What do the letters after an advisor’s name mean?
This guide will explain.
Use it to help choose an advisor to work with. But remember: it’s only a starting point. There are other elements to consider.
- CFP-designated advisors specialize in financial planning.
- CHS-designated advisors are knowledgeable about a wide range of health insurance products.
- CDFA-resignated advisors are trained to deal with the financial issues of divorce and separation.
- CLU-designated advisors specialize in income replacement, risk management, estate planning, and wealth transfer.
- CH.F.C-designated advisors are experts in retirement planning and capital accumulation strategies.
- CIM-designated advisors can offer advice on structuring a stock portfolio.
- CFA-designated advisors have investment analysis and portfolio management skills.
- CPA-designated advisors provide accounting expertise including revenue and tax auditing, policy planning and financial analytics.
- FCSI-designated advisors are financial services professionals who already hold some other designation and have met exacting standards for industry experience and advanced education.
- The Professional Financial Advisor (PFA) designation focuses on practice development, technical knowledge and compliance & ethics to help newer advisors get a successful head start while also empowering existing advisors to fine-tune the primary building blocks of their business.
- R.F.P-designated advisors specialize in financial planning.
- This designation has been designed to meet the unique provincial requirements in Quebec.
For more information on financial designations, see the Investment Industry Regulatory Organization of Canada’s (IIROC) site on understanding financial certifications.