Financial Planners Standards Council is set to host the 2006 spring Financial Planning Standards Board (FPSB) Council Meeting, from April 4 to 7, 2006, in Vancouver, B.C. Representatives from the Certified Financial Planner™ certifying bodies in 17 countries worldwide will be in attendance along with observers from organizations in several other countries interested in FPSB membership.
FPSB was established in October 2004 by 17 non-profit associations that together have certified over 45,000 individuals outside the U.S. to use the CFP marks. FPSB purchased the CFP certification marks for use outside the U.S. from the Certified Financial Planner Board of Standards in Denver. FPSB protects financial planning consumers and fosters professionalism in financial planning through the ongoing development and enforcement of relevant international competency and ethics standards. FPSB also promotes greater global recognition of CFP certification and its related marks as the international hallmarks of financial planning professionals.
Nothing resonates better with the public than feel-good stories. In the financial planning world, this could be a story of how your financial planning expertise made a positive contribution to a client in need.
They're your stories — and we would like to share them with others through our website, in media releases and through other ways. The stories we think will be of interest to many will be unique, as they all are, but resonate with relevance for many. Do you have a story where you made a substantial difference in a client's life, one that demonstrates your expertise and empathy? If so, tell us about it. Include the names and contact information of the clients involved so we can explore it a little further to develop an article or media pitch that will be enticing. Of course, we would not disclose the identity of the client in the final story — unless we received permission to do so.
Send your success stories to FPSC Communications at communications@cfp-ca.org.
CFP Ambassadors continued to put their best foot forward in media interviews during February and March. Some of the interviews have yet to appear in published articles — so watch for them.
Congratulations and thank you to all who help spread the word and inform Canadians about the many facets and benefits of financial planning.
Please continue to tell us of your participation in media interviews (outside of those we arrange) so we can acknowledge you and celebrate your success with your peers.
Valerie Chatain-White and Marc Lamontagne
Interviewed by National Post on retirement and debt loads
Anthony Windeyer
Interviewed by the Vancouver Sun about his professional profile and his investment strategy
Bea Grant
Interviewed for an article on self-directed RRSPs by Canadian Press Wire that was picked up by more than 11 papers across Canada
Ivan Chang
Interviewed for a Forum Magazine article on global investment funds
Peter Andreana
Interviewed on the syndicated Sheila Copps radio show that aired on seven stations across Canada
Graeme McPhaden
Interviewed for an article in the Toronto Star on the benefits of starting to invest early in life
Cynthia Kett
Interviewed on ROB-TV about financial planning
Hugh Smilestone
Interviewed for an article in The Globe & Mail on the implications of withdrawing funds from RRSPs
Tina Tehranchian
Interviewed on CFRB radio about families managing spending levels
Sandra McLeod
Interviewed by Advisor.ca on principle protected notes and the tax implications of selling them before maturity
Marc Lamontagne
Interviewed by Advisor.ca on the real estate debate — boom or bubble
In May we are conducting a survey of CFP professionals to gain an in-depth understanding of the ways and extent to which you are engaged in the delivery of advisory of financial planning and other services. The survey will also identify the biggest challenges you face in running your business today, and the types of support, tools and services that you find most valuable in addressing these challenges.
This is a cooperative initiative with Credo Consulting Inc., a leading provider of consulting and specialized research services focusing on marketing and distribution trends in the financial services industry in Canada.
Your participation in this survey will entitle you to receive a complimentary analysis of the results and your name will be entered into a draw for a chance to win one of a number of great prizes.
Watch for the E-News Special in May!
The Feature Article for April is, "Tax Refund: Source of Pride or Missed Opportunity" by Donna Mitchell CFP. "Earning a refund means quite simply that you paid more than your share of income tax in the previous year. In effect, you lent money to the government…"
Tim Horton's Initial Public Offering (IPO) this past week has piqued public interest. For the May Feature Article, we are looking for articles that explain what an IPO is and the how's and why's of buying in.
For June we're calling for articles on insurance. There are different types of insurance products such as Critical Illness, Disability and Life so we are leaving the topic broad and will accept any articles related to insurance.
The due date for May Feature Article submissions is Friday, April 21 and for the June Feature, Monday, May 22. Submit articles to Blake Glendenning at bglendenning@cfp-ca.org.
Read the Feature Article submission guidelines.
Learning Centre is an online resource for consumers. Organized by topic, it contains articles, a digest of books and links. It's a great place to direct your clients.
The CFP licensing period is from April 1st to March 31st and you must renew annually. Visit our website for the current FPSC Licensing Policies. If you would like to update your personal profile, you may do so using FPSC Online Services. It is the responsibility of all CFP professionals to ensure their personal information is accurate and up-to-date.
To renew online, you need your Registrant ID (formerly your licence number) and Password, which is your date of birth in mmddyy format, unless you have reset your password. Please note that FPSC will not divulge your personal information, including confirming your Registrant ID number and Password, to anyone.
On June 15, 2006, Financial Planners Standards Council holds its 11th Annual Meeting of Members in Victoria, British Columbia. All professionals in the area, as well as those who will be visiting at that time, are welcome to attend the Board of Directors Reception later that evening. Stay tuned for more information.
At the June and November 2005 CFP Examinations, eight candidates were named to the President's List. These top performers will be officially recognized at the Board of Directors Reception on June 15, 2006, in Victoria, British Columbia.
Named to the 2005 President's List are:
Scott Brown - Winnipeg, MB
Joel Carriere - Oakville, ON
Rick Ford - Manotick, ON
Izhak Goldhaber, - Toronto, ON
Stephen Hunter - Stittsville, ON
Carl Klug - Midland, ON
Richard Switzer - Mississauga, ON
David Webster - Smithers, B.C.
