Be aware: The MoneySense Discover A Certified Advisor instrument is a paid service for advisors in partnership with the Monetary Planning Affiliation of Canada. Members of the affiliation should be an accredited CFP, R.F.P, F.Pl or QAFP.
What’s the distinction between the forms of advisors listed within the instrument?
The Discover a Certified Advisor instrument permits you to seek for advisors by {Qualifications}, Location, Companies, Specializations and Fee Mannequin.
A notice about location: Possibly you’ve already tried looking for “monetary advisor close to me” or one thing comparable. Many advisors now present companies nearly, so that you don’t essentially want to search out an advisor in your individual city or metropolis.
The advisors listed in our instrument present totally different companies and have totally different specializations, and so they have a wide range of monetary planning designations. As well as, they cost for or receives a commission for his or her companies in a number of methods. Right here’s easy methods to perceive these standards:
Companies
The advisors in our listing could present some or the entire following companies:
- Monetary planning: These advisors can consider your present and future monetary states and supply a complete monetary plan with suggestions to optimize your scenario whereas bearing in mind your objectives and values. A monetary plan may also deal with a particular objective or circumstance, comparable to planning for post-secondary schooling funding, debt compensation, monetary planning as a part of a separation or divorce, danger administration or retirement, to call just a few examples. See beneath for a listing of various monetary planning designations.
- Funding planning and implementation: These advisors can present particular funding suggestions and implement them by investing your cash for you. To offer funding planning and implementation companies, an advisor should be licensed by the funding regulatory physique in each province and territory the place they supply companies, and so they should handle cash by way of an funding dealership.
- Insurance coverage planning and implementation: These advisors can present particular insurance coverage suggestions and implement them by promoting you insurance coverage merchandise. To offer insurance coverage implementation companies, an advisor should be licensed by the insurance coverage regulatory physique in each province and territory the place they supply companies.
- Mortgage/lending implementation: These advisors can present particular mortgage and lending suggestions and implement them for you by arranging mortgages, time period loans, consolidation loans and different types of credit score. To offer mortgages, these advisors should be licensed as mortgage brokers or mortgage brokers in each province and territory the place they supply companies.
Specializations
The advisors in our listing could focus on particular forms of recommendation or companies—comparable to cross-border or worldwide monetary planning, socially accountable investing, enterprise succession planning or retirement earnings planning.
{Qualifications}
The advisors in our listing are all members of the Monetary Planning Affiliation of Canada. In accordance with FPAC membership necessities, all of them have at the least one of many following monetary planning designations:
