Media Releases - 1999

DENVER, COLORADO, DECEMBER 9, 1999 - The Canadian Securities Administrators' (CSA) recently-proposed proficiency requirements for the delivery of financial planning advice does a disservice to consumers and to the development of financial planning as a profession in Canada, according to the International CFP Council (CFP Council). More >

December 6, 1999 (Toronto) - The CSA proposed instrument 33-107 'Proficiency Requirements for Registrants Holding Themselves Out As Providing Financial Planning Advice.' may go far enough for the interests supporting this initiative, but Financial Planners Standards Council (FPSC) wants Canadians to know that there are planners committed to professional standards that exceed the basic requiremen More >

November 24, 1999, Toronto - Having a written financial plan is almost as important to Canadians as having a written will. But, do they know that estate planning is just one component of a comprehensive and often complex financial planning process? Most don't, according to a recent study. More >

Toronto (November 9, 1999) - The noted critic of unethical investment advisers and author of a new book entitled, "Everything You Need to Know About Investing So You Don't Get Fleeced" is about to ensure there are teeth behind the Financial Planners Standards Council's (FPSC) commitment to the enforcement of standards for financial planners. More >

August 4, 1999, Toronto - The June 12, 1999, CFP Professional Proficiency Examination developed and offered by Financial Planners Standards Council (FPSC) was written by more graduates of FPSC-approved educational programs than ever before. More >

July 20, 1999, Toronto - The mistake most frequently made by Canadians seeking the advice of financial planners is confusing financial planning with investing, according to a recent survey conducted by the Financial Planners Standards Council (FPSC) of 472 planners across the country. Neglecting to evaluate financial plans periodically is the second most common mistake made by clients. More >

July 6, 1999, Toronto - At its June 24th meeting, the Board of Directors of the Financial Planners Standards Council (FPSC) approved the new French and English financial planning programs of Sudbury's Laurentian University, bringing the total number of programs leading to the Certified Financial Planner® or CFP® designation to 79 offered at 62 institutions across Canada. More >

June 9, 1999, Toronto - Financial planners rate their ability to apply listening and analytical skills, as well as their ability to apply technical knowledge, to understand their clients' personal financial goals and how to reach them as essential to their practice. More >

APRIL 99, Toronto - The term "financial planning" has been as ubiquitous as complaints about the weather this tax season. More >

NEW U.S. SURVEY SHOWS CONSUMERS CONTINUE TO HAVE MISPERCEPTIONS ABOUT FINANCIAL PLANNING PROCESS - Many Expect Assurances That They'll "Be Made Rich" - Denver, Colorado, February 19, 1999 - While Americans' general understanding of the financial planning process continues to improve, a new survey shows that many do not know what to expect during a financial planning engagement. More >

(The following was written for Investment Executive's Comment Page in response to Professor Chris Robinson's piece in the February '99 issue of Investment Executive, page 18) February 17, 1999 Dear Editor: I would like to address some of the concerns Chris Robinson expressed about the Financial Planners Standards Council's November 14, 1998 Professional Proficiency Examination (PPE). More >

(FPSC President Don Johnston's response to Glorianne Stromberg's report: Investment funds in Canada and Consumer Protection - Strategies for the Millennium, prepared for Office of Consumer Affairs, Industry Canada. It was requested by and published in Advisor's Edge magazine, February 1999) More >

15 February 1999, Toronto - "It is time to stop conjecture that fuels confusion about who are or will be considered qualified financial planners in this country," says Financial Planners Standards Council (FPSC) President Don Johnston. More >

Denver, Colorado, January 25, 1999 - Late last year, the Certified Financial Planner Board of Standards (CFP Board) licensed organizations in South Africa and Singapore to allow use of the CFP and Certified Financial Planner marks in those countries. More >

More would-be CFP licensees than ever before recently wrote the Financial Planners Standards Council's (FPSC) biannual professional proficiency examination. More >