Note: Moneysense Finding Qualified Advisor Tool is a paid service for consultants who work with the Canadian Financial Planning Association. Members of the association must be recognized CFP, RFP, F.PL or QAFP.
What is the difference between the types of consultants listed in the tool?
Find qualified consultant tools to enable you to pass qualifications,,,,, Place,,,,, Serve,,,,, major and Payment model.
Notes on location: Maybe you’ve tried searching for “financial advisor near me” or something like that. Nowadays, many consultants actually offer services, so you don’t necessarily need to find a consultant in your own town or city.
The consultants listed in our tools offer different services and have different expertise and have various financial plan names. In addition, they charge or receive compensation for their services in many ways. Here is a way to understand these standards:
Serve
Advisors in the directory may provide some or all of the following services:
- Financial Plan: These consultants can assess your current and future financial status and provide a comprehensive financial plan and make recommendations to consider your goals and values. Financial plans can also focus on specific goals or situations, such as part of separation or divorce, risk management or retirement, debt repayment, debt repayment, financial plans, to name just a few. See below for a list of different financial plan names.
- Investment Plan and Implementation: These advisors can provide specific investment advice and implement them by investing your money. To provide investment planning and implementation services, consultants must license the investment regulator in each province and territory in which they provide services and must manage the funds through investment dealers.
- Insurance Plan and Implementation: These consultants can provide specific insurance advice and implement them by selling your insurance products. To provide insurance implementation services, consultants must license them under the insurance regulatory authority in each province and territory in which they provide services.
- Mortgage/Loan Implementation: These consultants can provide specific mortgage and loan advice and implement it for you by arranging mortgages, term loans, consolidated loans and other forms of credit. To provide mortgages, these consultants must obtain licenses in mortgage brokers or mortgage agents in each province and territory in which they provide services.
major
Advisors in our catalog may specialize in specific types of advice or services, such as cross-border or international financial plans, socially responsible investments, business succession plans, or retirement income plans.
qualifications
The consultants in our catalog are members of the Canadian Financial Planning Association. According to FPAC membership requirements, they have at least one of the following financial plan designations:
