What had been the principle complaints about monetary planners in 2022?

The FP Canada Requirements Council Competency Profile was additionally reviewed with two distinct profiles created for CFP professionals and QAFP professionals.

It additionally launched a reimagined QAFP certification and up to date path to QAFP certification, centered on accessibility and aligned to the precise data and competency expectations for working towards QAFP professionals.

Prime complaints

Among the many complaints obtained by the FP Requirements Council the best share associated to legal offences (12%), suitability (11%), shopper service (10%), integrity (8%), diligence (8%), battle of curiosity (7%), shopper first (7%), and disclosure (6%).

Nonetheless, those that resulted in investigations had been led by suitability (24%), integrity (16%), battle of curiosity (16%), and misappropriation (8%).

“The Requirements Council is devoted to supporting skilled monetary planners in understanding and assembly their skilled duties,” stated Damienne Lebrun-Reid, Vice President of Requirements, Certification and Enforcement at FP Canada. “In 2022, the Requirements Council embraced alternatives to assist monetary planners and guarantee they’ve the data, competencies and instruments to fulfill the excessive requirements of professionalism anticipated by Canadians.”