Notice: 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, Providers, Specializations and Fee Mannequin.
A word about location: Possibly you’ve already tried trying to find “monetary advisor close to me” or one thing related. Many advisors now present providers nearly, so that you don’t essentially want to seek out an advisor in your individual city or metropolis.
The advisors listed in our instrument present completely different providers and have completely different specializations, they usually have a wide range of monetary planning designations. As well as, they cost for or receives a commission for his or her providers in a number of methods. Right here’s learn how to perceive these standards:
Providers
The advisors in our listing could present some or all the following providers:
- 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 considering your targets and values. A monetary plan can even give attention to a particular aim or circumstance, reminiscent of planning for post-secondary training funding, debt reimbursement, monetary planning as a part of a separation or divorce, threat administration or retirement, to call only some 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 supply funding planning and implementation providers, an advisor should be licensed by the funding regulatory physique in each province and territory the place they supply providers, they usually should handle cash by means 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 supply insurance coverage implementation providers, an advisor should be licensed by the insurance coverage regulatory physique in each province and territory the place they supply providers.
- 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 supply mortgages, these advisors should be licensed as mortgage brokers or mortgage brokers in each province and territory the place they supply providers.
Specializations
The advisors in our listing could focus on particular forms of recommendation or providers—reminiscent of cross-border or worldwide monetary planning, socially accountable investing, enterprise succession planning or retirement revenue 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: