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The Investment Dealers Association (IDA) is proposing
rule changes that would expand proficiency exemptions. As
many of you already know, employees of IDA registered firms
are required to complete the Professional Financial Planning
Course through the Canadian Securities Institute (CSI) within
30 months of being hired. The proposed change would allow
the Certified Financial Planner designation conferred by Financial
Planners Standards Council to be recognized as an alternative
to the completion of the Professional Financial Planning Course.
To be eligible for this recognition, individuals must have
successfully written the CFP Examination and continue to hold
the CFP designation in good standing. We will keep you posted
on this story as it develops.
FPSC has upgraded its database to a more efficient
system. Our internal database of CFP professionals was separate
from the website databases for Find
a Planner and Find
an Expert. Now there is only one database. Beginning today,
when you go to Submit/Modify
Online Profile in the Resources
section of the CFP professionals
hub of our website, you will be re-directed to FPSC
Online Services. If you are modifying an existing profile,
the username and password you had used for the online database
are no longer valid. Now, your licence number becomes your
User ID and your password
initially is your date of birth. Once you enter, you can change
your password by clicking on View/Update
Login Profile. To make changes or add your professional
profile, click on View/Update Professional
Profile. And to make changes to your contact information,
click on View/Update Demographic
Profile.
We're putting out a call for qualified CFP professionals
to serve as members of Hearing Panels as prescribed by FPSC's
Disciplinary
Rules & Procedures.
Hearing Panels are responsible for reviewing
charges prepared by FPSC's Director - Ethics, Legal & Regulatory
Affairs against CFP professionals that have allegedly breached
FPSC's Code
of Ethics, or in the case of CFP Examination candidates,
that have allegedly engaged in misconduct during the CFP Examination
process.
Hearing Panel volunteers should have an understanding
of FPSC's Code of Ethics. In addition, volunteers must complete
a detailed Conflict of Interest Questionnaire and sign a Confidentiality
Statement prior to service and be prepared to discuss issues
and make informed decisions at hearings.
Those interested in this opportunity should send
an updated resume and cover letter to Heather Terrence at
hterrence@cfp-ca.org.
Please note that FPSC requires national volunteer
representation, as hearings will be held across Canada.
For more information, please call Heather Terrence
at 416-593-8587 x231 (toll-free 1-800-305-9886 x231) or by
e-mail at hterrence@cfp-ca.org.
FPA Denver 2004, formerly known as Success Forum,
is fast approaching - and as a Canadian CFP professional,
you have a special invitation to attend this gathering of
the global financial planning profession on September 10-14,
2004. By registering through the link below, the benefits
of a special FPA promotion will accrue to Canadian CFP professionals
who attend. Monetary incentives will be set aside and raffled
off to two Canadian CFP attendees to be split between them
for use at future FPA meeting registrations. Register before
July 29 for a significant discount. As a Canadian CFP professional,
you are entitled to attend the convention at the FPA member
rate. Register at http://www.fpaannualconvention.org/registrationinfo/registration.cfm?sourcecode=intl02.
Last week we asked you to complete one of two
online surveys as part of our Professional Competency Analysis.
If you have already taken the time to complete your assigned
survey, we thank you. If you haven't yet, please take the
hour or so to help us out and earn a chance to win one of
two Handspring Treo 600 Smartphone/PDA/E-mail device valued
at $875. Please refer to the e-mail you received for your
password and the link to the survey. If you have any questions,
direct them to competencyanalysis@cfp-ca.org.
| Did
you know?.. June 2004 CFP Examination Results 1,114
individuals wrote the CFP Examination on June 5, 2004
and 55.3 per cent (616) passed. Of those writing the exam
for the first time, 60.23 per cent passed. The list of
the 616 successful CFP candidates will be published in
The Globe and Mail on Thursday, September 9. Read
the media release on our website. |
Love being a financial planner? We are in the
process of creating a new career recruitment brochure and
we would appreciate your feedback. What would you say to a
person who is interested in a career as a financial planner?
What do you find rewarding? How has the CFP designation furthered
your career? Anything you would say to a future planner, we
want to hear. Please send your written comments to rhilton@cfp-ca.org
and include your name and phone number. Your words of wisdom
will help FPSC recruit the next generation of CFP professionals.
We thank all planners for their contributions but we will
not be able to include all quotes in the brochure.
Making sure that a CFP professional is current
in maintaining all his/her licensing requirements, and that
everyone is using the CFP marks in an authorized and appropriate
way, is important to the entire CFP community and its supporters.
It's your reputation that's at stake. To help organizations
and practices that employ CFP professionals keep their staff
and representatives on track, we've developed a Guide to
CFP Licensing and Marks Use for distribution to anyone
who needs to be in-the-know about FPSC's licensing requirements
and resources. Do you know who that would be in your organization?
