THE IIAC RESPONDS TO NEW BRUNSWICK’S POTENTIAL APPROACHES TO THE REGULATION OF FINANCIAL PLANNER AND FINANCIAL ADVISOR TITLES
The IIAC submitted comments to the Financial and Consumer Services Commission of New Brunswick on potential approaches to the regulation of titles for financial planners (FPs) and financial advisors (FAs). The IIAC outlined its support for additional clarity and standardization for the provision and supervision of titles in the industry. However, we continued to advocate for an exemption for both FPs and FAs employed by registrants who are subject to the oversight of an SRO, especially given the announcement of the new SRO. A single, enhanced national SRO will retain high standards of professionalism and rigorous proficiency requirements.
Click here to read our comment letter.
For more information, please contact Michelle Alexander.