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Your Money Matters – How to Choose the Right Financial Advisor

Sameer Somal CFA. CFP. CAIA

You work hard. Getting up everyday and going to work to earn money. How you manage, spend, and invest your money with the right financial advisor can and will have a profound impact on your life.

As with all things pertaining to your money, you must also be meticulous in choosing the right planner for you.  So few people invest the time to qualify their financial advisor.  You must ensure that he/she is a professional who has the expertise to help you navigate the what, where, when and how of wise planning or investing?

A Certified Financial Planner® professional – recognizable by the CFP® marks after a planner’s name – has achieved and maintains internationally recognized standards of knowledge, skills, abilities and ethics.

The CFP designation provides assurance to Canadians and to Americans that the design of their financial future rests with an appropriately qualified professional who will put clients’ interests ahead of their own.

The right financial advisor is dedicated to driving value and instilling confidence in financial planning.

As a standCFP Board | Online Courses for Continuing Education Credits } The right financial advisorard’s setting and certification body, the FPSC ( Financial Planning Standard Certification ) ensures CFP® professionals and FPSC Level 1® Certificants in Financial Planning meet appropriate standards of competence and professionalism through rigorous requirements of education, examination, experience and ethics. Find the right financial advisor, click here.

The Certified Financial Planner Board of Standards, Inc (CFP Board) sets and enforces standards for CERTIFIED FINANCIAL PLANNER™ certification, which it has been granted to more than 76,000 professionals in the United States. Find the right financial advisor, click here.

 

CFP® designation: The standard in Canada:

Long considered the standard for financial planning in Canada, the CFP designation provides assurance to Canadians that the design of their financial future rests with an appropriately qualified professional who will put their clients’ interests ahead of their own.

There are approximately 17,000 Certified Financial Planner professionals across Canada, part of an international network of more than 160,000 CFP professionals in 26 territories around the world.

FPSC ensures that CFP professionals and FPSC Level 1 certificants meet appropriately high standards of knowledge, skills, abilities and ethics through rigorous requirements for education, examinations and experience.  To obtain the CFP designation, candidates must complete a rigorous education program, pass two national exams and have three years of qualifying work experience. To maintain certification, every year they complete new professional education courses and agree to adhere to the Standards of Professional Responsibility for CFP Professionals and FPSC Level 1 Certificants in Financial Planning.

CFP® professionals have an obligation to ensure that their knowledge and competence remains current. To renew CFP certification, CFP professionals must attest to completing 25 hours of Continuing Education (CE) activities each year. FPSC Level 1® Certificants in Financial Planning must complete 12 hours each year.  XTRAcredits is dedicated to ensuring that we provide CFP professionals the highest standard of continuing education.

CFP® designation: The standard in the United States

CFP® professionals must pass the comprehensive CFP® Certification Examination, pass CFP Board’s Fitness Standards for Candidates and Professionals Eligible for Reinstatement, agree to abide by CFP Board’s Code of Ethics and Professional Responsibility and Rules of Conduct which put clients’ interests first and comply with the Financial Planning Practice Standards which spell out what clients should be able to reasonably expect from the financial planning engagement. To renew CFP certification, CFP professionals must complete 30 hours of continuing education (CE) accepted by CFP Board every two years.  XTRAcredits is dedicated to ensuring that we not only provide CFP professionals the highest standard of continuing education but provide learning opportunities for any professional looking to advance in their career.

You work hard for your money and you want your money to work for you too.  Don’t settle for anything less than the right financial advisor – a certified financial professional.  Do your research and be confident that the right financial advisor you choose does have the knowledge, skills, and abilities to skillfully navigate all aspects of your financial life – and a written ethical obligation to put your interests ahead of their own.

 

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XTRAcredits is the yellow pages for everything and anything continuing education and professional development credit related. XTRAcredits.com offers a catalogue of on-demand professional development courses available at anytime. Anywhere. And are accredited for CE Credits when you need them.

FPSC Financial Planning Standards CouncilMore about FPSC.

Committed to maintaining its own quality standards, FPSC is one of only six certification bodies in Canada to have received ISO 17024 accreditation from the Standards Council of Canada for meeting globally recognized standards for certification bodies. Based on internationally recognized criteria and procedures, this accreditation assesses and recognizes the credibility, impartiality and technical competence of FPSC’s certification services.

Contact: Caroline Horcher
Manager, Public Affairs
416.593.8587 or 1.800.305.9886, ext. 232

 

CFP Board | XTRAcreditsMore about the CFP Board.

Applicants for CFP® certification are required to satisfy CFP Board’s Fitness Standards for Candidates and Professionals Eligible for Reinstatement, which describe conduct that will always bar an individual from becoming certified and conduct that is presumed to be unacceptable and will bar an individual from becoming certified unless the individual successfully petitions CFP Board’s Disciplinary and Ethics Commission for consideration. CFP Board encourages all individuals pursuing CFP® certification to review the Fitness Standards for Candidates and Professionals Eligible for Reinstatement before addressing the other certification requirements.

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