Financial Planning Standards Board Ltd. (FPSB) establishes, upholds and promotes worldwide professional standards for financial planning to foster public confidence in the financial planning profession.
What is a CFP and why is it important?
CFP stands for certified financial planner and designates that someone has passed the CFP exam, thus meeting the requirements of the CFP board. Most financial professionals are not required to do this, which makes the CFP and its board an important and unique entity in the protection of consumer interests.
Is CFP globally recognized?
CERTIFIED FINANCIAL PLANNER certification is the only globally recognized symbol of excellence for financial planning. (FPSB) and its network of affiliate organizations administer, or are preparing to administer, the CFP certification program globally in 27 countries and territories.
Who is the Financial Planning Standards Council Canada?
A national professional body working in the public interest, FP Canada (formerly known as Financial Planning Standards Council) is dedicated to fostering better financial health for Canadians by certifying professional financial planners and leading the advancement of professional financial planning in Canada.
What’s the difference between a financial advisor and a financial planner?
As mentioned above, an advisor focuses on investments and calculating potential losses and gains. A planner, on the other hand, could have a broader range of designations, such as tax, estate, insurance, investment, retirement, and other important components of your personal finances.
How many financial planners are there in Canada?
Lastly, the CFP is an internationally recognized standard that is utilized by over 18,000 professionals in Canada. The CFP designation is attained and managed by the Financial Planner Standards Council (FPSC), a non-profit organization focused on advocating superior financial advisement for consumers.
What do you need to know about a Certified Financial Planner?
Certified Financial Planner® professionals have demonstrated the knowledge, skills, experience and ethics to examine their clients’ entire financial picture, at the highest level of complexity required of the profession. Get started on the road to financial confidence with the help of a professional financial planner.
