Advisor Credentials: Why They Matter

When it comes to deciding which financial advisor to work with, consider the advisor’s registration and designations, as they change everything.

For example, advisors registered with the MFDA (Mutual Fund Dealers Association) are only licensed to sell mutual funds. Thus, they are restricted advisors.

Alternatively, advisors approved as registered representatives with the IIROC (Investment Industry Regulatory Organization of Canada) have full access to a wide array of products, including stocks, bonds, ETFs, and mutual funds. These advisors are better equipped.

Designations are a reflection of education and years of experience. Would you call someone a financial advisor if all they had to do was pass a mutual fund exam? Would you want them to handle all your life savings? Probably not.

An IIROC-registered investment advisor with several designations would be best qualified to meet your needs. You’d be able to take advantage of their knowledge and expertise. For instance, the CFP ® (Certified Financial Planner) designation speaks to a high level of experience in financial planning. Other designations that you might find valuable now, or in the future, are:

  • RRC (Registered Retirement Consultant) recognizes a higher level of retirement planning.
  • CPCA (Certified Professional Consultant on Aging) provides greater focus and a better understanding of the unique needs of older investors.
  • FDS (Financial Divorce Specialist) helps investors deal with asset splits when divorcing

So you see, registration matters, as do designations that reflect upgraded knowledge and expertise.

To learn more, just give us a call.

Ready to take control of your financial future? 

From your first consultation, expect personalized financial services and continuous support to help you achieve your goals with us.  

Skip to content