Two Credentialing Bodies Approved for the Use of the Financial Planner and Financial Advisor Designation in Ontario


“Being able to formally use the title of financial planner or financial advisor will make it easier for these individuals to communicate their value to consumers and validate their education and expertise,” said Huston Loke, executive vice president, Conduct on the market at FSRA. “Consumers will also have confidence that the person they are dealing with has a minimum level of education, is actively supervised, and is subject to a complaints and discipline process.”

FSRA-approved credentialing bodies are responsible for supervising and enforcing the conduct of their financial planner or financial advisor credential holders. FSRA requires credentialing bodies to have robust oversight processes and a code of conduct that compels credential holders to put the interests of the client first and ensure the fair treatment of consumers.

“FP Canada welcomes FSRA’s approval as the credentialing body to grant and oversee the use of the Financial Planner designation. CERTIFIED FINANCIAL PLANNER® The QUALIFIED ASSOCIATE FINANCIAL PLANNER™ Certification and Certification provides excellent opportunities for those interested in a career in financial planning to develop the skills and competencies necessary to better meet the needs of all Canadians,” said Tashia Batstone, President and CEO, FP Canada. “As a professional body working in the public interest, we strongly support the Financial Professionals Title Protection Act and the benefits it brings to consumers in the form of increased clarity and confidence. We look forward to working with FSRA in this important new framework.

“We are delighted that our affiliate – the Institute for Advanced Financial Education – has been approved as an accrediting body and look forward to playing an active role in raising the professional bar in Ontario,” mentioned Greg PollockPresident and CEO of Advocis, The Financial Advisors Association of Canada. “We would also like to thank the government for Ontario and the Financial Services Regulatory Authority of Ontario for recognizing the importance of title protection and taking the first steps to better protect consumers. We hope to see other provinces follow their example. »

Learn more:

  • A list of approved accreditation bodies and their approved accreditations is available at FSRA’s Financial Planners and Financial Advisors Industry Page. FSRA is actively reviewing applications and will announce other accrediting bodies and their designations as they are approved.
  • FSRA is committed to providing ongoing and regular updates to facilitate the successful implementation of the Financial Professional Title Protection Framework. As this initiative will be phased in, more details please visit the financial planners and financial advisors transition page.
  • FSRA will host a webinar on April 21, 2022to provide details and answer questions about the title protection framework for finance professionals in Ontario. All interested stakeholders are welcome. Details of the event, including a link to register, will be sent to those who have subscribed to updates from FSRA’s Financial Planner/Financial Advisor and posted on the FSRA website. Events page.
  • FSRA Welcomes Existing Professional/Designating Bodies to apply as accreditation bodies under the framework.

FSRA continues to work on behalf of all stakeholders, including consumers, to ensure financial security, fairness and choice for all. Learn more about

SOURCE Financial Services Regulatory Authority of Ontario


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