideau Lakes Township: OPPOntario Provincial Police say a motorcycle driver has died after a crash in eastern Ontario.
Read more »
Ontario needs a law to punish councillors for violence and harassment, advocates sayAdvocates, including David Arbuckle of the Association of Municipal Managers, Clerks and Treasurers of Ontario (left), Emily McIntosh with the Women of Ontario Say No (middle) and Marit Stiles of the NDP party (right) are pushing for stronger legislation aimed at holding municipally elected officials accountable if found to be harassing staff.
Read more »
Alberta's Sturmay, Ontario's Homan clinch playoff berths at Tournament of HeartsTeam Alberta skip Selena Sturmay, pictured on Saturday, improved to 6-0 at the Canadian women's curling championship on Wednesday.
Read more »
Ontario developers deny they're feeding housing crisis by sitting on landDevelopers are pushing back against claims that they’re slowing the pace of new home construction in Ontario by sitting on land that’s already been approved for housing.
Read more »
Toronto gets $114M for exceeding Ontario housing targetsThe Ontario government is providing Toronto with $114 million as a reward for exceeding its provincially-set housing targets.
Read more »