New rules in New Brunswick are helping ensure that someone calling themselves a financial advisor or financial planner are qualified to use those titles.
Under the Financial Advisors and Financial Planners Title Protection Act, anyone using these titles must meet minimum education standards and hold a credential from an approved organization.
This change gives New Brunswickers more confidence when choosing a financial professional. It helps you know that the person you’re working with has the right training and oversight.
Title protection is being phased-in to give current professionals time to meet the new standards.
Credentialing bodies approved by the Financial and Consumer Services Commission of New Brunswick will oversee financial advisors and planners.
You can ask your financial professional if they’re credentialed—or if they’re using the transition period to meet the new requirements.
Before working with a financial advisor or planner, ask:
Are you credentialed to use your title?
Are you currently in a transition period?
What services are you qualified to offer?
What fees do you charge?
Visit the Commission’s list of approved credentialing bodies and credentials to verify if the organization and/or credential is approved.