Branch manager? Compliance officer? Personnel Manager? Education
Department? If you do, let us know. Please forward the contact
information to lptak@cfp-ca.org.
Located on the FPSC website is a resource dedicated
to future CFP professionals. The "Candidates" hub outlines
the two paths to the CFP designation, the "approved educational"
or the "approved prior professional credentials" path. You
can also find our interactive "Career Centre," a discussion
forum, and much more. If you know anyone interested in pursuing
the designation, we encourage you to direct them to our site.
| Did
you know?.. FPSC's Approved Prior Credentials Policy
allows holders of certain degrees and/or approved credentials
and required experience to apply to write the CFP Examination
without completing additional educational courses. For
more information, visit our website. |
In the last E-Blast
News, we introduced you to Stephen Szikora, FPSC's
new Director - Ethics, Legal and Regulatory Affairs. We would
also like to welcome new Board Chair, Alastair Rickard. FPSC
Communications Specialist and FPSC Bulletin Editor, Blake
Glendenning, recently sat down separately with each of them.
Read the interviews in the upcoming FPSC Bulletin,
due in your mailbox in early September. Also, look for the
FPSC 2003-2004 Annual Report.
Here are the current job postings on the FPSC
website. To view the complete details, visit Job
site.
Investment Advisor,
RBC Dominion Securities, Edmonton
Financial Consultant, Investors
Group, Edmonton
Financial Planner, Bank of Montreal,
Vancouver
Financial Advisor, Tactical
Asset Management, Regina
Financial Services Planner,
Laurentian Financial Services, Ottawa
Instructor, Seneca College,
Toronto
Investment Advisor, RBC Investment,
Newfoundland and Labrador
Investment Retirement Planner,
RBC Investments, St. Johns
Investment Retirement Planner,
RBC Investments, Halifax
Investment Retirement Planner,
RBC Investments, Moncton
Senior Financial Planner, Money
Concepts, Bedford
Advisor, Clarica, Sarnia
Financial Planner, Hill & Crawford,
Ontario
Financial Advisor, Clarica,
Oakville or Mississauga
Financial Advisor, Clarica,
Ottawa
Financial Services Professional,
Clarica Financial Services, Peterborough/GTA
Financial Advisors, Berkshire
Securities, Toronto/GTA
Financial Consultant/Educator,
World Financial Group, Various Locations
Financial Consultant, Investors
Group, Calgary
Financial Planner, Investors
Group, Niagara Falls
Financial Advisors, Berkshire,
Downtown Toronto
Financial Consultant, Investors
Group, Waterloo
Consultant Financial Planner,
Investors Group, South Sask./Regina Area
Financial Consultant, Investors
Group, Montreal
Financial Advisors, Berkshire
Securities Inc., Dorval
Financial Advisor, Fom 55
Financial, Burlington
Financial Planner, Investors
Group, St. Albert
Financial Planners, Laurentian
Financial Services, North Eastern NS
Watch for FPSC's series of magazine ads running
during August and September:
| August |
September |
- Golf Canada (August-September)
- Canadian Gardening
- Today's Parent
|
- MoneySense
- Style at Home
- Maclean's (September 20)
|
To see all 13 ads that we have been running in
national lifestyle and business magazines, visit http://www.cfp-ca.org/licensees/licensees_ouradvertising.asp.
 |
|
Brad Richards, Stanley Cup winner
and playoff MVP uses a CFP professional to help him manage
his affairs. Brad and his planner, Rand Simon, CFP, recently
helped FPSC by telling their story and posing for one
of our lifestyle ads. |
Following are upcoming conferences and seminars
scheduled for August and September. To see more details or
to find an event being held at a later date, visit the Event
and Seminar Calendar on the FPSC website. The calendar
is updated regularly.
Marketing
Wealth Management Services to High Net-Worth Individuals
Presented by the Strategy Institute
Pantages Hotel, Toronto
August 25-27
Auditing
for Internal Fraud
Hyatt Regency, Vancouver BC
September 13-14
Investigating
by Computer
Holiday Inn, Montreal
September 16-17
Fraud
Prevention/Auditing for Internal Fraud
Minto Place Suites Hotel, Ottawa
September 20-22
IFIC's
18th Annual Conference
Metro Toronto Convention Centre, Toronto
September 28-30
Alternative
Investment Strategy Forum
Presented by the Strategy Institute
Arcadian Court, Toronto
September 30-October 1
CAPP
25th National Conference
Sheraton Fallsview Hotel, Niagara Falls
September 30-October 3
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are certification marks